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ThinkLikeaWhaleTLAW
Apr 2, 2021 8:01 PM

IIPR Devils Lettuce Up to 200 down to 165 then onto 230 Long

Innovative Industrial Properties, Inc.NYSE

Description

Not financial advice
Great opportunity here.
One of the best pure plays in the ever-growing Marijuana industry.
Wonderful pattern it forming.
Has consistently formed same pattern.
Which I documented in the chart.
Not only that.
Their adjusted funds from operations or AFFO
Per share is up 53%.
And odds are they'll also pay a dividend this year as well. Considering their "tax treatments" they have to adhere to for being A REIT.
Support the legalizedhustler
#hustlabynature
#financialnostradamus
#poorfromtheoutside
Soon to be cccllc
Comments
UI00
Price will go back in time? Interesting!
ThinkLikeaWhaleTLAW
@UI00,
I believe we hit around the 198 range or so if I'm not mistaken. Maybe 193 cant remember lol..
But yes I see this oattern quite frequently and its buying at the bottom for the rise up
Its a box trading strategy I use.
Just takes a while for it to come to fruition because I'm used to fast paced world of crypto trading.
thiagocassimiroferraz
great tutorial how do i learn and study these contents more?
ThinkLikeaWhaleTLAW
@thiagocassimiroferraz,
Look at the financials of the company.
Also how many states they operate in.
They have over I believe 65 or so properties and with more states lessening regulations /medicinal use.
They are primed and ready and their balance books compared to many other same stocks in the field . what makes them different is this is the one industry for cannabis and commercial property succeed. Whereas the other cannabis companies are about the products.
I see really good upside moving forward with this company.
Again thats me speaking
Please do your own research and due diligence.
#poorfromtheoutside
#PFTO
I'll post a link when i find it for you. Of some of the info i stated.
ThinkLikeaWhaleTLAW
@thiagocassimiroferraz,
Heres an older article about them at that time there for was 40% now its 53%.
But this give you an idea of the wonderful biz model they have.
www-fool-com.cdn.ampproject.org/v/s/www.fool.com/amp/investing/2021/01/22/why-is-everyone-talking-about-innovative-industria/?amp_js_v=a6&amp_gsa=1&usqp=mq331AQHKAFQArABIA==
ThinkLikeaWhaleTLAW
@dubsclub @melvinandheather1 @BitonGroup @Muhannadmawed @TheJoeG @jessecolenewsom @NordicTrader93 @shiva5535 @Incogniteaux
Check it out.
This seems to be a wonderful long term hold.
Wonderful fundamentals. Good biz model and way less risk to hold compared to say SNDL . worth a look.
I like this company
TheJoeG
@Legalizedhustler, Just looked at first chart, first thing I notice if what happens after the selling climax - didn't see big bull supply and price action, more like uncertainty. Compare that to the last selling climax, you saw a nice green candle with nice volume as well. I would consider entering if resistance held. It does look like there will be some more bearish movement, potentially to test trend line.
ThinkLikeaWhaleTLAW
@TheJoeG,
Thats why i said 165 as entry. Up to 200ish range then retrace.
But thanks for checking it out.
👍 thought it may peak your interest especially can get in at a good buy.
Have good weekend bro.
#poorfromtheoutside
PFTO
TheJoeG
@Legalizedhustler, I appreciate it bro.
Muhannadmawed
@Legalizedhustler, i like it , i’ll consider an entry when it drops to ~ 165
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