Oh Man, It’s Too Easy (Planet 13 Edition)

Planet 13 explodes after purchase

The title’s statement is not made with any sort of bravado whatsoever. Quite the contrary.

Per a Feb. 2nd Trade Log entry..

  • Bought back formerly held PLNHF, which has hopefully digested its latest financing on the consolidation to just below the SMA 50.

I had taken a big profit previously, not liking what I viewed as chronic bought deal financing. But then I bought the tick below the SMA 50 because my other Pot stocks were all screaming higher and well, let’s give it a shot. Now 8 days later it is +51%.

I don’t know about you but I know for a fact that I am not this smart. Therefore I took the quick profit on a partial position and will let the rest ride for a bit. Profit taking is easier in the tax unencumbered Roth IRA where this is held.

The bubble is probably making less experienced people feel like they are smart for real. But I learned how dumb I can be in a past filled with rich experiences.

planet 13, plnhf

For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed interim market updates and NFTRH+ dynamic updates and chart/trade setup ideas. You can also keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter @NFTRHgt.