They just sold half the company for a song. He now classifies it as a speculative company. The chart suggests it is recovering. Resistance is at about $4. Analysts’ targets are all over the map. Analysts are suggesting on average about 10% higher a year out.

A global tactical strategy. It is not unlike what he tries to do for clients. It is asset allocation in an ETF form. It has been out for a couple of weeks so we don’t know how it is going to do. There is manager risk. He does like the idea of the strategy, however.

He does not know the company. The company is in play. Cannabis will be maybe 1% of the world when the industry matures. It is speculative right now. The competition from the illegal market is going to be high and will suppress price. The upside is limited in terms of industry demand. If you are going to play it, play the whole group (HMMJ-T).

(A Top Pick Nov 28/16, Up 51%) He buys for new clients with new money. He would open a new position. It is growing faster than people expected and hitting the top end of their guidance. As they increase ad supply, the ad price continues to go up. It is in a very strong position to continue to grow. There is always a fear of a rollover of subscribers but a lot of growth is coming from other countries and there is always Instagram.

(A Top Pick Nov 28/16, Up 35%) They are doing well. Last quarter they had their fastest advertizing growth in 5 years. They are defying the laws of large numbers.

(A Top Pick Nov 28/16, Up 46%) A dollar store for teenagers that sells items for $5 and below. He would not buy it now. It is a hold because it is at an all time high. They went up a lot based on the fidget spinner.

He likes it for its ad growth. They are growing revenues at 45% and the bottom line at 38% while trading at 31 times earnings. The exit strategy would be to watch for the growth rate declining. (Analysts’ target: $210.00).