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Hey Nerds: Blockchain

Yeah today feels like it's about to get silly on MJ. Volume is intense. I nibbled a bit with some of my CB2 profits on more thumb at 18.85.
 
CH1 said:
Cresco is a dog today -- glad it's my smallest position.
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Might be a bearish reaction to the ETF only holding 5% of cresco. Weak as hell overall though. Could catch up and be the biggest gainers from the bottom here if the others blast off. Difficult day to read though. Lots of weird price action going on. Outside of my thumb tiny nibble I'm not doing shit.

I don't thrive playing MSOs when these whales are too involved. I miss the quieter days in many ways because my measly pennies make me a whale!
 
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SHHHHHHHHHH don't spoil my edge!!!!



Like churning, this gaming of the system that I have going on with these stonks will not last forever. :(
 
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Today feels like the day Robinhooders learn that not every dip should be bought immediately.
 
Tesla getting hammered was the hint to short the market IMO. As long as Tesla was leading and propped up NDX was going to hold strong.
 
Preston said:
Tesla getting hammered was the hint to short the market IMO. As long as Tesla was leading and propped up NDX was going to hold strong.
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Biggest shareholder outside of Elon cut their stake today.
 
trying a NQ (nasdaq) short on this low volume bounce at 12311. stop is super tight at 12320. so risking < $100
 
Still in (for now), as I'm waiting for a 5 min candle to stop me out. Hanging by a thread!!
 
Took the L, trading account actually came out ahead as ADSK and ZTS continued to grind higher.
 
buying is rabidly relentless; which also makes it hard to chase longs.
 
CH1 said:
buying is rabidly relentless; which also makes it hard to chase longs.
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Yup, like I like Peloton but I don’t know that I can get behind it at these levels. It needed to stay in the $50s for me these past couple quarters so that I could see some actual CV era numbers and see how things are playing out. Maybe it totally is worth $90 right now, but I don’t want to test it out.
 
hopped on the FB train as it crossed over 300. calls were $3...now $4.25 10 mins later. sold half.
 
I repeat: "To spot a bubble in advance requires a judgement that hundreds of thousands of informed investors have it all wrong." - Alan Greenspan, 1999
 
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Holy fuck CB2 might test 20c!!!!!!!!! A break and it can potentially find a new base above 20c. Legitimately.


That would be ENORMOUS.
 
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Preston said:
I repeat: "To spot a bubble in advance requires a judgement that hundreds of thousands of informed investors have it all wrong." - Alan Greenspan, 1999
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In the end, seeing the bubble makes you zero money. If you don't have deep pockets to wait it out, you go bankrupt.

I've seen bubbles before and I was right... but much poorer for my efforts. So, this time, I'm resisting the urge to call the top, and any puts I do buy, I expect they go to zero within the confines of a very long portfolio.
 
Preston said:
Holy **** CB2 might test 20c!!!!!!!!! A break and it can potentially find a new base above 20c. Legitimately.


That would be ENORMOUS.
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It's crazy that 4th liner CBII is carrying my cannabis team while Matthews, Tavares, Marner and Willy stumble all over the ice.
 
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