Long term bullish on this but this along with the market as a whole is overextended. Just sold out on my LEAPS for a good profit. Re-entry for me will be when it pulls back to 24 for support. Then I will get back into long term calls but short term this needs a pullback!
Same here. Was heavy in the MJ stocks but this big a move this fast never turns out well for me so I sold 2/3rds of my position. I'll be happy with the extra cash no matter what MJ does. But if it pulls back, I'll buy back.
swanke
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@findingvalue agreed. At this point SPY and MJ are defying TA and gravity 😂
Bull_Project
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I agree with you, thanks a lot
Tcaruso88
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Have a 4/16 27P so hoping for a correction in the next few weeks