Not at the moment, the only play I have in weed now is short 5K ACB with a 6.72 average. That, without Jeff Sessions being out would have already been a cover and I think that is where all the weed pumping is coming from lately.
I did go long on TGODF and CNAB twice for rather large positions this summer about 70K in each although I traded out 10K per leg in each as they rose. My last in TGODF was right about 3.40's I think, then it had the slide into low 2's, I didn't add at all and a few days ago I sold pretty much flat, just don't trust weed anymore.
I think they were over-hyped, I figured they would drop to normal levels after the Canada weed bill was in I shorted CGC 58 to 33 and honestly think after this last Sessions pump will revisit 33 and before march maybe 23.
not that I don't think they are good, its's just my feelings are the same as with NIO, when reality set's in and much time passes with not a lot getting done that means anything to the money coming in they will settle, you telling me about the accumulation/covering? in NIO has me thinking, maybe an adjustment might need to be made in my hopes of low 4's with 3 dip.
But the weed it's the same thing the multiples do not and can not in the near term, and I mean in a year or two, will never come together. I also believe that its smoking not edibles or drink that will mean anything to weed in the near or long term. It's just a hype a fad play, and I do not see anyone that's anyone taking it seriously or throwing any money behind it.
Its definitely on my radar, CGC mainly when it settle in I will try and do as I plan with NIO collecting a pile as low as I can selling half at double or triple and putting the rest away forever.
Learn NIO, play with some of your holding there, I would, before I tried to jump on any weed stocks or anything else. You have the opportunity to know NIO like the back of your hand, and that I have learned from the past makes one a lot of money going forward. Holding your set position but playing half along the way, why not, once you learn it and how it acts.
Thats why I play TSLA everyday, it's been a little tricky as of late, trading differently, but I still know it very weell and make good on the short side.
You can learn the NIO from the long side, doesn't mean your not faithful to it, and you will not change the trading of it playing with half your sack, many many many do, so as to build the long position.
Ok, I rambled enough, LOL, sorry all.
peace out.
AI
