re: Let’s talk weed stocks in this thread

When you set the limit you can disable partial fills if you want. It just makes filling large orders difficult. You can also keep the order open for different periods of time if you only get a partial.

It got really close to $.013 just didn’t quite make it all the way

Nice. Kind of odd for them to tweet on a football playoff Sunday when no one is paying attention. Though 4 tweets in a week is a good sign that they are going to ramp up the promotion.

Regarding LVVV

quote:

---

I have an sell order in for 20k shares at 0.06. I'm hoping once that hits, a week later it will settle back down so I can buy back in but with more shares.

---

I think that's the right way to do it rowbear, sell partial on the way up, then buy back in on the dips. There will always be people cashing out on the way up. It makes sense, you buy at .02, if it's a .06 you've tripled your money. You'd be stupid not to sell at least some of it. Everyone will be thinking this way.

Personally, I don't think it'll ever see the teens again. I think that was a one time deal due to the end of year Canadian tax sell off. We may see mid to lower 2's this week, maybe again in March, but after that we *should* see a slow and steady increase.

Walletinvestor.com projects LVVV being at 1.87 by the end of the year before settling back down to .76 in 5 years. If either of those came true, I'd be a very happy person.

quote:

---

I dont see it getting to 10 without becoming a major player nationally for weed sales. Basically a household known brand.
If that 1.87 happens, we should all be ecstatic

---

Oh, I definitely do not expect it to ever get there, but it's nice to dream. As it starts to accelerate quickly, I'll raise stop losses along the way. If it gets to $1.87 as mentioned, I'll have a stop loss at $1.50 as soon as it's over $1.75 so if it does then drop back down below $1, I'll be sitting pretty to either buy back in or move the money elsewhere.

What makes you say it’s risky?

The fact that they have no sales yet. I agree, it's great that they got their license and they're in the process of growing. Everything I've read about the company makes me feel good about them. I enjoy scrolling through their twitter to see how they conduct themselves and I'm impressed.

However, who are they going to sell to when their product is grown? Do they have customers in place already? There's A LOT of competition in California since State-licensed sales of recreational marijuana began a year ago. They estimated 6,000 shops would be opened within the first few years but they've only issued 547 temporary licenses in the first year. Legal cannabis sales were actually down $500M in 2018 vs 2017.


Not only are they up against other emerging marijuana companies they also have to contend with black-market competitors who are not subject to those same regulations or to state and local taxes. "Because we are up against high taxes and the proliferation of illegal shops, it is difficult right now," the owner of a pot shop in Wilmington told the L.A. Times. "We expected lines out of our doors, but unfortunately the underground market was already conducting commercial cannabis activity and [is] continuing to do so."

It's one thing to set up your company and have a vision/roadmap for it. It's another to execute. We're
basically betting on Livewire to lock down customers amidst all the competition. I think it's wise to acknowledge that it's just a bet. I think that's what makes this risky.

Even though I know the risks, I'm still investing in LVVV, I'm just not taking out a 2nd mortgage to do so.

I think something like this is what everyone is wishing for:

quote:

---

Gateway Industries
Gateway Industries is a success story spawned by a black swan event. Gateway Industries "provides database management services and Website design and maintenance for national not-for profit, healthcare and publishing entities." The company traded for 1 cent a share and was not known to be an extraordinary firm, even within the penny stock market. The company had one employee, its CEO, Jack Howard, and did not seem to be particularly special.

However, on Feb. 11, 2011, it was announced that Robert F.X. Sillerman would be acquiring Gateway Industries. The announcement was completely unexpected. Robert F.X. Sillerman, a world famous media entrepreneur, needed a company such as Gateway Industries to fulfill his vision of facilitating interaction between television viewers and shows. The effect was instantaneous: Gateway Industries' stock immediately jumped over 20,000% to $2.97 a share, a move based on Sillerman's reputation alone. Sillerman then consolidated Gateway Industries with a handful of other firms to create his start-up firm, Viggle Inc.

---

I'd also like to add this tidbit:

"In Colorado and Washington licensed sales soared after legalization. One crucial difference with California is its massive surplus — the state produces far more pot than it can consume.

The most recent official estimates of California’s cannabis production, a report published a year ago by the California Department of Food and Agriculture, showed the state producing as much as 15.5 million pounds of cannabis and consuming just 2.5 million pounds.

Supporters of legalization long ago acknowledged the problems of California’s surplus and said it would take years to address."


Compare this to Canada where their supply is lower than their demand. Some of the top dogs in Canada are ramping up their supply (CGC,CRON,etc) and I fully expect to see their stock rise this year with confidence. The problem is you won't get any crazy returns with them. You'll get sustained growth if that's what you're looking for.

I haven't decided to invest in LVVV or not. I'm just afraid the market is over-saturated in California right now and LVVV's price is propped up by the "hope" they will someday be the one who can sell. Can anyone with more knowledge into the company like TigrDad address any of these concerns?