ONE LOVE! Let's get together on weed stocks.
Oh boy! Where were you when all this was happening?
Cannabis (aka weed) stocks as a group set to take off. This could be bigger in percentage terms than Biotech pumps we saw in the pandemic period.
As some will be aware major changes have been happening in the USA and Canada to 'legalise' certain aspects of cannabis. GTBIF and CURLF were ahead of the race. Changes are following in many other countries.
Both GTBIF and CURLF may correct significantly so if investing here one has to look for a nice pull back and take a controlled loss.
But this post is not just about two cannabis stocks. There are dozens of these stocks in Canadian and US markets and Google will help you to find them. The could be more long term investment opportunities, say over 5 to 10 years. Buying low should be easy for many of these stocks. Some on my watchlist are:
TSX:CRON,
TSXV:EMH,
TSXV:N,
NASDAQ:TLRY
I'm not saying the above are great. If others find good ones, then help out everybody else by sharing.
Other cannabis stocks are at all time lows. Some say they will pick up. How would I know?
Disclaimers: This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Cannabis (aka weed) stocks as a group set to take off. This could be bigger in percentage terms than Biotech pumps we saw in the pandemic period.
As some will be aware major changes have been happening in the USA and Canada to 'legalise' certain aspects of cannabis. GTBIF and CURLF were ahead of the race. Changes are following in many other countries.
Both GTBIF and CURLF may correct significantly so if investing here one has to look for a nice pull back and take a controlled loss.
But this post is not just about two cannabis stocks. There are dozens of these stocks in Canadian and US markets and Google will help you to find them. The could be more long term investment opportunities, say over 5 to 10 years. Buying low should be easy for many of these stocks. Some on my watchlist are:
TSX:CRON,
TSXV:EMH,
TSXV:N,
NASDAQ:TLRY
I'm not saying the above are great. If others find good ones, then help out everybody else by sharing.
Other cannabis stocks are at all time lows. Some say they will pick up. How would I know?
Disclaimers: This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Comment:
No surprises!
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
