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25 January 2018, 02:57 PM | #481 |
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Smart!
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26 January 2018, 01:05 AM | #482 |
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ok looks like a down day today good for pickups
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26 January 2018, 04:59 AM | #483 |
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Been watching Village Farms... VFFIF...
Nice dip and rip from EMHTF this am. |
26 January 2018, 05:04 AM | #484 |
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Big dip from Aphria. Helpfully it will come back even stronger. There is some skepticism online about its trading price. Just media tho I suppose...I believe strongly we are going to see some good growth.
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26 January 2018, 05:07 AM | #485 |
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I think some of us are looking at this all wrong.
I get the temptation to check it all the time and look into the various aspects of these stocks. However, I really think this is a slow burn. Regardless of the day to day drama, as long as these companies are not simply dummy companies, they will eventually explode into long term growth. At lease that is my own uneducated theory. And I am sticking to it.
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26 January 2018, 05:26 AM | #486 |
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I picked up more Canopy, Aphria, and some Veritas.
Hoping we get a rebound tomorrow. |
26 January 2018, 05:51 AM | #487 |
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bloodbath today
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26 January 2018, 06:02 AM | #488 |
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Up
Down Up Down These Cannabis stocks are going to do this. Wait until The Attorney General, FDC start talking again.. you guys aren't stupid. You know how speculative these are right now, especially in the U.S. 2018 and these will hopefully be a monster by December if not by mid summer |
26 January 2018, 06:14 AM | #489 |
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Isn’t currency risk a factor hear? Should we be shorting FXC? (Canadian dollar etf)
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26 January 2018, 06:39 AM | #490 | |
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26 January 2018, 06:46 AM | #491 | |
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But no matter what I see, I am not adding, nor am I removing. 1 year. And then I will reevaluate. I think this is going to be big. And I dont think the daily fluctuations mean anything for a long term bet. For those riding the swings, and taking profits, adding, subtracting etc....boy oh boy. Seems stressful.
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26 January 2018, 07:39 AM | #492 |
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Ok, lost a Hulks worth today. Sorry guys, I am famous for buying up stock and the bloody thing tanks.
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26 January 2018, 07:56 AM | #493 |
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22nd Century Group.. shhhh!!
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26 January 2018, 08:02 AM | #494 | |
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Seriously though, I’m right there with you. Got into HYDDF very well, but the other positions hurt me today. Ultimately, I’m in it for the long haul, so not too terribly worried, but my Aphria position definitely made me cringe today several times over. Broke through support a couple times.
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26 January 2018, 08:07 AM | #495 |
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I'm down a Tudor for the month but I did more pickups today hoping for a rally tomorrow.
I think we can all agree it would be nice to close out January in the black. Sent from my Nexus 6 using Tapatalk |
26 January 2018, 10:10 AM | #496 |
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If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff) |
26 January 2018, 10:22 AM | #497 | |
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Ok, maybe not. |
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27 January 2018, 01:24 AM | #498 |
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picked up Aurora on the drop this morning.
I can't help it I'm addicted to catching falling blades. Looks like we're back to headed in the right direction |
27 January 2018, 02:20 AM | #499 |
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27 January 2018, 03:35 AM | #500 | |
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Sure, they have a fundamentally sound theory. But everything is a risk. Once the US starts allowing the states to move forward on their own, these guys are the top and are going to crush it. Yes. I’m speculating. But so are they. And my guess, see link I posted above, is that it’s not a matter of “if”, but “when”.
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27 January 2018, 06:03 AM | #501 | |
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A.) it is extraordinarily expensive to short Canadian Cannabis stocks and if he continues on with the trade, he will get buried by carrying costs, let alone the sharp pain of future rallies as the increasing momentum for global legalization continues. B.) if he is dumb enough to short cannabis stocks now, we should welcome him to short them even further, because when they stop shorting at their max short exposure level, and the rally resumes on additional positive catalysts leading to the impending rec launch, and eventually the actual earnings will start flooding in late-Summer, his having to cover losing short positions will be further gasoline on the fire. If you thought these companies went Parabolic in Nov/Dec 2017, “you ain’t seen nothing yet”. Would not want to be his investors. C.) even stating that Canopy’s business can be replicated for $150MM CAD is telling enough about his fundamental misunderstanding of the actual industry, and everything it takes to get licensed, build greenhouse space, hire expert cultivators, and succeed in efficient harvesting/processing/distribution. Just for comparison, a local medical marijuana cultivator/processor/dispensory has had to raise $18MM for about 12,000 sq ft of cultivation space and a single 3 customer window dispensory. Aphria alone will have 2.3MM sq ft of cultivation space up and harvesting by Jan 2019 at the latest. Lastly, I bought another 7,500 shares of Aphria on weakness yesterday, and another 10,000 shares this morning, along with 50,000 Liberty Health Sciences (long-term bet on further U.S. state legalization), and another 10,000 Hydropothecary. I believe buying cannabis stocks at these levels will prove to be a good decision in the long-run, and if they ever weaken like this again, I will deploy more $$$ at these bargain prices. No fears here. Can’t wait for the impending short squeeze! |
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27 January 2018, 08:46 AM | #502 | |
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dude, kudoos. i wish i had that kind of cash to deploy.
was at a conference today and saw canopy's open and thought... damn, that will bounce back hard. It came back 9% in a couple hours. Quote:
The CDN dollar is too high right now. It should be 10% lower imho. It's a good time for me to be buying US bank stocks from Canada though. |
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27 January 2018, 08:53 AM | #503 | |
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Some guy on CNBC said he created an ETF of 30 marijuana stocks (I don't know if Alphria is one) and there are like 26 states petitioning for medical MJ legalization.
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27 January 2018, 09:23 AM | #504 |
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Officials estimate that between the two taxes that accompany cannabis sales in the state of Nevada locals and tourists will add nearly $120 million to the budget.
Nevada charges a 15% wholesale tax to cultivators, which goes to state schools. A separate 10% retail tax is put into the states special fund. The fund that the elected officials raid now and again. Beyond taxes, the department of revenue says it has raised $6.5 million from license and application fees from businesses... It's a relatively small population state so imagine what California will bring in. They'll be able to afford to give all the illegal immigrants a nice raise. Or they can fix the school system. |
27 January 2018, 10:16 PM | #505 |
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Yes. It’s hard to find a negative media story or negative side to this final eventual step by step repeal of prohibition. It’s about time.
Money is going to talk here though. That’s the only way federally this gets legalized. Big pharma and private prisons are going to have to get outdone by “OMG look at this potential tax revenue source!” by cannabis. When this is shown by states and seen by the Feds they will have to get onboard. Plus 64% of the American public is in favor of legalization. Even more for medical cannabis use approval. Cannabis is going to need big money lobbyists and PACs too. Out with the old. In with the new but same old story I commend all of you that are willing to bet on this. History is being written on this issue in our lifetimes. |
29 January 2018, 11:48 AM | #506 |
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Colorado the first state to legalize recreational cannabis.
The numbers for 2017 are in. Sales for 2017 were 1.49 billion dollars generating 247.4 million dollars in tax revenue. Cha-Ching. This is an 85% increase from 2014 the first year of the repeal in Colorado. That’s one state folks. Imagine California’s revenue.. The cannabis train has left the station. |
30 January 2018, 01:01 AM | #507 |
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30 January 2018, 05:25 AM | #508 |
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Picked up more hydro (HYYDF) today on the drop.
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30 January 2018, 10:38 AM | #509 | |
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31 January 2018, 02:29 AM | #510 |
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The sector is taking a beating for the last few days.. any thoughts?
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