r/wallstreetbets 14h ago

Weekend Discussion Weekend Discussion Thread for the Weekend of September 23, 2023

46 Upvotes

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Check out last week's Earnings Thread and Rules. DM the mod inbox


r/wallstreetbets 4d ago

Earnings Thread Most Anticipated Earnings Releases for the week beginning September 18th, 2023

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45 Upvotes

r/wallstreetbets 22h ago

Meme What was left unsaid

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8.5k Upvotes

r/wallstreetbets 11h ago

News GOP Senators File Bill To Block Biden Marijuana Rescheduling Effort Without Congressional Approval - Marijuana Moment

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558 Upvotes

MARIJUANA RESCHEDULING CONFIRMED 100%!!

Also fucking LOL:

"Lummis said in a separate interview with Ask a Pol’s Matt Laslo that she personally doesn’t want to see her state of Wyoming move to legalize—in part because she thinks “it just doesn’t smell good” and “stinks.”


r/wallstreetbets 14h ago

Chart Alright boys, admit it... who got caught in today's bull trap?

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912 Upvotes

r/wallstreetbets 10h ago

Meme Weekend wisdom

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331 Upvotes

r/wallstreetbets 18h ago

News Citadel Securities Accused of Breaking SEC Short-Sale Label Rule

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1.0k Upvotes

r/wallstreetbets 22h ago

Meme JPOW did nothing wrong

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2.3k Upvotes

r/wallstreetbets 5h ago

Meme Jerome Buscemi

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96 Upvotes

Credit to u/TradeTheZones for the amazing voice deepfake!


r/wallstreetbets 7h ago

YOLO TQQQ 200k all-in. Hello darkness, my old friend

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119 Upvotes

r/wallstreetbets 15h ago

Gain $8,000 > $51,000 TSLA PUTS

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550 Upvotes

It’s a crazy world we live in where we can click buttons on your phone me make $40,000+ in a week.

Just closed my positions.


r/wallstreetbets 12h ago

Loss Blew up both accounts.

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241 Upvotes

Well we finally did it. The market has fucked me in my ass harder than my wife’s pegging. Hopefully her boyfriend can help me get back on my feet. God speed regards


r/wallstreetbets 14h ago

Meme You guy's make profits?

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271 Upvotes

r/wallstreetbets 14h ago

Discussion Now is the time of despair.

271 Upvotes

r/wallstreetbets 10h ago

Loss Blew my account

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128 Upvotes

Finally found options around july and even started seeing great success...then the Fitch credit down grade happened and this Wednesday fed meeting took the rest. Guess I'm done for now boy's 🙉🚀 Good luck


r/wallstreetbets 12h ago

Meme They are coming for you

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147 Upvotes

r/wallstreetbets 11h ago

Meme For those who lost life changing amounts of money, have y’all ever thought about becoming a Catholic monk in the western world?

129 Upvotes

Free food free housing free healthcare. If you divide the asset of a monastery by all the monks who live there, everyone is a multi-millionaire.

And you already don’t have any assets to liquidate for their requirement of relinquishing all private possessions!


r/wallstreetbets 19h ago

DD $MSOS - USA Cannabis play Price Target = $30 EOY 2023. I think Joe Biden will run on Full Recreational Legalization of Cannabis in 2024. 🚀

472 Upvotes

BACKGROUND 🌿🔥 😎

TL;DR = The USA Cannabis space is a GENERATIONAL BUYING OPPORTUNIY near all time low stock prices. Yes we had a +60%, but this was off the all time low bottom.

This is a massive "ABRITRAIGE" opportunity for retail as Big Money (hedge funds, institutions and other big players) cannot buy USA Cannabis stocks as it's still "Schedule 1" which is soon to be reclassified to "Schedule 3".

Buying USA Cannabis stocks today is like getting in PRE-IPO after most stocks crashed -90% because the Federal Government hasn't done anything - BUT THEY ARE NOW!

