re: Let’s talk weed stocks in this thread

I'm not guaranteeing anything, but I'd cut my losses fellas. I just think theres other larger cap stocks that have a better chance then namaste. I have about 400 bucks in it still, took about a 2k in losses total. But when cgc dipped hard last week, I basically asked myself, would I rather have this money in nxttf praying for the very unlikely, or would I rather have it in cgc at 31-32 bucks a share.. I easily chose cgc, and sold 75% of my shares last week on Wednesday.

Think about it, it would have to go up like 300%+ to get back to where most of this board bought in.

At the very least, not seeing that dollar loss amount at the bottom of my portfolio day in and day out next to nxttf ticker has made the last week of trading, much less gut wrenching.

quote:

---

I'm not guaranteeing anything, but I'd cut my losses fellas. I just think theres other larger cap stocks that have a better chance then namaste. I have about 400 bucks in it still, took about a 2k in losses total. But when cgc dipped hard last week, I basically asked myself, would I rather have this money in nxttf praying for the very unlikely, or would I rather have it in cgc at 31-32 bucks a share.. I easily chose cgc, and sold 75% of my shares last week on Wednesday.

Think about it, it would have to go up like 300%+ to get back to where most of this board bought in.

At the very least, not seeing that dollar loss amount at the bottom of my portfolio day in and day out next to nxttf ticker has made the last week of trading, much less gut wrenching.

---

At this point, frick it. I am going to ride it out and see what happens after the Dec 5th deadline for the class action. I have a feeling a lot of this continued downward run, even as Namaste gets new agreements and other business dealings, is due to people looking to get in on the class action. I just can't for the life of me sell it at a 50% loss.

I’m a big Charlottes Web holder.

Does anyone know what's going on with aphria right now? down like 28%; Don't have alot, wondering if this is a buying opportunity.

Aphria execs aren't denying some of the allegations. They're saying "that's how you do weed business in South America" i.e. bribes.

Pair that with a group of short sellers that put out the hit piece on them and you have trouble.

They're playing OTC stock manipulation games with a stock on the NYSE.

Basically you have South American countries doing what South American countries do. You have local 3d world drug cartel dealers doing business like drug dealers. You have scumbag short selling market manipulators acting like short selling market manipulators. You have the NYSE trying to act ethical and protect their stuff. You have the owners of Aphria just trying to do business in this industry.

Flip a coin on this one. As someone who owns Aphria at $14, I'm screwed. (It's at $4.50 at the time of this post) Personally, I don't have enough faith to average down at this point. I'm looking hold and cut my losses as soon as it nears $10.

ETA: To the guys saying "Why not buy more if you think it's going to reach $10 instead of taking losses?". I'm not in a position to buy more at $4.50 at the moment, and I don't know if it'll ever go back up.

I didn't take any profits during the green rush and now stuck holding long on everything. Hoping the possible Altria acquistion of CRON with eventually balance things out some for me.

The market is so weird. Profit margins are being exceeded and share prices are going in the opposite direction.

i'll say this, the penny market seems to be insulated from big board carnage.

mods seem to not like pennies on this board though, so i'll stay quiet for now

CRON is going to fly today.

LINK

Cgc is still a better long term play I think

I actually am about to buy some Altria, not cron... I just read they are now talking with juul about buying them. Looks like they are finally admitting cigarettes are dead and tobacco is not what it once was. Down 22% ytd.