Marijuana stocks

Discussion in 'Finance, Investing & Careers' started by billybob, Nov 16, 2016.

  1. Relentless

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    Why do you say that? They trace and index and have a next to nothing management fee.
     
  2. billybob

    billybob
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    The Schooner, the better.

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    Will already be priced into most stocks. If they follow through with Legalization, tiny bump. If, for some reason, it isn't legalized, there will be a big drop.
     
  3. Relentless

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    Agreed, buy on rumor sell on news. I got a push notification saying that the legalization bill would be tabled on Thursday. Be prepared for profit taking later in the week. If it's not a long term hold for you guys I would suggest selling.
     
  4. Boots

    www.reality-check.ca

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    I'm in for retirement :rofl:
     
  5. infatuous

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    This applies to the current demand for legal marijuana, but does it account for increased demand in the long term as more and more users make the switch from booze? Even with this in the pipeline, there is still a ton of stigma attached to pot. Like, my family all know I use it, but I'm not breaking it out at the family Christmas dinner with 10 other family members yet. Alcohol is still the accepted social drug of choice. I see a lot of people moving away from booze in the future when they realize how harmful it is compared to pot. The social aspect of this could still take years or decades.
     
  6. billybob

    billybob
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    The Schooner, the better.

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    There will be big growth in the long term. Just don't expect a quick double when legalization framework is announced.
     
  7. billybob

    billybob
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    The Schooner, the better.

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    Just cashed out of HMMJ with a 12.5% take in less than 4 days. Not too shabby.
     
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  8. Boots

    www.reality-check.ca

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    Pretty nice afternoon for those in these stocks :o
     
  9. Duggan

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    Quite the correction today.
     
  10. Boots

    www.reality-check.ca

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    indeed :rofl:
     
  11. Cooper

    FTP

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    I just like giddy the topic makes you :lol:
     
  12. Boots

    www.reality-check.ca

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    :lol:

    Laughing at how ridiculous the whole thing is from me doing this myself to what I'm actually buying haha
     
  13. billybob

    billybob
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    The Schooner, the better.

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    Anybody following what RTI and ACB are up to?

    RTI's MAP tech is pretty cool and they have a real shot at lightspeed in the oils market. Just makes me nervous that RCI's balance sheet sucks so much. ACB is floating them right now so they must be optimistic of the outcome of their research.
     
  14. Boots

    www.reality-check.ca

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    I took a quick glance. Proprietary oil extraction method?
     
  15. billybob

    billybob
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    The Schooner, the better.

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    Yeah and it is supposed to be way more efficient if it works how they think it will.
     
  16. Bengroceriesdiscount

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    Hard to find a tendency now
     
  17. billybob

    billybob
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    The Schooner, the better.

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    Hopefully we see the bounce today! Lots of sell offs the past few weeks.

    I got a little carried away averaging down on canopy since I bought it at 9.95 last week. :lol:
     
  18. Duggan

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    Wasn't looking good first thing this am.
     
  19. billybob

    billybob
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    The Schooner, the better.

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    I put a big buy in at 7.40 and got it. Brought my average cost down to 8.36 so hopefully there is a big run.
     
  20. Duggan

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    Here's hoping
     
  21. infatuous

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    Considering getting in again. I'm having lots of luck elsewhere in the market right now. Not sure if I want to jinx it getting back into weed.
     

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