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Cannabis Stock Trade Ideas 9-20-16 (video)

This video covers some of the most bullish trade setups from my cannabis stock watchlist, including the recently highlighted ACBFF & CARA trade ideas. The video starts out with some important points to consider when trading these low-prices stocks most of which are prone to extreme powerful rips & dips, especially when the momentum traders are engaging the sector. Due to the extremely aggressive nature of these trades, with the exception of the ACBFF Active Long-term Trade & the unofficial CARA trade idea that was highlighted yesterday & earlier today (a biotech company which may be added as an official trade), these are unofficial trade ideas. As always, DYODD and pass on trades which do not mesh with your risk tolerance, trading style & objectives.

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7 Comments

  1. rsotc September 20, 2016 11:46 am at 11:46 am

    The CANN trade idea covered in this video has since taken out the 1.20 resistance level which was highlighted on high volume (bullish), which opens the door to the next target levels covered in the video.

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    • joefriday September 20, 2016 11:57 am at 11:57 am

      CANN another favorite of mine… 🙂 These Pot stocks should start perking up with Nov voting on legalization getting closer.. Calif is the biggie IMHO.. Was just out there..and my unofficial poll of various folks I met and asked..suggests the referendum will pass… lol.. BWTHDIK? 😉

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      • rsotc September 20, 2016 12:28 pm at 12:28 pm

        With one country or state after another legalizing marijuana in some form or another in recent years & with momentum building, it seems apparent to me that the market for legal both medical and recreational marijuana is all but guaranteed to continue to grow substantially in the coming years. There will certainly be some winners & losers in the sector but just one or a few of tomorrow’s big cannabis companies with sound business models & the right management team can pay off in spades. As such, I don’t mind sprinkling a little speculative funds across some of the cannabis stocks with the best looking technicals and/or fundamentals.

        My guess is that the next recession will be a long one and one by one, we’ll start to see additional states legalizing marijuana, either for medical and/or recreational use, as they desperately look for to ways to replace falling tax revenues. I welcome any additional trade ideas in the sector from anyone that follows the cannabis stocks or comes across any articles mentioning some promising companies.

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        • joefriday September 20, 2016 12:43 pm at 12:43 pm

          Agree 100% with that Randy…

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      • Shambo September 20, 2016 1:15 pm at 1:15 pm

        its on the ballot in MA also this year.

        1+

    • joefriday September 20, 2016 12:12 pm at 12:12 pm
  2. rsotc September 20, 2016 2:17 pm at 2:17 pm

    GRNH now trading just below the 0.05 breakout level. Watching for a pop over 0.05 on above average volume.

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