03Mar1:34 pmEST

Hacky Sack Penalty: No Self Serves or Misses

It looks like marijuana play GWPH, a name we have recently been tracking for Members due to its improved and impressive chart, had a "fat finger" type of move earlier today, as a headline hit the wires that, "Mentor Capital, Inc. (MNTR) Buys $1M in GW Pharmaceuticals (GWPH) Stock."

Pothead party foul notwithstanding, GWPH remains a viable long idea into next week if it can clear and hold over $131 a bit more convincingly. 

On the updated daily chart, below, note the name is still basing very well within the context of an uptrend, as price is above all major moving averages. But the spike up and fade this morning, at 11:20 am EST, may need some time to be digested before we see if a true breakout comes. 

Elsewhere, gold miners tried to bounce a few times from oversold but to little avail, thus far. I am still not inclined to be the first mover in terms of declaring the materials and miners have bottomed into this recent pullback. 

Chips Chipping Away Saturday Night at Market Che...


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