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re: Let’s talk weed stocks in this thread
Posted on 12/17/18 at 8:04 pm to quail man
Posted on 12/17/18 at 8:04 pm to quail man
quote:
Alright I’ve been lurking here long enough. About to put some money in this stock. Enough to not kick myself if this shite goes through the roof one day but also enough not to care if I lose it.
I envy the guys who are just jumping on board and get to snatch it up at these prices.
0
Posted on 12/17/18 at 8:12 pm to TigrrrDad
quote:
I don’t keep money in my TDAm account. By the time I get money transferred I keep missing the dips.
Same here. I don't understand why the transfers take a couple of days to TDA after going through linking and verifying bank account.
Posted on 12/17/18 at 8:18 pm to Major Dutch Schaefer
Lately mine have been hitting my account the next morning, as opposed to taking a few days back when I first opened it, but still that next day can cost you in share price. The other reason I don’t have money in the account is because I keep saying I’m done buying. 
Posted on 12/18/18 at 6:05 am to TigrrrDad
quote:
Lately mine have been hitting my account the next morning, as opposed to taking a few days back when I first opened it, but still that next day can cost you in share price. The other reason I don’t have money in the account is because I keep saying I’m done buying.
With Fidelity, they allow you to use the transfer immediately. It's how I was able to grab 25k shares yesterday.
Posted on 12/18/18 at 9:31 am to rowbear1922
Just grabbed 25,000 at .021. Holding out for now waiting to see if I can get the other 25K in the teens. 
Hope the bloodbath continues for a little while. Trying to get my older son to throw $500 at it. He said he doesn’t have any money to invest, but a couple days ago he was trying to buy a used dirtbike for $1,800. Told him just buy the stock instead and next year he can buy a Ducati.
Hope the bloodbath continues for a little while. Trying to get my older son to throw $500 at it. He said he doesn’t have any money to invest, but a couple days ago he was trying to buy a used dirtbike for $1,800. Told him just buy the stock instead and next year he can buy a Ducati.This post was edited on 12/18/18 at 9:35 am
Posted on 12/18/18 at 9:41 am to TigrrrDad
Only downside with having lots of money in these weed stocks is literally watching one moment you are down $2-3k then the next up $2-3k all in 5 minutes.
Posted on 12/18/18 at 10:14 am to rowbear1922
Yeah if I was investing in this because I got a tip from someone but didn’t know anything about the company, I’d have bailed a long time ago, or at least cashed out when it made the run over .06. Since my eye has always been on the summer of ‘19, I am able to ignore the dips, or use them to drop my average pps down.
Posted on 12/18/18 at 10:33 am to TigrrrDad
TigrrDad, you're not the least bit nervous at all that the price of the stock is almost as close to zero as it can possibly get? We're talking less than 2 cents a share here...
Posted on 12/18/18 at 10:37 am to TigrrrDad
quote:
I am able to ignore the dips, or use them to drop my average pps down.
Yes, you are lowering your average price per share but you are also increasing your invested capital with each of those buys.
Posted on 12/18/18 at 10:58 am to BitBuster
Keep in mind that this stock started in the triple 0s. When my kid got his shares before it made the run over .08, it was around .001. I believe they have a solid business plan, and everything that needs to happen is happening. I know I’ve mentioned that when they got their distribution license around October, it was one of only 400 issued to that point. They just got their tax permit a day ago so they can now put that distribution license to work. I just read an article yesterday that by mid-2018, only 1% of California cannabis companies were operating legally with all proper licenses.
The part of the business I like is the clone sales. They have a very nice property in Paso Robles with a LOT of square footage for that operation. They just passed the Agricultural committee approval with a very high recommendation. They should be on the SLO planning commssion docket on the second Tuesday of January to get that county cultivation permit, which will then allow them to build out those buildings to operate as nurseries. A state cultivation license will happen quickly after the SLO county permit is in hand.
So by next summer, they’ll be one of a relatively small number of companies with cultivation and distribution licenses, and should have a pretty large clone sales operation going, which can put revenue in the millions monthly. Either the share price will have taken off like a rocket at that point or a large company will buy them out for a healthy price per share. I just don’t see any way this doesn’t happen.
Right now any large share price increases have been largely speculation. The run to .08 was when they got their Coachella permit. The run to .06 was when they got their state distribution license. But at some point in 2019, the price will be driven by actual revenues. If that happens and the price still drops, then I’ll worry. Until then, every dip is a buying opportunity. I’d love for it to drop back to 00s at this point.
ETA: And keep in mind that they haven’t really started giving this stock any push yet. There are occasional tweets and the rare press release, but they could be pumping this hard to drive price. But the uplist is happening any day now (all audits and applications have been filed), and I think they are waiting until after that is official. But eventually, with everything happening on the horizon, press releases and news will also start driving this thing. CEO Bill Hodson just acquired another 40 million shares of common stock, so he won’t let this drop forever.
