Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Just here to make money and "trade" volatile MJ stocks. I just post to give my opinions to investors and/or traders. None of these stocks just go up. Money is made in major ways on both sides. If someone is long term, then there is no reason to read these boards, since the daily/weekly trading doesn't matter. If someone is up 200-400% and not taking profits, then they are not trading. No offense to anyone by my comments or opinions, just trying to help traders on what I see and how I trade!
CRON breaks through 50 Day Moving Average of $11.97!! 1st major sell signal! Looking to buy back in the $5s for next run.
TLRY breaks through 50 Day Moving Average. 1st Major sell signal. Look to re-enter in the $30s for next move up.
Lower close yesterday from High, meant buying power was over. Today already broke through the 1st resistance level of $11.37, so next downside target is $10.29. If it hits there in next day or two, it will head for 50% retracement. Selling volume is too high for "consolidation"!!
Price Drop is shown perfectly in this video. Thanks Clay for the WARNING and heads up on the sell off. It is happening now!!
So the slide to $59.93 begins!! 50% retracement of speculation stocks is an easy first down leg. High close of $89.86 and base of $30 puts 1st leg down to $59.93. TLRY broke right through the first support level of $76.48 and bounced a bit today. That means it will test the 2nd support level of $63.10 today or in the next couple days. If it breaks the $63.10, then to the 50% retracement. Break that and we are heading back to the base of $30 unless some new contracts in a major way come out. Big money is already sold out. I sold my long position last week and bought my PUTS on Tuesday and some last Friday!
And So the slide to $9.37 begins! 50% retracement from base ($6) to high close of($12.74) is $9.37. Then maybe a bounce, but if no new deals or info comes out soon, this will continue back to the base of $6. I have sold out of my long position last week and bought $11 puts this Tuesday! Decide if you want your profit now or just have tied up money sitting in this stock!
50% Re-tracement over next two days an easy target. Sold my long position two days ago and started buying $55 and $50 puts. Both were up 25% today and with the $5+ slide in the after market, we are looking for another good pop on the PUTS tomorrow morning! Going to test the 1st support level at $76, drop through that and we are off to $63!! Hold on short sellers and PUT holders, the fun going the other way is beginning!! Was a great ride up from $35 and made a good haul! Buyers have left and heavy put positions were bought all day as the buyers held up the stock to get in their PUT positions before selling! The roller coaster of fun begun today!!
Big Reduction on BUY side in past 3 days. Barchart is now only 20% buy short term and 50% buy in the medium. Long term ok. Looks like Tuesday sellers could push the lower 1st resistance of $8.85, then a breakdown to $7.82. No hurry to buy yet!!
https://www.barchart.com/stocks/quotes/CRON/opinion
I've been in the same boat! Just moved along and have bought some back over the years. I think FTNT is on cruise control and heading to $100. I see no technical breakdowns and the next earning in late October will be the next direction move. I have long shares and Sept 85 calls, will probably buy some October 90 calls next. I think you are safe for another 20% if you are getting back in. Low volatility stock, so easy in and out.
So, I heard FTNT on Fast Money and bought a couple months ago....It just keeps crawling up. Bought some $85 Sept 21 Calls, and they are up 300%. It is the silent money maker!!
Investors are grabbing profits like crazy!! The Citron news and legal lawsuit news is never good for a while. People are up 200-300% now so why not take some profit and buy lower...$5 seems like a good balance place and go double your money again. Traders are making a fortune off these stocks!!
Roll Over selling has begun!! Don't hold out too long. This is an amazing profit point and you will have a great entry place again in a few weeks. Still a great story to tell your friends. I was out completely on Monday!!
Roll Over selling is beginning...don't hold out too long. A profit now is amazing!! You can tell your friends. I was out on Monday and very happy!!
The Roll Over selling is beginning...don't hold out too long!
OVER SUPPLY of production is biggest risk going forward! Supply will out pace demand by 3 to 1 and drive down sales prices under $6/gram which is production cost!!
https://seekingalpha.com/article/4202821-biggest-risk-canopy-growth-oversupply
Be Please with profits and come back another day!!
OVER SUPPLY of production is biggest risk going forward! Supply will out pace demand by 3 to 1 and drive down sales prices under $6/gram which is production cost!!
https://seekingalpha.com/article/4202821-biggest-risk-canopy-growth-oversupply
Bought good puts with the stock up 15% this morning. Hang tight and check back in a few days as traders suck out their profits....
Hang tight and check back in a few days! Ride will end soon as traders suck out the profits.....
Exactly!! Bought lots of PUTS today and will add tomorrow during the morning bounce before the selling wave and profit taking returns. Investors now know the poor sales numbers and increasing losses, so they will quickly adjust their pricing to realize this is out of control and pumped up on just hype! Numbers speak the truth and the real prices is WAY lower!!
Bought Thursday, Sold Yesterday, Buying PUTS today!! Earnings will tell the REAL story tonight!! Take Profits!
