The Artist Formerly Known as chiggins.
I don’t think we’ve seen euphoria in MSOs like TRUL. The most recent spike simply reflected the earnings ramp coming off mispriced COVID crash levels.
Yeah they're all trading at tiny discounted multiples mostly because of those risks. The risks are real. But the bigger they get, the less likely they are to fail imo. I'm betting on America to protect their emerging mega powerhouse corporations.I got into alcohol in my teens so I'm always ahead of the curve!
I recognize that they could be massive one day, but I don't know what sort of shit will get in their way (killer or just endless regulation, government becoming a producer itself and putting them out of business, etc.). It's also not a product I use, so I won't really know much about it.
Don't worry though. I wouldn't base a decision on your guys' ramblings. I have barely any idea what you're even talking about most of the time.
So you’re saying you’d be so rich you wouldn’t care about actually winning? Is that it?Yeah. I don’t give stock advice to anyone, but I do share my positioning.
If I knew what happens next, I would be able to
——make 10 billion dollars in a few years.
——-buy the Habs and fire Marc Bergevin.
——- hire Zeke as my junior analytics guy for $120k/yr
Might see that level get tested today. Not exactly the be all end all, "we're going to the moon" moment but it's a big'un. I think I'd like to see QQQ bust through 282.20 before I'm semi convinced of a reversal. Still a bit away and really.. QQQ carries the market these days. Without it being strong, I'm not sure things are looking great.Impressive bounce on SPX but the double top at ~3425 will be the key level to look out for. It's all noise until that is either broken or rejected.
Yeah it's the first, necessary step to any potential reversal. I believe you said it months ago and it stuck with me.. Any reversal/trend change/bottom is met with all sorts of skepticism. If we knew we'd all balls deep the "bottom" even after the first 5-10% gains.3420 is the first stop, but I think SPX can go all the way to 3470 over the next few days.
Like yesterday, this gap up has me reluctant to be super active. Yesterday I caught a nice move in Boeing...who knows if there'll be anything today?