The part of the business I like is the clone sales. They have a very nice property in Paso Robles with a LOT of square footage for that operation. They just passed the Agricultural committee approval with a very high recommendation. They should be on the SLO planning commssion docket on the second Tuesday of January to get that county cultivation permit, which will then allow them to build out those buildings to operate as nurseries. A state cultivation license will happen quickly after the SLO county permit is in hand.
So by next summer, they’ll be one of a relatively small number of companies with cultivation and distribution licenses, and should have a pretty large clone sales operation going, which can put revenue in the millions monthly. Either the share price will have taken off like a rocket at that point or a large company will buy them out for a healthy price per share. I just don’t see any way this doesn’t happen.
Right now any large share price increases have been largely speculation. The run to .08 was when they got their Coachella permit. The run to .06 was when they got their state distribution license. But at some point in 2019, the price will be driven by actual revenues. If that happens and the price still drops, then I’ll worry. Until then, every dip is a buying opportunity. I’d love for it to drop back to 00s at this point.
ETA: And keep in mind that they haven’t really started giving this stock any push yet. There are occasional tweets and the rare press release, but they could be pumping this hard to drive price. But the uplist is happening any day now (all audits and applications have been filed), and I think they are waiting until after that is official. But eventually, with everything happening on the horizon, press releases and news will also start driving this thing. CEO Bill Hodson just acquired another 40 million shares of common stock, so he won’t let this drop forever.
This post was edited on 12/18/18 at 11:13 am
Posted on 12/18/18 at 11:04 am to lynxcat
quote:
but you are also increasing your invested capital with each of those buys
What’s another fart when you’ve already shite your pants?
This post was edited on 12/18/18 at 11:10 am
Posted on 12/18/18 at 2:17 pm to TigrrrDad
NXTTF down big again today. On its way to $0.
Down another 8% today. I'm caught between not caring anymore and just letting it ride versus selling it this year and using my losses to offset my federal income taxes.
Update: Down -18% today...down to $0.63.
Down another 8% today. I'm caught between not caring anymore and just letting it ride versus selling it this year and using my losses to offset my federal income taxes.
Update: Down -18% today...down to $0.63.
This post was edited on 12/20/18 at 1:07 pm
Posted on 12/20/18 at 12:55 pm to TigrrrDad
LVVV dropped to .017 so far today, but good news on the horizon. Grab’em while they’re cheap.
Posted on 12/20/18 at 1:20 pm to TigrrrDad
quote:
LVVV dropped to .017 so far today, but good news on the horizon. Grab’em while they’re cheap.
I'm hoping the Farm bill being signed in 10 minutes will bump up some of my other stocks in the sector.
For those that aren't aware, the Farm Bill legalizes hemp. Lots of companies, like CWEB, GTII, ACRG stand to gain. But this can be a sell the news day too.
Posted on 12/20/18 at 8:51 pm to TigrrrDad
If LVVV gets the permit and then the otc, it will go
If they don’t get this permit, guessing we bust
If they don’t get this permit, guessing we bust
Posted on 12/20/18 at 8:59 pm to jimjackandjose
Not getting this permit would be bad, but I think it’s practically a formality. They just passed the Agricultural commission meeting with high recommendations. Would be a major surprise to not get the permit.
Someone is dumping a ton of shares right now and taking whatever they can get. Almost 400,000 shares were sold in the first half hour this morning, all at the same ask, and they took whatever the bid was on all of the sales.
Someone is dumping a ton of shares right now and taking whatever they can get. Almost 400,000 shares were sold in the first half hour this morning, all at the same ask, and they took whatever the bid was on all of the sales.
This post was edited on 12/20/18 at 9:21 pm
Posted on 12/21/18 at 8:53 am to TigrrrDad
Strange to be dumping right now unless they just got unrestricted and they are taking profits
Posted on 12/21/18 at 9:28 am to jimjackandjose
The whole sector is very red. One theory is that it's Canadians have 1 more week to actualize losses before the Dec 27 deadline. Another theory is that the whole sector is being shorted on purpose.
Posted on 12/21/18 at 10:27 am to jimjackandjose
quote:
unless they just got unrestricted and they are taking profits
It has to be this.
Posted on 12/21/18 at 5:07 pm to TigrrrDad
Someone dumped around 1,000,000 shares of LVVV in a two minute span this evening for between .018 - .0138. Speechless. Stop loss kicking in?
All I want for Christmas is some double 00s.
All I want for Christmas is some double 00s.
This post was edited on 12/21/18 at 5:10 pm
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