INVESTMENT THESIS = Biden will run on FULL Cannabis legalization in 2024 🤫

Joe Biden will run on FULL FEDERAL CANNABIS RECREATIONAL legalization if you vote for him in the Nov 2024 elections!!!! This will be announced shortly after he reclassifies Cannabis to from Schedule 1 to Schedule 3 medical before the end of the year.

This is the Canada Justin Trudeau "PLAYBOOK" where in 2015 Liberal Canadian party was in last place (3/3), then he promised Cannabis legalization and FUCKING WON THE ELECTION!!! 💣 💥

Why does Joe Biden need this as a win? Because he DESPERATLY needs the youth vote who he is failing on Student Loans and Inflation. Also the tax revenues will help pay down the USA national debt.

CATALYST FOR CANNABIS STONKS TO RE-RATE HIGHER 📈 💵

1) DEA 90-Day Schedule 3 "Interim Ruling" which will immediately become law and in Q1 2024 companies will be massively cash flow positive with the removal of tax 280e. Kim Rivers CEO of Trulieve $TCNNF (who is a Lawyer herself) confirmed this on Twitter Spaces last month and who is already in talks with NASDAQ for uplisting when ready. These USA Cannabis companies are paying an effective tax rate of ~70% right now and they can't write-off normal business expenses. This would allow up-listing to NYSE / NASDAQ.

DATE = November 27th, 2023 or before

2a) SAFE Banking Act in the Senate which will allow financial services to work with Cannabis companies to get business loans and allow up-lisintg to NYSE / NASDAQ.

DATE = Wednesnday, September 27th for the committee vote / Mark-up and then full "Floor-Vote" shortly after

2b) "Garland Memo" to replace the former rescinded "Cole Memo" which gave guidance to Financial institutions and USA Cannabis companies could up-list to NYSE / NASDAQ on this alone.

DATE = Anytime, although some people think it would be introduced along side of SAFE Banking Act. There were also rumours that it would be introduced on October 6th, 2023 which is the 1-Year anniversary since Joe Biden announced the rescheduling review last year.

3) "Strategics" entering the cannabis space - Big Tabaco, Big Alcohol, Big Pharma, Consumer Packaged Goods

Canopy has $STZ Constellation Brands, Cronos has $MO Altria, Organigram has $BTI British American Tabaco

CPG (Consumer Packaged Goods) companies are looking at the Cannabis sector too! In 2018 $KO (Coca-Cola) was in talks with $ACB (Aurora Cannabis). I would imagine that food players like $PEP (PepsiCo) and $MDLZ (Mondelez) with their snack portfolio is looking at a Cannabis partnership deal too! The more "HIGH" you get, the HUNGIER you become and the more SNACKS you will eat!!!! BULLISH!!! 🐃

DATE = Anytime will happen out of nowhere and be massively bullish

HOW TO BUY CANNABIS STONKS 🔥

Because cannabis is still a schedule 1 narcotic, companies cannot be listed on the NYSE / NASDAQ and can only be bought OTC over the counter. As such, depending on your broker, you might only be able to buy $MSOS the USA Cannabis ETF.

There is also $MSOX which is the 2x ETF.

January 2024 $20.00 strike calls would be an interesting YOLO as it covers both: 🐋 💦

(1) SAFE Banking and

(2) DEA 90-Day "Interim Ruling" (Roughly Nov 27, 2023 or earlier) which becomes immediately law

When this happens, I think stocks go 2x-3x easily.

https://preview.redd.it/v2cz7r9pntpb1.png?width=685&format=png&auto=webp&s=99de7e2addf22770b2c4aba892930e6dfa5dae2d

https://preview.redd.it/viuhhb4qntpb1.png?width=670&format=png&auto=webp&s=0dbbbb5791e69926af04eb47283da9632cc0d347

https://preview.redd.it/9hwiznototpb1.png?width=616&format=png&auto=webp&s=dbc929a62a7d9fbf3a5d0216e4dcd3fc29e911bf

https://preview.redd.it/fiywp57sotpb1.png?width=1220&format=png&auto=webp&s=902064c050f0b1760c1b101d8993fcda976208eb

https://preview.redd.it/4jqr39veiupb1.png?width=833&format=png&auto=webp&s=dfda0060638156f4231462fbe3ffd3da9c8fc6c4

