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So will my tesla start mining bitcoins?
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Feb 9, 2021 17:48
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And CRSR is now in the green (black?) again. I used this opportunity to double my investments in the company and purchased another stock when it was lower than the initial repurchase point. Already made more money then what I lost from the repurchase at ten cents more. Make lemonade and all that.
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Feb 9, 2021 17:48
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monster fomo today on not buying more weed stocks
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Feb 9, 2021 17:53
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Can I transfer my fractions of shares into TD? How do I avoid the cost while transferring RH to TD?
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Feb 9, 2021 17:54
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pixaal posted:I see 2 plays with NDRA, hold for the FDA approval (everything now is noise) or buy in now and wait for it to return to $2.80 - $3.00 where it was before the general market pull back that was caused by hedge funds selling big names like Apple to fund touching the GME poop (or getting out of a short with it) Whatever narrative you want to believe there GME went up indexes went down. anyone who invests in these low cap biotech companies needs to understand that they were usually cash-strapped and losing money, so they tend to dilute shares by offering new shares to the market, which acts as downward pressure on the stock price. if a biotech company gets good news (like FDA approval, or good data from a drug trial, or whatever), they will often run for a bit and then the company will raise money by offering shares, and the price will fall. maybe not to where it was before the good news, but often well below the high of its reaction to the good news i don't know anything about this company at all but i just want to put that out there because it's one of the risks of investing in small biotech companies. they can go 500% in a short period of time but remember, it goes both ways. they can get bad news, like FDA rejection or whatever i don't want to dissuade anyone from taking risks--lord knows i take a lot of risk with my day trading. just want people to know about the risks Uranium 235 fucked around with this message at 18:03 on Feb 9, 2021 |
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Feb 9, 2021 17:58
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get me HQ! posted:monster fomo today on not buying more weed stocks Was there some kind of news?
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Feb 9, 2021 18:04
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Pilfered Pallbearers posted:Was there some kind of news? They announced the release date for Weed 2
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Feb 9, 2021 18:08
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drunken officeparty posted:They announced the release date for Weed 2 What about the DLC schedule?
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Feb 9, 2021 18:14
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Uranium 235 posted:the market just hit new all time highs... the indexes are not down. speculative things are going up up up lately. small and microcaps are up huge for 2021. the russell microcap index is at all time highs and going vertical NDRA dipped the same time the market did when GME was spiking. I wasn't saying it is currently dipping. Good to have more info on how bio works with extra offerings. This makes perfect sense and wasn't something I was factoring in. No one in this thread is going to tell you what bet to make, they will help you make an informed bet though. Or that's how it usually plays out. Telling someone what to bet means you are doing it for them and are at fault when things go badly making you feel bad. No one wants that.
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Feb 9, 2021 18:17
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Is today the squeezening?
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Feb 9, 2021 18:30
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Elephanthead posted:So will my tesla start mining bitcoins? People have been making jokes that they do for many years, due to the relatively high power consumption when sitting still.
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Feb 9, 2021 18:31
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What did I miss? My THCX is up 12.3% Did Biden legalize it?
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Feb 9, 2021 18:41
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Framboise posted:I'll look into the investment thread. Thanks, everyone. Sorry if I disrupted the thread with unrelated questions. This is a loose thread, I don't think apologies are needed. Good luck out there, and do post in the investment thread.
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Feb 9, 2021 18:52
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I'm not sure what is going on with weed stocks but glad I took a gamble and stacked up on SNDL calls last week.
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Feb 9, 2021 18:53
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Make the weed tweet Musk you bitch
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Feb 9, 2021 19:00
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pschoy posted:Make the weed tweet Musk you bitch  e: Every time I sold APHA or SNDL I wound up buying back in at a slightly higher price because I'm an idiot who shouldn't play this game
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Feb 9, 2021 19:10
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Really wish I'd grabbed some Tilray this morning when it was moving pre-market
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Feb 9, 2021 19:14
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I remember reading an article somewhere that cannabis is as easy to grow at scale as tea or tobacco. Imagine a 3 ounce box of Lipton weed costing like $5 For now I'll take my big gains on weed stonks though
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Feb 9, 2021 19:14
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pschoy posted:Make the weed tweet Musk you bitch
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Feb 9, 2021 19:15
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LawfulWaffle posted:
Sounds like you should be trimming instead of exiting and trying to juggle the falling knives. Sell part of your position not all of it, then when you have paid off your initial investment you can let the winnings ride without anywhere near as much stress it's all fun money until you realize the gain, and then it's all winnings even if it tanks! (Because you already took your entry price off the table). The other nice thing about a trim is it puts it in your active list not just a watchlist which makes it easier to take advantage of a sudden dip and add to the position. Trimming is mostly a strategy for avoiding tilt and keeping a level head. Exiting and entering full positions is probably min/max optimal but you are not a robot.
