Yea CGC already allowed in US for hemp makes them 10 steps ahead of the game though.
I can’t afford it but I’m about to buy in some more!
I can’t afford it but I’m about to buy in some more!
Stock Advice Thread
- Thread starter dgtatu01
- Start date
I swore many years ago I'd buy more pot stocks, but my old, non-negotiable self says no. I'm still committed to GIS for my DRiPs. Like other publicly-traded entities, they will evolve or find another CEO who will.
Age is an impediment for sure and income is huge but we need growth also.
Is pot the next tech sector? Maybe not as a commodity but a unique consumer product might have incredible longevity as the next Coke, Tylenol or Cheerios. So choose your winner, trifecta or pick 6. I might start at some point.
Dang, tlry is now a player. I still think they’re too high right now but I might collect some before too long.
I just wish I could understand how TLRY gets a deal that CGC has had, and shoots up $10 a share in a day.
But CGC gets news that they are entering the US hemp market, and they went down 30 cents on the day and have had the deals TLRY just got in place for months!
What is it people are buying in TLRY?
But CGC gets news that they are entering the US hemp market, and they went down 30 cents on the day and have had the deals TLRY just got in place for months!
What is it people are buying in TLRY?
And I’d agree that’s awesome, it’s not a down in the dumps question. It’s a true I don’t understand or get it question as to what in the world I’m not seeing.
I guarantee if TLRY announced they are legally in the hemp market in the US their stock would jump $10-20 a share, but CGC with a 4 billion injection of cash and Constellation Brands connections behind will maybe jump $2 a share today.
I need to talk to Gordon Gekko!
I guarantee if TLRY announced they are legally in the hemp market in the US their stock would jump $10-20 a share, but CGC with a 4 billion injection of cash and Constellation Brands connections behind will maybe jump $2 a share today.
I need to talk to Gordon Gekko!
What is nice is that all this "pot" talk has crossed over from "speculation" to "soon to be reality." Constipation brands, Alzheimer-Boosh, Coke (possibly?), etc......these are major players on the world stage. And it's not like these backers are chucking $100k at a company for the "what if" factor......they're investing some serious capital. And it's still on the eve of catching a small fish (hemp bill).........the big fish (federal legalization) is still out there.
The guy from Acreage Holdings last night on Cramer said he honestly thinks it’s federally legalized next year.
Hemp is federally legal now, and pot is in 10 states.
I don’t know where or to what extent, but it sounds as though the bill included expungement from federal marijuana charges as well which is a big proactive step to the backlash of legalizing it.
To me though it screams we are in deeper shit than we know as a country because it is only gaining ground based on our need to generate new revenue streams to the tax systems.
Hemp is federally legal now, and pot is in 10 states.
I don’t know where or to what extent, but it sounds as though the bill included expungement from federal marijuana charges as well which is a big proactive step to the backlash of legalizing it.
To me though it screams we are in deeper shit than we know as a country because it is only gaining ground based on our need to generate new revenue streams to the tax systems.
In the farm bill or the criminal justice reform bill? Love him or hate him, the president just got 2 wins before the govt shuts down. And the new AG will have a lot to say about further criminal prosecution.
The father of value investing, Benjamin Graham, explained this concept by saying that in the short run, the market is like a voting machine--tallying up which firms are popular and unpopular. But in the long run, the market is like a weighing machine--assessing the substance of a company.
It’s really come to this. Posters are having legitimate financial discussions with krazykats.
Jesus H Christ.
Jesus H Christ.
Seriously, there is a ton of information in the few pages about pot stocks.....what do you want to know?
I think pot stocks are primarily speculation investments and should not be more than 10-20% of your total portfolio.
Anxious to see the financials on APHA (coming 1/11) and ACB (2/14 I believe). Should give a pretty decent idea of expectations for the legalized era in Canada. The entire sector has been a bloodbath for the most part lately, but the same can be said for much of the market.
Onto the broader scale: Apple set its 52-week low Friday. Anyone else think its almost too cheap to pass up at this point? Wanting to actually build a portfolio rather than toss money like a degenerate gambler into an infant industry. I do think buying into weed will pay off in the next 12-24 months, but only if you've placed bets on the right horses; some still seem overpriced and others have had their day in the sun already back in Oct. (for the short-term future at least).
