Opinions
Daniel Straus
Horizons Emerging Marijuana Growers Index ETF
HMJR-T
COMMENT
Jan 22, 2020
N/A
Stock price when the opinion was issued
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This is more of the junior play. Marijuana does not have the history for him to do a seasonality analysis. Technically it has been in a downward trend and is at a key support level. You should see it bottom here. Major companies are announcing buying into these marijuana companies and that is a good thing. They need the support of major brands. You should not try to trade more than 10% of the 6 month daily average volume.
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These both have very wild swings and should be considered as speculative -- not to be held as part of a nest egg. SEED is an actively traded portfolio, whereas HMJR is a passive index. There can be a strong case for active management in this case as it can time entry and exit and hold cash when appropriate.