It’s 4/20! Does that mean weed stocks will blaze up? To be honest, I think people care a lot more about Dogecoin than weed stocks today. But I’m willing to be surprised...
Here’s what’s going on today…
Liquid Media Group Ltd. (NASDAQ: YVR) is an NFT (non-fungible token) play with an early-morning press release. It’s low float and a previous runner. It’s definitely a contender for day trading. But I warn about the serious ongoing concerns with sketchy stocks like this…
A weed stock for 4/20? Sure. A lot of followers asked about Sundial Growers Inc. (NASDAQ: SNDL). There’s promise here. As of the Pre-Market Prep session, I was hoping it might break the high of the day after 9:45 a.m. Learn from plays like this for the future...
I’ve said it before. I’ll probably say it again. Never go long on obesity plays! Especially when it’s a balloon you can swallow to control weight. I’m extremely wary of Obalon Therapeutics Inc. (NASDAQ: OBLN). Plays like this just never seem to work!
I love Fisker Inc. (NYSE: FSR) and I love electric vehicle (EV) plays. Nonetheless, now’s not the time for them. I don’t like the EV dead cat bounces we’re currently seeing. I do think that EVs will be back, but we need a catalyst. Elon, can you hear me?
Thank you, StocksToTrade Breaking News Chat (Link in the P.S.) … News broke yesterday about 22nd Century Group Inc. (NYSEAMERICAN: XXII) related to nicotine reduction. Tune in to see what I’m watching for.
Talk about a recipe for a squeeze! Clover Health Investments Corp. (NASDAQ: CLOV) has a lot going on behind the scenes. WallStreetBets is pumping it as a high-short interest squeeze idea. At the same time, there are also Twitter short sellers trying to outsmart them. I talk about approaches to a unique play like this...
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