Investing

Cannabis (Marijuana) Stocks

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Sr. Member
Dec 31, 2015
727 posts
170 upvotes
Starting to worry about my weed investments.... and no cash left to average down anymore
Deal Addict
Feb 27, 2015
4466 posts
2156 upvotes
Toronto, ON
Never seems to be a good time to average down.

You average down, and then the next day is red again.
Deal Addict
Feb 27, 2015
4466 posts
2156 upvotes
Toronto, ON
Jon Lai wrote: Is everything going down because of WEED or is there something else? For example MPX down 13%?!
I love MPX. But it was on a tear for little reason. I sold off at .95 as they just did a BD for .70

So my re entry is below 80.
Deal Fanatic
User avatar
Oct 9, 2008
5681 posts
2233 upvotes
Thornhill
lilmikey wrote: Nice seeing you venture over here from the other thread, come more often.
I've been completely liquidated from my trading accounts since May 18th thus why I haven't been posting as much. I finished this year with a very nice P/L this year and decided to remain out until next recession cycle as I don't like the trading risk/reward in what I believe is close to the final leg of bull market. The only money I have in equities is losing casino money in HMNY and Phillip Morris (investment) and single RRSP position.

A lot of people don't/didn't realize how and why they made money in this sector with trades but once the balance shifts to an equal market for longs/shorts and once legalization happens it'll become more obvious to them. It wasn't anything to do with fundamentals just simply being a one-sided market at one time.
Deal Addict
Jun 21, 2008
2943 posts
384 upvotes
Toronto
Jeenyus1 wrote: I've been completely liquidated from my trading accounts since May 18th thus why I haven't been posting as much. I finished this year with a very nice P/L this year and decided to remain out until next recession cycle as I don't like the trading risk/reward in what I believe is close to the final leg of bull market. The only money I have in equities is losing casino money in HMNY and Phillip Morris (investment) and single RRSP position.

A lot of people don't/didn't realize how and why they made money in this sector with trades but once the balance shifts to an equal market for longs/shorts and once legalization happens it'll become more obvious to them. It wasn't anything to do with fundamentals just simply being a one-sided market at one time.
So you don't think the MJ sector will have one final run until October
Deal Fanatic
User avatar
Jan 6, 2011
5882 posts
1373 upvotes
GTA
Jeenyus1 wrote: I've been completely liquidated from my trading accounts since May 18th thus why I haven't been posting as much.
When did you deploy, 2016 Q1?
Deal Fanatic
Apr 25, 2006
6288 posts
1203 upvotes
Personally, i think MJ will sell off but ultimately, we will see SMALL catalysts for a SMALL number of players that will result in SMALL and SHORT gains. Tide is falling fellas. Game is over. Reality is sinking in. We witnessed a solid 10 months of crazy trading.
"If you make a mistake but then change your ways, it is like never having made a mistake at all" - Confucius
Deal Fanatic
Jan 22, 2006
5048 posts
2556 upvotes
Northside
dsichewski11 wrote: I bought at 12.75 and 12.35......have a third stink bid in for 11.90...
apparently some news coming out tomrorow...not sure if this is true.
Sr. Member
May 23, 2007
847 posts
48 upvotes
Calgary
zaidyboy wrote: apparently some news coming out tomrorow...not sure if this is true.
Believe that is when the bought deal closes.
Deal Fanatic
User avatar
Oct 9, 2008
5681 posts
2233 upvotes
Thornhill
LongLiveRFD wrote: When did you deploy, 2016 Q1?
My cash in trading accounts stays in all year-round until I pull out out completely and stay away until cycle ends. The last time I pulled out completely was I think 2-years before 2008 and it was purely coincidental for personal financial reasons at the time and not anything to do with foreseeing any sort of recession or anything. This time I'm seeing things happen all around that seem to indicate trouble brewing economically in US/CAN.

