Cannabis (Marijuana) Stocks

Nov 29th, 2017 4:27 pm

#2281

Drakestar: Deal Addict; Dec 14, 2011; 1588 posts; 655 upvotes; London

Nov 29th, 2017 4:27 pm

I'm sitting with WEED, GLH and N. OUCH, Ouch, ouch.

Nov 29th, 2017 4:33 pm

#2282

MJISGOAT: Sr. Member; Jun 14, 2017; 816 posts; 797 upvotes

Nov 29th, 2017 4:33 pm

engman13 wrote: ↑ Lol not really, I've been so fixated on the market now that I've gotten in.

GLH taking a hit, I'm still up but damn. I might wait until tomorrow and purchase more if it drops. Also thinking of taking your original advice and waiting to get in, everything is dropping hard.

Hang in there dude. The volatility for this sector is REAL. I've been trading MJ stocks for over 1.5 years and it still gets me. LOL
One thing that I've learned is that quality companies will ALWAYS recover. This is not the first time that the sector has bled hard and it won't be the last. We usually see 2-3 days of correction and then it rights its way again. Tomorrow might be an interesting day.. it could start off in the red but recover into green in the late afternoon. You might only have a small window to jump in in the morning.

Nov 29th, 2017 4:36 pm

#2283

Jon Lai: Deal Expert; May 30, 2005; 44750 posts; 5334 upvotes; Richmond Hill

Nov 29th, 2017 4:36 pm

What have you seen that may result in a green closing tomorrow?

Artisan woodworker crafting live edge tables, end grain cutting boards, and other home decor
Silver Coins | Philips Wake-Up Light with Radio | Heatware

Nov 29th, 2017 4:46 pm

#2284

MJISGOAT: Sr. Member; Jun 14, 2017; 816 posts; 797 upvotes

Nov 29th, 2017 4:46 pm

Jon Lai wrote: ↑ What have you seen that may result in a green closing tomorrow?

Speaking from past trends. It's almost like a switch. I'm not saying that it will happen but when it reverses it generally happens quick and then you sit there and say "Dang, I wish I had bought in at the dip". LOL

+3

Nov 29th, 2017 4:51 pm

#2285

engman13: Deal Addict; Sep 15, 2006; 1156 posts; 471 upvotes; Ottawa

Nov 29th, 2017 4:51 pm

MJISGOAT wrote: ↑ Hang in there dude. The volatility for this sector is REAL. I've been trading MJ stocks for over 1.5 years and it still gets me. LOL
One thing that I've learned is that quality companies will ALWAYS recover. This is not the first time that the sector has bled hard and it won't be the last. We usually see 2-3 days of correction and then it rights its way again. Tomorrow might be an interesting day.. it could start off in the red but recover into green in the late afternoon. You might only have a small window to jump in in the morning.

Thanks man, it'd good to hear from someone that has been around for a bit of time. Would you consider the companies that have been mentioned over the last few days "quality companies"? (ie: GLH, PUF, isol, namaste, acb, aph,...)

Nov 29th, 2017 5:07 pm

#2286

zaidyboy: Deal Fanatic; Jan 22, 2006; 5049 posts; 2556 upvotes; Northside

Nov 29th, 2017 5:07 pm

MJISGOAT wrote: ↑ Speaking from past trends. It's almost like a switch. I'm not saying that it will happen but when it reverses it generally happens quick and then you sit there and say "Dang, I wish I had bought in at the dip". LOL

exactly why I said "eff it, definitely buying Namaste today"

Nov 29th, 2017 5:14 pm

#2287

dealbreak3r: Sr. Member; Mar 27, 2012; 802 posts; 106 upvotes; Baffin Island, NU

Nov 29th, 2017 5:14 pm

Drakestar wrote: ↑ I'm sitting with WEED, GLH and N. OUCH, Ouch, ouch.

Don't worry most of us is in the same situation as you

. I'm from 34k to 46k now down again to 41k and the fun/scary part is it all happened in 4 weeks span

For Sale

Lenticular Coin and Stamp Set - Superman: Then and Now (2013) for $40.00 + S&H

+1

Nov 29th, 2017 5:24 pm

#2288

engman13: Deal Addict; Sep 15, 2006; 1156 posts; 471 upvotes; Ottawa

Nov 29th, 2017 5:24 pm

GLH earnings report for those interested.

GLH Q3 Report

Nov 29th, 2017 6:27 pm

#2289

Jon Lai: Deal Expert; May 30, 2005; 44750 posts; 5334 upvotes; Richmond Hill

Nov 29th, 2017 6:27 pm

Is this good or bad for GLH? Revenue and Gross profit up but loss and operating expenses also up.

