📝 The Cheat Sheet - November 16, 2019

 
Profit Trends
 
 
📝 The Cheat Sheet
 
 
+19.52% YTD +27.87% YTD +23.89% YTD
Dow Jones Industrial Average Nasdaq Composite S&P 500 Index
 
Man Stuck in Box

North American Marijuana Markets Suffer From Growing Pains

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Doctor Pouring Liquid

Most Overvalued Biotech Stocks in 2019

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Oil Rig Workers Silhouette

Conventional Oil and Gas Discoveries Hit 70-Year Lows

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Have You Heard About the "Billionaire's Launch Pad"?
 
Money On Phone

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Latest Vaping News: Where Did We Go Wrong?
Video - CannaBiz Now! Thumbnail
 
Left Quote Prohibition is the only reason that the illicit market exists... Had we been able to study cannabis, had we been able to regulate it... I think that we wouldn't have seen this [vaping] issue come up at all. Right Quote
  - Morgan Fox
National Cannabis Industry Association
 
 
Chart - Overbought Biotech Stocks
The relative strength index (RSI) is an indicator we've used in the past. A reading below 30 means a stock is "oversold," whereas a reading above 70 means it is "overbought."

Shares of all of these companies are trading at or near 52-week highs.

They've enjoyed profitable runs. And as shares have soared, investors have chased after them, pushing them higher and higher into the stratosphere.

That means a great company can have overinflated shares, creating a dangerous air pocket when the winds change.

The important thing to remember is not to chase shares higher. Someone is always buying at the top, driven by the "fear of missing out."

Unfortunately, that's one of the most dangerous mistakes an investor can make.

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