Top Pot and Marijuana Penny Stocks
Marijuana penny stocks have been soaring lately. However, much of thus is due to speculators who think that marijuana will become legal, and so pot penny stocks will increase in value.
The problem with that one-dimensional view is that it presupposes that the underlying penny stocks will continue to increase based simply on the one thought – legal pot.
This has already driven marijuana penny stocks to greatly overvalued levels. Stocks worth 10 cents and now trading for … and have tens of millions in debt, are just bleeding cash in the millions, and have no prospects for anything greater than their current anemic revenues.
The faster something rises, the faster it falls. This will be true of pot penny stocks too, and they will crash significantly and soon… just like the did the last 2 times!
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