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Chris Lau

Mid-week Moves for Wednesday, September 26, 2018

Canopy Growth $CGC and Tilray $TLRY regained some ground. It’s the last rally before weed is legalized in Canada. Enjoy the run.

O&G drilling is dirt cheap. Watch $ESV, $RIG.

Gold found some life on the Barrick $ABX / $GOLD merger. Avoid the sector. Dead money. Especially $JNUG.

$GE continued its run lower, donw 4% to $11.27. As other VS members commented, the company is done. GE is re-living 2008-09.

Amarin $AMRN. Wow. Fish oil to treat heart diseases?

Ford $F looks to be falling towards $9. The dividend is fine, though.

$NBEV is riding the weed rally but this won’t last.

With trade wars escalating, resource prices will go up due to shortages and slowing output. Watch $VALE, $CLF, $FCX.

$JD is starting to bottom but it is a long way from the $40’s. 

Energy is hot. Pick up $XOM, $COP, $CVX.

Our usual tech ideas are in a holding pattern. Watch $AMD, $MU for now.

What are your trades for Wednesday?

$JD, JD.com, Inc. - American Depositary Shares / H1