Thanks. Cannabis stocks were subject to the wild ride of the Canadian pump and dump schemes. They love doing that up there. Federal legalization (if it actually happens) will be where we will see the separation of the winners and losers. KERN looks like a cannabis software play, which i don't think will be a very big market and has a low barrier to entry. Big players that have a multistate US presence will win out eventually. Be wary of the Canadians. They have been very poor operators to date. The American based groups will take their market share very quickly.
OT: Stock and Investment Thread
- Thread starter RU05
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Thanks. Cannabis stocks were subject to the wild ride of the Canadian pump and dump schemes. They love doing that up there. Federal legalization (if it actually happens) will be where we will see the separation of the winners and losers. KERN looks like a cannabis software play, which i don't think will be a very big market and has a low barrier to entry. Big players that have a multistate US presence will win out eventually. Be wary of the Canadians. They have been very poor operators to date. The American based groups will take their market share very quickly.
Almost impossible to predict when the market will drop, but what goes up must come down. I’ve been doing this a while and I don’t try to time the market, and rarely touch my retirement accounts other than to rebalance. However, I’ve been taking some profits in my individual accounts the past few weeks increasing my cash position. I don’t believe there will be a massive 30% correction unless there is a major catalyst, but 10-15% followed by side-ways trading for a while seems likely. Gotta keep an eye on the Big Money because ultimately it will be the retail traders that get left without a chair when the music stops. When I see stocks like MGM trading at a 52-week high (yes higher than pre-COVID) I get concerned because their entry into online gaming doesn’t erase the massive COVID losses. Plus, the re-opening will be a quick boom but will normalize.
Reminds me of the Buffett quote: "When the tide goes out we see who isn't wearing a bathing suit."
We will also see who has the biggest dong.
(I used this joke the last time someone posted that Buffet quote, but got no response, so I'm giving it a 2nd chance).
The topic of "bubble" is semantics. We are in a bubble based on normal/old metrics and dynamics, but the game has changed (temporarily). With zero interest rates and Feds pumping, where else can normal people go for legit returns? It's the stock market or essentially under the mattress. In these conditions, no, we are not in a bubble. The market is performing in a reasonable way.
Now, what happens when interest rates and pumping changes? I'm sure there will be a big correction, but until that happens, enjoy the party! I am working hard to maximize returns this year and hopefully next year. However, I am also doing a lot of research and planning for what comes next (which I assume will be 2000s'ish).
For all the Tesla stock lovers, just saw a news ticker that Toyota announced 3 new EVs they plan to launch in the US this year. Toyota stock up 6% on the news.
CW and ARK says we are not in a bubble. Check out the Feb webinar once it is posted for replay. I was on it yesterday:
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CW and ARK need to perpetuate the “market can go up forever” notion. But, CW will be long gone by the time the music stops.
Ya, saw that, though I'm not in the TSLA lover category.
I had considered TM, but I'm in pretty heavy on GM and F. Still might put some money into TM though. It's a good company that makes good cars.
Goldman Sachs guy was on this morning saying money was leaving the money market funds, with the expectations that it was going into equities.
People who are calling the bubble, might not be wrong, but they might be very early.
And I think that is where the discipline comes in, take the profits off the high flyers and put it into some value plays.
We talked AT&T the other day. But how bout NRG, of GD? These guys are already pretty low. GD skated right past the 2000 bubble. As did NJR.
Last time the bubble popped, what still performed was:
Value, emerging markets, innovation, health sciences. I'm sure some other sectors did fine as well. This time around, truly innovative companies may knock out some the value plays.
Up to $2.65, a 60% jump for the day. Going to put an Ask in at $3.00 good for the day, about 1/3 my position, see if someone bites.
Personally I think they're all walking zombies when Federal Prohibition ends. The MSOs require prohibition and tough regulation to keep their margins. Altria will gladly plow under their tobacco plants they sell for 75 cents an ounce to sell cannabis for 3 dollars an ounce. Curaleaf & Greenthumb won't be able to compete with well established brands with well established distribution networks selling for a fraction of the MSOs costs. At that point they become retailers, and get the risk premium that a Walgreens or Rite Aid would get. I've still got 3 MSOs, but it's essentially house money at this point.
On Sunday I caught a commercial for this product, and had to rewind to find out more info. It honestly looked like a commercial for edibles. When you dig a little deeper, it's a new Proctor & Gamble brand, that IMO is a national test run for weed gummies. This is where the future of cannabis lies, not in vape pens or fancy child proof baggies of weed.
