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Hey Nerds: Blockchain

Sure it's cyclical but take that global cycle's post-peak effects and combine it with unforced errors like US-China trade wars and Brexit and you've got a legit potential implosion.
 
zeke said:
Sure it's cyclical but take that global cycle's post-peak effects and combine it with unforced errors like US-China trade wars and Brexit and you've got a legit potential implosion.
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Sure, news like that can expedite the process. But it's going to happen one way or another.
 
Fear of recession is always overblown. Historic cluster****s (1929, 2008) are the only events where money is lost across the board. There is lots of money to be made during a normal cyclical recession.
 
Things going to shit seemingly when things begin to show signs for a turnaround in MJ. Ah well, I suppose a shitstorm bear market/recession gives these morons more incentive to legalize federally.
 
BoA raised the odds of US recession in the next 12 months to 1-in-3, though admitted that was as much due to their projections of trump trade policy insecurity as it was to the current underlying data.
 
MindzEye said:
Sunniva getting mollywhopped today....I dont think I've ever seen 42% down in a day before
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Delay delay delay. Eventually it would catch up to them. In theory I liked what they were doing but ****, eventually you have to start executing. Glad I stayed away.
 
Preston said:
Delay delay delay. Eventually it would catch up to them. In theory I liked what they were doing but ****, eventually you have to start executing. Glad I stayed away.
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It's more than a delay...it's "our contractors didn't deliver on time and we've run out of money to continue according to our previous schedule". It was contractor delays, management **** ups, and a liquidity issue all rolled up into one.

They got unlucky with the timing of it all too. Lacklustre earnings are expected across the cannabis industry (the Canadian plays are more or less set up to fail until oil derived value added products get pumping, this entire business model of selling flower to monopolized provincial regulators for shit margins is terrible, and the MSO business model is hard as **** to get right, with regulations differing as much as they do from state to state) so the entire industry is going to get thumped for a little while longer I think.
 
Really thought we were getting some momentum, at least with MSOs. They're holding up quite well today relatively speaking. TRULs earnings today are going to be record breaking most likely. I don't love them longterm but the hype is going to be there. SPY taking a shit ruins all momentum though.
 
Canopy earnings tonight. Not playing it, the way I played APHA.

obviously my longs getting hit, but hedges doing their job (SPY puts, GDX calls, Gold futures)

Gold has been very strong; all the recent pullbacks have been bought
 
CH1 said:
Canopy earnings tonight. Not playing it, the way I played APHA.
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Good idea. I've only paid passing attention, but the expectations I'm seeing online is that there will be significant write downs and some interesting explanations for certain significant expenses.
 
Wouldn't surprise me to see SPX lose another 80 points by end of week. Lots of warning signs, and with big hedge funds on vacation, won't take much to flash crash this thing.

Trumps idle tweets have lost their power (unless he does something radical like fire Powell). His Santa Tarriff rally lasted just a few hours.
 
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