Investing

Cannabis (Marijuana) Stocks

  • Last Updated:
  • Mar 25th, 2019 11:38 am
Sr. Member
Apr 23, 2014
976 posts
166 upvotes
Niagara Falls, ON
reps001 wrote:
Nov 12th, 2018 3:25 pm
Big doubt. I wish weed just buy trst for good.
I'm taking a small position and crossing my fingers.
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Jul 11, 2011
3350 posts
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Ontario
reps001 wrote:
Nov 12th, 2018 3:39 pm
2 more bloodbath days? :rolleyes:
It's funny, those four are the only green one's today
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Jan 22, 2006
4245 posts
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Penrose wrote:
Nov 12th, 2018 12:44 pm
probably a good opportunity to start the week?
super tempted to re-enter HIP
#WeTheNorth
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Jul 11, 2011
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hebsie wrote:
Nov 12th, 2018 10:45 am
It filled the gap at 275.30 way faster than I expected, and keeps testing new LODs. I wouldn't paint it as strong here.

I still think it needs to re-test around 272.50, might enough look down to fill that gap at 268.12 if it's a bad week
Part-way :)


* edit * sometimes you just gotta brag a little --> 272.54 ... At close: 4:00PM EST :)
Last edited by hebsie on Nov 12th, 2018 4:05 pm, edited 2 times in total.
Member
Jan 6, 2015
235 posts
27 upvotes
Scarborough, ON
Chanman94 wrote:
Nov 12th, 2018 3:54 pm
APHA just doing APHA things...
No clue what APHA should do............ Face Screaming In Fear weird movement everyday. Disappointed But Relieved Face
Member
Mar 28, 2018
258 posts
89 upvotes
Calgary, AB
reps001 wrote:
Nov 12th, 2018 3:57 pm
No clue what APHA should do............ Face Screaming In Fear weird movement everyday. Disappointed But Relieved Face
Leads the pack, and blows everyone out of the water one day. Gets destroyed the next while everyone else has mild losses Sleepy Face
Member
Dec 31, 2015
442 posts
56 upvotes
Yup. I can't even really say I should have sold because all the signs were pointing towards at least hitting ATH again. The volume, the rumors, listing on NYSE, and getting rid of US investments so fast. It was hard to sell in the $20ish range with everything going on.
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Jun 1, 2006
11406 posts
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Could anyone explain why the price of ACB closed lower today inspite of positive revenue news? Instead of going up the price dropped 16 cents

https://www.cbc.ca/news/canada/edmonton ... -1.4901839

So if Cronos report good news tomorrow will the price go up? Does not make sense, if it is good news prices should go up. But there seem to be no correction between financial results and stock price.
Have a nice day!


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Sep 19, 2004
22107 posts
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Waterloo
LonesomeDove wrote:
Nov 12th, 2018 9:21 pm
Could anyone explain why the price of ACB closed lower today inspite of positive revenue news? Instead of going up the price dropped 16 cents

https://www.cbc.ca/news/canada/edmonton ... -1.4901839

So if Cronos report good news tomorrow will the price go up? Does not make sense, if it is good news prices should go up. But there seem to be no correction between financial results and stock price.
MJ stock never moved on "fundamentals"
It's all about news, rumors

Remembered WEED was tanking bigly after their ER ($30's) and reversed BIGLY after STZ buy-in (C $48) and topped out ~$76
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Apr 23, 2006
2581 posts
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Toronto
LonesomeDove wrote:
Nov 12th, 2018 9:21 pm
Could anyone explain why the price of ACB closed lower today inspite of positive revenue news? Instead of going up the price dropped 16 cents

https://www.cbc.ca/news/canada/edmonton ... -1.4901839

So if Cronos report good news tomorrow will the price go up? Does not make sense, if it is good news prices should go up. But there seem to be no correction between financial results and stock price.
because ACB wouldn't be trading at close to $9 billion market cap with a 60 PE ratio if you want to really correlate fundamentals to share price
Sr. Member
Apr 14, 2017
688 posts
267 upvotes
DT Calgary
Are people actually trying to relate marijuana stock prices with fundamentals like PE ratios and EPS? I assume you have never invested before weed stocks or bitcoin came around...
Newbie
Oct 19, 2013
61 posts
41 upvotes
LonesomeDove wrote:
Nov 12th, 2018 9:21 pm
Could anyone explain why the price of ACB closed lower today inspite of positive revenue news? Instead of going up the price dropped 16 cents

https://www.cbc.ca/news/canada/edmonton ... -1.4901839

So if Cronos report good news tomorrow will the price go up? Does not make sense, if it is good news prices should go up. But there seem to be no correction between financial results and stock price.
All the headlines about ACB's great earnings are overblown and misleading. Their cannabis operations actually generated a loss of $111 million (on revenues of $29 million) - the only reason they had positive net income was because of their investments in TGOD and other companies.

If ACB actually traded solely on fundamentals, its market cap would be a fraction of what it is, and this is even if you factor in their future revenues a year from now.
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Jun 1, 2006
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FreshCo wrote:
Nov 13th, 2018 12:22 am
Are people actually trying to relate marijuana stock prices with fundamentals like PE ratios and EPS? I assume you have never invested before weed stocks or bitcoin came around...
Yep, I am new to this investing game. Lots to learn.
Have a nice day!


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Jul 11, 2011
3350 posts
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Ontario
LonesomeDove wrote:
Nov 13th, 2018 1:03 am
Yep, I am new to this investing game. Lots to learn.
A big factor yesterday in ACB going negative was because SPY doing so poorly. The entire MJ sector correlates very strongly with what SPY does, especially when MJ is trading on low volume and minimal hype like it is at present

Had we not had a 2% dump on SPY yesterday, I'm pretty sure ACB would've had some follow-thru on those 'meh' earnings.

And without that MOC sell at the end of the day, ACB would've closed slightly green

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