Hello friends.
I made a good profit from the initial announcement that weed stocks would be rescheduled because I foresaw a news event like that occuring and purchased a position in weed stocks before anything happened. Then I sold near the top, since the trade has become crowded, and now I am waiting for a good entry point again. I think that another big opportunity is coming soon, but we will have to be patient.
Here is how this works: The HHS has recommended for the DEA to reschedule cannabis from a Schedule 1 substance to a Schedule 3 substance. This would have some benefits for the weed indudstry, but most importantly, it creates euphoria for traders, who rush in to buy up the stocks.
And here is an interesting question to consider: Which weed stock are largely uneducated retail traders who have just learned about this news and want to ape into the trade late most likely to buy? Well, probably the one with the ticker: WEED. Purely because of the ticker, they will discover this stock in far greater numbers. This is an important concept to remember. To see another example of tickers being extremely important, look at the ticker AI, which was one of the best performers during the AI bubble that occured this year. We were able to predict the parabolic rise of the AI ticker, purely based on the fact that a bubble was forming combined with the fact that this ticker would likely be at the center of it, due to mass discovery from retail traders searching "AI" and seeing this ticker pop up first. We can see how this theory worked in practice, since while most stocks only rose 50-100%, WEED rose an incredible nearly 400%.
So, when will the DEA make their announcement, which will be extremely likely to send this stock rocketing along with all other cannabis-related stocks? Well, it will likely occur within 90 days of the initial recommendation, but there is no guarantee. Government agencies are incompetent, slow, and stupid. As a result, we can't expect a reliable timeline from the DEA. What we can strongly rely on though, is that they will follow the HHS recommendation and reschedule, since this is what they always seem to do.
The best strategy is to go ahead and wait this out for the next month at least, and then when the time is drawing nearer, start to average into a position on weed stocks. Over time their prices will likely continue to slowly fall, as retail idiots who bought into the peak of the weed trade eat their losses. As I have explained, my top pick is WEED, but literally anything in the cannabis industry should be expected to rally. When the news event occurs, weed stocks will likely rally sharply for a couple of days, and then the rally will be over, and they will start to fall again. We should hope to exit before they fall over, by keeping an eye on how publicized the news is so far. If everyone has already heard about it, it's over, and it's time to sell.
I made a good profit from the initial announcement that weed stocks would be rescheduled because I foresaw a news event like that occuring and purchased a position in weed stocks before anything happened. Then I sold near the top, since the trade has become crowded, and now I am waiting for a good entry point again. I think that another big opportunity is coming soon, but we will have to be patient.
Here is how this works: The HHS has recommended for the DEA to reschedule cannabis from a Schedule 1 substance to a Schedule 3 substance. This would have some benefits for the weed indudstry, but most importantly, it creates euphoria for traders, who rush in to buy up the stocks.
And here is an interesting question to consider: Which weed stock are largely uneducated retail traders who have just learned about this news and want to ape into the trade late most likely to buy? Well, probably the one with the ticker: WEED. Purely because of the ticker, they will discover this stock in far greater numbers. This is an important concept to remember. To see another example of tickers being extremely important, look at the ticker AI, which was one of the best performers during the AI bubble that occured this year. We were able to predict the parabolic rise of the AI ticker, purely based on the fact that a bubble was forming combined with the fact that this ticker would likely be at the center of it, due to mass discovery from retail traders searching "AI" and seeing this ticker pop up first. We can see how this theory worked in practice, since while most stocks only rose 50-100%, WEED rose an incredible nearly 400%.
So, when will the DEA make their announcement, which will be extremely likely to send this stock rocketing along with all other cannabis-related stocks? Well, it will likely occur within 90 days of the initial recommendation, but there is no guarantee. Government agencies are incompetent, slow, and stupid. As a result, we can't expect a reliable timeline from the DEA. What we can strongly rely on though, is that they will follow the HHS recommendation and reschedule, since this is what they always seem to do.
The best strategy is to go ahead and wait this out for the next month at least, and then when the time is drawing nearer, start to average into a position on weed stocks. Over time their prices will likely continue to slowly fall, as retail idiots who bought into the peak of the weed trade eat their losses. As I have explained, my top pick is WEED, but literally anything in the cannabis industry should be expected to rally. When the news event occurs, weed stocks will likely rally sharply for a couple of days, and then the rally will be over, and they will start to fall again. We should hope to exit before they fall over, by keeping an eye on how publicized the news is so far. If everyone has already heard about it, it's over, and it's time to sell.
Comment:
I have put on a small starter position. This is a pretty risky trade for now.