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Started By
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Weed Investments Outlook/Strategy
Posted on 10/15/18 at 8:10 am
Posted on 10/15/18 at 8:10 am
Hello, new investor here.
I'm curious as far as what everyone's overall strategy is for weed investments.
I realize that there is already a thread for discussing individual weed stocks here.
This thread isn't about individual stocks, it's about overall strategy.
I think we can all agree that weed is the next gold rush, the next "new" market. I think we can all agree that we will see some sort of US federal deregulation or legalization in place in the near future.
I think we're looking at another 90's dot com type scenario where a lot of companies rush to market, pull in a lot of investment, then fall out to bankruptcy because of bad business planning or get absorbed into a bigger company.
I think the Canadian market will be a global leader at first, and maybe some of the stocks are already overvalued.
Is it time to get out of Canadian companies and start investing in US companies?
Is the Canadian market going to pop or is it just getting started?
What types of stocks are you avoiding? Any tell tale signs that the company isn't legit?
What's your strategy for this coming green rush?
I'm curious as far as what everyone's overall strategy is for weed investments.
I realize that there is already a thread for discussing individual weed stocks here.
This thread isn't about individual stocks, it's about overall strategy.
I think we can all agree that weed is the next gold rush, the next "new" market. I think we can all agree that we will see some sort of US federal deregulation or legalization in place in the near future.
I think we're looking at another 90's dot com type scenario where a lot of companies rush to market, pull in a lot of investment, then fall out to bankruptcy because of bad business planning or get absorbed into a bigger company.
I think the Canadian market will be a global leader at first, and maybe some of the stocks are already overvalued.
Is it time to get out of Canadian companies and start investing in US companies?
Is the Canadian market going to pop or is it just getting started?
What types of stocks are you avoiding? Any tell tale signs that the company isn't legit?
What's your strategy for this coming green rush?
9
Posted on 10/15/18 at 8:20 am to BitBuster
There’s a big thread a few post down on this topic
Posted on 10/15/18 at 8:31 am to ellishughtiger
The weed stocks thread? I've already read that one. Most of that thread is about day trading individual stocks, not overall strategy. There's some of that in there, but the focus there seems to be more short term.
Posted on 10/15/18 at 8:56 am to BitBuster
You could ask this in the other thread. This has been discussed a little in there already regarding overvalue and the Canadian market pre and post Oct. 17th.
Posted on 10/15/18 at 9:49 am to BitBuster
quote:
I think the Canadian market will be a global leader at first, and maybe some of the stocks are already overvalued
No doubt about this. A company with 8- figure losses in a single quarter hitting a $20+ billion cap, another with zero revenues hitting $7 billion...Tilray ran from $150 to $300/share in a matter of hours then dropped below $150 in a few days if I recall - crazy stuff happening.
quote:
Is it time to get out of Canadian companies and start investing in US companies?
After Canada’s recreational legalization in a couple days, many are expecting Canadian investors to hit the American stocks heavily.
This post was edited on 10/15/18 at 9:53 am
Posted on 10/15/18 at 10:19 am to BitBuster
I am invested in ACBFF. It’s the second largest Canadian company behind CGC, whose stock is just too pricy right now to purchase. They just bought another big company from South America recently and are planning on listing on the NYSE in the next few weeks, as well as getting into some other ventures such as Canabos Oil cosmetics. To me it’s a conservative weed stock investment.
I think some of these bigger Canadian companies will be so much more experienced with wholesale growth that will be able to offer a more competitive price to domestic retailers for at least a few years.
My buddy is more of a pennny stock guy. He’ll buy stock in like 30 companies and if one hits it big he can lose on 29 and still quadruple his money in the long run. I just don’t keep up with all of them enough to do that.
I think some of these bigger Canadian companies will be so much more experienced with wholesale growth that will be able to offer a more competitive price to domestic retailers for at least a few years.
My buddy is more of a pennny stock guy. He’ll buy stock in like 30 companies and if one hits it big he can lose on 29 and still quadruple his money in the long run. I just don’t keep up with all of them enough to do that.
Posted on 10/15/18 at 8:40 pm to BitBuster
The value of Canada legalizing weed on Wednesday is more than built into the price already. I'll be watching closely...may sell all then and take the profits.
