InvestorsHub Logo
Followers 3
Posts 262
Boards Moderated 0
Alias Born 10/18/2018

Re: JohnCM post# 346

Saturday, 11/17/2018 4:32:06 PM

Saturday, November 17, 2018 4:32:06 PM

Post# of 1951
I'd much prefer that you be right about the MJ sector being neutral rather than downtrending because then any swing trading I did would likely yield even better gains.

Regarding Origin House...it's kinda hard to describe but just looking at its price chart over the last few months it just feels like it has some strength behind it. It has spent much of its time riding along the upper Bollinger Band and when it does take an occasional break and drops down it usually just bounces off its 20-day moving average and shoots right back up. It was one of the last pot stocks to break down during the recent crash and when it finally did it didn't fall as far as many others did and when it rebounded it did so faster and farther than most. There have been some days when it was one of the best performers in the green even while the rest of the sector was mostly red or only up a little.

I just have a gut feeling that ORHOF really wants to go up but the MJ sector won't allow it to break free and is holding it back. So in the absence of any specific news it just kinda gets pushed around by the sector as a whole. That earnings report coming out soon might be just the stimulus it needs to separate itself a little.

Origin House is the Michael Corleone of the marijuana industry...

Join the InvestorsHub Community

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.