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Psychedelics and Shroom Stocks

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Mar 5th, 2020 7:02 am
izzyzz [OP]
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Mar 5th, 2020 7:02 am

Psychedelics and Shroom Stocks

I felt that this deserved its own thread, following the debut of MMED backed by Bruce Linton and Kevin O’Leary.

Needless to say, this is a highly speculative space that has attracted many characters from the early days of Weed bubble. Is it Weed 2.0? We shall see...
Last edited by izzyzz on Dec 12th, 2020 10:03 am, edited 17 times in total.
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Mar 5th, 2020 7:06 am
izzyzz [OP]
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Mar 5th, 2020 7:06 am

All of the stocks in the space are pretty much pumps with unclear business plans but RVV.C is truly special...

This thread is hilarious:

Last edited by izzyzz on Mar 6th, 2020 5:47 am, edited 1 time in total.
Mar 5th, 2020 7:14 am
izzyzz [OP]
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Mar 5th, 2020 7:14 am

LITT.V is another one that looks real dodgy. They’ve announced an acquisition of CLOV Biopharma, supposedly a research company that is working on a Coronavirus vaccine. I saw many posters on various forums claiming it was a Chinese biomed co Clover Biopharma - http://www.cloverbiopharma.com/ - but that is false. CLOV has no web presence and LITT did not return messages asking for more information about it.

Additionally, LITT has announced an LOI with a Dutch company Psychedelic Insights to open a treatment centre in California but that has gone nowhere so far. They said the Definitive Agreement was expected to be completed by the end of February, then nada.
Mar 5th, 2020 7:19 am
izzyzz [OP]
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Mar 5th, 2020 7:19 am

Disclosure: per my posts in other threads, I have traded MMED from .40 to .72. Currently holding SHRM at .30. Not planning to enter any other listed tickers at this time.
Mar 5th, 2020 7:40 am
cartfan123
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Mar 5th, 2020 7:40 am

I think Weed 2.0 was supposed to be edibles that was supposed to reignite the weed market last fall but didn’t. So this might have to be Weed 3.0 “Because I got blown up real good on weed, lemme see if I can time this one right!”

Bottom line it is another sector where the black market is just so established but it’s really down to can you just get in early, pump it up and run for your life and get out.
"It is in times of great fear or greed that the most opportunity exists."
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Mar 5th, 2020 8:47 am
Chance7652
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Mar 5th, 2020 8:47 am

cartfan123 wrote: ↑ I think Weed 2.0 was supposed to be edibles that was supposed to reignite the weed market last fall but didn’t. So this might have to be Weed 3.0 “Because I got blown up real good on weed, lemme see if I can time this one right!”

Bottom line it is another sector where the black market is just so established but it’s really down to can you just get in early, pump it up and run for your life and get out.
I think this for this one the black market is pretty sketchy. Shrooms always seem hard to find and you also never know what your getting (your actually poisoning yourself so there's risk).

Speaking from what I've heard from a 'Friend' of course :).
Mar 5th, 2020 9:37 am
izzyzz [OP]
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Mar 5th, 2020 9:37 am

MMED is testing $1 resistance. SHRM at .40. This is wild!

Also, RVV up 20% and halted, pending news. LITT up 15%. BOSS up 18%.
Mar 5th, 2020 10:02 am
Mitts87
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Mar 5th, 2020 10:02 am

Also traded from .37 to .78 and sold it all at 3:59 for just over 100% profit. Saw it was up 25% today and back down to yesterdays close. MMED. Probably jump back in but with a smaller investment.
Mar 5th, 2020 3:06 pm
DarekP84312
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Mar 5th, 2020 3:06 pm

WEED was good. Now time for SHRM. Can’t wait to buy some METH.
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Mar 5th, 2020 3:25 pm
izzyzz [OP]
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Mar 5th, 2020 3:25 pm

Sold half of my SHRM between .38 - .41 (avg .30). Set a stop on the rest. Crazy couple of days. Gotta protect those profits!

EDIT: And sold the rest at .38. May be too early but just don't feel like holding it overnight. Could see it cool off for the next few days along with MMED. Or not. Either way, I am happy. :)
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Mar 5th, 2020 6:05 pm
crazycoward
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Mar 5th, 2020 6:05 pm

Bought MMED yesterday at 0.74, sold today at 0.89
Small position so only made like $200.

I hate how it's on the NEO which doesn't let you set limits and stops
Mar 5th, 2020 8:21 pm
Mitts87
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Mar 5th, 2020 8:21 pm

I can set limits through TD. I bought more at .78 after selling yesterday at .78. Smaller position but will hold for awhile. I'm sure there will be lots of swings.
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Mar 6th, 2020 10:47 am
izzyzz [OP]
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Mar 6th, 2020 10:47 am

It looks like cashing out yesterday was a good move. What goes up must come down... especially if it goes up way too fast. :)
Mar 6th, 2020 10:58 am
Chance7652
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Mar 6th, 2020 10:58 am

izzyzz wrote: ↑ It looks like cashing out yesterday was a good move. What goes up must come down... especially if it goes up way too fast. :)
You know its a bad day in the market when a blue chip like Mind Medicine is down 14%...

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