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Hey Nerds: Blockchain

Staying disciplined. Out on Cresco at 8.81. Waited for the temporary bounce after it broke support. 4 cent loss after doing quite well with them Friday/earlier today. I'm good with that. Have extra Thumb shares too which is cool and more than makes up for the lossy poo. It ain't over for Cresco either. Just went a bit heavier than I wanted in MJ so I wanted to stay disciplined and keep only what I am comfortable with in my core. Still in protection mode as we have not turned full on bullish just yet.
 
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market looks wobbly under ES 3494. People piling into TSLA and AAPL because they are "on sale" might mark a short term top.
 
Yeah Im donezo for now. A short-term weak market means a short-term weak MJ. I collected extra free Thumb shares and made Cresco profits that yes, I would have hoped for more on, but overall no reason for any extra FOMO. Time to sit back and enjoy my homemade mind fucking blowing focaccia.
 
or just another episode of Groundhog Day -- where a mid morning liquidation break gets picked up by the bulls.
 
EgwnYhHWoAIs_rG
 
CH1 said:
noice. do you take another test to see if you're negative?
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Was told to wait 30 days from my first test or at least 14 days after symptoms go away. But I've heard so much about relapses and shit that I'm not getting too excited.
 
TRUL NHOD. GET YOUR LAGGARDS!! LAGGARDS FOR SALE!!


EDIT: NO FOLLOW THROUGH! SELL SELL SELL!!!
 
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TruLove continuing to inch forward while other mutli staters looking weak as balls. Will a laggard play out? Will TRUL even hold its dick? If it does, I like the odds of a nice multi stater close for all. But of course it is hardly a lock.
 
CURA about to fire off a new low of day while SPX and True Love rise. SELL SELL SELL


Volume sucks today anyway.
 
did you read this -- re: the curveballs of legalization? our bull thesis depends on status quo plus, not big changes.

 
CH1 said:
did you read this -- re: the curveballs of legalization? our bull thesis depends on status quo plus, not big changes.

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Haven't read it, but makes sense. Kind of the reason it's difficult to price in TOO much growth in these companies. Lots and lots of uncertainty, despite the enormous upside.

I've always been anti-federal legalization in the short-term. I think it would result in a hype filled bull run, but it may be death sentences for them in the end. And as the article states, federal legalization is likely pretty far away anyway. After seeing their current growth, it's hard to want anything that would create potential for major legislative changes. Best case is for them to grow out into huge mega corporations before federal legalization. Once legalized, all of a sudden the door opens for big tobacco, big pharma, big alcohol, etc to acquire them for huge premiums.
 
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This caught my eye -- Pennsylvania Governor Wolf "is proposing that state-run alcohol stores sell adult-use cannabis. Talk about a curve ball!"
 
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