Hey, wanna buy some weed????
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Bought a couple stocks off "gut feelings" today. (which I do not recommend)
Different ends of the spectrum....jumping in on gains and jumping in on dips.
Alamos Gold (AMGGF) was up over 1000% Friday. This stock traded @ $.01 on Thursday
I did not do my due diligence, I just went in on a whim to see if I could ride along and profit little on the assumption that there was still some meat on the bone. I chased a bit and bought in at $.425 Unfortunately it instantly went down 35% over the next 45 minutes. Now I'm waiting it out for the day to see how much I can recover. Its coming back alittle....Currently trading @ $.33
On the other one..... Propanc BioPharma (PPCB) was off 47.7% Friday and it nagged me all weekend because I could find a good reason. So I bought on open this morning hoping to profit from a rebound. This turned out to be a good move thus far, as they are up 33.68% (even though I still have no idea why)
So one loser and one winner. This is literally like black jack.
I'm pretty sure my methods are a recipe for ruin over time, so discipline will need to make an appearance if I am to make any real money.
Different ends of the spectrum....jumping in on gains and jumping in on dips.
Alamos Gold (AMGGF) was up over 1000% Friday. This stock traded @ $.01 on Thursday
I did not do my due diligence, I just went in on a whim to see if I could ride along and profit little on the assumption that there was still some meat on the bone. I chased a bit and bought in at $.425 Unfortunately it instantly went down 35% over the next 45 minutes. Now I'm waiting it out for the day to see how much I can recover. Its coming back alittle....Currently trading @ $.33
On the other one..... Propanc BioPharma (PPCB) was off 47.7% Friday and it nagged me all weekend because I could find a good reason. So I bought on open this morning hoping to profit from a rebound. This turned out to be a good move thus far, as they are up 33.68% (even though I still have no idea why)
So one loser and one winner. This is literally like black jack.
I'm pretty sure my methods are a recipe for ruin over time, so discipline will need to make an appearance if I am to make any real money.
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Check out FRED.. selling client files to Walgreens for $185 mill caused shares to jump up 80% today from 1,60 to 2.95...I jumped on 100 shares at 2.10...will be watching it to sell 1st thing when markets open in morning if it starts to drop
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- #44
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Weed stocks gone crazzzzy.
I don't own Tilray, but that's the one everyone seems to love. Its way overvalued and I think thats pretty obvious, but there's some kind of craze for it in America. I'm worried that the empty bubble Tilray is blowing will pop and fuck up the entire sector, because the gains lack the earnings to support them.
The one I own is one I mentioned in the Original post., ACBFF (Aurora). Its also the one that had to briefly suspend trading yesterday morning in order to release a statement that said it was NOT in a deal with Coke.
Im up almost 40% in the month since I've started. Feel pretty lucky with the rookie mistakes I've made. Today I added 500 bucks to the account and bought ICNAF (Integrated Cannabis Co) and it was up 8.38% on the day but just 5.1% for me. Its not one I want to keep, just bought on trend to make a buck. Will probably sell it tomorrow if I find some other crazy idea to try. It seems to be 50% reading and 50% luck. I admit I was too timid 2 days ago when NBEV was 1.81 ...I thought to buy it but didnt trust my insicnts. Today it closed at $4.37 and I am kicking myself.
Anyway...I'm a guppie in a pool of sharks with my modest 2000 dollar effort. So far I'm up to 2800 and hope to continue the lucky streak
I don't own Tilray, but that's the one everyone seems to love. Its way overvalued and I think thats pretty obvious, but there's some kind of craze for it in America. I'm worried that the empty bubble Tilray is blowing will pop and fuck up the entire sector, because the gains lack the earnings to support them.
The one I own is one I mentioned in the Original post., ACBFF (Aurora). Its also the one that had to briefly suspend trading yesterday morning in order to release a statement that said it was NOT in a deal with Coke.
Im up almost 40% in the month since I've started. Feel pretty lucky with the rookie mistakes I've made. Today I added 500 bucks to the account and bought ICNAF (Integrated Cannabis Co) and it was up 8.38% on the day but just 5.1% for me. Its not one I want to keep, just bought on trend to make a buck. Will probably sell it tomorrow if I find some other crazy idea to try. It seems to be 50% reading and 50% luck. I admit I was too timid 2 days ago when NBEV was 1.81 ...I thought to buy it but didnt trust my insicnts. Today it closed at $4.37 and I am kicking myself.
Anyway...I'm a guppie in a pool of sharks with my modest 2000 dollar effort. So far I'm up to 2800 and hope to continue the lucky streak
Last edited:
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Update to no one in particular...
Friday was an off day for the Cannabis sector. My watch list, which consists of about 30 ticker symbols all related to Cannabis, was a complete sea of red...losses across the board, except for a tiny nugget called ALEAF (Aleafia Health)
That stock, is one I just happened to have purchased the afternoon before based on news that the symbol was being added to a major ETF fund because of "superior business results".
