QUICK REPORT ON THE FAST TRADES FOR OUR TRADERS

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MYMMF–  Bought at 42 cents

MYMMF –  Hit $1.26 today.

Do we have another set up similar to this and the other ones?   Yes, I believe we do…

For those that have been following my thoughts on some of these Canadian Medical Marijuana stocks, they are on fire. Canada is in the process of legalizing this industry and growth is happening fast.  In the U.S. , this sector took a bit of a slow down when Jeff Sessions became attorney general and publicly let it be known that he is opposed to legalized medical Marijuana.  Do not let that make you think that this entire sector has been adversely affected.    As I have mentioned before- Canadian MJ stocks have been ON FIRE.

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I have mentioned many of these in the comments section, and also in recent reports with plenty of different charts  ( a few will be re-posted  below).  I was really pounding the drum on MYMMF over the last 3 weeks, because of the research that I had done.  Many Canadian MJ stocks were setting up very bullishly,  and the growth potential that this MYMMF company has in the sector was hitting the news.   I recommended it  in recent reports with OGRMF and APHQF.  It is up 200% since I bought it days ago.

MYMMF NOV 7th

MYMMF NOV 8th

MYMMF TODAY

I also mentioned TWMJF, ACBFF, & MEDFF as companies that would move well and TWMJF & MEDFF were mentioned in the comments by JT – he was trading them. I missed the bigger moves in TWMJF & MEDFF, but learned a lesson about selling these too early.

ACBFF when it was mentioned in September in my report at $2.29 and about to break out.

ACBFF breaking out last week- AND IT HIT $4.25 today!  DO NOT SELL THE BREAK OUT ON THESE  ( And OGRMF  & APHQF are breaking out now , if you own them).

I have also been pushing  OGRMF and APHQF as ones that are about to break out and I think that once they do, they will run strongly too.

OGRMF was in my September report here, under $2.

OGRMF –  I said that I was accumulating it here too, in this sideways craw, around the $2.20 – $2.33 area

OGRMF –  And today at  $2.68 , it is breaking out. This is often where the crazy run starts-  as they break out, so IF YOU FOLLOWED ME INTO THIS TRADE,  hold it.  You can also start a position on a break out, but you may want to just sell in a day or two as a scalp, because these can run up 20-50% per day and this one may do that too.  From there-  you just need to take profit rather than guess what it will do next.

OGRMF –  AS I WAS WRITING, THIS STARTED CLIMBING FASTER, NOW AT $2.86.  This could run to $6 easily  IF IT DOES WHAT THE OTHERS HAVE DONE, BUT THAT IS NOT A TARGET OT A GUARANTEE. It is just obvious that these are under strong accumulation.

The big question, “ARE THERE ANY THAT HAVE NOT BROKEN OUT YET, BUT LOOK GOOD TOO?”

SPRWF

I bought this last week, but based ONLY on this chart.  I wanted to do a little research this weekend before recommending, to see if it was Mainly in Canada and looked similar to the others.  It does.

SPRWF–   It does seem quite similar, so I would say that this set up may be the next one to go higher. This is the close up set up.  It is bullish.  …

SPRWF daily bigger picture  This could break out and really get going, based on the way it ran in 2016. This is a long consolidation and the sector is on fire. Could this run from $1 to $2?  In this sector, that would be easy to do, barring any bad news. It may even run further.

SPRWF WEEKLY – The weekly set up shows price moving above the 50ma after tagging or back testing the consolidation channel.

SO PLEASE–  this is not a guarantee, this is not a ‘Get Rich Quick”  revenge trade, where we throw all of our money on this to make 100% gains.   There could be a news release that hurts them, so keep positions reasonable.

 It is a sector that is doing Excellent. It is an area that I have been trading for weeks now, and it took some patience for OGRMF  and APHQF  to get going. So SPRWF may start to run immediately,  it may stall, it may drop for a day or two & then go-  I do not know.  I bought it last week because the chart looks ready to break out, and as of today,  it is higher but still has not ‘broken out’.   When these break out to new highs, they often have no resistance and do run quickly.

I think that SPRWF, ( and even  OGRMF & APHQF)  Are still o.k. to buy  SPRWF  has not taken off yet.  –  MYMFF is obviously very extended now. I actually took some pure profit from my MYMMF trade and added it to my SPRWF position this a.m.

These trades may not be for everybody.  They are a bit like BITCOIN – they are speculating on future potential and are being accumulated strongly right now.  They do move quickly and when I was in OGRMF and APHQF – they did have down days of 5 – 7%, but that is long gone now.

BE SAFE, be reasonable, do not trade more than you are willing to lose.  For those that do not like FAST TRADES,  ignore this report entirely, and just focus on the weekend report and our longer term goals and potential.

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~ALEX