Last week in "Buy WEED When There Is Blood On The Streets" we disclosed that we went long on Canopy Growth Corporation (TWMJF) (WEED.TO). When it popped over $30 it hit our target, but we quickly reloaded on the dip from there as disclosed in "Going For A Second Round On WEED" on Wednesday. The stock in Canada finished strong on Friday with a price of $28.17 at close. Despite a dip so far this week, we believe it will be strong with a $35 target in our article "WEED Target $35 And Top Canadian Microcap Pick" and are more convinced of this than ever after excellent financial results. If you like our picks make sure to follow our blog by clicking the follow button on the top of the left hand panel. We are up to 456 followers despite not giving out a lot of alerts, a fact that we think is indicative of a diligent and prudent stock picking history. If you would like to share this blog, make sure to use the URL "nasdaqnewsreports.blogspot.mx" as certain spam filters on social media don't let you post blogspot.com addresses.
Canopy reported third quarter financial results this morning. The numbers are excellent, with record revenue in Canada, record revenue in Germany, average selling price increased and average cost down:
The end result was an EPS of $0.01, reversing the slight loss in EPS seen for the first six months of the fiscal year. The stock is trading very strong in the pre-market, as one would expect. Once WEED gets into the low $30's, we recommend traders take small amounts of profits just to be safe, but the stock looks like it will head at least to $35 in the short term, perhaps even by the end of this week. After the stock dipped below its 50-day MA, it suckered in a lot of shorts just in time for two long white candles and a mini-squeeze last Wednesday. This activity falls in line with our "bear bubble" comment made in the article from over a week ago. The stock violently moved up on a short squeeze as the bear bubble burst as quickly as it moved down from over $40 as the bull bubble burst. The stock looked like it was struggling with the 50-day MA over the past couple of days, but with these financial results look like it will smash through that today based on pre-market bids and asks.
Top Microcap pick: Fintech Select (SLXXF) (FTEC.V)
Fintech Select is creating a network of thousands of cryptocurrency point of sales locations across Canada. Several of them are up and running already which can be seen at selectcoin.io. The company is paying off old debts, including a big one announced on Monday at a discount and increasing revenue in its existing fintech businesses as well as trying to get into this new business. For all the good stuff that it is doing, it is trading at a very low market cap. SLXXF isn't very liquid but FTEC saw some very aggressive buying at the end of Friday but still only has a $15 million market cap in Canada.
FTEC had a full retracement of its stock price from $0.60 all the way down to $0.18, but has bounced back strong, led by the large white candle on February 6th that looks like it signifies a bottom. You can take a bit of profits on the way up, but we think that this stock returns to $0.60 in Canada reasonably soon.
Disclosure: We are long stocks listed in this report.
Despite a recent pullback, Bitcoin has gone from a concept worth pennies a few years ago to worth thousands of dollars. It may appear to some who are late to the game that the opportunity to get rich is gone. However, there are still plenty of ways to make some money trading in bitcoin and other cryptocurrency. Here are some links to valuable reports and strategies:
The Cryptocurrency Codex from the Cryptocurrency Institute
Secrets To Unlimited Free Bitcoin
The Crypto-Currency Evolution eBook
Bitcoin Complete Guide for Dummies
The Bitcoin Miracle Guide
The Bitcoin Cheat Code Book
The Crpytocurrency Course
Bitcoin Investing Live
If you're interested in making money investing or trading the stock market, here are some good resources to assist you. This includes technical analysis, investing in the weed sector, dividend stock investing, gold and commodities, sector rotation, options trading and microcap trading strategies.
Microcap Millionaires Free Video: Cheap Gold Miner Set to Soar in Fall 2017
The dividend stock report from dividendstocksonline.com
Canopy reported third quarter financial results this morning. The numbers are excellent, with record revenue in Canada, record revenue in Germany, average selling price increased and average cost down:
The end result was an EPS of $0.01, reversing the slight loss in EPS seen for the first six months of the fiscal year. The stock is trading very strong in the pre-market, as one would expect. Once WEED gets into the low $30's, we recommend traders take small amounts of profits just to be safe, but the stock looks like it will head at least to $35 in the short term, perhaps even by the end of this week. After the stock dipped below its 50-day MA, it suckered in a lot of shorts just in time for two long white candles and a mini-squeeze last Wednesday. This activity falls in line with our "bear bubble" comment made in the article from over a week ago. The stock violently moved up on a short squeeze as the bear bubble burst as quickly as it moved down from over $40 as the bull bubble burst. The stock looked like it was struggling with the 50-day MA over the past couple of days, but with these financial results look like it will smash through that today based on pre-market bids and asks.
Top Microcap pick: Fintech Select (SLXXF) (FTEC.V)
Fintech Select is creating a network of thousands of cryptocurrency point of sales locations across Canada. Several of them are up and running already which can be seen at selectcoin.io. The company is paying off old debts, including a big one announced on Monday at a discount and increasing revenue in its existing fintech businesses as well as trying to get into this new business. For all the good stuff that it is doing, it is trading at a very low market cap. SLXXF isn't very liquid but FTEC saw some very aggressive buying at the end of Friday but still only has a $15 million market cap in Canada.
FTEC had a full retracement of its stock price from $0.60 all the way down to $0.18, but has bounced back strong, led by the large white candle on February 6th that looks like it signifies a bottom. You can take a bit of profits on the way up, but we think that this stock returns to $0.60 in Canada reasonably soon.
Disclosure: We are long stocks listed in this report.
Despite a recent pullback, Bitcoin has gone from a concept worth pennies a few years ago to worth thousands of dollars. It may appear to some who are late to the game that the opportunity to get rich is gone. However, there are still plenty of ways to make some money trading in bitcoin and other cryptocurrency. Here are some links to valuable reports and strategies:
The Cryptocurrency Codex from the Cryptocurrency Institute
Secrets To Unlimited Free Bitcoin
The Crypto-Currency Evolution eBook
Bitcoin Complete Guide for Dummies
The Bitcoin Miracle Guide
The Bitcoin Cheat Code Book
The Crpytocurrency Course
Bitcoin Investing Live
If you're interested in making money investing or trading the stock market, here are some good resources to assist you. This includes technical analysis, investing in the weed sector, dividend stock investing, gold and commodities, sector rotation, options trading and microcap trading strategies.
Microcap Millionaires Free Video: Cheap Gold Miner Set to Soar in Fall 2017
The dividend stock report from dividendstocksonline.com
The dividend stock report from Dividend Stocks Rock
Top rated signals for binary options from binaryoptionsprosignals.com
Goldmasterinvesting.com Ocean Of Gold Report for the top 15 gold mining companies
Trader Review shows how to time the market with its "Percent of X" indicator
The Trader's Academy Club
The Wealth Builder's Club from beatthemarketanalyzer.com
MyBB: A Forum For Investors and Traders
Spartan Trader Forex Academy Live Daily Trading Room
Try the Z Code System if you're looking for other ways to make money systematically outside of the stock market.
Top rated signals for binary options from binaryoptionsprosignals.com
Goldmasterinvesting.com Ocean Of Gold Report for the top 15 gold mining companies
Trader Review shows how to time the market with its "Percent of X" indicator
The Trader's Academy Club
The Wealth Builder's Club from beatthemarketanalyzer.com
MyBB: A Forum For Investors and Traders
Spartan Trader Forex Academy Live Daily Trading Room
Try the Z Code System if you're looking for other ways to make money systematically outside of the stock market.
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