We don’t go bottom-fishing around here often. Fighting trends is not my idea of a good time.
But every so often we’ll come across a beaten-up name that has so decisively destroyed bulls that there is no fight left in them. And when all the hot money has capitulated and exited their positions, THEN it becomes a compelling idea.
One such name in the Marijuana space — yep, that utterly annihilated sector — has found support at a key former resistance level after a 90% pullback from all-time highs