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Thread: Cannabis stocks

  1. #73

    Default Re: Cannabis stocks

    This cannabis stocks, Aurora, has been consolidating nicely, and looks primed for move to $10 - $11.

    Full disclosure... I own it and bought more this morning after yesterday's reversal and gap fill.

    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

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  3. #74

    Default Re: Cannabis stocks

    Why the cannabis industry has stalled for more than a year: Morning Brief

    To say the cannabis industry has gone nowhere over the last year and a half might be a generous assessment.

    In 2019, the sector dropped 32%, against an increase of 29% for the S&P 500, according to data from Stifel. And so during a year in which investors could "throw a dart" and make money, the cannabis sector lost around a third of its value.
    More ... https://finance.yahoo.com/news/why-t...110356644.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

  4.  
  5. #75

    Default Re: Cannabis stocks

    Pop! Goes the pot stocks.

    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

  6.  
  7. #76

    Default Re: Cannabis stocks

    The pot stocks are getting high again.



    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

  8.  
  9. #77

    Join Date
    Aug 2011
    Location
    Mississippi
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    Default Re: Cannabis stocks

    I was just looking at a few of these today, and I know a lot of us have been told we shouldn't be holding positions in these companies if we're government employees, but it sure seems like some money to be made there. For anybody that can, Do you think it's too late to get in on these stocks? I mean, I figure if legalization continues, possibly at the federal level too, shouldn't these stocks continue rising?

    However, when Canada legalized it didn't really do much.

    Managers Trust ETFMG Alternative Harvest looks like a great ETF to be invested in today.
    Scott Harrison
    Senatobia, MS

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  11. #78

    Default Re: Cannabis stocks

    Looks like they are giving you an opportunity today. The short squeezers are either taking profits, or the shorts are pounding it again.

    It was trading in the 70's last night in after hours. I picked up a few here in the mid-40's (45) where the gap was filled and see where it takes me. Unfortunately the stop area should probably be below the open gap at 30, but that's a little too steep.

    Don't try this at home.

    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

  12.  
  13. #79

    Default Re: Cannabis stocks

    Quote Originally Posted by tsptalk View Post
    Don't try this at home.
    I shouldn't have tried to do it either. I'm getting out already as it just fell below $40. Maybe I'll revisit near $30.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

  14.  
  15. #80

    Join Date
    Aug 2011
    Location
    Mississippi
    Posts
    904

    Default Re: Cannabis stocks

    I know a guy that just bought MJ for 26.27
    Scott Harrison
    Senatobia, MS

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  17. #81

    Default Re: Cannabis stocks

    Probably a good idea to pick a basket like that, instead of one company, although they all seem to be behaving the same today.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.


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  19. #82

    Default Re: Cannabis stocks

    Gaps filled. Now what?

    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

  20.  
  21. #83

    Join Date
    May 2011
    Location
    Florida
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    Default Re: Cannabis stocks

    Quote Originally Posted by tsptalk View Post
    Gaps filled. Now what?
    Congress legalizes weed over the weekend and every pot stock goes up 200% on Tuesday?

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  23. #84

    Join Date
    May 2007
    Location
    Washington State
    Posts
    185

    Default Re: Cannabis stocks

    Quote Originally Posted by tsptalk View Post
    Probably a good idea to pick a basket like that, instead of one company, although they all seem to be behaving the same today.
    MJ been good for my friend over that last week or so; he keeps resetting his stops higher for when it goes back down... "IF" it does - right.

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