Washer’s Weed’s 4/3/17
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.
Washer, got in WEED when the BB got tight then got out after a quick trade. I’m still in Aphria. Supreme has that hammer that probably stopped out a lot of players, and the BB are getting tight. I’ll be watching Emblem and OGI closely. Thanks a lot!
WEED is a scalpers dream…superb liquidity and volatility. Aphria sporting TMOACAH (the mother of all cup and handles) if you like patterns. (I don’t). (But I do love their business model).
red a newsflash that Germany now wants to get growing also. This weed is spreading like wildfire. Gov’ts wants a cut of the action.Apria flagging nice,Yellen can’t touch this with her voodoo.
There will be export potential to the up and comers as they prep for production. Expertise can also be sold. Medical demand alone is proving difficult to meet. Legal rec will be pandemonium.