IIPR is an excellent stock to own in the new MJ alternative harvest ETF index tracker, and it's been very kind to me in 2019. I bought in slowly right up to my risk tolerance thresholds, and it's far exceeded expectations this current bull run cycle. They're a REIT, so they produce a dividend, and since they only own and manage the properties and leave the actual harvesting of product to the firms that lease the space, they're one degree removed from the high risk operations that others like CRON and CGC and ACB and others are dealing with in regards to potential opportunities in US markets and regulators and financial system rules. They've also been added to the Russell 2000 small cap index, so there is a rush of new institutional buying going on during this season's quadruple witching volume from the desk traders at fund management firms of various types.
On the technicals, they're strong. They dipped recently along with everyone else in the market place, so that was more of a beta event with a strong alpha generating rebound. Yours truly got in earlier, but too early to report it with confidence to the wide world of TradingView. All indicators are going full steam, and the only thing to be concerned with is that they are currently trading higher than ever before, so this is currently setting higher highs. The MACD histogram just crossed up positive strongly, money flow spike up hard, and the price is riding up hard on the top Bollinger band with the 10 day SMA bouncing up off the 20 day SMA yet again in their current regime cycle wave. There is so much desk trader money going into this right now that I expect atleast another 10-15% in returns within the next week with price targets up to $101 from analysts and $110-$115 from me, so there's huge profit potential if you're willing to stick your neck out for the risk with tight stops.
Volatility on this sector is high with rapidly shifting regime changes. If you choose to trade on IIPR or its peers, be aware of the additional risks and plan your portfolio allocations appropriately and never put more than 20% to 25% of your capital in a single stock unless you want to learn the lessons of the past the hard way.
On the technicals, they're strong. They dipped recently along with everyone else in the market place, so that was more of a beta event with a strong alpha generating rebound. Yours truly got in earlier, but too early to report it with confidence to the wide world of TradingView. All indicators are going full steam, and the only thing to be concerned with is that they are currently trading higher than ever before, so this is currently setting higher highs. The MACD histogram just crossed up positive strongly, money flow spike up hard, and the price is riding up hard on the top Bollinger band with the 10 day SMA bouncing up off the 20 day SMA yet again in their current regime cycle wave. There is so much desk trader money going into this right now that I expect atleast another 10-15% in returns within the next week with price targets up to $101 from analysts and $110-$115 from me, so there's huge profit potential if you're willing to stick your neck out for the risk with tight stops.
Volatility on this sector is high with rapidly shifting regime changes. If you choose to trade on IIPR or its peers, be aware of the additional risks and plan your portfolio allocations appropriately and never put more than 20% to 25% of your capital in a single stock unless you want to learn the lessons of the past the hard way.