PRE MARKET AND WEED!

Short-term word to the wise. Markets do not go straight up. A pullback at any time would be normal as normal could be. Frankly, we would not mind one as it is easiest to isolate strength on pullbacks.

Marijuana…we do not smoke any but we are sure getting questions about a few names…CRON, CGC, TLRY come to mind. All we can tell you is that valuations are a joke…and we mean a joke but price is what someone is willing to pay. TLRY up $10 this morning giving it a double in 8 trading days. Interesting how people are interested after a double. All we know is the company has a $5 billion market cap with $25 million of sales and nothing but losses. But investments have been coming into the industry notably STZ recently.  Just know these names have had sharp moves in short order. Do we have to tell you risk has picked up? We do not own any and are quite jealous we don’t.

Leader ROKU down on what else? Amazon competition. DKS also down.

SCVL gapping up.