 Weed sector momo! (watchlist included) Hey. Tim here.
Last Wednesday, there was a rumor that marijuana legalization could be up for a House vote this week.
By Thursday, it hit the headlines…  Source: TheHill.com Why is this important?
Because penny stock traders know that news like this can be a catalyst for sector momentum.
True to form, the news got the entire weed sector running.
Before you go all-in…
Don't get too confident that these plays will run big…
Weed stocks pulled back on Friday morning.
Why?
Because there are a lot of bag holders from the last big run.
Newbie traders who got burned by promoters last time sell into any big spike, trying to recoup losses.
So does that mean it was a one-day move?
Not necessarily...
It depends on the news and optimism about the vote.
I won't try to predict.
But I'm prepared if weed stocks do gain momentum.
That's why the cannabis sector is a must watch this week in the run-up to a potential vote.
Plus, find out how you can be a part of my first-ever NFT Trading Summit… — Tim P.S. This Wednesday, March 30th at 8pm ET I am hosting my first ever NFT Trading Summit. Click here to instantly save your seat! Recommended Membership Gifts
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