The "Big 3" USA Cannabis Company CEO's = $CURLF (Curaleaf) Boris Jordan + $GTBIF (Green Thumb Industries) Ben Klover + $TCNNF (Trulieve) Kim Rivers 💖

https://preview.redd.it/ph9v0o1rntpb1.png?width=1917&format=png&auto=webp&s=c1b2521c7a8206ffceef1f99ebffe73ee566798a

NYSE / NASDAQ Up-listing from OTC coming - Ben Kovler, CEO of Green Thumbs Industries $GTBIF. Stocks will re-rate higher as BIG MONEY will finally be able to enter the Cannabis sector. 🔔

https://preview.redd.it/tayn6j1z7upb1.png?width=962&format=png&auto=webp&s=5abb9584e60f52324d875053a4fe0fb2dd893b09

The removal of 280e tax The adjustment would add approximately $700 million to the 2023 FCF of the companies reviewed. 🍆

https://preview.redd.it/i5htvwyrntpb1.png?width=960&format=png&auto=webp&s=0ad6efe73e3e85bd50f4bce469f7116f8e75d10d

TECHNICAL ANALYSIS

$MSOS has a +600% gain to get back to all time highs. Also the volume is massive... you know the saying "VOLUME precedes price action" 🍋

https://preview.redd.it/ktkijl8tntpb1.png?width=1495&format=png&auto=webp&s=b69b74084e00049707759249a0c7da2aabaa7fcb

There are BULLISH signs starting to emerge, such as INVERSE JIM CRAMER saying "Tilray is TOO DANGEROUS" just 4 days ago 😉

https://preview.redd.it/m9fsq3o7nupb1.png?width=1448&format=png&auto=webp&s=37251a6fd51d2bfdc1b8833d6f121d8b4aff3190

Election positioning already starting ahead of the 12-month countdown ahead of the November 2024 USA election! 🌊

https://preview.redd.it/b1pct5gvntpb1.png?width=1042&format=png&auto=webp&s=65a00300a7c6032c33bcf7513e3c2dab5865bb05

https://preview.redd.it/k7asyoxeotpb1.png?width=1095&format=png&auto=webp&s=b17c63554f16dbb7123e535a7e05d547a92c8a36

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EDIT: I love how there is so much "disbelief" in the comment section.

This tells me that when Cannabis enters the 3rd "bull market cycle" (2013 California, 2018 Canada, and now 2023/2024 USA and GERMANY), some of you chase at the top +600% higher (as usual) 😇

https://preview.redd.it/f4sdmv22mupb1.png?width=811&format=png&auto=webp&s=29a57c2d7ce9c9b269e151bb8a23c94415a824e1


r/wallstreetbets 12h ago

Meme Oh how the turn tables.

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109 Upvotes

r/wallstreetbets 20h ago

Meme Recession confirmed!

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407 Upvotes

They know something we don't. 🤣


r/wallstreetbets 20h ago

News Schumer Circulates Petition To ‘Demand’ Federal Marijuana Legalization As He Works To Advance Cannabis Banking Bill

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436 Upvotes

r/wallstreetbets 1d ago

News Bankers’ 40% pay cuts show the China dream fading in its richest cities.

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534 Upvotes

r/wallstreetbets 14h ago

Gain Went for a roller coaster there

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81 Upvotes

r/wallstreetbets 20h ago

Meme They had us in the first half, not gonna lie

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233 Upvotes

One of the greatest things I’ve seen posted here lmao.


r/wallstreetbets 19h ago

Meme Puts it is (DIS)

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173 Upvotes

r/wallstreetbets 32m ago

News Funny that a big firm can't differentiate between short and long. And tell SEC 'Oops. we made boo boo'

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Upvotes

r/wallstreetbets 13h ago

Loss The national gambling association of the USA would like to thank you for your contributions.

37 Upvotes

The rich became richer due to your contributions, and if the poor became poorer, it was their own fault for thinking they could escape their poverty.