Cannabis Investment Club

[CornellEngineer]

I'm still hoping for a market reversal and a year-end rally hopefully back over 25000 but that might be optimistic. That would allow us to get the best price when we sell covered calls and pay less for protective and speculative puts so would maximize the risk to reward.

But at the moment we are teetering on the edge of the abyss...could go either way IMO. If it does go back up I think the next down cycle is very likely all she wrote...game over for the longest bull market in history may he rest in peace.

I've been studying recent past crashes to get an idea what I can reasonably expect might happen to help me decide which puts I might wanna buy. Many people seem to forget just how bad it can get and just don't believe it will ever happen again...even though it does again and again. Those people just haven't studied past market history.

If I'm wrong we'll lose a few bucks but if I'm right we'll make more money in a nice bearish downturn than we ever would with these chickenchit swing trades I've been doing with the pot stocks. We're still up since we started in early September but that sure has come down a lot in the last several weeks. If people start losing their shirts on their blue chips and high techs they'll probably pull any speculative money they have in the MJ sector out.

I'm sure a few pot stocks can still sail against such a headwind as we'll likely be facing in 2019 but I doubt I'm nearly as good at picking which ones as you are. Best of luck, amigo.