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Cannabis (Marijuana) Stocks

  • Last Updated:
  • Mar 25th, 2019 11:38 am
Deal Expert
May 30, 2005
41557 posts
2554 upvotes
Richmond Hill
esoxhntr wrote:
Feb 21st, 2019 3:37 pm
If we see a big gap down tomorrow, I may bite for a quick flip. I would like to get into a longer position but not at this avg.
I think anyone who thinks we'll dip into the 15's is a bit delusional - the share unlock has been known since forever. These price movements are just shorts trying to make some money.
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Deal Addict
Apr 25, 2006
4975 posts
494 upvotes
Jon Lai wrote:
Feb 21st, 2019 3:41 pm
I think anyone who thinks we'll dip into the 15's is a bit delusional - the share unlock has been known since forever. These price movements are just shorts trying to make some money.
Share unlock going to scare investors either way. 15s? who knows but we should anticipate a dip.
"If you make a mistake but then change your ways, it is like never having made a mistake at all" - Confucius
Deal Addict
May 17, 2012
2063 posts
883 upvotes
ontario
Jon Lai wrote:
Feb 21st, 2019 3:41 pm
I think anyone who thinks we'll dip into the 15's is a bit delusional - the share unlock has been known since forever. These price movements are just shorts trying to make some money.
15.96 is the next daily support. it honestly wouldn't surprise me if we test that. that's only 10% away.
Penalty Box
Aug 17, 2013
415 posts
212 upvotes
Toronto
out of TRST at 12.30...

I learned my lesson on the other NYSE listing, stock price usually drops after the listing.
Member
Apr 23, 2010
230 posts
103 upvotes
Ontario
orianna wrote:
Feb 21st, 2019 3:54 pm
out of TRST at 12.30...

I learned my lesson on the other NYSE listing, stock price usually drops after the listing.
Smart. I am still bagholding shares at 12.5 and I am hoping for a run to 14 before selling.
Deal Expert
May 30, 2005
41557 posts
2554 upvotes
Richmond Hill
I know I flipped TRST 3 times today, but I couldn't help myself when I saw it break previous HOD and bought a smaller swing position to hold overnight when it broke 12.15. A bit more risky so a smaller position. Considering it closed at HOD, I am expecting a gap up, at which point I'll probably sell into strength around 9:45am.
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Deal Expert
May 30, 2005
41557 posts
2554 upvotes
Richmond Hill
esoxhntr wrote:
Feb 21st, 2019 3:49 pm
15.96 is the next daily support. it honestly wouldn't surprise me if we test that. that's only 10% away.
It's certainly possible, but if you look at the way up and way down, those were basically one huge moves. It's more likely we'll form a higher low on a single move than test resistance right away.
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Penalty Box
Aug 17, 2013
415 posts
212 upvotes
Toronto
Pterion wrote:
Feb 21st, 2019 4:01 pm
Smart. I am still bagholding shares at 12.5 and I am hoping for a run to 14 before selling.
I'm sure it will hit 14 but I was also sure the other times. made 900 so i'm happy for now. Profit is profit.
Deal Expert
May 30, 2005
41557 posts
2554 upvotes
Richmond Hill
orianna wrote:
Feb 21st, 2019 4:15 pm
I'm sure it will hit 14 but I was also sure the other times. made 900 so i'm happy for now. Profit is profit.
Taking profit is always good. We’ve run 100% straight up so far, and it’s pretty much guaranteed the US traders will want to try to push this thing down once it starts trading stateside. There’s just too much room to form a higher low for them to leave money on the table.
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Deal Addict
User avatar
Mar 27, 2008
1318 posts
116 upvotes
Toronto
picked up some lxx on today's drop
My Rogers Plan: 250 DT, Unlim. inc., Unlim. E/W @ 8pm, 100 CDN LD, 100 txt sent/unlim. rec., CID/VM/Call forward & transfer = $15.90/month after all tax and fees.
Member
Mar 24, 2011
448 posts
67 upvotes
Vancouver
Still holding 1800 unrealized profit on TRST, might be time to exit tomorrow. Seems overextended to me.
Deal Expert
May 30, 2005
41557 posts
2554 upvotes
Richmond Hill
pentexplorer wrote:
Feb 21st, 2019 11:37 pm
Still holding 1800 unrealized profit on TRST, might be time to exit tomorrow. Seems overextended to me.
Almost guaranteed to form a lower high, in my opinion, compared to ATH, before breaking ATH, unless there is some big material news that is released. I would imagine bears will try to form that lower high before their earnings release in March so they can play it safe.
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