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Hey Nerds: Blockchain

So Chuck introduced the draft of the bill and basically said "we don't have the votes so the next step is figuring out what people want and what they don't want so we can restructure the bill." Most likey scenario for me continues to be SAFE + some minimal social justice component that the Dems can pump as a huge win. Don't think there's an appetite for anything else.


As for my folio, I scaled out significantly on my Vext at 90c and again at 92c.. Was my largest position for awhile as it dropped to 73c. Heavy cash now and mostly in Verano. Heard their CEO speak to Pablo at Cantor today and love what I heard. Lots of growth on the way. $300m by q4 is possible if NJ goes legal in September. And he mentioned that the $200m guidance for Q2 is NOT a proforma number; they only had partial quarters from some of their acquisitions and closed 2 more post Q2... so there's room for a lot more heading into Q3. Though he did mention a bit of a slowdown on some sales as folks utilize more of their capital on doing things like eating out and things that they couldn't do during the balls of covid. Makes me wonder about the growth for some other names out there.. But Verano appears to be solid as can be thanks to their expansion and m&a efforts.

Where their price goes between now and Q2 earnings? Anyone's guess. But I like their odds of having a solid August and beyond. I will continue to add on weakness.
 
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great week trading the markets...love when it follows the technicals!

my long term pot folio still sucks

SO HAPPINESS IS IMPOSSIBLE
 
thecapitolist.com

FBI tapes at Burnette trial casts some Florida political players in unflattering light

Image, above: Scott Maddox walks into the courtroom in 2019 – Credit: Karen Murphy This week’s witnesses in the federal trial of J.T. Burnette, a Tallahassee businessman standing trial for …
thecapitolist.com thecapitolist.com

"He said then-commissioners Nancy Miller and Gil Ziffer couldn’t be bought but they could be influenced, both by Maddox and Burnette’s then-girlfriend, now wife Kim Rivers. He described Rivers as a real political player and said she could be very “revengeful.”

He said Miller always checked her position on something coming up for a vote with Rivers first. “She (Rivers) will run someone against you. Commissioners don’t want Kim to come against them. She is the perfect weapon when she is aimed against you.”

Burnette said he gave Rivers the money she used for political contributions. He said he “buys the gun and Kim pulls the trigger.”

He said the political consultant Drew Jones of VancoreJones Communication runs the political campaigns of nearly all the commissioners and when Rivers was unhappy with someone Jones would “run someone else if Kim wants.” Burnette said that, at that time, Rivers medical marijuana company, Trulieve, paid VancoreJones $15,000 per month in a retainer fee."
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Deckie007 said:
Someone talk me out of buying BABA. $193 just seems like a crazy discount right now.
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Depends on your time frame...should be nicely higher over the long term but in the short term, crazy discount can always get crazier (China regulatory risk).

I haven't touched it since it was a nice play for me a month ago.
 
CH1 said:
Depends on your time frame...should be nicely higher over the long term but in the short term, crazy discount can always get crazier (China regulatory risk).

I haven't touched it since it was a nice play for me a month ago.
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Would definitely be a long term hold. But yeah the discount can always get deeper.
 
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Deckie007 said:
American Tech is overvalued atm, China is where it's at if you can stomach the risk.
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I feel like the name of the game right now is identifying the next wave of tech. A lot of these SPACs are also interesting.

It's a very tough market to find anything interesting right now. Then again, I haven't tried all that hard.
 
I've been looking at the new ARK ETF, ARK.X - the space exploration ETF. It's been trading sideways since inception basically but I need to investigate further the stocks within the fund to see whether it's worth the investment.
 
I was sorta looking at SPCE a while ago, but the space stuff really seems like a stretch in my lifetime, so I have a hard time taking it seriously.
 
MJ degenerate folio at all-time highs. I went all-in on Verano as it tumbled to 17 bones. Still opportunities in the sector even in hideous downtrends.

Bought some Curaleaf as well yesterday. Most oversold on the daily than it has been since last March.


Earnings week begins Monday after hours with Curaleaf and then Verano on Tuesday morning. Verano needed to re-rate. Getting closer.
 
Nice job presto

As per usual, I bot the post earnings dip in ROKU this morning and got a seriously nice paycheque
 
LeafOfFaith said:
What's going on with Fastly getting crushed btw?
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the CEO can’t execute — I had a half size position and now relieved that it bounced back pretty hard today. It was down 10, finished down 4.5.

Nice dip to buy but I stayed away as I had my hands full with ROKU, W and DOCN.

still holding half my W and DOCN overnight because I have a sweet cushion and tomorrow’s jobs report can’t really hurt me
 
Fastly reminds me of Slack, except that it has no believably describable business.

What's DOCN all about? Never heard of it.
 
DOCN is a little under the radar Cloud play because it serves small to medium sized businesses (< 500 employees)

Long term risk is that the Big Cloud Gang (AMZN, MSFT, GOOGL) eventually take on that part of the business, so I'll be watching every quarter to see the results
 
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