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Hey Nerds: Blockchain

CH1 said:
big picture, one we've discussed many times is that the big tutes will swamp the space.....pot gives them crazy growth without the nosebleed valuations of tech. sector rotation in 2021 will be favourable to us; just have to put up with dumb nervous retail money puking up once in a while
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Yeah it's coming. And the growth isn't slowing (though this quarter will be a lot slower than last). But yoy growth is still going to be substantial for several years. I have very few concerns with that. And longterm does anything else really matter?
 
I took advantage of the recent turbulence to add to my GTII position; now pretty close to my TRUL. So yeah, this past week wasn't fun, but it was necessary...and really not that bad when you zoom out a little.
 
Yeah my folio is looking wonky. Thumb takes up about half of my weed stocks these days. Loved seeing them tank the most. Adding a lot in the 30s felt like a gift.

I sold my trulieve yesterday to put into thumb at 38.30, only to buy trulieve back lower than where I sold it today. It has been fun.

I had some CXXI fun today too. It dipped to 1.67 so I kept averaging down to get to a 1.705 average. Sold it all at 1.82. Put it into the forever lagging CCHW. We'll see if that works out.
 
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Currently have 0 Cresco too. I sold it all yesterday at 17.05. Wish I bought the dip but chose to balls deep Thumb instead.
 
TSLA up over $100 today

I had the right idea buying calls yesterday (small profit) but did not hold overnight. Even keeping one call = $3500 profit. I'm quitting the game until I get diamonds implanted in my hands.
 
Preston said:
Yeah my folio is looking wonky. Thumb takes up about half of my weed stocks these days. Loved seeing them tank the most. Adding a lot in the 30s felt like a gift.

I sold my trulieve yesterday to put into thumb at 38.30, only to buy trulieve back lower than where I sold it today. It has been fun.

I had some CXXI fun today too. It dipped to 1.67 so I kept averaging down to get to a 1.705 average. Sold it all at 1.82. Put it into the forever lagging CCHW. We'll see if that works out.
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Early returns say no! You're a dummy presto! Columbia stagnant in the 8.20s. bought at 8.18.
 
CCHW is like a shitty family member that you just need to ignore....it actually held up last week better than most, so I sold it to fund my GTII re-purchases.

I'm still rooting for it, and have quite a bit of it....but it's dropped to #7. And it might hit #9 by tomorrow if RIV and CL continue to outperform it.
 
Two of my long term holds, JMIA and TSLA up 20%+ today after getting beat down for a couple of weeks. Very nice.
 
Deckie007 said:
Two of my long term holds, JMIA and TSLA up 20%+ today after getting beat down for a couple of weeks. Very nice.
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I really like JMIA long term...almost pulled the trigger on it yesterday. I think Africa is a great long term bet.
 
CH1 said:
CCHW is like a shitty family member that you just need to ignore....it actually held up last week better than most, so I sold it to fund my GTII re-purchases.

I'm still rooting for it, and have quite a bit of it....but it's dropped to #7. And it might hit #9 by tomorrow if RIV and CL continue to outperform it.
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Yeah I had none before today. Already trimmed some at 8.28 and shifted it into AYR at 40.60.


And now Thumb is under $40. Kind of a meh day from US cannabis considering the big dick strength on the broadies.
 
Preston said:
They report this week as well.


Presto tip: their proformas will be eye popping.
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Expecting around 50-55m and 80-90m proforma revenue with obviously enormous profitability (22-24m adj ebitda) coming at the heels of a weak LHS quarter. Q1 for LHS has been a bit better and perhaps AYR can clean up their operations because they do have a lot of assets so there's untapped growth there. So similar proforma revenues to CCHW, way more profitable at about the same market cap which I think is probably fair. CCHW has the huge footprint and can price in more growth than AYR and AYR has the obscene profitability metrics.
 
Preston said:
Expecting around 50-55m and 80-90m proforma revenue with obviously enormous profitability (22-24m adj ebitda) coming at the heels of a weak LHS quarter. Q1 for LHS has been a bit better and perhaps AYR can clean up their operations because they do have a lot of assets so there's untapped growth there. So similar proforma revenues to CCHW, way more profitable at about the same market cap which I think is probably fair. CCHW has the huge footprint and can price in more growth than AYR and AYR has the obscene profitability metrics.
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off topic but did your GME buddy hold his shares thru all this and ended up with a small fortune?
 
CH1 said:
off topic but did your GME buddy hold his shares thru all this and ended up with a small fortune?
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Still waitign for ~350. Wants to get to 1 milly. A sound investing/trading style! Most annoying part is it's probably going to work.
 
Preston said:
And now Thumb is under $40. Kind of a meh day from US cannabis considering the big dick strength on the broadies.
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This is what we call a reverse Manchin -- lackluster performance in a favorable environment. Meanwhile, Manchin produces incredible results for Democrats in an R+40 state. The man's cock is absolutely massive. 🥒
 



And that's why they're pumping. BoJo hinted at Europe a few weeks ago. I need to dig into this transaction. On the surface Europe seems blah and this seems too early to make the move. But I trust BoJo
 
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