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re: Let’s talk weed stocks in this thread

Posted on 10/2/18 at 9:37 am to
Posted by Major Dutch Schaefer
Location: Classified
Member since Nov 2011
35344 posts
Posted on 10/2/18 at 9:37 am to
Here is the opposite side of the spectrum regarding Namaste (NXTTF) LINK
Posted by arkiebrian
NWA
Member since Nov 2006
4167 posts
Posted on 10/2/18 at 9:50 am to
Granted, this guy is a pot stick hater.

“Namaste (OTCQB:NXTTF), which is Hindu for 'my spirit honors yours', is one of the worst companies, if not the worst, within the fledgling cannabis space. The company sits perfectly at the intersection of an amateurish management team and bad financials.”
This post was edited on 10/2/18 at 11:34 am
Posted by arkiebrian
NWA
Member since Nov 2006
4167 posts
Posted on 10/2/18 at 9:51 am to
quote:

IGC


Got in today at $10 something.

And this is it as far as pot stocks go for me.
Posted by rowbear1922
Houston, TX
Member since Oct 2008
15579 posts
Posted on 10/2/18 at 9:54 am to
That is the first I have seen of that but he doesn't really back up any of his statements. I don't think the company has bad financials or a bad management team. I'm sure with any company you can find overly good or bad articles. I've said for a while this is a long hold but I didn't think it would tumble the way it has over the last week.
Posted by dawg4lyfe
Member since May 2012
11662 posts
Posted on 10/2/18 at 12:31 pm to
TRPX is the next IGC-type runner. Low float. Just now getting noticed. Got in earlier today at 5.30
This post was edited on 10/2/18 at 12:32 pm
Posted by el Gaucho
He/They
Member since Dec 2010
56786 posts
Posted on 10/2/18 at 12:33 pm to
I bought like 600 more at 1.65


When is it supposed to hit $20?

I’ve also made like 600 on igc
Posted by rowbear1922
Houston, TX
Member since Oct 2008
15579 posts
Posted on 10/2/18 at 12:36 pm to
quote:

When is it supposed to hit $20?


I am hoping after the 17th Cannmart really takes off with a bunch of different products to offer. I am hoping it is a very nice Christmas season.
Posted by el Gaucho
He/They
Member since Dec 2010
56786 posts
Posted on 10/2/18 at 12:38 pm to
Should I buy trpx?
Posted by arkiebrian
NWA
Member since Nov 2006
4167 posts
Posted on 10/2/18 at 12:47 pm to
Keep telling myself don’t buy any more damn weed stocks.

But yet...there’s another!
Posted by rowbear1922
Houston, TX
Member since Oct 2008
15579 posts
Posted on 10/2/18 at 12:57 pm to
quote:

Keep telling myself don’t buy any more damn weed stocks.

But yet...there’s another!


Same. I think until Oct 17th though, these should all pretty much be sure fire bets. Once Canada has it legal, revs are obviously going to go up so even old fogies will take notice when they see the gains being had and revs being earned.
Posted by el Gaucho
He/They
Member since Dec 2010
56786 posts
Posted on 10/2/18 at 1:02 pm to
I bought 100 trpx for 6.22
Posted by Suntiger
STG or BR or somewhere else
Member since Feb 2007
34580 posts
Posted on 10/2/18 at 1:09 pm to
quote:

Keep telling myself don’t buy any more damn weed stocks.

But yet...there’s another!


I both hate and love this thread.
Posted by papz
Austin, TX
Member since Jul 2008
9363 posts
Posted on 10/2/18 at 1:12 pm to
ACOL

Penny stock that caters to the market.
Posted by rowbear1922
Houston, TX
Member since Oct 2008
15579 posts
Posted on 10/2/18 at 1:14 pm to
I don't know anything about TRPX but why are people in here high on them? They have been upgraded/downgraded depending on which tracking form you are looking at an lost $1.2M last quarter. Am I missing something here?
Posted by Suntiger
STG or BR or somewhere else
Member since Feb 2007
34580 posts
Posted on 10/2/18 at 1:28 pm to
It’s all starting to have .com feeling to it. CGC is the one I believe in the most, but they have had a terrible week. But stock like IGC and TRPX are taking off.

Posted by CBarkleytruth
Member since Dec 2014
1688 posts
Posted on 10/2/18 at 1:28 pm to
How the hell can IGC hit $14 and then corrects all the way down to just over $10 all within 2 hours?!
Posted by rowbear1922
Houston, TX
Member since Oct 2008
15579 posts
Posted on 10/2/18 at 1:33 pm to
quote:

It’s all starting to have .com feeling to it. CGC is the one I believe in the most, but they have had a terrible week. But stock like IGC and TRPX are taking off.


I hope it does have a .com boom to it. A lot of people made a lot of money in a relatively short time. I'll gladly ride that wave up, and sell at various times to re-coup some money/pay off other things.

I do believe this month will be the first boom that will be a small microcosm of what will happen when the US announces it will legalize pot in the coming years.

I read recently where Bayer is trying to put themselves in position to have a sole monopoly on the cannabis seed industry similar to corn and soy.
Posted by Pendulum
Member since Jan 2009
7586 posts
Posted on 10/2/18 at 2:37 pm to
quote:

African Japanese


This is guy must be so sad over the last 5 days in the market lol. I'm down 40% on NXTTF but i only put 3,000 in. At this point, I think I'ma just hold, if it goes down another 40% I might jump off, but there's too many unknowns at this point. I feel like you got to wait until early Nov to know anything substantial.

I'm not buying this Oct 17th date is gonna do anything though. That has long been factored into these prices; its going to be the first earnings after legalization that either blows this whole thing up or kills it.

I should have sold that day it went from 2.90 to 2.20; owell; it's not the end of the world; haven't lost anything....yet. If it keeps tanking, I'ma cross over into the red on cannabis overall after a year, which kind of sucks but that's why this was for "fun", not trying to become a millionaire off cannabis boom.
This post was edited on 10/2/18 at 2:39 pm
Posted by Mizzou
Member since Aug 2011
33 posts
Posted on 10/2/18 at 2:45 pm to
Just got out of IGC at 12.81 today after buying in at 1.56 for $100. Also got out of CRON at 10.71 after buying around 6.00 for $200. I may kick myself down the road, but might buy back in if we see a large correction. It was a fun 2 month ride. Good luck to everyone!
Posted by jimjackandjose
Member since Jun 2011
6631 posts
Posted on 10/2/18 at 3:08 pm to
Who had the idea that Namaste was a good buy under 3 bucks??? Lol we all going broke together
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