Pot stocks were all overbought in the hype last year and that was the reason for the correction and now a lot of them are oversold, not all though as some still have a massive market cap with no revenue insight for a while yet.
But just when you think its all doom and gloom is when the smart money starts buying up again. As the saying goes you sell in strength and buy in weakness.
AEB is more than just a pot stock though, with multiple avenues for revenue. That is the reason its the only stock in this sector that I currently hold.
Do be prepared for another shake of the tree to get rid of weak hands, a double bottom off 2.8c won't surprise me before the next move up.
AEB Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
