Stocks in Play - December 12th 2025

Stocks in Play: Cannabis

Welcome to today's Stocks in Play report. Below are the key stocks to watch, along with brief x-ray and analysis.

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Yesterday In Review

Stopped out on GEVX for loss. Cut remainders of WVE & OCUL. Both PL & GEMI worked really well. I bought PL on the $15 reaction and GEMI after the $12 U&R (I waited for confirmation so entry at $12.50. Trimmed some DXYZ which is moving really well and gapping up again today. I took ADBE yesterday on the $340 recovery, I didn’t feature this yesterday but I feel like the stock has turned around. Unfortunately due to some human error I seem to have hit a sell order/stop order unknowns to myself at $350! It happens, at least it was profitable. RBRK had a pullback. I’m still in it but reduced the size further yesterday to negate any gap down risk today.

Market Awareness

Futures a bit weak overnight but recovering somewhat into the open. Unlikely much happens in the index today. The weekly still looks fine with some consolidation. Indicators flashing green. VIX tried and failed yesterday. Concentrating on individual names and theme ideas. Positions performing well. No need to overthink things here just process, routine and consistency.

Today’s Picks

CANNABIS: WAPO reported last night that Trump is expected to direct agencies to reclassify Marijuana/Cannabis as a Schedule III drug which would have it in the category of some painkillers. This is not a new rumor and I’ve tried to trade this catalyst several times before only to see it fade. It will likely occur but whether this is another fakeout or not remains to be seen. Cannabis can be a huge theme and if this happens you will see a lot of consolidation and small cannabis companies being bought by bigger alcohol players and pharma. In terms of individual names to trade I think MSOS is the easiest way to express a long on this theme for now. Individual names TLRY, SNDL and CGC likely the alternative. Many of the actual biggest beneficiaries are OTC stocks but for now I’d keep it simple. I’m a bit sketchy whether we have follow through on this report today but I think it would be foolish to not look at it as it could cause a multi quarter run in this sector.

Note: YCBD is a CBD Company that is a nanocap that is pumping this morning. This could be a wild one day play. Mentioning it because I’ll be watching it but I’d exercise a lot of caution, it’s likely a day trade only.

Have a Great Weekend!

Delayed Reaction Watchlist (click here Tradingview)

Sources & Services I Use in my Trading:

• Finviz - Short Interest, Float, Articles, Fundamentals (Free)

• Benzinga Pro - News Source + News Squawk + Earnings Data (Paid)

• Tradingview - Charting & Scanning (Paid)

• BiopharmaIQ - FDA Calendars & Upcoming Catalysts (Paid)

• Koyfin - Fundamental Data (Paid)

• EarningsWhispers - Earnings Calendar (Free)

• Tradersync - Trade Journal (Paid)

_{PS: There are many ways to trade stocks in play. It does not have to be the one that keeps going straight up and sometimes it doesn’t even have to be day one of the catalyst. Everyone must find a setup, timeframe and method that works for them. This list is supposed to educate on the criteria I use and the methods in which I find Stocks in Play. Yours may differ and that is completely okay.}