Post by
Bullknit101 on May 21, 2022 8:13am
End of Day Spike
Question - when is the best time tonload up on Curaleaf? CAOA will be coming out soon before August so I imagine there will be reaction that that will drive MSOS higher but will probably be short lived since it won't go anywhere. I'm thinking of buying some US MSOS ETF instead because all MSOS have risks on their own. Trulieve will be paying the Harvest acquisition for the next year or too so they ruined their balance sheet. Curaleaf, although not profitable is selling wholesale and retail in NJ I believe so this will be reflected in their next earnings release.
Comment by
TheProphetElijah on May 22, 2022 5:57pm
Bottoms already in, you missed it. Triple bottom, plus massive inverted H and S pattern
Comment by
Bullknit101 on May 23, 2022 8:50am
Maybe but the broader market has one more massive flush just waiting to happen. I'll buy after that. https://youtu.be/q4TWFZe6JuM
Comment by
Bullknit101 on May 23, 2022 9:26am
https://finance.yahoo.com/news/morgan-stanley-says-too-soon-065358497.html
Comment by
TheProphetElijah on May 24, 2022 9:00am
Waiting for the massive flush is how bottoms are missed.
Comment by
TheProphetElijah on May 25, 2022 10:05am
Triple bottom on 2 year weekly chart. Then massive inverted head and shoulders pattern on weekly 5 year chart - super bullish if we can get momentum off this these patterns. Safe, 280e and whatever Schumer is doing can act as triggering catalyst.
Comment by
Bullknit101 on May 25, 2022 9:26pm
There will be no catalysts unfortunately for the foreseeable future. 280e stays, no safe and CAOA unsuccessful. All very predictable and priced in. My optimism for that stuff (although all very fair and reasonable reforms) left a while ago. It shouldn't hard but the Senate is not logical. Cutaleaf will do fine, but you gotta hold it for a long time.
Comment by
Bullknit101 on May 25, 2022 10:08pm
Follow the money. https://www.opensecrets.org/federal-lobbying/industries