TREES Corporation (CANN)

[Buck Russell]

The reason it jumped up so much is because the 3rd green rush was in full effect. The reason it pulled back was because Jeff Sessions decided he's more important than the will of the people. Rescinding the Cole Memo put the fear into some traders, and we saw a series of directed price drops over the last couple weeks. Part of that was the normal consolidation period as CANN was due for that after a run from $1.50 to $11 without much interruption.

The other thing to keep in mind is these are highly volatile stocks in a highly volatile sector. In 2014 during the first green rush, CANN went from $4 down to $2, up to $10, down to $6, up to $22, down to $14, then up to $60+. This is the nature of these beasts. Volatility gives you the opportunity to make a lot of money if you want it to.

I feel like you've made a good choice getting in at the low 4s. The sector at large has been showing signs of a bullish emergence. CANN here has had some positive days after some needed selling. Since we had a very positive couple of days, it seems the trend is starting to turn back upward, and if that's the case, we can expect the sector at large to follow suit in a couple days.