sonidofranko

sonidofranko Updated 

Reclassification is here - it's right around the corner. Overall, rescheduling ain't gonna do much. It will classify marijuana as a drug that has potential for abuse, while still being acknowledged for its medicinal benefits. The kicker though is the tax and banking implications. 1. Reclassifying cannabis to Schedule III will move it out of the purview of...

sonidofranko Updated 

us gonna impose 100% tarifs on chinese ev's. they gonna sell tik tok. economic war happening rn. may buy at the $2.75 to $3 range sad - i like this stock

sonidofranko

I am glad that Natgas is on the rise. But gonna do a small short position, see if I can capture NATGAS chillin' the f*ck out. Good luck $19.50 5/24 puts $0.33 Tiny position

sonidofranko Updated 

Selling pressure may be coming to an end on natgas Some 10 year NATGAS seasonality charts suggest a bottom by Mid-April and a top by Mid-June Similar UNG seasonality charts indicate the same thing Looking at the June 21st $13 - $14 - $15 & $16 calls Get some!

sonidofranko Updated 

Would like to have seen that gap filled at $13.10 But added June 18th $15 calls today. Couldn't wait for the buy confirmation. Will add more the next few weeks on any weakness. VIX will pop by late May/early June. Thesis = will drop with weekly chart of bear flag on AMEX:SPY Good Luck Yo

sonidofranko Updated 

Alot of chatter about bonds breaking upward. But I'm thinking there may a short term bounce on the tlt - Looking at May 10 $89 - $89.5 - $90 Calls Lotto contrarian play - Ill see what they do in the morning

sonidofranko Updated 

MSOS loves bouncing off that trend line. I bet you it'll happen right when DEA reschedules. Because the market is a bit*ch like that. Smoke more weed. Flying to Chicago today, never been.

sonidofranko Updated 

I just bought 4k shares and some June & Sept $2 lotto calls, Not really liking what I'm seeing here overall, but seems like it's at the bottom of the channel/oversold. Hopefully we are close to an answer about DEA rescheduling - which could drive a breakout from this symmetrical triangle. Risky

sonidofranko Updated 

Double top or can this turn into a double bottom? I have the strange feeling that the DEA may not reschedule due to lack of data or some other bs lame reason. If this happens, I can see this double top playing out and stock dropping back down to the $4-$5 area. If the DEA does reschedule marijuana - I can see a double bottom playing out from neckline and stock...

sonidofranko

Wait until $60 to $65 = then short this pig Looks too easy right?

sonidofranko

Purchased some 3/27 & 4/3 $13 calls today. Get some! Still thinking the big correction coming in may

sonidofranko

Looks like it's broken out of that channel, however I think it goes back down prior to earnings in November. Seriosuly considering long term LEAPS on this. The Jan 2025 $3 calls are super cheap. Book value is $15. Let me know what you think? Pros 1. Rising trade 2. Receding inflation/lower rates 3. Better political environment 4. Revisions up for GDP...

sonidofranko

Weed jokes aside.....this one is heading higher. Bought back in yesterday - anticipated a falling wedge breakout. 1. No confirmation yet 2. Had a 50/200 cross the other day 3. 50 curling up 4. Breaking out of falling wedge 5. Open gap at $11+ 6. Congress will eventually clean up their mess 7. Surprise rescheduling perhaps.

sonidofranko

RSI crossover - huge gap down at the $143 area !!!. Possible short into ER in Nov. Bearish Engulfing This SODA IS FLAT AF!!!!

sonidofranko

Broke down. Got out a while back at top of channel, but looking to buy back in if RSI goes down to 25 to 30 oversold conditions for short term trade. Morgan just upgraded global energy, but, XLE just printed the mother of all gravestones. Most this year I've noticed more of a divergence between natty vs crude (not sure about this) - gonna be really patient with...

sonidofranko

Just hit the only monthly buy signal its ever had. Next gap up on the daily @ $11.18. Heavily shorted sector. Weed = 6th largest cash crop in US DOJ will agree with HHS. SAFE Banking this month. Most holdings are trading way under book. I once smoked way too much of that butane hash/wax/dab stuff once and I literally saw the back of my face with my...

sonidofranko Updated 

This statement is especially true if you look at the leftover Chinese food in my refridgerator. Looking to go long around 08/14 to 08/16 - it may fill that open gap below at $14.15 before it resumes it's moon journey. Eyeballing the 09/20 $14.50 to $15 calls - depending where we are at on the aforementioned days. Remember 08/16 is FOMC. Really no clear signal...

sonidofranko Updated 

Absolutely slammed into $3.00 - pullback into previous resistance. I have AMEX:BOIL puts I am selling in the morning. Will look into buying calls, especially if Natgas breaks below this resistence at where we are at now. WIll look to buy tomorrow and/or buy/add possibly next week. I still think that NATGAS is in an uptrand. Looking to break past $3 to the...