Potheads Sell the News

Canada went full frontally legal last Wednesday and the day before they ramped the Pot sector and began dumping it into the news. They are still selling it.

I dwelled a bit with CVSI before selling it on Friday because its chart had held up nicely. But as the sector began groaning I had to make a decision, and it was not a particularly easy one. Be an investor or don’t be greedy and take another good profit and hope CV’s news cycle does not leave me behind? I chose Thing 2 and obviously have no regrets as it’s down 10% today.

Now comes another question; is the Pot bubble over or just getting a rightful hammering? If it’s Thing 2 CVSI is technically at a buy area anywhere above a higher low to the last low at 4.

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