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Highs in the weed patch


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#1 diogenes227

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Posted 15 January 2019 - 07:02 PM

From the link:

 

 

...TLRY had gained 37% until it was knocked down to a “mere” 13% gain in today’s action.

 

That hit on TLRY today is why I bring all this up now.

 

There is speculation TLRY’s drop was caused by fear that an expiration of the lock-up period on IPO insiders would bring on selling, a self-fulfilling prophesy if ever there was one but then most moves in the market usually are. With the exception of GWPH, the granddaddy stock in the sector, the rest of the stocks took hits in one way or another today along with TLRY.

 

It was on some news, profit-taking, whatever, but it was a hit in the leading sector on a market up day. That is an alert.

 

For more extensive comments and a chart panel:

 

MARIJUANA STOCKS - Highs in the weed stocks


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#2 darnelds

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Posted 16 January 2019 - 11:21 AM

Nice work.  Thanks for posting.