Investing

Cannabis (Marijuana) Stocks

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  • Nov 26th, 2020 10:37 pm
Sr. Member
Jan 6, 2015
801 posts
220 upvotes
MtX wrote: Sold my entire position in CURA @ 11.61 on Friday. Now the entire industry is going up again.......... what gives!
No clue at all, ACB create 52 week low and up 14%????Disappointed But Relieved Face
Deal Addict
Apr 21, 2012
1025 posts
250 upvotes
Markham
I think the positive news came from the fact that they are cracking down on illegal operations which shifted a lot of demands to the legal market.

We might see more upside in the field.
Member
Mar 16, 2007
222 posts
90 upvotes
GTA
MtX wrote: WEED.TO finally hit $26, is it here to stay??? WTF
Sold everything last week at around 24.31. The stock bounced off 200 daily MA nicely. If I still had position, my next target would be around $28.
Deal Addict
Mar 14, 2007
2754 posts
192 upvotes
Toronto
WEED and ACB up nicely of APHA lagging of course
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Jun 11, 2001
8813 posts
983 upvotes
Only been playing VFF... sticking to the one and only that has made me pretty good money. I have so little at this moment and would like to own a bit more (currently about $4k).
...zzz...zzz...zzz...

www.heatware.com
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Jun 19, 2001
8467 posts
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I really hope no one is subscribing to the noob still promoting canaccord recommendations. You could have followed cannacord here https://mjobserver.com/pro/pro-canaccor ... ith-a-buy/ or here https://www.theglobeandmail.com/files/e ... r_2019.pdf . They made *tons* of money on cannabis, noob investors are wondering where their money went. Apparently it doesn't matter for some, including for the guy who touted them on shroom stocks thread too...only toward 200% to get back to even on NUMI there...

There is a reason there are many recent "experts" seeking "subscribers" on twitter...it is not because they are making money trading...

Maybe labs will go up someday. You want a higher high and higher low, and volume. I personally would not touch it .07 from its all time low, low trading volume, with declining margin. And definitely not "because canaccord said so" (canaccord did their financing)

edited to add: No nope for this thread when we have 4 people upvoting the newb posting like crazy to get subscriptions. 1400%....so he started with $100,000 and has $22 million after 2 years. Sure! The blind leading the blind. THINK if you can.
Last edited by zoro69 on Nov 2nd, 2020 2:09 pm, edited 2 times in total.
Deal Addict
Nov 14, 2006
2237 posts
1133 upvotes
GTA
zoro69 wrote: I really hope no one is subscribing to the noob still promoting canaccord recommendations. You could have followed cannacord here https://mjobserver.com/pro/pro-canaccor ... ith-a-buy/ or here https://www.theglobeandmail.com/files/e ... r_2019.pdf . They made *tons* of money on cannabis, noob investors are wondering where their money went. Apparently it doesn't matter for some, including for the guy who touted them on shroom stocks thread too...only toward 200% to get back to even on NUMI there...

Their is a reason there are many recent "experts" seeking "subscribers" on twitter...it is not because they are making money trading...

Maybe labs will go up someday. You want a higher high and higher low, and volume. I personally would not touch it .07 from its all time low, low trading volume, with declining margin. And definitely not "because canaccord said so"
I stayed away form NUMI as well , people where pumping it before it hit the market then sunk, and now SHRM has been halted for awhile because of late filing I think. I jumped with MMED at 0.51 and jumped half out at 1.20 as market they are on I cant see level 2 nor setup stop limits so my nerves were no good trying to keep an eye on it with working my day job.

LABS will need some volume for any gap fills, can reach $1 if anything but have tight stop losses in place.

Anyone looking for MJ trades look on the US MSO side at this point.
Deal Addict
Aug 18, 2003
1023 posts
255 upvotes
YVR
stoned cat bounce
To learn who rules over you, simply find out who you are not allowed to criticize.
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Nov 5, 2018
1603 posts
2441 upvotes
Toronto
Just bought into GTII. Looking good here.
I do not need approval, I do not need friends. I do what I want.
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Jun 19, 2001
8467 posts
2130 upvotes
forecast was for $4.3 billion in Canada sales

"“Legal [recreational] sales are expected to [make up] more than half of [the $7.17 billion cannabis market in Canada in 2019] – up to $4.34 billion.”"
https://www.pinnacledigest.com/cannabis ... forecasts/

reality

"Nearly $1-billion worth of legal cannabis was sold in Canada during the first year of legalization"
https://www.bnnbloomberg.ca/pot-sales-i ... sc=6d43dzV
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May 2, 2006
7315 posts
1875 upvotes
GTA
zoro69 wrote: I really hope no one is subscribing to the noob still promoting canaccord recommendations. You could have followed cannacord here https://mjobserver.com/pro/pro-canaccor ... ith-a-buy/ or here https://www.theglobeandmail.com/files/e ... r_2019.pdf . They made *tons* of money on cannabis, noob investors are wondering where their money went. Apparently it doesn't matter for some, including for the guy who touted them on shroom stocks thread too...only toward 200% to get back to even on NUMI there...

There is a reason there are many recent "experts" seeking "subscribers" on twitter...it is not because they are making money trading...

Maybe labs will go up someday. You want a higher high and higher low, and volume. I personally would not touch it .07 from its all time low, low trading volume, with declining margin. And definitely not "because canaccord said so" (canaccord did their financing)
I generally agree about analyst ratings. I trade on chart setups. Having analysts setting targets at 3x sp is a bonus. As far as snarky "noob" comments go, there's nothing more "noob" than judging one's performance by a single trade. I do not hold NUMI, as I tend to cut my losses quickly. Shrooms have been a mixed bag. I made close to 2x returns on MMED & SHRM early on, lost $$$ on NUMI, currently up on TRIP after correctly identifying bottom at .065 - .07 level. Otherwise, there's a very long track record in the Small Caps thread with my entry and exit points. Over 10 multi-baggers so far this year, including one of the biggest gainers on the Canadian exchanges, SONA, identified at .53 that ran up to $16.

As far as my premium subscription service goes, it is a very nice addition to my monthly income and I am receiving very positive feedback so far. It makes me do better research because there are others making decisions based on it and it allows me to share opportunities that I often pass on myself as I try to keep my portfolio to 10 - 12 stocks max at a time. Aside from it, I had people send me $$$ and gift cards after hitting a number of jackpots based on my picks. It's a rewarding experience. Have a nice day!

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Last edited by izzyzz on Oct 24th, 2020 4:31 pm, edited 1 time in total.

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