Tuesday, February 10, 2015
5 Canadian Marijuana Stocks With Recommended Entry Prices Feb. 10, 2015 2:33 AM ET | Includes: BLOZF, BNRDF, LXRP, MQPXF, OGRMF Disclosure: The author is long BLOZF. (More...) Summary I am providing some entry prices for 5 Canadian marijuana stocks previously examined. There is no horrible rush on most of these, as August 2016, preceding the November 2016 ballot measures for “recreational” marijuana use, is the target date to be “holding.”. There are more than 100 other U.S.-based marijuana stocks, not included or examined in this article, so there are many opportunities to participate in a positive sector move. In all cases, you might consider “averaging down,” as opportunities present themselves, and this may involve selling on upside over-reactions and buying back later. Some other, generic observations are included to assist you in trading these and other stocks. The Most Important Event Dates to Focus On Entry should occur and be established on or before August 2016, prior to the likely November 2016 ballot measures that should result in a significant expansion of the U.S. market for "recreational" marijuana. I am interested in favorable "positioning" prior to these early November 2016 ballot measures. Therefore, I have plenty of time to buy. The Over-Riding Fundamental to Focus On I want to buy at a price per share that is below that enjoyed by insiders and those able to buy at private placement prices. This reduces my risk. I like reducing my risk. If I cannot buy a stock at a favorable price, I will "walk away." There are other stocks and other opportunities. I will not "chase" the stock for a long-term buy-and-hold and want to avoid those securities with "toxic convertibles" or "death spiral" financing. The 5 Canadian Stocks with Recommended Entry Prices Below are the 5 Canadian marijuana firms, cross-listed on both Canadian and U.S. exchanges, from my earlier Seeking Alpha article "watch list": Name U.S. Symbol Notes Bedrocan Cannabis Corp. (OTC:BNRDF) < $0.60 Canadian Cannabix Technologies, Inc. (OTCPK:BLOZF) Marijuana Breathalyzer Lexaria Corp. (OTCQB:LXRP) Marijuana tea; market infancy? Matica Enterprises, Inc. (OTCPK:MQPXF) Trading at private placement price OrganiGram Holdings, Inc. (OTCQB:OGRMF) Favorable placement/borrowings In this installment, I am using the OTCMarkets website to initiate research. #1 - Bedrocan Cannabis Corporation (formerly POCML 2 Inc.) Below is the 1 year chart from the OTCMarkets website: (click to enlarge) This firm has an ugly chart with respect to price per share, but a positive working capital position. I would guess that most of the "bag holders" dumped, late last year, for tax loss selling purposes. The financials are not quickly and easily accessed on the firm's website. I do not like this and it makes me mistrustful. They are publicly traded, accessing U.S. capital markets, and should take the time to make it effortless for investors to access this data. My time has economic value, and if they want me to invest in their firm, I want fast access to information. page 1 / 6| Next »
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Lihttp://m.seekingalpha.com/article/2901116-5-canadian-marijuana-stocks-with-recommended-entry-pricesk for more info in libertians.......in motion.
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