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Hey Nerds: Blockchain

CH1 said:
it took a while, but HARV blasting 4% on Zona hype
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Terrible company that just may be saved by Zona going legal. We saw what Illinois legalization did for Cresco and Thumb... A lot of fucking money is going to pour in even if the market is just over half the size of Illy. HARV is hugely present there.

CURA has the second largest presence but HARV basically has as many retail locations open there as every other MSO combined. They'll be big winners there.
 
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LeafOfFaith said:
You literally held it for 15 minutes.

Do you manually exit or you set a stop loss and just live by it rigidly?
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manually...I was playing a last day bounce off 227..I was ok with falling below there once but bailed the second time...total loss was $41

Went it small because it was close to quitting time.

I'll take that trade every time, because if it hits, the rewards are 5x-10x the loss I took
 
I think the WSB crowd is doing its thing with JMIA

The 60 calls expiring next week had ZERO volume before today.

Today's volume is over 35,000

Stock is up 25% to $57
 
My VEXT purchase is a classic of case of getting immediate positive feedback on a thesis I had that made sense in my noggin. And folks? It feels good.
 
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CH1 said:
GRAM had a nice close...I was ready to dump its ass otherwise
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Yeah, still think it eventually corrects or at least does well when the sector gets going. I have a smaller and more manageable position in them now so happy to go long at these levels. Will continue to scale out to manage my position size.
 
new highs every week....gorgeous morning with PINS....nothing terribly exciting this afternoon but pot stocks recovered

and take a bow, Blackberry..... broke thru 14....now a double in 3 weeks of 2021


Screen Shot 2021-01-22 at 4.07.21 PM.png
 
Preston said:
Yeah, still think it eventually corrects or at least does well when the sector gets going. I have a smaller and more manageable position in them now so happy to go long at these levels. Will continue to scale out to manage my position size.
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I agree with the fundies...but with stocks at ATHs, I tend to defer to price action, so if this morning's lows didn't hold, I was gonzo.

Too many tickers going up for me to cheer something weak.
 
CH1 said:
I agree with the fundies...but with stocks at ATHs, I tend to defer to price action, so if this morning's lows didn't hold, I was gonzo.

Too many tickers going up for me to cheer something weak.
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In fairness, it's in my long account that turned slightly degen lately. Fundies are my primary driver in that account and Jay Z has 'em.
 
Preston said:
In fairness, it's in my long account that turned slightly degen lately. Fundies are my primary driver in that account and Jay Z has 'em.
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That's perfectly fine, I was talking about my approach to JayZ, which may not be right on a fundie basis, but works more on the account management side.

My LT account has already exceed it's + 25% goal for the year. Those Georgia Senate races were a gift. My task, right now, is not to give those gains back. Any stock that exhibits leaky behaviour will get cut.

The year just started....so not worried about missing any opportunities.
 
Yeah and my line of thought is... Jay Z loses support and drops to the 9's and we're talking about a company trading at 2-3x cash levels. That's when I personally buy, not sell, as my inefficiency detector goes off the charts. Of course, I'm a risk manager too so I'd sell other cannabis stocks to make that move.
 
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