Moderators: paulpressey25, MickeyDavis
HaroldinGMinor wrote:BuckHole wrote:HaroldinGMinor wrote:
I have to believe his Goldman Sachs buddies would stop that before it even got off the ground but stranger things have happened.
Schiff is no friend of Goldman Sachs. Have you listened to his podcast, read his books, watched his TV appearances, viewed his YouTube channel?
I was referring to the president and his administration.
M-C-G wrote:Wow, Tilray is having about the most insane run I have ever seen. Look at 5 day, 1 month and 6 month trend line, unreal.
humanrefutation wrote:M-C-G wrote:Wow, Tilray is having about the most insane run I have ever seen. Look at 5 day, 1 month and 6 month trend line, unreal.
Holy ****, that's absurd. One of my friends pointed it out to me about 2 weeks ago, when it was about $90 a share, and I demurred because I thought the stock price wasn't sustainable. And now it's $250+ a share, including a 65% increase in share price today. Unreal.
ETA: In literally less than 20 minutes, it dropped $100 a share! Way too volatile for my tastes.
M-C-G wrote:humanrefutation wrote:M-C-G wrote:Wow, Tilray is having about the most insane run I have ever seen. Look at 5 day, 1 month and 6 month trend line, unreal.
Holy ****, that's absurd. One of my friends pointed it out to me about 2 weeks ago, when it was about $90 a share, and I demurred because I thought the stock price wasn't sustainable. And now it's $250+ a share, including a 65% increase in share price today. Unreal.
ETA: In literally less than 20 minutes, it dropped $100 a share! Way too volatile for my tastes.
I've said it before, and congrats to anyone that were on that Tilray ride today (I'm not invested in them), but 20M of gross revenue last year, approached a 28 BILLION market cap today! That's crazy.
I listen to their CEO and he basically describes where Canopy ( I AM invested in them, bias alert ) is TODAY as their plan and people talk about them like they are the industry leader...maybe if they end up with Coke investing in them, but man, that valuation is crazy even for the pre-recreation valuations that have been there with the big players.
For anyone that didn't want to look it up, one month ago, Tilray was trading at 33, five days ago trading at 112, this morning at 197 and hit 300 today and ended the day at 214, and is down to 200 in after market at the time of this post. I don't know how exactly 'they' can massively manipulate stock prices like that, but this should seemingly be impossible to be on the run that Tilray is on with almost no news or profits (to my knowledge but admit I am not well researched on this one) is absolute nonsense.
fishnc wrote:If I had a gun with two bullets and I was in a room with Hitler, Bin Laden, and LeBron, I would shoot LeBron twice.
HurricaneKid wrote:M-C-G wrote:humanrefutation wrote:
Holy ****, that's absurd. One of my friends pointed it out to me about 2 weeks ago, when it was about $90 a share, and I demurred because I thought the stock price wasn't sustainable. And now it's $250+ a share, including a 65% increase in share price today. Unreal.
ETA: In literally less than 20 minutes, it dropped $100 a share! Way too volatile for my tastes.
I've said it before, and congrats to anyone that were on that Tilray ride today (I'm not invested in them), but 20M of gross revenue last year, approached a 28 BILLION market cap today! That's crazy.
I listen to their CEO and he basically describes where Canopy ( I AM invested in them, bias alert ) is TODAY as their plan and people talk about them like they are the industry leader...maybe if they end up with Coke investing in them, but man, that valuation is crazy even for the pre-recreation valuations that have been there with the big players.
For anyone that didn't want to look it up, one month ago, Tilray was trading at 33, five days ago trading at 112, this morning at 197 and hit 300 today and ended the day at 214, and is down to 200 in after market at the time of this post. I don't know how exactly 'they' can massively manipulate stock prices like that, but this should seemingly be impossible to be on the run that Tilray is on with almost no news or profits (to my knowledge but admit I am not well researched on this one) is absolute nonsense.
It sure looks like just outright market manipulation.
https://www.cnbc.com/2018/09/20/this-chart-shows-whats-really-behind-the-crazy-rally-in-pot-stock-tilray.html
Investors were essentially not permitted to go short on the stock so someone ran up the price and sold off.M-C-G wrote:HurricaneKid wrote:M-C-G wrote:
I've said it before, and congrats to anyone that were on that Tilray ride today (I'm not invested in them), but 20M of gross revenue last year, approached a 28 BILLION market cap today! That's crazy.
I listen to their CEO and he basically describes where Canopy ( I AM invested in them, bias alert ) is TODAY as their plan and people talk about them like they are the industry leader...maybe if they end up with Coke investing in them, but man, that valuation is crazy even for the pre-recreation valuations that have been there with the big players.
