Advisorshares Pure Us Cannabis Etf (MSOS) Quote

Example of THCa... https://www.prestonhempco.com/products/100-ozs

Hemp derived "THCa" is the same as regular weed.

Sub-reddit for THCa products... https://www.reddit.com/r/CultoftheFranklin/

THC-A is a legal product with less than 0.3% THC in the total weight. Production of American grown hemp, THC-A flower is legal under the 2018 Hemp Farm Bill. It is not a federally banned substance as the Agricultural Improvement Act (Farm Bill) legally authorized the removal of hemp plants and seeds from the Drug Enforcement Administration schedule of controlled substances.

Didnt get a chance to watch those videos. Been busy with work. I’ll make time soon. Still in the rollercoaster. After today I’m frustrated to say the least

You watch any of those YouTube pages I referenced? Be interesting to see how nivida earnings play out this week and how it affects the markets. Little pump then dump or straight market dump (nasd/sp500)? You end up cashing out or still holding?

Over done? You know my bearish stance so no. If that was a wave 3 up wave 4 down went past the level I googled which is the .382@ 8.91 ill be curious to see if it can make 5 waves up, 3 from what i gather isnt bullish and that could have been a 3 move up. Here's something I typed out that might confuse you, I struggle just as bad as the next. There is a difference between Fibonacci retracements and Fibonacci projections. I think retracements are the normal levels and projections are more like the extremes. I've had decent luck with projections but have been trying to use both.

That's a tough one. Measuring Fibonacci projections from the high just below $10 on sep. 18 to the low of sub $5 in October to the latest high gives downward levels of (previous reply had the upwards levels that it's seemed to align with for the time being)


.236/ 9.56

.382/ 8.85

.5/ 8.27

.618/ 7.70

.786/ 6.83

1/ 5.84

1.618/ 2.83


I see volume nodes around here and low 7s. 

I'll be honest, I don't know what to make of that pattern. Could be in a first wave 4 of 5 up if it start to find support then after wave 5 it could be wave 2 down in 3 moves and the good wave 3- typically longest and strongest either up or down. I'm still new with lots to learn, and have gathered the most evidence a sustainable long term bottom is in is after the lowest low you get 5 waves up and a 3 wave move down (ABC). I don't know if this is a W Pattern, kinda looked like one so I could see that pump up happening. After that it's not clear with my limited knowledge, so take ot all with a grain of salt and the market will do what it wants regardless lol.


From the IPO low of $20.61 to the $56 high I have a retracement of the 1.5 fib $2.88 and the 1.618 of -$1.30 again, my treading water knowledge knows that the .618 and 1.618 levels are most often touched and I haven't figured out counting waves so I pretty much rely on those two basics. Negative price would be a reverse split or bankruptcy I'm guessing but that 1.5 fib retracement of $2.88 is awfully close to the recent 1.618 fib extension of $2.83 then I factor in my view on the global economy (pessimistic by nature) and wouldn't be surprised to see that happening, unless we get the 5 wave move up and 3 down that ive been looking for on about any of my stocks. I use trading view to practice charting when they do half off sale around Thanksgiving And follow more trading online, crypto savy, and market makers on YouTube as they all either use Fibonacci or some sort of it and I'm becoming a believer in it. Northstar bad charts is the other trading publication I pay for and they teach risk management and have a learning section that I haven't checked out nearly enough. My last one is Bonner private research and you can watch the sales pitch on YouTube under Americas nightmare winter. Some of it is pretty boring but the gist of energy crisis causes by the green energy scam alings with my view. They have a portfolio of "maximum safety" with 60% commodies split between high dividend energy stocks and prescious metals and 40% in 1-3 month Treasury bills getting paid 5.5% interest waiting for a crash to buy high quality bargins. Lots of good free info from the YouTube guys I mentioned. Sorry for the long winded rant but I'm a believer in the Fibonacci and like to share good info when I have it. 

You think the selloff is overdone?

Rumors flying around today then squashed by the white house. Idk. I may bail here

Nope. Might be getting close to a good time to take profits tho. 1.618 coming up, volume spikes going down as price rising. Pigs eat, hogs get slaughtered it's a good analogy. Or hold and I'll try not saying I told you so

You on x? @SqueeggeeArtist

Don't get too cocky, the 1.618 is coming up lol could be near the end of a wave 3 up. 1.618 could be the wave 5?, then would expect ABC down correction taking out a big majority of the gains from $5s but signaling a long term bottom could be in. If that does play out I'll join. Been waiting to see that pattern play out since I started getting into charts and it's been evasive.

I agree, another cannabis sector chart friend shared the volume profile on this. Honestly, if it can chew through this 12-14$ area it looks so clear overhead. From my view the hardest work is in this area (have worked thru a lot of it ) and that 14 range.

