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.

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