Investing

Cannabis (Marijuana) Stocks

  • Last Updated:
  • Dec 3rd, 2020 5:45 am
Deal Fanatic
Apr 25, 2006
6161 posts
1104 upvotes
$20 -> $30 for weed, market cap would have to move 50%. Gosh.
"If you make a mistake but then change your ways, it is like never having made a mistake at all" - Confucius
Deal Fanatic
User avatar
Sep 8, 2007
8736 posts
9567 upvotes
Way Out of GTA
jackrabbit000 wrote: All I said when the market opened this morning was f*!
The market is just peachy with the SP500 in the green.

Weed stocks however,....
"It is in times of great fear or greed that the most opportunity exists."
Deal Fanatic
User avatar
Jun 19, 2009
5971 posts
1788 upvotes
Scarborough
I wouldn't be long in this sector unless I was doing some bounce plays. The proverbial bubble has popped (more like a slow deflation, which is arguably more painful).
Deal Addict
User avatar
Dec 4, 2007
3953 posts
1609 upvotes
Quebec
Just when i thought it was about to stop.... Nop, still going down!
Deal Addict
Mar 22, 2010
2879 posts
796 upvotes
Unless you are willing to stay in this sector for minimum 5 years, don't get in now. I see further pull back.

For folks with less than 1 year horizon, look for HMMJ 8-8.50 buy zone.
Last edited by rapashoo on Nov 14th, 2019 10:25 am, edited 1 time in total.
Deal Addict
Jan 22, 2006
4952 posts
2476 upvotes
Northside
cristianosham wrote: I picked up 1000 WEED just now at 20.80.
Honestly do think in the long term, it'll be a good move. Once US legalizes on a federal level, things will start coming together IMO. Canada is a small market compared to the rest of the world and I do believe it's a 2-3 year plan.
Deal Addict
Sep 6, 2017
3206 posts
1910 upvotes
zaidyboy wrote: Honestly do think in the long term, it'll be a good move. Once US legalizes on a federal level, things will start coming together IMO. Canada is a small market compared to the rest of the world and I do believe it's a 2-3 year plan.
It is just TSFA money that I don't need to put food on the table. So in for the long term.
Deal Addict
Mar 22, 2010
2879 posts
796 upvotes
HMMJ is getting hammered to the point weekly RSI is at the lowest since the inception. At least we should be getting some good returns on lending shares to shorts lol
Deal Addict
Jan 22, 2006
4952 posts
2476 upvotes
Northside
cristianosham wrote: It is just TSFA money that I don't need to put food on the table. So in for the long term.
yep, all my cannabis stocks are in tfsa as well
Deal Fanatic
User avatar
Sep 8, 2007
8736 posts
9567 upvotes
Way Out of GTA
That discussion on 'stop losses' on here a month or so ago brings a chuckle to me...
"It is in times of great fear or greed that the most opportunity exists."
Deal Addict
Aug 17, 2008
4519 posts
3762 upvotes
FYI: Canopy CEO coming up on CNBC

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