This is my experience with the cannabis doctor. I was actually even talking to the nurse practitioner afterwards when I said, "look at all the people asking about marijuana," and she's laughing because she's a big marijuana fan obviously. But she knows something about investing and she could even see, even a child could see that this is a frenzy. Let me ask you a question, do you think that the marijuana play is a little bit overheated right now and do you think that maybe it's a crowded trade? Now, let me ask you another question, what happens when there is a crowded trade, what if everybody you know is buying into the latest stocks? Typically the prices of those stocks are well overvalued. You're paying too much for that if everyone you know suddenly goes out and starts buying snow shovels, soon the supply of snow shovels declines and the cost of each snow shovel increases and people are overpaying for something that they could get a lot lower in price either later or a couple months from now.
Now in terms of time frame, I keep doing this lately and it's a really bad idea but I keep putting dates on things. Marijuana stocks are coming back down. I have no question about that but is it going to happen in the next few years. It's going to happen tomorrow. Anything could happen any time especially short-term. It's really difficult to predict it but I'm talking about these stocks coming back down one way or another and I'm not talking about years. I'm talking about months or more, likely even weeks.
A lot of the things that are going to bring the stock down are going to start rising up and sort of becoming more widely known and once these shares start to collapse they don't do it at the same rate in which they increased. If it took them seven months to increase they don't take seven months to come back down. It will take two days and if you don't believe me, you'll see what I mean.
I'll make you a deal, you watch some of these marijuana stocks and if they do drop, if the value drops over the course of three or four days then you can come back and say, "okay, so turns out you are right." And then you can start to maybe listen to me a little bit more because I've been making continuous videos about how to value these marijuana companies.
I'm not against marijuana and I'm not against penny stocks obviously. I am against people who maybe are less sophisticated investors who find out about these companies. They see and talk about marijuana on the news. Then they see an unsolicited fax or email to them saying like, "look at this marijuana company and they're going to change the world because of this and that." They're getting duped into taking their hard-earned money and investing it in some of these ridiculous companies that are doomed.
So protect yourself from this kind of stuff. I know it's tough to not jump on board the trade that everybody else is jumping on board of. If everyone's going to buy marijuana stocks, maybe you feel like getting left out or you're missing the boat. Your friend bought it at a dollar now it's at a dollar forty and he's talking to you all about how much money he's made. You can't fall for that stuff. Time is on your side. Sit back and relax. Invest in penny stocks the right way which is what we show you how to do on that Peter leads Youtube channel.
We have all these videos. If you watch it, you're going to learn how to avoid stampedes and manias just like this one. Now, when marijuana becomes more socially acceptable as it is definitely tending to do. I mean, they say that there's nothing that's going to stop an idea whose time has come and when you see some of the benefits of medical marijuana you realize that it's ridiculous that it's not already no more widely used and trusted. So, what's going to happen is that the social shift will come along. It will convert everyone. It will be more open to the whole concept it will not be such a taboo for some people anymore. But you know I mean, there's kids, there's children having 1020 seizures a day and all they have to do is they smoke weed to stop it. They don't even need to smoke it. They can take liquids like cannabis oil that's the only thing they do differently and that number of seizures drops to one a day.
Now picture if you're the parent of one of those kids, what are you going to do?
What's going to happen is as marijuana becomes more widely acceptable, a lot of large corporations that are well-funded and established are going to have some of their operations focus on profiting from marijuana and I'm talking about big vitamin companies, alcohol companies, maybe pharmaceuticals, cigarette makers.
There are companies that are worth billions of dollars that would come along and then you've got to get some of this competition in other ways. So, look, there's this cannabis company that has six employees and they're in debt of million dollars and they're losing 20 million dollars a day. It's not gonna be hard for these bigger companies to just sweep them out of the way, squash them or even do nothing.
These startup companies will go bankrupt by themselves and this entire industry, every dollar that can be made through this, will be winding up going to some of these bigger corporations as is always the case which is what's led to the rise of things like for example Walmart or McDonalds.
It's a winner-take-all world. The winners are going to keep being the winners. The ones that are trying to become a winner are overspending.
They know like the idea of marijuana so it's a guy and his wife and four other people packing marijuana boxes in a factory somewhere. They don't know what they're doing in terms of business. They're not going to be around in a few years. So just be careful from these stocks. You got to watch yourself and you should not get involved in some of these manias and fads at the beginning. There's lots of potential profits to be made but when you know it's kind of getting a little like old in its life cycle, when things are about to turn down a little bit. You don't want to be getting into the frenzy right now because it'll cost you money. The best marijuana penny stocks, best MJ, pot, and cannabis companies are coming in the market soon once they start generating revenue and ultimately profit for all investor. Wait and see.