Pot and Marijuana Penny Stocks
Marijuana and pot penny stocks have been on a tear, some of them driving over 30 times in value higher. However, are these stocks a good investment, even if it seems like the whole world is going crazy for anything to do with marijuana?
Peter Leeds says no. Besides being financial train wrecks (typically), there is far too much interest, with most of it being unjustified. When everyone is stampeding into one type of investment, those stocks are generally well overvalued. In other words, you could easily be paying too much for shares in these pot penny stocks based on their current prices.