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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