Positions in this and MSOX….

Let’s boogie

LCK

How bout that strength broken?

Why would you want to. Trade a Canadian version? US has liquidity.

Is there a Canadian version of msos?

If price can get over the high of 14 back in December 2022 theres really not much resistance to $22-$24 zone. Basically 3x where it trades now. Once 280e goes away you can bet the fundamentals in MJ companies catch up to a 3x price adjustment to current prices.

How you getting the $24 target? I see the 100% retracement/extension for upside are near $10 and the 1.618 near $13. The 3.618 is near $26. Hope it works out for you

Apparently energy is where it’s at. I haven’t traded it in a long time but definitely looking into the space. J was convinced the GLD was going to break out but still were sitting here. I wouldn’t be surprised to see MSOS hitting 24 which was my original target went i went long at 9.33 ish. Took some heat on that trade but I’m still confident ill be right “eventually”

Well thanks for putting food on America's table. Could be a W pattern playing out and another high inbound, it also hit the .786 fib recently so maybe a ABC correction and big drop inbound. Market will do what ever it wants. I'm basically in energy, metals and miners, shipping and Treasury bills. Been waiting to see any stock actually bottom, and as I've been trying to learn one way to identify a sustainable bottom is a 5 wave move up followed by a 3 wave move down then moving back up. I've got a pretty gloomy forecast for our future. Kinda thing the market will dump like Bitcoin recently did once everyone gets comfortable and things were outta the woods. Market makers on YouTube is one link I've tried posting but it hides it. Crypto savy is another and he has some good market top patterns from the dot com bubble that are playing out today very similar if you wanna browse them

My cost basis on MSOS is about 9.3ish so not real far away. But yes I’ve been bullish long term. I think MSOS will see 12’s before 5’s

I like any steak. Raise cows. But seriously been bringing gains on these mj moves. Best trading in a while.

Broken. Cant deny the relative strength in MSOS

Your alive! Of course you speak and it drops too! DOOHHHHH gotta be quicker than that! Sorry man, you've been bullish since $12+ when I said don't catch a falling knife over a year ago...... And look where it dropped. I don't know it all but think I have a semi decent grasp on things with Lots to learn. Lots of pain coming for the market still, I'd avoid this like the plague if I wanted to grow my portfolio. Pick up some urnm,gold,xop, pbr/a, usefull stuff with dividends. Bonner private research is a good paid newsletter and Northstar bad charts is another that does a decent job at teaching risk management, trends and charting. I will try the worchersire one day. Ever had a chuck eye steak? Best part of the ribeye for chuck price

Broken arrow. You’ll soon owe me a steak dinner. Lol

He don’t buy. He just complains. Scared really.

Broken arrow all upset now. He knows I’ll have the last laugh. Been telling him for MONTHS. LONG.

"Congressman Steve Cohen (D-TN) Tells DEA To Reschedule Marijuana 'As Swiftly As Possible'

A Democratic congressman is calling on the Drug Enforcement Administration (DEA) to complete its marijuana review "as swiftly as possible" and abide by the U.S. Department of Health and Human Services's (HHS) recommendation to reclassify cannabis under Schedule III.

In a letter sent to DEA Administrator Anne Milgram on Thursday, Rep. Steve Cohen (D-TN) said he "appreciated the opportunity" to address the scheduling review process during a House subcommittee hearing she testified at last July but that he wants the agency to move more quickly to complete the job.

Since that hearing, HHS completed its scientific assessment of cannabis and advised DEA to move it from Schedule I to Schedule III under the Controlled Substances Act (CSA).

"I urge you, in the strongest possible way, to follow through on HHS's recommendation," Cohen said. "It is critical that the DEA's review is expeditious and that your agency quickly initiate the rulemaking process."

"Marijuana never belonged on Schedule I. Its inclusion resulted in harsh and disproportionate prison sentences, particularly for communities of color," he wrote. "Nearly half the states have already legalized marijuana for recreational use by ballot measure."

The lawmaker told Milgram she has a "historic opportunity to make make meaningful progress as Congress works on legislation to deschedule marijuana under the Controlled Substances Act and address some of the inequities caused by this misguided and discriminatory policy."

"The DEA should move as swiftly as possible on this effort, and I hope to see a Notice of Proposed Rulemaking on this issue soon," Cohen, who has long advocated for an end to federal prohibition, wrote.

While the Congressional Research Service (CRS) said it is "likely" that the agency will follow the HHS recommendation and move marijuana to Schedule III, DEA has emphasized that it has "final authority" over the matter and could make any scheduling decision, regardless of the HHS findings.

"DEA has the final authority to schedule, reschedule, or deschedule a drug under the Controlled Substances Act, after considering the relevant statutory and regulatory criteria and HHS's scientific and medical evaluation," the agency said in a letter to lawmakers last month. "DEA is now conducting its review."