I thought...."Huh?, A cannabis company with actual earnings and actual business results?" No speculation, no bubble, no hype? Just results. So I bought 700 dollars worth and made $41 in the last two hours Thursday. On Friday, with everyone taking losses, ALEAF made a 17.89% gain, or $155 in Dog Language.
Aleafia Health Inc. U.S.: OTC: ALEAF
$1.86
+0.28 (+17.89%)
Volume 3.2M
Open $1.60
High $1.88
Low $1.60
So....I made it through a bloody day with gain of about 53 dollars after losses on my other positions.... and I was pretty proud of myself for winning in a losing sector.So I decided to youtube some info on trading and maybe learn something instead of winging it like I have been. And learn something I did ....Trading on Margins. Rut Roh....Dog just learned a new trick. I think I am about to embark on a journey where I will purchase securities on margin. As I told the Fidelity rep when I called to follow up on margin trading " My goal is to increase my net worth by using YOUR money, so thank you in advance."
I'm gonna slow play it, but she sent me the info and application via email. Buying on margin basically means you are borrowing money to purchase a portion of your position. With Fidelity, I can purchase a stock on Margin as long as 35% of the purchase comes from me. In the case of ALEAF, If I had a margins account, I could have bought $2100 worth of the stock and made $465 instead of $700/$155. Fidelty would then recieve a 5% interest fee if I keep the stock overnight. However, if I sell before trading ends that day, there is NO interest charged. Fidelity gets thier money back and I get the $465. Now, the gain on my $700 becomes 53.7% instead of 17.89%
I'm gonna sit on this a day or so, do some reading, and make absolutley sure its THAT fucking easy before I try it.
Friday was an off day for the Cannabis sector. My watch list, which consists of about 30 ticker symbols all related to Cannabis, was a complete sea of red...losses across the board, except for a tiny nugget called ALEAF (Aleafia Health)
That stock, is one I just happened to have purchased the afternoon before based on news that the symbol was being added to a major ETF fund because of "superior business results".
I thought...."Huh?, A cannabis company with actual earnings and actual business results?" No speculation, no bubble, no hype? Just results. So I bought 700 dollars worth and made $41 in the last two hours Thursday. On Friday, with everyone taking losses, ALEAF made a 17.89% gain, or $155 in Dog Language.
Aleafia Health Inc. U.S.: OTC: ALEAF
$1.86
+0.28 (+17.89%)
Volume 3.2M
Open $1.60
High $1.88
Low $1.60
So....I made it through a bloody day with gain of about 53 dollars after losses on my other positions.... and I was pretty proud of myself for winning in a losing sector.So I decided to youtube some info on trading and maybe learn something instead of winging it like I have been. And learn something I did ....Trading on Margins. Rut Roh....Dog just learned a new trick. I think I am about to embark on a journey where I will purchase securities on margin. As I told the Fidelity rep when I called to follow up on margin trading " My goal is to increase my net worth by using YOUR money, so thank you in advance."
I'm gonna slow play it, but she sent me the info and application via email. Buying on margin basically means you are borrowing money to purchase a portion of your position. With Fidelity, I can purchase a stock on Margin as long as 35% of the purchase comes from me. In the case of ALEAF, If I had a margins account, I could have bought $2100 worth of the stock and made $465 instead of $700/$155. Fidelty would then recieve a 5% interest fee if I keep the stock overnight. However, if I sell before trading ends that day, there is NO interest charged. Fidelity gets thier money back and I get the $465. Now, the gain on my $700 becomes 53.7% instead of 17.89%
I'm gonna sit on this a day or so, do some reading, and make absolutley sure its THAT fucking easy before I try it.
Alan
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Alan
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Could be Les but I think location is much less important than who you're smoking with. :grouphug:
We own 2 houses in Orlando that we rent out so my wife goes there often to "supervise."
I never go with her because my daughter and I use the opportunity to visit my new granddaughter in Soledad, CA. Where are you in the state?
LesBaker
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Could be Les but I think location is much less important than who you're smoking with. :grouphug:
We own 2 houses in Orlando that we rent out so my wife goes there often to "supervise."
I'm in Bonita Springs/Naples
Alan
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Fucking Supreme just cant seem to move! Ive been in and out of it 3 times. While I caught 1 good day with the 25% jump, it just wont move beyond that. In alot of ways, its handcuffed me by tying up funds. So I got out on Monday but still like thier position long term.
On the other hand.... my daughters darling weed stock, Aurora, is about to pop. I've been holding $1500 worth of ACBFF for weeks waiting on the following news...
Aurora Cannabis (ACBFF) today filed SEC form 40-F to up list to the NYSE from the Canadian OTC market. Approval should take 8-10 days and coincide with the Oct 17th date of legalizing recreational use in Canada. This would put the Aurora Brand accessible to many more American investors who are going stir crazy over the cannabis industry. The timing cannot be incidental. Brilliant marketing ploy.
