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Hey Nerds: Blockchain

caught a real humdinger options play with JMIA

15 cent calls from yesterday trading at 85 cents (still own some)

also bought a few shares for the LT folio. The AMZN of Africa was $60 at one point. Now 5.70. Good play if you believe in Africa long term.
 
CH1 said:
caught a real humdinger options play with JMIA

15 cent calls from yesterday trading at 85 cents (still own some)

also bought a few shares for the LT folio. The AMZN of Africa was $60 at one point. Now 5.70. Good play if you believe in Africa long term.
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it's been sitting in my portfolio for a while...took a bath on it...so just gonna sit on it
 
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@CH1 I don't know if it's being mentioned on the Twitters but fyi if you're confused about the weed action this week... The MJUS etf is rebalancing. And based on what they did in Friday it looks like lots of buying of tier 2 illiquid products. Aawh, cbst, jush.

All up 6% or more today at the moment. You can see it in the buys, they're using the National Bank to buy and Nat Bank is smashing the ask every 5 min or so. Lovely efficient sector isn't it?

Could be a dump on those names when they're done rebalancing. Should go till eow and maybe into next week but no way to know for sure.
 
thanks @Preston

I had not noticed at all...wish I had! I do own some CBST and VRNO so will keep an eye on them!
 
CH1 said:
thanks @Preston

I had not noticed at all...wish I had! I do own some CBST and VRNO so will keep an eye on them!
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Yeah I got back in on some cbst a few weeks ago. They're making a real nice comeback with new leadership.

But as for this week their strength looks like it'll be purely manufactured by the etf.
 
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Preston said:
Yeah I got back in on some cbst a few weeks ago. They're making a real nice comeback with new leadership.

But as for this week their strength looks like it'll be purely manufactured by the etf.
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Do you have a take on Glass House Brands? I bought a small position about a month ago, and it trades pretty well.
 
CH1 said:
Do you have a take on Glass House Brands? I bought a small position about a month ago, and it trades pretty well.
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I don't know much about them tbh. Longterm highly speculative play. Performance has been awesome this year. One of the stronger stocks in the sector.
 
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CH1 said:
stocks that go up for no reason are the best
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They're so different than every other weed stock. Completely different thesis and set of weaknesses/strengths. It has always interested me but by the time they became on my radar I already committed to doing less hard research on the sector.
 
Here's what I mean by the ETF buying CBST every 5-6 min btw. I know from past rebalances that they use Nat Bank.

1723480298862.png

Jushi, AAWH, and a few others look similar. Basically the less liquid the stock is, the more it will go up (as long as they keep buying). AAWH would have been perfect. I wish I noticed this on Friday. Went from 90c on Friday up to 1.08 today.
 
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Preston said:
Here's what I mean by the ETF buying CBST every 5-6 min btw. I know from past rebalances that they use Nat Bank.

View attachment 21572

Jushi, AAWH, and a few others look similar. Basically the less liquid the stock is, the more it'll will go up (as long as they keep buying). AAWH would have been perfect. I wish I noticed this on Friday. Went from 90c on Friday up to 1.08 today.
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That’s impressive intel. I wonder if Todd Harrison has that info ahead of time since he’s an advisor to MSOS
 
CH1 said:
That’s impressive intel. I wonder if Todd Harrison has that info ahead of time since he’s an advisor to MSOS
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I'm sure many people out there have this info and keep it to themselves. I haven't looked at twitter today.. Usually people eventually catch on but often when it's too late.

I used to mark certain ETF rebalances on my calendar and try to gain an edge off it by buying some underperforming assets ahead of time. I no longer hustle like that. But the sector has always been known to rebalance irresponsibly. It's a very easy way to make money in this sector tbh.

Last time they rebalanced, they sold the shit out of TRUL because it was an outperforming asset. I bought the shit out of the dip because it was manufactured fake price action and when the rebalancing ended it was a quick and easy 20% rip or so. I think I posted about that in this thread.

This time I'm just riding CBST. I don't want to chase because they can technically stop buying at any time and it often results in a dump once they're done. But this is only day 2 so it should have more legs.
 
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