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Hey Nerds: Blockchain

This market it starting to concern me. The bull market has gone on long enough as is. But throw in American tax cuts, combined with spending increases paid for by borrowing. Then throw in a whole bunch of inflation thanks to a trade war. Then the fact that you can't really fight inflation by raising interest rates because that will bankrupt everyone with all the personal and national debt thanks to long stretch of extremely low interest rates. Which leaves more bailouts, but that will only devalue the American dollar and lead to further inflation. We are better protected here, but still American recessions effect our markets.

Ultimately I believe in the MJ market long term, but it may be more lucrative to pull out in the not too distant future to preserve the wealth and take advantage of a bear market. Its already a bubble anyway and if you invested a year ago you have made a killing. Tough to put more in now though.
 
HabsFan1 said:
I have TNY and MPX.
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I pulled the pin on my MPX holding after the recent, very puzzling Arizona appeals court verdict that ruled concentrates (which make up a significant amount of MPX's sales) aren't considered a cannabis product under states regs. This is a complete horseshit reading of the Arizona legalization laws, but for now there's just too much risk involved in the Arizona Supreme Court agreeing with the appellate courts ruling and basically cutting the balls off of MPX's revenue in Arizona. They're not far enough along in other states yet to make up for it imo. So I wait.

I have a large position in Tinley (probably too large). Am absolutely cool with the roller coaster ride it's been. Early reviews of the margarita product have been extremely encouraging.
 
leafman101 said:
This market it starting to concern me. The bull market has gone on long enough as is. But throw in American tax cuts, combined with spending increases paid for by borrowing. Then throw in a whole bunch of inflation thanks to a trade war. Then the fact that you can't really fight inflation by raising interest rates because that will bankrupt everyone with all the personal and national debt thanks to long stretch of extremely low interest rates. Which leaves more bailouts, but that will only devalue the American dollar and lead to further inflation. We are better protected here, but still American recessions effect our markets.

Ultimately I believe in the MJ market long term, but it may be more lucrative to pull out in the not too distant future to preserve the wealth and take advantage of a bear market. Its already a bubble anyway and if you invested a year ago you have made a killing. Tough to put more in now though.
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Yeah, there's no way I would put more cash in today. I don't disagree with any of the macro points you make there. The only thing I'd say to temper that is that large chunks of capital will go looking for a place to land that is higher risk, when the entire market becomes higher risk. That institutional profits have been more or less automatic for the last number of years makes the risk of investing in volatile MJ companies way too risky. Remove those safe and consistent profits in a bear market and they'll go hunting for smaller markets where a quick buck can be made easier.
 
Not yet it isn’t.

Remember there’s always money to be made if you’re prepared. Another tank and you buy up real estate.
 
Habsy said:
Not yet it isn’t.

Remember there’s always money to be made if you’re prepared. Another tank and you buy up real estate.
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Oh, I didn't say that there isn't a chance for someone to make money off the misery of the general populace, just that the economy itself is pretty much ****ed. This is a slow motion train wreck that just hasn't connected with it's destination yet.
 
These top companies are all doing incredibly well. Facebook tanked because it came up just barely short on expected revenues and monthly user count. But it still grew at an amazing pace. They forecasted slower growth in the next couple of quarters, but it's still really impressive. Naturally it can't keep up 60% - 80% growth indefinitely. It has to slow down, but it's still doing really well.

And Amazon just reported killer earnings, Google did too, Netflix was the same as Facebook with an exaggerated sell off due to a minor miss on expectations. I still think these top tech plays are the way to go.
 
MindzEye said:
Oh, I didn't say that there isn't a chance for someone to make money off the misery of the general populace, just that the economy itself is pretty much ****ed. This is a slow motion train wreck that just hasn't connected with it's destination yet.
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Misery of the general populace? Perhaps they should learn life skills?
 
Kudos to anyone who owned HEXO. It's about to explode.

Though I can't help but feel Molson should have aimed higher.
 
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