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Stock Advice Thread

lz said:
I did some nibbling today, opened up 1/2 positions on AZO ALSN CROX, sold EW, hope to get it again lower.
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I imagine this is how my GF feels when she goes to the mall (with my cc).....I love buying/opening new positions!

I did some nibbling as well today, initiating partial positions in:

1/4 position in Tableau Software (DATA) $118.01.

1/4 position in Ceragon Networks (CRNT) $3.85

1/3 position in STMicroelectronics (STM) $13.86

So I am at 10 new positions, but there are several companies out there that I'd still like a piece of, including a few names that I think you're in on lz: such as CRM, V and PYPL being on my "watch" list.
 
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jameslee32 said:
My wife lived in Tipp City and I was much further south in Miamisburg but we didn't know each other in those days. We met in Cincinnati in 1999 after I had returned to NKY in 1993. Anyway you have some nice gains in the pot space. I was looking at IIPR just last week as an alternative play. Nicely done sir! I still have a small position in MU but was spooked on the way down at $37 and sold most of it then.
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I know both Tipp and Miamisburg, but obviously with Troy and Tipp adjoining, I know Tipp much better, lol. I see from your profile that you're a Cake Eater now. :smiley: Great area on the right side of the river!

I did quite a bit more study over the weekend, and the IIPR will/would be my 2nd Marijuana/Cannabis play if I get the chance to add any more new positions. So as it stands today with marijuana/cannibis, I just have the 1/2 position in CGC the I opened last Wed. morning at $30.35. With CGC closing at $42.49 today, I may be faced with "sell" a decision yet this week, lol. I can't say that I've ever been up 40% at the end of the 4th trading day, unless it was an option trade. I initiated the position as a long-term play, but I'm not too "old-school"/inflexible to not take down a quick profit if the technicals suggest there's a good chance I can buy back on a pullback/retrace. I'll let it play out and adjust accordingly.

Thanks for the kind words.
 
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DaytonKat said:
I imagine this is how my GF feels when she goes to the mall (with my cc).....I love buying/opening new positions!

I did some nibbling as well today, initiating partial positions in:

1/4 position in Tableau Software (DATA) $118.01.

1/4 position in Ceragon Networks (CRNT) $3.85

1/3 position in STMicroelectronics (STM) $13.86

So I am at 10 new positions, but there are several companies out there that I'd still like a piece of, including a few names that I think you're in on lz: such as CRM, V and PYPL being on my "watch" list.
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Dayton, you have several picks I have never followed...most interesting, I like it. I have held DATA, got pricey, I would like to add to CRM, V, PYPL, but need them to drop. I probably bought CROX too high today, why I sat and did nothing but watch it go up the last two years, I have no idea.:weary:
 
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lz said:
Dayton, you have several picks I have never followed...most interesting, I like it. I have held DATA, got pricey, I would like to add to CRM, V, PYPL, but need them to drop. I probably bought CROX too high today, why I sat and did nothing but watch it go up the last two years, I have no idea.:weary:
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In re to "pricey", that's something that I am working through as well and it had an influence on my only starting out with 1/4 of DATA, with those other names not making it off the "watch" list. Here are two more that I very much want to own, but I'm struggling with "pricey": XLNX, ADSK. So the CRM, V, PYPL, XLNX and ADSK are still on "watch" list, while I nibbled on DATA first out of that group.
 
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Thanks for all the comments. I enjoy reading them and doing the research and seeing what happens with stuff. Fairly new to investing and I thought about jumping on CGC when it was at 26 and change, but didn't pull the trigger. Kicking myself now. haha
 
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Comebakatz3 said:
Thanks for all the comments. I enjoy reading them and doing the research and seeing what happens with stuff. Fairly new to investing and I thought about jumping on CGC when it was at 26 and change, but didn't pull the trigger. Kicking myself now. haha
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Welcome to the world of kicking onesself! I sold EW yesterday, today it’s up nearly $10 a share after settling a patent infringement...wish I were smart enough to anticipate that! You just move onward to the next play, similarly to playing sports. Notice the experienced investors here hold several stocks to offset screwups, I have 200 sh of CGC myself, won’t sell, will hold and accumulate on significant drops, IMHO. If you can’t buy more stocks currently, gradually feed extra money from your paychecks into your brokerage account so that you can diversify over time. Been there, done that, now retired.
 
