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Preston

Preston

The Artist Formerly Known as Goldust
CH1 said:
I bot the GLD 240C that expire 06.17.22. 1.40 each. 20 of them for $2800

My thesis is this asset class has done nothing for 10 yrs...and with all the Fed money printing pushing every asset class and alternative investment you can dream of to bubble levels, I think good old gold will eventually get its day and rip to all time highs and beyond.

Spot Gold is at 1779 today. If it doesn't hold 1700, I'll sell my calls and take a $500-$700 loss.

But I see 2200 as my first target. So the r/r is quite attractive.
Click to expand...
Got in at 1.36 based on the fundy thesis. Also bought some Sep 30 193 calls based on the chart thesis. Double bottom. Looks so much like it (and SLV) did back in May and heading into June. History doesn't have to repeat itself but as you said, r/r is attractive. Will take the small losses if support is lost. A ~15% move to test last years highs this summer ain't the unlikeliest thing in the world IMO. Cheap bet to make for me.
 
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Preston

Preston

The Artist Formerly Known as Goldust
And our baby SHG looks poised to do some stupid run again. Has done 63% in 4 days after they released earnings that were unsurprisingly terrible. Uninformed panic sellers gobbled up by smart money.

Disclaimer: I was not part of that smart money but I do still hold a small position.
 
Preston

Preston

The Artist Formerly Known as Goldust
Noticed that CERE is trading at $10. Might take a flyer on a bunch of shares in the hopes that we get big time legislative news between now and the deal closure/De-SPACing at some point this summer. If the sector is still weak sauce I'll redeem and break-even. Have a lotta cash on the sidelines so might as well take advantage even if it's more likely just dead money in the end!
 
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Preston

Preston

The Artist Formerly Known as Goldust

Green Thumb Industries Announces US $217 Million Senior Debt Financing

Secures Additional Funding at Industry Leading Interest Rate of 7% Retires Existing Senior Secured Debt due May 2023 Low-Cost Capital Strengthens Balance Sheet to Accelerate U.S. Expansion Strategy CHICAGO and VANCOUVER, British Columbia, April 30, 2021 (GLOBE NEWSWIRE) - Green Thumb...
investors.gtigrows.com investors.gtigrows.com

Holy shit balls that interest rate is way fucking beyond anything I've seen in this sector. I'm sure my boy CH1 will be all over those warrants!
 
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Preston

Preston

The Artist Formerly Known as Goldust
Starting to build a position in Verano. Their Q4 earnings were quietly incredible and the stock keeps tanking. Shares likely being unlocked with absolutely 0 buying pressure. I'm going to add periodically slowly. They are the best value of the big boys right now I think. Trulieve-esque profitability with a wider footprint. Market cap under 5 billy. Cheapest of the big 5 and they should probably be #3.
 
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Preston

Preston

The Artist Formerly Known as Goldust
Poopy companies dont = poopy purchase. Many times those will get you the best moves! You killed that one.

They may actually get better if their guidance for 2021 holds up but for now I wanna see it before I believe it!!!
 
Preston

Preston

The Artist Formerly Known as Goldust
If there's continuation into next week, I can't think of many with the potential upside of CXXI. Down 50% from 2021 highs and it has barely budged off of recent lows so far.

/Position
 
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Preston

Preston

The Artist Formerly Known as Goldust
1% away from ATHs in the weed folio. SHG is also in this folio and it has been trading like a weed stock lately so that has helped.


What a day. Continuation into next week and leading up to earnings week would be glorious. This week was a good time to jump back in a bit more. Now I am eagerly anticipating one of them crazy CXXI moves. All it needs is volume. It got none of that today. Hasn't been getting much of that since February. Eventually money pivots into smaller names and it doesn't need much to do 5, 10, 15, 20, 50%. Need the sector to stay hot till earnings week, which isn't far away! Just 5 more days of trading.
 
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Preston

Preston

The Artist Formerly Known as Goldust
Big Ben acquires and enters Virginia!! Big move there. Been awhile since they've had any m&a action.

$82.5m. Steep price. But Ben has never led me astray.
 
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