Happy Monday everyone! Today was a great day for me as I surpassed $3500 in profits thanks to TRTC. I’m hoping I can add to those profits tomorrow on the short side as I took a short position late in the day as it failed to breakout above $0.60 on several occasions throughout the day. All the MJ stocks were on fire today (including my small CBIS position) with 4/20 around the corner. I don’t know how long this will last but they will all be in play for a few weeks so they’re all worth throwing on your watch list moving forward. On that note, time to spark a J and watch The Voice with my lady….for those of you watching, who do you think wins? See you all on Twitter manana!

 

https://www.instagram.com/hammertimetrading/

https://twitter.com/HammerTTrading

http://profit.ly/guru/timothysykes?aff=6394

http://profit.ly/store/info/169?aff=6394 

http://profit.ly/store/info/161?aff=6394 

 

#Hammertime

 

 

TRTC – This was beast today. I sold wayyy too early here locking in profits at $0.49 and $0.51 for a $350 win. I also rebought this for a small $75 win even though I was chasing and got lucky. Towards the close, I actually shorted this at $0.585 with the hopes of this finally giving up tomorrow. I know the so called “holiday” is in 2 days and all these MJ stocks are rallying with the anticipation of some sort of news, but the chances these stay up are slim. I’ve actually gone back the past few years and the whole sector actually falls on and after 4/20. I’m going to be careful here with this short though because it can easily keep up the momentum. Out of all the stocks, this seems to be towards the end of it’s run being that it’s on day 5ish of this runup.

 

CBIS – Low volume still but it had a nice day getting up to $0.021 and holding its gains. I’m still holding my small position here as I have this at support and I’m hoping maybe this rallies tomorrow like GRNH and CANN have been the past few days. I wouldn’t recommend buying this unless it get under $0.02 or if it really starts breaking out with a lot of volume.

 

GRNH, CANN – Big winners here today with anticipation of 4/20 around the corner and the possible reschedule by the DEA. CANN has been rallying for a few weeks (I was in at $0.53!) and could be crashing sometime soon. I would however be very careful shorting any of these since there is a lot of hype right now in the sector and with the DEA announcement, it could possibly be huge and all these can spike back to the highs from 2014.

 

TGD – Ever since this broke out above $0.30, it’s been a monster. Not much resistance left here until $0.70ish. I may invest a smaller position here with the hope of this almost doubling and getting to the $0.70 range. However, when this was at $0.10 and I bought with the hope it got to $0.30, it took 3 months! So I’m not going to get my hopes up here and if it’s not really doing what I’d like after a week or two, I’d get out….Lets just see how this goes tomorrow. I want to get in at the right price…closer to $0.32-$0.34.

 

STEM – Not a huge fan of this chart however it is pretty much as low as this has been and I don’t see much downside here. If this can really breakout past $0.30, it can definitely run another 25% of so. Remember, $0.30 was support prior to cracking, so if it can breakout, maybe it becomes support again. I wont buy this unless it breaks out above $0.30. The did present positive phase 2 results for chronic cervical spinal cord injury. So that can possibly push this up…just something to watch…not necessarily a buy. Follow me on twitter for updates.

 

CYTX – This is a nice little chart. This hasn’t had any big green candles but I wouldn’t be surprised to see this get back to $0.40-$0.50 in the next week or 2. The reason for the move today was because they added patents to their portfolio in Japan and Europe. This would be a swing trade for me if anything just because the lack of “spikabilty” intraday. Something to keep an eye

 

 

 

 

Also on radar: AVXL, VLTC, AQXP