One of my favourite related cannabis company ,focused on the acquisition, ownership and management of specialised industrial properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities in the us. 2% div.
This stock gives you the option to invest in a REIT closely ties to the Cannabis industry. It has been on a nice run of late and a healthy pullback is due. Add on the pullback to the $62 range where 100ma will give support.
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...
As you can see, market follows a pattern to the upside and it is now at the top of the channel where it should start headed down toward the bottom of the channel. This should bank a good amount of profit on the sell side if you follow closely over the next month or two.
DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for...
i was playing the inverted head-and-shoulders on IIPR and it is playing out well... but it is starting to look over extended. was some of today's selling enough... or do we have some more healthy pull-back action?
i was playing the inverted head-and-shoulders on IIPR and it is playing out well... but it is starting to look over extended. was some of today's selling enough... or do we have some more healthy pull-back action?
Lets talk pot stocks.
To be honest, I stumbled on this one when looking for an over-run pot stock to short. Then I read what they actually do, and it kind of blew my mind (just a little).
Because pot is not federally legal, medical dispensaries can't work with banks (for the most part). IIPR is technically a REIT, but their real value comes from sale-leasebacks...
Saw this as a potential around 30 dollars nearing the neckline and has been playing out. Trade with confirmation w/ volume over $36.5.
Cheers,
Masta o Disasta
(Devin)
Just looking at the short time this stock has been public, and just looking at how crazy scattered the 4hr candles are (not much better on any other small time frames, too few candles on larger ones) I know that I am "throwing lines on a chart" here in almost the typically derogatory way. But this is mostly a framework for me. I have been in this since almost...
