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Hey Nerds: Blockchain

Wait are we supposed to be surprised that many hedge funds made fucking bank from this? I'd be seriously concerned about their competency if they didn't.
 
Preston said:
Wait are we supposed to be surprised that many hedge funds made fucking bank from this? I'd be seriously concerned about their competency if they didn't.
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it's obvious in the volume....AMC is trading 10x the entire float in a day...that's diamond software, not diamond hands at work
 
wolverine88 said:
eyes on SNOW and NKLA today. NKLA might punch through the 200MA on the daily chart (got rejected from it yesterday). SNOW looks like a double bottom. up 4% pre market.
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I like playing SNOW --- had my eye on it the other day....also looking at ARCT, might run if it can hold 70
 
PINS call I bought yesterday ahead of FB report will pay --- will sell some at the open

edit: might actually hold on to PINS depending on the opening action...it has been beaten up
 
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Trimmed Thumb, 33.07. Nibbled Trulieve, 48.92 to get a TOUCH more exposure to them. Was really overweight thumb. Like super seriously, really overweight. Still am but not as much now.
 
Unexpected open up. Afterhours everything was shit so I was expecting to see blood.

Only Apple is hurting, I guess on the news FB is going after it.
 
Preston said:
Oh Presto you're a bad man.
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So what do you do, you have some percentage of your mj (or overall) portfolio allocated between these names?

Like if TRUL goes up and passes say 20% of your overall mj, then you trim it back down to 20% and buy more of other stuff to get their percentages back up?
 
LeafOfFaith said:
So what do you do, you have some percentage of your mj (or overall) portfolio allocated between these names?

Like if TRUL goes up and passes say 20% of your overall mj, then you trim it back down to 20% and buy more of other stuff to get their percentages back up?
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I play the arbitrages between the stocks. Thumb dumped aggressively the last few days. Like 20% in two days. So I went overweight Thumb and sold all my TRUL. TRUL dumped hard today and yesterday so I'm slowly accumulating on them.


Today Thumb has recovered the most and TRUL has blasted from their low of the day. They all follow each other, but the beautiful part about the CSE/OTC is that the market gives you time to react to what other stocks are doing. GTII going up 4+% and TRUL being down a few % was never going to last. I was pretty sure TRUL would recover or Thumb would dump to catch up to TRUL. So I trim Thumb, and buy TRUL.


(Trimmed more Thumb at 33.80 just now)


But yeah, I have a certain amount of cash in my portfolio that I'd like to keep on the sidelines. I was below that until this very moment. I went aggressive on Thumb the last two days and it paid.
 
Preston said:
I play the arbitrages between the stocks. Thumb dumped aggressively the last few days. Like 20% in two days. So I went overweight Thumb and sold all my TRUL. TRUL dumped hard today and yesterday so I'm slowly accumulating on them.


Today Thumb has recovered the most and TRUL has blasted from their low of the day. They all follow each other, but the beautiful part about the CSE/OTC is that the market gives you time to react to what other stocks are doing. GTII going up 4+% and TRUL being down a few % was never going to last. I was pretty sure TRUL would recover or Thumb would dump to catch up to TRUL. So I trim Thumb, and buy TRUL.


(Trimmed more Thumb at 33.80 just now)


But yeah, I have a certain amount of cash in my portfolio that I'd like to keep on the sidelines. I was below that until this very moment. I went aggressive on Thumb the last two days and it paid.
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How is that arbitrage?

It's like saying when Netflix goes up, I sell a little and buy Disney, and then when Disney goes up, I sell a little and buy Netflix.
 
LeafOfFaith said:
How is that arbitrage?

It's like saying when Netflix goes up, I sell a little and buy Disney, and then when Disney goes up, I sell a little and buy Netflix.
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If the sector works like that, sure. That would be a great play. The US MJ sector has behaved this way since the very beginning. It's no coincidence that the hardest, most aggressive dumpers in the last 2-3 days are currently up the most in the sector. That's why I was overweight on them. And now I can lighten my load and get towards a more diversified folio that is preferable long-term. Especially after seeing Trulieve dump on open. That was a gimme. Was never going to last.
 
Trulieve up over 5% from lows. Gimme.


And just to be clear, this has everything to do with the exchange that they are on. This will never fly when they uplist.
 
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