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Feb 9, 2021 19:19
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LawfulWaffle posted:
Same here, but I've always sold at a profit. I miss out on some of the upside but I'm ok with it. The only downside is that I'm making all these small taxable events.
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Feb 9, 2021 19:29
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Syrinxx posted:I remember reading an article somewhere that cannabis is as easy to grow at scale as tea or tobacco. Imagine a 3 ounce box of Lipton weed costing like $5 It's better than that. In the right conditions (basically every non-desert area of the globe between Nashville and Buenos Aires) weed will grow almost as fast as bamboo and scrubs 12 times as much carbon from the air as trees do, pound for pound. We outlawed the solution to climate change during the industrial revolution, lmao. As for farming for consumable strains, my friend's parents own a weed farm in Maine and they literally work 5 days a year. Scatter seed day, harvest day, package day, second harvest day, second package day. $120,000 in profits from a lovely farm on lovely land in a frozen part of the country. It's a license to print money that can literally end climate change (won't fix the poisoned oceans though lol).
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Feb 9, 2021 19:30
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A HORNY SWEARENGEN posted:It's better than that. Huh... I might have to do some reading.
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Feb 9, 2021 19:37
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Syrinxx posted:I remember reading an article somewhere that cannabis is as easy to grow at scale as tea or tobacco. Imagine a 3 ounce box of Lipton weed costing like $5 The retail price of an ounce has fallen from $400 to $40 in the last 8 years, and even that $40 is mostly licensing and registration fees so yeah its happening. Commercial growers are already achieving $25-40 lbs so without all the legal hoops to jump through you could be seeing prices like that right now. A HORNY SWEARENGEN posted:As for farming for consumable strains, my friend's parents own a weed farm in Maine and they literally work 5 days a year. Scatter seed day, harvest day, package day, second harvest day, second package day. $120,000 in profits from a lovely farm on lovely land in a frozen part of the country. this really isn't an exaggeration at all
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Feb 9, 2021 19:38
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Speaking of weed stocks, does anyone like GRWG?
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Feb 9, 2021 19:43
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2021: Weed and Ammo.
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Feb 9, 2021 19:55
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https://twitter.com/StockCats/status/1359210162976944132?s=20
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Feb 9, 2021 19:56
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Flowers for QAnon posted:Speaking of weed stocks, does anyone like GRWG? numberoneposter posted:2021: Weed and Ammo. I bought into POWW and GRWG in Nov and they're both up over 100%
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Feb 9, 2021 19:57
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LOL if you're not spending all your money on weed. You're never going to be a serious stock trading adult if weed isn't life.
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Feb 9, 2021 20:02
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Please oh please mighty market gods! Crash this poo poo now, I can't stand it!
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Feb 9, 2021 20:15
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Velocity Raptor fucked around with this message at 03:26 on Feb 10, 2021 |
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Feb 9, 2021 20:22
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pixaal posted:Sounds like you should be trimming instead of exiting and trying to juggle the falling knives. Sell part of your position not all of it, then when you have paid off your initial investment you can let the winnings ride without anywhere near as much stress it's all fun money until you realize the gain, and then it's all winnings even if it tanks! (Because you already took your entry price off the table). I think I need to do this as well but it's so hard hitting the sell button... But if I'd been smart and done this every time I was itching to in weedstocks I'd have been mortgage free at 30, instead I got greedy and let them sit. I'd basically written off all the money I had in weed as gone, or maybe it'll be break even 5-10 years from now. My APH gains alone in the last two weeks are now at 240%, and equal to what I make in a year from my regular job. I only noticed this poo poo because I opened my brokerage app to see if they were still allowing trading GME, I wasn't even going to buy I was just interested, and I hadn't looked at it for like 8 or 9 months before that. I think I just need to pull out my initial investment and leave the rest, as you suggested, but watch it dip hard on open tomorrow. I'm not actually 100% sure if pulling your initial investment out counts as a taxable gain in the UK which I need to check. If it does I'll be selling IAN too (which went up 30% today - that's only 0.08 SP increase but honestly, the company is bankrupt and the stock is dead. Who the gently caress is buying!?)
