The market bounced hard in the morning but went out of air later in the day.  Nevertheless, it still closed up for the day.

You could see that it was a soft bounce. We need to see the market bounces hard next week to stop this bear attack from taking over the trend.  Based on after hour market on a Sunday afternoon, look like we may see a bounce coming.  But then, we all know too well that these bounces must stay firm at the close to consider a good bounce.  How the market closes tomorrow (Monday) may determine the tone for the rest of the week.

What I had done today (Friday) was a mixed bag of satisfaction and disappointment.  More like getting satisfaction in the morning and then being slapped with disappointment.

$KNDI opened higher and I immediately added more to average up.  Price continued to head higher and I added more.  By the time price broke out of the $17 resistance, I added even more.  My profit was immediate and it was looking good.  But then price began to correct below $17.00.  I continued to hold to see if it would bounce back above $17.  It did.  I relaxed a bit.  But the hold above $17 didn’t last.  Before I knew it, price fell back down below $17 and I wanted to see if it would re-bounce later; unfortunately, while I was waiting, price began to collapse like a waterfall and before I knew it, I was no longer in the money but was shown a little red.  Without hesitating too much, I began to liquidate some of my position to decrease risk and exposure.  Price continued to head lower and I decided to just dump the whole position ’cause I didn’t like the way price fell down so quickly from the $17.00.  Thus, from the morning of sitting on a nice profit to the liquidation of my position with a small losses, it was quite a ride.  By day close, price closed a bit below my last exit point.

See how price collapsed in mid-day in the 5m chart above?  It was a heady ride.  While I still believe in the fundamental story of $KNDI, I’m being mindful of the overall market correction which if the bear wins, everything will go down regardless of fundamental story.

Next, I bought back $SEED, $AMRN, $CERS, and $MZOR positions.

What?! $CERS again with the $40 million  potential dilution?

Yes, I asked myself the same question… but all I could say was that I couldn’t resist the morning chart pattern which was showing a bounce from a “almost” doji bar the day before.  Due to the fact that I closed out the $CERS position (again!) with another small losses before day close, I guess the “almost” doji bar did not offer a good probability here.

I bought $AMRN ’cause the chart looked like a breakout bounce was about to happen.

Thursday bar was a bullish engulfment candlestick bar; therefore, I decided to give this one another roll of a dice.  Thanks to Option Addict’s post about asshole stocks, it brought my attention back to $AMRN which was when I saw the bullish engulfment bar.  By day close, I’m still holding so let’s see if price can bounce next week.

Next I bought some $MZOR back due to a bounce at the open.

Since I still like the fundamental story, I was betting on the fact that the Thursday dramatic drop was over-done.  If price takes out the low of Thursday low, I will cut my losses.

$CARA dropped was expected due to earning report from Thursday night; however, I was just glad that the drop was not worse than I anticipated.  I believe $CARA has the potential to rally later in the year simply because the fundamental story has an excellent catalyst to be disruptive in the field of narcotic pain-killer.

Notice that the price action on the daily chart was stabilizing despite a down day.  If the general market recovers, I can see $CARA bounce higher as well.

Thanks to $LRAD uptake on Friday, my port was at breakeven despite $CARA being down.

Current holdings:

LRAD, SVBL, CARA, SEED, AMRN, MZOR and 32% cash.

From my other account:

Both $FITX and $MCIG charts reflected a small correction; thus, I’m not going to bother with the showing of the charts.  Still holding long and strong.

My 2 cents.

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The market was down slightly today.  Thanks goodness it wasn’t another waterfall day.

Notice that today bar looked like a doji bar; while it was not technically a true doji bar since the open did not equal to the close; it was close enough that I believe the market had come to the point where the force of the bull was able to stop the bear relentless attack.  Thus, we may be looking for a possible bounce tomorrow.  Did you see how price bounced after the small range bar on March 14th and March 3rd?  I’ll wager that the probability is on the upside bounce tomorrow.

After the market opened, $MZOR began to drop and took out yesterday low.  Instead of waiting for the price to take out the low of the consolidation range, I decided to cut my losses when there were bids for me to take my sell orders.