For anyone that didn't want to look it up, one month ago, Tilray was trading at 33, five days ago trading at 112, this morning at 197 and hit 300 today and ended the day at 214, and is down to 200 in after market at the time of this post. I don't know how exactly 'they' can massively manipulate stock prices like that, but this should seemingly be impossible to be on the run that Tilray is on with almost no news or profits (to my knowledge but admit I am not well researched on this one) is absolute nonsense.
It sure looks like just outright market manipulation.
https://www.cnbc.com/2018/09/20/this-chart-shows-whats-really-behind-the-crazy-rally-in-pot-stock-tilray.html
Tilray currently down another 26% on the day, on its way to the most epic 5 day roller coaster of all time. Began the week at 117, touched 300 and looking like it will drop back down to where it started the week...absolutely unreal. Think about all those people that got caught up in the hype and bought at 300,yikes.
fishnc wrote:If I had a gun with two bullets and I was in a room with Hitler, Bin Laden, and LeBron, I would shoot LeBron twice.
jschligs wrote:Am I the only one who doesn't know who the **** SupremeHustle is?
Gianstoppable wrote:New into investing, bought 150 shares in New Age Beverages at $2.14 a few days back, saw it peak at $9.99 this morning, got greedy wanted it over $10, went to work and couldnt check until recently. Sold at $6.59, bought some back in at $5.85. Any other hot stocks to check out? Cannabis stocks are so viatole they are kinda scary but if you manage to play them right theres money to be made. Also, any long term stocks to look into?
M-C-G wrote:Gianstoppable wrote:New into investing, bought 150 shares in New Age Beverages at $2.14 a few days back, saw it peak at $9.99 this morning, got greedy wanted it over $10, went to work and couldnt check until recently. Sold at $6.59, bought some back in at $5.85. Any other hot stocks to check out? Cannabis stocks are so viatole they are kinda scary but if you manage to play them right theres money to be made. Also, any long term stocks to look into?
So this is related to weed, but not weed, but I think it is a near PERFECT time to buy(again, everyone should do your own research on the CEO, the management team and vision) some Radient Technologies (RDDTF). They are partially owned (I think 20% or so) by Aurora Cannabis which is obviously looking to be a huge player, to handle their oil/cbd extraction and purification. Currently trading .90 a share (one month ago .60, which was the optimal time to get in).
If you haven't looked into the extraction business, please do, huge ROI once equipment is paid off. A company handling most if not all of Aurora's extraction is going to immensely profitable IMO. A fair word of caution, Radient either doesn't know how to use press/media to drive stock price, or under guidance from Aurora (who I think may buy them out in the future) does not talk to the press. So you are basically waiting for them to be profitable and have positive earnings OR they tend to get a nice lift whenever ACB surges, which I expect you will see a fair bit of the rest of the calendar year.
Full disclosure, if you have been hanging around the boards, I am trying to be all over the Weed market because I think there is almost unlimited upside, so know I have bias on this industry.
EDIT: Adding some context around why extraction is important IMO. Recreational and pharma marijuana are going to be all about the extraction process, many people seem to think it is going to be people buying weed and smoking a joint or something. I think the reality is that you will see CDB and THC among other things extracted and as Bruce Linton says "become ingredients" in edibles, spirits, medicines, etc. That's why I see extractors as an under valued buy as we approach legalization, keep in mind, edible market should expand when additional offerings become available in Canada in 2019. I'm sure someone more knowledgeable about this stuff than me could give you better context.
M-C-G wrote:Gianstoppable wrote:New into investing, bought 150 shares in New Age Beverages at $2.14 a few days back, saw it peak at $9.99 this morning, got greedy wanted it over $10, went to work and couldnt check until recently. Sold at $6.59, bought some back in at $5.85. Any other hot stocks to check out? Cannabis stocks are so viatole they are kinda scary but if you manage to play them right theres money to be made. Also, any long term stocks to look into?
So this is related to weed, but not weed, but I think it is a near PERFECT time to buy(again, everyone should do your own research on the CEO, the management team and vision) some Radient Technologies (RDDTF). They are partially owned (I think 20% or so) by Aurora Cannabis which is obviously looking to be a huge player, to handle their oil/cbd extraction and purification. Currently trading .90 a share (one month ago .60, which was the optimal time to get in).