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lz said:
Dayton, you have several picks I have never followed...most interesting, I like it. I have held DATA, got pricey, I would like to add to CRM, V, PYPL, but need them to drop. I probably bought CROX too high today, why I sat and did nothing but watch it go up the last two years, I have no idea.:weary:
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CRM, V and PYPL have been such winners but all 3 have basically stalled in a range for 6 months but I'd be more inclined to add more also. CROX has the best looking chart. Apparel can be flaky though. Good luck buddy!
 
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lz said:
Welcome to the world of kicking onesself! I sold EW yesterday, today it’s up nearly $10 a share after settling a patent infringement...wish I were smart enough to anticipate that! You just move onward to the next play, similarly to playing sports. Notice the experienced investors here hold several stocks to offset screwups, I have 200 sh of CGC myself, won’t sell, will hold and accumulate on significant drops, IMHO. If you can’t buy more stocks currently, gradually feed extra money from your paychecks into your brokerage account so that you can diversify over time. Been there, done that, now retired.
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Bad timing, that sucks!
Yeah diversification is key.
 
Comebakatz3 said:
Thanks for all the comments. I enjoy reading them and doing the research and seeing what happens with stuff. Fairly new to investing and I thought about jumping on CGC when it was at 26 and change, but didn't pull the trigger. Kicking myself now. haha
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Kicking oneself....know that feeling well!! I had put a limit order before the open to buy some more CGC, to take the new position up from 1/2 position to 3/4. I set the limit order at $40.60. Just got back in to see that the traders had brought all the way down to $40.80 after spending most of the day in the green. So I I just now went ahead and changed my buy order to market, not wanting to have another of those kicking oneself moments

Went off at $41.52; so now 50% at $30.35 from last Wed. and then 25% today at 41.52.
 
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In re to CGC, won't mind seeing an opportunity tomorrow somewhere lower than that $41.52 paid here to complete the final 25%.
 
After news of CGC getting into the US, the stock dropped $1 a share today.

I swear I’ve never seen a stock go down on good news like they do!
 
krazykats said:
After news of CGC getting into the US, the stock dropped $1 a share today.

I swear I’ve never seen a stock go down on good news like they do!
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I was happy to see was red when I got back to screen some time after 3:30. Think today's action was very healthy/positive on the way back to eventually re-test the 52-week high.
 
As good as CGC has been doing lately, I expect it to yo-yo a few more times before it starts to progress at an upward trend over the long run. Though, when to pull the trigger on the yo-yo's is anyone's guess.
 
DaytonKat said:
I was happy to see was red when I got back to screen some time after 3:30. Think today's action was very healthy/positive on the way back to eventually re-test the 52-week high.
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Think the likely new Attorney General threw a wet blanket over cannabis today....welp, AGs come and go.
 
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lz said:
Think the likely new Attorney General threw a wet blanket over cannabis today....welp, AGs come and go.
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LOL @ AG's come and go! :smiley:

My take on what the AG said must be a little different. I heard him say that he would not upset those interests that have acted in reliance on the Cole Memorandum. In an effort to clarify, he went on further to say that he would not go after Companies that relied on the Cole Memorandum.

From where I sit, the action in CGC today was in no way a bearish reversal of the current uptrend. After opening above yesterday's close, the bull's were in control for most of the day. IMHO we saw some profit taking from "traders' in the late afternoon. Today's close is within the upper ranges of the body of yesterday's candle. What I'd like to see, and won't be surprised, is for tomorrow's close to still be within the body (large) of Monday's candle, giving us a two "breather" days before continuing upward, lol. :sunglasses:
 
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DaytonKat said:
LOL @ AG's come and go! :smiley:

My take on what the AG said must be a little different. I heard him say that he would not upset those interests that have acted in reliance on the Cole Memorandum. In an effort to clarify, he went on further to say that he would not go after Companies that relied on the Cole Memorandum.

From where I sit, the action in CGC today was in no way a bearish reversal of the current uptrend. After opening above yesterday's close, the bull's were in control for most of the day. IMHO we saw some profit taking from "traders' in the late afternoon. Today's close is within the upper ranges of the body of yesterday's candle. What I'd like to see, and won't be surprised, is for tomorrow's close to still be within the body (large) of Monday's candle, giving us a two "breather" days before continuing upward, lol. :sunglasses:
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Just a blip today causing CGC to drop: “At a confirmation hearing Tuesday, attorney general nominee William Barr said that the current system around marijuana laws is 'untenable' and he personally supports prohibiting marijuana across the U.S. But, Barr said that under the current set of laws he would not go after cannabis businesses that comply with state regulations and a rescinded Justice Department memo.”
 
