Advisorshares Pure US Cannabis ETF (MSOS)

[Twothreetimes]

Don’t short a rocket ship.

[Brokemillwright]

I wasnt short before, but it's nearing a range where I'll jump in soon

[Twothreetimes]

When it drops I just don’t pay attention. Lol. I’m long term bullish so why cry when it’s going down? But I will rub it in your face when you get the squeeze…

[Brokemillwright]

Hey wrong every time, look at your message here! $12 to 4.75! I'll venture to say the bottom STILL isn't in. This is a buy the rumor sell the news pump. Funny how you don't have courage to reply while it's dropping, yet I can step up and reply lol did you get in this aroumd $25? Long ways to go and a long time to get there lol oh, by the way, you still don't get what word you spell wrong........ So I stand by my response to you earlier today ;)

[Twothreetimes]

I called bottom at 5. Not far off dingleberry. You ain’t as smart as you think. “Ain’t”

[Twothreetimes]

(At.. A… Loss…)

[Twothreetimes]

Never “called bottom” at 12 dum F. You’re mental and PO’d. Lol. I bet you covered by the way you’re acting.

[Brokemillwright]

I wouldn't be to sure of that, your spelling and calling the bottom at $12 says otherwise.

[Twothreetimes]

Where’s broken arrow now? Story heating up.

[Twothreetimes]

I ain’t stupid, dum F. I know what short selling is. That being said. I stick to my convictions on the long term story here. And yes. I will have the last laugh. Hope you didn’t get caught off guard today… ;)

[Twothreetimes]

Lol. Who got the squeeze today?

[Brokemillwright]

Once again...... The market called your bluff

[Brokemillwright]

Seeing as your replied to all the topics of my big ol message, that shows you did read all that I typed lol. Hey, I guess you don't know how shorting works. You've been bullish since $12 and down over 50%, I've been bearish since before $12, shorting means I make money if it goes down...... I thought the bottom was $5.05 yet a $4.84 has hit.....hmmmmm

[Twothreetimes]

I don’t read FUD. BRO. also. This one is a lotto ticket. For me I bought what I was comfortable losing. But I’m thinking I’ll have the last laugh on you.

[Twothreetimes]

You type too much. I’m too busy to read your dissertation for your PHD in shorting cannabis stocks. You must be stressing a little bit…..

[Twothreetimes]

High volume at low support levels. Bulls and bears at war here. If this thing holds and bounces here you’ll have 5 lows in the same area. …. BULLISH…

[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