re: Let’s talk weed stocks in this thread

You think we’ve seen the bottom?

Myself. That's the problem with Penny stocks.

I can’t wait to see it all unfold. It’s going to be a great year

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TigrrrDad

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What is your target to sell all your shares?

ETA: How will you know if it hits $2 it's on it's way to $2.50 and not $1?

ETA: Nvm

It all depends on what news or happenings are driving the rise. Pretty much all of tge ones that have skyrocketed up have pretty quickly fallen back to half of their peak. What makes me even happier than being able to drop my average from .041 down to .031 is that I now have enough shares to play with.

I’ll hold onto 100,000 for the long haul, i.e. several dollars/share. If it hit $1.00 and wasn’t still rising rapidly, I’d sell at least 100,000. I’ll probably sell 100,000 in the short run just to recoup my investment and be riding freebies. The other 100,000, who knows.

But if it hits $1.00 and I’m not sure which direction it’s going, I’d set a stop loss in that range for 100-200,000 shares.

Yeah that sudden jump fron .016 to .019 came out of nowhere, and even more surprisingly, it held up for over a few dozen trades.

I was lucky to grab around 100K mid-teens this week, whereas I usually get stuck buying at the day’s high. Be interesting to see if Monday continues this upward trend. I think the tax sell off may be done. Still, around .02 is a bargain.

Here’s some updated info on LVVV from StockWatch:

• Obtained cultivation/nursery and distribution permits from the city of Coachella, California

• Applied for permits at two more CA locations

• Approved for CA State distribution license from the California Bureau of Cannabis Control

• Acquired two minority equity positions and has entered master distribution agreements with three well established cannabis development and distribution companies

• Installed the first of four state-of-the-art self-contained production PODs at its California facility (Coachella)

• Entered development agreements with experts in plant genetics and modern horticulture technology with 25 years of experience in the cannabis industry

• Exploring and developing new advances in cloning techniques such as tissue culture cultivation, safety processes, dosage and efficacy of various combinations of CBD/THC and terpene profiles

• Expansion into the sports and cosmetics markets for CBD or THC infused products (and signed tennis legend Jimmy Connors as spokesman/consultant)

• Developing a proprietary “7xPure Compliance & Dosage Verification System” to become the industry “Gold Standard”. Accepted by the city of Coachella as official application system for CUP applicants

• Researching and reviewing potential acquisition targets and strategic alliances

No one hopes I’m right more than I do.

I initially planned on just throwing $500 at this stock because my kid had his deal with them and had his 250K shares. I was even telling people initially, “Take a flyer on it, but don’t go wild and dump $10,000 into it.” But the more I followed the company and read about their plans, the more I believed in them. Now I’m over $12,500 into it. I just don’t see them failing. There are issues on occasion, delays have become expected, and the company does not keep investors as informed as it should, but I believe they will be successful.