MARIJUANA INVESTORS GOT BURNED BY PEPSI — HOW TO AVOID THIS MISTAKE IN THE FUTURE $STZ $TLRY $CGC $IGC $NBEV $KO $CRON $PEP $DEO $BUD $TAP
The marijuana momo (momentum) crowd was excited about PepsiCo reporting its earnings and perhaps giving hints about entering a new market. But then they got burned. Why?
My purpose of writing this column is to help marijuana investors avoid this kind of mistake.
Let’s start by exploring with the help of two charts.
Charts
Please click here for an annotated chart of New Age Beverages NBEV.
Please click here for the annotated chart of India Globalization Capital IGC.
Those two stocks are the favorites of the momo crowd interested in marijuana drinks. For the sake of complete transparency, those are exactly the same charts without any changes that were previously published at the time of Pepsi PEP releasing its earnings.… Please click here or the title below to read more.