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Hey Nerds: Blockchain

If you're constantly wrong about everything but you keep telling everyone that you were actually right, were you ever really wrong?
 
More of a business I think. It pays very well to be entertaining, funny and have doomsday or outlier opinions. He was once a boring serious market analyst but no one cared about him back then!
 
Preston said:
More of a business I think. It pays very well to be entertaining, funny and have doomsday or outlier opinions. He was once a boring serious market analyst but no one cared about him back then!
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I think he still has his own conservative etfs
 
CH1 said:
I think he still has his own conservative etfs
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Funny you say that. I know a guy who has an ETF with over $100m in Net Assets (he became a bit big time for me since his ETF was worth over $50m). It's a Toronto guy that recently moved to New York... Anyway he told me that he knows Gayed and has showed me some of the emails he sent him in the past.. I don't think his twitter persona/ego is completely an act. He's a bit goofy and incredibly cocky. Those two had a bit of a silent rivalry for a few years. My guys ETF had grossly outperformed his for a couple years and he made sure to mention that to me 5000 times. The egos in that industry are next level.
 
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Preston said:
I decided to let go of my CBST at 39.5c. Perhaps early. Tomorrow is another day of major ETF buying. But a ~45% gain in a couple weeks on a fairly substantial position is nothing to sneeze at. Sold in case it can't get through 40c but it likely has 1-2c upside before the inevitable Monday pullback. Dipped my toe into Thumb as well at 14.84. Let's see.
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Big close on Thumb today. I added earlier in the day at 14.71 to get to a regular sized position, sorta thinking that the potential was there for smart money to buy aggressively EOD knowing that the ETF selling is likely done.

I did leave 1.5c on the table on CBST which is about what I suspected but I was concerned we'd see further profit taking on shitcos today. But nah, they mostly all continued to rip.


I also took a baby nibble on FFNT at 7c. Garbage corp but I wanna see what they do when 15x their avg daily volume isn't being sold every day. Baby nibble tho. Friday after hours is always a risk for shitcos to release bad news. They need cash too.
 
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View: https://x.com/boldux/status/1824809488752193731?t=UzQBRhnM45ya6qzJRiZjVg&s=19

Some 5 day returns from those on the buy side:
Plth: +42%
CBST: +22%
TSND; +27%
VRNO: +18%
CL: +29%
JUSH: +29%
MRMD: +29%

And on the sell side:
GTII: -1%
CURA: -8%
TRUL: +3%
FFNT: -38% (entirely liquidated)
GRAM: -40% (entirely liquidated)

Next week should be interesting! Especially with this piece of news:


View: https://x.com/March2Millions/status/1824617361770475812?t=xf-0YQB-5SSzzbsgSVpX1g&s=19

I reckon the big 3 have some torque next week if we see some momentum from rescheduling and the DNC on Monday. Those millions of dollars worth of shares that were sold and bought will no longer be on the tape on all those names beginning on Monday. That helped many names, hurt others. Monday is when things begin to normalize in a hunt for some of the market efficiency that was lost last week.
 
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FFNT up 21% early on today. So that gamble has paid quite well.

Seeing some shitcos hold their dick fairly well so far without the artificial buying pressure and others not so much. Cresco down 7%, Ayr 4%, Verano 3%, etc. It's a process. Unfortunately a Thumb pump hasn't quite materialized but it's hanging out above where it was all of last week so no complaints there. Lots of day left.
 
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ooh S&P might hit an all time high today too.

Nasdaq won't but it makes sense that it would lag as it was probably the most bubbly a month ago.
 
+29% on FFNT. Not an enormous position but I was able to sell SOME at 9c for a 29% gain. Not a bad chunk of change for less than a day of trading. Won't get too greedy on the rest. Had to sell in batches tho in any event, it's not the most liquid product.

Thank you for the shares, $MJUS ETF. That was as much of a freebie as you'll ever get in the stock market.
 
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