The Piper Jaffray analyst is providing that the stock should get to $60 with a reasonable time frame, typically that's one year. With the stock at around $44 from yesterday's close, that analyst raised his target price to $60, i.e., 36% appreciation within the next 12 months.
Stock Advice Thread
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The Piper Jaffray analyst is providing that the stock should get to $60 with a reasonable time frame, typically that's one year. With the stock at around $44 from yesterday's close, that analyst raised his target price to $60, i.e., 36% appreciation within the next 12 months.
Ok, gotcha. I'll probably still look to sell off a bit if it hits $50 soon, then buy back in........but I'm not tied to doing that. I'm into CGC for the long haul.........5, 10, 15 yrs......whatever it takes.
Thanks! Yet, I'm looking like a cone head with that low limit buy order on VEEV yesterday that was never filled. Try again this morning, but again took off with my limit order down below. I'm not chasing today; I'll re-evaluate over the weekend.
I did just add more to the ZS position. I sold off half of my half positions opened on Jan 09 in MYGN and DLR. Also, Let go of 1/3 of the 1/2 position in ZG opened back on Jan. 09. Just not acting right, i.e., look poor technically and there are many good looking opportunities out there.
Lastly I picked up some CALLS on MITK, the $10 Mar. and the $12.50 Apr. They report earning next week, Tuesday I believe. Speculative play....I know their story well.
There "may"/"might" be another surge upward here yet this afternoon. If we break into $49 with volume, there's a very good chance we get up near that $50 mark due to a surge of short covering. Has been close to a 50% short interest in CGC.......stay tuned.
The valuation is based off market share, profitability and cash flows/revenues.
The analyst have some solid equations to get to those valuations.
In a year, I’d be surprised if CGC doesn’t have a TLRY spike at some point.
I am holding my 400 shares until at least $55, which easily could happen next week. The buyers held off this week until today in order for a sell off not to follow the next day.
The analyst have some solid equations to get to those valuations.
In a year, I’d be surprised if CGC doesn’t have a TLRY spike at some point.
I am holding my 400 shares until at least $55, which easily could happen next week. The buyers held off this week until today in order for a sell off not to follow the next day.
Pretty quiet here this weekend. Any thoughts or ideas out there?
I'll try again to nibble to initiate a new position on the two who alluded me last week: VEEV and SHOP.
Several other names on deck, including ZEN and PYPL among others.
I'll try again to nibble to initiate a new position on the two who alluded me last week: VEEV and SHOP.
Several other names on deck, including ZEN and PYPL among others.
Oh, several important earnings releases this week to keep an eye on. A myriad of large/mega cap bellwethers will report quarterly results, including Caterpillar on Monday morning and four of the largest technology companies in the world: Apple on Tuesday afternoon, Microsoft and Facebook on Wednesday and Amazon on Thursday.
AMD and MITK on Tuesday after the close are two that I'll be keen on as well.
AMD and MITK on Tuesday after the close are two that I'll be keen on as well.
Great company. Leader. Wall Street darling. Are in the Megatrend growth markets that all of us should want exposure to, including: Gaming, self-driving cars, artificial intelligence for healthcare, Data centers. Great management.
Why don't you see them in my portfolio at this moment?
1) I made a decision (bet) that AMD can take market share from NVDA; 2) Even with haircut from last year's highs, current valuation of $90 billion means they need to not disappoint with most recent quarter ended like they did last quarter; rumored that SoftBank, who is the 3rd or 4th biggest stockholder, is looking to lighten or divest of their position this year; fall of crypto-currency mining (was another growth trend that was driving last year's high).
I want to own NVDA, but I've made the decision to stay on the sidelines for now. I think there will be better visibility at a later date, and I wouldn't be surprised if NVDA trades withing a range (consolidates) for a bit, giving me a better feel for entry off of a longer base.
If I wanted in prior to Feb. 6th earnings release, I might look at a long straddle or long strangle option play.
Just my two cents, probably not worth a penny.
See #2: Not good when a "darling" disappoints again. Won't be pretty this morning. The unfortunate part is downward guidance from a darling like NVDA tends to impact the market overall. The optimistic viewpoint is that some opportunities arise to pick up some shares in other companies that are sold off today, hey, maybe I'll finally get some shares of VEEV at the week before last's prices!!
I used this morning's weakness in the market to pickup a few March 60 Calls.
Sounds like you're buying a home; if so, congrats!
