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Preston said:
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.
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I added more yesterday....I think you're spot on with the comparison. When CCWH releases earnings, at some point the street will see crazy YOY improvement as a result of the company's recent acquisitions.
 
Preston said:
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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So you're on team Bergevin instead of Dubas. Good to know.
 
CH1 said:
So you're on team Bergevin instead of Dubas. Good to know.
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I fully acknowledge that I will not be on the right side of history. But part of my success is a result of my conviction on the things that I buy. When I lose that conviction I'm trash.
 
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CH1 said:
That's cause you sold your entire position. You're an all or nothing fella.
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NEVERRRRRRRRRR

I don't do black or white. In all honesty, I like the company, don't like or understand the price but recognize it's probably the Canopy Growth connection that gives them a huge premium... Which is probably valid. I misread the situation and didn't factor that in. But I have to acknowledge that their current market cap is above and beyond anything we've seen out of any MSO in terms of trading multiples. Like... Not even close. That's just a fact folks. Clearly it's meaningless since the market don't care, but it's a flat out fact.
 
I don't even love CCHW. I think their management is mostly trash. But they are discounted for now (probably in part due to their management). They've got some great assets and a fantastic footprint. When NY legalizes they have to really fuck up to not crush it.
 
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Don't want to jinx it, but the action in MSOs is delicious. They got wildly overheated in November and were due for a sizeable pullback but they corrected mostly through time rather than price. Now they look poised for sustainable upside.
 
CH1 said:
Don't want to jinx it, but the action in MSOs is delicious. They got wildly overheated in November and were due for a sizeable pullback but they corrected mostly through time rather than price. Now they look poised for sustainable upside.
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The post-earnings sell off was avoided in a major way. A LITTLE concerned about the broad market. Feels a bit euphoric right now. I don't feel as comfortable when everyone appears to be on the same side of the fence.

But man oh man things are feeling great right now for the multi-staters. If CCHW ever trades again today I suspect it'll get a pop. That would make this one a perfect day for me. Folio well over at all-time highs. Feeling good. So good that it makes me nervous. I hate euphoria.
 
CH1 said:
CL over 13. How long must we wait for 13.80?
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It took 5000 days to even get to 13. These MSOs trade so weird lately. They've been the least volatile, most stable they have ever been and it isn't particularly close. CSE is supposed to give me more explosive bursts and not a stupid ass controlled grind up. These are not the stocks I fell in love with.
 
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