OT: Investing - Stocks/Mutual Funds/Bonds/Crypto

[vlietinho]

I think I'd actually like to invest in some of the cannabis companies out there because it seems like a bit of a no-brainer for growth in the future. I mean, this ship isn't going to get turned around any time soon and should just continue to see huge growth as it gets legalized in more states and receives more social acceptance. It's really just a matter of picking the right horse so I may spread out my purchases over a few of these companies. This is one company that looks really interesting to me right now:

https://finance.yahoo.com/news/aurora-cannabis-acb-strong-industry-134001482.html

Another interesting article:

https://finance.yahoo.com/news/3-cannabis-stocks-set-thrive-180514972.html

I have a lot invested in cannabis, and at one point was riding high (pun intended). CGC dropping Linton was a major mistake for the entire industry, because Canopy was kind of the barometer for all the rest. That said, I have averaged down on CGC and when I saw Aurora trading for .80 I bought a lot of shares. Sure they are going to carry negative EPS for a while, but my goodness, that was such a low entry point for such a big (future) industry. Actually sold off some other investments to load up. I suppose the risk is they don't have the assets to weather this storm, but when I read articles about people loading up on weed for quarentine, it leads me to believe this could be a stellar quarter despite the weirdness of the world. Even if it rebounds to 5, there is a ton of money to be made, strange times!

There's defenately money to be made in cannabis. I averaged down as well on weed (and apha), but sold all my aurora a while ago. Was just reading they annoucend a reverse 1:12 split today (https://www.newswire.ca/news-releases/aurora-cannabis-provides-update-on-initiatives-to-strengthen-liquidity-business-transformation-plan-and-covid-19-operational-response-802353764.html)

[DigitalFool]

I'm genuinely curious - to those (not directed at posters here) that dumped everything into cash during the drop, have they gotten back in? Shows the dangerous idea of trying to time the market. I can almost assume they have been freaking out as markets climb. That being said, I still think we haven't seen the bottom. With subpar earnings this morning, and markets up, I really don't even know anymore. :\

[Stannis]

I think I'd actually like to invest in some of the cannabis companies out there because it seems like a bit of a no-brainer for growth in the future. I mean, this ship isn't going to get turned around any time soon and should just continue to see huge growth as it gets legalized in more states and receives more social acceptance. It's really just a matter of picking the right horse so I may spread out my purchases over a few of these companies. This is one company that looks really interesting to me right now:

https://finance.yahoo.com/news/aurora-cannabis-acb-strong-industry-134001482.html

Another interesting article:

https://finance.yahoo.com/news/3-cannabis-stocks-set-thrive-180514972.html

I have a lot invested in cannabis, and at one point was riding high (pun intended). CGC dropping Linton was a major mistake for the entire industry, because Canopy was kind of the barometer for all the rest. That said, I have averaged down on CGC and when I saw Aurora trading for .80 I bought a lot of shares. Sure they are going to carry negative EPS for a while, but my goodness, that was such a low entry point for such a big (future) industry. Actually sold off some other investments to load up. I suppose the risk is they don't have the assets to weather this storm, but when I read articles about people loading up on weed for quarentine, it leads me to believe this could be a stellar quarter despite the weirdness of the world. Even if it rebounds to 5, there is a ton of money to be made, strange times!

There's defenately money to be made in cannabis. I averaged down as well on weed (and apha), but sold all my aurora a while ago. Was just reading they annoucend a reverse 1:12 split today (https://www.newswire.ca/news-releases/aurora-cannabis-provides-update-on-initiatives-to-strengthen-liquidity-business-transformation-plan-and-covid-19-operational-response-802353764.html)

You guys have some good names for the cannabis stocks? Most of the names I see like Canopy and ACB seem like hype stocks.

Also, not sure how I feel about this industry. Why do people think this will boom? I see it being like the alcohol and tobacco industries. Sure, there's a lot of demand for those products, and even if you make it past the political barriers, it will still be a highly competitive industry like tobacco and alcohol.

I have some invested in Truelieve as they are on of the few profitable cannabis companies.

I was thinking about Canopy Growth long. They are the largest last time I checked. Or ACB short because they are so cheap right now. I see them getting hyped again. But I always screw up when I think short...

[Stannis]

I'm genuinely curious - to those (not directed at posters here) that dumped everything into cash during the drop, have they gotten back in? Shows the dangerous idea of trying to time the market. I can almost assume they have been freaking out as markets climb. That being said, I still think we haven't seen the bottom. With subpar earnings this morning, and markets up, I really don't even know anymore. :\

I didn't sell everything... But I took some profits or very minor losses for some of my holdings so I can have more cash and feel more comfortable.