I also routinely buy USD and have made a generous amount in the FX difference since my purchases. I even bought a decent amount at only 76c at the time when it was up to 78c at one point because the industry I work in is highly sensitive to trade with US and I noticed all of our internal 'alarms' going off to move product out the door and treasurer was going nuts buying USD at the time.

I'm very happy with my decision to stay out as it's not worth the risk for me personally even if it means losing opportunity costs for a few years. I sense the rhetoric around trade and tarrifs turning into action, now it's starting to become real and that's not good for both countries..
Deal Fanatic
User avatar
Oct 9, 2008
5681 posts
2233 upvotes
Thornhill
Ticco wrote: So you don't think the MJ sector will have one final run until October
I've said it before in this thread and my belief is that these companies all follow the life cycle of a pennystock despite their market-caps being much larger. Some of these companies will likely survive but many will be shells of their former selves in due time. Exactly when the market can longer support these many players all competing for small marketshare comparative to their valuations is not possible to predict 100%.

Marijuana is simple a resource, it must be viewed as one and all the glamour in the world eventually puts this into plain perspective once the floodgate are opened in Canada and fundamentals become impossible to ignore.
Deal Fanatic
User avatar
Jan 6, 2011
5882 posts
1373 upvotes
GTA
Jeenyus1 wrote: My cash in trading accounts stays in all year-round until I pull out out completely and stay away until cycle ends. The last time I pulled out completely was I think 2-years before 2008 and it was purely coincidental for personal financial reasons at the time and not anything to do with foreseeing any sort of recession or anything. This time I'm seeing things happen all around that seem to indicate trouble brewing economically in US/CAN.

I also routinely buy USD and have made a generous amount in the FX difference since my purchases. I even bought a decent amount at only 76c at the time when it was up to 78c at one point because the industry I work in is highly sensitive to trade with US and I noticed all of our internal 'alarms' going off to move product out the door and treasurer was going nuts buying USD at the time.

I'm very happy with my decision to stay out as it's not worth the risk for me personally even if it means losing opportunity costs for a few years. I sense the rhetoric around trade and tarrifs turning into action, now it's starting to become real and that's not good for both countries..
Thanks. I asked because your timing were spot on, and wondered how.

Probably your org inputs are priced to USD thus the rush to hedge profit and liquidate inventory. I think the next leg down is a very slow moving thing like '06 and '14, and assuming v-reversal. Orders would simply dry up.

Do you long/short cyclicals? or options. I didn't find a dedicated thread for that and wished there'd be one.
Deal Fanatic
Jan 22, 2006
5048 posts
2556 upvotes
Northside
dsichewski11 wrote: I bought at 12.75 and 12.35......have a third stink bid in for 11.90...
almost at 11.90..wow!
Newbie
Jul 31, 2014
67 posts
78 upvotes
Vancouver, BC
WEED has created a fresh batch of bag holders, a new generation to carry the bags forward.
Deal Fanatic
User avatar
Oct 9, 2008
5681 posts
2233 upvotes
Thornhill
LongLiveRFD wrote: Thanks. I asked because your timing were spot on, and wondered how.

Probably your org inputs are priced to USD thus the rush to hedge profit and liquidate inventory. I think the next leg down is a very slow moving thing like '06 and '14, and assuming v-reversal. Orders would simply dry up.

Do you long/short cyclicals? or options. I didn't find a dedicated thread for that and wished there'd be one.
Second post on 'The Short-Term Trading Thread' is where I posted about liquidating. It's not something that one can just 'easily' time. It's just looking at one's P/L and looking at what worked and what didn't and where you find oneself gravitating towards. This year I was going long-volatility as that was my most largest contributor to my P/L but it was just not working anymore due to market participants forcing diversion from the 'fundamentals'. When this happens, I cannot participate any longer as the famous saying goes "market can remain irrational longer than you can stay solvent". Some of the regular posters are very knowledgeable in there are and usually have their own niche.



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