Are you stressed out and need a release? Boss got you singing the
blues? Well if you are in Colorado, you roll a fat one and as the
kids say "chillax."
I am not sure what "chillax" means, but it appears to be a
combination of chill out and relax. Seems to me they want to do
the same thing twice as hard, which just gives me faith in our
With all the stories of legalized weed, I decided to take a look
at this topic a little more closely. I first took a look at
http://www.marijuana.com/ to learn about this green plant and what
it can do. Then I saw some tweets about something call "kush"
selling for $400 an ounce and I nearly fell back into the couch
and dreamed of easy money.
I mean, $400 an ounce, 16 ounces in a pound, it sounds like I
don't need to dream of being Walter White anymore... more like
The Green Rush
The gold rush sent tons of people west with the promise of riches
hoping that they would "pan out." Today, a similar rush, just of
the green variety has people moving west looking to "pot out."
But there are some road blocks in place that are preventing us
regular people from just setting up shop in CO or WA. Maybe it
would just be easier to buy stock in a company that is already
doing that! DUDE!
Recently I have been watching Growlife and how it
has gotten so high lately. Then I saw that its a penny stock,
and doesn't have a Zacks Rank, so I cannot pass this joint to the
left hand side.
Medbox (MDBX) is another
player in this green space. They have a little different take on
the business as they have a machine that dispenses medication to
individuals based on biometric identification (fingerprints).
Dude! What a great idea! I mean I don't even have to converse with
another human when I am going to get my fix! But seriously, the
firm is just selling the machines and not the green, so this is an
example of buying the bullet makers and not the army in time of
MDBX does not have a Zacks Rank either. I am seeing a trend here.
I Could Ramble On and On and On
I kept looking for a stock that fits this new green space. But
the more I looked, the more I found penny stocks that have ripped
higher. None of which had a Zacks Rank.
What does that mean for me? Well that means I cannot recommend a
good pot stock. I can only sit back and watch as these stocks fire
up as the green rush gets underway. What will change my mind and
get on bong... I mean on board, is if some analysts pick up
coverage of the sector. Then, with earnings estimates, the stock
would become eligible for a Zacks Rank.
Pot stocks are hot, but investors may get burned if they are not
careful. The Zacks Rank will help you find the stocks that are
seeing earnings estimate revisions, and that insight can help you
stick with a higher flyer and prevent you from coming down from a
big high too. As much as I want to recommend one or more of these
stocks, I cannot, but if there are any analysts willing to do a
deep dive into the jungle of pot stocks, I am sure you will have
an instant following!
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Brian Bolan is a Stock Strategist
Zacks.com. He is the Editor in charge of the Zacks Home Run Investor
service, a Buy and Hold service where he recommends the
stocks in the portfolio.
Brian is also the editor of Breakout Growth
trading service that focuses on small cap stocks and also
a risk limiting strategy.
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