Comments on: MJ Cannabis ETF Analysis & Price Targets

By: rsotc

rsotc — Wed, 16 Oct 2019 13:16:39 +0000

FYI- CTST, the last stock covered in yesterday’s video on the Specialty & Generic Drug stocks, has already hit the first target (1.61) in pre-market today for a quick 17% gain.

By: rsotc

rsotc — Wed, 16 Oct 2019 13:14:36 +0000

In reply to Frankie3. Agreed. Should MJ breakout soon, as I suspect it will, I would also expect the rally to be fairly strong & swift due to short-covering. As such, one might opt to go with near or next month expirations with OTM calls on MJ and/or some of the individual pot stocks that stand out as those relatively cheap options should give the most bang for your buck (although paired trades that minimize & quantify the loss on a pair trade carries much less risk than naked call buying). Best of luck if you take any.

By: jd_rock

jd_rock — Tue, 15 Oct 2019 21:13:12 +0000

In reply to Frankie3. I'm shopping the ACB calls with a Spring expire.

By: Frankie3

Frankie3 — Tue, 15 Oct 2019 20:27:07 +0000

Thank you! this is an option trade that i can follow through with

By: rsotc

rsotc — Tue, 15 Oct 2019 19:53:24 +0000

In reply to stock51. Y.W. MJ has been pushing up against the 19.64ish level nearly all day on the 1-minute chart so maybe an impulsive pop above that level tomorrow to spark a rally that takes out the 19.86 60m R plus the downtrend line on the daily chart.

By: stock51

stock51 — Tue, 15 Oct 2019 19:21:39 +0000

Thanks