Horizon's Medical Marijuana (HMMJ-T) Stock Predictions - Stockchase
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Horizon's Medical Marijuana (HMMJ-T)

ON STOCKCHASE SINCE Apr 2017

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Horizon's Medical Marijua...

HMMJ-T

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Horizon's Medical Marijuana (HMMJ-T) SAVE Apr, 24, 2019, 5:21 pm

20.99 0.16 (0.77%)

What the experts are saying about HMMJ-T



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BUY on WEAKNESS
This has the potential for massive growth in 20 years considering the medical applications of cannabis, but this space also has massive volatility. Buy during large declines and tiptoe in. Society is in the process of accepting marijuana. This is a sea change now.
E.T.F.'s
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This has the potential for massive growth in 20 years considering the medical applications of cannabis, but this space also has massive volatility. Buy during large declines and tiptoe in. Society is in the process of accepting marijuana. This is a sea change now.
E.T.F.'s
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Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$20.330
Owned Owned
Unknown

COMMENT
There is some downside pressure on HMMJ-T. At the $14 or $17 range there is resistance. Who knows what the effect would be if the government changes in October. [Caller asked about TLRY] He sees $34 as a target on TLRY-T as there is nothing to hold it higher.
E.T.F.'s
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There is some downside pressure on HMMJ-T. At the $14 or $17 range there is resistance. Who knows what the effect would be if the government changes in October. [Caller asked about TLRY] He sees $34 as a target on TLRY-T as there is nothing to hold it higher.
E.T.F.'s
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$19.890
Owned Owned
Unknown

WAIT
X-dividend date coming up. After the next economic downturn, this will be a sector to invest in and forget it for a decade. At this point he does not see it goes above the recent highs. Don't invest in it now. You might trade it.
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X-dividend date coming up. After the next economic downturn, this will be a sector to invest in and forget it for a decade. At this point he does not see it goes above the recent highs. Don't invest in it now. You might trade it.
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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$22.540
Owned Owned
Unknown

COMMENT
This has attracted A LOT of interest, but inflows into cannabis have plateaud. There's lots of speculation and uncertainty, though it's an interesting space. Definitely, cannabis is not a core holding of his. It's typically to see extreme moves in this ETF and sector. This charges an 0.87% MER. Also consider the smaller SEED-T.
E.T.F.'s
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This has attracted A LOT of interest, but inflows into cannabis have plateaud. There's lots of speculation and uncertainty, though it's an interesting space. Definitely, cannabis is not a core holding of his. It's typically to see extreme moves in this ETF and sector. This charges an 0.87% MER. Also consider the smaller SEED-T.
E.T.F.'s
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Daniel Straus

Head of ET, National Bank Financ...

Price Price
$22.170
Owned Owned
Unknown

DON'T BUY
Exercise caution. Big move in the underlying companies, so you're always susceptible to a pullback. Shift focus more to the US, where you can get more reasonable valuations. US market is 10x what Canada's is. Money spirals in, and out, of these ETFs. Tough to justify valuations in Canada right now. It's a psychology trade.
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Exercise caution. Big move in the underlying companies, so you're always susceptible to a pullback. Shift focus more to the US, where you can get more reasonable valuations. US market is 10x what Canada's is. Money spirals in, and out, of these ETFs. Tough to justify valuations in Canada right now. It's a psychology trade.
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Gerard Ferguson

CEO & Port, Jemekk Capital Manag...

Price Price
$21.590
Owned Owned
Unknown

COMMENT
He is not an expert in cannabis. There will be real industry going forward and some companies will prosper in the long term. The valuations still remain excessive. If he were to participate it would be with Canopy Growth as they have a connection with Constellation Brands in the US.
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He is not an expert in cannabis. There will be real industry going forward and some companies will prosper in the long term. The valuations still remain excessive. If he were to participate it would be with Canopy Growth as they have a connection with Constellation Brands in the US.
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Don Lato

President, Padlock Investment M...

Price Price
$14.040
Owned Owned
No

BUY on WEAKNESS
Cannabis. Momentum was stalling in September. There is a short term bounce but there will be choppiness in the short term. He would pick away at these names during this period. The longer term trend is up.
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Cannabis. Momentum was stalling in September. There is a short term bounce but there will be choppiness in the short term. He would pick away at these names during this period. The longer term trend is up.
E.T.F.'s
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Javed Mirza

Technical , Canaccord Genuity ...

Price Price
$18.760
Owned Owned
Unknown

COMMENT

Short selling:  He has not done much short selling in this space.  He tends to be long.  If he was going to do it, this would be the vehicle to do it with.  There would not be any M&A risk.

