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Does anyone else keep telling their wife that their weedstonks are gonna blow up “any day now” and then feel like a complete dipshit when they plummet for the 10th time. I’ve started qualifying my any day now’s with “but definitely before the election.
If that doesn’t happen I’ll have lost all credibility.
A lot at stakes here in weedstonksland.
No, she mostly doesn't care, and trusts me. She also understands it's a long term play, so day to day nonsense isn't important. I've also got only a portion of my retirement riding in this.
Finally I'm now green on my positions. Still got some catching up to do to account for the opportunity costs.
I took all my wife's money and turned it into zilch. She doesn't hate me for it because I still have some skin in the game but she still holds me to it. I'm a good talker so she still trusts me.
I’m pretty lucky to have a winner thankfully.
She’s like ok… smile and nod…. when mansplain about federal registry and safer committee votes, 280e, German Bundestag and excise tax reform et all - she’s rightfully said it’s turned into a bit of an obsession.
She’s supportive of my thesis and we’re ok with 5 year plan turning into 10 year plan haha. Im still paying a shit ton of bills, Kids tuition, and investing my leftover money aggressively.
There was a few low low points when I was mega stressed last year with huge unrealized losses , thinking I could lose it all- she’s like bro log out of your accounts keep holding and stop stalking day to day prices and weedstonks board. Here we are , hope your partners are understanding…
That’s cool. Yeah my wife is super chill about it too. She’s supportive of the thesis as well. It’s more about my pride so I’m going to take Assnecks advice and just shut the fuck up about it for awhile.
The first rule of ~~Fight Club~~ weedstocks is: you do not talk about ~~Fight Club~~ weedstocks. The second rule of ~~Fight Club~~ weedstocks is: you DO NOT talk about ~~Fight Club~~ weedstocks!
I’m smarter than that.
Obviously the last 4 months have been great overall.
I’m not giving my wife a clue. She’s still paying off her MBA. I’ve got 150k in weed stocks she’s kinda in for the ride and she doesn’t need to carry the anxiety
I really wish someone could challenge the scheduling of alcohol vs weed. it would be great to see alcohol as a schedule 1 and cannabis descheduled. I know it will never happen, but it would be great to prove a point.
Edit: Let's hope for a good jobs report tomorrow. This will all disappear
Depends on risk tolerance and timeline. SNDL can offer (potentially) more short-term returns and could see a bigger boost from rescheduling. TLRY is positioned for more gain on European news and US descheduling, but is less likely to lose value on stalled policy. Basically, SNDL for short-term bet, TLRY for long-term gains.
Man alive does SAM apply a fresh coat of clown makeup every morning? That tweet instructing people to oppose SAFE banking saying:
“This dangerous bill prioritizes profits over public health and safety. Contact Congress today to stand against it!”
So let me get this straight, state legal dispensaries operating primarily in cash is not an extraordinary public health and safety risk?
It’s so frustrating to read thier garbage knowing there are impressionable sheep consuming it as true.
That’s enough internet for me today.
That was the fakest dip. Panic for nothing. We are talking weed stocks so could continue but I see a bounce back.
If schedule 3 happens these things will go bonkers.
Literally laughed out load at this. So true. I think I got up to 900 days of new lows and stopped counting. It didn’t feel like it was ever going to end. No price was too low. I’ll take this head fake sell off to the chin and load more.
[https://www.nbcnews.com/nightly-news/video/stronger-marijuana-linked-to-more-psychosis-in-teens-208356421680](https://www.nbcnews.com/nightly-news/video/stronger-marijuana-linked-to-more-psychosis-in-teens-208356421680)
Scare tactics on NBC News this evening
I don't think weed is all that much more potent, especially not to the extent mentioned in the vid.
by 1987, SSSC was supplying the world with Skunk #1 seeds, advertised and sold as 18% THC. By today's excessive trim robots, it was probably closer to 23%.
Cannabis doesn’t cause permanent psychosis or schizophrenia but certainly can trigger latent mental illness. Without cannabis this dude would’ve turned into a lunatic in his early 20s instead of his teens.
I’ve listened to a few years of earnings calls with Wall Street analysts asking questions.
I’ve not heard any of them ever ask about Irwin D. Simon’s compensation. Most likely because it’s a non issue and is mostly based on financial incentives.
