Investing

Cannabis (Marijuana) Stocks

  • Last Updated:
  • Nov 26th, 2020 11:53 am
Deal Addict
Dec 14, 2011
1565 posts
639 upvotes
London
Re: taking profits

I have always been a buy and hold type of investor. Now I find myself with 6 different MJ stocks that are up about 20% each.

You often hear on the radio about people taking profits (as a reason for why the market moved one way or another).

For example, I put $5,000 into APH. It is now sitting at $6300. If I want to take out my ‘profit’, I would sell about 80 shares, and put $1300 in my pocket that I could use to buy something else or wait for a dip and buy more APH. Does that sound correct? Or do you sell it all and rebuy (take initial and profit all out)? If you do it the first way, if the stock keeps going up, I could only end up holding 10 shares.

I just read this article, but it seemed really but simple(I like this).
https://www.investors.com/ibd-universit ... g-profits/
Deal Addict
Jul 14, 2013
1082 posts
424 upvotes
willyxjai wrote: My bags is going to feel a lot lighter now I just have to find a good entry price to get back in for WEED/APH :(
What would you consider as good entry?
Member
Apr 23, 2010
228 posts
44 upvotes
Pickering
n0thing wrote: What would you consider as good entry?
todays going to be a strong day, its seems to be opening at 24.60

low 22/21 would be my target but hard to say
Member
Sep 16, 2017
344 posts
234 upvotes
namaste up another 30 cents......kept holding off on getting into it. missed out on a huge opportunity.
Sr. Member
User avatar
Jan 26, 2010
916 posts
680 upvotes
Milton
What are y'all thoughts on this MJ bubble bursting at some point? I have CBW, MMJ, TGIF and BLVG and hoping to hold on to them at least until next summer. But very wary about a massive correction due to all of the current hype.
Koodo Prepaid, Public Mobile, Conch shells, Tin cans
Newbie
Jan 3, 2017
67 posts
13 upvotes
I did a limit this morning for N and thing shot up again....argh
Deal Addict
Mar 17, 2016
1365 posts
1162 upvotes
Everything is at all time highs again. Gotta wait for a drop to get in. Namaste is driving me mad. I've been waiting for it to drop since $1.60.
Sr. Member
User avatar
Mar 27, 2012
790 posts
103 upvotes
Baffin Island, NU
Euro7r wrote: I did a limit this morning for N and thing shot up again....argh
I'm glad I didn't wait for it to dip :) last week.
Hindenburg1 wrote: Everything is at all time highs again. Gotta wait for a drop to get in. Namaste is driving me mad. I've been waiting for it to drop since $1.60.
I end up loading last week at 2.67 and now I'm thinking if I should just sell my LG and KALY holding to buy more N or LDS (I got this at .62)
Last edited by dealbreak3r on Dec 27th, 2017 10:06 am, edited 1 time in total.
For Sale

Lenticular Coin and Stamp Set - Superman: Then and Now (2013) for $40.00 + S&H
Newbie
Jan 3, 2017
67 posts
13 upvotes
I got up, turned on my computer, went up $0.10 in merely 1 minute. What the.
Deal Addict
Jan 22, 2006
4935 posts
2460 upvotes
Northside
FFT is also on a tear..holy moly!
Deal Addict
Mar 22, 2010
2878 posts
795 upvotes
HMMJ $17 52 week high... wow what a bull train any target price? In since $11... thinking of double.
Deal Addict
Dec 14, 2011
1565 posts
639 upvotes
London
azncapcom wrote: woooo GLH!! finally broke even lol. now time to start earning on it!
Same.
Easy day to walk around with a boner today. Plus it is our anniversary :)
Deal Addict
User avatar
Jul 11, 2011
3515 posts
1866 upvotes
Ontario
Was sitting on BE since $1.75. Hasn't been much action, so when it hit $2.30 today, the wanna-be day trader in me opted to sell.

Couldn't have been 15mins later price jumps almost 10% to $2.50

The MJ gods certainly have it in for me!

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