Stock Advice Thread

[jameslee32]

Pot stocks getting a bounce minus CRON. Selling opportunity soon? I'd trade the stocks only at this point. Luckily there is no hint of inflation.

Unless the various headlines go away, speculation will struggle. I think the rally in PG and KO etc. speaks volumes.

 

[jameslee32]

Agreed. Possible multi-billion dollar business. And is a foot in the door for legalization of full pot.

Hope so. The hemp legislation was huge for all cannabis.

 

[krazykats]

Well it sounds like they are offering federal expungement for canabis related crimes too, so the next step will be sooner than later.

Not for nothing, but selling now is a bit of a misstep. I’m down 25% from my first buy in and because I’ve bought in twice since if I just get back to that $42 a share I’ll be making a lot of money.

This stuff is going to grow, and CGC keeps adding different components to generate revenue/profit.

Their extraction deal yesterday was a perfect example that they know what they are doing where others are simply banking on being a “pot stock”.

 

[BlueRaider22]

Well it sounds like they are offering federal expungement for canabis related crimes too, so the next step will be sooner than later.

Not for nothing, but selling now is a bit of a misstep. I’m down 25% from my first buy in and because I’ve bought in twice since if I just get back to that $42 a share I’ll be making a lot of money.

This stuff is going to grow, and CGC keeps adding different components to generate revenue/profit.

Their extraction deal yesterday was a perfect example that they know what they are doing where others are simply banking on being a “pot stock”.

I don't know where I'm at to be honest. I sold CGC and made ~20% profit.......then bought back in when it dropped.......and accumulated a few more shares since then even though it's gone down.

 

[krazykats]

Yea it’s awful what’s going on and it makes no sense every time good news breaks it goes down again.

But they are the only group with cash that if things bounce right they can hit the green light and aren’t positioned poorly to not take advantage.

Also supposed to be in talks for more warehousing which can only be for stock or growth.......and it’s my understanding they have a ton of inventory already.

 

[BlueRaider22]

It’s so volatile right now that I don’t watch it much. (Though it may appear differently given my posts recently). I’m interested in what it’ll be 5 yrs from now.

 

[Formerly Imafan4evr_]

For the weed-stock crew: are you guys mostly sticking with a couple companies you feel best about or are you spreading your holdings across most all of the big names? Have stock in ACB and NBEV at the moment, but considering buying into some of the other heavier hitters like CRON, CGC, etc.

 

[BlueRaider22]

For the weed-stock crew: are you guys mostly sticking with a couple companies you feel best about or are you spreading your holdings across most all of the big names? Have stock in ACB and NBEV at the moment, but considering buying into some of the other heavier hitters like CRON, CGC, etc.

The smart money would be to spread it around. That being said, since my pot portfolio is such a small portion of my overall portfolio I don’t mind putting most of my eggs in just a few baskets. That way if I lose anything it’s just a small fraction of my overall portfolio.

I’m by far the heaviest in CGC. According to just about everyone it’s the best bet.....and it’s not really that close. Kramer has also just backed it.....and Zacks has backed it as well. It’s really the only stock that’s backed by anyone. I’m also in to Aurora and NBEV. I might get some of Cronos (because of the recent merger) but my emphasis over the next yr is going to be accumulating more CGC and Aurora.....as they are the 2 big boys. CGC is already in line to get into the US hemp market in mid to late ‘19......and when the US goes federal legal on full pot, CGC will likely be the biggest and most likely bet. Aurora is being smart in investing in the other pot companies.....often described as the Berkshire/Hath of the pot world. Aurora is primed to enter the emerging US hemp market.....and has always rumored to merger with someone.

 

[jameslee32]

I often wondered which horses I would bet on and just let it ride. The growers/distributors, APHA, ACB, CGC, CRON, TLRY or the investors, STZ, MO or the biotechs, INSY. GWPH, CRBP or the few that help service the businesses, MRMD.

 

[BlueRaider22]

It’s probably best to have a finger in all angles.....I just haven’t yet. And I’m not sure I will. Whatever funds I divert to these other areas means that I’m not contributing as much to the meat and potatoes of my portfolio (index, sector funds, dividends, S&P companies, etc).

I’ll try to monitor the situation though. You’re right, certainly other players will enter. Pharmaceuticals will want in. More and more beverages will want in.

 

[krazykats]

Well if it helps CGC is like betting on all angles. They are maximizing the utilization of marijuana with their deals. Last week they agreed to a deal on the extraction of the oils, and their deal with STZ means they will have CBD drinks, and they obviously will be a pot pushing machine.