If you haven't looked into the extraction business, please do, huge ROI once equipment is paid off. A company handling most if not all of Aurora's extraction is going to immensely profitable IMO. A fair word of caution, Radient either doesn't know how to use press/media to drive stock price, or under guidance from Aurora (who I think may buy them out in the future) does not talk to the press. So you are basically waiting for them to be profitable and have positive earnings OR they tend to get a nice lift whenever ACB surges, which I expect you will see a fair bit of the rest of the calendar year.
Full disclosure, if you have been hanging around the boards, I am trying to be all over the Weed market because I think there is almost unlimited upside, so know I have bias on this industry.
EDIT: Adding some context around why extraction is important IMO. Recreational and pharma marijuana are going to be all about the extraction process, many people seem to think it is going to be people buying weed and smoking a joint or something. I think the reality is that you will see CDB and THC among other things extracted and as Bruce Linton says "become ingredients" in edibles, spirits, medicines, etc. That's why I see extractors as an under valued buy as we approach legalization, keep in mind, edible market should expand when additional offerings become available in Canada in 2019. I'm sure someone more knowledgeable about this stuff than me could give you better context.
MoreTrife wrote:M-C-G wrote:Gianstoppable wrote:New into investing, bought 150 shares in New Age Beverages at $2.14 a few days back, saw it peak at $9.99 this morning, got greedy wanted it over $10, went to work and couldnt check until recently. Sold at $6.59, bought some back in at $5.85. Any other hot stocks to check out? Cannabis stocks are so viatole they are kinda scary but if you manage to play them right theres money to be made. Also, any long term stocks to look into?
So this is related to weed, but not weed, but I think it is a near PERFECT time to buy(again, everyone should do your own research on the CEO, the management team and vision) some Radient Technologies (RDDTF). They are partially owned (I think 20% or so) by Aurora Cannabis which is obviously looking to be a huge player, to handle their oil/cbd extraction and purification. Currently trading .90 a share (one month ago .60, which was the optimal time to get in).
If you haven't looked into the extraction business, please do, huge ROI once equipment is paid off. A company handling most if not all of Aurora's extraction is going to immensely profitable IMO. A fair word of caution, Radient either doesn't know how to use press/media to drive stock price, or under guidance from Aurora (who I think may buy them out in the future) does not talk to the press. So you are basically waiting for them to be profitable and have positive earnings OR they tend to get a nice lift whenever ACB surges, which I expect you will see a fair bit of the rest of the calendar year.
Full disclosure, if you have been hanging around the boards, I am trying to be all over the Weed market because I think there is almost unlimited upside, so know I have bias on this industry.
EDIT: Adding some context around why extraction is important IMO. Recreational and pharma marijuana are going to be all about the extraction process, many people seem to think it is going to be people buying weed and smoking a joint or something. I think the reality is that you will see CDB and THC among other things extracted and as Bruce Linton says "become ingredients" in edibles, spirits, medicines, etc. That's why I see extractors as an under valued buy as we approach legalization, keep in mind, edible market should expand when additional offerings become available in Canada in 2019. I'm sure someone more knowledgeable about this stuff than me could give you better context.
MCG, you seem like you know your stuff. I'm also invested in canopy, got in at $8. I've been seeing some articles that make me think about selling. Stuff about how the underlying financials don't justify the stock price. Not enough market in Canada, all speculation, etc. I don't really need the money for anything right now. Any sense in selling while it's high or should I ride the wave long term for even higher heights? My worry is there is an upcoming shareholder meeting or quarterly report or something and if it's clear the profits aren't there it'll tank. Thanks!
In at 8?! Wow. I'm averaged at 38 and not thinking of seliingM-C-G wrote:MoreTrife wrote:M-C-G wrote:
So this is related to weed, but not weed, but I think it is a near PERFECT time to buy(again, everyone should do your own research on the CEO, the management team and vision) some Radient Technologies (RDDTF). They are partially owned (I think 20% or so) by Aurora Cannabis which is obviously looking to be a huge player, to handle their oil/cbd extraction and purification. Currently trading .90 a share (one month ago .60, which was the optimal time to get in).
If you haven't looked into the extraction business, please do, huge ROI once equipment is paid off. A company handling most if not all of Aurora's extraction is going to immensely profitable IMO. A fair word of caution, Radient either doesn't know how to use press/media to drive stock price, or under guidance from Aurora (who I think may buy them out in the future) does not talk to the press. So you are basically waiting for them to be profitable and have positive earnings OR they tend to get a nice lift whenever ACB surges, which I expect you will see a fair bit of the rest of the calendar year.
Full disclosure, if you have been hanging around the boards, I am trying to be all over the Weed market because I think there is almost unlimited upside, so know I have bias on this industry.