I sold the following BEFORE the outbreak hit US hard because I felt they were mostly overvalued, too speculative, and likely to take a hit once the virus hit the US:
1) ZScaler
2) Alteryx
3) Avalara
4) Store Capital
5) Occidental Petro (really glad I sold that one)
6) Green Dot
7) Maxar Technologies
8) Livongo Health (Bad sell)

Some of those were good sells, some were not. I haven't gotten back into any of those names. I regret exiting some of those positions. But I used that cash to invest in more proven names like Apple and LAM Research.

The outbreak made me realize how I feel about holding unprofitable or extremely overvalued companies. It made me realize that I don't like it lol. It was fun during the bull run, but the crash brought me to reality and was a great lesson for somebody who never experienced a market crash before.

My regret is not taking profits on my solar stocks. They got a lot of hype when Sanders and Warren were looking like likely candidates. But their falls and the virus hammered these more than anything else in my portfolio. I feel so attached to these though.

[M-C-G]

I have a lot invested in cannabis, and at one point was riding high (pun intended). CGC dropping Linton was a major mistake for the entire industry, because Canopy was kind of the barometer for all the rest. That said, I have averaged down on CGC and when I saw Aurora trading for .80 I bought a lot of shares. Sure they are going to carry negative EPS for a while, but my goodness, that was such a low entry point for such a big (future) industry. Actually sold off some other investments to load up. I suppose the risk is they don't have the assets to weather this storm, but when I read articles about people loading up on weed for quarentine, it leads me to believe this could be a stellar quarter despite the weirdness of the world. Even if it rebounds to 5, there is a ton of money to be made, strange times!

There's defenately money to be made in cannabis. I averaged down as well on weed (and apha), but sold all my aurora a while ago. Was just reading they annoucend a reverse 1:12 split today (https://www.newswire.ca/news-releases/aurora-cannabis-provides-update-on-initiatives-to-strengthen-liquidity-business-transformation-plan-and-covid-19-operational-response-802353764.html)

You guys have some good names for the cannabis stocks? Most of the names I see like Canopy and ACB seem like hype stocks.

Also, not sure how I feel about this industry. Why do people think this will boom? I see it being like the alcohol and tobacco industries. Sure, there's a lot of demand for those products, and even if you make it past the political barriers, it will still be a highly competitive industry like tobacco and alcohol.

I have some invested in Truelieve as they are on of the few profitable cannabis companies.

I was thinking about Canopy Growth long. They are the largest last time I checked. Or ACB short because they are so cheap right now. I see them getting hyped again. But I always screw up when I think short...

To summarize Canopy Growth, under Linton, they were not only tackling the weed, but CBD and THC in beverage, edibles (like everyone) but then had taken a lead in the industry for medical use for both humans and pets. Bruce believed by using weed as an ingredient in other products it would protect the company immensely because as the market expanded, the cost of the ingredient would come down.

Now, the Constellation group didn't agree with his strategy to lose tons of money in the short to be ready for the long. They got too impatient and when they fired him it destroyed the market. I'm not sure what the term is, but Canopy kind of sets the tone for the market, they are in good position because Constellation entered a 4B dollar deal with them, so they have the money to ride any of this out and also have the ability to a.) buy up cheap assets from those that can't b.) Their offshoot Canopy Rivers has cash to finance other weed companies, which in itself should be highly profitable

So I am a fan. Also good to hear, from a sales perspective, people were loading up on products over the Quarantine. If that holds for Aurora and Canopy there should hopefully be a bounce back. My Aurora position will probably not be long, just an opportunity to buy in so low and sell on good news, or at least think about it.

I used to be all over this day to day, but my original CGC position was to wait at least 5 years. So while the value dropping hurt, I more just tuned it out and instead of daily, have been checking in monthly.

One thing about this industry so far, it is very atypical from the usual stocks. Because of the complexities and concerns over an emerging industry it just has not operated in a manner that, well, makes much sense. I think the heavy investment by Shorts really reeked havoc, I've been surprised by how much shorts appear to be able to influence a price. Couple that with uncertainty, government policy, regulations and having the premier CEO in the industry fired (and I think a few more since then), I guess I am not surprised it is sitting where it is sitting today.

