Buying Back Into Weed
This morning I bought back $MSOS at $4.36.
I correctly wrote recently (after the president’s rescheduling update) that retail didn’t likely have the firepower to sustain a rally in cannabis.
This turned out prescient as MSOS is -20% from just 10 days ago.
Nonetheless, we are moving rapidly towards a broader rescheduling and, after all, everything has a price.
I am also adding to $VRNO, $GTIBF, $GLASF and $TSNDF.
Position: Long MSOS (S), GITB (VS), TSNDF (VS) GLASF (S), VRNO (VS)