I'm wondering if this is just a bit of over enthusiasm and we will see a pretty rapid retrace. I mean the news about Australia potentially legalising medicinal marijuana is great but nothing is going to happen on that score for quite a while (I would guess 6-12 months minimum) and even then there is no certainty that MMJ will be best positioned to take advantage. It might have been enough to tip a few people into buying but I also think a lot of traders might be in hoping to turn a quick profit off enthusiasm.
For my own selfish reasons I hope it's the case anyway, I like the company and think its worth a punt but just haven't been in a position to buy in - hope I get another chance.
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