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Hey Nerds: Blockchain

and here we go, quick 13 point slide on SPX out of nowhere. earlier this am we had a fast 30 point slide followed by a quick 20 point rebound
 
Had a sell order at 7.90 for the rest and it filled out of nowhere. Heh. Stifel Nicholas deciding to buy in big batches today.
 
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about 440,000 shares traded today in CBII. That's peanuts for a penny stock but it's huge for CBII.
 
I'm getting a little bearish now....so much celebrating on the interwebs. my retirement account is now filled with a bunch of momo tickers that I had no idea existed last week....everything just goes up. EVSI +20%, BE +10%, and that's just today.

AAPL stock had their best quarter in 10 years.... nobody can explain why, except say BRRR.
 
my day is pretty much over -- held ROKU calls overnight and they exploded up. Bot SPCE calls at the open and they've almost tripled.

locked in profits and started a SPY short hedge
 
So the whole Bernie task force thing with Biden got released. Seems like Biden is still pretty anti weed rec legalization but he may have compromised with full on federal medical legalization.. Which for me, makes me even more bullish on MSOs than a full federal rec legalization. They'll be able to uplist to real exchanges. I'd lose the ability and my edge of trading these pieces of shit but that should result in added legitimacy to the sector and more than likely a major bigly bull run.
 
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Doesn't really help LPs though. I reckon full medical legalization and a whole wack of states going rec legal will only hurt Canadian LPs and help MSOs as the LP barrier to entry just gets extended.
 
Biden is old school but I don't think he's willing to die on the "drugs are bad" hill. He doesn't need to remind anyone that he's 323 yrs old, so being flexible on pot is low hanging fruit.
 
TLDR: Beat the tutes. Get in on these names before they can.


I'm still hoping for a larger dip but I have enough exposure on them that I'm fine if it never happens. At some point (it may come after a 20-50% dip) I think we'll see 100% or more moves across the board just from the hype and added likelihood of Biden winning. Still lotssssssssssss of time so we'll see where we end up before the move comes.
 
Man. Going heavy on Silver was quietly one of my best decisions in my long accounts that I've ever made. At some point I should take profits but man... I'm seeing so few resistances nearby on $SLV. This thing could mother fucking take off to another galaxy.
 
CH1 said:
SLV and GLD will be a force to be reckoned with for the next 18 months.
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Yeah, my trader brain is saying "take profits dumdum" but I just think it's a great one to go long with in this environment. I took profits a few weeks ago and bought more a lot lower so I did one flip.. But just looking at the chart... Next real resistance is ~18.35 and then it's straight up to another galaxy. Just so much room for activities.
 
CH1 said:
will be almost as good as CBII
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I laugh but medical legalization in the US opens up real legit opportunities for them to profit off their data for the first time ever. They don't really have much in terms of competition so there may be somewhat of a chance. I read somewhere that they're looking to get on the TSX too. If they are ever going to be successful it'll be on the heals of some form of US legalization so let's see what they can do. I just need them to hit $10. $1b market cap. Not a lot to ask at all.


NOTE: I'd probably sell most if not all at 20c.
 
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Preston said:
Yeah, my trader brain is saying "take profits dumdum" but I just think it's a great one to go long with in this environment. I took profits a few weeks ago and bought more a lot lower so I did one flip.. But just looking at the chart... Next real resistance is ~18.35 and then it's straight up to another galaxy. Just so much room for activities.
Click to expand...

I sold my near term calls in a bunch of individual miners and GDX and GLD and rolled the money in calls that expire at the end of 2021. Part of my plan not to sweat every tick in precious metals -- as you know, the shakeouts can be severe, without affecting the solid bullish arc.
 
This day (SO FAR) has turned out exactly how I dreamt about it last night. Nice morning to unload my calls. ROKU face ripping. SPCE beasting. (still holding some runners in those) and simultaneously SPY dumping (loaded up on August puts last night)
 
CH1 said:
I sold my near term calls in a bunch of individual miners and GDX and GLD and rolled the money in calls that expire at the end of 2021. Part of my plan not to sweat every tick in precious metals -- as you know, the shakeouts can be severe, without affecting the solid bullish arc.
Click to expand...
Yeah fundamentally, the next year or 2 kinda supports a gold/silver bullish thesis. Happy to finally have that bit of diversity in my long folio. I'll reevaluate every few months but I'm comfortable regardless of the price action.
 
I'm hoping for a 7-10% correction in SPX over the next few weeks. let the air out of the bubble a bit.
 
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