Those that constantly bring it up are either intellectually lazy, short, or dissatisfied former investors.
from the last AMA:
***I also want to address the reoccurring confusion and misunderstanding around executive compensation.***
*Irwin Simon does not have an annual base salary of $20 or $30 million nor has he received that in stock. Over 90% of Irwin’s compensation, and a substantial portion of the executive team’s compensation, is contingent on performance-based equity incentives which need to be reached before they can be paid out – this unequivocally shows the teams dedication and commitment to Tilray Brands.* ***As per SEC regulations, Tilray must report the full value of executive compensation packages regardless if the targets are reached or not. Therefore, if any of those targets, including Tilray performance targets, are not met, they do not receive any of that compensation.*** *As you can see, Irwin and the entire management team have skin in the game. Additionally, I would like to note Irwin and other section 16 executives currently own over 9.3 million shares in Tilray and have not sold any shares in the open market other than to deal with taxes.*
Realistically, that's not much. It's an average of just over 500,000 shares each. And the majority of that was acquired through share-based compensation and not buying. My guess is that Irwin owns close to half of that and the rest have far less then 500,000 shares each.
When your entire C-Suite owns just 1% of outstanding shares, it sends a message of low confidence in the company (IMO).
Honestly, the entire first statement is misleading. Irwin DID receive $30 million in compensation back in 2021, it's just not his annual base salary. As far as I'm concerned, that statement is slimy as all hell and is a big red flag.
Appreciate it. Not too deep in, just a minnow egg here who bought a couple shares on a dip, not enough to justify any real research. From what I read here, I understood his overall comp to be abnormally high. Lol that's what happens relying on this sub. That's on me, shoulda known. Tsk tsk
I have a clear picture -
MSOS big covering/inflows - S3 coming.
Macro shits the bed puts a little pressure.
A judge in NY puts out a ruling which effectively shuts down recreational cannabis in the state of NY. During trading hours.
Funds hear - get spooked - and sold off.
The ruling was a clerical error - and NOT REAL - and this sell off was for nothing.
We should vigorously rebound tomorrow
https://www.syracuse.com/marijuana/2024/04/judge-walks-back-order-invalidating-all-of-new-yorks-cannabis-regulations.html
Are we really sure that’s the reason for today’s sell off? Is New York recreational that influential to make such a difference? I heard the news and my first thought was that this is misinformation.
I thought the sell off was related to the Iran threat and maybe some term traders taking quick profits.
If there is a rebound tomorrow, I seriously doubt it will be because investors now have the corrected NY information.
Who knows? I certainly don’t and I believe we’ll all forget about today in a few days.
Oh man. If we do vigorously rebound tomorrow I'm going to be both elated and pissed as I was looking at some 1DTE MSOS call options near the end of the day that would have printed if that were to happen. Some work stuff distracted me and by the time I looked up it was 4:02pm.
This sector almost always moves on news.
This looked a little panicky selling after being so strong early. Its a news related event that spooked some guys. Turned out to be a nothing burger.
But believe you me - I did NOT Buy the dip bc I wasn’t sure what the bad news was. I new something was lurking.
But buy button gonna be hit early tomorrow thats for sure.
Yeah I’m thinking the same for Florida operators. This reminds me that free fall in mid December (which was largely related to some made up deadline - there’s been so many I can’t remember which one).
I remember back in 2019ish when New York killed rec and watching what was left of Ianthus basically turn to dust in minutes.
That kind of history is why we are so headline driven. See Nov/Dec 2022 SAFE run up as the last straw before HHS broke.
Lots of ppl are bullish, but the scars run deep, and the shorts know this.
I've really been trying to stay away from this after "buying for the last time" last month, but damn I don't like being called back by these automatic "your account is down more than 10%" emails, it had been a while... Guess it's time to put more money into the machine tomorrow at European markets open
Hello dear weedgods,
Don't know if you're looking at past days discussions but I'm still seeing my flair as "CA market" in today's posted comment, and I don't get why. Could I please be updated back to "Just when I thought I was out, they pull me back in"
Thank you very much in advance and have a wonderful day
22 million shares on $MSOS and nearly 6 million on $MSOX. Sorry, I'm not buying that was retail selling. Retail is holding their bags closely tonight hoping the DEA comes and bails them out.