They have plenty of cash, and warehousing, and as of right now they even have inventory.

 

[jameslee32]

October I mistakenly bought technology. Sold most of that in November. Friday I got more defensive by adding to JPM and today started a position in JNJ fully expecting to buy more lower.

 

[bluthruandthru]

Switched my 401k to 60% bond fund and 20/20 mid/small cap funds.

Still going to max Roth in the new year but may wait a quarter. Or pay some 3.75% debt off. It's a guaranteed return.

Really licking my wounds as of late. STOCKS!!!

 

[jameslee32]

Switched my 401k to 60% bond fund and 20/20 mid/small cap funds.

Still going to max Roth in the new year but may wait a quarter. Or pay some 3.75% debt off. It's a guaranteed return.

Really licking my wounds as of late. STOCKS!!!

Wow! Hopefully not as drastic as it seems. I'm not close to paying off my 3.44% mortgage just yet.

 

[bluthruandthru]

Wow! Hopefully not as drastic as it seems. I'm not close to paying off my 3.44% mortgage just yet.

Just thinking out loud. Probably will put a little more to debt but not being invested is short sighted.

Thinking some XAR which is the defense/aerospace spdr. Still love TDOC the online telehealth system. Thinking it will be huge.

 

[jameslee32]

Just thinking out loud. Probably will put a little more to debt but not being invested is short sighted.

Thinking some XAR which is the defense/aerospace spdr. Still love TDOC the online telehealth system. Thinking it will be huge.

IDK. A democratic house is probably not too interested in defense spending. Healthcare seems reasonable and defensive to me though.

 

[Formerly Imafan4evr_]

Wound up selling off NBEV after it hit a 10% gain since purchase last Thursday - a guaranteed 10% in half a week was worth letting them go for now, IMO. Just getting started in the weedstock game (active investing in general really) and still trying to decide whether to keep on buying into them little by little in hopes of a strong 2019 vs leaning toward the old tried-and-trues for the safer long-term bet. This is mostly just a new hobby, learning technical analysis and such, so any opportunity to clear 10%ish in short order (as in, under a week), I'm taking and finding new stocks to reinvest while continuing to attempt learning the joys of MACD/signals, RSI, EMA/SMA, etc.

 

[BlueRaider22]

https://www.fool.com/investing/2018/12/15/hemp-is-on-the-brink-of-us-legalization-is-canopy.aspx

"If or when -- and it seems safe to say "when" -- the current Farm Bill becomes law, the U.S. hemp market should balloon in size. The market for hemp-derived CBD in this country is projected to rocket from about $591 million in annual sales this year to $22 billion by 2022, according to the Brightfield Group. That's a 37-fold increase in four years."


"Canopy and its alcoholic beverage giant partner, Constellation Brands, are already developing cannabis-infused beverages for the Canadian market, where they're expected to be legal next year. (Constellation invested $3.8 billion in Canopy in August, increasing its ownership stake to 38%.) For the U.S. market, it makes sense that Canopy would initially release a hemp-derived CBD-infused wellness beverage, rather than an alcoholic beverage. Indeed, Linton suggested as much, as he specifically mentioned "sports drinks."


"In short, Canopy Growth appears well positioned to be a leader in the hemp-derived CBD product space in the U.S. It certainly has a huge cash advantage relative to its peers, thanks to the Constellation investment."

 

[lz]

Pot stocks getting a bounce minus CRON. Selling opportunity soon? I'd trade the stocks only at this point. Luckily there is no hint of inflation.

Unless the various headlines go away, speculation will struggle. I think the rally in PG and KO etc. speaks volumes.

Hemp processing plants popping up in west Ky (Mayfield has plans) and west Tn...dumb question, but wonder if crops of MJ would be most effective than crops of hemp for medicinal purposes?

 

[krazykats]

Hemp still has its uses.

 

[Monroe Claxton]

Sell

 

[lz]

Sell

Everything...:grimace:? Specifics?

 

[krazykats]

Yea your going to have to be more specific here because there is no chance TLRY went up $6 a share at one point today and I’m selling all of it CGC.

 

[jameslee32]

Hemp processing plants popping up in west Ky (Mayfield has plans) and west Tn...dumb question, but wonder if crops of MJ would be most effective than crops of hemp for medicinal purposes?

For pain? Yes if THC content is the active ingredient.

 

[jameslee32]

Yea your going to have to be more specific here because there is no chance TLRY went up $6 a share at one point today and I’m selling all of it CGC.

Fwiw, I would not buy or sell all at once. But TLRY had a HUGE day today. The parent company, Novartis, is a huge pharma player. Perhaps the biggest in the pot space to date.