Whoa! Was I lucky to cut my losses fast.  $MZOR dropped like a rock not long afterward and continued to fall further down into the close.  Today is another lesson that it pays to cut your losses fast.  Even if I used a hard stop placed below the low of the consolidation range, i would still be able to get out before the price collapse; thus, having a plan (stop loss) to cut your losses is essential to holding on to your money.

After seeing $SEED was struggling to maintain $2.12; I decided to sell my shares as well to cut losses and raise cash.

Because $NUGT opened higher and took out the upper-band of the opening range, I bought a position with a stop below the lower opening range.  I was stopped out for losses not too long afterward.

By the end of the day, seeing that the general market wasn’t going to do a waterfall close; I decided to use the available free cash to buy a starter position on $KNDI in the mid $15 level with a stop below $15.00.  Luckily, I wasn’t stopped out by day close.

As you can see on the chart, price actually bounced off the upper-band of the old consolidation range.  On top of that, the lower Bollinger band also happened to be in the same vicinity.  This served as two supports that gave me the confidence to buy back some shares before the close.  If price bounces tomorrow and I’ve free cash available from the three-day settlement, i may add more.

While I had to take some losses from $MZOR and $SEED, the bounce from $CARA helped offset the losses and my port was even for the day.

Current holdings:

LRAD, SVBL, CARA, KNDI and 49% cash.

From my other account:

The whole cannabis sector was taking a hit from mass sell-off.  Some speculated it had to do with $CANN being halted by SEC.  I didn’t sell any of my $FITX and $MCIG shares.  I’m going to have to take the heat from here.  April is around the corner and I believe the fat lady is going to sing pretty soon regarding the faith of $FITX getting the license from Health Canada.  Of course my money is betting that they will get it.  Why do I think that?  ‘Cause Health Canada needs all the large commercial growers they can get to ensure  a steady supply to the current and growing medical cannabis patients in order to stabilize the price and get the new law off the ground.

My 2 cents.

 

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Today the bear began to show its face with a bit of a teeth exposed…

While price is still inside the consolidation range, it is important that price bounces some from here or we may be seeing more selling again.  There are three supports that are the bull defenders against the bear.  The lower range of the consolidation range and the 79 & 89 MA lines.  Next line of support is the low of early February.  If these supports cannot stop the bear, we may be looking at the beginning of the bear market.  No, it won’t be a big drop like 2008; but it will be a slow torturing trend for those who decides to hold for the bounce that never comes.  Hey, I’m getting ahead of myself here, pardon my senseless bearish sentiment.  Nothing is confirmed until you meet with Mr. Hindsight; but by then all Mr. Hindsight will tell you is, “I told you so!”.

Today price action made me regret selling my $TZA position yesterday morning.  Yes, I’m human so I’m entitled to feel a bit  “cheated” when my prediction was right on target but my conviction lacked resolve.  There you have it, conviction plays an important part in catching a runner, especially when you are trying to catch it at the starting gate.  By lacking conviction, I cheated myself of the $TZA profit.

I considered myself lucky that only about 10% of my three-days settlement cash was released today ’cause I spent it all by adding to $CARA, $SEED, and $MZOR in the morning looking for a bounce.  Then I had a meeting that lasted most of the trading hours; by the time I came out, I was in for a not-too-nice surprise.  While the three names I mentioned did not cause that much damage, it was the $LRAD drop that compound my losses a bit more.

However, I’m seeing a lot of potential bounces here:

Take a look at $SEED chart below:

Did you see the price literally settled down on the 89 XMA line?  If there is more available cash free up tomorrow, I’ll buy the bounce (only if there is a bounce) to add more.  No, I’m not averaging down, I’m merely trying to rebuild my position back to its original size.  Remember, per my “personal” definition, if I’m scaling into a position when price is dropping, I’m simply accumulating a position; however, once I’m done with the accumulation, any add-on will be considered averaging down ’cause I’ll be exceeding my risk level I’ve originally established for myself.

$MZOR again trekked toward the lower consolidation range.

If it takes out the lower range, I’m going to have to sell it to cut losses.  However, I prefer that it bounces from here like it did several times before.  The fact that it could not bounce from the lower range means the bear is stronger than before; hence my resolve to cut losses from breakdown.

