AdvisorShares Pure US Cannabis ETF (MSOS)

For the second time in a month MSOS ($MSOS) is my Trade of the Week. Investors are likely misinterpreting the progress at the current hearings that l expect will lead to a rescheduling of adult recreations use of cannabis. I have aggressively added to MSOS and the individual stocks in this period of weakness for …

Here were yesterday’s things: * New short position — Bloom Energy ($BE) at $265.39 * New option position — Bought Nvidia ($NVDA) puts * Reshorted $SPY at $748.88 and $QQQ at $722.58 * Shorted $GRNY at $27.81 * Shorted $JOET at $45.97 * Reshorted Morgan Stanley ($MS) at $223.61 * Supersized long $MSOS at $4.46 Position: …

I added aggressively to $MSOS near the close on Thursday at $4.47. Position: Long MSOS (VL)

* And fading it… I don’t own and am currently short (and have been recently short C, JPM, GS, MS, UBER, NFLX, homebuilders, etc.) some of the most consensus sectors. I am long some of the most non-consensus sectors. Consensus Longs: * Memory: SanDisk ($SNDK), Micron ($MU), Intel ($INTC), AMD ($AMD), Applied Materials ($AMAT) (“it’s different …

Cannabis equities, along with the more the speculative corners of the market, have fallen modestly in the last two weeks, despite a slew of positive reports on (the inevitability of) rescheduling. My strategy has been to add to MSOS ($MSOS) and to individual names daily. Should the space continue to drop in value I could foresee …