 

[krazykats]

Yes but that’s why the my had the day they did is because the my just announced a partnership.

It’s great news for the market, but even Tilray isn’t positioned like CGC.

 

[jameslee32]

Yes but that’s why the my had the day they did is because the my just announced a partnership.

It’s great news for the market, but even Tilray isn’t positioned like CGC.

No doubt. The medicinal aspect just got more interesting.

 

[BlueRaider22]

Tlry has to come down a lot for me. CGC is more appropriately priced for the size of company it is.....and its waaaaay bigger with more potential than tlry. Tlry is sitting with double the price. I’m probably going to stay away unless it dips below $40-50......then it’ll become more of a watch/see.

 

[Formerly Imafan4evr_]

Anyone dabble in the oil-based 3x ETFs, DWT (inverse) and UWT? Been watching them the past few days and love the idea of 3x ETFs. Feast or famine for sure, but seems to be a decent way to make out okay in a sliding market. Bought into DWT early yesterday and it rose ~20% due to the continued slide in oil prices (and some luck). That said, oil surely has to rebound at some point soon. I can't see it sliding much lower than $42 or so at very most? With that in mind, buying into UWT soon could yield huge payoffs in short order. It went from ~$50 to ~$10 just since October - now imagine riding that rocket ship back up from the ground.

On a similar note, also interested in the natural gas ETFs, DGAZ and UGAZ, although I've read a scary amount of anecdotes already about people losing their ends mistiming those, so somewhat spooked.

 

[BlueRaider22]

Anyone dabble in the oil-based 3x ETFs, DWT (inverse) and UWT? Been watching them the past few days and love the idea of 3x ETFs. Feast or famine for sure, but seems to be a decent way to make out okay in a sliding market. Bought into DWT early yesterday and it rose ~20% due to the continued slide in oil prices (and some luck). That said, oil surely has to rebound at some point soon. I can't see it sliding much lower than $42 or so at very most? With that in mind, buying into UWT soon could yield huge payoffs in short order. It went from ~$50 to ~$10 just since October - now imagine riding that rocket ship back up from the ground.

On a similar note, also interested in the natural gas ETFs, DGAZ and UGAZ, although I've read a scary amount of anecdotes already about people losing their ends mistiming those, so somewhat spooked.

I know about 6 months ago Kramer was saying to buy BP......and sit on it.

 

[BlueRaider22]

What's the deal with GE? What happened to them? A once mighty company with fingers in many pies has crumbled. One would think that them being down below $7 or $8 a share would be a good time to buy, but all analysts seem to favor staying away.

 

[jameslee32]

Leverage is a dangerous game.

GE is starting to get analyst upgrades and has looked into spinning off it's healthcare business in an IPO. Still a gamble perhaps but less than 2 weeks ago also it seems.

 

[krazykats]

https://www.google.com/amp/s/www.cn...-grower-canopy-growth-to-enter-us-market.html

 

[krazykats]

We really could see a strong close after that news today. CGC almost up $2 a share after close and should crush tomorrow with a long weekend ahead.

Watched Cramer tonight for the first time in over a month and it sounds like Acreage Holdings is a risky long shot!

 

[AlbanyWildCat]

I've ignored the markets for the last three months...have I missed anything?

 

[AustinTXCat]

I've ignored the markets for the last three months...have I missed anything?

(1990s commercial: : "Markets go up. Markets go down".)

As always, I'm still invested.

 

[AlbanyWildCat]

(1990s commercial: : "Markets go up. Markets go down".)

As always, I'm still invested.

All joking aside, I have ignored the markets and my portfolio since the end of September, but as you have eloquently stated, I's still invested and in for the long haul.

 

[AustinTXCat]

All joking aside, I have ignored the markets and my portfolio since the end of September, but as you have eloquently stated, I's still invested and in for the long haul.

Dude! I've been invested since, actually, before 1991. Old DRiP investor. I run a couple different bets. See my earlier in this thread. We, as in the USA, are still the best bet. These ups and downs always represent great opportunities.

 

[jameslee32]

TLRY using the CGC playbook, finds a beverage company investor in BUD. Not that macro beer companies have much of a choice. The market is as fragmented as it's been since before prohibition and I'm loving it as a beer drinker.
:cheers2:

 

[AustinTXCat]

TLRY using the CGC playbook, finds a beverage company investor in BUD. Not that macro beer companies have much of a choice. The market is as fragmented as it's been since probably before prohibition and I'm loving it as a beer drinker.
:cheers2:

Well, me too. Opportunities are there.