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Hey Nerds: Blockchain

Pretty hard to feel much sympathy for people trying to run companies into bankruptcy that depend on busy retail outlets for their existence during a worldwide fucking pandemic.
 
AMC was trading at half of what it is now one year ago, before any of us had heard of corona, and after year after year of box office records being set. And who knows what the appetite and theater-going experience is going to be coming out of the virus many months from now. It’s running on fumes and trading at a price that nothing can justify except people hoping for GME part deux. Not something I’d touch, but sure if it goes to $422, you’ll be sitting pretty.
 
It was definitely intriguing at $10 or less, it's up over $13 US now so it's basically a play on Reddit at this point. Who the hell knows what will happen next?
 
The one annoying thing about msos is their lack of disclosure. We don't get a breakdown on how each state does (is Florida even profitable for company X? How much revenue is made in state Y?) and we don't get fine details on expansion efforts. There have been many times where I've relied on fucking local newspapers to decipher Green thumbs cultivation expansion plans and when they're coming online... it makes me feel like a degenerate but It's one of the reasons why I can pretty consistently do better than analyst projections because at this stage revenue growth largely comes when these expansions come online. This is information that I don't even see on twitter. There was one particular earning report of theirs that I played aggressively because of information I found in a local Illinois newspaper... I felt analysts projections were off by at least 20% and I was right in the end. Deepfuckingvalue'd. For Curaleaf, they always provide guidance ahead of time so you usually don't see much of a move post-earnings on them. Trulieve has their data out there on a weekly basis, though analysts often still miss the mark on them... They don't really do their homework in this sector at the moment.

Anyway... If anyone is genuinely interested I can give a more in depth breakdown on some companies. It often helps me digest everything so I don't mind it.
 
SLV hanging out at 9 year highs. What a time to be alive. Spy with a beautiful uptick as well and gme... At 4% we'll call it flat.
 
CH1 said:
yea...and MSOS has some of the 3rd tier little guys like CXII, JUSH, HARV that may actually outperform the big 4 in a bubble type scenario

CCHW might be the most undervalued 2nd tier name...and it comprises 3.8% of MSOS
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My issue with msos are:

1. The fees of course, as with any etf, though these in particular look rough
2. They can legally only put 80% in actual msos, though maybe that changes soon. The rest is in some trash that I'm personally not interested in. So 20% of the holdings won't take part in any potential upcoming bubble. In fact, many of them like IIPR may actually even tank. Limits upside in a big way I feel..

I'm generally okay with the ETF for the casual investor but it's nowhere near the best way to play the sector.
 
MindzEye said:
Eh, they're both just organized short squeezes at heart.

GME had 140% of the float in shorts. Gamestop wasn't bankrupt and wasn't going bankrupt, but hedge funds had decided that it was dead and they were going to kill it. It was Wall Street predation and nothing more at work. This irrational fuckery isn't about gamestop being a 25 billion dollar company, it was about catching some predatory douchebags with their pants down.
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Yes, a big part of it is the shorting. It’s also a Reddit mob inflating the stock price which has made a few people who incited that mob filthy rich.
 
Shit. Why didn't I buy Novavax before? Considering how eye popping their early data was they were always going to have the most efficacy of all of the vaccines, including the mrna ones, on the original variant. Market clearly never priced that in. Up about 75% in the last two days now. Oops.
 
Re: MSOS I agree that diversification has it’s disadvantages, but it also has advantages in that you don’t have to scour local papers from Idaho if you don’t want to. It’s not my main way to play the sector, but I use it to amp my exposure from time to time
 
CH1 said:
Re: MSOS I agree that diversification has it’s disadvantages, but it also has advantages in that you don’t have to scour local papers from Idaho if you don’t want to. It’s not my main way to play the sector, but I use it to amp my exposure from time to time
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Of course. As I mentioned, the ETF is solid for the casual investor and entirely worth the extremely high fees. I mostly just don't love that 20% is made up of a bunch of CBD trash or overvalued REITs that will be in trouble once SAFE is passed. Maybe that changes and they eventually are legally allowed to go 100% on MSOs though.
 
Oddly enough, HMUS on the NEO has outperformed MSOS since MSOS inception. I suspect it's because of the limitations that MSOS has. I trust that MSOS as a whole is managed better, but they're only working with a max of 80% multi-state operators unlike HMUS.
 
I thought that ETF was about hummus. I'm a little disappointed, frankly.

1612186236308.png
 
Last I checked the volume on that ETF is just about enough to buy a few hundred grams of hummus so you're not far off.

EDIT: Also their holdings are all out of whack and a bit ridiculous. Definitely prefer the MSOS management. They're obviously handcuffed but they manage it really well.
 

Liberty Health Sciences Reports Fiscal Year 2021 Third Quarter Financial Results

/PRNewswire/ - Liberty Health Sciences Inc. (CSE: LHS) (OTCQX: LHSIF) www.libertyhealthsciences.com ("Liberty" or the "Company"), a provider of high-quality...
www.prnewswire.com www.prnewswire.com

Liberty hid this announcement on Friday.. Ugly obviously, but not unexpected based on the public data available in Florida. Ayr swooped in at the company's ultimate lows. They have a lot of assets compared to Bluma.. Just brutally managed and really struggled to grow product, which can be very challenging in Florida. They started getting their shit together in December, which makes me feel like the humidity in the summer months gives them a real problem. They aren't the only ones.. Curaleaf in particular has had similar issues growing in Florida. Will be interesting to see if Ayr can turn that ship around.
 
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this gap up ruined most of my individual stock setups for today; might be a quiet one
 
Did anything change with them? Last I checked they were almost bankrupt... Or is this just one of the 5000 short squeeze attempts out there on trash cos??
 
Preston said:
Did anything change with them? Last I checked they were almost bankrupt... Or is this just one of the 5000 short squeeze attempts out there on trash cos??
Click to expand...

I don't see any changes in fundies, but I see it getting twitter love once a month. Cheap way to daytrade the sector, I guess.

A spy told me that your boy Redler bot some this am at .98
 
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