There is a big opportunity in marijuana stocks. Millions will be made.
There is high risk in individual marijuana stocks. For those who do not want to take high risk, a better way is to use an ETF. If you acted on the Arora signal to buy marijuana ETF ETFMG Alternative Harvest (MJ) you would have had a 45% gain in less than a month. Here is the post from ZYX Global Multi Asset Allocation Alert from yesterday.
Less than a month ago marijuana ETF MJ was added to the portfolio. Those who bought when the signal was first given would have an average entry price of around $16.21. MJ is trading at $23.53 as of this writing. This represents a gain of 45% in less than a month.
The big move up today is due to a buyout of GWPH. As full disclosure, GWPH is in the Marijuana Model Portfolio in ZYX Buy. For your information, the post on GWPH buyout from ZYX Buy is reproduced below.
The move up in the marijuana ETF MJ is non-sensical. The reason for the non-sensical move is that the momo crowd does not understand what just happened and they are blindly buying.
GWPH is a pharmaceutical company that uses cannabinoids for an epilepsy drug that is FDA approved. The buyer is a biotech company. This is a very different business compared to selling marijuana to the masses.
Historically, such up moves tend to reverse because smart money takes advantage of the momo crowd and starts selling, including short selling into the strength.
In view of the up move, for those following the Good Way, the Buy Now rating is being changed to ‘NO.’
For those following the Best Way, the new buy zone is $16.02 to $18.88.
What To Do Now
Those who do not mind some trading may consider taking partial profits or full profits based on personal preference in the zone of $23.18 to $25.38.
Those who do not like trading and are holding for the very long term may consider continuing to hold.
SIGNAL: CONGRATULATIONS! MARIJUANA STOCK GWPH GETS A BUYOUT OFFER WITH A 50% PREMIUM OVER CLOSING PRICE
The buy zone has now been suspended. There is a small probability of a higher offer.
JAZZ becomes 160th company in The Arora Report portfolio to receive a buyout offer.
What To Do Now
Those with small accounts may consider taking the profits. The stock is trading at $214.20 as of this writing.
Those with large accounts and able to take some risk may consider continuing to hold.
Those not in GWPH may focus on other stocks in the marijuana portfolio. We are also about to publish a new signal on a sympathy play.
Those serious about making money in marijuana may consider attending the marijuana seminar MAKE MILLIONS IN MARIJUANA — ALBEIT CAREFULLY. Those who have attended the seminar have made significantly more profits compared to those who have not.
To take a free 30-day trial to paid services to gain access to more opportunities, please click here.
This post was published on ZYX Global Multi Asset Allocation Alert.
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