Cannabis Investment Club

[CornellEngineer]

Yep, I tried to warn you this could and probably would happen on the Aphria board last week. I was hoping we would have one more up & down cycle before the roof caved in but also said at the time that she could snap before then and that there was no guarantee that we would make it back to the upper trendline for one last go at it before the next low broke through that support level I've been talking about since I started posting here 2 months ago.

Got my Pop set up with some puts & calls on his biggest individual stock holding this morning so we are fully protected on that one and will probably do the same on his second biggest one on Monday. If the market goes down enough he will even make a decent chunk of change now.

Turns out we already had Level 0 approval from Schwab that allows you to buy puts on stocks you already own but we need Level 1 approval to buy speculative puts on stocks he doesn't. Hope they approve his application before the DJIA is below 20000...LOL.

Pretty sure this is gonna be very bad, J. I'm looking for a much bigger drop from here. But it will be very good if I can get those other puts in place in time. Hurry the hell up, Charlie! Time is money!