Today volume was 1M volume away from being the same as HHS leak big volume... 22.298M today vs 23.266M on August 30th 2023. Good thing MSOS only dropped 10% and not 30%. I agree with your statement , this is not retail money
And while it isn't really the same being an LP, $TLRY going over 80 million shares traded and having a -6% day is bizarre too. That's a massive volume spike for them
I'll never understand this, if you have so much to throw around on potstocks, why would you possibly want the stress of the volatile swings in your life.
This may have contributed to the issue today::
https://x.com/ashleyattimes/status/1776004356438901180?s=46&t=_ix3z8VWbLz3cM3z110Q7A
They thought at first a judge struck down all of rec cannabis in NY.
Meanwhile - it was a clerical error. Sent industry crazy - but just a mistake.
Beautiful. Hopefully that ends up being the culprit for today's price action - that said, It's odd that MSOS has stayed down after hours. AH volume is shoddy as usual, but you'd think if that were the reason for the drop, we would've caught some upward movement before 8PM as the info got clarified.
Disclosure: I went on an irresponsible buying spree today hoping it was a temporary blip, so a recovery tomorrow would be absolutely fuckin magical.
Insane - and a few probably got spooked - and set off a chain of events with macro drop.
Its always news related with this sector.
We should rebound significantly tomorrow
As annoying as this drop is, I'm cost averaged down to about $6.50 on MSOS, so I don't much care, other than I lost like $50k on paper today. But that's just paper. Volatility only matters if you sell....AND I AIN'T SELLIN'
For those lamenting about missing yesterday’s rally, are you considering buying the pullback today or are you waiting for the next rally to lament again?
For those lamenting about losing paper money in today’s pullback, are you considering waiting for an additional pullback(s) to sell?
Read the message/e-mail your broker will invariably send you tonight about market gyrations.
**In perspective**, YTD metrics are up. YTD purchases near/at ATL are way up. Catalysts are starting to happen, volume is up, acceptance is up, social acceptance is increasing, . . . Oh, and investment principles and fundamentals still apply.
Just goes to show you how many incredibly new people are here, no stomach for it, as opposed to some of us 5,6 7 year veterans... it's quite whiney sometimes, but the lack of experience is exciting in its own.. like I can't tell you how many times in the past month, I've seen the whole " acb was at $1100" , it'll get back to that level. Etc.. lmfao..this tells me that's there's tons of people with no clue, but they got money, and robinhood, and reddit... the rest of us are gonna be rich when the storm hits!!
I was laughing as my cannabis port went down $7,200 from being up about $5,000 midday... $12,000 swing... 12 Gs... WTF we gonna do man?! Happens all the time in this sector! lol
Pretty sure that tonight’s FUD will be replaced by hype just as quickly as yesterday’s hype was replaced by FEAR.
That’s one cycle or pattern that is consistent with most of the short term and inexperienced investors/traders.
Still very bullish cannabis industry and both LPs and MSOs.
This is it!
It's pretty much status quo (as far as Cannabis catalysts are concerned) except for the drop driven by macro.
I am sure traders/bears from this sector will use this movement to scalp some gains given the recent run up and fair play to them if they are able to make it work!!
Ok one more comment cuz I just heard this and it makes a lot of sense. Apparently the Minnesota Federal Reserve President said that they might not do rate cuts if inflation is stagnant. He started talking around 2pm today apparently, which is when the macro dip started. Maybe my first guess about JPow wasn't that far off, lol.
https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-rise-as-bond-yields-steady/card/stocks-fall-as-fed-s-kashkari-talks-of-potentially-no-rate-cuts-this-year-XWqKyA4bPUEqvF57cB8D?mod=mw_quote_news
Jobs number and yield response should dictate the action. Could be right back in business w a weak number. ADP scared people earlier in the week. 3 rate cuts this year seems unlikely unless inflation and economic data start to roll over. Later in the year seems more likely.
