|Day Low/High||33.18 / 36.15|
|52 Wk Low/High||9.00 / 35.08|
, the object of my recent affection, is starting to pick up in price. I am seeing some large institutional buy interest.
The largest impediment to success for firms like TLRY -- which is expected to report a 27 cent loss per share Tuesday night -- remains federal legalization of marijuana across the U.S.
I don't want there to be any ambiguity about the size of my positions or about my buy and short levels as I strive for as much transparency as possible. "When the time comes to buy, you won't want to." --Walter Deemer "When the time comes to sell, y...
Yesterday and most of last week I have been expanding my Canopy Growth long investment position (the stock is on my Best Ideas List). CGC (+6%) and the other pot stocks should thrive today after the Aurora Cannabis revised upward guidance (its share...
Marijuana stocks are getting jiggy today. I don't see any news. I have been steadily accumulating Canopy Growth - based on risk/reward and taking advantage of the recent share price decline.
Another rally (of moderate means) off of the day's lows. Trades today: * Added to (speculative), and longs. * Added to short. * Added to short.
So many stocks, so much news, so little time. The good news is I'm letting you borrow my shovel.
Let's look at the chart of CRON.
Analysts say nation will turn a new leaf, changing federal law within a few years, as cannabis industry expected to grow big time over next decade.
* Mr. Market is underpricing risk and I am trading and investing accordingly * I added new positions in DB and VXX * I sold my gold long GLD I have been increasingly active (and bearish) over the last week: * I have added to my bond short - now very...
I added to my , and longs and to my and shorts. Thanks for reading my Diary today. Enjoy the evening.
Let's examine the latest charts and indicators.
It all comes down to matching my time frame.
As I telegraphed in the past (that I would buy the next dip in pot stocks), I have taken a medium-sized long investment position in Canopy Growth at $37.80 in pre-market trading - following the announcement of the CEO's departure. This is my first n...
* I have been cautious on pot stocks * I remain so! * Another lesson learned about chasing shiny objects Break in! Canopy Growth's co-CEO Bruce Linton has unexpectedly resigned (the shares are -10% in pre-market trading) from his executive position...
I'm only considering selling the puts. The dividend is not that attractive.
Changes will come as they move their wine and spirits business to the 'high end', and develop the activities of Canopy Growth, which promises cannabis-infused drinks.
Is prohibition the real factor propping up projections for demand and pricing in the cannabis market?
At first glance, CGC's report looks like a drag, but you must dig into the weeds to see how timing and the industry are at play.