This could well fall back after such a big jump, but all pot stocks are gaining because things are changing quickly and more people are getting behind it, so I don't think it'll go too low or for too long. They'll be producing CBD very shortly, all going to plan, and that's just the beginning. Their facilities, licenses and relationships offer so many money making opportunities that they would have to try very hard to cock it up imo.
There'll be a lot of spikes and troughs as long as MXC is on the ASX - I think they'll still be on in 2020 and, if they are, they'll have to be worth more than it is now; how much more is anyone's guess. I've been in it for the last 12 months, watching very closely, and eventually had to sell a bunch at a minor loss to cover a tax bill I'd put money aside for but spent on shares just before Brexit and two long and disruptive elections. It seemed a no brainer at the time but proved to be brainless.
Needless to say, I couldn't care less right now! Go MXC!
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