Origin House (fka ORHOF)

[CornellEngineer]

Ready for the next run?

Not really...LOL. We got totally fed up with all these pot stocks and flushed 'em all yesterday. Closed out all 3 open positions and went to all cash. I'm not convinced we are due for a big run just yet and we needed a reset and a little rest. This DeFrancesco debacle and the entire Aphria affair got me pretty sour on almost the whole sector right now. You know from our earliest exchanges that I was pretty much a pot pessimist from the get-go and I might be even more so right now.

Don't get me wrong...I still like Origin House a lot. It still is one of if not my favorite MJ companies of the entire sordid lot. But we just had to get away from it for a while until the sector stabilizes a little. I need to see at least a little sideways trading action for a spell until we have some clearly defined upper and lower trading ranges that I can swing trade profitably rather than just throwing darts and praying that we don't lose all our profits to date. I don't think we've necessarily hit a bottom yet and the broader markets are looking real scary right now. If they tank I don't think we're gonna see the pot sector zoom while the DJIA & S&P & NASDAQ are plummeting. If/when Origin House shows me a clearly bullish uptrend or at least a well-defined range that I can successfully trade we will jump back in but until then we are through with these pure pot stocks that aren't making any real money for the time being.

OH's recent acquisition that cost another $7 million probably means the next quarter will show another loss as well. While I personally think this is very probably a good move that will pay off in the long run the market will likely punish them when the time comes like it just did for OH and many of the other MJ stocks after their recent last earnings reports and they all ended up getting hammered despite rapidly increasing revenue.

I think we're gonna try a CBD play and open a position with Charlotte's Web tomorrow and see what happens with that. They have been on my radar screen for a long time now and it appears to be a much better-behaved stock with a fairly well-defined trading range. Plus they are actually already profitable and are making money...gasp, imagine that...real profits!

Hey, speaking of CBD oil how is the stuff you started taking recently working? Is it helping with whatever you are taking it for or not? Is it a specific brand made by a specific company or is it just a generic oil? Was curious if it was the stuff made by Charlotte's Web or not...

https://finance.yahoo.com/news/why-farm-bill-could-2019-183841407.html

Anyway, since we are currently out of Origin House I hope you guys don't take off without us. Either wait until we get back in or better yet why don't you bounce back and forth between $5 and $8 several times so I know where to start buying and selling?