Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
May 31, 2018

Baytex versus HMMJ. There is no correlation between these two. BTE-T looks fine technically as he thinks WTI should return back above $70 before year end. The recent breakout is positive, especially since it was basing around $3.50. He does not understand the cannabis market, so can’t render an opinion. “You can’t make an iPhone in your basement, but you can grow marijuana.” He thinks demand is already met, so he would only hold a small lot of HMMJ-T to talk about at cocktail parties.

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Baytex versus HMMJ. There is no correlation between these two. BTE-T looks fine technically as he thinks WTI should return back above $70 before year end. The recent breakout is positive, especially since it was basing around $3.50. He does not understand the cannabis market, so can’t render an opinion. “You can’t make an iPhone in your basement, but you can grow marijuana.” He thinks demand is already met, so he would only hold a small lot of HMMJ-T to talk about at cocktail parties.

COMMENT
COMMENT
May 31, 2018

Baytex versus HMMJ. There is no correlation between these two. BTE-T looks fine technically as he thinks WTI should return back above $70 before year end. The recent breakout is positive, especially since it was basing around $3.50. He does not understand the cannabis market, so can’t render an opinion. “You can’t make an iPhone in your basement, but you can grow marijuana.” He thinks demand is already met, so he would only hold a small lot of HMMJ-T to talk about at cocktail parties.

Show full opinionHide full opinion

Baytex versus HMMJ. There is no correlation between these two. BTE-T looks fine technically as he thinks WTI should return back above $70 before year end. The recent breakout is positive, especially since it was basing around $3.50. He does not understand the cannabis market, so can’t render an opinion. “You can’t make an iPhone in your basement, but you can grow marijuana.” He thinks demand is already met, so he would only hold a small lot of HMMJ-T to talk about at cocktail parties.

COMMENT
COMMENT
May 31, 2018

He used this as a proxy for the Canadian financial sector. Definitely in a downward trend with lower lows and lower highs. Maybe a good time to buy, but would be speculative at this point.

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Royal Bank (RY-T)
May 31, 2018

He used this as a proxy for the Canadian financial sector. Definitely in a downward trend with lower lows and lower highs. Maybe a good time to buy, but would be speculative at this point.

DON'T BUY
DON'T BUY
May 31, 2018

He thinks this chart looks weak right now. The move below a gap up back in November is worrisome. He would not be buying right now. He sees support around $79 with resistance at $87.

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Walmart Inc (WMT-N)
May 31, 2018

He thinks this chart looks weak right now. The move below a gap up back in November is worrisome. He would not be buying right now. He sees support around $79 with resistance at $87.

BUY
BUY
May 31, 2018

A very good looking chart. It has a nice upward trend and he sees it as a buy. A 50 day moving average would be a good reduce point to lock in gains and the 100 day as a stop. He likes that it is breaking into new highs. A hard stop would be $142.

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MSCI Inc. (MSCI-N)
May 31, 2018

A very good looking chart. It has a nice upward trend and he sees it as a buy. A 50 day moving average would be a good reduce point to lock in gains and the 100 day as a stop. He likes that it is breaking into new highs. A hard stop would be $142.

BUY
BUY
May 31, 2018

First Canadian company trading over $1000. The chart looks really good from the early-April rally point. It is looking a little over-extended and could be subject to a pause. A 50 day moving average would be a good reduce point to lock in gains and the 100 day as a stop.

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First Canadian company trading over $1000. The chart looks really good from the early-April rally point. It is looking a little over-extended and could be subject to a pause. A 50 day moving average would be a good reduce point to lock in gains and the 100 day as a stop.

DON'T BUY
DON'T BUY
May 31, 2018

A smaller company that has entered into a wide consolidation range. The volume is not as high as he would like. It is encouraging to see the successful test at $2.70. He would use this as the exit point. There is no strong trend – he would pass.

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A smaller company that has entered into a wide consolidation range. The volume is not as high as he would like. It is encouraging to see the successful test at $2.70. He would use this as the exit point. There is no strong trend – he would pass.