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+1

Jun 27th, 2018 10:42 am

#11085

JRGUINNESS: Deal Addict; Feb 27, 2015; 4466 posts; 2156 upvotes; Toronto, ON

Jun 27th, 2018 10:42 am

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.

Jun 27th, 2018 10:51 am

#11086

Jeenyus1: Deal Fanatic; Oct 9, 2008; 5681 posts; 2233 upvotes; Thornhill

Jun 27th, 2018 10:51 am

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.

+7

Jun 27th, 2018 11:12 am

#11087

Ticco: Deal Addict; Jun 21, 2008; 2943 posts; 384 upvotes; Toronto

Jun 27th, 2018 11:12 am

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

Jun 27th, 2018 11:15 am

#11088

LongLiveRFD: Deal Fanatic; Jan 6, 2011; 5882 posts; 1373 upvotes; GTA

Jun 27th, 2018 11:15 am

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?

Jun 27th, 2018 11:39 am

#11089

1xTiMeR: Deal Fanatic; Apr 25, 2006; 6288 posts; 1203 upvotes

Jun 27th, 2018 11:39 am

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

+1

Jun 27th, 2018 12:46 pm

#11090

zaidyboy: Deal Fanatic; Jan 22, 2006; 5048 posts; 2556 upvotes; Northside

Jun 27th, 2018 12:46 pm

Bought some APH at $12.12.

Jun 27th, 2018 12:59 pm

#11091

dsichewski11: Sr. Member; Jan 22, 2018; 761 posts; 133 upvotes

Jun 27th, 2018 12:59 pm

zaidyboy wrote: ↑ Bought some APH at $12.12.

I bought at 12.75 and 12.35......have a third stink bid in for 11.90...

Jun 27th, 2018 1:00 pm

#11092

zaidyboy: Deal Fanatic; Jan 22, 2006; 5048 posts; 2556 upvotes; Northside

Jun 27th, 2018 1:00 pm

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.

Jun 27th, 2018 1:07 pm

#11093

kuznagi: Sr. Member; May 23, 2007; 847 posts; 48 upvotes; Calgary

Jun 27th, 2018 1:07 pm

zaidyboy wrote: ↑ apparently some news coming out tomrorow...not sure if this is true.

Believe that is when the bought deal closes.

flickr

+1

Jun 27th, 2018 1:08 pm

#11094

Jeenyus1: Deal Fanatic; Oct 9, 2008; 5681 posts; 2233 upvotes; Thornhill

Jun 27th, 2018 1:08 pm

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..

+2

Jun 27th, 2018 1:16 pm

#11095

Jeenyus1: Deal Fanatic; Oct 9, 2008; 5681 posts; 2233 upvotes; Thornhill

Jun 27th, 2018 1:16 pm

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.

+3

Jun 27th, 2018 1:22 pm

#11096

LongLiveRFD: Deal Fanatic; Jan 6, 2011; 5882 posts; 1373 upvotes; GTA

Jun 27th, 2018 1:22 pm

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.

Jun 27th, 2018 1:29 pm

#11097

zaidyboy: Deal Fanatic; Jan 22, 2006; 5048 posts; 2556 upvotes; Northside

Jun 27th, 2018 1:29 pm

dsichewski11 wrote: ↑ I bought at 12.75 and 12.35......have a third stink bid in for 11.90...

almost at 11.90..wow!

Jun 27th, 2018 1:35 pm

#11098

Spiderbait: Newbie; Jul 31, 2014; 67 posts; 78 upvotes; Vancouver, BC

Jun 27th, 2018 1:35 pm

WEED has created a fresh batch of bag holders, a new generation to carry the bags forward.

+2

Jun 27th, 2018 1:40 pm

#11099

Jeenyus1: Deal Fanatic; Oct 9, 2008; 5681 posts; 2233 upvotes; Thornhill

Jun 27th, 2018 1:40 pm

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.

https://forums.redflagdeals.com/short-t ... 175747/40/

+1

Jun 27th, 2018 1:45 pm

#11100

JRGUINNESS: Deal Addict; Feb 27, 2015; 4466 posts; 2156 upvotes; Toronto, ON

Jun 27th, 2018 1:45 pm

Sooooooo....

Anyone buying to average down?

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