High PE stocks particularly getting thumped this morning after some poor economic news.
Stock Advice Thread
- Thread starter dgtatu01
- Start date
Funny how that former flyer was recently called a value stock on CNBC, goes to show the cycles some of the big techs have experienced. I’m glad I hold a few shares of it.
Pot is getting research into sports......this time hockey....
https://www.benzinga.com/general/bi...artners-with-canopy-growth-for-cannabinoid-re
https://www.benzinga.com/general/bi...artners-with-canopy-growth-for-cannabinoid-re
And it would be wonderful for all concussion related injuries if found to help!
Aurora up 11.5% right now on the day......whoah?! Love that money....
Cronos up >9%.
CGC up >2%
Cronos up >9%.
CGC up >2%
Dumped my pile and fed more to 3 potential greyhounds-STNE OGRMF MITK. IIPR eps late Wed, ADBE late Th.Market today despite holding 25 sh BA.[poop]
Selloff tomorrow? Whatever, then I think we buy some things on big downward swings.
Still on money lockdown right now. Just gonna ride what I got right now.
MITK - nice setup for a trade....stoch and macd turning up...falling wedge which is bullish...needs volume push here
STNE - Tough call here....looks a little extended and could pull back to 20 day ma first....or it could keep going and make a higher high and form the head of a h&s...left shoulder already in place if it goes that route
IIPR - bouncing off 20 day...might be good for a trade
ADBE - tough call....possible C&H on 60 minute chart though
I'm really eyeing tlry for the future. It just went south of $70 which it hasn't been close in a long time. It might be worth buying some in the future.
Careful, read or heard something (?) pretty negative about them yesterday.
My initial reaction is that from where I sit (Opinion only), there are several Cannabis/Marijuana companies I'd put my $ in today before TLRY.
I'll add......CGC's chart has a nice set-up for those inclined for a swing trade. At the moment, needs to push thru $48 with sustained volume carrying it well into the $48's on that break.
Update to provide initial swing targets: If breakout confirmed by volume and thru $48.40, then near term swing targets $51.50 and $55.50.
Update to provide initial swing targets: If breakout confirmed by volume and thru $48.40, then near term swing targets $51.50 and $55.50.
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MITK shows a pivot point @ 11.59. Needs sustained volume surge for a successful push on thru $11.60. On breakout watch today.......
My approach has been more shotgun. I'm already heaviest in on CGC. Mild on Aurora, NBEV, and HEXO. I'm mainly watching CRON and TLRY......also some outside players like Miracle Grow. There's gonna be at least 1.......maybe a couple more that are going to go off. I don't want to miss out on which one it is.
My two that went off for me recently and I still like, OGRMF and IIPR. CGC a HOLD for me, longer term play.
Personally, as a basket, I like these 3 mentioned by lz, along with CTST and HEXO.
Might be bailing here with small loss....don't like the red candle yesterday which now made this look like a descending triangle (bearish)
That industry will be dog eat dog sooner than later! About the the time I think I have a 10 bagger ahead of me, somebody will probably scoop up my choice(s) before I get a two bagger....OGRMF, for example.:weary:
He's advised PG with changes to it's board, structure and countless other companies over a decade, He's the billionaire CEO and founder of Trian, an investment management firm.
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