Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Good wetsuit you won’t feel a thing :)
LCK
It’s a macro chart a couple guys have been following. It has to do with the chart of the late 20s leading into the Great Depression. It’s scary how much they look alike and are playing out. I don’t have it handy to attach to this post but you could find it easily. All plays into great run ups with full fib extensions, massive liquidity in the markets and then a series of events that starts a decline into the reset of the whole cycle. We are at the top and the unwinding is starting as I can see. Especially with geo political events, it’s a perfect storm…Not saying it will happen but I’m not afraid to look at the bearish scenario as I am the hopium of the bullish. I sleep better at night, surfing helps too :)
I’m not a conspiracy guy or doomsdayer, just like looking at similarities in charts and nature. Thats all this is in a nutshell. The cycles of life and nature playing out….
Have fun, cautious but enjoy the ride
LCK
All good homie, I have done a couple laps around the OTC block so I’m familiar with the shenanigans …lol
LCK
Uh, ya think!!! I have been ranting about the macro since the summer, death crosses, full fib extension reached, QT on its way (at least that’s the narrative)
I’m looking for a last melt up phase before a big draw down, it’s some chart stuff I see and read by folks much smarter than me. My focus has been much tighter restraint on “the cheapies” and not hoping for the “moon shot”
The run from 2020 is behind us I think….then again I’m just a surfer dude, not a financial advisor.
All the best Jim
LCK
Dude!!! Morocco !!!! Get some waves
LCK
I agree …i turn stops on/off on how its trading.
JUSHF are off but a close below 3 would be the floor for me
LCK
Nice close, staying strong above 3
LCK
Are you putting stop loss triggers in??
All my opinion….25 bps hike next week is priced in, if they decide to come in aggressive with 50bps we will see alot more down side. Cannabis stocks on the OTC are very risk on assets so i would not be surprised. Cautious is the name of the game now for me, no matter how cheap this is still in a downtrend with a terrible looking chart.
Not financial advice, just a discussion. Im just a dude who likes surfing, charts and macro economics….what do I know?
LCK
Ehhh not so sure, lots of trading in this area on low volume. The 2 buy side candles were weak…Could be but Im putting a tight stop loss on my grip
Good luck
LCK
I got some at 3.02 also, loves to bounce off here. We will see
LCK
How did you go bankrupt? First gradually…then all at once ~E. Hemingway
LCK
Remember folks this board is for entertainment, not financial advice…
HoldHigh Monday, 12/27/21 06:30:35 PM
Re: Suprfreek post# 13955 0
Post # of 14519
Money stacking up. We're going to be in the $30's next month.
Hey 19!
LCK loves HEIKIN ASHI
I agree 100% and have acted accordingly. Nothing goes straight down so we get some bounces, retrace and such. Nothing looks cheap to me until the trend changes, I don’t know why these things happen either but they do….I spotted the bull trap a mile away, especially here on the OTC with thin volume
Thanks for the intelligent posts, keep ‘em coming
LCK
I assume you have a long time frame from your posts? All though it is confusing because you reference the MACD on the daily chart last week.
I like the Heikin Ashi candles but on a weekly chart, it quiets the noise of the chart and easier to spot trend changes.
I will never post buy/sell signals as Im not a financial advisor. Im a surfer dude who likes charts.
Take a peek, see what you come up with?
LCK
Things are much better absorbed when we take the deep dive ourselves. Anything that helped me in life was "experiential" not from others have told me. I needed to apply it myself....let me know how you make out :)
LCK
Heikin Ashi
LCK
Need to retest the 50 as support then I will give you a high five, until that imo its all just noise
LCK
It would be a nice pick up for them, like I said….rumor i read on the Yahoo board. We will see…they looked stacked with cash at this point
LCK
Oh wow Jim, thats a change of direction for you. Curious what changed your out look….
Thats a great swing trade dude, really man…good for you!
LCK
I definitely cant argue with you on that, Trulieve is a great company. The stock on the OTC is another story for me ….
