Investing

Marijuana Stocks

  • Last Updated:
  • May 27th, 2018 12:39 pm
Deal Addict
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Jul 11, 2011
2271 posts
1000 upvotes
Ontario
hebsie wrote:
Feb 13th, 2018 12:17 pm
In the zone at 20.15. Bit of a wall at 20.25 then who knows?? Could easily gap back to 19.85-90 as well
Seeing that I'm the only one here today, I'll continue my play-by-play commentary.

Decided to gap back down, not enough meat in a little Quebvec LOI. The wall at 20.25 is diminishing as people decided to take profits, chase the price down. Small'ish wall sitting at 19.80 range.

Not expecting much more here today. Maybe some consolidation around this price point, too many nervous buyers watching the DOW play out. $19.50 could stick if/when we go red at 3PM

ChartManDan is going to regret the day he mentiontioned the DOW and MJ in the same post. It's gonna kill his cash flow!
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Jul 11, 2011
2271 posts
1000 upvotes
Ontario
My only play for the day, let's make it public.

RKS bought Jan 31/Feb 1
6k @ .495
4k@ .46
Cost = $4829.98

RKS sold Feb 13
10k @ .46
Proceeds = $4590.01
Net Loss = $239.97

$4590.01 - $239.97 = $4350.04

$4350.04 - $9.99 (trade fee) = $4340.05

$4340.05 / 10k = $.434 share to break-even

Wall at $.465 is too strong right now, especially with lowish volume.
Will try and repurchase later today/tomorrow morning at $.43 or lower


Of course this could work out terrible too!
Deal Addict
User avatar
Jul 11, 2011
2271 posts
1000 upvotes
Ontario
hebsie wrote:
Feb 13th, 2018 1:40 pm
My only play for the day, let's make it public.

RKS bought Jan 31/Feb 1
6k @ .495
4k@ .46
Cost = $4829.98

RKS sold Feb 13
10k @ .46
Proceeds = $4590.01
Net Loss = $239.97

$4590.01 - $239.97 = $4350.04

$4350.04 - $9.99 (trade fee) = $4340.05

$4340.05 / 10k = $.434 share to break-even

Wall at $.465 is too strong right now, especially with lowish volume.
Will try and repurchase later today/tomorrow morning at $.43 or lower


Of course this could work out terrible too!
Interesting movement to $.475
Perhaps there's news??
Deal Addict
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Feb 25, 2004
1128 posts
40 upvotes
Vancouver
hebsie wrote:
Feb 13th, 2018 12:39 pm
Seeing that I'm the only one here today, I'll continue my play-by-play commentary.

Decided to gap back down, not enough meat in a little Quebvec LOI. The wall at 20.25 is diminishing as people decided to take profits, chase the price down. Small'ish wall sitting at 19.80 range.

Not expecting much more here today. Maybe some consolidation around this price point, too many nervous buyers watching the DOW play out. $19.50 could stick if/when we go red at 3PM

ChartManDan is going to regret the day he mentiontioned the DOW and MJ in the same post. It's gonna kill his cash flow!
You're not alone here mate , you're never alone here haha
I'm HODL'ing to my losing horses right now
The opinions expressed herein are neither opinions, nor expressed.
Member
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Apr 8, 2017
242 posts
75 upvotes
Maple Ridge
Glad to see THCX up... Might have sold at the high today but missed it.. Oh well.
Can you spare some cutter, me brother?
Deal Addict
Sep 12, 2006
1294 posts
258 upvotes
Love the consolidation, but don't like to lose the daytraders which are a significant part of volume and hype.

DJI in the green, Weed still red. Power hour?
Deal Addict
Aug 19, 2016
1430 posts
519 upvotes
My parents LEAF is doing well.
I hand picked that one for them, along with ACB and APH (I don't like APH, but must pick it because parents want company that deals with Shoppers).
Deal Addict
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Jul 11, 2011
2271 posts
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Ontario
grilw wrote:
Feb 13th, 2018 2:45 pm
You're not alone here mate , you're never alone here haha
I'm HODL'ing to my losing horses right now
Hey, the gangs back!

I've had a couple here that caused me too much stress as they bounced up close to my buy prices, only to fade away back into the deep reds. ATT almost, well actually did, put me at the hospital as I tried to unload after weeks and weeks of 4-5k negatives. So I wasn't gonna do that again with RKS. Gut tells me it's not a good play for me.

Might re-visit it at a later date, see how it holds out with today's run-up. December prices and it could be back in the $.20 range
Deal Addict
User avatar
Jul 11, 2011
2271 posts
1000 upvotes
Ontario
White Comet wrote:
Feb 13th, 2018 3:47 pm
Bought some NINE, see if that works out.
Falling knives can be sharp, careful!

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