I think it’s a big waste of real and mental capital to be buying cannabis stocks every day, while shorting pretty much everything else. Once a perma bear, always a perma bear.
stockrenter
What’s the saying? You can’t see the trees from the forest.
You lose sight of the rest of the Mkt & that prevents you from seing the many other opportunities, being so laser focused & mentally invested in 1 or 2 themes. From an institutional point of view there is no real $ commitment to the Pot names, they are all single digit names and a lot of funds can’t purchase sub $5 stubs. Also they are all Liquidity traps (aka Roach motels) you can get in but don’t have the Liquidity to get out. Any $ manager in his right mind knows that and why you never will see any real WS $ come into that sector …….If you’re in them recognize that & know what you’re playing for.
Dougie Kass
Rick:
It reflects my view that few stocks/sectors meet my standard of selection.
I am long 15 stocks and short 22 stocks in Seabreeze Partners, my hedge fund.
Moreover, I do a helluva lot of trading long and short rentals daily/ weekly – providing a menu of opportunity.
Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality.
On TheStreet Pro, Kass provides frequent market commentary and investing ideas for active investors throughout each trading day in Doug’s Daily Diary. He also serves as president of Seabreeze Partners Management Inc. Previously, he served as a senior manager at Omega Advisors, a $6 billion investment partnership. He co-authored a book with Ralph Nader and the Center for the Study of Responsive Law called “Citibank: The Ralph Nader Report” and can be found as a guest host on CNBC's "Squawk Box."
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