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Feb 9, 2021 20:24
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I originally bought shares of TLRY @ 60 a share in 2019. I proceeded to watch it drop steadily over the course of year .... then the market crashed in 2020. From there I bought at like $6 each in March 2020 and again at $7.50 in July 2020. Average cost is about $13 a share and today it's up to $41 a share. Part of me wants to take the money and run but the other part is screaming MOON. I have no idea what to do but in the meantime it's FUN.
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Feb 9, 2021 20:29
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A HORNY SWEARENGEN posted:As for farming for consumable strains, my friend's parents own a weed farm in Maine and they literally work 5 days a year. Scatter seed day, harvest day, package day, second harvest day, second package day. $120,000 in profits from a lovely farm on lovely land in a frozen part of the country. As someone who's done trimming in Maine, I call bullshit on the bolded parts A decent "small" grow op has about 20 trees, and ideally speaking, you can grow them out in the open, you want to grow them under a climate controlled housing, to regulate temperature, humidity, maximize gains, etc. Too often can a nice windy and wet couple of days rot your bud and uproot/damage some major branches. You also have to baby them, a lot, it's more than 5 days a year. It's, wake up in the morning, check on them for rot, spray them to keep the bugs away, make sure to fertilize them, trim away the junk to make sure they don't stagnate growing, etc It's a full time job during the grow season. Then, during the trim season, you need several people, and the space to trim, and then dry the weed. Like, one tree can take five people a few hours of time, if not all day, especially if the weed ends up needing a lot of fan leaves cut off, this is usually done by hand. The other thing to consider is sometimes, when the trees are ready, they are ready right then and there and if the tree doesn't come down soon, all the bud will have rotted and be wasted. You also can't shortcut it by just sticking it in the bud trimmers you can buy, because the fan leaves will often times jam the trimmers after a while, and it tends to look uglier if you don't pre-trim it, which effects the potential sale price. I suppose it doesn't matter if you just want wax or shatter or oil or tincture, where appearance doesn't matter. There's also clean up to consider, and storing the cut bud so it dries out in a temperature controlled humidity climate to again fight mold and this takes time too. 20 plants can take an entire month or two of trimming, which is good money for even the trimmers if you use it as a side hustle. $20 an hour is nothing to sneeze at.
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Feb 9, 2021 20:34
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Syrinxx posted:I remember reading an article somewhere that cannabis is as easy to grow at scale as tea or tobacco. There's a reason it's called "weed": because it grows like one. 
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Feb 9, 2021 20:35
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Invest in weed suppositories, I hear it’s getting real popular with the kids
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Feb 9, 2021 20:44
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It is a license to print money as long as the supply is constrained. Once supply restrictions go away you can see farmers planting thousands of acres to render down for the component parts and it will be something that gets priced like soybeans or corn. But we’ve also had this discussion in the thread before and greenhouses give you better genetic control of your artisanal strains and let you pump up the CO2 around the plants while hitting them with 24/7 grow lights.
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Feb 9, 2021 20:47
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Which of the current weedstocks is best placed to become a mass producer with the economies of scale needed to make money in a future, more competitive weed market?
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Feb 9, 2021 20:59
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GreenBuckanneer posted:As someone who's done trimming in Maine, I call bullshit on the bolded parts Sir, this is America. No one gives a poo poo how hard the laborers work.
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Feb 9, 2021 20:59
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gay picnic defence posted:Which of the current weedstocks is best placed to become a mass producer with the economies of scale needed to make money in a future, more competitive weed market? TheStreet told me Trulieve > Sundial, seems like the better long play for now even if pot numbers are all going up lately https://www.thestreet.com/investing/buy-trulieve-cannabis-not-sundial-growers
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Feb 9, 2021 21:05
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