Goldtent TA Paradise

NOTICE TO THE BOARD:

This is Washer’s mother.

Washer is grounded and confined to his room.

His stupid weed stocks have collapsed by 50%. His stock charts subscription has expired and I won’t be conned into renewing it again so there will be no more charts.

“Normal correction in a young bull, mom!” he keeps blathering. Obviously brain damaged from decades of marijuana abuse.

Meanwhile, there is an angry mob on my front lawn. The tulips are ruined.

I would kindly appreciate that you do not communicate with or encourage Washer in any way.

It is unlikely that he will return. His uncle Frank has given him a perfectly suitable and stable position wiping tables at his MacDonald’s franchise.

You have been advised.

2 weeks ago I called an end to this correction.

2 weeks later 4 of the 5 are down…way down. (Something is up with EMC…still holding).

So…in order to somewhat mitigate my latest public humiliation I have once again redrawn trend lines on the weekly’s making me look and feel rather clever after all.

Gentlemen, this new sector has delivered 300% – 500% gains in the last year alone…general legalization is now a done deal before July 1st 2018…there are no obstacles left.

ugly bitch….

I’m still here though less regular….things were getting a bit too repetitive…..It’s a bull!….zzzzzzz….easy money!……zzzzzz……generational secular opportunity!……zzzzzzz

I am calling this current brutal correction as being over….confirmed by solid weekly candles and supporting volume. It seems that an impulse has begun. The garage sale is over.

Still holding the same 5 stocks in my personal index.

Have a look:

APH: “the stick-armed model”. Hardly corrected. The new leader. Every boys bedtime fantasy.

OGI: Back on trend. Evil spirits cast out.

WEED: Godzilla still sleeping but will soon be back to stomping on Tokyo.

SL: Still waiting for sales licence…then it blows.

EMC: The current bane of Washer’s life…is now seemingly the best opportunity…I am posting the daily…

Bottomz Inn?

After the Trump Dump…the Trump Stink.

1 up, 3 down, 1 neutral.

A boring, losing, and generally uneventful week. If this is a true bull market then we are consolidating, absorbing, digesting, churning, burping, farting and watching cartoons.

The gains have been epic.

But now we are seeing critical support levels being tested. Which begs the question:

Is this a warning of more pain ahead or a great entry point?

Do you feel lucky, punk? Well…do ya?

Here’s the line up:

WEED : Neutral. Just look at this pig. 1.9 billion in market cap.

APH: Up. Displaying strength in a corrective environment.

OGI: Down. Company has acted responsibly and is back on track….but the stench of pesticides and possible lawsuits are still affecting share price. This could be a good opportunity. Think Tylenol.

SL: Down. Still waiting for sales licence. Maybe already priced in.

EMC: Crashing. A few million shares become unlocked on the 11th….This is way overdone. My pick for the week.

As always do your own homework. There are lots of other companies and opportunities in this new and exciting sector. Don’t be a lazy bastard.

Been a while….

The Trump dump.

Feds to crack down on states that allow rec. usage.

Washer would like to thank president pastie face orangutan for making the bull market in Canadian marijuana stocks more certain than ever.

What a spectacle we had Friday… participants jumping out of positions like the fricken building was on fire. All 5 weeds down as much as 10% in early panic trading.

But ‘old on a minute dere, eh. Weez Canajians.

We don’t give a flying frick about Yankee legislative confusion. Now our stocks are the only sure thing.
American sales/exports were never in the equation. Canada is going to be the leader world wide going forward. We are going to generate a lot of attention. It’s a big responsibility. We are writing the playbook here.

We recovered most of the dip by days end. The drama barely visible on the weekly’s. Might take a few sessions for the lights to go on but this is a bullish event. A catalyst.

Here’s the line up without comment. Nothing has changed.

Disclaimer:

I am not an investment professional. I am an angry troll trying to lure you into this sector so I can get rich, dammit! I plan to roll around naked on that money while weed vapor is pumped into the room…legally… and YOU will have paid for it. BWAHAHAHA!

Been a while.

Let’s review the trade:

With the election of Justin Trudeau 15 months ago began a major and potentially long lasting bull market in Canadian Marijuana producers. This thing is just starting with the major catalyst still ahead of us. (Legalization for recreational use).

Washer, being generally lazy and high all the time abandoned his gold stocks for weed stocks and plans to spend the next 5-10 years in this sector.

I watch the top 5 Canadian producers with a good business model and good liquidity. Now I can safely buy and hold, trade or rotate. Nothing fancy required. It’s a bull market after all.

I like my charts naked. Trend. Price. Volume. Have a look: Simplified from the beginning.

It’s a raging bull. Denial is in Egypt. The boat has not been missed. It’s still in port.

