My thoughts on the MJ market in general - Everything has taken a beating recently. With few exceptions, prices have been knocked down to the levels they were two to three months ago. That means that everything is on sale but like anything else, you want to get a bargain and not just something that is cheap. -- suggest that you watch to see which companies are the first to start their rebound when the sector turns around. In general, these are the strongest stocks in the sector and are known as the best in breed, think Apple in the tech sector.
ERBB - Today is the make or break day for erbb IMO. I expect it will have a great day but we shall soon see. Long and Strong.
HEMP - The floor dropped out on HEMP and gave a good entry in the .07
range. I bought some when it hit .09 a few days ago thinking it could
hold up but I was wrong. Today was a monster day however and I am back
in the green where it closed at .10. Where we go from here is a bit
tricky but I can't help but think it's time for HEMP to step up again
head north. I'll play it as it goes and sell on weakness or a reversal
sign. But however you look at HEMP, anything under 10 cents looked like a
bargain to me.
DEWM - Like almost everything, DEWM is on sale and I think it's a great buy at anything under a penny for a short to mid term play.
PZOO - Did test the 8 day Friday and even closed below it a bit. With this dramatic of a pullback, I would wait for an obvious reversal sign before I get back in. I expect it to go back up soon but the market has been too bad for me to trust it after a day like Friday.
TTDZ - Is raging back after bouncing off the 20 day. I'm not sure how to play this one but I'm guessing it will be putting in new highs very soon.
FITX - is continuing it's fire sale with anther down day. It's getting very close to the level where it would be hard to pass up. I'm going to go out on a limb and predict a bounce in the .05 range which in my estimation would be a good entry point.
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