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Hey Nerds: Blockchain

I stay away from options. I know my lane.

Actually, funny story, I haven't touched a pot stock in a dog's age but yesterday my buddy was like hey buy some thumb with me. And I noticed it had been trading sideways for awhile, clear support level not far below, and with the Senate in session soon (and inflows coming into the MSOs etf lately with the broad market looking robust) I took a decent chunk. There were enough tailwinds to give it a whirl.

This morning I almost bailed but it just held support until... Yeah clean 20% gains in a matter of minutes. My friend? He sold yesterday for a small loss. He's not happy folks.

Big portion of this game is luck. Day 2 after my long exodus from the sector, the rescheduling news hits.
 
CH1 said:
Are you trying to stave off a tax event?

If not you could reduce position size.

I’d rather sell calls equal to my amount of my holdings — then I keep the premium if my stick flounders or even goes up a bit
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yeah I think reallocating is much smarter. I'm in a spot where I've done really well this year and I'd hate to lose the gains.
 
Preston said:
I stay away from options. I know my lane.

Actually, funny story, I haven't touched a pot stock in a dog's age but yesterday my buddy was like hey buy some thumb with me. And I noticed it had been trading sideways for awhile, clear support level not far below, and with the Senate in session soon (and inflows coming into the MSOs etf lately with the broad market looking robust) I took a decent chunk. There were enough tailwinds to give it a whirl.

This morning I almost bailed but it just held support until... Yeah clean 20% gains in a matter of minutes. My friend? He sold yesterday for a small loss. He's not happy folks.

Big portion of this game is luck. Day 2 after my long exodus from the sector, the rescheduling news hits.
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Holy shit, fuck you, man. I finally sold that piece of shit last month at around $7.50. I cursed the Presty name as I clicked on sell.
 
I think I'm going to demand that Presty take my shitty sale proceeds and day trade it up 4x or 5x and make me whole.

And no, it's a package deal, can't just take my shitty sale proceeds.
 
LeafOfFaith said:
I think I'm going to demand that Presty take my shitty sale proceeds and day trade it up 4x or 5x and make me whole.

And no, it's a package deal, can't just take my shitty sale proceeds.
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The horseshoes up my ass have limits. Today's events were nothing but luck. My past life on weed stocks was only 80% luck. If you squint a bit you can see some sound decision making there at times. Though in hindsight much of it was wreckless.

My biggest stock gainer ever is now at 0. Literal 0. I put a significant amount of money into a stock that is now bankrupt and delisted. But thankfully ch1 and I sold into that pump.
 
Preston said:
But thankfully ch1 and I sold into that pump.
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I thought I was buying a cannabis penny stock but ended up owning the future of healthcare.

I still can’t believe it — who was on the other side of our trades?
 
Skylight's process to determine if any opportunities exist to maximize the remaining value of its corporate assets must be expedited due to the limited remaining liquidity of the Company, and will be implemented over the upcoming 90 days. Any parties interested in engaging in discussions regarding such opportunities are encouraged to contact the Company at [email protected]. The Company is not forecasted to have sufficient liquidity to continue past this 90 day period.
 
March 2020- March 2021 was the craziest 12 months of my investing life and it will never be replicated. And it scared the fuck out of me at the time. None of that shit was normal. The bigger the piece of shit you owned, the harder it ran.

I bought cb2/skylight at 10c thinking it's maybe a 30c stock? If fucking lucky? Ended up going to almost $2 because Telehealth baby!
 
I took a flyer on your old friend today, CXXI @CH1 .

There was a weird 38c ask at some point with very minimal asks up till 45c, and nothing at all till 40c. So I sold my Verano (which I bought earlier today when it was lagging big time) and took a flyer on CXXI and just like that I made 17%. Very thinly traded tho, hard to say if I'll be able to actually sell my shares at those levels tomorrow.
 
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JPOW got hawkish again yesterday.

I bot puts at 3:30 yesterday, woke up to a four bagger win. Rolled the strikes further away.

Bulls need to defend the market at these levels, or a 5% swoon can came quickly
 
CH1 said:
JPOW got hawkish again yesterday.

I bot puts at 3:30 yesterday, woke up to a four bagger win. Rolled the strikes further away.

Bulls need to defend the market at these levels, or a 5% swoon can came quickly
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You've got some balls to act on that. Awesome move. Fundamental bears have been very very loud with their nonstop whining lately because the market wasn't doing what they believed it should. Now it looks like they may get some action.
 
Preston said:
You've got some balls to act on that. Awesome move. Fundamental bears have been very very loud with their nonstop whining lately because the market wasn't doing what they believed it should. Now it looks like they may get some action.
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Not really that ballet. My total risk was well defined — max loss was $325 per contract. Cashed out at $1350/$1400 an hour ago
 
I can't tell if I find Michael Gayed hilarious or annoying. Either way, he gets clicks and engagement like few others.



So I am friendly with an ETF manager with a ~50m AUM and he knows Gayed quite well. Some of the stories he told me about him are out of control hilarious and it's taking everything within me to not put him on blast. I'll just say he loves the attention, will say anything to get reactions, and is not very well liked amongst the "community" for this reason.
 
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