I am buying 628 more shares of $MCIG at .798.
Electronic Cigarettes (E-CIGs) are estimated to be a 1.2 billion industry in the coming years and I have been buying vaporizer companies as a way to profit off the trend. They provide a unique opportunity for your portfolio; a triple play.
Vaporizer companies will be capitalizing on markets related to the legalization of marijuana (as marijuana users feel vaping is a safer, cleaner, and more discrete way to smoke) as well as the tobacco and recreational vaping markets (nicotine/THC free).
That is why I am buying more shares of $MCIG, a key player in the e-cig industry. (It doesn’t hurt that it is at a good price to buy.) Make sure that you use limit orders and stops-losses. Enjoy!
Since we have failed the 20, I am waiting until next support area to buy more. $MCIG just broke an overnight sales record in Europe.
But I am managing my position sizes on the way down, buying in $500 increments.