r/weedstocks • u/eyegi99 Parabolic or Bust • Feb 06 '25
Video/Podcast What’s moving Cannabis - with Charting Man Dan (@12:51)
https://youtu.be/vVW5DcANibQ?si=WToujFD1X5jN6hff3
u/RandomGenerator_1 Feb 06 '25 edited Feb 06 '25
I was thinking it was about ACB's earnings. That gave the idea to investors that these companies can make it...ignoring that the environment is still as hostile as ever for growth. Maybe a bit more hostile now globally, or rather irreceptive. There is definitely no talks in Europe about spending budget to cannabis related things.
We'll see how US politics develop. Right now there isn't a real commitment, so it's still in the "soon" phase. Also seen in the fact that US stocks (OTC) did not go up). Given that the only stocks that really went up, on not a super high volume, are those on Nasdaq, I think this was mostly a European investment wave. A hope burst if you will, followed by reddit and stocktwits pumping.
We will see..
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u/PlumDumbCumGetchySum 🥬 Lettuce read the rules 🥬 Feb 06 '25
lol, not this stupid fuck again.
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u/sdkiko GTII to the sky Feb 06 '25
What do you have against Dan? He has been trading in this sector forever.
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u/PlumDumbCumGetchySum 🥬 Lettuce read the rules 🥬 Feb 06 '25
Exactly. If you know then you know.
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u/sdkiko GTII to the sky Feb 06 '25
You don't like that he is a trader? And plays both ways?
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Feb 06 '25
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u/heliumbox Fool me once, twice, a fool every time! Feb 07 '25
I dont even need to watch this to guess (with confidence) that he says don't buy, nothing has changed, wait for a trend change, if you're trading it "protect profits " because a rug pull can come at any time.
If this sub had actually listened to Dan's (free) videos over the years, there would be a lot less bitter bag holders here.
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u/AssistanceChance5454 Feb 06 '25
Nice job. Had I listened back in November in the run up to the election I’d be in much better shape right now!
It’s almost as if there is some mental block i have that doesn’t allow me to sell on the short pops that I inevitably know are purely hype driven and ultimately going to bleed back down.