Onto the broader scale: Apple set its 52-week low Friday. Anyone else think its almost too cheap to pass up at this point? Wanting to actually build a portfolio rather than toss money like a degenerate gambler into an infant industry. I do think buying into weed will pay off in the next 12-24 months, but only if you've placed bets on the right horses; some still seem overpriced and others have had their day in the sun already back in Oct. (for the short-term future at least).
I think it’s be a good time to buy Apple. Though the market as a whole seems fragile right now.....going through a series of ups/downs....everyone talking about the next recession that’s “about to hit.” I think the window for this Apple buy will be larger than it normally would be.
Agree with AAPL. They have a ton of cash which means they can easily weather a downturn and even snap up shares or aquire other distressed businesses on the cheap.
Apple is one of those lifetime plays. It’s a great bet to put money into and ride it throughout your entire life.
I'm still sitting on a nice cash/money market cushion in the Fidelity and Schwab accounts waiting for declines we now experience. Averaged a decent amount into Fidelity Contrafund yesterday.
Like I've stated many times, my fellow investors, we've seen this movie before. Cash positions allow adequate reactions to market swings.
Bottom line: Maintain cash especially for this.
Like I've stated many times, my fellow investors, we've seen this movie before. Cash positions allow adequate reactions to market swings.
Bottom line: Maintain cash especially for this.
Stock Market still doing its level best to Scrooge the hell out of this Christmas.
I shouldn't even care since my investment horizon is decades, but it's been a savage couple of months. Can't help but wonder how much of this is the snowball effect caused by automated selling
I shouldn't even care since my investment horizon is decades, but it's been a savage couple of months. Can't help but wonder how much of this is the snowball effect caused by automated selling
I formerly watched CNBC for years on days off, such as today. Apparently, Shark Tank took it over after 12 noon. Good grief! Additionally, Fox Business is now simply re-runs featuring Maria Bartiromo.
Our financial reporting world has officially ended as I once knew it.
Edit: Glanced at the CNBC schedule for Dec 26. Business as usual with normal broadcasts I've enjoyed over the years. And Bill Griffeth is still on the network. Life is good.
Our financial reporting world has officially ended as I once knew it.
Edit: Glanced at the CNBC schedule for Dec 26. Business as usual with normal broadcasts I've enjoyed over the years. And Bill Griffeth is still on the network. Life is good.
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Personally own STZ but occasionally these companies are run by people who make mistakes too. Ultimately stocks go up based upon how much money they make not based on something like the government is shut down. That’s called noise in my industry. Remember it earnings earnings earnings. That’s why this is a golden buying opportunity in my opinion.
No I don’t think Constellation would do that unless they thought they would eventually make money.
I thought about investing in the market a few months ago. I'm glad I didn't now. I'm not going to look at it again as long as Trump is in office. Too unpredictable and unstable.
If it was just CGC then I’d worry, but the market as a whole is tanking. I’m treating this like any down period....I’m buying.
But as I said earlier, investments like CGC are such a small portion of my portfolio. It’s my riskier portion.....and so I don’t mind the loss as much.
Really? If you invested the day after Trump took office, 11/10/16 (DJIA closing 18807.94) and left them money invested until today, 12/26/18 (DJIA closing 22,878.45), you would be up 21.6% over a little over 2 years, despite whatever slide has occurred over the past several months. If you sat it out, that's your dumb choice.
The stock market is by nature unpredictable and unstable, regardless of who is governing. However, the stock market over the long run will yield profits. Always has, always will.
Quit being dumb and politically motivated, and invest your money in the stock market, schmuck.
Today was a great day in a bad market that is extremely unpredictable. One tweet tomorrow could wipe away all the gains today. But in this or any market, it's nearly impossible to time when to buy or sell.
For this reason and especially if employed, investors should regularly contribute to a wide variety of asset classes for diversification purposes and retirement income. Most workers do this thru their company's 401k plan but no reason you can't take some of your discretionary income to regularly contribute to an IRA or ordinary brokerage account as well.
To some it might sound like a broken record, but things like dollar-cost averaging, the rule of 72, decades of dividend hikes and compounding interest are your friend.
For this reason and especially if employed, investors should regularly contribute to a wide variety of asset classes for diversification purposes and retirement income. Most workers do this thru their company's 401k plan but no reason you can't take some of your discretionary income to regularly contribute to an IRA or ordinary brokerage account as well.
To some it might sound like a broken record, but things like dollar-cost averaging, the rule of 72, decades of dividend hikes and compounding interest are your friend.
