Stock Advice Thread
- Thread starter dgtatu01
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Behind every great man is a great lady. And the Queen is a hip chick. Whenever George came home she’d have a fat bowl waiting for him. She grew fields of that stuff, man. She was a hip, hip lady.
Takeaway your first sentence & it's a first rate post. But it's only a bad market if it goes down substantially from here. I guess you know the future though.
DOW up 5% over last two days. How is that a bad market?
This has been a bad market since Jay Powell spoke on October 3rd and before yesterday, this month had been the wurst December since 1931. Basically this is a correction, bear market or whatever you want to call it. None of which is my point in the above post but it happened. Then again maybe you find 800-1000 point swings predictable.
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The S&P 500 is up 8% from the recent low. Another great week or two and that bear market was just tax-loss selling gone wild. The fed backing off the rhetoric was as huge as the calendar perhaps also.
Pot stocks en fuego minus TLRY. Oil, software and semi's leading also at last. Every market needs leaders to go higher and these appear to be a few of them.
Interesting article about how the economical and social changes in Colorado in the last 5 yrs of legalization.
https://finance.yahoo.com/news/legalized-cannabis-changed-colorado-past-223656625.html
Am I reaching, or is there some information here that can indicate to the country level? Meaning, if the US were to legalize federally, could the massive increase in Colorado revenue be a fair comparison to the national level? Or am I just reaching?
https://finance.yahoo.com/news/legalized-cannabis-changed-colorado-past-223656625.html
Am I reaching, or is there some information here that can indicate to the country level? Meaning, if the US were to legalize federally, could the massive increase in Colorado revenue be a fair comparison to the national level? Or am I just reaching?
Not reaching at all. It would be alarming the tax revenues that would benefit every form of govt.
The ones more educated than me are predicting an 80 billion dollar industry, and for some reason I think that even comes short of what it would be. The financial impact that would have on the farmers, distributors, retailers and tax that its absurd we are just considering this and not full bore green light go on it.
The ones more educated than me are predicting an 80 billion dollar industry, and for some reason I think that even comes short of what it would be. The financial impact that would have on the farmers, distributors, retailers and tax that its absurd we are just considering this and not full bore green light go on it.
The sales tax alone would, not to mention all the income taxes and property taxes from the land.
Also consider this, if marijuana was legal it would give Mexico farmers an abundance of jobs and a crop for trade. That would make it less likely for them to go anyway to get out of their poor country.
Also consider this, if marijuana was legal it would give Mexico farmers an abundance of jobs and a crop for trade. That would make it less likely for them to go anyway to get out of their poor country.
Unsure but if it reduces this number as it relates to alcohol, that's a good thing.
APHA CEO and co-founder both fired today. Stock jumps 5%. CRON, ACB and CGC jump also. TLRY up 19%.
TLRY is weird. For a company that’s not valued as much as some of the others, it doesn’t trade like it.
CGC massively outperforms this week despite bad press like below.
Nope, It’s Not Yet Time to Buy Canopy Growth
Nope, It’s Not Yet Time to Buy Canopy Growth
Yes but a dude(I forget his first nam) Jeffrey stated this was the pot stock to have and people came pouring in with investment.
CGC is as guaranteed at success as a company can be.
What don’t you get? You seem to be a know it all type waiting to show everyone when they are dumb.
Income taxes generated for farmers will be HUGE, they will be forced to hire to keep up with demand. All the supplies that impact the other industries as well generate more taxes.
But I guess you disagree about all the avenues in which “tax” can be generated?
CGC is as guaranteed at success as a company can be.
What don’t you get? You seem to be a know it all type waiting to show everyone when they are dumb.
Income taxes generated for farmers will be HUGE, they will be forced to hire to keep up with demand. All the supplies that impact the other industries as well generate more taxes.
But I guess you disagree about all the avenues in which “tax” can be generated?
Calm down hoss. Just don’t understand how a sales tax or property tax would build the wall?
Federally legal marijuana will generate a predicted 80 billion dollars.......I know I’m stretching but I think medieval and residential will actually blow that number out of the water.
Exaggerated numbers say marijuana could reach 150 billion dollar industry.
6%(Ky sales tax not) on that is a ton of sales tax.
