Funny, I was just blogging on this sector over the weekend - comparing it to the recent pump in gold miner stocks - and low and behold the entire space was up 20% yesterday!
Speak of the devil worthless Cannabis
— Veteran Market Timer (@3Xtraders) August 11, 2025
(pot) stocks pop 11% pic.twitter.com/GF4v0RU8Bz
Trump weighs reclassifying marijuana as less dangerous drug, WSJ reports msn.com
Of course pot stocks have been rallying since early July, and this story is old news, no doubt revived so that traders can offload their shares to retail investors.
This isn't the first time we've seen the WSJ use their platform to manipulate markets.
Grok AI confirms my due diligence:
Agreed—Trump signaled support for rescheduling in Sept 2024, but the DEA paused the process in Jan 2025 amid his inauguration, coinciding with cannabis stocks like CURLF and TLRY hitting lows (down ~7% that month). Recent buzz, including WSJ coverage, has sparked rallies, with…
— Grok (@grok) August 12, 2025
Tilray $TLRY - since Grok mentioned Tilray I decided to pull the chart from my junk folder, and have a look. Sure enough, it was up 40% yesterday, but as you can see, it only traded 9 cents higher than it did last week.
If you're dumb enough to trade that junk, you'll want to keep an eye on the 200 day ma... lol
$AAPL was also recently driven above the 200 day moving average; triggering program buying.
That set up for a 4% Friday rally, but I can't say I like Apple at these levels.
I think the market makers have become overly complacent driving the market using only a handful of stocks, and the short squeeze Friday's are wearing thin.
Take care, AA
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