$CARA is reporting tomorrow after hour so I’m holding this one for the gamble.

I also sold $NUGT when it took out yesterday low in the morning.  Thanks goodness I did ’cause it saved me a lot of grief from losing even more in the meltdown.  See, it pays to cut your losses fast to avoid a bigger losses later.

Despite another down day, I’m still up 11% for the year.

Current holdings:

LRAD, SVBL, MZOR, CARA, SEED and 38% cash.

From my other account:

I added more $FITX to bring it back to my original size.  And yes, I paid more to buy them back.

Despite today market slaughter, $FITX held very well!

I also bought $MCIG, another cannabis play.  While going over the cannabis selection the other days, this one pulled me in.  I like the concept of pen-style vaporizer for $10.  It is affordable and most people won’t have to think too hard to buy it.  If I lose the pen-vape, no big deal.

One other reason I like $MCIG is because of the technical bounce I see on the chart.  Price was bouncing from yesterday green bar that bounced from the 38% Fib retracement.  Did you see that price actually closed higher today?

Now, I’m all set to take advantage of the growing cannabis market.  May this port one day eclipses my main port mentioned above.

My 2 cents.

 

 

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Market bounced right back up and popped its head above water once more again.

Will it stay above or will it dive back down?  Tomorrow, we will see.

The highlight of the day is the big bounce from $MZOR.

As a result, I added more to swing for the fences. $MZOR is now a close second largest position after $LRAD.  Since $MZOR has only sold a handful of the robotic machine to the US hospitals, there remain a huge market for $MZOR to tap into.  The way I see it, as more and more hospitals begin to adopt this robotic machine, price will continue its upward trek.  I see a breakout coming either tomorrow or next week.

On the downside, $CARA, $SVBL, $KGJI, and $SEED more than offset the gain from $MZOR; thus, my port went down a bit today.

The new action I took today was to buy the bounce on $KNDI when price rallied from the 15 MA line in the morning.  I was in the money rather quickly; however, when I found out it was short-lived, I immediately sold my position at breakeven ’cause I know how fast $KNDI can drop based on recent experience.  Well, it was a good thing I acted quickly; otherwise, I would have to take the heat on the position since $KNDI closed below my morning entry point.  I’ll be watching $KNDI to catch another bounce that may hold.

I also reduced my position size on $KGJI furthermore ’cause it had been dead money for quite a long time now.  If price takes out the $1.85 resistance, I may add back my position.

I’m taking heat on $SVBL but I’m not worried since my position size is relatively small.

I also bought a starter position on $TZA with a GTC tight stop below the historical low just so I have my foot in the door.  So, if the market begin to tank again, I just need to add more without having to watch the downdraft and forget to participate.  Having a position make it possible for me to participate more actively.

Current holdings:

LRAD, MZOR, SEED, CARA, SVBL, KGJI, TZA and 21% cash.

From my other account, $FITX was neutral today so I won’t bother to show a chart.

My 2 cents.

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The market continued to bounce today.

It closed above the range which was a very good sign.

$KNDI opened higher and then went on to take out the high of yesterday.

But that didn’t last, not long after making new high, price dropped like a rock.  My mental stop was triggered and I sold at the market to protect profit.  Price then bounced around b/w the low of the day and yesterday close.  The SeekingAlpha article comparing $KNDI to other biofuel stocks like $FCEL didn’t help either.  I’m going to wait this one out to see what happen before venturing back in.  Although I mentioned that I would hold this one for medium long-term, I do change my mind from time-to-time giving the circumstances surrounding the price action.  Sometimes I’m wrong and sometimes I can get lucky; but I learn to follow my instinct, right or wrong.  Giving enough time, my instinct becomes another tool I use to trade the market.

$CARA continued to bounce.

Price closed above the 5 and 15 MA line.  It does look like we may see a V-shape reversal after-all.  Notice that price bounced today on low volume.  That is why I don’t trust the selling when the float is so small.  You could be cheated out of your shares if you don’t have enough conviction.

$SEED also bounce off the support line today.

And the 5 MA line is now turning back up after touching the 15 MA line. I like to believe $SEED is heading back above $3 soon.

I’m glad to see $MZOR also bounced up.

It was good to see price moved away from the bottom range.