I just sold my CGC stock. 400 shares @50.25 which I had 100 shares at each of the following prices: 42.50, 35, 32, 26.61.
Nice little reward considering I started my acct with a 10,000 investment and already pulled 2,000 out for Xmas.
I can’t lie I didn’t have the money when I bought back in at $26.61 but I knew I was right and that purchase damn near doubled in 2 weeks.
Once I’m finalized on this house I will be back in here ready to fire away!
Nice little reward considering I started my acct with a 10,000 investment and already pulled 2,000 out for Xmas.
I can’t lie I didn’t have the money when I bought back in at $26.61 but I knew I was right and that purchase damn near doubled in 2 weeks.
Once I’m finalized on this house I will be back in here ready to fire away!
Nbev is on the move. Up 7% today to just over $7. Target is supposedly around $9.
They'll now move into my 2nd tier watch list given that their valuation has gone from $175 billion to $85 billion since last September. As I mentioned in my response a week or so ago as to "why" you don't see them in my portfolio---their valuation was still high and they couldn't miss again like they did the previous quarter. Now they tell us this morning they are going to miss again and bam, down goes Frazier.
I am anxiously awaiting AMD's earnings release tomorrow after the close. My investment thesis was/is that they are having more wins (gaining market share) against NVDA in GPUs and against INTC in CPUs. Might be good to take a look-see at an option play again....either a long straddle or long strangle on AMD tomorrow.
Certainly showed-up on my radar during the past 3 weeks of research. Chart/technical look great!! Looks like it's on the verge of breaking out to move to an all-time high! Looks strong. Don't know the company fundamentally, but that's a beauty of a chart and technical indicators.
Play off a break above $173 on strong volume?
It was on a list of “disruptors” last week by Drunkenmiller, a shrewd one, along with NOW, CRM, MSFT, AMZN, ADBE, etc. I’m patiently waiting for volatile stocks to drop 10-15% again, Dayton...trigger finger not itchy this year (so far).
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It was on a list of “disruptors” last week by Drunkenmiller, a shrewd one, along with NOW, CRM, MSFT, AMZN, ADBE, etc. I’m patiently waiting for volatile stocks to drop 10-15% again, Dayton...trigger finger not itchy this year (so far).
I hear ya! I finally was able to add those elusive "starter-set" shares in VEEV today. Also nibbled to open a couple of other starter-sets: SHOP, AYX. Used today to add a little to: DATA, TTD, SPLK & TWLO.
Picked-up some Mar 60 CGC CALLS in the early a.m. when stock traded down, then sold off the other 1/2 of Feb 48 CGC CALLS later in day when share price pulled back after not breaking on into $51. Still hold 1/2 of the CGC shares bought.
Picked-up some Feb 95 PYPL CALLS as a speculative earnings play for their reporting after Tuesday's close.
Doing with AMD as well, as they report after Tuesday's close.
Have now picked-up 19 new names since I started the shopping spree on Jan. 9th. Originally was going to cap at 10, but so many interesting companies and opportunities out there!!
Ha! Puff, puff, pass. Don't bogart that joint my friend, pass it over to me. You've been holding on to it, and I should would like a hit.....
Smoke 'em if you got 'em.
I got options.
My finger has been itchy. I've nibbled to add more: VEEV (twice) and SHOP.
Have added more AMD CALLS. I'm going aggressively long here with AMD for a strong move upward subsequent to tonight's earning report and conf. call.
I also picked-up a few more PYPL CALLS, but not aggressively.
Have added more AMD CALLS. I'm going aggressively long here with AMD for a strong move upward subsequent to tonight's earning report and conf. call.
I also picked-up a few more PYPL CALLS, but not aggressively.
The Cramer effect. Cramer mentioned that CRON is the 2nd best buy after CGC.....and it shot up. It'll probably come back down soon.
Ending my duck season, I looked for shotgun shells on sale. A hot commodity is tungsten shells, much better result than steel, but supplies are very low re: a shortage of tungsten. I could only find 3 penny stocks related to tungsten, surely there’s something else out there. Any good researchers for an obscure category to make us some money?
Trade futures/commodities? China controls........
