[BLPG comments below.] A quick
[BLPG comments below.] A quick note about the SURN and CNAB bounce setups I described during yesterday”s Livestox (one initiated by me, and the other in response to a chart analysis request)… Their strength today is appropriate, but their volume is lacking. The problem may be related to this being a Friday, so be aware of that performance stipulation when considering whether to hold-long through the weekend, or whether even to buy.
Also, there was an interesting question about what stocks might do better in case the Schedule 1 question now being considered were resolved favorably to the cannabis industry. My response is here, but there”s a follow-up question on the Activity Feed looking for subscriber input that I hope you”ll check out…
Which stocks stand to benefit most would be based mostly on how much their models depend on the scheduling. For example, is that as much an issue to pharmaceuticals as it is to dispensaries? Also, what would a favorable ruling do to BLPG — how much does its competitive edge depend on essentially having exclusivity to the market, which would melt away if Federally chartered banks were suddenly no longer inhibited from taking cannabis deposits? None of which is a charting or technical analysis consideration. Maybe BLPG long could be considered a hedge against an otherwise unfavorable ruling.
