Update on APHA and ZBISF Swing Trades
Two lesson so far. Be careful buying in May. If a stock was headed down and then reverses, maybe don’t buy the initial reversal breakout. Wait for the retest of the Low and then buy if it bounces back up.
Both APHA and ZBISF are Cannabis stocks. Bad news hit a lot of Cannabis stocks. The FDA held meetings and reports from the meetings were mixed. After those news reports, Cannabis stocks got hit – ACB for another example. The mixed news about the FDA and the downside reaction was in my opinion premature. Looks like people have realized that and the prices are back to normal.
Still holding both APHA and ZBISF.
Disclaimer: This post is not meant as Investment Advice, nor is it advice to buy or sell any shares in any company.. Do your own Due Diligence. Seek out the advice of your own financial and investment advisors before risking any funds in the Stock or Futures Markets. You can lose money and even all of it when investing at the Stock Market Casinos. This post is for my own educational purposes.
Posted by: Vincent Banial