There are also a lot of ways to generate extra revenue on this product like alcohol does where they charge and extra 3% on top of the 6%.
I don’t pretend to have all the answers, but in general this will be a market that will explode to the point where no one will be able to keep up at first.
Exaggerated numbers say marijuana could reach 150 billion dollar industry.
6%(Ky sales tax not) on that is a ton of sales tax.
There are also a lot of ways to generate extra revenue on this product like alcohol does where they charge and extra 3% on top of the 6%.
I don’t pretend to have all the answers, but in general this will be a market that will explode to the point where no one will be able to keep up at first.
If hemp comes back anywhere near to what it once was, I wouldn't mind if the taxes never left the state or would benefit Kentuckians the most. I live here of course.
I got extremely lucky on that one, then got out! I’ve been 60% Cash, have lowball buy prices on some favorite stocks, looks like I’m missing a pretty good January run except for my 40% invested...busy duck hunting. I stupidly had forgotten to come to this site, enjoy it. I do think some here are too hung up on cannabis stocks when you may be losing opportunities and diversification on a few shares of stocks like AMZN, ADBE, CRM, V, ISRG, PYPL, etc.
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Well, well, what a coincidence. Just happened over here last night (not as much to do now that CFB is finished 'till Spring practice) and lo and behold I find that several of you are in the same marijuana company that I just bought into this past Wednesday morning. Yep, Canopy Growth (CGC). Bought my first stock when I was 12 (Dayton Power & Light) and 45 years later I'm buying my first Marijuana Stock and independently chose the same company as many of y'all.
I've been sitting on some cash since last May since being cashed out on another stock (they were bought out in an all-cash deal), and deployed less than half of it this past Wed. by opening-up 1/2 intended size positions in the following 6 companies (with price paid per share):
Micron Tech (MU) $35.86
Wayfair (W) $97.65
Zillow Group (ZG) $31.80
Digital Realty (DLR) $101.21
Myriad Genetics (MYGN) $29.12
Canopy Growth (CGC) $30.35
Then 1/3 of intended position in 7th company on this past Friday morning:
Applied Micro Devices (AMD) $19.47
Looking to add 3 more companies and cap at 10 individual stocks. Typically try to find a company who will benefit from being in the early stage of adoption of some innovation and/or trend, so themes like Big Data, IoT, Advances in Medicine/Healthcare, Self-driving cars, AI, Cloud, Millennium consumerism/housing and......the acceptance/adoption of medical and even recreational marijuana.
1 of my last 3 picks may be a bundle of 3 or 4 smaller marijuana company names that when added together equal a full position. I'm currently reading and learning more about the following 3 marijuana stocks:
HEXO Corp ((HYYDF)
Innovative Industrial Properties (IIPR) - a REIT that that buys then leases back industrial property to the producer
CannTrust Holdings (CNNT)
Oh, I bought each of these with the objective of finding a company or two that will be a multi-bagger over the next 3 - 8 years. While the mult-baggers can typically take years, especially if we're talking generational wealth producing gains, I'm not adverse to trading around a core position, using LEAPs, strategically adding to a position, using mental stops (including trailing), etc.
For example, given the current volatility in the Marijuana/Cannabis Sector, I will have no problem selling some or all of the CGC I bought a few days ago ($30.35) if it quickly runs toward $50 this coming week and pushes up against overhead resistance while technicals reflect overbought. If and when situations like that present themselves, one of course hopes to fully re-stock his position upon a healthy pullback, but as we all know, there's often just no telling whether we end up getting cute thinking we'll buy back in lower, only to watch the stock make another 30% mover upward, lol.
Let's make 2019 a year to remember----on the upside!
I've been sitting on some cash since last May since being cashed out on another stock (they were bought out in an all-cash deal), and deployed less than half of it this past Wed. by opening-up 1/2 intended size positions in the following 6 companies (with price paid per share):
Micron Tech (MU) $35.86
Wayfair (W) $97.65
Zillow Group (ZG) $31.80
Digital Realty (DLR) $101.21
Myriad Genetics (MYGN) $29.12
Canopy Growth (CGC) $30.35
Then 1/3 of intended position in 7th company on this past Friday morning:
Applied Micro Devices (AMD) $19.47
Looking to add 3 more companies and cap at 10 individual stocks. Typically try to find a company who will benefit from being in the early stage of adoption of some innovation and/or trend, so themes like Big Data, IoT, Advances in Medicine/Healthcare, Self-driving cars, AI, Cloud, Millennium consumerism/housing and......the acceptance/adoption of medical and even recreational marijuana.
