Fade That Move! Reddit Targets Our Favorite Sector

We’ve got an exciting new segment for you today, guys: “Fade That Move!” A segment where we give a contrarian viewpoint to some big moves that happened in the markets. Today’s topic: the pot stock market crash.

We’re sure everyone heard the cannabis sector plummeted Thursday. If you’ve been following us, you know that back in January we said pot stocks could be the sector of the year.

So how did we end up with a crash instead?

Well, it may be because pot stocks like Tilray Inc. (Nasdaq: TLRY) were the latest suggested target of the infamous WallStreetBets crew from Reddit. 

Due to its high short-interest ratios and the pending merger between Tilray and Aphria Inc. (Nasdaq: APHA), some on social media began calling for pot stocks to be the next short squeeze.

The markets got ahead of themselves, though, and the pot stock market crashed.

Are We in or Out After the Pot Stock Market Crash?

We’ve been bullish on cannabis stocks since late last year. With the Democrats having full control of things and the social trend backing CBD products, it was an easy choice. 

For many, the pot stock market crash complicates things.

How can you nibble on a stock that just took as massive of a dive as that?

Well, you have to remember this happened a couple of years ago as well. In 2018 and 2019, cannabis stocks fell hard, with some analysts going so far as to say that they would never bounce back.

That wasn’t the case.

Think back to when the “dot-com” bubble burst in the early 2000s. The companies that managed to come back again, like Amazon.com Inc. (Nasdaq: AMZN), are still around 20 years later and are the biggest internet stocks in the world.

We’re not saying Tilray is going to be the next Amazon… But the signs are positive for companies that can come back from a big crash like the one we saw two years ago.

So what should you do? Check out our first segment of “Fade That Move!” to see what we think of the pot stock market crash going forward.

Feel free to email your trading questions to jeff@joyofthetrade.com and make sure to subscribe to my YouTube channel.

P.S. It’s earnings season, guys. And that means massive profit opportunities are beginning to emerge in the stock market. 

We’re talking about the chance to collect gains like 88%, 106%, 167% and even 178%… simply by tapping into something stock market expert Adam Sarhan calls Alpha Trades. 

You see, Adam has discovered a way to target stocks about to surge higher over the coming weeks — sometimes in as little as a few days. And these Alpha Trades get supercharged around earnings season. 

Just this week alone, hundreds of companies are preparing to present their Q4 earnings. And every single one of them has the potential to become a new Alpha Trade!

Will you be ready when Adam finds the next breakout stock?

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