Stonks... $WEED... dayum.

[Xenomorph]

Anybody reading the smoke signals today?

 

[Dawg1979]

i have a large amount in 2 different cannabis companies. since i bought, as of right now, one is up 226% the other is up 169%.

 

[jethreauxdawg]

I had been looking

At weed stocks prior to Reddit, but never lit up

 

[jb1020]

Im not good at Stonks

If I hit a 40-50% increase on anything I bail. Sold Tesla at $350.

 

[jethreauxdawg]

If I hit a 40-50% increase on anything I bail. Sold Tesla at $350.

Don’t be ashamed of that. I bought Tesla at $350 and sold at $420. Was still salty about that when I bought GME, so I decided to not sell when up 30%, I was gonna get a little more...

 

[MSUDAWGFAN]

Don’t be ashamed of that. I bought Tesla at $350 and sold at $420. Was still salty about that when I bought GME, so I decided to not sell when up 30%, I was gonna get a little more...

Like my dad told me once: "Nobody ever went broke taking a profit, but people have gone broke hoping to get just one more dollar."

My philosophy is if it ever doubles, sell half and let the rest ride. If you can't wait that long, sell the shares you have to get your original investment back and let the rest ride. You would still have at least some TSLA.

 

[jethreauxdawg]

Like my dad told me once: "Nobody ever went broke taking a profit, but people have gone broke hoping to get just one more dollar."

Truth

 

[horshack.sixpack]

Based on your post I went to research and this is the first thing I found; underperformance. What am I missing?

https://www.investopedia.com/best-marijuana-etfs-5077586

 

[fishwater99]

Bought a few early last week. SNDL is up 138% now.

Got in on SLV, about to take a small gain and dump those for some more cannabis stocks.

https://www.cnbc.com/2021/02/10/can...amestop-jumps-in-tilray-surges-25percent.html

 

[stateu1]

Like my dad told me once: "Nobody ever went broke taking a profit, but people have gone broke hoping to get just one more dollar."

My philosophy is if it ever doubles, sell half and let the rest ride. If you can't wait that long, sell the shares you have to get your original investment back and let the rest ride. You would still have at least some TSLA.

"Pigs get fat, hogs get slaughtered."

 

[jethreauxdawg]

SNDL was one I did not buy but looked at. Discussed it with a friend yesterday. I think it was up 50% today

 

[horshack.sixpack]

Wow. They average 350MM in daily volume but did 2.4B today. Maybe institutional pickup?

 

[FISHDAWG]

At weed stocks prior to Reddit, but never lit up

The subreddit that did game stock is now advising weed stocks ... #can't be wrong

 

[ronpolk]

If I hit a 40-50% increase on anything I bail. Sold Tesla at $350.

Nobody ever went broke making a profit

 

[horshack.sixpack]

Also, my Fidelity interface warns me that they are "Deficient: Issuer failed to meet NASDAQ continued listing requirements." Never seen that before.


ETA: I'm slow. I now see it's the Gamestop boys (i.e. wallstreetbets) behind this.

 

[hdogg]

I tried to by a mary j etf yesterday and schwab said I had to call a representative. Very weird. I didn't call.

 

[JungRebel]

Interesting, perhaps it's the state you are in? I did a little (no ****) YOLO ETF a bit back just for exposure to the industry. Weed will one day be a big industry, and rightfully so, IF we approach the drug like an evolved, rational society should. There are issues to address that are manageable compared to the alternatives. Who the winners will be in that scenario is the question for the markets right now.

 

[horshack.sixpack]

I'm looking at ETFs. I don't know enough about the industry to make a good decision on individual stocks. Honestly, it is so young (legal weed industry) that I'm no sure anyone really knows a "good" company from a "bad" one, but that may just be my relative naivety on the subject speaking.

 

[Dawg1979]

since i bought HMPQ and SCNA, currently up 328% and 236% respectfully.

 

[Dawg1979]

TLRY took a nose dive today. went to bed, it was at $63, this morning, $43. crazy

 

[GloryDawg]

Is there a bill pending at the State regarding Weed on where it can come from or something along those lines?

 

[horshack.sixpack]

I should also add, I'll not be buying any of it until the Reddit guys move on and we see where the actual price point is without rogue market manipulation (i.e. with just the normal market manipulation by traditional market makers/movers).

 

[fishwater99]

I should also add, I'll not be buying any of it until the Reddit guys move on and we see where the actual price point is without rogue market manipulation (i.e. with just the normal market manipulation by traditional market makers/movers).

I got out of SNDL this morning at 100% profit, had a market stop order set. Might get back in later. A lot of Day trading going on. Crazy.

 

[UpTheMiddlex3Punt]

More like skonks

 

[hdogg]

Not sure if the state matters, but I'm Texas.
I think the Reddit influence is what Schwab was trying to protect me from. I tried to buy HMLSF yesterday , it was up 20% two days in a row, down 20% today.
But I had the same thought about getting into the industry - I think Reddit message boards are going crazy right now, and i do think a pot ETF will pay out big in a few years, but these 20-30% swings in a day certainly don't inspire confidence.