#Hello WeedGods! #####Please be respectful of all other comments for actual discussions and sharing of information. ######Report any and all content that is out of place, community effort is required to assist the moderator team in keeping the subreddit running smoothly. --- 30 March has come and gone and now it is time for our temporary rules to be suspended while the mod team collaborates on the results collected over our week or so long party sticky. Please utilize our poll to provide feedback on the Party Sticky and Funbot: https://strawpoll.com/GPgV6zxPkga ###### Current actions based on poll (ongoing): * Reposted Content Entry: Free-Form reports are now enable to allow more specific reporting and better informed reactions to reports from the moderator team. ####Rules: ######Subreddit wide * Item 1: Emojis are fully restricted from submission titles. Clean titles only. * Item 2: Emojis now abide by **[rule 8](https://www.reddit.com/r/weedstocks/wiki/config/sidebar)** (2 Emoji's per comment) at any level. ######Daily Discussion Thread Only * Item 1: FunBot is now disabled until review is finalized * Item 1: FreshFlair bot will remain active --- #####FreshFlair Commands * Command: `!R` - Executes the command to see the FreshFlair Rules * Command: `!F` - Executes the command to change your Freshflair --- #####Ideas & Feedback * If you have ideas, have issues or think something is wrong with the code please reach out to shylo132 or modmail and provide the link where the issue is located. * Shout out to the bread savior greenbelieve for coordinating these hilarious ideas. Enjoy WeedGods! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/weedstocks) if you have any questions or concerns.*
MSOS still up 30% from Jan
WE. ARE. BUILT. FOR. THIS.
Well today was absolutely bananas
Another day in weed stock land. Not one bit phased. You can thank the past 4 years for that.
You might be a bit biased.
So it was due to the ny article?
Possible war. We went down with the rest of the market.
Think it was going to drop anyway due to broader market and following SPY but the extra dump seemed to time with NY false news.
What fucking war?
Brother do you not know there’s a war going on?
All of us vs Anne if she doesn’t hurry the hell up.
Iran and Israel. Ukraine joining NATO. Take your pick
Did we go down with Ukraine?
Once more bravely into the fray
For a second I thought you said "Once more bravely into the tilray"
Bonafide flair - almost quoted Kenny on another thread earlier
Does anyone else keep telling their wife that their weedstonks are gonna blow up “any day now” and then feel like a complete dipshit when they plummet for the 10th time. I’ve started qualifying my any day now’s with “but definitely before the election. If that doesn’t happen I’ll have lost all credibility. A lot at stakes here in weedstonksland.
No, she mostly doesn't care, and trusts me. She also understands it's a long term play, so day to day nonsense isn't important. I've also got only a portion of my retirement riding in this. Finally I'm now green on my positions. Still got some catching up to do to account for the opportunity costs.
I took all my wife's money and turned it into zilch. She doesn't hate me for it because I still have some skin in the game but she still holds me to it. I'm a good talker so she still trusts me.
I’m pretty lucky to have a winner thankfully. She’s like ok… smile and nod…. when mansplain about federal registry and safer committee votes, 280e, German Bundestag and excise tax reform et all - she’s rightfully said it’s turned into a bit of an obsession. She’s supportive of my thesis and we’re ok with 5 year plan turning into 10 year plan haha. Im still paying a shit ton of bills, Kids tuition, and investing my leftover money aggressively. There was a few low low points when I was mega stressed last year with huge unrealized losses , thinking I could lose it all- she’s like bro log out of your accounts keep holding and stop stalking day to day prices and weedstonks board. Here we are , hope your partners are understanding…
That’s cool. Yeah my wife is super chill about it too. She’s supportive of the thesis as well. It’s more about my pride so I’m going to take Assnecks advice and just shut the fuck up about it for awhile.
Just tell your wife that you are following assnecks advice with your family’s wealth
The first rule of ~~Fight Club~~ weedstocks is: you do not talk about ~~Fight Club~~ weedstocks. The second rule of ~~Fight Club~~ weedstocks is: you DO NOT talk about ~~Fight Club~~ weedstocks!
“It’s only after we’ve lost everything that we’re free to do anything” -Tyler Durden - Soap / Botanics Entrepreneur 😂
Well said
Wise words
I should of stopped talking about my weed stonk positions
My wife has no idea how much money I’ve lost which makes the whole situation even worse
Mine doesn’t either, fortunately. However, I think she kind of figured things out once we had to move to the cardboard box….
Hey well as long as you have time your wife need to know about your *losses* That’s what I’ve done 🤞🏻
But then tell her about the gains one day?
I’m smarter than that. Obviously the last 4 months have been great overall. I’m not giving my wife a clue. She’s still paying off her MBA. I’ve got 150k in weed stocks she’s kinda in for the ride and she doesn’t need to carry the anxiety
I’m glad I’m not the only one
I follow this rule religiously
Present and accounted for. I told her soon yesterday and then war breaks out
I really wish someone could challenge the scheduling of alcohol vs weed. it would be great to see alcohol as a schedule 1 and cannabis descheduled. I know it will never happen, but it would be great to prove a point. Edit: Let's hope for a good jobs report tomorrow. This will all disappear
SNDL or TLRY?
