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Hey Nerds: Blockchain

Admittedly I sold my TER at 5.55 to pick up some TRUL at 28.55. Just a small amount. Scaling in slowly to get back to my original position size.


EDIT: Not all my TER, just some. Less than half.
 
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Bear flag on TRUL. Support relatively nearby but the weak bounce makes me think there's a chance she breaks. Classic case of charts vs bullish momentum. We'll see who wins.
 
TRUL buy for now looks decent, though I'm not fully convinced by the bounce. Bought the CURA dip at 11.68 as well, sold that portion at 12.15 (kept a bit of shares as a scalp with my profits).

My TRUL buy was to reload core that I sold higher so that ain't being sold. Figured I'd give it a whirl near support. Decent bounce off there for now. Hopefully it sticks. Charts all look refreshed.

My TER sale was a bit of a hedge. If these names consolidate sharply, TER may be the hardest faller in the short-term. If not, TRUL would be the hardest bouncer in the short-term. So I shuffled the funds into TRUL, as they had a ~8% headstart on the potential consolidation. #hedgefund
 
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Added a baby GTII spot at 20 to add to that core too. Still hoping for more slippage there but I'm doing the scale in approach. Still have less MJ than I did on Friday when I sold a bunch of TRUL but getting closer. The more she slips, the more aggressive I'll get. This could be very early days on the consolidation. Lotsssss of room for bears to work with. But every time we've got one of these days in the past few months, it turned out to be a giant buying opportunity. This time it's different? Maybe. Post-earnings draw-down is no doubt possible.

I sold the rest of my TER at 5.61 in case it is. Over-extended chart (over-bought on all timeframes pretty much) and they already pre-announced earnings. Could be a sell the news. Not sure I see short-term upside there if the rest of the sector consolidates. Feels like high risk, low reward but I'm probably wrong. Plus the possibility of a bought deal scares me a touch. I suck at playing TER and they often have random 10+% moves out of fucking nowhere so don't listen to me.
 
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They're going to have trouble in my area. Trulieve and Curaleaf just opened up and they're running specials that are blowing LHS pricing away. Rise is now open too. That makes

LHS
Vidacann
Trulieve
Curaleaf
Rise

all within 5-7 miles of each other.
 
Curaleaf is expanding bigly there. They say their goal is to take Trulieve's spot as having the highest market share in the state by next year. I say they're delusional.. But you can expect to see a lot more of them around. They're going to give it a whirl it seems.


As for Rise... That's my baby. Green Thumb Industries. Small presence in Florida but I hear they have some great shit.
 
Several smaller ones have opened too.

Surterra
Fluent
Grow Healthy


Is just a matter of time until it's legalized completely here.
 
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Habsy said:
Several smaller ones have opened too.

Surterra
Fluent
Grow Healthy


Is just a matter of time until it's legalized completely here.
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It was all but guaranteed to be on the ballot this year but it never came to be. Very unfortunate. Only a matter of time though, I agree.
 
Preston said:
Curaleaf is expanding bigly there. They say their goal is to take Trulieve's spot as having the highest market share in the state by next year. I say they're delusional.. But you can expect to see a lot more of them around. They're going to give it a whirl it seems.


As for Rise... That's my baby. Green Thumb Industries. Small presence in Florida but I hear they have some great shit.
Click to expand...

I'll have to try them out. Haven't tried them yet. Curaleaf new shop offering 50% off for new patients. Just placed a sizeable order.
 
I love delivery too. They make it so easy. Great business model. I keep telling the delivery guys they need to incorporate pizza too.
 
Seems like competition is increasing in Florida eh. Price wars have begun. And based on Trulieve's last earning report it seems their selling prices decreased a bit this quarter. Very interested to see if Curaleaf succeeds in stealing customers from Trulieve.
 
Preston said:
Someone at CIBC bought like $15,000 worth of CBII! 13% from that! But a mega sized wall was just put up at 13c. Going to need actual volume to get past that. :(
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it’s coming..and when it does... you will probably die of overjoy stress trauma
 
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