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CH1 said:
the market isn't usually that accommodating.... the news is out of the bag....I'm betting they won't get oversold conditions....and will have to chase higher.
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Very possible. If that's the case they'll likely move on to other opportunities. Or at least Dan/the disciplined folks will. I think for those who were position-free today wasn't a bad day to scale into a starter.

The theory is that MSOs tend to consolidate when SPY consolidates. And it is due to consolidate shortly.
 
CH1 said:
LOF even contemplating a position in TRUL is what started this mini-correction. I wish he stuck to banks and muffins.
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Dude, I told you, it’s only the very beginning of the process. Afterwards it goes up. You just need me to actually execute so that the upswing can begin.
 
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@Preston that makes sense....overall market could use a pause....but I've been banking on that without any luck for weeks
 
Decent bull volume coming in on Trulieve. Bulls will want to see this over $30 by close. Curaleaf, of course, going the opposite direction. I will act on this if I see Trulieve making a legit move.
 
Weak MJ bounces across the board so far. Better than an all out bleedfest Part Deux but it could be seen as a bit of a red flag. Bulls lacking killer instinct and bears still showing some hunger. Need to see more from the bulls or we may be looking at new lows today IMO.
 
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I think that Grassroots paper is selling aggressively into the bid on Curaleaf. The House is just "Anonymous" unloading HARD. If 11.35ish is broken, it could get ugly for them. It has been ironclad support for a couple weeks now. Has never been a bad idea to bottom fish there. I did last week, not as brave this week as the sector as a whole looks weaker these days.
 
Since Monday "Anonymous" is the top CURA seller of about $10m worth of shares. I'm done fighting Anon. I still think CURA has the best upside of the group in the next few weeks but fighting Anon selling this aggressively is a tough task.
 
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LHS getting a little love as a secondary play. Hasn't held 60 cents since the pre-covid days.
 
Most of my focus today is away from cannabis:

PINS looks like it wants to finally break to new highs. Heavy on that one.

And for trades, I'm holding V, PENN, OKTA, CHWY and STZ. All in the green, all with tight leashes.
 
also jumped on Facebook as it looks ready to explode (Sam Rippy Mode) but that ticker never works for me...so we'll see
 
CH1 said:
I sure hope so, while I'm not touching my August puts, it's nice to have rips to sell intraday.
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Had to look back.. Didn't mention a ticker but you referenced them a couple times. I'm sure it was a small position anyway.
 
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