Yesterday I suggested adding $40,000 of our cash to AdvisorShares Pure US Cannabis (MSOS) with a buy limit of 11.45. This limit order hit. Thus, I am adding 3,493 shares of MSOS. This takes the MSOS share count to 5,158. This represents roughly 26% of the portfolio.
Recall that much of this is a trading position that I hope to sell for a profit in the near term on news regarding progress on the SAFE banking act in Congress before the end of the year.
Clarification
This MSOS purchase reduces our cash position to $5,360, not the $15,360 that I cited in the November 22 update. Thus, I am updating the open limit order to represent the purchase of $5,000 worth of MSOS at 11.25. This reduces the size of the limit order from the $10,000 cited yesterday.
If this limit order hits it will take our cash position down to virtually zero. I want to be fully invested ahead of any progress on SAFE banking.
