iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
22,418 Blog Posts

CANNABIS STOCKS ARE RALLYING NOW — THE END IS NEAR

After the bell this news broke:

New Jersey Pot Board Approves First Group of Licenses for Recreational Use

For fucks sake, they have a ‘pot board.’

New Jersey’s cannabis board took its first formal action on recreational marijuana applications, approving 68 conditional licenses to cultivate, manufacture or run a testing lab

I went long a fuckload of cannabis stocks into the close after seeing them pop the fuck up on my Alpha screens. I enjoyed +400bps in gains in the after-hours session and now sport and also STAND BEFORE YOU +30% YTD

LOOK AT THE PAGEANTRY

We are close to the end of the rally. This past week has bore immense interest in Chinese Burritos, Small Biotech Hand grenades, and now pot stocks.

Expect a reversion to the mean sharply lower next week.

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One comment

  1. roguewave

    Exxon Mobile has entered into an agreement with Crusoe Energy to eliminate some of their flare in the Bakken by converting their gas to electricity to mine bitcoin instead of setting it on fire

    A Freedom of Information Act (FOIA) request by TheBlaze shows Health and Human Services spent $1 billion for a media campaign to build public confidence in, and uptake of, COVID-19 vaccines using mainstream news outlets

    Using more than 30,000 grants, Gates has contributed at least $319 million to the media, which senior staff writer for MintPress News Alan McLeod revealed.13

    Recipients included CNN, NPR, BBC, The Atlantic and PBS. Gates has also sponsored foreign organizations that included The Daily Telegraph, the Financial Times, and Al Jazeera. More than $38 million has also been funneled into investigative journalism centers
    FDA wanted 75 years to release safety documentation Odd, no?

    @AriDavidPaul
    If you pride yourself on your intellect, or wealth, or athletic prowess, a setback is devastating. If you pride yourself on grit/flexibility/empathy, a failure is naturally an opportunity.

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