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Hey Nerds: Blockchain

Okay mushroom stocks are fun. Bought some MMED at 3.94. Bounced on the 9EMA. Kinda caught in an equilibrium... Could go a lot higher, but I'm not going to risk it. Sold it all at 4.69.
 
It may take a while, and it may never play out at all.. but Cresco has the best setup out of the big boy MSOs. I think if it breaks and follows through on $13 it's pretty thin air to ~13.80. I love seeing the healthy sideways trading. And I especially love seeing it's main peer, GTII get a leg up in the process (on barely any volume, but it is moving). Cresco will catch up, whether it's from GTII falling or Cresco blasting. I think these names have another push in them before inauguration or even the senate runoffs. I wasn't as convinced a week or so ago but the low volume sideways trading is bullish in times of lull. They used to sell off.
 
Preston said:
It may take a while, and it may never play out at all.. but Cresco has the best setup out of the big boy MSOs. I think if it breaks and follows through on $13 it's pretty thin air to ~13.80. I love seeing the healthy sideways trading.
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It's my #2 position (after TRUL) just for that reason. If it hits13.80, I will sell the extra shares I picked up recently.
 
CH1 said:
It's my #2 position (after TRUL) just for that reason. If it hits13.80, I will sell the extra shares I picked up recently.
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By far my #1 position right now. Unless the other guys sell off, it's only a matter of time before that one pops. The longer we go without a sector-wide selloff the more bullish I become that there's another leg up in the cards.
 
Always a good sign when the lulls are low volume sideways trading or slight upticks... Heh. Clear lack of willing sellers at these levels.
 
FWIW, Todd thinks CXXI will be the biggest percentage gainer in 2021.

Also tabs CCHW as trading at a 50% discount to the majors (having said that those discounts can take years to correct, if ever)
 
CH1 said:
FWIW, Todd thinks CXXI will be the biggest percentage gainer in 2021.

Also tabs CCHW as trading at a 50% discount to the majors (having said that those discounts can take years to correct, if ever)
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Even though he's on their payroll I'm inclined to believe him about CXXI. I'm with you on following the money.
 
Preston said:
I added more CCHW, 5.94. Hoping to get a couple percent and scale out of some.
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This name reminds me so much of TER when I first bought it. At times I felt like I was the vast majority of the volume. It would trade once every half hour or so. Hopefully it has the same fate. It has performed very well since I bought it but it's not quite TERing it up, if you will.
 
Preston said:
Even though he's on their payroll I'm inclined to believe him about CXXI. I'm with you on following the money.
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Circling back on this...


I just thought of an analogy on why I'm afraid of longing CXXI... The analytics love them, but my eye test does not. In the end, the analytics will probably be right as they usually are, but I much prefer to play names that my eye test also loves. Otherwise, my hands become weak and the panic may come out during turbulence.
 
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