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STZ down 20% already on their CGC "investment". Goddamn send management packing, thats one of the worst allocations of capital I've ever seen. Reeks of desperation and literal retardation.
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Aug 15, 2018 15:46
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greasyhands posted:STZ down 20% already on their CGC "investment". Goddamn send management packing, thats one of the worst allocations of capital I've ever seen. Reeks of desperation and literal retardation. My friend works in the beverage industry, there's a huge fear out there from the beer & spirits guys that weed will take share away, especially from newly coming of age kids (Gen Z?). The craft beer market has been super saturated and stagnant for a bit now. New drinkers are not drinking beer. Weed is a cheaper high/buzz/whatever than beer or spirits. If you think there's an upcoming economic downturn, people aren't gonna be buying the $12 6-pack of craft. Lagunitas has actually already started selling THC infused water.
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Aug 15, 2018 16:01
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I think STZ is making a shrewd play to get involved in the canniboid drink market, which may outright displace alcohol
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Aug 15, 2018 16:04
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M is having a bad day, so much for the retail runup this week.
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Aug 15, 2018 16:06
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hostile apostle posted:Weed is a cheaper high/buzz/whatever than beer or spirits. Where?
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Aug 15, 2018 16:26
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hostile apostle posted:My friend works in the beverage industry, there's a huge fear out there from the beer & spirits guys that weed will take share away, especially from newly coming of age kids (Gen Z?). THC or cbd? CBD beverages are becoming massively popular here in LA. I paid $7.50 for a CBD latte last weekend, it was delicious
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Aug 15, 2018 16:34
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Risky Bisquick posted:I think STZ is making a shrewd play to get involved in the canniboid drink market, which may outright displace alcohol They're paying billions of dollars for a *piece* of a company that essentially does nothing. Growing weed isn't some proprietary science, and CGC hardly has any revenue let alone some kind of market advantage. It's a panic move for the reason hostile apostle pointed out. And these kinds of moves almost always result in capital destruction. It's not an accident constellation is crashing and CGC is trading 20% below the price paid by constellation. It's a loving ludicrous move. greasyhands fucked around with this message at 16:44 on Aug 15, 2018 |
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Aug 15, 2018 16:41
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FreelanceSocialist posted:Where? Any legal state. Forget everything you knew about black market street prices.
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Aug 15, 2018 17:21
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All the money flowed from the rest of the market into weed today lol. A +25% daily move for Canopy is def an overreaction though. I'ma buy a put expecting that to snap back a bit closer to reality tomorrow. edit: 24 Aug $39 put @ 1.25 
The Butcher fucked around with this message at 17:52 on Aug 15, 2018 |
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Aug 15, 2018 17:23
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Certain forms are cheap but the majority of legal weed costs a pretty penny. Prerolled joint for about the same price as a six pack of micro brew. I'd say either hobby costs about the same amount unless you're just using oil (cheap) or only drink at restaurants (expensive)
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Aug 15, 2018 17:25
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A MIRACLE posted:THC or cbd? CBD beverages are becoming massively popular here in LA. I paid $7.50 for a CBD latte last weekend, it was delicious They have two, one with 10mg THC and one with 5mg THC & 5mg CBD. Yea I started seeing CBD poo poo everywhere now. Was in Oregon two weekends ago and CBD stuff was everywhere - from drinks, to various supplements and oils. In SF, the bodegas are just starting to carry the drinks.
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Aug 15, 2018 17:36
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GoGoGadgetChris posted:Certain forms are cheap but the majority of legal weed costs a pretty penny. Prerolled joint for about the same price as a six pack of micro brew. I don't think the beverage companies are concerned about the joints. I don't think smoking will take off. It's other packaged forms like drinks or edibles that make it much more approachable to newbs.
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Aug 15, 2018 17:42
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GoGoGadgetChris posted:Certain forms are cheap but the majority of legal weed costs a pretty penny. Prerolled joint for about the same price as a six pack of micro brew. This isn't true anymore now in WA by the way. Cost of weed has been and continues to drop and you don't have to buy bottom shelf quality to save on price. lol I can even preorder online, that 1g preroll for $5 is their mid-top shelf brand  The other forms of consumption have not dropped AS much in price as flower has but they are still dropping, 10mg drinks are ~$5
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Aug 15, 2018 17:54
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Harry Potter on Ice posted:This isn't true anymore now in WA by the way. Cost of weed has been and continues to drop and you don't have to buy bottom shelf quality to save on price. Wow even better deal for the 6 pack of three grammers. I can get a 4 pack of hop heavy microbrew for $10, eighteen grams of dope in six j's for $25 seems like a better deal. - me, a millenial. Also wow everything is red today.
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Aug 15, 2018 18:03
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EAT FASTER!!!!!! posted:
Not ARYC 
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Aug 15, 2018 18:04
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EAT FASTER!!!!!! posted:Wow even better deal for the 6 pack of three grammers. I can get a 4 pack of hop heavy microbrew for $10, eighteen grams of dope in six j's for $25 seems like a better deal. - me, a millenial. ????
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Aug 15, 2018 18:10
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In that picture posted it shows 6 packs of 3 gram joints for $25, which I thought was a good deal. Also all the markets are down today, and my Chinese tech stocks I picked up to be cute when they dropped last week are e a t i n g s h i t.
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Aug 15, 2018 18:13
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Aug 15, 2018 18:14
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I'm still furious with Vanguard who didn't approve me for options trading in enough time to buy the puts to eat Elon's lunch on this bullshit.
