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Message
re: Let’s talk weed stocks in this thread
Posted on 5/7/19 at 4:23 pm to Thib-a-doe Tiger
Posted on 5/7/19 at 4:23 pm to Thib-a-doe Tiger
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.
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.
4
Posted on 5/7/19 at 4:59 pm to BitBuster
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.
Posted on 5/7/19 at 5:10 pm to BitBuster
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.
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 5/7/19 at 5:23 pm
Posted on 5/7/19 at 5:26 pm to rowbear1922
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 5/7/19 at 5:29 pm
Posted on 5/7/19 at 5:37 pm to igoringa
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
Posted on 5/7/19 at 7:00 pm to Thib-a-doe Tiger
quote:
Where is Dad anyway?
Still here, long and strong.
He who laughs last, laughs loudest.
This post was edited on 5/7/19 at 7:03 pm
Posted on 5/8/19 at 7:51 am to TigrrrDad
REFR
any thoughts on this?
any thoughts on this?
Posted on 5/8/19 at 8:56 am to AUGDawg
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.
Posted on 5/8/19 at 11:15 am to Pendulum
Damn something spark an over 18% surge on LVVV?
Posted on 5/8/19 at 11:23 am to Brettesaurus Rex
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.
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 5/8/19 at 11:30 am
Posted on 5/8/19 at 11:26 am to Brettesaurus Rex
quote:
spark
Posted on 5/8/19 at 12:18 pm to High C
Posted on 5/8/19 at 2:44 pm to igoringa
y'alls shite stock is up 16% today.
i almost have mage my six dollars back
i almost have mage my six dollars back
Posted on 5/8/19 at 3:32 pm to cgrand
I wish I would have bought more KGKG. Or LVVV would just do what KGKG is doing everything would be great.
Posted on 5/8/19 at 3:47 pm to cgrand
It will be back down tomorrow
Posted on 5/8/19 at 5:58 pm to igoringa
quote:
And no I am not suggesting an inside job
glad you clarified the weed makes some folks in here paranoid about accusations.
Posted on 5/9/19 at 3:16 pm to oklahogjr
KGKG lost basically all its gains from yesterday. These weed stocks are something else
Posted on 5/9/19 at 3:40 pm to quail man
pump & dump
Posted on 5/9/19 at 5:16 pm to quail man
quote:
These weed stocks are something else
every pump and dump is like this. weed stocks arent special on otc
Posted on 5/14/19 at 5:54 am to BitBuster
I’ve got some HEXO and AURORA.
I’m down right now...but should I buy more low? Advice?
I’m down right now...but should I buy more low? Advice?
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