A recent sale in my portfolio capturing some significant gains and booking profits.
The recent run-up in Marijuana stocks has been a sight to behold. Investors seem to be in a FOMO frenzy, whether purely an excitement and positioning for the legalization or recreational use of marijuana in Canada come summer 2018, or a Santa Clause rally, or year-end window dressing by institutions…it’s hard to tell. However, when the market offers such spectacular returns in a short amount of time, I remain skeptical of whether this momentum will hold. See the following chart of the Marijuana Index and the returns in the last few weeks/months.