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Thread: Marijuana Stocks?

  1. #85

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    Default Re: Marijuana Stocks?

    Quote Originally Posted by bmneveu View Post
    I want to get in on some of these for a long term hold. I think these stocks can bring in some serious gains over the next few years. But which ones?

    I found this.. Marijuana Stocks | Marijuanaindex.org | Stock Performance & News

    It says the index ticker is ^MMJ, but I can't seem to find it. I would be more comfortable investing in an index than individual companies at this point.
    You can't trade indexes... I mean, no disrespect intended, but can you buy the S&P 500 Index?
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  3. #86

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    Default Re: Marijuana Stocks?

    Quote Originally Posted by bmneveu View Post
    I want to get in on some of these for a long term hold. I think these stocks can bring in some serious gains over the next few years. But which ones?

    I found this.. Marijuana Stocks | Marijuanaindex.org | Stock Performance & News

    It says the index ticker is ^MMJ, but I can't seem to find it. I would be more comfortable investing in an index than individual companies at this point.
    Wow! Thanks! Seeking Alpha had a pretty good article on marijuana stocks this morning. IMO, there's no question this is a huge growth industry. But it definitely will have its ups and downs ... As well as winners and losers unfortunately. I'm going to invest in in marijuana somewhere, but I plan to do a lot of studying first.

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  5. #87

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    Default Re: Marijuana Stocks?

    [QUOTEOriginally Posted by bmneveu ]I want to get in on some of these for a long term hold. I think these stocks can bring in some serious gains over the next few years. But which ones?

    I found this.. Marijuana Stocks | Marijuanaindex.org | Stock Performance & News

    It says the index ticker is ^MMJ, but I can't seem to find it. I would be more comfortable investing in an index than individual companies at this point.
    [/QUOTE]

    Quote Originally Posted by RealMoneyIssues View Post
    You can't trade indexes... I mean, no disrespect intended, but can you buy the S&P 500 Index?
    Wait a while. A Vanguard marijuana index fund (VMJIX) --- I can see it now.

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  7. #88

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    Default Re: Marijuana Stocks?

    Quote Originally Posted by Khotso View Post
    Wait a while. A Vanguard marijuana index fund (VMJIX) --- I can see it now.
    Absolutely, but there isn't an ETF or MF or anything right now that I could find...

    Like you said, give it time
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  9. #89

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    Default Re: Not up to States, or voters.


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  11. #90

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    Default Re: Marijuana Stocks?

    Quote Originally Posted by RealMoneyIssues View Post
    You can't trade indexes... I mean, no disrespect intended, but can you buy the S&P 500 Index?
    The C Fund!


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  13. #91

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    Default Re: Marijuana Stocks?

    Quote Originally Posted by bmneveu View Post
    The C Fund!
    You are not buying the index, you are buying something that TRACKS the index. Just like SPY, it "tracks" with the S&P-500. I am sure there are other S&P500 tracking ETFs, but that is the one I watch.

    DIA for the DJIA
    QQQ for the NASDAQ100
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  15. #92

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    Default Re: It's not an election issue, and it won't ever be up to voters to decide science.

    Hmmm ... beware!

    First pot-stock billionaire says shares are a tad high
    By Nathan Vardi, Forbes Staff

    Bart Mackay's holdings in CannaVest, a hemp-based investment firm, have skyrocketed in the past year. But he admits 'there is probably a bubble' in the industry. Mackay is the first pot-stock billionaire. Mackay's holdings in CannaVest (CANV -27.34%), which bills itself as the world's leading hemp-based investment company, are valued at $1.8 billion.

    CannaVest’s most up-to-date books show $10.7 million of assets. For the nine months ending Sept. 30, 2013, the last time period for which CannaVest reported financials, revenues were $1.35 million and losses were $28.4 million. Mackay concedes these fundamentals don't really support a sky-high stock valuation.

    "What you have here is in some ways, in my mind, a perfect storm where for some reason marijuana stocks are getting some probably under normal reasonable terms outlandish valuations," says Mackay.

    Also in the article: The Financial Industry Regulatory Authority warned investors back in August about marijuana stock scams, saying "the con artists behind marijuana stock scams may try to entice investors with optimistic and potentially false and misleading information that in turn creates unwarranted demand for shares of small, thinly traded companies that often have little or no history of financial success."
    The First Pot Stock Billionaire Says His Penny Stock Could Be A Little High - Forbes

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  17. #93

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    Default Re: Marijuana Stocks?

    Marijuana stocks have come back down to earth over the last month. Good call Khotso!

    But pot stocks had a huge day yesterday. It might have had something to do with this..

    Marijuana Stocks | Marijuanaindex.org | Stock Performance & News

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  19. #94

    Default Re: Marijuana Stocks?

    PHOT up in smoke. Halted. Be careful with the penny stocks.

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  21. #95

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    Default Re: Marijuana Stocks?

    This is not distinctive to Marijuana stocks as many have jumped on the band wagon of bashing. Penny Stocks more so but stocks overall have associated risk, just ask pre-2009 GM stock owners. That is why your portfolio should be balanced to fit your risk appetite.
    In Dog Beers I've only had two.

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  23. #96

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    Default Re: Marijuana Stocks?

    Marijuana stocks are back on the menu with the election. With a Biden win some say Americans will be as high as Canadians before you know it.

    Marijuana will likely be legalized to some degree in the next four years regardless of who gets in. Most marijuana stocks trade on the pink sheets because they can't trade on a real exchange. Many think that once it's legal and more of these companies trade on the NYSE, big money will flood into them. There's more to it than that. Many of those Canadian growers are having a tough time turning a profit despite it being legal for almost three years now.

    Aurora Cannabis, down some 98% in the past year. Canopy down some 50%. Neither of these were penny stocks either.

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