Money is to be made in marijuana stocks in the long term. However, markets are not simple. Investors need expert guidance. Not only investors are not getting the needed guidance, they are getting burned by supposed gurus. Read on for the proof. Let’s start with two charts. Two charts Please click here[1] for an annotated chart of marijuana stock Canopy Growth
CGC, -1.75%[2]
Please click here[3] for an annotated chart of marijuana stock Neptune Technologies
NEPT, -3.28%[4]
Please note the following from the charts: • Canopy Growth stock ran up on excitement about the legalization of marijuana in Canada, and many gurus are urging investors to buy this stock as a once-in-a-lifetime opportunity. • The Arora Report made a negative call on Canopy Growth near the high when most gurus were pounding the table to buy marijuana stocks. I received some hate mail but nothing like when I gave a signal to sell the gold ETF
GLD, -0.85%[5]
and silver ETF
SLV, -1.71%[6]
at their highs. Please see “Investors are making stoner moves by buying marijuana stocks at the wrong time[7].” • Neptune Technologies ran up on excitement over a deal with Canopy Growth. • The chart shows that The Arora Report not only made a negative call, but short-sold Neptune Technologies near the highs. • Both Canopy Growth and Neptune Technologies have significantly fallen since The Arora Report’s negative calls. • The charts show that the smart money (professional investors) was selling near the highs. • When The Arora Report gives a signal, it almost always simultaneously gives a target zone ahead of time to take profits. The chart shows that the first target zone for taking profits has already been hit. Similar price action has occurred in other popular cannabis stocks such as Cronos Group
CRON, -0.54%[8]
and Aurora Cannabis
ACBFF, -0.80%[9]
Ask Arora: Nigam Arora answers your questions about investing in stocks, ETFs, bonds, gold... To make money on marijuana stocks, buy when the buzz is over
- Category: Economics
Money is to be made in marijuana stocks in the long term. However, markets are not simple. Investors need expert guidance. Not only investors are not getting the needed guidance, they are getting burned by supposed gurus. Read on for the proof. Let’s start with two charts. Two charts Please click here[1] for an annotated chart of marijuana stock Canopy Growth
CGC, -1.75%[2]
Please click here[3] for an annotated chart of marijuana stock Neptune Technologies
NEPT, -3.28%[4]
Please note the following from the charts: • Canopy Growth stock ran up on excitement about the legalization of marijuana in Canada, and many gurus are urging investors to buy this stock as a once-in-a-lifetime opportunity. • The Arora Report made a negative call on Canopy Growth near the high when most gurus were pounding the table to buy marijuana stocks. I received some hate mail but nothing like when I gave a signal to sell the gold ETF
GLD, -0.85%[5]
and silver ETF
SLV, -1.71%[6]
at their highs. Please see “Investors are making stoner moves by buying marijuana stocks at the wrong time[7].” • Neptune Technologies ran up on excitement over a deal with Canopy Growth. • The chart shows that The Arora Report not only made a negative call, but short-sold Neptune Technologies near the highs. • Both Canopy Growth and Neptune Technologies have significantly fallen since The Arora Report’s negative calls. • The charts show that the smart money (professional investors) was selling near the highs. • When The Arora Report gives a signal, it almost always simultaneously gives a target zone ahead of time to take profits. The chart shows that the first target zone for taking profits has already been hit. Similar price action has occurred in other popular cannabis stocks such as Cronos Group
CRON, -0.54%[8]
and Aurora Cannabis
ACBFF, -0.80%[9]
Ask Arora: Nigam Arora answers your questions about investing in stocks, ETFs, bonds, gold...