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lz said:
Think the likely new Attorney General threw a wet blanket over cannabis today....welp, AGs come and go.
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To edit: I went back to the video of the Barr's exchange withe Booker ( I wish Booker would have just let Barr keep talking in answering the original question, without interrupting), and I guess the wet noodle you refer to is Barr's personal viewpoints. That being said, I saw a man who would be fine with clear and un-conflicting laws either way, i.e., fix the laws, which making more than just hemp legal at the federal level is the most efficient/easiest approach.

Video link:

https://storage.googleapis.com/afs-....org:70c9f382a3709403f40f6d7034006cca/856.mp4
 
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DaytonKat said:
From where I sit, the action in CGC today was in no way a bearish reversal of the current uptrend. After opening above yesterday's close, the bull's were in control for most of the day. IMHO we saw some profit taking from "traders' in the late afternoon. Today's close is within the upper ranges of the body of yesterday's candle. What I'd like to see, and won't be surprised, is for tomorrow's close to still be within the body (large) of Monday's candle, giving us a two "breather" days before continuing upward, lol. :sunglasses:
Click to expand...

I'd liked how CGC traded yesterday. It did end-up being a "breather" day with a close within the body of Monday's candle on average volume. I'd love to see even another breather-type day here today; a day where trade mostly and still close within the body (upper half) of Monday's candle or slightly above. A pause before making a stab at the resistance overhead.
 
Question'O'The'Day

Word is that CGC is building a huge New York campus to first produce hemp based products, but also to build for the future. And they are going to start releasing hemp products later this yr.......however, the thought is that it'll take 1-2 yrs before CGC really becomes a major player in the US hemp business.

Right now companies like Charlotte's Web have the corner on the US hemp industry.

https://www.marketwatch.com/investing/stock/cwbhf

Would you consider picking up some CWBHF? Or just keep accumulating the big boys?
 
BlueRaider22 said:
Question'O'The'Day

Word is that CGC is building a huge New York campus to first produce hemp based products, but also to build for the future. And they are going to start releasing hemp products later this yr.......however, the thought is that it'll take 1-2 yrs before CGC really becomes a major player in the US hemp business.

Right now companies like Charlotte's Web have the corner on the US hemp industry.

https://www.marketwatch.com/investing/stock/cwbhf

Would you consider picking up some CWBHF? Or just keep accumulating the big boys?
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Personally, I'm not much for buying OTC companies, but that's just a personal bias as I know nothing about Charlotte's Web. When I spent considerable time in researching the sector before initially selecting CGC, I decided that it was important for me to concentrate on those companies with market caps above $500mm and either listed or about to be listed here in the U.S.

As it stands now, if I were to add a 2nd company in the sector, it would most likely be the REIT, IIPR. Also, I know HEXO Corp. applied to be listed, i.e., has a pending application.

To conclude: no opinion on CWBHF.
 
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CGC......

TORONTO, Jan. 17, 2019 (GLOBE NEWSWIRE) — Canopy Rivers Inc. (the “Company” or “Canopy Rivers”) (TSXV: RIV) is pleased to provide an update on the operations of Canapar SrL (“Canapar), an Italian-based hemp production and processing platform and subsidiary of portfolio company, Canapar Corp. Yesterday evening, in Ragusa, Sicily, Canapar hosted a ribbon cutting ceremony for its new cannabidiol (“CBD”) extraction and processing facility. When completed in Fall 2019, this facility is expected to be the largest in Europe. Through its advanced extraction and processing capabilities, it is anticipated to transform 600 metric tons of hemp biomass annually into CBD isolates and derivative products for distribution in the European market.

Read more......

http://www.cbj.ca/canopy-rivers-pro...ieved-by-its-italian-hemp-focused-investment/
 
Interesting what Cramer said “Folks, I know cannabis is the more exciting topic, but right now I want to help you make money....” :) We get it Cramer, it will take a few years, we’re just accumulating some!
 
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I saw that and he is right for now. Marijuana is such an unknown right now that the smart guys know if it’s profitable they will make money on it later.

Too many examples of this shooting star stock just flaming out, and I’d agree. Especially with the CEO saying he wants to be the amazon of marijuana, which was meant to say every dollar they make is going back into something so they will be operating at a negative, not good to investors.

