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Hey Nerds: Blockchain

Deployed the VEXT funds in Cresco and Trulieve near lows. If this QQQ bounce has legs, we could get a laggard blast on weed. Skeptical but we shall see.
 
I'm positioned for a rally into Monday...no promises but bulls have the ball right now after defending overnight lows
 
pullback right on schedule.....let's see if the bulls can keep the ball
 
CH1 said:
got more MSOS calls in the downdraft
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The setup is absolutely perfect right now. But that's what makes it hard.. High reward is often a result of high risk. What if the overall market doesn't bottom until April?
 
Preston said:
The setup is absolutely perfect right now. But that's what makes it hard.. High reward is often a result of high risk. What if the overall market doesn't bottom until April?
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not seeing a lot of life today in MSOS....with Nasdaq outperforming SPX for a change ("risk on" vibe ) I would have expected pot to snap back harder this am
 
CH1 said:
not seeing a lot of life today in MSOS....with Nasdaq outperforming SPX for a change ("risk on" vibe ) I would have expected pot to snap back harder this am
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MSOers clearly skeptical that this move on Nazzy/SPY is legit. Weak bounce so far but if we've bottomed out in the near term I fully expect MSOs to go nutso this whole month. Haven't seen any evidence to support that they've bottomed but like I said, that's what makes it hard and that's what makes the potential reward so juicy.
 
I don't know about "the bottom"...I'm just calling the bottom for the next three days....vicious snapback today in names like ROKU and other tech.....let's hope MSOs get some of the "risk on" money
 
CH1 said:
I don't know about "the bottom"...I'm just calling the bottom for the next three days....vicious snapback today in names like ROKU and other tech.....let's hope MSOs get some of the "risk on" money
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Yeah wasn't claiming you're bottom fishing. I'm just saying that this is the setup we all dreamt of heading into earnings season, assuming we've bottom on the broady for the month of March (which is purely a guess and there's nothing to back that up as we're still in a clear daily downtrend... but that's how you get high upside setups).
 
Preston said:
Yeah wasn't claiming you're bottom fishing. I'm just saying that this is the setup we all dreamt of heading into earnings season, assuming we've bottom on the broady for the month of March (which is purely a guess and there's nothing to back that up as we're still in a clear daily downtrend... but that's how you get high upside setups).
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damn earnings season for Cannabis was not aligned with the bigger bullish picture for overall stocks
 
Yeah especially with SAFE+uplistings potentially on the horizon. Any reaction will be severely muted if we continue to be weak. Probably won't quite get the GA Senate perfect storm setup. Ah well.
 
This is really ugly. Hopefully you guys consider this a healthy consolidation and not the beginnings of something much worse.
 
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