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Hey Nerds: Blockchain

Have a similar strategy to Friday going on here. Sold all of my Trulieve at 26.84. If the lows break and we all go down, Trulieve might see a flush and I can get in lower. If we (and Trulieve) pumps, GTII will be the biggest mover from current levels. I go all in on them. Just going to watch closely while risking very little here. In particular, if TRUL breaks and follows through on $27, Thumb is likely a buy.
 
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Lows have held so far but I'm not too excited about the bounce that the bulls have given us. A little concerned to be honest.
 
Grabbed another nibble of Thumb at 17.65 as I saw the bounce from a higher low. Still not entirely confident but I feel like it's almost like using some of my TRUL profits to buy 3.5% lower (on Thumb, but same shit).
 
CH1 said:
new highs for AYR.A low volume mover
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Sometimes when stocks are pieces of shit, it's for the best. AYR is an example of that. Impressive beast. I feel like the lower-mid tier names can get overblown during sector euphoria but that doesn't mean that the stocks can't go fucking apeshit. Nice company, but a lot of speculative success is priced in on them. A bigger risk, though I suppose larger upside if all works out. Market is starting to price in near perfection in their execution.
 
Preston said:
Grabbed another nibble of Thumb at 17.65 as I saw the bounce from a higher low. Still not entirely confident but I feel like it's almost like using some of my TRUL profits to buy 3.5% lower (on Thumb, but same shit).
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Working quite nicely so far. TRUL sideways since the sell and Thumb catching up. When she does catch up, I sell some and maybe pop some back into TRUL.
 
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Got in big on the recent dip, 17.59; had a bid sitting there that I didn't think would hit. CURA and TRUL lookin good. Thumb will hit $18+ with ease if those names hold. Market giving us time to react to the CURA pop. All while Thumb is down 2.3%.
 
Bid-ask spread is big right now because someone bailed on their position, causing the SP to drop a couple percent. Sellers aren't willing to sell under 17.85, buyers still being cheap but that'll change in a hurry unless that dude isn't done dumping. If that's the case, another buying opportunity to come. Tis the one benefit when there's no volume on these stonks.


EDIT: Oh it's coming. Best case scenario is TRUL busting through $27. But regardless, $18+ is happening if everything else holds up.
 
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Preston said:
Tis the one benefit when there's no volume on these stonks.
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But it's frustrating when there's this little volume on them. I like me some immediate feedback, but all that happens is huge bid-ask spreads and moves that lag far more than they otherwise would. I've got my sell order ready; if it hits, today is a smashing success. Not too far away either!

EDIT: I might push that sell up if I see TRUL get a move on.
 
US dollar is very strong today, a great multi week headwind for our MSO stocks if the trend continues (their rev is $US but share price is $CDN)
 
Now to scout an entry back into 'Lieve. I'll gladly buy higher or at the same price as I sold but going to see what kind of discount may be available.
 
caught a nice short in NQ (Nasdaq) but may have covered too early....wanted another bounce to re-short the close
 
I almost feel like a nose dive to close is too obvious.

In terms of MJ (for my hedge fund ass) sometimes I feel like it's safer to sit back and let the broad market dictate what to do in these volatile times. We've seen plenty of EOD bloodbath flushes on them once these low volume illiquid ass stocks react to macro blood. If it goes the other way, looks like GTII is the one to buy again anyway. Market will give me time to do anything which is nice.
 
bot some VFF for 5.70 US...looking for .30. will keep my calls.
 
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