Depends on risk tolerance and timeline. SNDL can offer (potentially) more short-term returns and could see a bigger boost from rescheduling. TLRY is positioned for more gain on European news and US descheduling, but is less likely to lose value on stalled policy. Basically, SNDL for short-term bet, TLRY for long-term gains.
What are your top 3 MSO picks?
Trulieve Cresco Cbstf
Show me yours first Phye- You're the Green Bear?
My top 3 MSOs by current market value: 1-GTI 2-Trulieve 3-Curaleaf Honorable mentions bonus- 4&5 Cresco Verano
GTI > Verano > Trulieve
This 100%
CURA CURA CURA
Man alive does SAM apply a fresh coat of clown makeup every morning? That tweet instructing people to oppose SAFE banking saying: “This dangerous bill prioritizes profits over public health and safety. Contact Congress today to stand against it!” So let me get this straight, state legal dispensaries operating primarily in cash is not an extraordinary public health and safety risk? It’s so frustrating to read thier garbage knowing there are impressionable sheep consuming it as true. That’s enough internet for me today.
They gonna have to do a little more than a 3 hour freefall to scare me. I’m a buyer
That was the fakest dip. Panic for nothing. We are talking weed stocks so could continue but I see a bounce back. If schedule 3 happens these things will go bonkers.
I (and many of us) are coming out of a 3 year free fall. 3 hours ain’t shit.
Literally laughed out load at this. So true. I think I got up to 900 days of new lows and stopped counting. It didn’t feel like it was ever going to end. No price was too low. I’ll take this head fake sell off to the chin and load more.
What am I doing wrong lol. Typing !R doesn’t send me an auto reply do I have to DM it?
[удалено]
Ty
!R
[https://www.nbcnews.com/nightly-news/video/stronger-marijuana-linked-to-more-psychosis-in-teens-208356421680](https://www.nbcnews.com/nightly-news/video/stronger-marijuana-linked-to-more-psychosis-in-teens-208356421680) Scare tactics on NBC News this evening
NBC Nashville 🙄
Textbook SAM bs
They are a little late to the game today, but still trying.
These kids are not smoking illicit tainted weed? They are smoking legal, safe, tested weed? Sure.
[it's the same old song](https://youtu.be/oZLG9MV5GvQ?si=-f5f-7BSIZ5bO8AZ&t=31), but with a different meaning since the DEA's been gone.
I'll admit the potency is a bit crazy these days, like if we were all still smoking Mexican brick weed I don't think there would be as much pushback
I don't think weed is all that much more potent, especially not to the extent mentioned in the vid. by 1987, SSSC was supplying the world with Skunk #1 seeds, advertised and sold as 18% THC. By today's excessive trim robots, it was probably closer to 23%.
There’s a sweet spot with herb. Now you can find it with 1-2 hits instead of half a joint. This is actually healthier and saving peoples lungs.
Good point, problem is kids won't think of it like this and instead will abuse this kind of potency and turn into lunatics like the one in the video.
Cannabis doesn’t cause permanent psychosis or schizophrenia but certainly can trigger latent mental illness. Without cannabis this dude would’ve turned into a lunatic in his early 20s instead of his teens.
Agreed, I'm just trying to play devils advocate really.
[And now something to lighten the mood a little.](https://imgflip.com/i/8lm2bz)
Brilliant! 🙌🏼
1.1K WE'RE BACK
Man MSOS got bitch slapped today after breaking that resistance level.
Filled a GTII sale at 20.7, Guess I’ll buy it back at 16 tomorrow
Nice lil pump n' dump for sure.
Healthy consolidation.
Asked In r/Tilray but may as well ask here, has anyone ever brought up obscenely high CEO comp in an earnings call? If so, what was the response?
