It's a dicey play as the price action isn't defined as yet and the ETF still could break lower.
TLRY is probably not that close to sustained profitability, but it has built the balance sheet to tough out these hard times.
There are much broader implications beyond my unprofitable venture into cannabis stocks.
It would be foolish to ignore the Fed chairman, who could sneeze and turn everyone bearish.
Meanwhile, the market indexes remain on cruise control as traders await Jerome Powell's utterances at Jackson Hole.
The ETF is showing signs of perking up and the micro-cap is a maker of electric outboard motors.
The risk/reward profiles of AGFY and MAP are enticing.
The same can be said of cannabis stocks as fresh talk of federal legislation to legalize marijuana likely is just that… talk.
I have my eye on relative strength in groups that have lagged for a very long time.
Tilray is okay in my book for speculation.