starsearcher40 wrote: Falcon, when I read your first paragraph below, yes, THAT provides food for thought. But that's NOT what you said in your post. You said the following:
"I think the rotation back to Canopy won't be until OGI & FIRE go on the decline." These are two vastly different things. The longer paragraph provides context and understanding to what you're thinking. Doesn't matter if I agree. Doesn't matter if I disagree. But what it does do is provide valued food for thought.
But in your original post, you seem to suggest that OGI and FIRE (which just happen to be the stocks you've owned and touted for over a month now) are somehow going to control any rotation back into Canopy. Seriously? They're going to control Canopy? That's just a sad joke. Read it for what it was Falcon. There was NO discussion about mid-tier. There was no thesis. Just vapourous/vacuous promotion. It was what it was. And if what you meant to say was something totally different as you now suggest, well, then say that. Backpeddling now to cover yourself, while it does provide something to actually think about, does not cover the intent of the original post. Again, it was what it was.
On the subject of mid-tiers, they've certainly had a nice run. Over-extended? I would say so, and then some. I think this is courtesy of a progressive short squeeze on acb and aph, which is sucking forward a lot of other names that don't really deserve the run. It's a very dangerous scenario imho. (For the record, Acb I have no respect for. Aph is fine, but a squeeze is a squeeze all the same, so you have to be careful.) Compounding the problem, is a lot of these stocks are not really investment grade, and are really just traders playgrounds right now. It's like a party back in highschool. Lots of fun, until the lights go on and you realize how ugly everyone looks.
Fast money here will make the money and be gone. Shorts will have a frigging field day. True longs will round-trip the stocks, and newbies will get fleeced buying in at unsustanable highs. But such is the market. This is nothing new, and history will again repeat itself for the millionth time over.
For myself, the entire mid-tier has now become untouchable, unless I choose to short which is looking very interesting at the moment. As for the long position, Canopy right now is the only viable/safe/strong alternative that I see.
FalconM wrote: The whole point of my post was to remind people of my MJ sector strategy, which I've devised in accordance to an actual thesis based on previous trading behavior. That is to say, we've seen plenty of divergence in this sector, but we should note the tendency for the MJ stocks to converge in terms of % gains. Noting the lack of gains in WEED and the increasing % gains for medium caps like OGI, FIRE, and APH (being on the top-tier of what we can call medium caps now), I think that my thesis is getting substantiated. Hence, we could expect a higher pull on medium caps, stagnation for the larger caps, then probably a downturn and consolidation to level the playing field. This is a process that could take MONTHS. But regardless of how long it takes, I think it is worth planning my investment strategy around.
But the reason for my second post, which in sum was telling SS40 to STFU, is because he doesn't like when I offer competing strategies. Same sh1t happened last year. And so what, am I wrong for calling him out for his legitimate board policing? Nope. Its not like my post title is f*cking "$$$$$ OGI IS GOING UP BUY BUY BUY BUY OGI OGI OGI$$$$$$
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