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hostile apostle posted:Weed stocks taking a beating today (-10% for many) with Canada legalization going through. The stupid axiom is buy on the rumor, sell on the news. I'm unfamiliar with how Canadian exchanges and reporting works. Will they have to release quarterly reports that might kill this bubble? I mean, the valuations are nowhere near where they should be.
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Oct 17, 2018 15:27
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Oscar Wild posted:The stupid axiom is buy on the rumor, sell on the news. This wasn't a rumor though - everyone knew this was coming. Just seems to me like a self full-filling prophecy, people trying to get out because all the hype for today was that there would be a sell-off. One might also say things are just getting started and this dip presents a good buying opportunity. One quarter of revenue in a totally new market is not going to make or break these stocks. The legit names going to still show huge growth. What do you think happens to this market when the US legalizes? We have 4 more states in the US likely to pass legalization measures in this election cycle, 2 for rec use.
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Oct 17, 2018 15:43
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I keep saying that in Oregon, margins are super thin. Producers are getting squeezed, there is no differentiation of product really, prices are incredibly low. I'm saying the valuations arent matching the very competitive landscape. Everyone is projecting 20% marketshare. You can get mediocre ounces for 70-80 US, and by mediocre it's still better than some of the stuff you'd get for $40 per 1/8 ounce. Product is super cheap.
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Oct 17, 2018 15:54
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Oscar Wild posted:I keep saying that in Oregon, margins are super thin. Producers are getting squeezed, there is no differentiation of product really, prices are incredibly low. I'm saying the valuations arent matching the very competitive landscape. Everyone is projecting 20% marketshare. No doubt there will be consolidation, and no one knows who will make it out on top (might not be any of these existing companies either). There will be winners for sure, its all about marketing and branding - those that can do it will differentiate themselves and establish dominate market positions. Not like tobacco or alcohol is expensive to produce either and that seems to have made some pretty big brands. Starbucks and Shell seem to do pretty well selling commodities too. hostile apostle fucked around with this message at 16:09 on Oct 17, 2018 |
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Oct 17, 2018 16:06
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Anyone have any hot tips?! This buying power is burning a hole in my pocket
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Oct 17, 2018 18:48
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Wish I sold some of my ACB on Monday but it's right back where it was before the spike so whatever. Also happy weed day. 
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Oct 17, 2018 18:58
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A bank will gladly pay you Today for a share of Tesla Tuesday.
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Oct 17, 2018 19:24
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hostile apostle posted:No doubt there will be consolidation, and no one knows who will make it out on top (might not be any of these existing companies either). There will be winners for sure, its all about marketing and branding - those that can do it will differentiate themselves and establish dominate market positions. They made some pretty big brands back at the turn of the 20th century when you could put full page ads for cigarettes in magazines marketed for teenagers. The marijuana industry is extremely regulated; more so than alcohol or tobacco. That is not going to change no matter what the official legal status of the broader drug is. There is money in the logistics of the marijuana industry, but if you are expecting brands to be the next Philip Morris in a couple of years you are nuts.
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Oct 17, 2018 23:04
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How much of the OP is still good stuff? I've been dicking around with the simulator at Investopedia and staying in positive growth with little to no knowledge, so I feel like I'm a brilliant investor who just needs more info.
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Oct 17, 2018 23:22
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Lucid Nonsense posted:How much of the OP is still good stuff? I've been dicking around with the simulator at Investopedia and staying in positive growth with little to no knowledge, so I feel like I'm a brilliant investor who just needs more info. for how long?
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Oct 18, 2018 00:17
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fougera posted:for how long? Only a few months. I'm not losing money, but I need to learn more before I risk real money at this.
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Oct 18, 2018 15:06
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Anyone noticing all these random Chinese companies doing insane runs in the last 2 days with incredible volume?
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Oct 18, 2018 15:56
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Ulio posted:Anyone noticing all these random Chinese companies doing insane runs in the last 2 days with incredible volume? How do you say pump and dump in Cantonese? I've been hearing rumors of china devaluing the yuan to boost trade, even though their leadership is saying differently in public.
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Oct 18, 2018 16:10
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Oscar Wild posted:How do you say pump and dump in Cantonese? Hasn’t yuan fuckery been going on since... always?
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Oct 18, 2018 17:19
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Comrayn posted:Hasn’t yuan fuckery been going on since... always? Yes, but it has been appreciating since 2014 ish.
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Oct 18, 2018 17:22
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Anyone on Fidelity loss harvested ITOT? What did you switch to?
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Oct 18, 2018 18:09
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Small cap bios are hot as gently caress right now. Doubled my account in a month on TRVN, TROV and HSGX. I'm taking a week off to let my emotions settle, I'm never this lucky
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Oct 18, 2018 18:50
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4/20 NEVER FORGET posted:Small cap bios are hot as gently caress right now. Doubled my account in a month on TRVN, TROV and HSGX. I'm taking a week off to let my emotions settle, I'm never this lucky You're not some kind of rear end in a top hat who would walk away from the craps table on a heater, are you?!
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Oct 18, 2018 19:20
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4/20 NEVER FORGET posted:Small cap bios are hot as gently caress right now. Doubled my account in a month on TRVN, TROV and HSGX. I'm taking a week off to let my emotions settle, I'm never this lucky Ya but playing bio is risky as gently caress. I just sell pre FDA meeting when people buy on rumor/pre news.. loving TRVN I held it till the committee meeting and it went from $3 to 0.8. Hoping FDA still approves it somehow. I've made some good money on VTVT this month. It has had some insane range because of it's low float.
