Same reasoning as the last time. Market also trending down and RSI through the roof
I like it for a short term swing near a technical area on the chart.
On the way down, entry 1/2 intended position. Market reversing
Goes completely against my rules, but with the way this sector is moving, and considering how much money people have made off IGC and NBEV, this thing has a high chance of following through tomorrow. Also, this stock only has 7 million in the float. Also, a big seller cashed out!!!!!!!! I haven't had time to check warrants, but judging from the price last...
Love the stats and the story. Short term swing. It is being driven by speculators because it's a low float China stock. Went up too much in a short period of time, hence the big sell off. Also, this China tariff news probably spooked traders. Net income is down 2 million, but general administrative expenses increased by a factor of 10. Plus, they are...
Weed stock are on a roll right now. CANN and CBDS have always followed each other. Big volume spike, and with TLRY and all the big names in the marijuana sector on fire, speculative fervor will transition into the smaller names. For the most part, though, I like this as a sympathy play off today's CBDS move
Holding over night. Do not have to to elaborate in detail www.investors.com
Earnings report wasn't that bad really, just disappointing. The stock was already up 1000% at one point, and Bank Of Montreal owned 30% of the shares back in December 2017. I initially flirted with the idea of buying on Monday, or near the 78% line near the March/April consolidation area for $8.00ish, but decided against it due to the extent of the sell off. ...
Quick short. Was waiting for the signal. Just breached 80 on the RSI Smaller size on this
Secondary offering of 7.5 million shares at $20 per share. Sell $20.00ish I think the overreaction is due to investors starting to tighten up the belt due to market conditions. Again, this is just a quick swing off this full retracement. This just seems a bit overly reactionary to me. Stop 10%
Went up 1700% after reverse split. Broke support yesterday on increased volume. Had my eye on this one for awhile.
Hold other 1/2 in case it goes to $2.50 Interesting news, heavy accumulation, and the down days are on significantly lower volume. It's also at a key reversal price range. 2 and 3/4th's
Best to do it today. Stock never follows through, but it has a low float and most of the shares are owned by insiders. They constantly lose money and are late on earnings reports frequently. I see another reverse split coming soon as they have most likely received a warning from the NASDAQ for being under the minimum $1.00 price requirement. Buy `1/2 today...
Nice scalp through $3.00 for daytrade www.investors.com
Risky swing trade, but I think this reaction is just panic selling from the news yesterday. A lot of people are holding a bag right now, so when the news hit they freaked out. A lot of new traders attracted to weed stocks. It was also hovering around $3.00 before they made all those acquisitions The volume was unspectacular relatively speaking. Funds have...
Looks pretty oversold here. I'll explain later because i don't have time/ I had a chart previously made up but I must have deleted the drawings
Weed stock operating in the United States. Listed on the CSE, which is where it gets most of it trading volume. Reason I'm not entering now is because there were some heavy sell offs recently, and also because of the state of marijuana stocks in the United States. Most of the funding comes from Canadian investors though. It should get some laggard carryover...
Wait for a quick sell off, and if it persists, scale in to a short