Posted on 10/15/18 at 8:50 pm to BitBuster
Outlook: Good
Strategy: Hope I picked good stocks
Strategy: Hope I picked good stocks
Posted on 10/15/18 at 8:58 pm to arkiebrian
quote:
The value of Canada legalizing weed on Wednesday is more than built into the price already. I'll be watching closely...may sell all then and take the profits.
Legalization may be built in but supply/demand is unknown post legalization
Posted on 10/15/18 at 9:11 pm to BitBuster
The easiest strategy is invest in MJ and let it ride. The top 10 holdings gets you exposure to the biggest cannabis players with about 60% of its holdings. It has another 40 or so holdings making up the rest of the $750M AUM.
This ETF lets you invest in the “green rush” overall. Outside of the stocks included here, you can then selectively choose smaller cannabis stocks that appeal to you or you can increase your position in a larger cannabis company.
I’m about 70% MJ and 30% individual stocks.
This ETF lets you invest in the “green rush” overall. Outside of the stocks included here, you can then selectively choose smaller cannabis stocks that appeal to you or you can increase your position in a larger cannabis company.
I’m about 70% MJ and 30% individual stocks.
This post was edited on 10/15/18 at 10:20 pm
Posted on 10/16/18 at 1:26 pm to BitBuster
when the bill actually passed in canada the stocks lost half their value, im feeling it's going to happen again when the law takes into effect here soon
Posted on 10/16/18 at 2:07 pm to DVinBR
quote:
when the bill actually passed in canada the stocks lost half their value, im feeling it's going to happen again when the law takes into effect here soon
You think that the US legalizing will cause cannabis stocks to lose half their value? Can you explain this theory?
Posted on 10/16/18 at 4:29 pm to lynxcat
quote:
I’m about 70% MJ and 30% individual stocks.
This will be my position by Monday.
Seems to be the safest play at this point.
Posted on 10/16/18 at 5:25 pm to lynxcat
quote:
You think that the US legalizing will cause cannabis stocks to lose half their value? Can you explain this theory?
I think he means on October 17th when the Canadian Law actually takes effect.
Posted on 10/17/18 at 10:32 am to BitBuster
As we all know today (October 17, 2018) is the first day of legal cannabis in Canada!
1. I don't think you need to worry about a bubble in "pot" stocks when Amazon and Netflix trade at multiples north of 150x.
2. Before any idiot claims the stock market is overbought, they are just simply wrong. The 12-Month forward PE of the SAP500 is 16.5, which is right on the historical average.
3. Avoid Penny Stocks
4. With the run up these "pot" stocks have had all the near-term money will be made in shorts.
The quick money on these Canadian pot stocks unfortunately (what I believe) has already been made. If you are a long term investor look for the growth opportunity here in the United States. Look for large companies who have invested interest to lead the way here such as Anheuser Busch (BUD) or Constellation Beverage (STZ). The large Alcohol players here in the US will be looking to go green, due to declining sales.(They have made strategic acquisitions to ready themselves for this)
One last thing to remember in a speculative industry like this one it's really about getting lucky which is why I would recommend sticking to the blue chips as stated above for the optimal return with the least amount of volatility.
Hope this helps
1. I don't think you need to worry about a bubble in "pot" stocks when Amazon and Netflix trade at multiples north of 150x.
2. Before any idiot claims the stock market is overbought, they are just simply wrong. The 12-Month forward PE of the SAP500 is 16.5, which is right on the historical average.
3. Avoid Penny Stocks
4. With the run up these "pot" stocks have had all the near-term money will be made in shorts.
The quick money on these Canadian pot stocks unfortunately (what I believe) has already been made. If you are a long term investor look for the growth opportunity here in the United States. Look for large companies who have invested interest to lead the way here such as Anheuser Busch (BUD) or Constellation Beverage (STZ). The large Alcohol players here in the US will be looking to go green, due to declining sales.(They have made strategic acquisitions to ready themselves for this)
One last thing to remember in a speculative industry like this one it's really about getting lucky which is why I would recommend sticking to the blue chips as stated above for the optimal return with the least amount of volatility.
Hope this helps
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