@T2Kplus20 Check out this video on Bitcoin when you get the time its long about a hour but this guy brings up lots of good stuff. He shills the hell outta it. I just got in the two EV ETF's I went 70% in IDRV and 30% in HAIL
We've got a sizeable number of posters in this thread who switched from online gambling on sports in March to online gambling of penny stocks. The game hasn't changed. The new players just have a different risk profile than long term investors, and the house edge on pink sheets/OTCs is better than a house's vig on sports bets. Once the endorphin high wears off, they'll switch whatever's left of their money to something else.
Half right. Retirement accounts are traditional and in line with the prevailing wisdom of the board. But yes, I don't mind gambling on spac's, pennies, etc. with discretionary income. Oh, and I still gamble on sports too.
Can’t wait to see what Musk announces tomorrow to try and overshadow the Toyota announcement...
Good luck Tesla there is a mob of global auto manufacturers that will flood the EV market.
Good luck Tesla there is a mob of global auto manufacturers that will flood the EV market.
I agree with one big exception. Altria, Inbev, etc. would much rather buy than build. Some of these guys will get bought out at huge multiples. There will also be a segmented market like beer with craft growers getting premium prices.
Agree on the edibles. The future is in edibles, beverages, tinctures. Those will capture much bigger market share in the long run.
I don't care but am fascinated when folks like you make those types of statements.
Curious what 2017 model. Curious why not a lemon if true.
Every single manufacturer has lemons, every single manufacturer has issues. The hardest thing to erase is a poor reputation and most folks like yourself are still going by 70s,-90s experiences.
I'm not pro BIG 3 , but I think GMs quality and tech are up. Their marketing is up. And their investment in EVs is a huge indicator for future success.
I am curious when tesla quality issues will finally catch up to them like it did the big 3. Or somehow they may be fortunate to keep the halo like Land Rover does despite horrendous reliability.
Folks like me? WTF does that mean? Haven't you made enough wrong assumptions for one thread?
You will never ever buy a GM F or Chrysler product based on your son's experience.... So yes folks like you.
I haven't made a single wrong assumption yet. As an investor I need to know what customers are thinking. Along those lines there are customers you can't influence ( stubborn old grudges or plain just PIA types you can't win over) that don't matter. But the ones that have an open mind, the ones that can be swayed, those are the ones I'm really interested in.
Sorry if that offends - none intended... It's just part of the marketing game.
More bad news for $TSLA from Edmunds:
"Tesla vehicles tested, on average, scored about 9% worse than EPA predicted range. The other 10 EVs beat expected range by an average of about 19%.
Range is a big factor when comparing EV models. More range can mean better pricing and more market share for an EV. Tesla still has excellent range. Its vehicles averaged about 273 miles on a single charge, compared with 256 miles for the other 10 EVs. But the Tesla lead is less than 20 miles compared with an EPA expected lead of about 80 miles per charge."
"Tesla vehicles tested, on average, scored about 9% worse than EPA predicted range. The other 10 EVs beat expected range by an average of about 19%.
Range is a big factor when comparing EV models. More range can mean better pricing and more market share for an EV. Tesla still has excellent range. Its vehicles averaged about 273 miles on a single charge, compared with 256 miles for the other 10 EVs. But the Tesla lead is less than 20 miles compared with an EPA expected lead of about 80 miles per charge."
Blasphemy! Tesla will rule the auto world - at least in regulatory credits and BTC investments! Just wait until investors wake up and realize Tesla’s meteoric stock rise was nothing more than a prolonged pump-and-dump scheme driven by inflated narratives.
And if people aren't paying attention look at the moves from the small caps and the pennies. It's a real trend at this point. Who knows when it will end, but I have no issues trading the momentum.
Interesting how this real trend is in unregulated stuff. It's probably different this time though.
Crypto news - Grayscale may start a new trust offering for Cardano/ADA (and a few others). Cardano seems to have some legs.
I don't care if it's regulated, or if it's different.
Look at the performance of the R2K vs the 3 majors since October. The trend is real, and it goes far beyond the pot stocks.
Also interesting that just one page back your talking about how you bought weed stocks a couple years ago, but now it's dumb because it's unregulated.
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I never listen to Cramer. Just seems like a media person and not a market/financial expert.
I've cooled on him, but he undoubtedly knows the market. I actually like when he talks the overall market moreso then when he talks individual stocks. His interviews with company heads are total schmooze fests.
Edit: SNDL currently at $4.80, at this level I would have hit a profit taking target.
To me, he is a former subject matter expert, but once you become a media personality, you lose your chops and "success" becomes something else (i.e., get ratings). You see this happen in the political world all of the time.
More importantly, my biggest retirement account is crushing it. I jumped into a new fund to start the year (PRGTX - T Rowe Price Global Technology Fund) and it is popping. I wish I was in it last year as well!