1 of my last 3 picks may be a bundle of 3 or 4 smaller marijuana company names that when added together equal a full position. I'm currently reading and learning more about the following 3 marijuana stocks:
HEXO Corp ((HYYDF)
Innovative Industrial Properties (IIPR) - a REIT that that buys then leases back industrial property to the producer
CannTrust Holdings (CNNT)
Oh, I bought each of these with the objective of finding a company or two that will be a multi-bagger over the next 3 - 8 years. While the mult-baggers can typically take years, especially if we're talking generational wealth producing gains, I'm not adverse to trading around a core position, using LEAPs, strategically adding to a position, using mental stops (including trailing), etc.
For example, given the current volatility in the Marijuana/Cannabis Sector, I will have no problem selling some or all of the CGC I bought a few days ago ($30.35) if it quickly runs toward $50 this coming week and pushes up against overhead resistance while technicals reflect overbought. If and when situations like that present themselves, one of course hopes to fully re-stock his position upon a healthy pullback, but as we all know, there's often just no telling whether we end up getting cute thinking we'll buy back in lower, only to watch the stock make another 30% mover upward, lol.
Let's make 2019 a year to remember----on the upside!
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About time you got over here, Dayton, great post as I’m looking to deploy some Cash, too! Reading more closely, we think alike on themes except you are more up to date. Other themes I’ve studied and tried are pet and fitness center related, but currently have dumped all of those.
Thanks, lz. Guess we both see that with the Fed appearing to indicate that they will lighten the "foot on the brakes" and with (hopefully) weak hands being flushed out the last few months, time to start using some of that dry powder.
Seeing a lot of what hopefully are double-bottoms put-in, but easing-in as an exercise of discipline (or the memory of whip-lash from days gone by lol).
Starting 2019 with good deal of optimism ----well how couldn't one, after going 10-3 with a New Year's Day win!
Hey lz, about to celebrate my 39th year in the investment business (Jan. 20th) and we have positions in a lot of the same stocks including Salesforce, Paypal and so on but I'd rather talk duck hunting western Kentucky.
Resting my old body, 77, my brother had to go hunting solo today, got 4 by 8:40. His son is going on an expensive two day hunt Tu-Wed at Stuttgart, Ark, to say he’s been there, doubt he does better than his dad, based on reports of ducks still lingering north.
I feel forced to be patient with my investing finally, as Dayton says, foolish to jump in too fast with the scary environment. The pros say nibble on the down days in this market, be a spectator on up days...obeying so far.
You mentioned DP&L. Are you a Dayton native? I spent 8 years in the Miami Valley myself in the 80's and 90's.
Born at Good Samaritan, Dayton, OH. 1st generation out of the hills. First 6 years lived in Huber Heights, then moved to Troy (football town) through high school. Undergrad WKU, Grad school UK. Did another stint in downtown Dayton 1995 - 2003, lived just past the YMCA on Monument Ave. Born a UK fan....it's in the blood.
I did some nibbling today, opened up 1/2 positions on AZO ALSN CROX, sold EW, hope to get it again lower.
My wife lived in Tipp City and I was much further south in Miamisburg but we didn't know each other in those days. We met in Cincinnati in 1999 after I had returned to NKY in 1993. Anyway you have some nice gains in the pot space. I was looking at IIPR just last week as an alternative play. Nicely done sir! I still have a small position in MU but was spooked on the way down at $37 and sold most of it then.
Well CGC is all the way back up to my starting point. That was a hard pill to swallow and I truly doubted myself as I doubled down at $26.61 for the 4th time!
I’m probably going to pull my investment at the rate I got it now with a sizable profit and reinvest if I can get it a little lower.
Hope I’m right.
I’m probably going to pull my investment at the rate I got it now with a sizable profit and reinvest if I can get it a little lower.
Hope I’m right.