Wednesday 27 November 2019

Kalytera: A Hot Cannabis Stock Going On A Run

We have been very bullish on Kalytera Therapeutics Inc. (KLY.V) (KALTF) and its warrants KLY.WT.B. Read our article "Buying Cheap Cannabis Warrants: Kalytera Looks Ready For A Run After Getting Unsolicited Offers" for more details. We are up to 868 followers despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. You can follow us on Twitter @StockTradePicks. We have nearly 4,000 followers on Twitter.

KLY has been on fire recently. It was up 29% on 5 million volume in Canada on Wednesday, a follow up to its 17% rise on Tuesday. Volume was over 10 million on KLY.WT.B on Wednesday as well. We think the buying is a sign that a deal is about to take place. KLY has repeatedly stated that it is in discussions with multiple potential partners, including in news release from a few days ago:

"Kalytera is continuing discussions with potential corporate partners for its GVHD program, as it begins planning and preparation for Phase 3 clinical testing of its CBD product in prevention of acute GVHD."

Kalytera is in a great position to get caught up in a bidding war. The company released its Phase 2 results for CBD to treat GVHD over the summer. The trial went so well that the company is cancelling the rest of it and going ahead with its Phase 3.

2019 was a rough year for cannabis stocks, but things are slowly starting to turn around for some companies like Kalytera. As we look ahead to 2020, TradeMiner may be able to help as it identifies seasonal trends and market cycles. Microcap Millionaires finds the next big small cap plays in weed and other industries while Addicted to Profits makes trades from a Canadian perspective. You can also find some insightful information about CBD here.

There are also some good books available such as:

Stock Investing for Beginners: Marijuana Stocks

Make Money Online With Cannabis Stocks: Learn This Basic Strategy and Build Wealth With Cannabis Stocks

Beginner's Guide to Investing in Canadian & US Pot Stocks

Marijuana Stock : Investing in Marijuana Stocks for Passive Income

How To Invest In Cannabis or Marijuana Stocks - Cannabis Investment Group

Here are some other good stock market resources. This includes technical analysis and day trading, dividend stock investing, gold and commodities, sector rotation, options trading and microcap trading strategies:

The dividend stock report from dividendstocksonline.com