Tag: MRVL

* A Key Observation

“Maybe not today, maybe not tomorrow, but soon and for the rest of your life.” 

 –  Casablanca (Rick telling Ilsa why she has to board the plane)

Everyone is playing the same game on the long side (AI). 

* The Likely Memeification of Cannabis Stocks 

“I never make plans that far ahead.”

– Casablanca (Rick’s response when Ilsa asks, “Will I see you tonight?”)

The animal spirits are on overload.

Market participants are grabbing at anything AI, space, memory, semis, etc. Parabolic moves have become common place. In the extreme, Jensen Huang mentions Marvell ($MRVL) favorably and the shares rally by nearly +$70.

With the likely rescheduling of weed, likely uplistings (on major U.S. exchanges), settling of custody issues and emergence of institutional buyers (unleashing an abundance of buying power), I am increasingly of the camp that cannabis stocks could be memeified with such powerful changes ahead in the reasonably near term.

I add daily to $VRNO — my favorite on a risk/reward basis.

Position: Long MSOS (VS), TSNDF (S), GTBIF (VS), TCNNF (VS), GLASF (S), CURLF (VS) VRNO (M)