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Hey Nerds: Blockchain

Not to mention, this is a drop in the bucket considering the run we just had. This drop shouldn't even make you flinch.
 
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I thought of this too. A Presto lock of the week is a NJ based acquisition next IMO. It'll be crazily priced. Extremely expensive. But they have the cash and the balance sheet to do it. And having a large presence in NJ, PA and dominating Florida puts them in a real nice spot. The key: all three states are extremely profitable with huge ass margins. They could of course search for very immature markets and bleed cash in the meantime while hoping things mature (with far cheaper acquisition prices) or they can blow their wad for markets that you know will be worthwhile. I like the latter option. GTII got in most of their markets by winning licenses years ago which is the cheapest way to do it. Curaleaf won licenses but also acquired everything in sight; some good value and some bad value and now Trulieve set up shop in 1 state, dominated and are spending out of their asshole for other high rising markets. I suspect every strategy works in the end but to what extent? WHAT A TIME TO BE ALIVE!!!!
 
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CH1 said:
You're a smart man, so I don't have to tell you this -- if you want outsized returns (10-12%) over a period of decades, you have to be willing to experience days, weeks, months and even the odd year of carnage.
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I know. But I must complain about it incessantly. Otherwise the market will think this kind of thing is okay.
 
Lightened up a touch more on Thumb at 18.40. Still fairly heavy on them but I wanted to continue my TRUL nibble. Replaced the 18.40 Thumb with a 25.20 and 25.43 buy on Trulieve. TRUL is the far more interesting play for me moving forward as we're seeing exciting volume on them today; should be volatile, which I like. But there is of course greater risk on them in the short-term. Always dangerous going against the trend. Thumb is strong like bull, TRUL is not. But hey let's do it. I still wish success for both of them!
 
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That's a bull break on Thumb there. Would be beautiful if she continued into tomorrow. HOT DAMN!

Today was 1000 times better than I expected. Woohoo!
 
CH1 said:
anyone who bought TRUL at the open is up 2%....that's what I wanted to see.
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Cantor Fitz nailed the bottom. They're in at $25. Bought immediately and did nothing else the rest of the day. I'm at a 25.30 average today which is fine.
 
Is the 'lieve volume really going to die today? 1 day of action and that's it? Really? Presto is disappointed.
 
CH1 said:
I'm liking this Canadian Lithium play -- LAC. Been accumulating since 10.50 CDN; now at $12, with some nice volume behind it.
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this thing is running into Tesla's battery day...now 13.73
 
I'm fine with it. It's Friday. Which means MSOs will have a days worth of moves in the last 5 minutes of trading. I guess I'll just be patient.
 
The Thumb strength has me optimistic that this could be the start of something special. Daily trend changes are no joke. Leaders lead. The rest will follow.

EDIT: But fucking hell, 17k volume on Thumb makes Presto a sad man. Hard to be convinced when we're dealing with that amount of $$$.
 
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Toddo keeps mentioning money managers who are buying the Thumbs of the world in their private accounts but can't load up on the names in their funds until they get the ok from compliance. That's when volume will get interesting; uplistings to Nasdaq and options will be exciting.
 
Toddo is the zeke of MJ. I like him but he's such a god damn homer.

But anyway, that makes sense. A Biden loss would hurt, no doubt. Any chance of SAFE passing, uplists being possible, etc is a Biden win. A flip of the Senate and we're looking at sheer euphoria in the sector IMO.
 
Right now, barring any narrative shift, I am happy when they go up, and happy when they go down (buy more). This is the only time in my investing life when I've felt like Warren Buffett.
 
CH1 said:
Right now, barring any narrative shift, I am happy when they go up, and happy when they go down (buy more). This is the only time in my investing life when I've felt like Warren Buffett.
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Yup. I might be happier to see them drop as I am about 90% cash in my degenerate account.
 
CH1 said:
zeke is occasionally right, so it's ok.
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Except at least toddo has connections and provides nice insight from those connections. Zeke's connections are from his brain and bloated ego. But we all love him. His success rate is still over 50% in solid calls/opinions. He just takes the extreme approach far too often and doesn't really know what middle ground means. Toddo-esque.
 
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