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Tungsten Market will grow by a CAGR of around 8% up to 2025 to Hit USD 8.5 billion by 2025
Jan 22, 2019 (Algos Online via COMTEX) --
Aerospace is a key end-use sector in the tungsten market which is likely to gain with a compounded annual growth rate exceeding 7%. Aircraft manufacturing industries in the U.S., Germany, France, and other such developed countries will propel this end-use sector?s growth. Electrical & electronics appliances end-use will grow by a CAGR above 8%. Tungsten products finds usage in manufacturing electrical contacts, filaments, X-ray tubes, heat sinks, bulbs, and many other such components in the electronics industry.
Electronics industry is one of the major end-user industries which has witnessed fast developments in the past few years. The global consumer electronics industry will grow in the future and would cross USD 1,500 billion by 2024. This will drive the tungsten market in the coming years as the product is popularly used in the electronics industry in items such as cathode-ray tubes, vacuum tube filaments, and light bulbs due to its high melting point and low vapor pressure. Rising technological advancements have also contributed to the growth in this sector. Innovation in the electronics industry like miniaturization and enhanced PCB technology would further increase product demand in the future.
Increasing environmental inspections in the tungsten mining hubs in China is likely to hamper the growth of the market. As China possesses more than 80% of the global tungsten reserves, any disruption in its production in the country would affect the product supply across the world. In 2016, ammonium para tungstate (APT) smelting slags were classified as hazardous waste and the Chinese government implemented strict regulations regarding handling and disposal of this slag. Such factors may hinder the product market development in the forecast years.
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Tungsten
CNN September, 2017
Tungsten -- a "minor metal" that's also called wolfram -- is an extremely dense material that makes steel harder and more durable.
Its price has spiked 27% since January because of supply constraints, according to data from Metal Bulletin and the metals research firm, Roskill.
Like cobalt, tungsten is predominantly produced in a single nation: China.
Beijing has cracked down on miners in recent months to ensure they are following environmental regulations, knocking out a significant amount of tungsten production.
David Merriman, a senior analyst at Roskill, said that authorities may have another motive: Reduced production could boost prices and help large producers in the country.
China has in the past been accused of restricting the export of tungsten and other minerals that are crucial for the manufacture of high-tech devices.
The country is the largest producer of so-called rare earth minerals, which are used to make products including flat-screen televisions, smartphones, car batteries and wind turbines.
Beijing was forced to alter its rare earth export practices in 2015 after former President Barack Obama filed a formal complaint about export restrictions in 2012 with the World Trade Organization.
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Trading Commodities Futures = out-of-my-league!!!!
You ARE the man, Dayton, now I know the guy cleaning my shotgun at Final Flight, a great Tn hunting supply store in the middle of nowhere, was telling the truth! I doubt there is a US listed Chinese company to buy related to tungsten, think there were some rare earth ETFs around.Trade futures/commodities? China controls........
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Tungsten Market will grow by a CAGR of around 8% up to 2025 to Hit USD 8.5 billion by 2025
Jan 22, 2019 (Algos Online via COMTEX) --
Aerospace is a key end-use sector in the tungsten market which is likely to gain with a compounded annual growth rate exceeding 7%. Aircraft manufacturing industries in the U.S., Germany, France, and other such developed countries will propel this end-use sector?s growth. Electrical & electronics appliances end-use will grow by a CAGR above 8%. Tungsten products finds usage in manufacturing electrical contacts, filaments, X-ray tubes, heat sinks, bulbs, and many other such components in the electronics industry.
Electronics industry is one of the major end-user industries which has witnessed fast developments in the past few years. The global consumer electronics industry will grow in the future and would cross USD 1,500 billion by 2024. This will drive the tungsten market in the coming years as the product is popularly used in the electronics industry in items such as cathode-ray tubes, vacuum tube filaments, and light bulbs due to its high melting point and low vapor pressure. Rising technological advancements have also contributed to the growth in this sector. Innovation in the electronics industry like miniaturization and enhanced PCB technology would further increase product demand in the future.
Increasing environmental inspections in the tungsten mining hubs in China is likely to hamper the growth of the market. As China possesses more than 80% of the global tungsten reserves, any disruption in its production in the country would affect the product supply across the world. In 2016, ammonium para tungstate (APT) smelting slags were classified as hazardous waste and the Chinese government implemented strict regulations regarding handling and disposal of this slag. Such factors may hinder the product market development in the forecast years.
______________________________________________________________________________________
Tungsten
CNN September, 2017
Tungsten -- a "minor metal" that's also called wolfram -- is an extremely dense material that makes steel harder and more durable.
Its price has spiked 27% since January because of supply constraints, according to data from Metal Bulletin and the metals research firm, Roskill.
