I feel compelled to make clear my observations and projections.
#1. My main focus is on the stock price action. I am aware of company financials, viability, executive team, etc., but my main focus is the direction of the stock price movement.
#2. I have fun with my investments as well as take an interest in making money on my investment. I enjoy making price projections, "bottom calls", etc. All of these are "in my opinion", of course. I am not a licensed investment manager.
#3. I stepped away from the Cannabis sector for over a year. When I stepped back in, I observed what was a possible "bottom" in the Cannabis sector. Stocks were terribly beaten up and washed up. Recently I believe that with Tilray and Canopy finding support, this will also mark a psychological bottom.
#4. I hold small positions in approximately 10 names including the ETF MSOS. I called the sector bottom on May 20th, 2023. Since then my positions have traded sideways with the exception of the 2 names previously mentioned. Tilray has found support and Canopy will also within a few days if not sooner.
#5. I hope that you all are enjoying this market activity and your participation with IHUB as much as I am.
#6. Again, this is "in my opinion" only and partially for entertainment purposes.