BUT, this isn’t the shooting star the smart investors are used to IMO. Up $17 a share in 2 weeks and we’ll on its way back into the $50’s is profits.
 
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lz said:
Interesting what Cramer said “Folks, I know cannabis is the more exciting topic, but right now I want to help you make money....” :) We get it Cramer, it will take a few years, we’re just accumulating some!
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Exactly. Tell Cramer that CGC represents less than 5% of the "non-modern portfolio theory" account that we have and that we enjoy the excitement from the cannabis sector knowing that if it goes to zero we still pay our bills and eat the same tomorrow, lol
 
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DaytonKat said:
Exactly. Tell Cramer that CGC represents less than 5% of the "non-modern portfolio theory" account that we have and that we enjoy the excitement from the cannabis sector knowing that if it goes to zero we still pay our bills and eat the same tomorrow, lol
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Wasn’t “Church of what’s happening Now” the nickname the late great CNBC commentator, Mark, fondly gave Cramer?
 
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lz said:
Wasn’t “Church of what’s happening Now” the nickname the late great CNBC commentator, Mark, fondly gave Cramer?
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I haven't a clue. I tuned Cramer out many, many years ago. I do enjoy getting the tidbits and quips from others, and since he does have a following one could argue the information is worthy to know, even if contrarian. Personally, I'd rather know what you're buying than Cramer, lol.
 
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DaytonKat said:
I haven't a clue. I tuned Cramer out many, many years ago. I do enjoy getting the tidbits and quips from others, and since he does have a following one could argue the information is worthy to know, even if contrarian. Personally, I'd rather know what you're buying than Cramer, lol.
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I think his picks and several others were rated poorly a few years ago by an impartial service, never watch his show, just see him in the 1 hour morning segment. I do think he often moves a stock for a half day or so, I’m always wary.
 
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jameslee32 said:
Stocks plowing on higher after another slow start. Good sign.
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Would be nice for Jan to be up, James, despite all the negatives. I suspect Trump tries the Emergency situation to get his 5-6 billion for the wall, maybe that works and people can go back to work, that would help the market some for sure.
 
lz said:
Would be nice for Jan to be up, James, despite all the negatives. I suspect Trump tries the Emergency situation to get his 5-6 billion for the wall, maybe that works and people can go back to work, that would help the market some for sure.
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I think it will be up for the month of January. Any negative effects of the shutdown will be felt later in the first quarter is my guess but there sure is no end in sight.
 
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DaytonKat said:
I'd liked how CGC traded yesterday. It did end-up being a "breather" day with a close within the body of Monday's candle on average volume. I'd love to see even another breather-type day here today; a day where trade mostly and still close within the body (upper half) of Monday's candle or slightly above. A pause before making a stab at the resistance overhead.
Click to expand...

We got the day I was hoping for in re to CGC. Today we did trade mostly up for the day and then closed just slightly above the body of Monday's candle. Holding high and tight! Obviously the longer we can pause (hold high and tight), the more profound any advancement upward. That being said, while I'm hoping for another "pause" day that holds high and tight, I would not be surprised that tomorrow shows a move toward $46 - $47. Should that move happen tomorrow, it may be a little too early to push on thru to test the $56 - 57 highs from last October (IMHO).

Option expiration day tomorrow.

Any other thoughts?
 
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DaytonKat said:
We got the day I was hoping for in re to CGC. Today we did trade mostly up for the day and then closed just slightly above the body of Monday's candle. Holding high and tight! Obviously the longer we can pause (hold high and tight), the more profound any advancement upward. That being said, while I'm hoping for another "pause" day that holds high and tight, I would not be surprised that tomorrow shows a move toward $46 - $47. Should that move happen tomorrow, it may be a little too early to push on thru to test the $56 - 57 highs from last October (IMHO).

Option expiration day tomorrow.

Any other thoughts?
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Glad you are into the technical side, I’m literally all fundamentals, both helpful!
 
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lz said:
Glad you are into the technical side, I’m literally all fundamentals, both helpful!
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We'll given my education and professional background (if I recall, similar to yours), fundamentals are the bread and butter, the meat and potatoes, and the tall glass of milk!! That being said, I have learned some things from the old "tape watchers", Murphy's T/A treatise, Japanese candlesticks, etc., to get a feel for the psychology side of the "crowd".
 
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