Shares of red-hot cannabis firms plunged by more than one-third on Thursday, marking another short-lived squeeze of short sellers by retail investors aiming to benefit from an expected push to decriminalize marijuana under U.S. President Joe Biden.
With the decline and recent big swings in the market, it'll be easy for new-found bulls to turn cautious quickly. That's something to watch closely.
U.S. video game retailer GameStop Corp decided it could not seize on the Reddit-fueled rally in its shares to sell hundreds of millions of dollars worth of stock because of regulatory restrictions, according to three people familiar with the matter.
Federal Realty Trust Shows an Improved Technical Picture Should investors plan to revisit this retail REIT? Stocks quotes in this article: FRT
During Wednesday s
We last looked at FRT way back on Aug. 12 and gave this assessment: We don t know how this pandemic will ultimately play out and whether malls will survive or thrive in the months and years ahead. Meanwhile, the sense I get from these three charts is that FRT will need more base building AND signs that aggressive buying of the stock has returned. Until that is evident, I would look for other opportunities.
I think FRT s charts have improved so another visit is in order.
GrowGeneration s Charts Continue to Defy Gravity and Indicators At some point the music stops and there is a pullback or correction or worse. Stocks quotes in this article: GRWG
During Wednesday s Lightning Round segment of
Mad Money, one caller asked Jim Cramer about GrowGeneration (GRWG) : I m not going to recommend this stock at these levels. Take profits, was his advice.
I have recommended taking profits on GRWG back on December 3 and again on January 11 so I obviously left a lot of money on the table. Let s check the charts one more time to see if the third time s the charm.