Theres some speculation that, If....and it's a big if, there just happens to be an announcement of a CBD beverage deal around the same time frame that this thing will rocket upward.
Either way...my position has a modest $1,900 value, up $400 from my initial investment, and I plan to buy $1,000 more at opening bell Monday to take advantage of the market hype.
Those that are watching know there was brief mention early last month that Coke was in talks with Aurora. Both Coca Cola and Aurora quickly shut down those rumors. I think though, that where theres smoke, theres fire. So it should be noted that Coke last week divested it's ownership of Coca Cola Refreshments Canada. This made Coca Cola Bottling Canada, a Canadian Company, the sole owner of all Coke positions in Canada. This transaction could clear the way for Coke to get into the CBD business while not actually having the parent company in the USA be the owner. It would also allow test marketing and product releases to take place in Canada while Backbone America cools to the thought. The strategy could nullify the assumption that the 100 year old iconic brand would take a social hit in America.
Stretch? Perhaps. I really am speculating but I'm not the only one taking things to this degree of possibility.
If all of the above happens, my expectation is....that somewhere around the 20th of this month, my $2500 investment will be worth near $10,000. Too bad I can't stake more on it.
On the other hand.... my daughters darling weed stock, Aurora, is about to pop. I've been holding $1500 worth of ACBFF for weeks waiting on the following news...
Aurora Cannabis (ACBFF) today filed SEC form 40-F to up list to the NYSE from the Canadian OTC market. Approval should take 8-10 days and coincide with the Oct 17th date of legalizing recreational use in Canada. This would put the Aurora Brand accessible to many more American investors who are going stir crazy over the cannabis industry. The timing cannot be incidental. Brilliant marketing ploy.
Theres some speculation that, If....and it's a big if, there just happens to be an announcement of a CBD beverage deal around the same time frame that this thing will rocket upward.
Either way...my position has a modest $1,900 value, up $400 from my initial investment, and I plan to buy $1,000 more at opening bell Monday to take advantage of the market hype.
Those that are watching know there was brief mention early last month that Coke was in talks with Aurora. Both Coca Cola and Aurora quickly shut down those rumors. I think though, that where theres smoke, theres fire. So it should be noted that Coke last week divested it's ownership of Coca Cola Refreshments Canada. This made Coca Cola Bottling Canada, a Canadian Company, the sole owner of all Coke positions in Canada. This transaction could clear the way for Coke to get into the CBD business while not actually having the parent company in the USA be the owner. It would also allow test marketing and product releases to take place in Canada while Backbone America cools to the thought. The strategy could nullify the assumption that the 100 year old iconic brand would take a social hit in America.
Stretch? Perhaps. I really am speculating but I'm not the only one taking things to this degree of possibility.
If all of the above happens, my expectation is....that somewhere around the 20th of this month, my $2500 investment will be worth near $10,000. Too bad I can't stake more on it.
LesBaker
Mr. Savant
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I've done the drive in 3.75 hours, and that's typical. Let me know if you end up down here.
Irma.........well. It was a complete clusterfuck, and the repair work is still going on. My condo community is just now 2/3 of the way through getting the roof replaced. Signs on buildings are still in need of replacement all over. You can see it's still not back together. A year later we have blue tarps all around.
Further south deeper into Naples it was really bad and many people are still not back in their homes, even some of the multi-million dollar homes are still under repair. If there was water damage inside a house much of the time they have to be gutted because of mold. One person I know that I worked with in the past has been out of their house since the storm and will be for who knows how long. He told me that in the weeks after you could stand on the front steps and smell the mold. Right after the storm there was a lot of rain for a fwe days so if windowws or structural damage allowed water in you were screwed. Some trades are still booked 8-12 months out for work and it's been a year since the hurricane.
Businesses in some cases were closed for a month or more, especially some of the resorts on the beach, which means a lot of people were out of work. It had a harsh impact.
I was luckier than people further down the coast, even just 10 miles south. There was a pocket that didn't take significant damage and I am in one part of it so that was good. A quarter mile from me was a totally different story, lots of damage compared to here.
And now we have Red Tide and Green Slime.
Alan
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It's only going to get worse Les. There's no such thing as a "once in a 100 years" storm anymore, we'll have them almost every year. Among other things, rebuilding Puerto Rico is a fool's errand. Every coastal area is at risk and by coastal I mean within 100 to 200 miles of the coast. Look what happened with Florence and in Houston last year. It's not the wind it's the rain/flooding. New Hampshire is nice and has a reasonable cost of living. I feel sorry for @-X- as he moved from the frying pan into the fire.LesBaker with the bad news:
I'll definitely give you a heads up if I come down. Same for you if you find your way up north. You're welcome to stay at our house for a few days.
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