$CBMJ Alert: Tuesday Breakout Play!
Little $0.05 stock called Canna Brands Inc. (CBMJ) just hit my radar, they got a fresh take on Mary Jane mania I think we can play around with.
I KNOW YOU ALREADY SAW UMPTEEN POT PLAYS, BUT HOW MANY SELL POP WITH ALL THE “KICK” OF THE KIND BUD?
That’s right, CBMJ just launched a line of 6 cannabinoid-infused drinks in the national capital of legal weed, Washington State itself! (Read more)
With that news barely 2 weeks old, there’s still plenty of time to get on board the CBMJ story before it starts getting stale.
Scan that chart for yourself and you’ll know this action has only gotten started:
http://stockcharts.com/h-sc/ui?s=CBMJ
Those lines obviously point in the bull direction! And I’m extra pleased to see the bottom trend coming up faster -- building toward the next big breakout?
Given the trend, playing CBMJ when the market opens up on Tuesday might be as simple as riding the momentum that the MACD has been serving up.
And of course, a little fresh NEWS about how well the “pot pop” products are selling would kick the process into high gear!
Bullet Points on CBMJ
CBMJ bought into the silly soda business back in September, and while I’m having a little fun with the concept the creator swears a little cannabis infusion goes a long way to manage epilepsy symptoms.
If you look close you can see CBMJ has spent the last few months refining the old flavors to appeal to a hipper crowd of Seattle cannabis consumer. Say hello to Cheeba Cola and Giggle Fruit! (Read more)
CBMJ is expanding its footprint right behind the wave of legalization. Just last week the company started shipping drinks to Oregon, which opens up recreational sales to 4 million people in 4 months.
Behind the soft drinks CBMJ has a lot of big plans to package more “consumables” as well as help other pot players promote their products via “alternative media.” (Read more)
Bottom Line: CBMJ is still mighty new on the scene but its dizzy drinks are already making a splash in West Coast communes as well as on Wall Street.
The chart makes me suspect this stock will keep splashing around for a while to come -- and I’ll talk a little more about those prospects tomorrow!
But for now, all I want you to do is relax. CBMJ hasn’t established much of a track record to tie us down with suppositions and history.
All we really have here so far are those sodas and a mighty bull trend since they hit the market!
So if you believe hippies with the munchies will want to get a buzz along with their snack drink, CBMJ should let you dream a little larger.
And our first chance to trade that prospect is Tuesday morning!
Happy, Happy, Happy Trading!
Little $0.05 stock called Canna Brands Inc. (CBMJ) just hit my radar, they got a fresh take on Mary Jane mania I think we can play around with.
I KNOW YOU ALREADY SAW UMPTEEN POT PLAYS, BUT HOW MANY SELL POP WITH ALL THE “KICK” OF THE KIND BUD?
That’s right, CBMJ just launched a line of 6 cannabinoid-infused drinks in the national capital of legal weed, Washington State itself! (Read more)
With that news barely 2 weeks old, there’s still plenty of time to get on board the CBMJ story before it starts getting stale.
Scan that chart for yourself and you’ll know this action has only gotten started:
http://stockcharts.com/h-sc/ui?s=CBMJ
Those lines obviously point in the bull direction! And I’m extra pleased to see the bottom trend coming up faster -- building toward the next big breakout?
Given the trend, playing CBMJ when the market opens up on Tuesday might be as simple as riding the momentum that the MACD has been serving up.
And of course, a little fresh NEWS about how well the “pot pop” products are selling would kick the process into high gear!
Bullet Points on CBMJ
CBMJ bought into the silly soda business back in September, and while I’m having a little fun with the concept the creator swears a little cannabis infusion goes a long way to manage epilepsy symptoms.
If you look close you can see CBMJ has spent the last few months refining the old flavors to appeal to a hipper crowd of Seattle cannabis consumer. Say hello to Cheeba Cola and Giggle Fruit! (Read more)
CBMJ is expanding its footprint right behind the wave of legalization. Just last week the company started shipping drinks to Oregon, which opens up recreational sales to 4 million people in 4 months.
Behind the soft drinks CBMJ has a lot of big plans to package more “consumables” as well as help other pot players promote their products via “alternative media.” (Read more)
Bottom Line: CBMJ is still mighty new on the scene but its dizzy drinks are already making a splash in West Coast communes as well as on Wall Street.
The chart makes me suspect this stock will keep splashing around for a while to come -- and I’ll talk a little more about those prospects tomorrow!
But for now, all I want you to do is relax. CBMJ hasn’t established much of a track record to tie us down with suppositions and history.
All we really have here so far are those sodas and a mighty bull trend since they hit the market!
So if you believe hippies with the munchies will want to get a buzz along with their snack drink, CBMJ should let you dream a little larger.
And our first chance to trade that prospect is Tuesday morning!
Happy, Happy, Happy Trading!
