Advisorshares Pure US Cannabis ETF (MSOS)

[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

[Twothreetimes]

Only broke the low in January by 2 cents so from here is what’s in question

[Twothreetimes]

Broader stock market looks bullish if you ask me.

[Twothreetimes]

Maybe you were right. Wtf. I can admit when I’m wrong.

[Twothreetimes]

Brutal. I’m not going to cry to mommy tho. Breakdown. Lol.

[Brokemillwright]

Uh oh..... where the big boy pants?

[Brokemillwright]

New flow like bank failures and more interestrate hikes? Yep, I can agree with that. Maximum saftey mode engaged. That's a pipe dream to think this will rocket up to its ipo highs

[Twothreetimes]

Throw fundamentals out the door for now. At this time it’s all about the news flow.

[Brokemillwright]

I'm pretty much over speculating and trying to buy the dip. Majority of the market will be dipping for the next few years so I'm playing it smart and learning some charts. Im just here to say I told you so that thr bottom isn't in. Buy til your hearts content if you want, and i dont use I hub to chart

[Twothreetimes]

You’re on IHUB so you obviously watch the tape. You can see when buyers and sellers step up just as much as I can.

[Twothreetimes]

Maybe they’re dumb money but idk anyone with 1.2 million for weed stocks that’s dumb. Not only that but they’re only down 2%…

[Brokemillwright]

What happened to the big boy pants buying? Perhaps dumb money?

[Brokemillwright]

Yeah, this is normal stuff here, Nothing to see.....

The largest bank failure since the 2008 crisis has triggered a major U.S. government intervention to protect the financial system. Silicon Valley Bank, the nation's 16th largest bank, collapsed on Friday, forcing a government takeover and calling into question the fate of almost $175 billion in customer deposits.

[Twothreetimes]

Someone put their big boy pants on and made a 206 thousand share purchase at the close today. Every time this MSOS ETF hits support if finds buyers.

[Twothreetimes]

I’m not convinced we’re heading into a global recession although I’m not going to say it can’t happen. I’m leaning bullish on dips. If I have to change my stance I’ll do it with more information.

[Brokemillwright]

Don't let me sway you

[Brokemillwright]

I googled it, apparently it's to "beef" up a steak. Might try it one day but hard to be Johnny's seasoning or plain ol salt pepper garlic on either pellet smoker or charcoal webber. Maybe listen to palisades gold radio podcast, kinda a macro viewpoint. The market isn't bottomed yet and commodities are the place to be for the future. I am curious as watching the showtime series Billions they left off the last season with legalized cannabis. So my mind thought about how bitcoin might have been used early on in a few tv series and what the future could bring. Dunno, spring equinox coming g up April 14th and it'll be the top or bottom, and we're coming to a global depression. My minds made up lol

[Twothreetimes]

I wish I could “like” this post. Lol. I’m staying steady on my thesis.

[Twothreetimes]

Steak dinner.

[BJ2018]

Sounds about right. Im bidding on individual weed stocks right now

[Brokemillwright]

worcestershire on a steak....... yeah, I'll stick to my own convictions. Next leg down in the market is 2-3 weeks away. Small rally then lamb chops with fresh rosemary

[Twothreetimes]

Nope. I expect the best. I want steak smothered in worchtershire sauce. Hey, I’m saving you money if you listen to my advice. I already saved you over 5% since I suggested you cover your short position. Lol. MSOS at the top of the trading range with news flow behind the sails. Be wise. ;)

[Brokemillwright]

Lamb chops being served soon! Bottom not in! Yum yum

[Twothreetimes]

Big buyers stepping in here at support today. Check the ticker tape. I’m not selling down here even tho I’m long and under water.

[Twothreetimes]

I’m not convinced we’re not in for a soft landing yet. I’m trading market neutral. I could be swayed either way.

[BJ2018]

The sector is looking oversold. maybe one more dip

[Brokemillwright]

Perhaps because sheep get slaughtered? Think big picture and where the markets are headed.

[Twothreetimes]

In fact. Why don’t you sell your short position or defeatist mentality and go long? Join(t) the party. ;)

[Twothreetimes]

I think in the long run I’m right and you’re wrong. I’d bet a steak dinner on it! Lol

[Twothreetimes]

You cutting down trees er what? We ain’t selling lumber man. We’re selling weed.

[Brokemillwright]

timber!!!!

[BJ2018]

Like the sector but this etf has been lagging others during this recent run up. Maybe that will change

[Twothreetimes]

I really hate calling tops or bottoms on anything but if I were to “call a bottom.” On MSOS I’d say January 26th seems like a “bottom”. Again not calling a “bottom” (don’t jiz over my call) lol. but just a notable level.

Legislation from the federal government is really the catalyst here. Without any change in their stance then yes we may see more fresh new lows. I’m down. Yes. But I’m also long and still bullish. Maybe I’m wrong but I remain steadfast to my thesis.