EDIT: Adding some context around why extraction is important IMO. Recreational and pharma marijuana are going to be all about the extraction process, many people seem to think it is going to be people buying weed and smoking a joint or something. I think the reality is that you will see CDB and THC among other things extracted and as Bruce Linton says "become ingredients" in edibles, spirits, medicines, etc. That's why I see extractors as an under valued buy as we approach legalization, keep in mind, edible market should expand when additional offerings become available in Canada in 2019. I'm sure someone more knowledgeable about this stuff than me could give you better context.
MCG, you seem like you know your stuff. I'm also invested in canopy, got in at $8. I've been seeing some articles that make me think about selling. Stuff about how the underlying financials don't justify the stock price. Not enough market in Canada, all speculation, etc. I don't really need the money for anything right now. Any sense in selling while it's high or should I ride the wave long term for even higher heights? My worry is there is an upcoming shareholder meeting or quarterly report or something and if it's clear the profits aren't there it'll tank. Thanks!
Dude. If you are in at 8 there is always the “you never lose profit you take “ approach. You can’t really go wrong because you are on house money.
As I have said before, I’m in for about five years and here is why;
1. They have approved the split, so at some point I do believe they will because
2. Constellation split I believe three times as they grew so there is precedent
3. I think weed stocks are currently over valued because what people perceive as “the market” and revenue are already being factored in like they are existing sales, BUT I believe the actually Q1-Q3 revenues are going to blow people away
4. Bruce has been crystal clear he does not give a **** about being profitable prior to Oct 17, he actually calls that the pre game or something that effect, he almost thinks it’s dumb if companies are focused on profit right now over building every infrastructure for the the next year, and I believe he is right
5. Canopy has the most visionary and executional CEO in the entire industry. If there is an “amazon” in this sector it is Canopy or whatever company Bruce is working for.
So long story short, don’t feel bad about taking profit. That’s a great thing. My personal belief, is you would make at least 3X on your gains by waiting two years with potential if they split to have 4X upside on the gains you would get now.
But as always do your own due diligence and weigh having a bird in hand vs two in the Bush. You NEVER lose profit you take, right? But I am holding for a while despite having a really nice return so far.
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vlietinho wrote:In at 8?! Wow. I'm averaged at 38 and not thinking of seliingM-C-G wrote:MoreTrife wrote:
MCG, you seem like you know your stuff. I'm also invested in canopy, got in at $8. I've been seeing some articles that make me think about selling. Stuff about how the underlying financials don't justify the stock price. Not enough market in Canada, all speculation, etc. I don't really need the money for anything right now. Any sense in selling while it's high or should I ride the wave long term for even higher heights? My worry is there is an upcoming shareholder meeting or quarterly report or something and if it's clear the profits aren't there it'll tank. Thanks!
Dude. If you are in at 8 there is always the “you never lose profit you take “ approach. You can’t really go wrong because you are on house money.
As I have said before, I’m in for about five years and here is why;
1. They have approved the split, so at some point I do believe they will because
2. Constellation split I believe three times as they grew so there is precedent
3. I think weed stocks are currently over valued because what people perceive as “the market” and revenue are already being factored in like they are existing sales, BUT I believe the actually Q1-Q3 revenues are going to blow people away
4. Bruce has been crystal clear he does not give a **** about being profitable prior to Oct 17, he actually calls that the pre game or something that effect, he almost thinks it’s dumb if companies are focused on profit right now over building every infrastructure for the the next year, and I believe he is right
5. Canopy has the most visionary and executional CEO in the entire industry. If there is an “amazon” in this sector it is Canopy or whatever company Bruce is working for.
So long story short, don’t feel bad about taking profit. That’s a great thing. My personal belief, is you would make at least 3X on your gains by waiting two years with potential if they split to have 4X upside on the gains you would get now.
But as always do your own due diligence and weigh having a bird in hand vs two in the Bush. You NEVER lose profit you take, right? But I am holding for a while despite having a really nice return so far.
Sent from my iPad using Tapatalk
Sent from my G8441 using RealGM mobile app
Gianstoppable wrote:New into investing, bought 150 shares in New Age Beverages at $2.14 a few days back, saw it peak at $9.99 this morning, got greedy wanted it over $10, went to work and couldnt check until recently. Sold at $6.59, bought some back in at $5.85. Any other hot stocks to check out? Cannabis stocks are so viatole they are kinda scary but if you manage to play them right theres money to be made. Also, any long term stocks to look into?
Gant wrote:Gianstoppable wrote:New into investing, bought 150 shares in New Age Beverages at $2.14 a few days back, saw it peak at $9.99 this morning, got greedy wanted it over $10, went to work and couldnt check until recently. Sold at $6.59, bought some back in at $5.85. Any other hot stocks to check out? Cannabis stocks are so viatole they are kinda scary but if you manage to play them right theres money to be made. Also, any long term stocks to look into?
