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Managing
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Private Banking Credit Manager that started as a pure long term stock picker and have evolved into a trend trader. I'm interested lately in technical systems that identify short to long term trends. Not looking to capture a trade at the very bottom or at the very top, but to ride 80% of the wave... More
  • The Legal MJ Industry 0 comments
    Feb 28, 2014 10:57 AM | about stocks: MJNA

    More than any other investing opportunity, I find that this industry is the most compelling. Primarily because investing into the narrow range of penny stocks in this space requires as Soren Kierkegaard said "a leap of faith." Metrics don't matter, neither does management, its all about the retail investor's convictions (or lack thereof).

    Legalization itself is a big social experiment with Colorado and WA as the test labs. Unfortunately, one big stepping stone has not been addressed by any of our august lawmakers.

    Access to banking services. Unless resolved, this industry is being pushed into the arms of organized crime. What a better revenue stream than a quasi-legal industry that HAS TO operate on a cash basis? A dream come true for the wise guys.

    http://www.dailycamera.com/guest-opinions/ci_25226516/banking-marijuana-requires-an-act-congress

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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