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Alan Brochstein, CFA
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Alan Brochstein, CFA has worked in the securities industry since 1986, primarily with the responsibility for managing investments in institutional environments until he founded AB Analytical Services in 2007 in order to provide independent research and consulting to registered investment... More
My company:
420 Investor
  • After Massive Gains Vaporize, Do Pot Stocks Offer Potential? 1 comment
    Aug 13, 2014 12:42 AM

    The massive marijuana stock rally following the media frenzy when Colorado's legal cannabis system kicked in earlier this year has all but fizzled. As measured by the Benzinga 420 Marijuana Index, the stocks, which had more than doubled from the August 2013 lows into year-end, increased an astounding 7X in the first 80 days of the year only to give up most of their gains:

    (click to enlarge)

    While the stocks are still up in 2014, most investors have lost money after entering the market after the rally began. With prices substantially below the peak levels from earlier this year, marijuana stocks might have some appeal.

    READ MORE

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: Marijuana
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  • Walt5
    , contributor
    Comments (24) | Send Message
     
    Until regulation becomes more nationally universal , profits will be spotty and legal problems will eat up most of the investments .
    19 Aug 2014, 09:08 AM Reply Like
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