• Moderators, please send me a PM if you are unable to access mod permissions. Thanks, Habsy.

Hey Nerds: Blockchain

Preston said:
Yup. We both entered at a great time. For me it was shortly after the original thumb boom that I rode. Exited about 8-9% too early (maybe worse, we'll see, but I much prefer being in names that already consolidated, are in hourly uptrends and aren't remotely overbought at this stage) and once again my largest position is now thumb for boom part deux. Also bought TRUL cheaper than where I sold which now makes up my second largest position. Curaleaf third - that one has been the weakest of all of em since March. Likely has to do with them not being as discounted as the others; huge market cap and perhaps not THAT far ahead and also lotta cheap paper from the grassroots acquisition unloading shares. But I do think all-time highs is in their future as well. I'm going long-ish with Cresco now too because why not - 4th largest position. I think it's the big boys turn to get some action now. Exciting times.
Click to expand...

As you know, I'm not as active as you with pot stocks. I'm basically letting them ride for the next 5 yrs, with small trims and tails.

But not a daily or weekly thing.

I allocate a small percentage to riding the next laggard. TER was a good one, and now has become core.
AYR.A was amazing, but I'm down to very little.
JUSH is my new baby riding on Pennsylvania buzz.
 
CH1 said:
As you know, I'm not as active as you with pot stocks. I'm basically letting them ride for the next 5 yrs, with small trims and tails.

But not a daily or weekly thing.

I allocate a small percentage to riding the next laggard. TER was a good one, and now has become core.
AYR.A was amazing, but I'm down to very little.
JUSH is my new baby riding on Pennsylvania buzz.
Click to expand...
Yeah I have a certain amount I allocate to pot stocks. It used to be a lot more but it was a far easier play back in March or December 2018 levels. So I basically hold a mix of 4-5 leaders at all times and mix and match based on charts and hold mostly cash in the account that I use for day trades/taking advantage of getting 3-4+% on laggards. It isn't perfect but it has worked very well so far.

Right now I have my eyes on TER but at its current levels I think I prefer going long on the big boys. And I prefer the big boys charts right now too. But going long on all of them will pay in the end. I'm just here to scrape up extra pennies. It's fun for me and pays well. As long as you don't pick a piece of shit that is getting an underserved move right now we're all going to winn in this sector.
 
I mean if you notice each of the good names has basically gotten the same move since March. It's a pretty predictable sector really. They all run together. It may just take a bit for some to catch up. And stay away from the loads of garbage out there; that can't be stressed enough.
 
Last edited:
CH1 said:
Your ego will be the end of you.
Click to expand...

It’s not ego really. I just don’t like the grab bag approach. I like to settle on the leader or the upstart and then really follow them. The ETFs are for people who don’t have the patience or desire to really follow a company.
 
LeafOfFaith said:
It’s not ego really. I just don’t like the grab bag approach. I like to settle on the leader or the upstart and then really follow them. The ETFs are for people who don’t have the patience or desire to really follow a company.
Click to expand...
There will be more than one winner tho. No different than all sectors. And really in MJ it's near impossible to pick the best, one true leader. No crystal balls here folks. It's reallllllly early days.
 
LeafOfFaith said:
It’s not ego really. I just don’t like the grab bag approach. I like to settle on the leader or the upstart and then really follow them. The ETFs are for people who don’t have the patience or desire to really follow a company.
Click to expand...

Multiple leaders in the sector -- Preston has provided reams of quality info on a bunch of names.

You just need to "have patience or desire to" read.
 
Maybe that’s why I’ve hesitated because I really can’t see why one of these is substantially better than the other. It’s unlike every other stock I’ve bought. Might be that the ETF is really the only smart way to play the sector.
 
LeafOfFaith said:
Maybe that’s why I’ve hesitated because I really can’t see why one of these is substantially better than the other. It’s unlike every other stock I’ve bought. Might be that the ETF is really the only smart way to play the sector.
Click to expand...

I should have suggested that
 
Most ETFs are shit, but I like the composition of it.

And it gives people who don't do Canada or over the counter stocks, a chance to participate in a killer sector
 
LeafOfFaith said:
Also neither of you do it!
Click to expand...

Not true. While, all the current cannabis ETFS were shit as none had exposure to the best in breed US companies. STRICT AVOID.

I do own some ETFS, such as GDX (miners), XME (metals) and one that I mentioned here previously NERD (e-sports)


1598721367451.png
 
You must log in or register to reply here.
Back
Top