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Re: Goodbuddy4863 post# 16900

Sunday, 04/15/2018 6:50:42 PM

Sunday, April 15, 2018 6:50:42 PM

Post# of 30145
I know this was for Sleek, but I'd like to address one question you had:

"Will this latest news about Trump really get us going?"

I'd like to point out that this Cory Gardner/Trump announcement is the ONLY news that set us off on Friday.

When Sessions crashed the sector in January, we all expected something in the mean time to reassure investors that they could put money back into the sector and not be worried about a crackdown.

-The US Attorneys of the various MJ legal states telling us there will be no crack down wasn't enough.

-Congress wide bi-partisan condemnation of Sessions rescinding the Cole Memo wasn't enough.

-Congress passing a budget with MMJ protections built in wasn't enough.

-Months of ZERO crack downs wasn't enough.

-Finally, Jeff Sessions himself saying that the DOJ won't focus on MJ and doesn't have the resources to crack down on legal MJ states anyway wasn't enough.

On Friday, the instant the Cory Gardner announcement was made, we saw huge jumps across the sector. My portfolio had only one green stock with the rest flat or slightly red on low volume until the split second that announcement was made, then the day closed with everything green between 15% and 40%. That's huge. Sure we had seen some activity based on the Boehner news, but it was somewhat mild and didn't quite grip the whole sector. Finally, after over a year of impotence and zero direction, Trump states he supports the states and will support legislation limiting or ending federal involvement. This basically gives Cory Gardner the perfect excuse to craft legislation protecting ALL MJ laws, not just MMJ, and he's guaranteed to get a ton of support for it.

As it turns out, THAT was the reassurance investors wanted, and they showed so with their dollars. This coming week will show us just how confident everyone feels in MJ trading once again. In my opinion, December and January will be completely dwarfed.

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