$120.5m follower assets
$MSOS +20% in 2 days after >50% decline
sentiment turning quickly from tax-loss harvesting to chasing upside exposure w/ news: Republican-Led Bill To Legalize And Tax Marijuana Emerges As Alternative To Democratic Measures
highest volume day ever for $MSOS today with 3.22 million shares traded vs an average of 1.08 million (NYSE listed US MSOs ETF)
+10% today after +10% on friday
high growth, low valuations, and an abundance of regulatory risks
per Todd, my fav Twitter follow for US MSOs color, cust bought 2k 20jan23 $60 calls, paid 2.80 (10,800 of open interest)
lots of room to run, but will stay volatile with likely pullbacks along the way..
manage your risk.
*Note: I had issues w/ originally attaching images due to bad airplane WIFI, so edited the memo to add
This is very interesting because it seems for the longest the hype around weed stocks has been mostly unfounded. My cousin kept trying to hold out with $ACB $CGC & $CRON but they kept disappointing. Maybe this new legislation will be that path to profitability!