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Re: Lostcoastkid post# 721

Friday, 02/02/2024 9:13:42 AM

Friday, February 02, 2024 9:13:42 AM

Post# of 743
Look at the BBs on the monthly for your 3 tickets in this sector. The spring is just winding up. I’m not going anywhere now.

I took some June contracts on the ETF several weeks ago and may add more for Sep. Just waiting for a good entry on that.

There’s a ~10:1 correlation here with that other ticket and still moving together so not seeing much difference between one over the other which is what you would expect from a sector driven move. There’s just not enough volume here to smooth things out so things are a bit more challenging because it looks so erratic. That said, there was an analyst perspective not too long ago that JUSHI would be one the tickets that would benefit most from S3 (part of the reason why I re-entered here). The other one has FL+S3 going for it. So slightly different catalysts here.

I wouldn’t be surprised to see the EMAs ‘catch up’ a bit here. The sector confirmation yesterday in the daily was good to see. Need some follow up to confirm now. Weekly prints today.

GL