Been reading you since Y2K-ish. Just want to say a profound thank you, Todd, for all the words you put out there while asking for little in return. I've learned the hard way that I'm not a good trader, lol, so I particularly appreciate your longer term perspectives and tweets. I really look forward to being on this journey the next few years with you and the other good people in this space. Gonna be a wild and likely profitable ride.
This SPAC boom is not bringing in as many cannabis names as I would have expected is this because the majority of companies are too small or because company owners want to stay private until they can IPO at bigger valuations. Example for me would be a company like Lowell Farms Cannabis. I'm located in Canada so I don't have much of a POV of the US market at the micro level other than what is printed.
Right now, the biggest challenge (for me anyway) is freeing up enough cash to buy pretty much anything in the sector before individual investors' edge on funds disappears.. But as you point out, that won't always be the case. Some companies will do a better job than others, some of their strategies will prove more resilient. Because I would just be guessing, I have cast a reasonably wide net, with a strong focus on the majors.
The other point you raise is the potential of 3.0, with your focus on GWPH. That company, and the stock, is showing promising signs, but it's still dependent on the vagaries of drug development and acceptance. Your point about medical schools avoiding cannabis is a good one, but it does make me a little uneasy about how quickly such developments can occur or be embraced.
agree on both sides; we're trying to stretch dollars across the US while not losing sight to the trading opps in CAD / elsewhere. the adoption / migration / understanding is still in front of us IMO but it won't be linear (I don't think). re GW guilty as charged always early but if this isn't 210 ->350 -> 500 then ... it's not ;-) but I think it will / could be and of course /position.
I'm trying to keep it relatively simple, because you're an experienced professional trader and I'm not. I'm focusing on accumulating stock in the MSO majors while starting smaller positions along the way (AYRWF, CCHWF, CXXIF, HRVSF). I feel a sense of urgency because my edge (beating the elephants) is going to disappear soon, so I'm acting more aggressively than I ordinarily would. ("Aggressive" is a relative term, of course - I don't have 90%, or even 40%, of my investment money in cannabis stocks.) I know the mindless bull run won't last forever, and the overall stock market giddiness makes me uneasy.
I have wanted to start a position in GWPH almost on principle but I'm not sure how to value it. I know you are quite optimistic but biotechs always feel like a crapshoot to me.
Sometimes (more often than not) a chart provides more info than valuation metrics. I’ve looked at a lot of charts in 35 years and the long and short term bases are about as good a setup as you’ll see. I’d prefer they’d be high level and ‘blue sky’ on the breakout (145-150 w/ volume) but nothing is perfect. Would not be shocked at a fast ride to 190ish on a clean break,but let the chart tell you what to do. In any case, best in breed. Long term, largest in my collection.
Note: A breakout that holds 145-150 not only confirms the long term Reverse H&S btm, but cancels the long term H&S top. Kinda defines inflection point. Good luck whatever you do.
not gonna do ur work for you my friend, only gonna shine a light. lotsa tickers on my twitter feed and none of them advice. but if there on there, and my name is next to them, there is a semblence of confidence, not to say that's always right. anyway, happy hunting!
Been reading you since Y2K-ish. Just want to say a profound thank you, Todd, for all the words you put out there while asking for little in return. I've learned the hard way that I'm not a good trader, lol, so I particularly appreciate your longer term perspectives and tweets. I really look forward to being on this journey the next few years with you and the other good people in this space. Gonna be a wild and likely profitable ride.
Thank you 🙏🏼 Great start to hopefully many more substack entries!
This SPAC boom is not bringing in as many cannabis names as I would have expected is this because the majority of companies are too small or because company owners want to stay private until they can IPO at bigger valuations. Example for me would be a company like Lowell Farms Cannabis. I'm located in Canada so I don't have much of a POV of the US market at the micro level other than what is printed.
Right now, the biggest challenge (for me anyway) is freeing up enough cash to buy pretty much anything in the sector before individual investors' edge on funds disappears.. But as you point out, that won't always be the case. Some companies will do a better job than others, some of their strategies will prove more resilient. Because I would just be guessing, I have cast a reasonably wide net, with a strong focus on the majors.
The other point you raise is the potential of 3.0, with your focus on GWPH. That company, and the stock, is showing promising signs, but it's still dependent on the vagaries of drug development and acceptance. Your point about medical schools avoiding cannabis is a good one, but it does make me a little uneasy about how quickly such developments can occur or be embraced.
agree on both sides; we're trying to stretch dollars across the US while not losing sight to the trading opps in CAD / elsewhere. the adoption / migration / understanding is still in front of us IMO but it won't be linear (I don't think). re GW guilty as charged always early but if this isn't 210 ->350 -> 500 then ... it's not ;-) but I think it will / could be and of course /position.
I'm trying to keep it relatively simple, because you're an experienced professional trader and I'm not. I'm focusing on accumulating stock in the MSO majors while starting smaller positions along the way (AYRWF, CCHWF, CXXIF, HRVSF). I feel a sense of urgency because my edge (beating the elephants) is going to disappear soon, so I'm acting more aggressively than I ordinarily would. ("Aggressive" is a relative term, of course - I don't have 90%, or even 40%, of my investment money in cannabis stocks.) I know the mindless bull run won't last forever, and the overall stock market giddiness makes me uneasy.
I have wanted to start a position in GWPH almost on principle but I'm not sure how to value it. I know you are quite optimistic but biotechs always feel like a crapshoot to me.
Sometimes (more often than not) a chart provides more info than valuation metrics. I’ve looked at a lot of charts in 35 years and the long and short term bases are about as good a setup as you’ll see. I’d prefer they’d be high level and ‘blue sky’ on the breakout (145-150 w/ volume) but nothing is perfect. Would not be shocked at a fast ride to 190ish on a clean break,but let the chart tell you what to do. In any case, best in breed. Long term, largest in my collection.
Note: A breakout that holds 145-150 not only confirms the long term Reverse H&S btm, but cancels the long term H&S top. Kinda defines inflection point. Good luck whatever you do.
not gonna do ur work for you my friend, only gonna shine a light. lotsa tickers on my twitter feed and none of them advice. but if there on there, and my name is next to them, there is a semblence of confidence, not to say that's always right. anyway, happy hunting!