$SVA took out yesterday high and I want to go back in so I bought back some.

If price continues higher, I’ll add more when cash becomes available from the three days settlement.

$KGJI disappointed when price took out the lower range of the consolidation area.

What doesn’t look good is that price is now under the 79 & 89 MA line.  I need to decide what to do with my position real soon.  Perhaps, I will lighten the load a bit.

$LRAD and $SVBL didn’t do much today so I won’t post any chart on them.

Thanks to $SEED and $CARA, my port bounced back up another notch.  Now, my milestone target is only a stone-throw away.

Current positions:

LRAD, SEED, CARA, MZOR, KGJI, SVBL, CERS, SVA and 17% cash.

From my other account:

$FITX did a fantastic job blasting out of the downtrend line.

Now, I like to see price takes out the previous high of  $0.10 set up on March 7th.

My 2 cents.

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Market had a nice come-back.

But we are not out of the wood yet.  See how price still settled inside the consolidation range?  Price need to get back above the top range to be considered back on the uptrend.

The big news today was the positive $KNDI earning announcement.  They sold more cars than the estimate 2,800 units they gave awhile back.  Basically, there are more individual buyers besides the car-sharing garage purchase.  Not bad!  And too bad for me staying on the sideline.  But that was price I paid to be a by-stander instead of a participator.  It was like watching an ongoing poker game as an observer instead of playing at the table.  Well, as they said, it could have gone the “other way”.

Nevertheless, today news practically convinced me that the drivers in China are ready to contribute to the clean air campaign by buying more EVs.  Thus, I went back in this morning paying up to $20 per share for the buy-in.  Only this time, I did not load up the boat as before, instead I bought a medium size position just as I would in a new stock- such as $MZOR or $CARA.  As far as I’m concerned, $KNDI is to me just another brand new trade with a new entry setup.  My past gain in $KNDI does not factored into this particular new $KNDI trade.  In other words, I will not be saying to myself thing like, “Oh, I had so much gain on this one I could fight the trend a bit more…”.  Instead, I will trade this $KNDI trade with all the proper medium-term outlook with its proper stop loss target.  If price continues higher tomorrow, I may add some more.

Price took out the previous high of $20.75 with super-high volume.  I can see a long-term uptrend coming for this one provided there are no major market correction during the year.

$CARA finally bounced today.

Price touched the 50% retracement line and took off.  I can see a high probability that price will start to head back up and beyond.

$SEED continued to hold steady at the support line.

I can see the 5 MA turning up tomorrow or later in the week.

$MZOR finally succumbed and dropped a bit more than usual.

While price is still inside the consolidation range, it needs to bounce soon to remain on an uptrend mode.

$KGJI broke down some today and price dropped below the $1.85 resistance again.

Oh brother!  $1.85 resistance all over again!  Oh well, I’m waiting for the coming earning report to kick start the uptrend.  It will be nice to have this one bounces the way $KNDI did today.

To supplement my gold play ($KGJI), I bought a silver mining company ($SVBL) today. I’ll continue to accumulate as soon as more cash is released from the three days settlement.

The above is a monthly chart.  See how price began to turn upward?  Last month green bar was a bullish engulfment pattern. This month price action already took out last month high; therefore, I’m bullish on this one for long-term hold.  I also like the fact that this month is the ONLY month that price action took out the 5 MA line.

Thanks to the gain from $KNDI and $CARA, my port bounced up a notch despite some drops from $MZOR and $KGJI.

Current holdings:

LRAD, SEED, MZOR, CARA, KNDI, KGJI, SVBL, CERS & 10% cash.

From my other account:

$FITX had a fantastic break-out on the chart today.

Did you see how today big green bar with relatively higher volume took out the downtrend line?  Once $FITX received the license from Health Canada, this is going to be a multi-years hold for me.  At least, this will be my other “$LRAD” play.  I’ve been trading profitably with $LRAD since 1998.  $FITX will become an even bigger game once the production of both medical and industrial cannabis begin.

My 2 cents.

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Market had another down day after spending all day trying to stay afloat.

But all is not lost, price still closed inside the consolidation range.  The first “if” I talked about yesterday haven’t been breached yet.

