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Re: Ole Broke Azz post# 6436

Friday, 12/14/2018 11:45:52 AM

Friday, December 14, 2018 11:45:52 AM

Post# of 16650
Well, in your defense OBA your recent swing trade on Aphria was a possible dead cat bounce and those are always a lot tougher to decide when to sell because you never know how high it's gonna bounce before it resumes its downslide. But you still ended up doing just fine, IMO.

It's quite a bit easier to swing a stock that has been rangebound for a while and trading sideways with some fairly well-defined upper and lower resistance & support levels that have already been hit several times. That's what many/most of these pot stocks were doing from mid-September to mid-October between the time the stocks rocketed up after the Canopy-Constellation deal and the subsequent crash. We did very well during this period even though the stocks themselves weren't doing much overall and it would suit me just fine if the sector just returned to that kinda predictable behavior.

But don't get me wrong...if these MJ stocks decided to double or triple like they did for you guys and we missed most of because we weren't into them yet I sure wouldn't complain none! That musta been really sweet for you folks who have been involved in marijuana sector investing/speculating longer than we have.

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