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Hey Nerds: Blockchain

Sure, I mean, people got in on the ground floor.

But what the hell is the reason for it going from $180 in March (and hovering up and down not far from that) to fucking $3,000 a share now? Yeah, they've got numbers that paint a rosier picture than before, but this jump is mind-boggling.
 
So three insiders including the ceo himself sold of 36 million bones worth of Cresco yesterday. That's what that that enormous block at 12.60 was all about. Todd was talking about it yesterday and he added on the dump. They still all have a fuckton of shares left and Charlie's pay is actually tiny compared to CEOs of this company's size so good for him. Well earned payday. And confirmation for me that no bought deal is coming in the near future.

Surprised they didn't do what Ben Kovler did and try to sell those shares to institution. I suppose the interest on the other end may not have been there.
 
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This is one of the reasons why CXXI has always scared me. The pumpers on this one have been fucking intense for years. Clearly I was wrong to not join the parade but this is the type of shit I see on them constantly. Ridiculous poll.
 
CH1 said:
For the first time in ages, I'm holding stuff overnight in my trading acct.

Not big size, but runners that have a bit of a cushion. VLDR calls, RIOT puts.
Click to expand...

Might be getting paid early today: VLDR up 8%, RIOT down 2%

Of course, it can all reverse before the market opens but I like my odds
 
Preston said:


This is one of the reasons why CXXI has always scared me. The pumpers on this one have been fucking intense for years. Clearly I was wrong to not join the parade but this is the type of shit I see on them constantly. Ridiculous poll.
Click to expand...


Yep. where is the $8 + option?
 
LeafOfFaith said:
This doesn't explain going nuts on this one stock in particular. Honestly, I just can't even be bothered to look past the multiple, or ignore the fact that Tesla isn't going to be the only car on the street in the future, but is there any way that their actual numbers could ever come close to justifying the current stock price? It just seems like pure looney tunes to me. Yet it keeps going up in unbelievable fashion.
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the believers are not buying a car company, they are buying a tech company that will change driving forever, powered by the best alt energy tech , self driving software, etc

/noposition
 
One of my favorite quotes, and it doesn't just apply to shorting... You can apply it to any stock that you believe you know how to price better than the market itself:

"To spot a bubble in advance requires a judgement that hundreds of thousands of informed investors have it all wrong." - Alan Greenspan, 1999


That's why narcissists and people with huge egos suck at playing the market. They truly believe they have the hidden secret. They know best. We should be always questioning ourselves with every move we make.
 
"When I see a bubble forming, I rush to buy, adding fuel to the fire."

George Antifa Soros
 
TER is going to have a $10b market cap by Christmas. As I always say, who am I to judge? The market knows best.
 
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So on open I took off my Cresco trade position at 13 flat; made a few bucks but not much overall. Still heavier on them than usual and I'm all out on Thumb after selling yesterday; felt like they had the most downside in the short-term. Also scaled out a baby amount of Trulieve at 37.48 today but still quite heavy on them.

I have an amount in mind that I'm willing to ride the waves in consolidation with on MJ so just trying to stay disciplined. If I have to buy higher I will. Show me the bull volume and I'm in.
 
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