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Oct 18, 2018 20:01
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Ulio posted:loving TRVN I held it till the committee meeting and it went from $3 to 0.8. Hoping FDA still approves it. Ouch. What’s your entry? I bought a fairly large position at 1.4x, sold half at 2.25 and the other half at 3.20. I have been burned holding through binary events so I just play run-ups usually, and those plays have been hot the past month.
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Oct 18, 2018 20:09
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 would you buy or sell this index fund? ghosTTy fucked around with this message at 13:39 on Oct 19, 2018 |
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Oct 19, 2018 12:52
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Why would shares held by institutional investors aggregated from 13F filings be more than shares outstanding based on 10Q/K?
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Oct 19, 2018 15:21
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4/20 NEVER FORGET posted:Ouch. What’s your entry? I bought a fairly large position at 1.4x, sold half at 2.25 and the other half at 3.20. I have been burned holding through binary events so I just play run-ups usually, and those plays have been hot the past month. Ya I had a similary entry but mines was in the high 2s and I held till the comittee meeting which they said the drug might be more addictive than morphine and slightly more potent so that sent the stock to the pennies. I actually forgot there was a fda event or else I do the same and sell on the run up. I literally forgot I owned this.
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Oct 19, 2018 15:56
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ghosTTy posted:
Sell that bear wedge
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Oct 19, 2018 15:57
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Josh Lyman posted:Why would shares held by institutional investors aggregated from 13F filings be more than shares outstanding based on 10Q/K? Shares sold short would also have owners, plus there could be timing differences in the institutional filings.
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Oct 19, 2018 16:08
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Man there has been some insane gains with these random low float Chinese penny stocks this week.
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Oct 19, 2018 16:19
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Whole lotta red.
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Oct 19, 2018 17:58
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crazypeltast52 posted:Shares sold short would also have owners, plus there could be timing differences in the institutional filings.
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Oct 19, 2018 18:32
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I finally got approval to buy marijuana stocks so split 80% of the cash I had sitting around into CGC (which I think I'm over paying for a bit, but I'm holding it for a long time) and INSY. Been kicking around the idea of buying more F too, but that's just a gut call and I'd want to liquidate more profits from ARKW to buy it now that my cash is kinda low and with the big dip tech took I just can't bring myself to sell it right now. I hate having to hold things a lot longer than 30 days now. It's making our gambling thread less fun for me...
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Oct 19, 2018 18:50
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Josh Lyman posted:I thought about the short explanation, but 1) you’re not required to disclose short positions on 13F, and 2) it should then show up as negative shares. Sorry, they would still have the shares and if they were lent out to short sellers, those shares could be sold again to other investors who would count them as well.
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Oct 19, 2018 19:00
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F has been sucking. Unless the tariff situation improves I expect it to continue to suck, even as they fix their payroll. I will continue to buy until that happens.
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Oct 19, 2018 19:00
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Oscar Wild posted:F has been sucking. Unless the tariff situation improves I expect it to continue to suck, even as they fix their payroll. I was thinking about jumping in on Ford. That dividend yield is getting absurd.
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Oct 19, 2018 19:09
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https://www.cnbc.com/video/2018/10/19/messing-with-the-wrong-guy-cleveland-cliffs-ceo-berates-analysts-on-earnings-call.htmlquote:"It's unbelievable that these big banks still employ this type of people, you should resign for your lack of knowledge of things... You are a disaster. You are an embarrassment to your parents... If the stock continues to go down based on these kids that play with computers and somebody else's money, we are going to buy back stock. We are going to screw this guy so badly that I don't believe that they will be able to only resign. They will have to commit suicide." quote:"Matthew Korn from Goldman Sachs, you can run, but you can't hide. I will see you at the Goldman Sachs Conference, very soon and bring your commodity that guy because you owe me that for the last year. It will be easier for you if you have the commodity that guy with you interviewing me. If you are alone, it would be a lot worse, it will be bad no matter what, but it will be a lot worse if you're alone," hahahhahahahaha
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Oct 19, 2018 20:48
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BlackMK4 posted:https://www.cnbc.com/video/2018/10/19/messing-with-the-wrong-guy-cleveland-cliffs-ceo-berates-analysts-on-earnings-call.html Getting all Musky up in here.
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Oct 19, 2018 20:54
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Not clicking through and I am 99% certain that’s Goncalves and if so that’s pretty normal. I still have a CMG January $500 put that’s up big and has kept me from getting depressed about it but I’m getting killed in BCRH so I’m buying more so the loss doesn’t look as bad.
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Oct 19, 2018 21:13
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Yesterday was bad for me, in part due to weed, but today was pretty much red across the board. Bad way to go into my birthday weekend.
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Oct 19, 2018 22:05
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BlackMK4 posted:https://www.cnbc.com/video/2018/10/19/messing-with-the-wrong-guy-cleveland-cliffs-ceo-berates-analysts-on-earnings-call.html When you are complaining about sell side analysts instead of running your business, it’s you that is the problem.
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Oct 19, 2018 22:08
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Josh Lyman posted:Yesterday was bad for me, in part due to weed, but today was pretty much red across the board. Bad way to go into my birthday weekend. 
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Oct 19, 2018 22:12
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crazypeltast52 posted:When you are complaining about sell side analysts instead of running your business, it’s you that is the problem. It's a coal company, we should be surprised he didn't shoot anyone
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Oct 19, 2018 22:18
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numberoneposter posted:Heh. Same. I turn older on the 22nd. But also ACB is listing on the NYSE on the 23rd soooooo. Maybe I should buy a little ACBFF on Monday ahead of the listing?
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Oct 20, 2018 00:50
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