With Biden's recent announcement I found myself looking for a longer term play and I narrowed it down to TLRY and MSOS.
I was looking to get opinions on these two or any other cannabis stock, and what you think is the best short or long term play. I'm coming from the world of options trading so I'm use to volatile swings and don't mind a moderate level of risk. I'm looking to actually start buying stock in one of these though, and then add to my position over the next couple years.
MSOS is apparently primarily US cannabis stocks which aren't even listed on the big exchanges yet. It went up 30% on the Biden news and only lost a few percent the following day.
TLRY is primarily canadian and went up 30% also, and then lost almost all of it the following day. Are these two different outcomes suggestive of anything?