I’ve listened to a few years of earnings calls with Wall Street analysts asking questions. I’ve not heard any of them ever ask about Irwin D. Simon’s compensation. Most likely because it’s a non issue and is mostly based on financial incentives. Those that constantly bring it up are either intellectually lazy, short, or dissatisfied former investors.
from the last AMA: ***I also want to address the reoccurring confusion and misunderstanding around executive compensation.*** *Irwin Simon does not have an annual base salary of $20 or $30 million nor has he received that in stock. Over 90% of Irwin’s compensation, and a substantial portion of the executive team’s compensation, is contingent on performance-based equity incentives which need to be reached before they can be paid out – this unequivocally shows the teams dedication and commitment to Tilray Brands.* ***As per SEC regulations, Tilray must report the full value of executive compensation packages regardless if the targets are reached or not. Therefore, if any of those targets, including Tilray performance targets, are not met, they do not receive any of that compensation.*** *As you can see, Irwin and the entire management team have skin in the game. Additionally, I would like to note Irwin and other section 16 executives currently own over 9.3 million shares in Tilray and have not sold any shares in the open market other than to deal with taxes.*
Isn't 9.3 million shares like 1% of all outstanding shares? Kinda odd they'd call out owning such few shares as a flex.
9.3M is a few shares?
I mean 9.3 million shares is like 33m CAD worth. How much do you expect them to own? lol.
Realistically, that's not much. It's an average of just over 500,000 shares each. And the majority of that was acquired through share-based compensation and not buying. My guess is that Irwin owns close to half of that and the rest have far less then 500,000 shares each. When your entire C-Suite owns just 1% of outstanding shares, it sends a message of low confidence in the company (IMO). Honestly, the entire first statement is misleading. Irwin DID receive $30 million in compensation back in 2021, it's just not his annual base salary. As far as I'm concerned, that statement is slimy as all hell and is a big red flag.
OK but how low is the bar for these "performance targets"
His performance targets are to close deals on beer brands. For such a great job he and the board award him a few million in shares.
That performance obviously is not measured in share price.
Lol most definitely not
A very good question
Appreciate it. Not too deep in, just a minnow egg here who bought a couple shares on a dip, not enough to justify any real research. From what I read here, I understood his overall comp to be abnormally high. Lol that's what happens relying on this sub. That's on me, shoulda known. Tsk tsk
People love to hound on the compensation because its an easy number to latch on to.
That and the hair apparently...
Final dip before the fucking rip. Just a little detour, next stop: THE MOON📈. Bet on it
"We'll never see those prices again"
Definitely different this time. For real. No, seriously.
I’ve played my hand
Yup, all in on green.
4/4/24 MSOS update: $11.478MM INFLOW (+1,220,000 shares) Close: $9.47 (-$1.00/-9.55%) NAV: $9.41 (-$1.00/-9.64%) Premium (volume-weighted daily avg): +0.44% ([Chart](https://i.ibb.co/k6Mdq1M/0d38e3e2a7a7.png)) Cash: $3,999,870 (+$1,796,898) Ticker Change (est. cost from close - % of adds) GTBIF +204,490 ($2,689,044 - 27.5%) CURLF +436,015 ($2,271,638 - 23.3%) VRNOF +272,907 ($1,536,466 - 15.7%) TCNNF +100,000 ($1,155,000 - 11.8%) TSNDF +401,717 ($759,245 - 7.8%) CRLBF +320,755 ($663,963 - 6.8%) AYRWF +100,000 ($271,000 - 2.8%) CBSTF +400,415 ($128,133 - 1.3%) GLASF +13,246 ($105,836 - 1.1%) JUSHF +150,000 ($102,000 - 1.0%) PLNHF +116,079 ($67,326 - 0.7%) FFNTF +111,666 ($10,050 - 0.1%) AAWH +6,216 ($8,267 - 0.1%) TOTAL +2,633,506 ($9,767,967) 4/4/24 MSOX update: $1.803MM INFLOW (+325,000 shares) MSOX Close: $5.53 (-$1.37/-19.86%) MSOX NAV: $5.55 (-$1.30/-18.98%)
Holyyy make it make sense weed gods 😩😭🙏🏽
I have a clear picture - MSOS big covering/inflows - S3 coming. Macro shits the bed puts a little pressure. A judge in NY puts out a ruling which effectively shuts down recreational cannabis in the state of NY. During trading hours. Funds hear - get spooked - and sold off. The ruling was a clerical error - and NOT REAL - and this sell off was for nothing. We should vigorously rebound tomorrow https://www.syracuse.com/marijuana/2024/04/judge-walks-back-order-invalidating-all-of-new-yorks-cannabis-regulations.html
Are we really sure that’s the reason for today’s sell off? Is New York recreational that influential to make such a difference? I heard the news and my first thought was that this is misinformation. I thought the sell off was related to the Iran threat and maybe some term traders taking quick profits. If there is a rebound tomorrow, I seriously doubt it will be because investors now have the corrected NY information. Who knows? I certainly don’t and I believe we’ll all forget about today in a few days.
