Investing

Cannabis (Marijuana) Stocks

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  • Jun 26th, 2019 5:37 pm
Deal Addict
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Jul 11, 2011
3350 posts
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Ontario
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
253 posts
27 upvotes
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
262 posts
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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
477 posts
63 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
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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
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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
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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
820 posts
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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
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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
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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
Deal Fanatic
Apr 25, 2006
5201 posts
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https://www.newswire.ca/news-releases/c ... 58501.html

These companies are virtually worthless!

2B market cap, 3M in revenue! They would be kicked off shark tank so fast

And the fact they had their revenues at the very bottom after a long wall of text. Acb had a way better breakdown of their financials
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Jr. Member
Nov 5, 2003
168 posts
17 upvotes
But ACB seemed pretty and everything went down. so wtf. lol

where is big tobacco, pharma, booze when you need them...

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