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Eli Lilly

When a stock drops over $50.00 in the first three hours on trading one a day and when the DJIA index is up can you play it for a one or two day partial rebound? $9.00 or nine hundred dollars gets you in. That's the question now being asked and based on the number of new Call contracts being purchased the answer is probably no. As of 11:50 a.m. I can't find any news to explain this drop. Now this, if you just came off a morning gain from trading Tesla Calls, see my last blog might you be willing to part with some of these winnings? This could be another short term opportunity given that the D.J.I.A is so strong. Lets check out the action in thirty minutes. The stock is up $3.81 and the Call options went from $9.00 to $11.80 in thirty minutes. Do you take the money and run? Very few traders are speculating in this series of Calls. There is the danger that in this kind of situations that a second shoe could drop at any minute. Yet the DJIA continues to remain positive. That sho...
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A Canadian Company Up 68% In One Day

Canopy Growth. It's one year and one day chart.
Now it's five day chart.
What's going on? Well let's start with why it surged last August.
So now what? Why did it pop this time? Well this time, like last time many of the stocks in the marijuanas space popped. Look at the last Fridays action in these other matijuana stocks.
Here is the news this time. Many sources talk about it in different way.
Now this.
So this kind of paints the picture of what is happening. Canadian companies have kind of got the jump on growing techniques after burning through billions of dollars in startup capital. Now they are all of on a mission to expand their footprints overseas. Skeptics of the industry who have witnessed these surges in this group of stocks might now tout this as being a good time to sell. Afterall there are millions and millions of outstanding shares and the daily volumes traded are at time quite insignificant.These are difficult stocks to play and even more difficult to play are options on them. Watching this segment of the market can be exhausting experience. A March 30th update. Look at how these stocks are trading one week later after this surge.
These numbers are diffcult to read so I will print them out. Sundial up another $.25, Canopy Growth up $.96, Village Farms up $1.03, Curaleaf up $.03, Tilray up $.16, and Aurora down $.67. Let the better times roll. **** To put things into perspective look at some of these ten year charts. Timing is everything. Look at the volumes of trading coming back into some of these stocks. What do you think is going to happen next?
More news, April 3th.

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