NEW RESEARCH VIDEO - Steady accumulation has begun across all MJ stocks!! VAPE is back in accumulation phase, a little day by day. Already up 35% just this month...here is why you should be on the train soon!!
https://secure.caseyresearch.com/chain?cid=MKT363956&eid=MKT373913&step=start&plcid=PLC037798#AST85295
Upgrades are being seen now....UP, UP, UP we go!! Shorts selling and squeezing too!
Holding to $40 for now!! All looking positive and shorts still in a bad position and as they cover, the stock will keep ticking up!!
Thanks Boss! Looks like the rally will continue. I am looking at a $40 exit and let it reset some. Could be a good 2nd half a year with the current set up.
Profits are always a good thing! Agree, who knows with earnings. If they nail it Monday, the short cover squeeze could be 15-20% pop, if they miss, down 20%. They had a lot of events over the quarter and the new release of some games, may drive results again...I am thinking a good number. Stay tuned!
40% Short Interest, If they hit the number on Monday, this stock will pop easy 20% to $40/share as shorts are pushed to cover. Shorts have been getting calls already from move over the past week. Hold On and sell at $40!!!
$$$$$$$$ Yep Yep!
Huggy, you know it!! Cheers! Ya throw in $20-30K, grab $50K, and move on!!
I've got laddered orders in down to $.0015, then out at .003!!
Great job!! Nice trade and good profit...run it again after it drops more, you should have a few more rounds of runs here!!
When your up 300-500%, you think you would hang around?? That's how this sub penny game is played, in and out, profit profit profit. We have no long term interest in a company worth less than a penny. MSFT is a long term play with real earnings and proven track record. A profit is never bad!!
Looks Interesting! Up over 500% in under a month, will bring the sellers and profit takers. I will start picking it up under $.002 and probably as low as $.0015. No hurry here to be buying yet, but does have some interesting catalyst happening with CEO appointment!
1st Resistance at $.2235 and 2nd Res at $.2398 on Barchart!! Looks like a good 10-15% pop is coming! Overall average up from 24% sell last month to 56% BUY today!!
https://www.barchart.com/stocks/quotes/FRLF/opinion
This will be a fun ride back to the $.30s and $.40s!!
CA primary elections and state wide various ballot measures are voted on tomorrow....Tomorrow, June 5th, Californians will go to the polls and vote on a number of state and local races, along with tax measures and other proposed laws. Cannabis will play a large role in many of them.
Oklahoma has their vote later this month and Missouri & Utah in Nov...On June 26, Oklahoma voters will consider a medical marijuana ballot initiative. In November, voters in Michigan will consider an initiative legalizing and regulating marijuana for adults’ use. Meanwhile, signatures have been submitted for November medical marijuana ballot measures in Utah and Missouri. In the case of Missouri, signatures have been submitted for three separate measures — two constitutional and one statutory.
Big money getting ready for the election results tomorrow and the May month end reporting on many companies later this week. Sales the past few months are getting investor's attention and they want to see follow through. I have picked up over 200K shares the past week and look to move it in the $.06 range. I will keep some for the long haul, but 30%+ pops are good account builders!
POTN has been having great sales too and they should have May month end sales numbers Thursday or Friday and will be up huge year over year.
This sector is getting fun again!!
Saw this too last week. I had originally bought in at $1.23 and the past several weeks loaded big under $.16. Had over 200K shares with average price of $.21. Ladder the sells from .27-.34 and sold it all today. The upper sells didn't hit and sold out at .23 late in the day. If this drops again, I would recommend you average down hard and then sell on the next pop. I don't think they will go BK, but after reading the short term loan analysis, it seems they could at any time and then everything goes to zero. Be cautious....
Barchart has 1st Resistance @ $.33 and 2nd Res @ $.43. There is room to run today!! Easy 40% pop or more. New financing is shot in the arm and carries them a long way to reorganize. 13G, ownership filing, show some big players have major stakes in WLBA and won't let it go away anytime soon!! Enjoy the ride!! $$$$
https://www.barchart.com/stocks/quotes/WLBA/opinion
Barchart, Thursday 1st Resistance 52 and 2nd Resistance 58!!! Wow, that's another 20% tomorrow and get's us looking at the next resistance of .0064!
All good news for VAPE with filings and Hemp Bill in Congress, get's everyone on board and driving up the prices quick. This is how we had 1000% gain last year in just a couple weeks!
https://www.barchart.com/stocks/quotes/VAPE/opinion
VAPE moves fast! $.01 could be here in 7-10 days or less! With the new Hemp Bill McConnell introduced yesterday and VAPE filing their 2016 10Q and getting current on filings, this just became a new ball game. I added 5MM shares the past 4 weeks and now have over 30MM total.
Barchart just doubled on their BUY rating from 16% to 32% in one day. We may see the .006s tomorrow...