DEA's statement came in response to an earlier letter from 31 bipartisan lawmakers, led by Rep. Earl Blumenauer (D-OR), that implored DEA to consider the "merits" of legalization as it carried out its review. That initial letter also criticized the limitations of simply placing cannabis in Schedule III, as opposed to fully removing the plant from CSA control.

Also, despite the furor over the ongoing rescheduling review, outside observers still know little about HHS's justification for its recommendation that cannabis be moved to Schedule III. While the agency sent hundreds of pages of explanation to DEA as part of its rescheduling recommendation, those documents have so far only been released in highly redacted form, with little to no indication of the federal health agency's findings related to possible medical benefits, addictive potential or any other aspect of the policy decision.

DEA has received a number of messages from different sides of the cannabis policy debate in recent months, including a recent letter from 29 former U.S. attorneys who urged the Biden administration to leave cannabis in Schedule I.

Last month, the governors of six U.S. statesâ??Colorado, Illinois, New York, New Jersey, Maryland and Louisianaâ??sent a letter to Biden calling on the administration to reschedule marijuana by the end of last year.

Meanwhile, six former DEA heads and five former White House drug czars sent a letter to the attorney general and current DEA administrator voicing opposition to the top federal health agency's recommendation to reschedule marijuana. They also made a questionable claim about the relationship between drug schedules and criminal penalties in a way that could exaggerate the potential impact of the incremental reform.

Signatories include DEA and Office of National Drug Control Policy heads under multiple administrations led by presidents of both major parties.

In October, Advocates and lawmakers who support cannabis reform marked the one-year anniversary of Biden's mass marijuana pardon and scheduling directive this month by calling on him to do moreâ??including by expanding the scope of relief that his pardon had and by expressly supporting federal legalization.

Two GOP senators, including the lead Republican sponsor of a marijuana banking bill that cleared a key committee in September, also filed legislation late last year to prevent federal agencies from rescheduling cannabis without tacit approval from Congress.

A coalition of 14 Republican congressional lawmakers, meanwhile, has urged DEA to "reject" the top federal health agency's recommendation to reschedule marijuana and instead keep it in the most restrictive category under the CSA.

Separately, DEA recently announced that it is taking another shot at banning two psychedelics after abandoning its original scheduling proposal in 2022, teeing up another fight with researchers and advocates who say the compounds hold therapeutic potential.

The agency has separately warned Georgia pharmacies that dispensing THC is unlawful because it remains a Schedule I drug after the state became the first in the U.S. to allow pharmacies to sell medical marijuana, with nearly 120 facilities applying to sell cannabis oil.

Meanwhile, DEA recently affirmed that spores that produce so-called magic mushrooms are not, on their own, federally prohibited prior to germination.

Keep buying the dips $MSOS 2024

Cool story. I bet the people who have bought from $55 down have been looking for a big year as well. Or do you think they expected to buy and it decline?

Looking for a big year in 2024 with $MSOS

Hey bud, give this a watch if your bored. Lots of info out there in actual charting but i find his videos interesting.

ttps://youtu.be/8D2PbWjFYrA?feature=shared

Buying opportunity.

Hopefully it works out for you.... Just imagine you could be green instead of "not down that bad" if you learn some charting. I have lots to learn still but pretty amazed at what little I know and how it helps me see certain levels

Long and strong. I told you. I wait when it’s moving against me. Don’t get your panties in a bunch. I’ll have the last laugh here and you know it. I’m actually not down all that much after that recent move up.

Come on you got a pulse still? It's moved a whopping buck and crickets! You out there studying hard and learning those technical charts so this has less chance of happening to you again? Or throw in the towel and capitulate while this does as well?

Bought/holding $6’s

Here in the next year or less, more people will be coming more aware. Give this a listen for a macro view, seeing as you still believe in a soft landing. ://youtu.be/ghLPiFFMUPc?feature=shared

You ok? Haven't heard from you in a while

Did it run out of fuel?

Maybe we will crash UP in gold this time like the 70's? If dollar falls then gold will breakout regardless of stocks

Never mind historically silver and gold plummet during a market crash which is all but inevitable in the not so distant future. Shills everywhere lol

Silver sees more safe-haven buying amid geopolitical crisis

$msos

Hit the .618 @6.76, ready for a leg up or is the massacre about to resume??

Your words have been marked. $10 to below $8, nice short ehh

I’ll get the last laugh. Mark my words.

Duh…. George, which way do we go? Which way do we go?

Ruroooooo....... Story getting stone cold again. Look at that volume divergence.

What goes up must come down. Fib levels looked like a solid spot for pullback, now how far will it drop...

Throw Technicals out the window. This thing can go wherever it wants.

“You weren’t short”. Lololz