CANNABIS SECTOR UPDATE AS BROAD MARKET CLOSE TO VIOLENT REVERSAL...

originally published Wednesday, January 24, 2018

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All Marijuana stocks

The broad stockmarket is now insanely overbought at what may be the top of its parabolic spike. A violent reversal could soon occur. As you know we have bought a range of cannabis stocks in recent days in expectation of renewed advance. We have seen a breakout by the sector, but it has been insipid with volume weak in many stocks. Thus it looks like they could turn tail and drop hard if the broad market now drops hard as it could very soon. For this reason it is considered prudent to liquidate them, and if you get this message in time today, before today’s close, failing that tomorrow morning. We have gains in most of them, slight gains in many, worthwhile gains in some of them and a massive gain in Freedom Leaf (FRLF), which we only bought on Monday morning.

The idea is this – Step 1: head for safety, Step 2: redeploy into the Precious Metals sector which is set to soar as the dollar craters.

End of update - more on this theme later.


Posted at 3.45 pm EST on 24th January 18.

The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stockmarket analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.