[Stannis]

There's defenately money to be made in cannabis. I averaged down as well on weed (and apha), but sold all my aurora a while ago. Was just reading they annoucend a reverse 1:12 split today (https://www.newswire.ca/news-releases/aurora-cannabis-provides-update-on-initiatives-to-strengthen-liquidity-business-transformation-plan-and-covid-19-operational-response-802353764.html)

You guys have some good names for the cannabis stocks? Most of the names I see like Canopy and ACB seem like hype stocks.

Also, not sure how I feel about this industry. Why do people think this will boom? I see it being like the alcohol and tobacco industries. Sure, there's a lot of demand for those products, and even if you make it past the political barriers, it will still be a highly competitive industry like tobacco and alcohol.

I have some invested in Truelieve as they are on of the few profitable cannabis companies.

I was thinking about Canopy Growth long. They are the largest last time I checked. Or ACB short because they are so cheap right now. I see them getting hyped again. But I always screw up when I think short...

To summarize Canopy Growth, under Linton, they were not only tackling the weed, but CBD and THC in beverage, edibles (like everyone) but then had taken a lead in the industry for medical use for both humans and pets. Bruce believed by using weed as an ingredient in other products it would protect the company immensely because as the market expanded, the cost of the ingredient would come down.

Now, the Constellation group didn't agree with his strategy to lose tons of money in the short to be ready for the long. They got too impatient and when they fired him it destroyed the market. I'm not sure what the term is, but Canopy kind of sets the tone for the market, they are in good position because Constellation entered a 4B dollar deal with them, so they have the money to ride any of this out and also have the ability to a.) buy up cheap assets from those that can't b.) Their offshoot Canopy Rivers has cash to finance other weed companies, which in itself should be highly profitable

So I am a fan. Also good to hear, from a sales perspective, people were loading up on products over the Quarantine. If that holds for Aurora and Canopy there should hopefully be a bounce back. My Aurora position will probably not be long, just an opportunity to buy in so low and sell on good news, or at least think about it.

I used to be all over this day to day, but my original CGC position was to wait at least 5 years. So while the value dropping hurt, I more just tuned it out and instead of daily, have been checking in monthly.

One thing about this industry so far, it is very atypical from the usual stocks. Because of the complexities and concerns over an emerging industry it just has not operated in a manner that, well, makes much sense. I think the heavy investment by Shorts really reeked havoc, I've been surprised by how much shorts appear to be able to influence a price. Couple that with uncertainty, government policy, regulations and having the premier CEO in the industry fired (and I think a few more since then), I guess I am not surprised it is sitting where it is sitting today.

Thanks!

Yea, that was one reason I was looking at Canopy was because their partnership with Constellation Brands. It looks like they have long term goals.

[M-C-G]

I think I'd actually like to invest in some of the cannabis companies out there because it seems like a bit of a no-brainer for growth in the future. I mean, this ship isn't going to get turned around any time soon and should just continue to see huge growth as it gets legalized in more states and receives more social acceptance. It's really just a matter of picking the right horse so I may spread out my purchases over a few of these companies. This is one company that looks really interesting to me right now:

https://finance.yahoo.com/news/aurora-cannabis-acb-strong-industry-134001482.html

Another interesting article:

https://finance.yahoo.com/news/3-cannabis-stocks-set-thrive-180514972.html

I have a lot invested in cannabis, and at one point was riding high (pun intended). CGC dropping Linton was a major mistake for the entire industry, because Canopy was kind of the barometer for all the rest. That said, I have averaged down on CGC and when I saw Aurora trading for .80 I bought a lot of shares. Sure they are going to carry negative EPS for a while, but my goodness, that was such a low entry point for such a big (future) industry. Actually sold off some other investments to load up. I suppose the risk is they don't have the assets to weather this storm, but when I read articles about people loading up on weed for quarentine, it leads me to believe this could be a stellar quarter despite the weirdness of the world. Even if it rebounds to 5, there is a ton of money to be made, strange times!

There's defenately money to be made in cannabis. I averaged down as well on weed (and apha), but sold all my aurora a while ago. Was just reading they annoucend a reverse 1:12 split today (https://www.newswire.ca/news-releases/aurora-cannabis-provides-update-on-initiatives-to-strengthen-liquidity-business-transformation-plan-and-covid-19-operational-response-802353764.html)

This reverse split does not make me feel good...never had a stock that did it before, but had one on my watchlist. What I noticed is that they did this reverse split and then the heavy shorting of the stock and evaporated it after the reverse split further. Part of the reason I'm queasy about being long.

[BucksFanSD]

That being said, I still think we haven't seen the bottom.

