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Hey Nerds: Blockchain

"the cure for high prices is high prices"....Lumber prices going thru the roof? OK. sawmills will find more wood and expand capacity. Lumber prices collapse.
 
Woah CCHW down to November levels. The fuck happened there. I took a bite at 5.80. Hasn't been this oversold since last March during the fun covid era of stonks.
 
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Market cap: 1.78b which is roughly 3.35 x likely 2021 sales. For a cannabis stock (and one with that footprint and clear path to growth) that's nuts. When NY and NJ go legal they're doing over a billion easily. Question marks about their profitability but they will sell drugs at alarming rates.
 
Smells like an opportunity but the sector could use some buyers to counteract the manipulation/naked shorting.


Love it though. Sector needed a reset. I'm getting more and more interested in going heavier again every day.
 
CH1 said:
Speaking of MSOS, it’s basically unchanged year to date. sad.
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When there's no hype in the sector the shorts feast because the buyers already have their positions. It's a small cult of human beings, most of which are on twitter. Extremely flawed setup and a hilarious inefficiency that won't likely change anytime soon!

This is why I fade away and pull money out in between earning cycles. There's nothing that will keep them pumping outside of meaningful legislation (which won't happen).
 
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Preston said:
When there's no hype in the sector the shorts feast because the buyers already have their positions. It's a small cult of human beings, most of which are on twitter. Extremely flawed setup and a hilarious inefficiency that won't likely change anytime soon!

This is why I fade away and pull money out in between earning cycles. There's nothing that will keep them pumping outside of meaningful legislation (which won't happen).
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We tried to expand the cult by recruiting LOF. Clearly not enough
 
And this is why I'm probably more bullish than most on TSX listings. It won't be anything drastic but it'll largely address the cause of these slow low volume bleed outs that we see every time in between earnings. That's big.

In any event... We keep up the weakness and early August/late July(?) earnings become a real catalyst. They will be very good earnings for most of the big boys. Seasonality, expansions coming online, acquisitions closing, America essentially wide open and tourism increasing... Yeah. None of that is priced in and after two quarters of ok just ok growth the market may not be prepared for the next 2 quarters. Long way away from the earnings though!
 
LeafOfFaith said:
Seeing as to how Roku has gone koo koo for cocoa puffs again, what are you having for dinner tonight with CH2??
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I don't have enough ROKU shares.....lunches only!

I could use a pullback to get my full allotment before it goes to the moon!!
 
CH1 said:
great thread --- be wary of the Xtrends of the world spooking us with inflation worries


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they also preemptively jump on every shock.

the whole world and our supply chains have dealt with a pile of ridiculous, unpredictable, unprecedented shit over the past 15 months. of course it's topsy turvied whole fucking economy. you can't extrapolate a damn thing right now.

like - didn't we learn from the great toilet paper scare of 2020????
 
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mbow30 said:
they also preemptively jump on every shock.

the whole world and our supply chains have dealt with a pile of ridiculous, unpredictable, unprecedented shit over the past 15 months. of course it's topsy turvied whole fucking economy. you can't extrapolate a damn thing right now.

like - didn't we learn from the great toilet paper scare of 2020????
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stock market re-adjusted in a flash —- too quick for me to fully profit but tech went crazy this past week while the inflation trade (industrials) hit a brick wall
 
the market is its own beast.

for 50 years central banks have focused monetary policy on controlling inflation.

and over that time our supply chains have become way more sophisticated, from diversity of supply, to better data/analytics and the improvements in forecasting & supply/demand management that has allowed for.

we're just not at significant risk of serious inflation or (GASP) stagflation right now.
 
in march of last year the whole world was thrown into disarray, and it took the data nerds a month to figure it all out.

TLDR(1) which isn't to say there aren't still some shocks in our supply chains, but by and large they're being effectively managed.

(1) Presto
 
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