Charlotte's Web Holdings Inc (CWBHF)

[CornellEngineer]

Not looking too good here, John. I think I've made it abundantly clear by now what I think lies ahead for the broader markets and if they do what I think they're gonna I can't see how it could possibly be a good 2019 for the pot sector.

I spent much of the weekend changing gears and working up some options strategies to protect my Dad's account from a market plunge and maybe even profit handsomely from it. He just mailed in his application form today for approval to buy and sell options in his IRA account and hopefully Schwab will rubber stamp his app in time so that I can get him set up before the looming crash.

As of this moment the DJIA is hovering around 23640 or so...less than 300 points above the supercritical support level of 23350 or thereabouts. That has got to hold...or else. The TA chart I worked up last week now shows us right on the lower trendline that I drew...hopefully that holds and the market goes back up one more time around the holidays before the bottom falls out so I'll have a chance to dump some of his funds and stocks and sell some covered calls on others and buy some protective and speculative puts. Not sure if I will get the chance but keeping my fingers crossed that it isn't already too late.

Confucius say: "If person can't make money in pots then make it in puts."

Best of luck, amigo...methinks anybody who is long in damn near anything is gonna need it soon. Looking to me like mid to late January if we can hold here and even sooner if we can't.