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Hey Nerds: Blockchain

I know Canadian pot stocks tend to do very well when the CDN market is closed but the US is open.

Any insights on the reverse performance? US markets are closed on Monday, but the CSE will be open.
 
Ah the "we'll never see these prices again!" mentality.

GTII was highly "investable" for me at a 750m market cap. Which is why I went balls deep and ran it for about 160% gains. Far too much risk involved to invest at these levels. This is when I take advantage of the hype of the same people who were afraid to buy at $5 who are now buying at $13.50 and trade and pick up laggard scraps while keeping risk minimal and preserving my gains.
 
Ah the "we'll never see these prices again!" mentality.

GTII was highly "investable" for me at a 750m market cap. Which is why I went balls deep and ran it for about 160% gains. Far too much risk involved to invest at these levels. This is when I trade and pick up laggard scraps while keeping risk minimal.

Not my mentality at all. Long term investment = you're measuring time frames in multi year time chunks instead of 3-4 weeks....not sure why that's so hard to grasp.
 
Not sure why it's hard to grasp that this investment could possibly have been worthwhile as a longterm investment when it was literally "worth" like 35% of what it is now "worth". Hoping for 150%+ gains on any long-term investment is very ambitious. I happened to get it in a couple months. I like the company, but all of a sudden they're "worth" about 150% more than they were when I went balls deep. I think this is a much more fair valuation but I no longer believe it's a bargain.
 
And my sloppy seconds (on a larger position than I would have as a GTII core) is outperforming GTII today thank you very much.
 
what you refer to as investing; I consider swing trading.

Most people do not consider the act of assessing one's holdings every few days (to see if they are all properly valued) as investing.

You're taking advantage of short term dislocations between price and what you perceive as fair value. I do a ton of that; but I don't call that investing.
 
what you refer to as investing; I consider swing trading.

Most people do not consider the act of assessing one's holdings every few days (to see if they are all properly valued) as investing.

You're taking advantage of short term dislocations between price and what you perceive as fair value. I do a ton of that; but I don't call that investing.
If I invest in a company and I believe the company is worth X amount and is currently valued at Y amount. When the company surpasses what I believe to be the fair value, I sell. You use the words you want, I call it common sense.

Anyway it's all in my degenerate account anyway. I typically swing trade and have for the last couple of years but my "investment" in GTII in the 5's was meant as an investment. I didn't expect to get 160% in 2 months. But I did. I was fully prepared to ride that for several years if I had to (although my opinions on these companies change daily as new information and new sketchy shit arises constantly). If GTII was priced at 13.50 2 months ago I wouldn't have been an "investor" in them. So why would I now? Nothing changed.
 
BULL BREAK ON SLOPPY SECONDS!!! Big time trend change. The last of the big boys to get it.


LEGGOOOOOOOOOOOOO

Edit: Nvm it's sitting right at resistance. Not yet a trend change.
 
I've been eyeing them for a few days now (even at higher prices than the current one). I should probably give it a whirl.
 
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Still believe in the thesis. Still think drinks are a massive future mainstay of the cannabis market, still think Tinley is the best actual drink maker in the game.

But yeah, what a frustrating stock to hold sometimes.
 
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ROKU took me out at break even -- I think it goes higher from here, but don't care to hold over the weekend
 
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Still believe in the thesis. Still think drinks are a massive future mainstay of the cannabis market, still think Tinley is the best actual drink maker in the game.

But yeah, what a frustrating stock to hold sometimes.

Yeah. It's hard to be red in a sea of green. I nibbled at some at .34
 
tenor.gif


Still believe in the thesis. Still think drinks are a massive future mainstay of the cannabis market, still think Tinley is the best actual drink maker in the game.

But yeah, what a frustrating stock to hold sometimes.
There is no business model and product that fascinates me more than Tinley. My only argument is that I'm a casual weed guy, at best. The alcohol industry thrives because of alcoholics, not casual drinkers. That's where most of their revenue comes from. And it seems like most stoners consider these drinks a joke.

I personally would fucking love to see them go mainstream and would choose that shit over alcohol probably more often than not if they did... But am I the weirdo? Does a company really want to do something that Preston would enjoy?
 
their CBD drinks that I sampled were awful....that helped me sell my stake

in fairness, none of the weed drink companies succeeded yet. VIDA and BEER have done even worse.
 
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