E.T.F.'s
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Short selling:  He has not done much short selling in this space.  He tends to be long.  If he was going to do it, this would be the vehicle to do it with.  There would not be any M&A risk.

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Bruce Campbell

President , Stone Castle Investm...

Price Price
$23.540
Owned Owned
Unknown

SPECULATIVE BUY

It is been a ridiculously volatile space. The whole sector is very expensive. Very early inning of the industry. This is a decent way to dip your toe in the sector. Volatile above and beyond what normal equity markets are. 

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It is been a ridiculously volatile space. The whole sector is very expensive. Very early inning of the industry. This is a decent way to dip your toe in the sector. Volatile above and beyond what normal equity markets are. 

E.T.F.'s
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Veronika Hirsch

Chief Inve, Arrow Capital...

Price Price
$23.800
Owned Owned
No

DON'T BUY

It is a great play on the space.  He noticed that in the last few months there has been a lack of new capital going into it so people must be trying to pick a winner.  He cautions that the space is going to be very volatile over the next 6 months. 

E.T.F.'s
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It is a great play on the space.  He noticed that in the last few months there has been a lack of new capital going into it so people must be trying to pick a winner.  He cautions that the space is going to be very volatile over the next 6 months. 

E.T.F.'s
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Gerard Ferguson

CEO & Port, Jemekk Capital Manag...

Price Price
$23.400
Owned Owned
Unknown

BUY

He is into macro trends and themes. So, this doesn’t fit his strategy. But he thinks it is a good ETF.  It pays a dividend because it lends shares he thinks. 

E.T.F.'s
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He is into macro trends and themes. So, this doesn’t fit his strategy. But he thinks it is a good ETF.  It pays a dividend because it lends shares he thinks. 

E.T.F.'s
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Tyler Mordy

President , Forstrong Global Ass...

Price Price
$22.420
Owned Owned
No

SPECULATIVE BUY

Marijuana.  The ETF gives you the basket of securities.  When you go into an area that is new, you are never going to buy these stocks cheap.  We had high momentum and now it seems to have broken down.  You have to manage risk carefully.  Have a stop loss.

E.T.F.'s
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Marijuana.  The ETF gives you the basket of securities.  When you go into an area that is new, you are never going to buy these stocks cheap.  We had high momentum and now it seems to have broken down.  You have to manage risk carefully.  Have a stop loss.

E.T.F.'s
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Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$15.830
Owned Owned
Unknown

DON'T BUY

Good time to get in? His firm uses only ETFs. This is an example of where ETFs are not the way to go on themes. All the enthusiasm about marijuana is already baked in, so could sell off once it’s legal. Canopy Growth is the Phillip Morris of marijuana.  Why pay the premium of the ETF, just buy Canopy Growth. 

E.T.F.'s
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Good time to get in? His firm uses only ETFs. This is an example of where ETFs are not the way to go on themes. All the enthusiasm about marijuana is already baked in, so could sell off once it’s legal. Canopy Growth is the Phillip Morris of marijuana.  Why pay the premium of the ETF, just buy Canopy Growth. 

E.T.F.'s
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Terry Shaunessy

President , Shaunessy Investment...

Price Price
$17.950
Owned Owned
No

DON'T BUY

Right now he does not want exposure.  He does not like the risk of the sector.  We need to see this commodity legitimized.  HMMJ-T is a speculation, not an investment.  After the next recession, companies with no earnings get obliterated.

E.T.F.'s
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Right now he does not want exposure.  He does not like the risk of the sector.  We need to see this commodity legitimized.  HMMJ-T is a speculation, not an investment.  After the next recession, companies with no earnings get obliterated.

E.T.F.'s
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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$19.160
Owned Owned
No

COMMENT

Cannabis or cannabis tech ETF? The problem with cannabis stocks are valuations--only one of the holdings in HMMJ has positive earnings. He's anticipating a lot of growth, like tech in 2000. He doesn't know enough about the tech behind growing cannabis, but look at ROBO-T and other AI ETFs. 

E.T.F.'s
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Cannabis or cannabis tech ETF? The problem with cannabis stocks are valuations--only one of the holdings in HMMJ has positive earnings. He's anticipating a lot of growth, like tech in 2000. He doesn't know enough about the tech behind growing cannabis, but look at ROBO-T and other AI ETFs. 

E.T.F.'s
0 0 0 0 0
0 comments
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$18.070
Owned Owned
Unknown

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