Replies to post #1122 on Monolithic Trading (MONO)

[PotterBanker]

Thank you for the outlook MONOlogue

[bunky]

no more MPXEF and TGIFF ??? PTOTF WOW and you love ELLXF the most???

you are scaring me,,,HA

thank you


CharlieB

[pcnyc]

Do you like frlf at these levels?

[TheMonolith]

Hello all

I've been out of commission for several days, but did return yesterday to the blood bath. Was in a state of analysis of things and honestly, shock. I was not able to watch the market Friday afternoon. Had I been able to, I'd like to think I'd gone nearly all cash. Instead, I did still have about 15% of my portfolio in cannabis/cbd related stocks, and another 35% in other speculative items. Luckily, because I've voiced concern here, I was 50% cash. Still, my portfolio has taken a beating.

Things, most stocks, are pretty wrecked right now. I don't know that I can tell you much about any particular stock, as most charts are damaged.

My bull/bear market line for the broad market is still in bull mode, but we are VERY close to that inflection point. Let's hope it holds, and let's hope a major rebound in cannabis occurs before week-end. Not sure I'll have much valuable to add.

[TheMonolith]

Cannabis Outlook Update

Still playing things tight to the vest. I kept it simple and bought only ACB with a sizable position to play the current dip. I'm not convinced, but maybe need to be, that "deals" are going to go away real quickly.

Concentrating on the potential bounce here that could be fueled by short covering.

Still want to look to U.S. and CBD names more through this hopeful transition and passing of the torch from Canada. The broad market has made this more complicated, and impacts decision making more going forward than it has over the last 2 years.

Be careful out there.