Washer’s Weeds 31/12/16
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.
Happy New Year Washer
So….Weed Stocks trade in a different time zone ? Figures
My Watch says its still 2016 for every thing else
🙂
The last day for tax loss selling was Dec 24.
This weeks 3 day trading sessions are recorded as 2017 transactions as they will only settle then.
Put a battery in that watch. 🙂
And have a happy new year…
I bought some Aurora and CBIS which was over $2000 (probably a recap) in 1999 but now around .07 cents. They are working with Harvard on developing medical uses. You never know….Cheers for the New Year.;0
Do those marijuana Indices you sent me in a post below trade ? If so what is the ticker ?
No ETF yet. You just gotta pick the ponies.
Testing testing ????
1,2,3…come in music man…you have clearance to land. 🙂
If you could just buy one to buy and hold for the long term, which would it be??
EMC…. Before buying you should do enough DD to TELL ME why…..