PsychedelicStockWatch

[PsychedelicStockWatch @PsychStockWatch]

Overall, we still see the #psychedelics sector spinning its wheels.

Market conditions remain poisonous for most of these stocks. Corrupt governments (dealing with out-of-control mental health crises) remain lethargic in pushing through necessary legal reforms.

$PSYK $PSIL

[PsychedelicStockWatch @PsychStockWatch]

Then there is $MNMD...

https://t.co/ejGOudJZlt

I'm still holding most of my shares here, but if the ship doesn't get righted soon, will have to review the situation.

$MMED $MMQ

[PsychedelicStockWatch @PsychStockWatch]

I'm disappointed (but not totally surprised) that the Field Trip/Reunion Neuroscience hasn't been accretive for shareholders. I didn't see this as a good time for #psychedelics entities to be making themselves smaller.

[PsychedelicStockWatch @PsychStockWatch]

Been really busy these past few weeks with other projects, but thought I would check in with a quick update.

Just noticed that $GHRS is the new market cap leader in the space, edging out both $ATAI and $CMPS.

$NUMI and $SEEL getting some traction lately.

#psychedelicstocks

[PsychedelicStockWatch @PsychStockWatch]

Subtitle:

"Psychedelic drugs and therapy are fueling the conversations on potentially revolutionary treatment and a paradigm shift for mental health disorders."

Looks like they are finally starting to get it. 👍

[PsychedelicStockWatch @PsychStockWatch]

How the Psychedelics Industry Is Taking on the Future

The mainstream media is finally starting to catch up to the content we were already producing in early 2020. 😉

#psychedelics #psychedelicstocks $PSYK $PSIL #shroomstocks https://t.co/jnjL5xeqKv

[PsychedelicStockWatch @PsychStockWatch]

Really interesting to see what happens tomorrow if the bankers schedule an "up day" in markets with their algorithms. 😉

[PsychedelicStockWatch @PsychStockWatch]

$DRUG powers higher today (+72.80%) despite the strong selloff in markets. Another mega-volume day: 82+ million.

More of a "tug-of-war" day for $MNMD: volume (on the NASDAQ) 57+ million, but relatively unchanged in price (-1.50%).

#psychedelicstocks $MMED #shroomstocks

[PsychedelicStockWatch @PsychStockWatch]

$DRUG (+169%, vol: ~50 million) and $MNMD (+7.87%, vol: ~33 million) resume their uptrend and heavy trading.

#psychedelicstocks $MMED #shroomstocks

[PsychedelicStockWatch @PsychStockWatch]

@SteveWes4 It means "who knows what we're going to see on Monday?" 😉

[PsychedelicStockWatch @PsychStockWatch]

An unfortunate day to follow up yesterday's general bounce for the sector and insane feeding frenzies on $MNMD and $DRUG.

Due to technical imbalances in the options market, this is creating a strong downward bias across equity classes and global markets.

#psychedelicstocks

[PsychedelicStockWatch @PsychStockWatch]

We saw elevated volume (and smaller bumps in share price) for several other players across the #psychedelics space today.

It will be very interesting to see what happens when markets open on Friday. 😉

[PsychedelicStockWatch @PsychStockWatch]

The OTHER feeding frenzy on the day was $DRUG.

An even bigger bounce (+135.87%) on even heavier volume, by dollar value: 119 million shares.

Obviously, $DRUG (and many others) were way overdue for such a corrective bounce.

#psychedelicstocks #shroomstocks $PSYK $PSIL

[PsychedelicStockWatch @PsychStockWatch]

@iamacalderon Lol! I've been really busy this week with other projects, so wasn't even looking at markets until after hours -- when I heard about $MNMD.

[PsychedelicStockWatch @PsychStockWatch]

A little slow getting today's main market action, but the numbers speak for themselves.

$MNMD +36.18%
NASDAQ volume: 224+ million shares.

Calling that "a feeding frenzy" would be a bit of an understatement (lol).

#psychedelicstocks #psychedelics #shroomstocks $MMED $MMQ

[PsychedelicStockWatch @PsychStockWatch]

@Dolphins19845 What's really crazy is that a fairly big chunk of this mega-volume came right at the open.

I'm surprised the stock didn't pop even higher with that amount of upward push.

[PsychedelicStockWatch @PsychStockWatch]

Sitting up another 11.75% in the after-hours market.

[PsychedelicStockWatch @PsychStockWatch]

What sparked this sudden stampede is (apparently) this...

Mind Medicine Stock Is Surging. A Student Who Made $110 Million Trading Bed Bath & Beyond Could Be Why

https://t.co/C3mEEjljdh

[PsychedelicStockWatch @PsychStockWatch]

@unoyoya I was somewhat dismissive of #ketamine (at first) as well.

But as I learn more about its efficacy and as our despicable governments drag their heels on opening up other #psychedelics, I think all investors in #psychedelicstocks need ketamine exposure.

[PsychedelicStockWatch @PsychStockWatch]

atai Life Sciences Reports Second Quarter 2022 Financial Results & Business Update

$ATAI announces a new $175 million loan facility, streamlines operations, and now has total cash/financing of $487 million.

#psychedelicstocks $CMPS $PSYK https://t.co/KyeUE97su6