Very well written, as always, but could one also say that there might be wealthier individuals who aren't willing to "gamble" based on pre-election polls who are sitting on the sidelines to see just how many states pass before moving into the sector?
In addition, these individuals might be looking for longer term "investments"and take a much larger capital position than the average swing/day trader. I know a few investors who are waiting post election before taking positions in the sector. Not the smartest move in my opinion, But they are looking for long ten plays with decent size investments (50k plus).
Thoughts on my theory?
P.s. I think the salamis are gonna rock and roll short term, just curious if there is an exit strategy or long term play.