The only one stock in my port that sunk the most is $CARA. The rest of my position were either neutral, slightly up or down which had minimum effect on my port.

While I’m taking a heat on $CARA, I didn’t mind much at all.  I guess my big win on $KNDI has afforded me the luxury to bide my time on this one.  Price has approached the 50% fib retracement from historical low to high, so let’s see if it will bounce next week.  Btw, I added some more today when it bounced in the morning.  However, I decided to keep my shares even though the price turned negative later on.

Speaking of $KNDI, earning report is supposed to come out Monday, although I’m no longer holding position for this pivotal event, I wish everyone who is holding good luck.  If it takes off based on positive events, I may start to look for re-entry point.

$SEED closed back neutral after taking out the $2.60 support.

Did you see the doji formation today right at the support line?  Meanwhile the  5 MA line is also approaching the 15 MA line, this could mean a potential bounce next week.  Sometimes. the 5 MA line will come back down to touch the 15 MA before it bounces back up if the uptrend momentum is strong.  Let’s see if this is the case.

$KGJI had a strong opening which took out the $1.85.  It reached as high as $1.94 before coming back down to close slightly lower.

Because of the spike up, I added some more in the morning.  I’m still holding my added shares ’cause I believe price will eventually take out the ultimate $2.00 resistance.  Once that is taken out, I believe price will fly.  Why?

$KGJI had been consolidating in a range for almost four months now and volume was also increasing recently.  With gold price as well as gold mining stocks climbing for the last several weeks, there is only so much the bear can do to keep $KGJI stuck in a range while almost every gold related stocks are climbing.  Thus, I believe once $KGJI is back in the limelight, price will soar.

$MZOR is also stuck on the consolidation range.

Although it was only for about two months, any good news will kick this one up to the upside.

$LRAD closed the week slightly down.

But if you look at the weekly chart above, what come to your mind?  It is in a bullish trend, isn’t it?

I also bought a small starter position on $CERS when it was up in the morning (which I forgot to mention on twitter), I decided to keep the position even though it closed negative for the day.  Having a small position will allow me to keep an eye on this and give me the opportunity to add more when price begin to climb again.

Look at the weekly chart above, price has strong support at the $5.75 level.

Due to $CARA downdraft, my port dropped another notch.  However, I’m still up nicely for the year.

Current holdings:

LRAD, SEED, MZOR, CARA, KGJI, CERS and 24% cash.

From my other account:

$FITX chart looks very positive with a second green bar.

There may be a good chance price may bounce next week.

My 2 cents.

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Market opened higher and then dropped like a rock.

Notice that price is still inside the consolidation range; therefore, it is too early to call it a bearish market.  However, if it takes out the lower range, then the next supports are the 79 & 89 MA lines.  If that is taken out, then the next support is the Feb. low.  If that is taken out, then the bull may be over.  So there you have it, there are three “if” before we can worry about the bear market.

I bought $CERS, $GALE and added to $KGJI today; the first two were a mistake ’cause the market tanked afterward and I didn’t get out sooner.  $KGJI was a good addition since price held strong and even took out the $1.85 resistance briefly.  Volume was high today so it could mean more rally later on.

See how price closed directly at $1.85 with high volume whereas it couldn’t even close near $1.85 in the past.  I believe investors are finally realizing how undervalued $KGJI is.

Yes, I regretted selling $TINY after I bought giving that price had gone up due to an article from SeekingAlpha.

I’m not sure if I want to chase this one here.  I’ll have to wait and see.  All I can say is I miscalculated yesterday by focusing only on the D-Wave quantum computer.  Oh well…

$SEED corrected along with the general market.

But price still closed above the support line.  In fact, it is sitting right at the 15 MA line as well.  Let’s see it bounces tomorrow.

$MZOR continued to impress by fighting off bear attack.

Look at the bounce back!  The longer the consolidation, the more powerful is the breakout.  I expect the breakout is to the upside of course.

$CARA continued to correct.

Notice price is now sitting on the 15 MA support line as well as the 38.2% fib retracement line.  If it bounces tomorrow, I may add more.

$LRAD dropped out of the consolidation range but managed to climb back up to close as even.

Oh well, let’s see if it can bounce tomorrow.

