reflections and thoughts on the micro & macro picturetroubled by the recent article of Tory Senators visiting Jeff Sessions in Washington. His knowledge is 1950's thinking at best. These senators are definitely overstepping their role. While the risk appears low that the bill won't pass, I personally find developments like these concerning, especially with the baseless twitter commander in chief at the helm. Given how controversial this bill is, its not clear that we are out of the woods yet on this.
tory senators visit Sessions - article Also really troubled by the massive shorting that blindsided us over the past couple days. A 20% drop out of nowhere for no reason. But actually that's not true. Its clear that it was a coordinated short attack, most probably from US. The Baron's article that came out the long weekend before became the justification. But the problem with that article is the slant on it. It was a massive short set up. If you look at international markets, over-supply is less of an issue. So there was a clear slant and manipulation at play there and then with the viscious shorting that followed--it was clearly out of our hands and took nearly everyone by surprise.
Germany has been delayed and the Nasdeq listing didn't really bring anything material to Cronos, great for short term traders and more exposure to shorts, but is that really a benefit to longs?
There's talk again of the MOU's and of course legalization, though for now it seems there are still some near term risk to chew through before any kind of convinction can get some traction.
Then there's the macro picture which with Trump in charge, whips back and forth between sense and insanity on a nearly daily basis. Not exactly optimal conditions to build conviction with.
Just my thoughts for now. GLTA