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Hey Nerds: Blockchain

as for buying more cannabis....these companies are banking coin and life will get easier for them...so that's a no brainier if you're time horizon is more than 2 days
 
LeafOfFaith said:
Sure, but in the midst of that, it’s unclear if it’s going to drop another 10% just today. That was crazy.
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nobody will remember today six months from now...it's just a bunch of unpleasant noise

as a long termer yourself, you need to separate the signal from the noise
 
I don’t know how to do that in the moment. Today with stuff down $30-$40, it just feels like catching a falling knife. Suddenly, the house is on fire and it feels like any decision I’d make, whether to buy or sell, would be a bad one, so I get stuck doing nothing.
 
I’m thinking back right now, and I don’t think I’ve ever bought anything during a fire drill like today. I always buy when something is down but the waters are calm.
 
LeafOfFaith said:
I don’t know how to do that in the moment. Today with stuff down $30-$40, it just feels like catching a falling knife. Suddenly, the house is on fire and it feels like any decision I’d make, whether to buy or sell, would be a bad one, so I get stuck doing nothing.
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For sure..it's a little horrifying....but that's what the market is supposed to feel like once in a while. We've just been spoiled for the longest time.
 
Kudos to you to being able to act in those situations. I feel like I’d be able to do that if I were Buffett or Cuban and money means nothing so why not throw $10m at this morning and see if I can make $2m in a few hours. But deploying real money that I worked my ass off to make and then paid taxes through the nose, it’s just too hard for me to play fast and loose like that. I don’t really have a system to follow, as I go with research, a period of observation, and ultimately gut, so when the house is on fire I don’t trust my gut to guide me properly. It’s akin to the age old advice to never make a decision out of anger, just cool off and decide after regaining your calm.
 
VEXT down about 30% from highs. After selling this morning at 1.22 I'm a buyer at 1.13. Trimmed some TRUL and GTII earlier after their bounces to allocate those funds to Vextzilla. Was able to basically hold this name from 1.35 on my initial entry and down to 1.13 and I am profitable on them since my initial buy a few days ago. I'm in love with playing this name. When the bounce comes it should be fun. Hopefully they provide Q1 2021 guidance on their earnings report next month. AZ sales should be MWAH.

EDIT: Added at 1.06. Let's go.
 
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Correlation with the overall market is everything today on MSOs. Would love to see a miraculous broad market recovery. It's equilibriuming right now but a recovery with force would be explosive for our pot stonks.
 
VEXT now trading at an EV of about $76m. Their current estimate in revenues for 2022: 79m (which is verrrrry conservative IMO... 100m is possible). 2021 estimate is over 50m. Profitable company too.


This is "buy the dip and look away" territory. Take advantage of this inefficient market folks. As Toddo always says, I don't know which direction the next 20% is, but I'm pretty sure I know where the next 50% is.
 
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MSOS came close to taking me out by a few pennies

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