This $2 Marijuana Penny Stock
on the Verge of Breakout?
Marijuana stocks have been booming. In the fact, they are one of the stock market’s best performing sectors. We’re believers in the classic “buy on rumor, sell on news” mantra when it comes to stocks. Many marijuana stocks have soared because of the news around the nationwide legalization of marijuana (for personal use) in Canada. In the U.S., rumors keep churning of even more states legalizing marijuana. Seven states have legalized marijuana for recreational use in some form and the rumor is more states will follow. 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 penny 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 penny stock in a special hot-off-the-press investor research report we’ve prepared called, This Marijuana Penny 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:
Amgen…eBay…Oracle…Google…Netflix…Apple…Qualcomm…Facebook…and more. These innovative firms all made fortunes for their early investors. Finding the next great tech company is our main goal at Profit Confidential. Since 1986, our firm has been dedicated to helping investors earn superior returns through unbiased financial research. We strive to deliver our reader thorough analyses of current tech trends, events, and investment opportunities in this daily bulletin. Combined, we have more than 100 years of experience in analyzing various investment markets. Our analysts include MBAs, BAs, B.Comms, P. Engs, MAs, and LLBs. Get our opinions and forecast coming to you daily when you opt in for Profit Confidential now!
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.
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.
Mukta is Head of Profit Confidential’s South Asia Newsroom. Mukta has worked as Finance faculty with Indira School of Business Studies. Mukta, along with Dr. B.V. Sangvikar, is author of Banking on Intellectual Capital. Mukta has also presented her paper on intellectual capital titled Intellectual Capital Management as Risk Management at Arcada University of Applied Sciences, Helsinki, Finland.
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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