Institutions ‘Supporting’ Share Prices and other myths

I've had some encouragement about expanding on a point mentioned a couple of days ago, being that "Institutional buying will not save your investment". This idea is still making the rounds for some reason. That reason likely being that peddling false hope is better than facing reality. It just might be in some people's fanciful imaginations, but in the real world, it sure as hell isn't. Not only has this dumb shit popped up in some mainstream commentary, one of the toughest things for a retail investor to do is slog through the piles of dogshit littered all over the playground. Low margin drop…

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Cannabis – Hard and Soft Landings

The market's been ugly past week or two for longs, as market caps evaporate amid a wider equity selloff. The sector's disconnect with the broader market doesn't seem to be holding, and there's a ton of handwaving and rationalization and chart checking and moving average gazing out there at the moment.I've seen some pretty big stretches over the past few days, especially around the money that'll soon be falling from the sky and WEED hitting $40 soon (real soon!) - held as tightly as a child clutching a teddy bear after a bad dream.Holding a long right now can feel like falling in the…

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Aggregators and Cannabis

Everything old is new again. Back in the 1970's and 80's, natural gas producers were often very small. They were shops built by an individual, typically a certain type of reservoir engineer or a geologist. The missus would answer the phones, the uncle would do the accounting kind of thing. See, finding oil and gas was/is a function of a certain type of skillset and personality. Half art, half science. And good rock hunters are not common. I met a few of them along the way. And some of the most successful were very atypical of the 'downtown businessperson' stereotype. They appeared more to…

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CannTrust Q4 F2017 Rundown

Open up the financials and MDA to follow along.   TRST recorded sales of $7.0 million for a 14% QoQ increase. Grams of flower sales increased 5% but were offset by a decline in price per gram to $8.14 from $8.81 sequentially, resulting in a 2.6% decrease in dollar sales.  Oil sales increased 24% in dollar sales with sales by ML growing at a like rate. Average revenue per ML decreased slightly from $2.04 to $1.97 but revenue per gram equivalent of Oil went up to $9.34/gram equiv from $9.27/gram equiv.   So while bottle price notionally fell, price per gram of input improved. [No one…

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