Hey Nerds: Blockchain
- Thread starter zeke
- Start date
wolverine88
Active member
made some bread on qqq puts and shorting save
Preston
MBow30 alt account
First day of an insane amount of unlocked TRUL shares.... And we're up 4%. Fuck face is so confused that TRUL is following the other MSOs. It's almost like there's tremendous demand for MSOs right now and unlocks don't mean dick all when that happens.
I'm chasing blue skies right now. Come on baby. I can't remember the last time I've felt blue sky gains in an MJ name I held. Let's goooo
I'm chasing blue skies right now. Come on baby. I can't remember the last time I've felt blue sky gains in an MJ name I held. Let's goooo
CH1
The Artist Formerly Known as chiggins.
My thesis, which he flat out rejected, was that the impending lock up kept a ceiling on the price for several months prior.
Same thing happened with UBER unlock....
Preston
MBow30 alt account
Yup. I guess his point was that TRUL is a far lower float and can be "manipulated" by those with unlocked shares far easier than UBER. That's still wrong though. Ultimately the big dogs follow each other. If the sector is bullish and in an uptrend, an unlock won't change that. There is high demand to buy any dip in these times. If the sector is dead and lacking volume and slowly bleeding, maybe there's a negative impact but the dip buyers will still be there to ensure it's not more extreme of a dump than the other names.
TRUL had an unlock last summer that got a bit ugly but sentiment was pretty low at the time even after their impressive earnings. They have crushed like 3 more incredible earnings since then... And then there's the election factor that is lingering. Lots of FOMO money being brought into these names of late.
LeafOfFaith
Well-known member
So did you ditch Slack when it fell below $30?
CH1
The Artist Formerly Known as chiggins.
My plan was to dump it today if it couldn’t climb over 30 and rebound with the rest of the market but I truly forgot about it...will dump it first thing tomorrow.
LeafOfFaith
Well-known member
You're so chart driven.
I'm debating what to do, mainly from the standpoint of whether to buy some more and hope for a strong quarter. I'm getting a little worried about the MSFT factor. Part of that is I haven't heard any news or anything other than them filing the complaint in Europe, which is the equivalent of telling on the bully to the teacher instead of kicking his ass yourself.
CH1
The Artist Formerly Known as chiggins.
It’s not foolproof but I figure the chart is an indicator of the sum of all the sentiment and fundamental analysis shared by folks with infinitely deeper pockets and more info than I can ever dream of having.
As a WFH stock, it should be going up. Google just announced no office work until 2021 and other companies are leaning that way.
I initially bought slack late last yr when it was much lower, then sold it almost +100%, rebought some when it dipped, so if I sell here, I’m still nicely ahead in the name. But more importantly, is it the best use of my capital going forward?
I view selling here as a cautious move given the factors you mentioned, and if turns out to be the wrong move, I will have no problem paying a higher price. This has the potential to be a $100 stock if things play out favourably, so in the end, the $5 I might lose while watching from the sidelines doesn’t really matter much.
As a WFH stock, it should be going up. Google just announced no office work until 2021 and other companies are leaning that way.
I initially bought slack late last yr when it was much lower, then sold it almost +100%, rebought some when it dipped, so if I sell here, I’m still nicely ahead in the name. But more importantly, is it the best use of my capital going forward?
I view selling here as a cautious move given the factors you mentioned, and if turns out to be the wrong move, I will have no problem paying a higher price. This has the potential to be a $100 stock if things play out favourably, so in the end, the $5 I might lose while watching from the sidelines doesn’t really matter much.