There are very few quality producers. The valuations are going to be insane.

Here’s the line up:

CGC: (The leader) has changed symbols to WEED. Brilliant. Probably an MBA. What creative genius. For traders too stoned to remember the fricken’symbol?

APH: Beautiful. (I am too stupid to own any)

OGI: Stabilizing after pesticide contamination scandal.

EMC: Still very new and finding price…the future leader in pharmaceutical dosages.

SL: Been holding heavy. Waiting for sales licence delivery and first revenues from stored product. This has tremendous upside potential. Hoping to make my year right here right now. American chart used for simplicity.

It’s a bull….no bull.

But these are dull times. No catalysts of significance until possible spring legislation is tabled in the house of commons. It is individual company tales that will cause movement. Here is where DD can serve you just as well if not better than the charts.

Proof of a bull market will be these stocks continuing to rise over the next few months.

Lets get to it:

SL was last weeks pick and good for a 10% pop. There was a buying panic on Fridays close. Something seems to be up. Probably the license to sell product is about to be issued. I still think the most upside in the near term is right here. Might be another pop Monday morning. My top pick again. I have a huge position and am digging in my heels.

EMC This thing is a beauty. I will try and get back in at some point.

APH The first LP to show 2 consecutive profitable quarters. A miracle this early in the game. Solid.

CGC Back to sleeping soundly. Still being punished for running too far too fast.

OGI This weeks disaster. The pesticide story is getting uglier. Best to avoid until things get fixed. Could be more pain ahead.

It’s early in the year but I’ve already racked up enough base hits for a month in the Caribbean. I’m tired, my nerves are shot and I’ve lost my sense of humor. I need this. I’m holding my position until my return. The next publication of Washer’s Weeds will be Feb 18th. Good luck and safe trading.

Up we go. Reluctantly. Little volume.

Most were expecting further downside but this weed bull won’t have it.

Barely a full trading week but constructive.

Here’s what happened:

ACB was dropped from the line up. I can not in good conscious encourage any one to touch this thing. More hype than substance, trading on momentum…..looks like pets.com. People could get hurt badly. I could be wrong but who need the extra risk? It has been replaced by SL (Supreme Pharmaceuticals). It trades on the Mickey-Mouse CSE but is any thing but. DD has me drooling and it is now my biggest holding. Stockcharts won’t help us so it’s prison-cam time:

EMC: Our stick armed model of the month. She’s a hottie. Resistance is futile.

CGC: Godzilla is awakening and climbing out of Tokyo bay.

APH: The rock of Gibraltar.

OGI: The only organic producer was found to have pesticide in its product. Ooops! We found bacon in the Rabbi’s fridge! Punished by the congregation. Last week’s easy and obvious scalping opportunity.

Cave drawings and personal bias have me chomping at the bit to buy miners here and now.
But alas, I am but a pot head who expects better returns staying put.

I have dumped my entire position in ACB for a 7 cent gain. It may get dropped from the line up.

Rotated into OGI.

Back to our reg programming…

Happy Frickin New Year!

This was the first trading week of 2017 for Canadian stocks. The weed action was light but positive.

I am certain that a generational bull market has begun in cannabis producers. It is fundamentally obvious. The charts all point in the same direction. I am going to trade this thing for the next 10 years.
The lack of interest here only reinforces my belief. No one really believes it yet. Perfect.

Here is the line up:

My pick from last week. I was fully in. My only holding. I dumped on the first session of the year pop then re bought the dump yesterday and sold before close. Base hits win games. Home runs are rare. No idea where this going in the short term.

My pick for this week. I loaded on the close yesterday. My favorite for scalping. Great liquidity. Coiling for a pop. Under 2.00 doesn’t seem possible anymore. That has been tested to death.

The big Kahuna. Still feeling for a bottom. Still lots of air before hitting the weekly trendline. Acting as a drag on the others. Low volume. No worries for now.

Solid. Boring. Profitable. Damned profitable.

Another miserable week of downward churning. Low year end volume makes this meaningless in the grand scheme. This thing is going to rip in 2017. We are very early in the game. I’ve redrawn some trend lines to make the bull look healthier and my self look smarter.

Here is the line up:

Me thinks this will be the big winner in 2017. Low share count, great management, great business plan. Brutal IPO but not worried.

The red haired step child. Beaten silly. Great for day trading.

The industry leader. Has had it’s 50% retrace. Where it goes the others follow.

Still behaving nicely:

What ever your beliefs, what ever your traditions, have a great celebration!

Sell.
Task force report finally made public. No surprises. We will have our recreational market. Sell. Early entry multi baggers sitting on huge profits. Sell. Late entry bag holders sitting on huge losses. Sell.
Dec 23rd last day for tax selling. Sell. Nobody waits until the last day. Sell.

