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Hey Nerds: Blockchain

Anyway I'm assuming they sell off today but cash flow positive in this space is a big fucking deal.

EDIT: One thing I will say that I often get fooled on is that they report in CAD, not USD like the others. So it's a BIT less rosy than it appears. But still obscene growth. With more to come.
 
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Presto was wrongo. Terrascend is popping the fuck off despite the hot chart and broad market struggles.
 
Oh well, can't go wrong with taking profits in the midst of sector consolidation. I suppose the cash flow positive bit wasn't priced in.

4 hour, daily, and weekly RSIs are sizzlingly hot and overbought but you can't beat news sometimes.
 
As for the rest of the sector, volume will be the hint for me. Weak volume yesterday on the pullbacks. If we see decreasing bear volume that's pretty bullish.
 
Continuing to tiptoe into some names. Added a touch of Green Thumb at 18.90 today. I don't think it's done consolidating (though who the fuck knows?) but the plan is to keep buying little by little as she fades.
 
CH1 said:
what a time to be alive.

my GTII target is $75 in three years
Click to expand...
That would make them a $12b market cap assuming no dilution. They've been doubling revenues every year. In 3 years they may be pulling in 3-5 billy at this rate. Maybe more.

$75 ain't a crazy target.
 
Preston said:
That would make them a $12b market cap assuming no dilution. They've been doubling revenues every year. In 3 years they may be pulling in 3-5 billy at this rate. Maybe more.

$75 ain't a crazy target.
Click to expand...

exactly....
 
bought FB calls at 264.50...maybe second mouse gets the cheese after yesterday's fakeout
 


This guy is a MJ homer but...


Todd Harrison
@todd_harrison
·
11h

I said to my team last week there’s a scenario
@Trulieve
trades par (C$100) by New Years. May require SAFE + electoral sweep + institutional bum rush but it’s far from a zero percent probability. Implies CURA $C20 / GTI $C5O / TER C$10 etc. /positions


Dude is convinced. Keep in mind he's the zeke of pot stocks.
 
Trulieve still holding the lows of August 14th is extremely encouraging. Looks like the best chart of the bunch. But once that's done consolidating, the others will join them, even if they look weaker at the moment.
 
CH1 said:
Todd has been very early on Cannabis...started pounding the table in 2012. The guy is sharp and all in on cannabis.

Here's an article from 2014. https://finance.yahoo.com/blogs/dai...decade--minyanville-s-harrison-162358070.html
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Oh yeah, he's a good one. BUT he's had a LOT of misses too. He went beyond bullish on Australia cannabis and lost a fuckton. He's right about US cannabis now though. The picture is a lot clearer and it is a lot less speculative than it once was.
 
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