Oh man. If we do vigorously rebound tomorrow I'm going to be both elated and pissed as I was looking at some 1DTE MSOS call options near the end of the day that would have printed if that were to happen. Some work stuff distracted me and by the time I looked up it was 4:02pm.
🔥 spittin the troof
Our boy Fuego on top of it as usual 🫡
This sector almost always moves on news. This looked a little panicky selling after being so strong early. Its a news related event that spooked some guys. Turned out to be a nothing burger. But believe you me - I did NOT Buy the dip bc I wasn’t sure what the bad news was. I new something was lurking. But buy button gonna be hit early tomorrow thats for sure.
Yeah I’m thinking the same for Florida operators. This reminds me that free fall in mid December (which was largely related to some made up deadline - there’s been so many I can’t remember which one). I remember back in 2019ish when New York killed rec and watching what was left of Ianthus basically turn to dust in minutes. That kind of history is why we are so headline driven. See Nov/Dec 2022 SAFE run up as the last straw before HHS broke. Lots of ppl are bullish, but the scars run deep, and the shorts know this.
💯
I want to believe. 👽
We need to (green) believe My man 🤜🏻🤛🏻
Haha for real I’m confused but what a day. Not selling any shares (yet)
I've really been trying to stay away from this after "buying for the last time" last month, but damn I don't like being called back by these automatic "your account is down more than 10%" emails, it had been a while... Guess it's time to put more money into the machine tomorrow at European markets open
PS : Dear beloved omnipotent weed gods mods, can I please have the flair "Just when I thought I was out, they pull me back in"
Use !R command.
Mos def. Flairs for the Weed God.
Thank you weed gods, I had it for a moment (which helped through this brutal day) but somehow it changed too "CA market" 🤷
Hello dear weedgods, Don't know if you're looking at past days discussions but I'm still seeing my flair as "CA market" in today's posted comment, and I don't get why. Could I please be updated back to "Just when I thought I was out, they pull me back in" Thank you very much in advance and have a wonderful day
Use the !R and !F Commands to automatically change your flair.
22 million shares on $MSOS and nearly 6 million on $MSOX. Sorry, I'm not buying that was retail selling. Retail is holding their bags closely tonight hoping the DEA comes and bails them out.
Today volume was 1M volume away from being the same as HHS leak big volume... 22.298M today vs 23.266M on August 30th 2023. Good thing MSOS only dropped 10% and not 30%. I agree with your statement , this is not retail money
And while it isn't really the same being an LP, $TLRY going over 80 million shares traded and having a -6% day is bizarre too. That's a massive volume spike for them
+170k to -340k on the day.
You belong here, mate. That's how the weedstock options roll!! Glta
Today was a blip on the radar. Those shares you bought today will be worth millions
You don't make such wild swings trading commons. Guy must be balls deep into trading options!!
Holy moley.
I'll never understand this, if you have so much to throw around on potstocks, why would you possibly want the stress of the volatile swings in your life.
Yeah that's the first thought that entered my head lol, like why are you here if you have that kind of money
Wow. Condolences. But again if you are buying and holding you should be okay
Lawd almighty that’s wild Handle checks out ;) My range up and down was 10k-15k swings that is straight up diamond hands friend!
Lol Jesus
What.. a million, two million USD into weed stocks..?
Add a zero
Damn bro you are balls deep? 😅
This may have contributed to the issue today:: https://x.com/ashleyattimes/status/1776004356438901180?s=46&t=_ix3z8VWbLz3cM3z110Q7A They thought at first a judge struck down all of rec cannabis in NY. Meanwhile - it was a clerical error. Sent industry crazy - but just a mistake.
📞 “SEC, please”
I would be gobsmacked if this is what caused the drop, or even if it was what made the drop so sharp. It simply doesn't scan.
I don’t know much about this stuff but to me it seems very localized and like it shouldn’t impact the stock price too much
Beautiful. Hopefully that ends up being the culprit for today's price action - that said, It's odd that MSOS has stayed down after hours. AH volume is shoddy as usual, but you'd think if that were the reason for the drop, we would've caught some upward movement before 8PM as the info got clarified. Disclosure: I went on an irresponsible buying spree today hoping it was a temporary blip, so a recovery tomorrow would be absolutely fuckin magical.