Thanks to $CARA drop, my port dropped another notch down.  While I’m now below the milestone target, it is definitely within sight; so it  is a matter of time before I get back up there and beyond.

Current holdings:

LRAD, SEED, MZOR, KGJI, CARA and 28% cash.

From my other account:

Relatively speaking, I must say I’m impressed with $FITX performance today even though it didn’t go up.

The fact that it stayed even without going further down today despite a down market was very bullish to me.  It looks like it may bounce tomorrow and beyond.

My 2 cents.

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Market played the diver today by going up the springboard in the morning time and then jumped into the water not long afterward.

Price is still around the upper range of support so I would call this a healthy correction so far.

$SEED opened strong and I bought back the 40% shares I sold yesterday.  Everything was going perfectly until the mood changed in mid-day.

Since price is still above support, I decided to hang onto the shares I added back today.

$CARA also did a reversal after a stellar morning spike-up.

So far, the chart still looks bullish with a healthy dose of correction..

$MZOR performed nicely considered that most every one did a reversal.

Price is still within the top range of the consolidation area.

$KGJI was still having problem breakout out of $1.85 resistance.

I added back some $KGJI I sold yesterday due to the morning surge.

$SVA,, like everyone, enjoyed a strong morning so I bought a medium size position looking for a bounce.

Price did not turn negative and the close was higher than yesterday.  So far so good.

$CERS looked like it was bouncing off from yesterday doji bar so I bought a starter position to test the water.

Price turned negative for the day.  I will see if the $5.77 previous low @ Feb 3rd will hold before deciding what to do with my small position.

$LRAD remained neutral and range-bounded.

As long as it is not trending back down, I’m happy.

Basically, my port was in neutral zone after adding all the pluses and minuses together.

Current holdings:

LRAD, SEED, MZOR, CARA, KGJI, SVA, CERS and 22% cash.

From my other account, I was disappointed that $FITX traded lower while most other cannabis stocks went higher.  Oh well, what can I say but to remind myself to be patient.  Rome isn’t build in a day or a week.

My 2 cents.

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The market started off negative and later recovered some by day close.

Notice that price bounced off the upper range of the consolidation area.

At first, I was going with the market momentum by shorting via $TZA and $FAZ; but both turned out to be non-performing due to lack of market follow-thru with the waterfall action.  I got out with small losses.

Due to negative market action in the morning, I took it upon myself to reduce position size on $SEED and $KGJI by 40%.  Nothing really happened except that $SEED dropped a bit more below my exit point.  I’ll be buying back these shares if momentum is going back to the upside.

$SEED dropped below the support today.  There is another support at the 15 MA line at $2.50.

$CARA also dropped at the open and took out last Friday low.

However, I wasn’t concern ’cause I know price can spike back up really fast due to the low float status.  Basically I can create a new low if I dump my shares at the market; but I surely will not be able to buy them back at the price I sold for ’cause I will drive the price back up really fast if I try.  Thus, I’m not trading this one. Chart looks good for a bounce from here.  Price needs to take out today high to confirm a bounce.

$MZOR continued to meander nowhere.

But it was good to see price hang around the upper part of the consolidation range.

$KGJI was following $MZOR playbook.

Price was still having a hard time breaking out $1.85 resistance.

Good to see $LRAD bounced ’cause that means it is staying inside the consolidation area instead of breaking out to the downside.

Price is inside the range and bounced off the 15 MA line.

Due to correction from $SEED and $MZOR, my port dropped another notch.  Now, I’m barely above the milestone high.

Current holdings:

LRAD, MZOR, CARA, SEED, KGJI and 38% cash.

From my other account:

$FITX appointed Ms. Anndrea Hermann as President of the newly acquired Hemp Technologies company.  I googled Anndrea and was pleasantly surprised to find that Anndrea practically dedicated her whole adult live working with hemp.  It is an excellent move to have someone with high level of expertise on hemp to take $FITX to the next level in industrial hemp business.  Since the Federal law now allows the production of industrial hemp with its recent agricultural bills, I can see $FITX is laying the necessary ground work to become a key player in the hemp and medical cannabis market.

Price came back down a bit after an initial up move.  This one will require a lot of patience…

My 2 cents.

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