Artisan woodworker crafting live edge tables, end grain cutting boards, and other home decor
Silver Coins | Philips Wake-Up Light with Radio | Heatware

Nov 29th, 2017 7:01 pm

#2290

Drakestar: Deal Addict; Dec 14, 2011; 1588 posts; 655 upvotes; London

Nov 29th, 2017 7:01 pm

dealbreak3r wrote: ↑ Don't worry most of us is in the same situation as you . I'm from 34k to 46k now down again to 41k and the fun/scary part is it all happened in 4 weeks span

I’m in amount the same amount invested range as you are. I would like to start positions in the other three mentioned in this thread as well (ISOL, APH, PUF) BUT I don’t have the cash available and don’t really want to pull from my VUN, MAW150 Or CCL.

The funny thing is that I bought 100 shares of Carnival just prior to a cruise this year for the onboard shareholder credit thinking I would sell after the cruise. However all that happened is that it has continued to go up and up, plus a nice dividend as well.

Nov 29th, 2017 7:09 pm

#2291

Marubozu: Deal Addict; Sep 12, 2006; 1496 posts; 429 upvotes

Nov 29th, 2017 7:09 pm

Jon Lai wrote: ↑ Is this good or bad for GLH? Revenue and Gross profit up but loss and operating expenses also up.

This news is irrelevant when talking weed stocks. Especially the low-caps...

Nov 29th, 2017 7:16 pm

#2292

709394: Member; Oct 29, 2008; 215 posts; 6 upvotes; Toronto

Nov 29th, 2017 7:16 pm

It's funny how GLH used to be my heaviest bag but after today's correction it's my only MJ related stock that didn't take a bloodshed.

Nov 29th, 2017 7:56 pm

#2293

hebsie: Deal Addict; Jul 11, 2011; 3515 posts; 1866 upvotes; Ontario

Nov 29th, 2017 7:56 pm

I picked up 4000 shares of GLH, bought on a limit order of $.355 that settled right at close. I really wasn't expecting it to get filled.

+3

Nov 29th, 2017 7:57 pm

#2294

hebsie: Deal Addict; Jul 11, 2011; 3515 posts; 1866 upvotes; Ontario

Nov 29th, 2017 7:57 pm

709394 wrote: ↑ It's funny how GLH used to be my heaviest bag but after today's correction it's my only MJ related stock that didn't take a bloodshed.

Well it did bleed almost 24%!

+1

Nov 29th, 2017 8:28 pm

#2295

grilw: Deal Addict; Feb 25, 2004; 1498 posts; 121 upvotes; 416

Nov 29th, 2017 8:28 pm

Eating a slice of humble pie today ... hoping for good digestion tomorrow !

My Tabletops, Monitor Mounts, Tablet Stands, Cable Organizers 4 Sale @ BST Forum
My Heatware/eBay

Nov 29th, 2017 8:30 pm

#2296

RolandCouch: Deal Guru; Jun 26, 2011; 13612 posts; 3684 upvotes; GTA

Nov 29th, 2017 8:30 pm

^^^What site are you buying shares on? How much commission per trade?

Nov 29th, 2017 8:43 pm

#2297

Jon Lai: Deal Expert; May 30, 2005; 44750 posts; 5334 upvotes; Richmond Hill

Nov 29th, 2017 8:43 pm

It’s amazing that I basically gave up half my sector gains today lol

Artisan woodworker crafting live edge tables, end grain cutting boards, and other home decor
Silver Coins | Philips Wake-Up Light with Radio | Heatware

Nov 29th, 2017 8:53 pm

#2298

Steven91: Deal Addict; Apr 5, 2009; 1132 posts; 313 upvotes

Nov 29th, 2017 8:53 pm

Jon Lai wrote: ↑ It’s amazing that I basically gave up half my sector gains today lol

haha I know the feeling, was up $200 and had to stop monitoring at 1PM until 4PM for meetings... got back online and noticed I was down $250. Win some, lose some... I"m just mad I didn't get a chance to place more orders before market close

. Here's to hoping pre-trading market activities don't change things too much right out of the gate.

Nov 29th, 2017 10:43 pm

#2299

Sepharite: Deal Addict; Nov 25, 2007; 3350 posts; 783 upvotes; Toronto

Nov 29th, 2017 10:43 pm

Hahaha this is why I don't invest in penny stocks. Bought GLH yesterday and already lost 20%

Nov 29th, 2017 11:24 pm

#2300

Euro7r: Newbie; Jan 3, 2017; 67 posts; 13 upvotes

Nov 29th, 2017 11:24 pm

I've invested in GLH/ACB, I don't expect it to sky rocket overnight, just going to be patient. It's part of the risk in the stock market, up and down ride...

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