That might have been it.

I am taking MT out of the rotation (It will be absorbed by CGC soon) and replacing it with EMC

EMC streetwise reports

Here is the line up:

Still holding weekly trend:

The money destroyer: (my money)

The new IPO/money destroyer (my money) and my new largest holding.

“Oh the humanity”.

“Time to switch to helium”.

A miserable week. Weekly candles still in bull market formation except for fricken ACB.
It did the exact opposite of what my peanut brain thought it would do.
Now we are into the silly season and year end squaring. Short term looking ugly. There is still lots of empty space between here and the weekly trend lines so be bloody careful.

I have given up on rational assessment. It’s a bull alright….with mad bull disease. This beast is a shredder. Ferocious in both directions. Makes gold look like a piker. I’m addicted.

Here are the weekly’s:

A good week for the weed bull.

The sector as a whole resumed it’s upward trajectory and stayed within simple weekly trend lines.

The task force has delivered its report to the judicial ministry. It will be made public at an unknown date in preparation for proposed legislation (possibly this spring). There are rumors and accusations that the report’s contents were leaked last week and very favorable to the industry. That would explain the get in at any price circuit breaking stampede that we witnessed. High times are coming.

My 5 weeds will soon be 4 as there has been a buyout proposal. Another is slated for acquisition which will leave 3 monsters to dominate the space. (Washer’s monsters). This current M&A scramble so early in the game is a good indicator of what can be expected going forward.

Mr. Market is finally speaking to us. Price and volume are stabilizing. M&A pricing tells us what the corporate insiders think this is worth. Things are starting to make more sense.

Here are the weekly’s:

This weeks drama queen is being bought out at around $8.00.

The big dog that is buying MT.

The next buy out target. Rumor mill says ACB is eyeing it.

The only weed down on the week. Just began construction on an 800,000 sq/ft expansion. Could be an epic squeeze ahead.

Has huge amounts of freshly raised cash. Bound to do something wild.

Aside from the usual weekly candles I am adding the dailys from where we started.
Chart porn.Those friggin candles are not even believable.
Patterns? Indicators? Tradeable predictions?
Go ahead. I dare you.

Funnymentally, nothing has changed. It’s a new bull.
But this little critter is LOCO.
Buy and hold? Yes but don’t look. Day trade? Yes!!!! The volatility is perfect.
Base hits win games.

Here is what I learned this week:
Nobody knows where this is going or what it’s worth.
No one can agree on price. Even Mr. market is clueless. Movement like this is NOT NORMAL.
There are no parameters, no precedents, no legislation and no quantifiable future markets.
But where there’s smoke…..

What a fricken week!

Price explosions, circuit breaker halts, stop runs, filled gaps, price implosions, more halts, short squeezes, again halted….in all 5 of my weeds!…mercifully it ended…..up. I have never seen action like this in 15 yrs of trading.

My nerves are shot. Now I drink in the morning and rarely show up for work. I miss the stability of pm miners. I even scalped Yamana for a nickle on Monday just for old times sake. (Sex with the ex).
I’m thinking of ordering some astronaut diapers so I don’t waste time in the washroom during market hours.

Here’s the current media knock on weed producers:

-Valuations are insane. (2 of my weeds are over 1 billion marketcap).
-They make no money.
-They are in debt.
-They are all frantically planning and building out massive amounts of production capacity that can never be supported by the current prescription market alone.

Here’s the real dope:

-Trudeau is a pot head. His dad was a pot head. Washer is a pot head. Soon you will all be pot heads.
-Legalization is going to happen. They are discussing details…not objectives.
-There is not enough capacity to fill this future demand (2017).
-There is a huge temptation for American investors to buy Canadian producers. American Federal and state laws are contradictory….and too great of a risk.
-There are very few serious players in this space.
-This is a very young bull market…..you have a clear trend with volume support and a huge catalyst in the future.

Great family fortunes were made by Canadian booze producers (think Bronfman/Seagrams) during and after prohibition because they were unencumbered by law and had the capacity in place for when the market turned. The parallels here are obvious and actionable.

While the apparently parabolic charts seem like an invitation to chase high prices….this bull market is barely 1 yr old. It began with the election of Trudeau. The end is not in my sights yet.

Here are the 5 weekly’s:

All acting in unison. Harmony. Mutual confirmation. Peace. Love. Jimi Hendrix.

I rotated my core position into MT mid week. They have the most favorable business model and the lowest share count. ACB has a 50 million share overhang. They will free trade soon and are hugely in the money.

My positions usually change every week. I have the attention span of a fruit fly.