If you're right, shorting some stocks here would make a killing. And leave a lot of other people with a lot less money than they currently have.

I believe we already bottomed myself, but will buy and short occasionally and with limited funds.

[jschligs]

That being said, I still think we haven't seen the bottom.

If you're right, shorting some stocks here would make a killing. And leave a lot of other people with a lot less money than they currently have.

I believe we already bottomed myself, but will buy and short occasionally and with limited funds.

I think we’ve bottomed for the short term, but at some point in time we’re going to have to answer for the insane measures we took to keep us from continuing to tank.

I have my usual long terms, but I’ve started doing more short term calls on industries looking for a bailout or some type of agreement. I got burnt on oil, specifically USO calls, but AMD. SPY calls this week have more than made up for it. I also bought airlines, both regular stocks and calls before the agreement was reached. Expecting both to continue to do incredibly well as they’ve already booked 9% after hours.

Edit: want to clarify, I was very bearish after the initial recovery for the market. Have been and still am expecting a rug pull. But in the mean time I’m going to take advantage of this unprecedented run.

[ejn1214]

I have a lot invested in cannabis, and at one point was riding high (pun intended). CGC dropping Linton was a major mistake for the entire industry, because Canopy was kind of the barometer for all the rest. That said, I have averaged down on CGC and when I saw Aurora trading for .80 I bought a lot of shares. Sure they are going to carry negative EPS for a while, but my goodness, that was such a low entry point for such a big (future) industry. Actually sold off some other investments to load up. I suppose the risk is they don't have the assets to weather this storm, but when I read articles about people loading up on weed for quarentine, it leads me to believe this could be a stellar quarter despite the weirdness of the world. Even if it rebounds to 5, there is a ton of money to be made, strange times!

There's defenately money to be made in cannabis. I averaged down as well on weed (and apha), but sold all my aurora a while ago. Was just reading they annoucend a reverse 1:12 split today (https://www.newswire.ca/news-releases/aurora-cannabis-provides-update-on-initiatives-to-strengthen-liquidity-business-transformation-plan-and-covid-19-operational-response-802353764.html)

This reverse split does not make me feel good...never had a stock that did it before, but had one on my watchlist. What I noticed is that they did this reverse split and then the heavy shorting of the stock and evaporated it after the reverse split further. Part of the reason I'm queasy about being long.

I worry quite a bit about competition and profitability for any of these companies. The stocks were insanely oversold, so who knows what they are worth. It's completely different, but I witnessed the rise and fall of moviepass. When the reverse splits started everyone knew it was over and the shorts just kept piling on. Luckily I listened to some random person on the stocktwits board who actually had good points, and got out without losing much money. He also turned me onto SMSI, which has been a nice little moneymaker.

[jschligs]

I'm still quiet bearish on the long term market, I see the collapse just waiting. That being said, I stopped trying to plan the drop and instead have been riding the rally. Have done calls on a few easy choices and I've eliminated my recent losses from the last three weeks in two days.

[JEIS]

I have a lot invested in cannabis, and at one point was riding high (pun intended). CGC dropping Linton was a major mistake for the entire industry, because Canopy was kind of the barometer for all the rest. That said, I have averaged down on CGC and when I saw Aurora trading for .80 I bought a lot of shares. Sure they are going to carry negative EPS for a while, but my goodness, that was such a low entry point for such a big (future) industry. Actually sold off some other investments to load up. I suppose the risk is they don't have the assets to weather this storm, but when I read articles about people loading up on weed for quarentine, it leads me to believe this could be a stellar quarter despite the weirdness of the world. Even if it rebounds to 5, there is a ton of money to be made, strange times!

There's defenately money to be made in cannabis. I averaged down as well on weed (and apha), but sold all my aurora a while ago. Was just reading they annoucend a reverse 1:12 split today (https://www.newswire.ca/news-releases/aurora-cannabis-provides-update-on-initiatives-to-strengthen-liquidity-business-transformation-plan-and-covid-19-operational-response-802353764.html)

This reverse split does not make me feel good...never had a stock that did it before, but had one on my watchlist. What I noticed is that they did this reverse split and then the heavy shorting of the stock and evaporated it after the reverse split further. Part of the reason I'm queasy about being long.

Sometimes companies will cancel the reverse split and let fomo buying take them over $1.00 for 10 days to regain compliance... They typically have news in the pipeline to help bring it along as well. I was burned buy Canntrust a couple weeks ago. A lot of these weed stock are very unstable. When it becomes legal legal I think one of the big boy billionaires will start his own company and wipe out these smaller guys. Let these guys duke it out til that happens...learn from their mistakes swoop in and do it bigger better and more efficient.


