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.