This $2 Marijuana Stock
on the Verge of Breakout?
Marijuana stocks have been booming. In fact, they are one of the best performers this year. We’re believers in the classic “buy on rumor, sell on news” mantra when it comes to stocks. The rumor right now about marijuana stocks is regarding the nation-wide legalization of marijuana and the prospects of a recreational market. And the news is the actual announcement from the government outlining the details surrounding this new segment of the economy. As long as we are in the rumor phase of this equation, the bull market in marijuana stocks is set to continue, driven by speculation.
One marijuana stock we’ve been following and that we’ve been positive on has already moved from $0.30 to $2.00, and we think it’s going a lot higher.
You can learn all about this $2 marijuana stock in a special hot-off-the-press investor research report we’ve prepared called, This Marijuana Stock on the Verge of Breakout? It’s yours FREE when you opt in for our FREE tech investing e-letter, Profit Confidential.<
Every investor has a story about the big one that got away. Consider Amazon.com. It was both a “top dog” and a first mover in e-commerce. If you had invested just $10,000 in the online retailer back in 1997, your stake would be worth more than $4.0 million today. Amazon is hardly an exception. The list of the stock market’s greatest all-time winners is filled with pioneering companies:
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George Leong is a senior editor and analyst at Lombardi Financial. He has been involved in analyzing the stock markets for two decades, employing both fundamental and technical analysis. His overall market timing and trading knowledge are extensive in the areas of small-cap research and options trading.
George is the editor of several of Lombardi Financial’s popular financial newsletters, including Red-Hot Small-Caps, Lombardi’s Special Situations, Obscene Profits, Pennies to Millions, and 100% Letter. He is also the editor-in-chief of a daily web newsletter called Daily Profits.
In the past, George has written technical and fundamental columns for numerous stock market news web sites, and he is the author of two books, Quick Wealth Options Strategy and Mastering 7 Proven Options Strategies. Prior to starting with Lombardi Financial, George was employed as a financial analyst with Globe Information Services.
Gaurav S. Iyer is a research analyst and editor at Lombardi Financial. He currently writes for Profit Confidential where he focuses on macroeconomics and capital markets.
His previous work has garnered wide acclaim, appearing in major publications such as the Motley Fool, Yahoo Finance, Canadian Business, and The Economist. He has a knack for looking past the surface movements of markets to the underlying causes, giving him a keen eye for spotting under-priced stocks.
Iyer is a fundamental analyst. He looks to understand a company’s business model and its position within an industry.
Patrick Brik is a research analyst and editor at Lombardi Financial. His investment philosophy is based on merging fundamental and technical analysis in an effort to produce timely and actionable investment ideas.
Patrick has accumulated 18 years of trading experience, which include 13 years of private wealth management at Nesbitt Burns. Patrick is a graduate of York University’s business program and is currently pursuing his CFA and CMT designation.
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Stephen Karmazyn is a writer for Profit Confidential, where he focuses on reporting breaking news in the technology and emerging industries.
Throughout his career as a journalist, Stephen has written on tech for a variety of publications, including The Financial Post, The Globe and Mail, and The Ottawa Business Journal. He served as the web editor for Techopia, a tech-centered newsblog focused on emerging start-up companies.
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