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Wonder where this will go 🤔  You see I cashed out already.  But I'm ready to go back in when the time is right, Matilda.  :)

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14 hours ago, dmedin said:

Wonder where this will go 🤔  You see I cashed out already.  But I'm ready to go back in when the time is right, Matilda.  :)

at the first sign of resistance, buy and hold not as easy as it sounds then? 🧐

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16 minutes ago, Caseynotes said:

at the first sign of resistance, buy and hold not as easy as it sounds then? 🧐

Lol no not in this case

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So I bid adieu to the cannabis index, it looks like it will be moving sideways for a long time now.  I really missed out on a chance to short it but who is enthusiastic to break into a new index tracker by short-selling it?  Vast majority of people are buyers in an exciting new market and want the price to rise.  And they all got sh@fted.  And so did I.

Edited by dmedin

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It might have based at 400, and the MAs are slowly reversing course, but there's no point buying and holding as you have to pay overnight fees.  Totally useless index :(

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So ... the house holds the winning hand ... again ... :D

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I've gone long at 448.84 and already down by 215.5 pips. What on earth have I done?

Stop the bleeding or hold? Daily interests aren't bad.

The real question is hold for how long?

Darn it.

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Posted (edited)
10 hours ago, albertc30 said:

I've gone long at 448.84 and already down by 215.5 pips. What on earth have I done?

Stop the bleeding or hold? Daily interests aren't bad.

The real question is hold for how long?

Darn it.

 

I think it's better to buy and hold via a cannabis ETF or something like that because you won't get charged interest for holding a long position.  As a SB/CFD it's a non-starter.

Cannabis will come back at some point.  If there's one thing the world needs ... it's to learn to chill out and relax ... :P

Edited by dmedin

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Posted (edited)

Interesting goings-on, very high spike in volume (if IG's volume reporting is to be believed) and a gap higher.

It's been rumoured that cannabis can prevent Covid 😻

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Edited by dmedin
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The volume spike was down to Aurora's results.  You know, the company IG won't let you buy shares in 🤪

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Fancy a wee spliff, Jessamine? 🤓

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Everybody must get stoned!

 

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Can it 'keep it up', above the gap and the 200 SMA?  Or will it get stoned and go all droopy again :(

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Description: The ancient Israelites may have used cannabis to get high as part of their religious ritual, according to Israeli researchers who found residue of the drug at a nearly 3,000-year-old shrine. Emer McCarthy reports. Short Link: https://refini.tv/36X0WNJ Video Transcript

 

lol that ain't God talking to you Moses :P

 

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Might be a bit of momentum building up :)

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I'm back in long, Simone 😘 

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And the cannabis index sh!ts its pants yet again.

Stupid fecking muggins that I am :)

 

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Could still be in with a chance, Peregrin Took.  I lowered my stop loss :P 

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