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BitBuster
LSU Fan
Lafayette
Member since Dec 2017
761 posts

re: Let’s talk weed stocks in this thread
I, for one, no longer believe that "the ticker that shall not be named" will ever see a significant bump in share price. I'm just looking for a comfortable price to close my position.

There's the ever present rumor of actual profit/earnings reports bumping the price, and the promise of an uplist that never comes. I'll probably jump at the next pump like most TD investors here.

The CEO does not have a clue what he is doing. And that's evident to me now.


rowbear1922
LSU Fan
Baton Rouge
Member since Oct 2008
10857 posts

re: Let’s talk weed stocks in this thread
Because I have lowered my per share to near .025, I still think I’ll turn some kind of profit on my investment but not what I once thought it could be.


Pendulum
New Orleans Pelicans Fan
Member since Jan 2009
4007 posts

re: Let’s talk weed stocks in this thread
I sold about 40% of my shares for like .5% gain when it got over .03 a month or so ago. I've beat myself up endlessly about not getting out entirely. Rolled most of it into OGRMF, which has panned out, love that stock. From when I started investing in cannabis at end of 2017, OGRMF is probably the best stock I've had over that timeline.

Not sure now. My left over average is about .034, If it sees .027 or so, it's gonna be hard for me to hold on.

I've watched multiple cannabis stocks up-list with no noticeable change in the local price chart, so I really wouldn't count on that basket.

Actual earnings might do something, but it looks like they have almost nothing invested in the company really, so I don't see where the potential growth (which is what the price is based on) comes from. My company is a tiny company, and I have 3 warehouses bigger than that little metal shack in the desert they have.

Let's all pray for a pump,

ETA:
I'm cooling more and more everyday to the cannabis sector overall. I just cannot find a reason to think any of these companies will exist in 5-10 yrs outside of like 4 or 5, cron, cgc, acb, tlry, apha? CGC and Cron have billions from constellation and altria; how do any of these smaller companies earlier in the timeline provide anything long term? Maybe some red tape, licensing type buyouts possibly? I don't know enough about the laws. Hell, Cron and CGC might be producing THC without growing the plants within a decade.

Don't feed me the "Those are Canadian companies, wait until the US legalizes" line. Constellation didnt put 4 billion dollars into CGC because they thought they weren't going to rule the US market aswell. Altria is on the same page with Cron. I don't think they are trying to position themselves for the tiny Canadian market, I just have a little feeling.

It's easy to compare to cigarettes right? I don't think there's much of a market out there for specialty or craft cigarettes; there's only 3 or 4 producers and all the companies in their chains.
If someone disagrees, I'm all ears. Trying to justify a reason to hold a lot of these positions outside of "trading", which I have no desire or spare time to do.

ETA2: I'm mostly just talking about cannabis producers.
This post was edited on 5/7 at 5:23 pm


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10
igoringa
LSU Fan
Tejas
Member since Jun 2007
10868 posts

re: Let’s talk weed stocks in this thread
quote:

Because I have lowered my per share to near .025, I still think I’ll turn some kind of profit on my investment but not what I once thought it could be.


I think you are correct. The revenue announcement (whatever that may be) is coming soon (it will be the Q1 results due next week though I am not sure they will file on time given them). .015 and I might even dabble for a few weeks.

But not surprisingly, I would move pretty quick when it does the revenue move. The mania in the industry is really moderating and it even today is a $22 million market cap. When rationally looked at after an announcement of revenue - it is not going to the moon. You have to believe if they were shipping anything of any significant volume they would let us know given they press release things as mundane as being the equivalent of a down line of scentsy.

Uplist? Not close to that which is amazing given how easy it is. Think about it... they were denied when they had the last two years audited (horribly audited but that is a different story)… now they last year is not audited. Seen nothing to fix the old deficient audited yearly's or unaudited quarterlies...
This post was edited on 5/7 at 5:29 pm


rowbear1922
LSU Fan
Baton Rouge
Member since Oct 2008
10857 posts

re: Let’s talk weed stocks in this thread
quote:

.015 and I might even dabble in it for a few weeks


It hits 0.15 again and I’m definitely buying more to get my per share closer to .023


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TigrrrDad
Member since Oct 2016
3938 posts
 Online 

re: Let’s talk weed stocks in this thread
quote:

Where is Dad anyway?


Still here, long and strong.

He who laughs last, laughs loudest.
This post was edited on 5/7 at 7:03 pm


AUGDawg
Georgia Fan
East GA
Member since Nov 2014
1733 posts

re: Let’s talk weed stocks in this thread
REFR

any thoughts on this?


Pendulum
New Orleans Pelicans Fan
Member since Jan 2009
4007 posts

re: Let’s talk weed stocks in this thread
quote:

REFR


That ticker selection doesn't exactly make me want to look it up. I bet they put out some "RAD" tweets bruh!

Other than that, I've never heard of it.


Brettesaurus Rex
New Orleans Saints Fan
Baton Rouge
Member since Dec 2009
35908 posts

re: Let’s talk weed stocks in this thread
Damn something spark an over 18% surge on LVVV?


igoringa
LSU Fan
Tejas
Member since Jun 2007
10868 posts

re: Let’s talk weed stocks in this thread
Not that i can see.

100k sold for .21 at 11:48 then 200k at .23 at 11:58.

As we joke, there are several people on this board that could materially move the price in a day with the share volume being what it is.

And no I am not suggesting an inside job lol.
This post was edited on 5/8 at 11:30 am


High C
Houston Astros Fan
viewing the fall....
Member since Nov 2012
26566 posts

re: Let’s talk weed stocks in this thread
quote:

spark




Brettesaurus Rex
New Orleans Saints Fan
Baton Rouge
Member since Dec 2009
35908 posts

re: Let’s talk weed stocks in this thread


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cgrand
New Orleans Pelicans Fan
HAMMOND
Member since Oct 2009
16234 posts

re: Let’s talk weed stocks in this thread
y'alls shite stock is up 16% today.
i almost have mage my six dollars back


danny d lsu
Louisville Fan
Baton Rouge, LA
Member since Sep 2007
517 posts
 Online 

re: Let’s talk weed stocks in this thread
I wish I would have bought more KGKG. Or LVVV would just do what KGKG is doing everything would be great.


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quail man
New Orleans Pelicans Fan
New York, NY
Member since May 2010
38992 posts

re: Let’s talk weed stocks in this thread
It will be back down tomorrow


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20
oklahogjr
Arizona State Fan
Gold Membership
Member since Jan 2010
27795 posts

re: Let’s talk weed stocks in this thread
quote:

And no I am not suggesting an inside job


glad you clarified the weed makes some folks in here paranoid about accusations.


quail man
New Orleans Pelicans Fan
New York, NY
Member since May 2010
38992 posts

re: Let’s talk weed stocks in this thread
KGKG lost basically all its gains from yesterday. These weed stocks are something else


cgrand
New Orleans Pelicans Fan
HAMMOND
Member since Oct 2009
16234 posts

re: Let’s talk weed stocks in this thread
pump & dump


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10
oklahogjr
Arizona State Fan
Gold Membership
Member since Jan 2010
27795 posts

re: Let’s talk weed stocks in this thread
quote:

These weed stocks are something else

every pump and dump is like this. weed stocks arent special on otc


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00
fr33manator
LSU Fan
Baton Rouge
Member since Oct 2010
85926 posts
 Online 

re: Let’s talk weed stocks in this thread
I’ve got some HEXO and AURORA.

I’m down right now...but should I buy more low? Advice?


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