If you are new to investing you need to know:
Trading is not investing. Seeking "hot stocks" are not investing. Investing is very long term. If you want to learn about investing, you won't do it here.
Read Warren Buffett and John Bogle if you want to begin to learn how to invest, and want to get rich as safely and surely as possible.
Assuming you're young and will live a long time, the earliest money you invest wisely has the most chance to compound and make you financially independent over time.
This is pretty much a gambling thread. Maybe there's nothing wrong with that, but don't think you're learning investing here. You're learning to gamble in this thread, not invest.
I looked into your RDDTF suggestion but came across LXRP while researching. I didn't spend too much time but they (Lexaria) sound more intriguing.M-C-G wrote:vlietinho wrote:In at 8?! Wow. I'm averaged at 38 and not thinking of seliingM-C-G wrote:
Dude. If you are in at 8 there is always the “you never lose profit you take “ approach. You can’t really go wrong because you are on house money.
As I have said before, I’m in for about five years and here is why;
1. They have approved the split, so at some point I do believe they will because
2. Constellation split I believe three times as they grew so there is precedent
3. I think weed stocks are currently over valued because what people perceive as “the market” and revenue are already being factored in like they are existing sales, BUT I believe the actually Q1-Q3 revenues are going to blow people away
4. Bruce has been crystal clear he does not give a **** about being profitable prior to Oct 17, he actually calls that the pre game or something that effect, he almost thinks it’s dumb if companies are focused on profit right now over building every infrastructure for the the next year, and I believe he is right
5. Canopy has the most visionary and executional CEO in the entire industry. If there is an “amazon” in this sector it is Canopy or whatever company Bruce is working for.
So long story short, don’t feel bad about taking profit. That’s a great thing. My personal belief, is you would make at least 3X on your gains by waiting two years with potential if they split to have 4X upside on the gains you would get now.
But as always do your own due diligence and weigh having a bird in hand vs two in the Bush. You NEVER lose profit you take, right? But I am holding for a while despite having a really nice return so far.
Sent from my iPad using Tapatalk
Sent from my G8441 using RealGM mobile app
Going to add one thing, this is a post prohibition market that we can only speculate how huge it will become. Because of this reason, websites like motley fool still talk about these stocks as over valued (and they are right) according to traditional stock valuation models. They are right, but in my mind, these were the same publications encouraging shorting a stock that is up 150% in the last year, they haven't adjusted their expectations or though outside the box enough to do it. You can't apply traditional valuation models to a non traditional stock.
Has there ever been a company that was attempting to disrupt big pharma (opioid, ambien, valium, anti inflammatory), big liquor (wines, spirits, energy drinks, beer), pet health market and human supplements? I mean the only thing that Canopy isn't taking head on is big oil. And oh by the way, Canopy can do this without damage to organs, so its up to the individual to see how they think people will adopt these new products. I suspect they will. This is pulling from memory, but I believe Colorado marijuana market outsold liquor for the first time in history.
So never worry about taking your profits, that is a good thing, but I think this has great long term potential.
https://technical420.com/cannabis-article/benchmark-initiates-coverage-canopy-growth-corp-100-price-target
M-C-G wrote:
Dude. If you are in at 8 there is always the “you never lose profit you take “ approach. You can’t really go wrong because you are on house money.
As I have said before, I’m in for about five years and here is why;
1. They have approved the split, so at some point I do believe they will because
2. Constellation split I believe three times as they grew so there is precedent
3. I think weed stocks are currently over valued because what people perceive as “the market” and revenue are already being factored in like they are existing sales, BUT I believe the actually Q1-Q3 revenues are going to blow people away
4. Bruce has been crystal clear he does not give a **** about being profitable prior to Oct 17, he actually calls that the pre game or something that effect, he almost thinks it’s dumb if companies are focused on profit right now over building every infrastructure for the the next year, and I believe he is right
5. Canopy has the most visionary and executional CEO in the entire industry. If there is an “amazon” in this sector it is Canopy or whatever company Bruce is working for.
So long story short, don’t feel bad about taking profit. That’s a great thing. My personal belief, is you would make at least 3X on your gains by waiting two years with potential if they split to have 4X upside on the gains you would get now.
But as always do your own due diligence and weigh having a bird in hand vs two in the Bush. You NEVER lose profit you take, right? But I am holding for a while despite having a really nice return so far.
Sent from my iPad using Tapatalk