LCK
TCNNF banging up against the 50dma …again….rejected 13 times before, is the 14th a charm?
LCK
Just read “a rumor” that Jushi is going after RWB? Anyone else hear rumblings….?
LCK
2 words…
Heikin-Ashi
Or is that 1 word?
LCK
I’m almost afraid to say it….but, the Jushi chart is repairing itself. Nice week over here, stoked….
LCK
Nice close for the week, did you swing trade those 18s?/
LCK
2 green candles isn’t an uptrend. 10-20x?? ….so you are saying TCNNF is going to 400$ a share, huh….why not get over the 200dma at 30$ first
LCK
Yes, i got that saying from a Bitcoin tech analysis guy….so funny!
Folks just post what they want with nothing to back it up, its silly ….I always say the charts and data could careless about our opinions.
Anyhow, cannabis sector catching some bids again this morning. My Goodness Growth bags got bought out by Verano so im happy about that :)
LCK
…from the guy who said he was buying cheapies at 40….Not unfortunate, I would rather buy an uptrend then a down trend. Better to pick tops than bottoms imo.
Picking bottoms gives you stinky fingers
LCK
Hey there, referring to "large long" Im talking of a larger percentage of money that would be allocated for a few years . The definition of large/percentage Im assuming would be different for everyone within their risk tolerance.
As far as time frame, I actually took a longer time frame with Trulieve (because I do believe in the company) once the uptrend started thinking momentum would keep going into reform and uplisting on the big boards. When it didn't happen and there was a downtrend I did not hesitate to risk off. If it was on the bigger boards I might have had a different approach. I did hold some shares for a year.
Hope that answers the question :)
LCK
Finally a voice of reason, keep up the great work.
LCK
Bulls and Bears, thats all Jim!! Its all good….You have read my posts over the past 6 months as I posted i took a “risk off” . Its funny, i actual thought everything was sold and i saw I had a wopping 17 shares from the Harvest conversion so Im not at all un happy with my investment. I have realized gains at 50$.
I have been bearish on the stock for months since support levels fell and no cannabis reform, i like engaging conversations. It helps me learn and see some blind spots in my perspective. I just have challenged the “cheapie crowd” thats all. Believe me i think the company is awesome, i have one rule I stick by though. No large long positions on the OTC. Period. The volume is to small and I do believe the chart is very much in play on this exchange and have gotten burned before.
That being said, i think my call for “the teens” came to be true. I can chill out a bit…
I will be bullish once the chart re claims support, start an uptrend etc as Trulieves number are hands down the best in the biz. Im not very optimistic on the overall market though at this point.
All the best and always appreciate your input because you back it up with data :)
LCK
You keep moving the targets, even a broken clock is right twice a day. You told the board “40s by next week” like months ago. 18 is a long way from 53
Good luck
LCK
This week will be known on the Street as the Big Fakeout
Haha! I will take a bow now…..
LCK
I totally thought the same thing!
LCK
No, I’m not a buyer. Should get a nice dead cat bounce if your trading it
LCK
Is that an 18 print! Whoaaaaaa
LCK
May I take a bow???
Hey 19….
LCK
Haha, that rant made me laugh. You got a tad worked up Jim!!
I have been trying to have a conversation about the macro environment for the past 6 months, thanks for being the one engaging with me. I personally/my opinion think we are in a large corrective phase so your comment of 20/30% drawdown in the market is very real the way I see it. The reason I have taken a risk off approach and will continue. Do we see another blast/one last hoorah before the real shit show? I have no idea...
So about the "8". A few like to call this the next Amazon or Apple. I get it, they are excited ( even those never traded on the OTC) So if it is the Amazon of the space, then the history of Amazon shows large drawdowns. I believe the dot com era had a 91% correction from its high ( correct me if I'm wrong) so if TCNNF was to have a 90% correction from the high....well the math is easy...
Not saying it will happen, I have no idea but where I never thought some things were possible, the past 2 years have showed me anything goes at this point
Stay well
LCK
I will pick 8, i like that number
LCK