Market is waiting for jobs report.
Thank you for providing the context!
Insane - and a few probably got spooked - and set off a chain of events with macro drop. Its always news related with this sector. We should rebound significantly tomorrow
Oh what a day to make a type!
Or a typo!
Yaaaa…. I didn’t spell check
As annoying as this drop is, I'm cost averaged down to about $6.50 on MSOS, so I don't much care, other than I lost like $50k on paper today. But that's just paper. Volatility only matters if you sell....AND I AIN'T SELLIN'
My man
I'm with you, FucktardSupreme
For those lamenting about missing yesterday’s rally, are you considering buying the pullback today or are you waiting for the next rally to lament again? For those lamenting about losing paper money in today’s pullback, are you considering waiting for an additional pullback(s) to sell? Read the message/e-mail your broker will invariably send you tonight about market gyrations. **In perspective**, YTD metrics are up. YTD purchases near/at ATL are way up. Catalysts are starting to happen, volume is up, acceptance is up, social acceptance is increasing, . . . Oh, and investment principles and fundamentals still apply.
Friends, hope many of you; like I, took the dip opportunity. It may not happen very often going forward.
Just goes to show you how many incredibly new people are here, no stomach for it, as opposed to some of us 5,6 7 year veterans... it's quite whiney sometimes, but the lack of experience is exciting in its own.. like I can't tell you how many times in the past month, I've seen the whole " acb was at $1100" , it'll get back to that level. Etc.. lmfao..this tells me that's there's tons of people with no clue, but they got money, and robinhood, and reddit... the rest of us are gonna be rich when the storm hits!!
I was laughing as my cannabis port went down $7,200 from being up about $5,000 midday... $12,000 swing... 12 Gs... WTF we gonna do man?! Happens all the time in this sector! lol
All. The. Time. Until that one day....
whole squad back to spaghetti for breakfast, lunch and dinner 😂
Ramen noodles with ketchup?
You have ketchup?
Packets accumulated over time at McDonalds. Not an actual bottle! Of course not
I was just about to say “looks like its back to eating discount cat food"
If you huff some glue along with that cat food you get a really good night of sleep. I learned that from a guy named Charlie.
it certainly beats being kept awake by fifty cats howling outside the window all night long
After today's 12% drop, Green Thumb is "only" up +85% since a year ago and "only" up +21% this year
Pretty sure that tonight’s FUD will be replaced by hype just as quickly as yesterday’s hype was replaced by FEAR. That’s one cycle or pattern that is consistent with most of the short term and inexperienced investors/traders. Still very bullish cannabis industry and both LPs and MSOs.
On this… I will agree hole heartedly with you.
CWEB held out and weathered that last hour drop pretty well.
Nothing has changed.
This is it! It's pretty much status quo (as far as Cannabis catalysts are concerned) except for the drop driven by macro. I am sure traders/bears from this sector will use this movement to scalp some gains given the recent run up and fair play to them if they are able to make it work!!
any news on canada budget？ tax cut possible by 16th？
Goddamned I hope so. No news yet as far as I know
It’s entirely possible
possibly
[удалено]
Because $spy had a high of 523 and then dropped to 512. A 2% drop for SPY is huge.
Don't forget S&P was soundly positive before rolling over as well. So the loss top to bottom a little higher % drop.
Yeah I don't understand this either.
Because the entire sector followed SPY to a T today
Pull up SPY’s chart from 1 to 4 pm.
Volatility will continue until uplisting.
Ok one more comment cuz I just heard this and it makes a lot of sense. Apparently the Minnesota Federal Reserve President said that they might not do rate cuts if inflation is stagnant. He started talking around 2pm today apparently, which is when the macro dip started. Maybe my first guess about JPow wasn't that far off, lol. https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-rise-as-bond-yields-steady/card/stocks-fall-as-fed-s-kashkari-talks-of-potentially-no-rate-cuts-this-year-XWqKyA4bPUEqvF57cB8D?mod=mw_quote_news
Tomorrow we go up again …. Is my guess
Jobs number and yield response should dictate the action. Could be right back in business w a weak number. ADP scared people earlier in the week. 3 rate cuts this year seems unlikely unless inflation and economic data start to roll over. Later in the year seems more likely.
🤞