The cannabis sector is in a bear market. This is creating an opportunity for new investors to enter the sector while share prices are down. It’s also an opportunity for current shareholders to lower their cost basis. Here’s a report I did for Cannabis Stocks Trades – these two early cannabis industry leaders are trading 61% below the 52-week high. Enjoy!
Warren Buffet is the most successful investor of all-time. His net worth of $84 billion makes him the third richest person in the world.
Buffet’s fortune was built on a contrarian view on investing. He once said, “Be fearful when others are greedy and greedy when others are fearful.”
This is good advice for the cannabis sector right now.
After posting huge gains in 2017, the global cannabis sector fell into a bear market in the first quarter of 2018.
However, despite that short-term weakness, the long-term picture for the cannabis industry and cannabis stocks has never looked better.
Cannabis stocks got off to a blazing start in early 2018. Since climbing to an all-time high, the sector spent most of February and March trickling lower.
The US cannabis index fell 28%.
Canadian cannabis stocks saw huge gains in 2017, with the Canadian cannabis index jumping more than 300% in the second half of the year. This pullback resulted from shorter-term traders taking quick profits off the table.
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Two Cannabis Giants Trading Far Below 52-Week Highs
Disclaimer: This report is for entertainment purposes only. Every investor should consult with an investment advisor before making investment decisions. The Vodicka Group, Inc. is not a broker/dealer. We do not receive compensation for mentioning stocks. At various times, the clients, publishers and employees of Vodicka Group, Inc., may buy or sell the securities discussed for purposes of investment or trading.
