Advisorshares Pure US Cannabis ETF (MSOS)

[nelson1234]

I agree that things can always get worse, even down here.

Nevertheless, here are my thoughts on MSOS, and why I think overall its a good risk reward at $5.35.

The negatives are the individual companies and thus MSOS have poor balance sheets, lose money or don't make much. AND, the etf trades for now ... based mostly on regulatory/legislative news in the sector. There's some bipartisan support, but also some big names against it. They can't quite get the bills out of committee. The positives are the sector has been flushed out. MSOS is down 90% from its highs ... I mean they were obviously unwarranted, but highs nonetheless.

Positives..... where else can you find a sector down 90% which has these attributes, 'The Marijuana Market grew to USD 16.1B in 2022 and is expected to exhibit a CAGR of 26.2% from 2023 to 2030.' And the 'Global Legal Marijuana Market Size to Surpass $103.8B by 2030.' I think its a good risk reward. Of course it can go lower.. the toilet flushing may continue, and a market dip won't help. But again, I think around here is a good place to start. Now some people prefer company specific plays and I like some.... GTBIF TSNDF and others. But I personally am only taking and trading small to teeny positions in those b/c its just a hard space, for me anyways, to model going forward on company specific basis. And its a sector bet for me really. best.

[Brokemillwright]

Lol. Things can always get worse. Here's an idea, a penny stock is considered a stock that trades under $5. The lows been $5.05, it breaches that for long and if any big funds are holding they will be forced to liquidate as typically they don't hold penny stocks. I'm bearish on pretty much everything, even my beloved prescious metals as so much is traded in paper, when the last straw breaks and market dumps, metals will too, briefly, much like the GFC and COVID crash. I could care less about this entire sector I just find it amusing people always calling the bottom just cause they own it. Seriously, give up on reading fud and fomo posts and look into charting. I'm holding some energy stocks that both pay 20% dividends and I'm up near 30% since buying. Not massive amount of $$ in them as I'm learning and practicing risk management and learning charting. You could make a killing speculating or lose what you put in like normally happens.

[Twothreetimes]

It can’t get much worse than this

[Twothreetimes]

Dude. It’s time to go long MSOS. how are you bearish here?

[Brokemillwright]

Might be a good time to sell. Ever hear of a bear market rally? Double top? Last high was lower than previous high, again new to charting but there is only uncertainty here and that's not long term bullish lol. 3rd times a charm??

[Twothreetimes]

Ruh rooh. ;). Still long..

[Brokemillwright]

Lol gimme a break. After a 22% drop you impressed by low volume buying. Days range was .05 away from 52 week low and you think that's a strong sign lol?

[Twothreetimes]

Support. Holds. ;)

[Brokemillwright]

Ruh roooo

[BottomBounce]

Hemp cannabis and Industrial Hemp Act 2023 https://www.globenewswire.com/en/news-release/2023/04/18/2649352/0/en/UPDATE-Hemp-Inc-Reports-Industrial-Hemp-Act-2023.html $MSOS

[JohnCM]

[JohnCM]

I called the market bottom on May 20th.

[JohnCM]

I know you've been wrong since calling the bottom at $12.

Yes, I am long. Basket of 10 stocks.

[Brokemillwright]

I know you've been wrong since calling the bottom at $12. Still long? That $5.50 price sure doesn't measure up. Perhaps a new strategy is in order?

[JohnCM]

Flat for a month.

[JohnCM]

A month ago the MJ sector started trading sideways. A big improvement. With the exception of 2 names. CGC and TLRY.

[Twothreetimes]

I’m going to be right. You know it as well as I do. Still long.

[Brokemillwright]

Good odds, like a broken clock being right twice in 24 hours eh?

[JohnCM]

bet-youve-heard-this-one-beforenow-is-the-time-to-invest-in-cannabis

[Twothreetimes]

I don’t give two fu(Ks. Some day I’ll be right. To hell with these half wit nincompoops

[Twothreetimes]

Why?

[Twothreetimes]

Maybe he likes retardations

[JohnCM]

Keep an eye on falling Canopy.

[greenwillow]

I'd take it, but im planning for better dip buying opportunities later this summer.

[JohnCM]

Higher or sideways is OK.

[JohnCM]

American Index

[JohnCM]

True that.

The quality play would be to stick with MSOS, OGI, Trulieve, and Green Thumb.

Would need MJ to hold $3.00 for starters.

[greenwillow]

Bullish into the summer doldrums?

Higher Cannabis prices from now thru aug is a low probability outcome.

Cannabis is due for a good summer, but still a low probability event.

Liquidity is absent most summers too.

Cheap can always get cheaper, especially in cannaland.

-20% to -50% doable by the end of Aug, especially if congress fails on any action to move cannabis forward federally.

GL
Cheers John!

[JohnCM]

Outperforming MJ.

[JohnCM]

[JohnCM]

Super important week.

MJ $3.07

I expect MJ to hold $3.00 and produce a confirmed reversal within the next 21 days.

[Brokemillwright]

Dude, I could care less about your life, reccomendations or really anything you have to say. You've earned a ignore list. Buy up msos and your second bottom is in call, who knows maybe 3rd times a charm

[JohnCM]

MJ Fell To 52 Week Low 2 Months Ago. Dollar Cost Average In Now?

Cannabis Outlook

[JohnCM]

Benzinga Cannabis May 26, 2023

MJ earnings

[JohnCM]

Keep an eye on this Cannabis inverse EFT, HMJI
BetaPro Marijuana Companies Inverse ETF
23.77
0.94 (4.12%) (TLRY effect)
Volume: 100
Day Range: 23.02 - 23.02

If I am right, it will begin to trade sideways or down.

[JohnCM]

Since I started buying the previous Monday, my positions are -0.046. My guess is that without the influence of TILRAY, my positions would be sitting at even after 2 weeks. Even with the addition of CGC. I am crossing my fingers for a green DOW and positions on Tuesday.

[Brokemillwright]

Cool story? I guess those "simple bashers" have had a better call then the bottom is in guys eh?

[Brokemillwright]

You also said that in the $20 range before you changed the chart you had loaded. We should be finding our this next week or 3 as the major indexes start crashing. Better to buy here than at $20 but also better to buy at $2 than $5. I'm in no rush, just like busting chops when people say the bottom is in and they have no clue

[JohnCM]

Acting like a bottom is in.

[JohnCM]

$5.60 holding.

[Brokemillwright]

Share price says otherwise lol

[Twothreetimes]

Still wearing them

[Brokemillwright31]

Where are those big boy pants? What happend to that theory? 3 days in a row, and 3 new 52 week lows!!!

[Brokemillwright31]

Another 52 week low hit today!!

[Brokemillwright31]

Oh dang, another 52 week low! Glad I opted out of catching this falling knife

[Twothreetimes]

As much as I hate to admit it. I think you’re right.

[Twothreetimes]

Changing my opinion. Looking BEARISH.

[Brokemillwright]

Hows that bullish outlook longterm from $12 down? Don't forget to look right infront of your and see the entire picture. It can bite you in the rump as you've might have leaned since posting this

[Twothreetimes]

I you’re incorrect. I called bottom 1 time. 1 time. Let that sink into your sludge of a brain. ONE TIME. LOL.

[Brokemillwright]

Words of Dom- it doesn't matter if you win by an inch or a mile. Winnings winning. You've said bottoms been in twice now starting at $11-12

Clearly the bottom isn't in. Fact