Like cobalt, tungsten is predominantly produced in a single nation: China.
Beijing has cracked down on miners in recent months to ensure they are following environmental regulations, knocking out a significant amount of tungsten production.
David Merriman, a senior analyst at Roskill, said that authorities may have another motive: Reduced production could boost prices and help large producers in the country.
China has in the past been accused of restricting the export of tungsten and other minerals that are crucial for the manufacture of high-tech devices.
The country is the largest producer of so-called rare earth minerals, which are used to make products including flat-screen televisions, smartphones, car batteries and wind turbines.
Beijing was forced to alter its rare earth export practices in 2015 after former President Barack Obama filed a formal complaint about export restrictions in 2012 with the World Trade Organization.
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Trading Commodities Futures = out-of-my-league!!!!
Dang.....was too greedy. Had my trigger for CGC to sell at $51........stopped at $50.77 and now has dropped down >7%.
Oh, well, I'm still way up and this train is just pulling out of the station.
Oh, well, I'm still way up and this train is just pulling out of the station.
I feel good.........
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(Reuters) - Advanced Micro Devices Inc on Tuesday reported record growth in data centre revenue and forecast revenue growth in fiscal 2019 above expectations, sending shares up nearly 7 percent after the bell.
The chipmaker said it expects high-single digit percentage revenue growth in 2019, while analysts were targeting growth of about 6 percent.
AMD's results come as a relief to investors fearing worse performance amid warnings from a host of other chipmakers about a slowdown in China triggered by the ongoing trade dispute with the United States.
Bigger rivals Nvidia Corp and Intel Corp both flagged a stagnating growth in data centre sales, a segment where AMD is beginning to get a foothold on the back of its server chips.
Gross margin rose to 38 percent from 34 percent a year earlier after the company started shipping newer versions of its graphics and data centre chips. The company also said it expects adjusted gross margins to be more than 41 percent for 2019.
Sales at AMD's computing and graphics segment, which includes GPU sales to data centres, rose over 8.5 percent to $986 million (£751 million), beating the analyst average estimate of $939 million, according to FactSet.
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I'm sure we've all done t---I know I certainly have with other stocks only to see them go down. That's the main reason I set-out from the start to trade around my CGC core position with extra shares and options. It helps me to keep from 2nd guessing myself and take down some profits here and there.
I don't do it with all positions, but given the volatility of CGC, it's a prime candidate.
I’m just trying to accumulate all I can. Hemp is just now starting in the US and I’m not sure what it’s like globally. We’re still years away from US federal legalization which we know is going to be huge.....but also most countries haven’t legalized yet. Canada and Paraguay are the only full legal countries. Canadian companies already have a massive lead in the field.....if they can strangle any others as pot becomes more and more legal?.....whoah, watch out.
https://www.cnbc.com/2017/12/04/if-you-put-1000-in-netfix-10-years-ago-heres-what-youd-have-now.html
What I wonder is how big pot will be? The article above talks about how much you’d have if you invested $1000 in a number of companies over a decade (article written Dec 2017). Netflix is the big one on the list where you’d have about $52,000. Amazon $12,000. Apple $6,000. Coke $1,500.
Leave out which company you think it’ll be, but what kind of gains do you think will be made in pot in the next 10 yrs (for the leading company)? 20 yrs?
It’s staggering to think of. Netflix made crazy gains in an area that was already saturated with some big players by finding a niche that the others didn’t get into. Pot is new area with multiple avenues and no significant major players.
Obviously picking the right stock is a gamble. CGC is clearly the leader in the clubhouse, but they’re far from being the “it” company. But someone is going to benefit from a industry worth hundreds of billions of dollars.
What I wonder is how big pot will be? The article above talks about how much you’d have if you invested $1000 in a number of companies over a decade (article written Dec 2017). Netflix is the big one on the list where you’d have about $52,000. Amazon $12,000. Apple $6,000. Coke $1,500.
Leave out which company you think it’ll be, but what kind of gains do you think will be made in pot in the next 10 yrs (for the leading company)? 20 yrs?
It’s staggering to think of. Netflix made crazy gains in an area that was already saturated with some big players by finding a niche that the others didn’t get into. Pot is new area with multiple avenues and no significant major players.
Obviously picking the right stock is a gamble. CGC is clearly the leader in the clubhouse, but they’re far from being the “it” company. But someone is going to benefit from a industry worth hundreds of billions of dollars.