Trnx is currently doing that(cancelled the reverse split), . They were up over 100% today... Fuel cell energy did it a while back as well and their stock shot up... So you never know.

[Thunder Muscle]

Any opinions on Robinhood app and using it as a primary brokerage? I have very small amounts invested (just under 1K) and like the app, but have some concerns if it will make it long term. They had some recent glitches and think investors are suing them, etc. I'm starting to wonder if the app will eventually fold and not sure what happens to my stocks/account balance.

[MickeyDavis]

Any opinions on Robinhood app and using it as a primary brokerage? I have very small amounts invested (just under 1K) and like the app, but have some concerns if it will make it long term. They had some recent glitches and think investors are suing them, etc. I'm starting to wonder if the app will eventually fold and not sure what happens to my stocks/account balance.

If you have that small of an amount are you investing in individual stocks? Robinhood's big thing is no commission fees on stocks but now there are several companies that also offer no commissions. Fidelity is one. ETrade is another. I'm not sure about account minimums though.

[Thunder Muscle]

Any opinions on Robinhood app and using it as a primary brokerage? I have very small amounts invested (just under 1K) and like the app, but have some concerns if it will make it long term. They had some recent glitches and think investors are suing them, etc. I'm starting to wonder if the app will eventually fold and not sure what happens to my stocks/account balance.

If you have that small of an amount are you investing in individual stocks? Robinhood's big thing is no commission fees on stocks but now there are several companies that also offer no commissions. Fidelity is one. ETrade is another. I'm not sure about account minimums though.

It's a secondary/fun side "investing" when I get disposable income. I have like 15% going to my 401K plus 6% corporate match. I also have an emergency savings. But I just wanted to dabble in some companies I like and maybe kick in like 1% of my check over time and have some fun with company stocks, dividends, etc. So not looking to get rich, more side thing and invest in companies.

And yeah, when I started RH was only 1 without fees otherwise I wouldve used Schwab which is now no commission fees.

[M-C-G]

Any opinions on Robinhood app and using it as a primary brokerage? I have very small amounts invested (just under 1K) and like the app, but have some concerns if it will make it long term. They had some recent glitches and think investors are suing them, etc. I'm starting to wonder if the app will eventually fold and not sure what happens to my stocks/account balance.

If you have that small of an amount are you investing in individual stocks? Robinhood's big thing is no commission fees on stocks but now there are several companies that also offer no commissions. Fidelity is one. ETrade is another. I'm not sure about account minimums though.

It's a secondary/fun side "investing" when I get disposable income. I have like 15% going to my 401K plus 6% corporate match. I also have an emergency savings. But I just wanted to dabble in some companies I like and maybe kick in like 1% of my check over time and have some fun with company stocks, dividends, etc. So not looking to get rich, more side thing and invest in companies.

And yeah, when I started RH was only 1 without fees otherwise I wouldve used Schwab which is now no commission fees.

I've got schwabb and it is just 4.95 per transaction. And has tons of great content and tools

[vital_signs]

Recent glitches aside, Robinhood definitely shook the game up in a positive way. Now that other, more established, companies are adapting to no fee trades I'm not sure where their value is.

[Thunder Muscle]

Recent glitches aside, Robinhood definitely shook the game up in a positive way. Now that other, more established, companies are adapting to no fee trades I'm not sure where their value is.

That's kinda my thought. Im wondering if should just leave what I have in Robinhood and for any future individual stocks, setup something with a more established company.

[Stannis]

Any opinions on Robinhood app and using it as a primary brokerage? I have very small amounts invested (just under 1K) and like the app, but have some concerns if it will make it long term. They had some recent glitches and think investors are suing them, etc. I'm starting to wonder if the app will eventually fold and not sure what happens to my stocks/account balance.

Not sure how I feel about RobinHood. I feel like it's a traders app, not an investing app. And if you are an active trader, you don't want your broker going down on crucial days. Plus, they do not offer any IRA accounts.

There's plenty of free brokers now. I'm with Merrill and can't complain. But I have not heard anything about them moving to fractional shares yet. Fidelity and Schwab are zero commission trades I believe, and they do or will do fractional shares.

[BucksFanSD]

With the farmers and food stimulus announced Friday evening I would think this would help the food servicing companies others have mentioned here like US Foods and Sysco.