Cannabis Stocks Bottom?
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Surprised to see no talk about CGC volumeβ¦ highest volume day since Feb top and almost the same volume as well. Overlooked? Or you donβt find it significant?
great video !!!
Thanks Dan, absolute best commentary on US MSOs. That a new bill is coming from the GOP side will probably go nowhere short term except it should help breakdown resistance. That it was released late Friday afternoon and subsequent mini melt up in US MSOs also served to demonstrate that we are sitting on a powder keg imho.
I also think the biggest catalyst will come not from Safe Banking but de-scheduling (de-criminalized at the Fed level) and subsequent listings on the large US exchanges.
Was hoping youd put a video out after seeing that last 45 minutes of trading on friday. Greatly appreciate the incite as usual, thanks danβ¦any chance the news was just a rumour or has it been confirmed? That source seemed odd
Thanks Dan.
Given the gap up this morning on most US cannabis stocks, and being a new trader – and particularly following the cannabis industry, Iβd love to see even a brief follow up to this video!
π
So talking about psychedelics made me think- it would be impossible to listen to you while tripping to have a bad trip. Your outlook is so safe and positive and nice. Hah
Thanks Dan. Probably a good time to buy both pot and silver with a long term hold. Rotation will likely happen next year to laggards while others like crypto and tech may pull back or go sideways. I also like energy as greens played the cards wrong trying to monopolize energy. Oil uranium rare earths etc have plenty of ceiling for a few years
Thanks for this one Dan. Do you have any interested in NUMI as a laggard?
The answer is no
Are you typically entering these trades by buying shares outright, or through options?
If youβre using options, how many DTE are you typically using when you enter a trade? What is your exit strategy once youβve bought into a position?
Nailed it !
Love it but I was hoping for episode 2 of mental health with dan on the farm. T.T
Another great video ! Thanks for the content.
thank you. very happy to see this possible trend reversal coming
Ok
In the psyc space CYBN is lagging good company with news on next week
are you going to do a black Friday sale on memberships this year?
Thank u for the update!!
Thank you. That was a very clear video. Reducing the amount of switching between timeframes makes it easier to follow.
Thanks for your continued coverage of these sectors Dan. Your analysis is so valuable.
Thank you Dan for all videos over the years. They have helped me understand a lot and I also enjoy watching them. This is probably the first comment/review I am doing on Google. I would like to ask you or anyone else, what you think of the weekly RSI hitting near 30, 31,29 on Thursday on msos, cura, gtii and then seeing the bounce. I was not aware of the news late Friday but I attributed bounce to RSI hitting 30 last time was covid dump. Would we have had a big bounce still in the absence of the news? Would that be a good point to start loading up. I only have weekly daily RSI info. Thanks you
AMC squeeze is in November! ππ₯πΏ
Unfortunately FED involvement will add new taxes to the already heavy state taxes at dispensaries in CA. (21%) plus recent studies show 80% of CA pot sales are blackmarket where the price is half of the dispo’s. This bill may help the stocks short term but may also erode earnings as legit product sales may suffer. Also notice this new ETF for psychedelics PSIL.
Thanks Dan! I’m in FLGC and looking at SNDL
A long video but a good one. It’s good to see interest coming back in weed stocks again.. And appreciate your views as always.
sweet vid!!
hexo destroyed
About time Dan, finally you jump off the stupid cad mj names, you didnt want to trade us mj because there on otc, but now you have NO CHOICE! π
Good stuff thank you for the financial advice.
I love these deep dives, especially into "new" sectors like cannabis and psychedelics. Feels like there’s more room for the new traders in these markets
Loved this oneβ¦.Thanks Dan..ππ»
May it be a signal of crypto run over, shifting towards cannabis & psychedelics?
As always, very thankful for your work!!
34min long, Dan goin Joe Rogan on us
Thanks
Dan- you have a great ability to analyze the minds of traders. Any thought on MJ tax loss selling as we approach EOY? I’ve been slowly building positions the past couple weeks but still mostly cash as I think this is the perfect scenario for people selling their 2021 MJ losers to offset big gains elsewhere. Looking at the Q4 2018 charts, my hunch is that even a short rally in Nov ends with major tax loss selling in Dec followed by a rally in Q1 2022, much like Q1 2019.
can anyone tell me how dan applies a dollar amount when talking about the volume indicator?
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Learning loads from you thanks
Thx man
14:00 Im so old i remember ww2 , but that was 40 years ago – joe jackson
Thanks Dan
The hardest part of your videos, like you had said one time, is getting around and learning the language. Before I couldn’t watch these vids at all and would just glaze over. Once I got used to the terminology now I don’t even need to look at the screen and I know what you are saying and can see the chart in my head just by the language you use.
This is easily the best trading channel out there.
Could be the bottom news came in clutch canada mj is in shape i would prefer gtbif or similar American names
Very insightful as always, thanks Dan
As someone who bought an MSOS call @ $30 in mid September….please keep going up……I have until mid march….get back in the money…..damnit. haha