MSOS Add
Bought some more MSOS ($MSOS) at $4.27 in premarket,
My sole trade this morning.
Positions: Long MSOS VL
Improving Odds of Cannabis Rescheduling
* On Polymarket…
I added again to $MSOS, $VRNO, $GTBIF and $TRLV yesterday:
Position: Long MSOS (VL), VRNO (M), GTBIF (M), TRLV (M)
Lots of Selling in The Others, While Sentiment Sinks
The number of stocks setting new lows rises on the Nasdaq, while skyrocketing on the NYSE. Investors aren’t panicked, but they are showing concern.
Things I Did Today
Here are today’s things:
* Added to $GTBIF at $7.08, $TRLV at $8.74, $VRNO at $5.72 and $MSOS at $4.39.
* Added small to $PEP at $136.32 and $PG at $148.73,
Position: Long MSOS (VL), GTBIF (S), TRLV (S), VRNO (S), PEP (S), PG (S)
Things I Did Today
Here are today’s things:
* Shorted the indices: $SPY at $752.83 and $QQQ at $722.13
* Covered my index shorts for a profit: SPY at $749.63 and QQQ at $717.82
* Shorted $GRNY at $27.86 and $JOET at $45.83
* Shorted $JPM at $338.50 and covered it at $327.31
* Reshorted $JPM at $343.78
* Shorted $MS at $230.43
* Added to $MSOS at $4.65, $MSOX at $2.73, $TRLV at $8.85 and $VRND at $6.08
Position: Long MSOS (VL), MSOX (S), TRLV (S), VRND (S); Short GRNY (M), JOET (S), JPM (S), MS (S)
MSOS, MSOX Additions
Adding to MSOS ($MSOS) $4.48 and MSOX ($MSOX) $2.61.
Long MSOX L MSOX S
Trade of Next Week: Buy MSOS $4.45
For the second time in a month MSOS ($MSOS) is my Trade of the Week.
Investors are likely misinterpreting the progress at the current hearings that l expect will lead to a rescheduling of adult recreations use of cannabis.
I have aggressively added to MSOS and the individual stocks in this period of weakness for the previous reasons mentioned in my Diary (markets are stabilizing, the fiscal debt cliff has been resolved with numerous refinancings (at favorable terms), likely resolution of tax (UTP) and custodian issues that will lead to rising institutional demand, etc..)
Positions: Long MSOS VL
Things I Did Yesterday
Here were yesterday’s things:
* New short position — Bloom Energy ($BE) at $265.39
* New option position — Bought Nvidia ($NVDA) puts
* Reshorted $SPY at $748.88 and $QQQ at $722.58
* Shorted $GRNY at $27.81
* Shorted $JOET at $45.97
* Reshorted Morgan Stanley ($MS) at $223.61
* Supersized long $MSOS at $4.46
Position: Long MSOS (VL), NVDA puts; Short SPY (VS), QQQ (VS), MS (S), GRNY (M), JOET (S), BE (S)