Discussion in 'Cannabis News and Activism' started by TwistedGray, Jan 13, 2017.
I hear you @overvaped ... my stocks are not doing well at all, but probably a good time to buy
Fortune favours the brave, so whilst it has been a bad week for green stocks it is also a buying opportunity for the bolder investor
Son of a dick, REGN just rocketed!!! I'm pounding my head into the tablet now!!!!
There is the Emerging Agrosphere ETF. It is a bunch of different companies and I do not believe it is approved yet.
I think most the cannabis stocks are overvalued and pretty much hype. Historically, almost all penny stocks go to $0.00 in the long run. The only people I have seen win with penny stocks are active traders who get out.
Bumpy ride at present but keeping the faith...
Yeah, it's been a painful few weeks, so just kinda sitting back and not really enjoying watching my stock
Classic pointless phrase often trotted out at times like this....
Long term fundamentals remain intact!
Up a little today anyway
Was nice to wake up to that...a ways to go to reach net $0 for me.
Haven't posted here in a while, but I dumped my GWPH stock today.
I took a little loss, but I jumped on the INSY bandwagon now that they got hit the lawsuit. Perhaps the stock will drop another $2-3, but I think it'll be back up to $12-15 in the next 1-3 months. They're also forecasted to drop a bit further when they release earnings next month.
My CNBX stock is still garbage...not sure if that one will ever rebound. Unfortunately I have just over $700 wrapped into that, and it's worth about $215 right now. Doh!
What a great time it is to be alive! I put this in the investing thread because I'd look to the companies that hire such grads for a good investment.
But the Northern Michigan University program is unique, mixing chemistry, biology, botany, horticulture, marketing and finance in a four-year program that began this semester. The first class has a dozen students, but Mark Paulsen, director of the university’s chemistry department, expects that number to grow quickly.
They're just under $8 now, so would be a good time to buy ... I think (Re: INSY).
These 6 Stocks Make Up 58% of the First-Ever Marijuana ETFs Holdings......
Well fuckity fuck fuck ... Founder of INSY was arrested on charges of racketeering, corruption and fraud. The stock took a major dive which sucks royal donkey dick. https://seekingalpha.com/article/4117214-insys-founder-arrest-profound-impact-stock-long-term
Well, after losing several thousand (more than half my investments) in cannabis stock I am pulling the plug for now. If I can ever re-coop the losses, I'll be back in it again, but until then good luck guys and gals. 2017 was clearly NOT the year of cannabis, lol.
GW Pharmaceuticals Is No Longer the Largest Pure-Play Marijuana Stock
I've got a couple that have gone through the roof - BLOZF and CANN. Been sitting on both for about 18 months and they are now showing 1200-1500% gains. Don't know if it's directly tied to Cali's move to legal cannabis or not but most of the gain has been in the last couple days...
If you have most of your gains in the last couple of days, you might consider selling. There is no way any real business is worth 12 to 15 times what it was in a couple of days unless there is something unique and new involved. (Patent granted, medicine proven, etc.) Unless the "something" is directly related to the bottom line and you have the numbers to show it, that rise is speculation.
I'd take the profit.
@OldNewbie I've considered it for sure, but I'm going to hold them. These two came onto my radar in 2014 (CANN is actually down 40% from it's price then) and I waited a couple years to actually buy at very low cost. There have been a couple times since then that I've kicked myself (in retrospect) for not selling - but I feel like there's still some left in the tank. I've got a couple others that are not performing nearly as well that will probably churn at the first sign of profit.
And of course, I looked back at the stocks I took a loss on and they're excelling. I hope that I have learned some lesson throughout this ... maybe stocks aren't for me, lol.
God, I hope I'm not spamming. I saw this on the Internet, so it must be true.....
3 Marijuana ETFs That Will Have a Huge 2018
In the world of exchange-traded funds (ETFs), the most widely anticipated products are those related to cryptocurrencies and marijuana stocks. Investors will be waiting awhile for digital currency ETFs as regulators recently rebuffed plans for such funds. Fortunately, marijuana ETFs are not encountering the same resistance.
Keep your damn Wall Street outta my cannabis!!
This is a good topic, i'm going to research a little bit more on this
Why not? Don't you want the industry to grow?
Wall Street is about putting investors and industry members together. There's going to have to be some capital invested to create a product that is safe (tested, no pesticides, no etc.) and available to all who want or need it. Without a Wall Street, only the guy who knows the guy can even talk to the guys to bring them together to refine, grow, bake or whatever they want to do with cannabis.
The particular article regarding ETF might point to those trying to solve the banking problem by using blockchain.
Wall Steet has ZERO to do with "safe(tested, no pesticides. no.etc.)" cannabis. The Colorado Marijuana Enforcement Division has done that with absolutely NO input from the money monkeys from New York. None.
Tight regulations and rules(also enforcing those rules across the board) are what governs the cannabis market in Colo. Also, Wall Street hates regulation, pretty sure that's very well known sentiment.
Do I want the industry to grow?? LoL
Please see sales data from just last 4 years. The industry has effin flourished beyond most folks wildest dreams.
Official Colorado sales data
2014: $683.52 million
2015: $995.59 million
2016: $1.31 billion
2017 (January to October): $1.26 billion
Total: $4.25 billion
Unofficial sales data calculated by The Cannabist
2014: $699.2 million
2015: $996.18 million
2016: $1.31 billion
2017 (January to October): $1.28 billion
Total $4.29 billion
Many of the "WAL-Mart"(aka,the big money grows) of weed companies have been the ones who have been busted for using banned pesticides(some many times). Maybe because profit-over-everything-else mentality isn't the best way to grow the industry that I have been involved with since 2014.
Making the Wall Street is needed to get everyone access who wants it to safe teseted Cannabis is......
Colorado is not the market. Being the first brings in money from every guy who knows a guy. You can't small-ball the way to a national market.
We want Wall Street in the game. Once the pension funds get in, scheduling is dead. Once individual investors who are of the type to not live on the edge get in, scheduling is dead.
Follow the money. Cannabis will be frowned upon by society as long as it is some secret industry where only those with the "nod" can get in. When everyone owns a piece...
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