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Aug 15, 2018 18:15
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EAT FASTER!!!!!! posted:In that picture posted it shows 6 packs of 3 gram joints for $25, which I thought was a good deal. oh yea.. I didn't know if you were actually confused or mocking me but its a 6pack of 1/2 gram joints for $25 aka 3 grams
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Aug 15, 2018 18:18
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Oooh where do you get that view?
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Aug 15, 2018 18:42
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https://finviz.com/map.ashx
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Aug 15, 2018 18:43
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Bought Ford 10 puts on Monday with a Jan expiration. Guessing this will give me enough breathing room for it to continue to trickle down.
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Aug 15, 2018 18:49
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Harry Potter on Ice posted:oh yea.. I didn't know if you were actually confused or mocking me but its a 6pack of 1/2 gram joints for $25 aka 3 grams I was confused. I thought it was 3 gram joints, so a total of 18 g. My mistake!
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Aug 15, 2018 19:03
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Less Fat Luke posted:Oooh where do you get that view? Maps on finviz
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Aug 15, 2018 19:12
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Pre-rolls will of course carry a premium for the convenience of packaging, but a single J will also get several non-pothead people adequately buzzed. Here in Washington, eighths of mid-shelf bud are like $20-25 and ounces like $150. You can get ounces of shake for well under $100. Low grade grams are under $5. Prices just keep coming down as economies of scale and competition ramp up. Vapes, edibles, and other non-smoke alternatives are getting cheaper and more popular, too. Turns out weed is real fuckin' cheap, even after high sin taxes, when you don't have blackmarket risk priced in. Also most people are going to be plenty satisfied with cheaper, lower grade/concentration stuff. Just look at the popularity of cheap beers. Most people don't buy the fancy top shelf stuff.
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Aug 15, 2018 19:22
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That's just the combustible product, edibles and beverages will diversify the portfolio to bring in the 
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Aug 15, 2018 19:31
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At some point it will be considered an agricultural commodity like hops and the money will be in the value-added products.
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Aug 15, 2018 19:38
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 futures 
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Aug 15, 2018 19:39
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SMG
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Aug 15, 2018 19:39
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Guinness posted:Turns out weed is real fuckin' cheap, even after high sin taxes, when you don't have blackmarket risk priced in. Also most people are going to be plenty satisfied with cheaper, lower grade/concentration stuff. Just look at the popularity of cheap beers. Most people don't buy the fancy top shelf stuff.
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Aug 15, 2018 19:48
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Buying Aug 24 csco 42 puts
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Aug 15, 2018 20:08
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Holy smokes. I think it's time for a trailing stop or something.
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Aug 15, 2018 20:12
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greasyhands posted:Buying Aug 24 csco 42 puts Oh, I’m curious. What’s the thesis?
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Aug 15, 2018 20:26
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Rastor posted:This is not an investing thread, this is a trading thread. Both have the goal of maximizing return on capital, the difference is how much risk you are willing to take to achieve your return. Risk is the element that is constantly thrown out the window in this thread and is in my opinion one of the most important thing to any investing or trading strategy. Index fund investing is the preferred way of providing the highest return for the lowest amount of associated risk. Index funds reduce idiosyncratic risks of individual stocks and exposes you to only the systematic risk. However the flip side of this is that your idiosyncratic returns are also muted. If I put all my money into AAPL and AMZN twenty years ago I would have greatly exceeded the return of practically any index. However, the associated risk I took in that investment would also exceed the index by a greater factor. Trading individual stocks, options or other riskier assets is still investing, it is just that you have chosen to take a higher level of risk for the chance of a higher, and most likely shorter term return. That fact that index investing is usually the best option for most investment goals does not mean it is the only strategy. Discussing risk management strategies, portfolio theory, valuation methods, the pitfalls of market timing, hedging or other topics are just as viable here as their are in the long term investment thread. When one says their investment cash in this thread is "funny money", it means that they are more comfortable taking risks with it versus their other savings or capital. It is still money. In summary, dismissing legitimate critiques of an investment thesis because "YOLO GAMBLING THREAD!!" is more of an indication on why some people shouldn't be "gambling" on stocks.
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Aug 15, 2018 20:52
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Um actually Vanguard tells me that my index funds are 4 Risk. There's even a 5 Risk!
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Aug 15, 2018 21:01
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Cheesemaster200 posted:Both have the goal of maximizing return on capital, the difference is how much risk you are willing to take to achieve your return. Risk is the element that is constantly thrown out the window in this thread and is in my opinion one of the most important thing to any investing or trading strategy. Dwight Eisenhower being all "you guys are dumb dumbs if you do anything but low-cost index investing" was never a "legitimate critique of an investment thesis" to begin with. I never said risk management strategies, portfolio theory, valuation methods, the pitfalls of market timing, hedging or other topics should not be discussed here. I DID say that people who want to do low-cost index investing should head over to the long-term investment thread, and I stand by that.
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Aug 15, 2018 21:12
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greasyhands posted:Buying Aug 24 csco 42 puts Dude. Cisco looks good. I can’t own it personally but my firms been long for a while. IT spend sounds good all around fougera fucked around with this message at 21:16 on Aug 15, 2018 |
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Aug 15, 2018 21:14
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Agronox posted:Oh, I’m curious. What’s the thesis? Everything is expensive and market is getting weak, CSCO will be boring inline crap. Not working so far. fougera posted:Dude. Cisco looks good. Its a valuation and market sentiment gamble. CSCO is fine. Expensive, but fine. greasyhands fucked around with this message at 21:19 on Aug 15, 2018 |
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Aug 15, 2018 21:14
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Got it. Any reason not just QQQ or something broader? (or the future, whose symbol I don’t remember)
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Aug 15, 2018 21:32
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