Disclaimer:

This weekly blog is for entertainment purposes only. I am not responsible for any losses which you may incur investing in the 5 weed stocks that I cover. I also do not condone the use of Marijuana. Or the consumption of pizza. Or listening to Led Zeppelin. They sucked. You were high.

This is it. Talk is cheap. There’s a time to be funny. There’s a time to make money.

The weekly weeds:

“Well, washer, this is a fine mess you’ve gotten us into”

“What a relief it has been to abandon the volatility of gold stocks finding refuge and certainty in the stability of weed stocks.”

“LORD TUNDERIN MARY AND JOSEPH, THESE FRICKEN WEED STOCKS ARE WORSE!!!!!”

“Out of the frying pan into the fire.”

“I’d rather be a nut than a washer”

The minor correction has become more serious. Stops are being run into unfilled gaps. Since there are very few riverboats, these are easy issues for automatron fundies to push around.

My entry was, to be frank, utterly clueless.

The bull will save me.

The Nov 8th elections stateside will determine recreational use legalization in 8 states. Tailwinds.

Canadian task force report out this month….not about if….about how….to implement legal recreational sale and taxation. Tailwinds.

Legalization…..promised by Trudeau in 2017. Hurricane in my underwear. No one has a clue what kind of demand this could bring. Some estimates are as high as 50x current medical demand.

There currently is not enough legally permitted production capacity to meet even a fraction of this.

That is why…….my 5 weeds have only just incubated…..they are the toddlers….who will grow into monsters.

So here is the lineup:

My biggest (are you serious?) holding: ACB.V
This was the worst place to be….monkey hammered into a yawning gap…..ending the week rocketing like a scalded monkey…..after just being given a cannacord spec at 2.75…..prison sex. Courtesy of my prison camera. Still no history at stockcharts.

The leader and bellweather: Almost at new highs, encouraging.

Also up on the week:

Both slapped hard….yet hardly slapped, really. Let’s see. 🙂

Fully has asked me to provide updates on legal cannabis stocks.

Here is my first of what will be weekly and always free musings on this sector.

DISCLAIMER:

I am not an investment professional. I am an idiot. If your investment decisions are based on my Fred-Flintstone-get-rich-quick-schemes then you too are an idiot.

Here is my premise and my approach to trading and charting:

I will only trade a bull market as it will eventually forgive my amateur executions.

I don’t believe in chart patterns and indicators as being reliable.

Price and volume are my concern after identifying a clear trend.

Areas of support and resistance offer drama and a chance to re position.

I always take profits. Over and over. You only need base hits to win games.

I believe that right now the hottest bull market in Canada going forward is Marijuana stocks.

Most of the names in this sector are garbage.

I have selected 5 stocks that are legit. They are producers. They are liquid. They are the leaders going forward. They have the structures in place to accommodate inevitable legalization in 2017. Fund raising is very easy right now. Big expansion plans are afoot. The recreational market is set to surpass the current prescription market by many multiples.

ACB was just listed on the venture so stock charts has no history….it was on the sheets @ 50 cents for a long time. It’s my biggest holding right now.

Note the strength of this move since June. Note the Volume. Note the reluctance to correct. Note the harmony of all 5 issues.

This, Gents, is the beginning of what will be a very long running bull market. When I read about market saturation and industry lobbying against foreign imports I may start to sell out.

With anything gold. (This will be our 2nd divorce). It has been one hell of a run. Made me whole again. Gave me back my confidence and a nice (paid for) trading account. God bless you, Fully, for building this place. It kept me focused for sure.

I am no longer convinced that this is a new bull. Too old to lose it all again. Not saying it’s over…just over for me. Not interested in being a nut…..just a washer. 🙂

So now what? Need a new bull. Need one that leaves little doubt.

I’ve been looking at this for a few months and am now all in.

The only serious participants at this point barely make money but like Amazon will trade at insane multiples based on anticipated earnings. There are few issues to choose from. Demand will be difficult to fill. Right now they can only fill prescriptions.
Recreational use is the future prize.

The main catalysts going forward are the Nov release of the task force’s report on legalization and legalization itself slated for 2017.

Like always, it is imperative that you do your own DD.

Here are my 5 “rocks”. Payback to the board. Good luck.

Ever wonder why Bohdan Stephan Polny sounds like a charlatan and a con artist? Because he is.

Bohdan Stephan Polny, the chiropractor con artist, tried to steal $100,000 from Citibank.

Bohdan Stephan Polny obviously can’t run a profitable chiropractor clinic. The lying chiropractor can’t even count market cycles.

Bohdan Stephan Polny has a history of lying to customers and leaving unpaid bills.

Found here (comments section) 🙂