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Hey Nerds: Blockchain

E Trade pro is a really god chart service btw, but I don't like Etrade as much as TD Ameritrade. I have two US trading accounts they dwarf canadian brokerage platforms which are pretty awful .
 
Preston said:
Anyway the MSO "holy trinity" of Cresco GTI and CURA will have earnings in March so it might be something worth watching. It's all at the mercy of the broad market though in the end.
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VLNS had killer earnings, smart management team but got swept up in the massive selling. Held my nose and bought more at a 33% discount.

I don't want to lose my patience with pot, but I'm getting close. The lack of institutional support makes them trade like ass.
 
Preston said:
Anyway the MSO "holy trinity" of Cresco GTI and CURA will have earnings in March so it might be something worth watching. It's all at the mercy of the broad market though in the end.
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Not that it's gospel, but I was reading the Cantor Fitzgerald coverage reports issued last week.

They are neutral on CURA, GTII

Overweight on TRUL, Cresco
 
CH1 said:
VLNS had killer earnings, smart management team but got swept up in the massive selling. Held my nose and bought more at a 33% discount.

I don't want to lose my patience with pot, but I'm getting close. The lack of institutional support makes them trade like ass.
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Yeah it's a horse shit sector with very few catalysts upcoming. I've definitely gone a lot lighter than I have in the past and no longer holding long. Buying GTII in the 10's and selling in the 12's/13's has basically been my main play since I got back into pot stocks in August of last year. The only things keeping me from bailing entirely is 1. I have a strong read on these names. I've spent a lot of time playing them so I feel comfortable in my reads. I've done very well despite the downtrend.. If we ever get a run going things should be able to fly like the old days. Until bulls prove otherwise, I'm fading the pops though.
 
CH1 said:
Just when retail investors got back into the market in full force swapping stock tips.

Morgan Stanley marked a short term top, buying E-Trade (5 million customers) just last week. Can't make this shit up.
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Holy shit
 
Makes sense. My read on pot stocks is mediocre. I don't know which operators to trust, quite frankly. I'll stick to US tech/growth for cash flow production.
 
CH1 said:
Not that it's gospel, but I was reading the Cantor Fitzgerald coverage reports issued last week.

They are neutral on CURA, GTII

Overweight on TRUL, Cresco
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Yes I saw that. Read the reports.. It's basically the only analysis I've seen that is neutral on CURA and GTII. PT's were quite high though, especially relative to today. TRUL is a slam dunk. I have some of them too. Profitable, growing at a ridiculous rate and cashed up. Explosive potential.

As for Cresco... I like them but I didn't love their OH acquisition. Short-term they are entirely reliant on Illinois carrying them in a way that TRUL gets carried by Florida. They may just be able to get it done but I'm a little more skeptical on them. I think their earnings in March are going to be lackluster. The following ones that include Illinois should see mega growth. That goes for GTII too. CURA... their footprint is too ridiculously large to even know where the fuck they'll be at. But both them and GTII say they'll be cash flow positive within the next couple quarters. That would be a head turner.
 
I think they were tepid on GTII because they deemed them "overextended"...which feels like a nice way of saying they don't trust management to deliver the goods in all their makerts
 
CH1 said:
I think they were tepid on GTII because they deemed them "overextended"...which feels like a nice way of saying they don't trust management to deliver the goods in all their makerts
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That was a weird one for me. I have the exact opposite take. They're a bit too cautious.. which paid off during the capital crunch (that kind of took down harv seems to have worked for Cura), but I feel it may limit their upside when compared to Cresco or Cura. Their strategy is basically to penetrate a select few markets and become leaders as opposed to Curaleaf who are every fucking where. They have a huge presence in Illinois which is pretty damn important at this stage.. that's where there growth will come from in the short term.

Yeah. That was a weird take by them I think. I strongly disagree. They're very calculated with every decision they make. Almost to a fault.
 
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CH1 said:
Thanks man. That makes sense. So, their price target for TRUL ($30 US, $40 CDN) is super aggressive considering the stock is currently trading at less than a third of that target.
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I mean their market cap right now is under 1 billion I believe. They're going to probably do 500 million in 2020 and be profitable. Yeah.... It's aggressive but if stocks made sense and market caps made sense... In a MJ bull their target is not completely insane.

They're going to be big players in any future acquisitions. Can pluck some struggling companies on pennies on the dollar to enter new states. No need to rush though. They're in a great spot.


My only concern with them is that they have all their eggs in one basket. There has been some pushback in Florida regarding the current vertical integration setup that clearly favors them. If that changes all of a sudden things won't look quite as rosy.

But the upside is huge.
 
But ultimate these fucking stocks need to get on a real exchange. There's a half decent chance it happens in the next couple years at least
 
Preston said:
But ultimate these fucking stocks need to get on a real exchange. There's a half decent chance it happens in the next couple years at least
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the f ucking SAFE act has become even more complicated than anticipated
 
CH1 said:
the f ucking SAFE act has become even more complicated than anticipated
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Yeah that shit isn't happening till 2021 which is ridiculous. A dem win would do some good but anyone that believes Bernie can legalize federally is dreaming. Best case for MJ this year is hype from a Bernie run and maybe some polls showing him ahead of trump and whatnot.

If that happens I'm going to sell that pop so hard. Guy keeps repeating that he'll legalize weed day one. No Bernie. No you won't. That's not even possible.
 
Yeah. Even if Bernie becomes Prez, he'll most likely not capture the Senate. So what's he going to do except yell at the GOP for four years.

I lot of finance dudes are panicked the market will crash if Bernie wins. Good buying opp.
 
Didn't like the price action so I took profits on open. Just a waterfall down since then. Scaling back in again. Yeesh.
 
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