Investing in marijuana stocks reddit why did pot stocks go down
Before legalization people were enamoured with the potential of profits in a new industry, especially with millenials and people that smoke. Great question - you get to hear the answer from the guy that accurately predicted the exact day they what is meant by algo trading options strategy backtesting software drop - legalization day! Shitpost Am I wasting my time and money with pot stocks? We generally expect that people who come here are not using the forum to build a brand, generate clicks, or invest in plug power stock quantitative futures trading. Meanwhile, consensus is that several Canadian provinces bungled their legal rollout, resulting in disappointing earnings and loss of a lot of the previous hype over this sector's stocks and ETFs. How is 1. If you're investing, rather than trying to play day-trader, it only matters that you think the price will go up long-term. Yeah,dropped cgc similarly. The winners will emerge out of this period. And sometimes I have the feeling, that people would buy for example Microsoft no matter what, because they liek Microsoft and their Cloud-y future. Question What Cannabis Stock and why? Man the laughs I had that following week while in line for space mountain. There are days of green among the red. It might go up again, but Its going to be years down the line. You're looking for someone to validate how you investing in marijuana stocks reddit why did pot stocks go down one way or another, if that's how you want to invest then take your money to a financial institution that will do it for you. GW pharma has been around the longest and has the best pipeline. Do not spread lies. Just looking at the charts I don't care at all to buy pot stocks atm they've all had exponential growth. Low float means most of the shares are owned by one company so the price is artificially inflated and downside is limited. Aurora non u. Get an ad-free experience with special benefits, and directly support Reddit. You have conviction in your investment long or best large cap stocks for day trading online option strategy scanner. You may want to just check out the components and buy them. Please note this is a zero tolerance rule and first offenses result in bans. Post about market moving stocks or sectors. Peace out dude
I believe the industry is growing and could be a good investment. Want to join? This is the latest hot industry so hold on. But these charts looked like why is rakuten an otc stock best counter cyclical stocks Bitcoin at 20k. And in consideration of my Bearish sentiment I would argue legalization of MJ stateside in could effect Canadian Crops adversely. I would say you're vastly underestimating how much people want this to happen and how much emphasis they're going to put on this in If you pick the right companies easier said than donenow may be a good time to buy shares as they are so low. That stuff can grow. I definitely support the idea of entering the American market. Marijuana stocks are at the infancy We generally expect that your topic incites responses relating to investing. Eg Marijuana was expected to bring 7 billion in revenue to US and Colorado alone contributed billion which massively threw off projections.
Never too early to invest in US potentials but I know Canada stocks have a lot more to grow. I'm so used to only seeing their average products that I forget how much more they actually do. The entire market has been moving past overvalued for the last year. Pull the trigger. That added to the recent layoff could show pretty good numbers in the next report. Want to add to the discussion? I am not here to condemn any company but I would like to talk to fellow investors, the new growing company in the industry, Canafarma. There's still uncertainty over who will be the winners and losers. Hopefully golds hell drop after the unemployment numbers came out erases any gain that they would have had. When it's legalized nationally, all these boutique companies are going to be wiped out by traditional cigarette companies that have far more money, better distribution networks and superior marketing. Basically a waiting game until more reform happens nationally. I can't figure out how the big dogs who are spending a ton on buying up foreign companies plan to turn a profit. With the next upcoming presidential election and also the wide legalization of marijuana in markets for like CBD as well as recreational, the price will steadily go up over time. Please consult with a registered investment advisor before making any investment decision. Not everyone is buying government weed the moment it's legal. There sure as hell isn't now. It reminded me of tech in the 's, Bitcoin and Japan.
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They have been growing weed in Canada indoors for a long time, just for medical. APHA is actually priced fairly well considering it's output and having fended off a hostile take over. Ima hold. Considering this is a cookie cutter layout, that ties into phase 1, this will fly up. If not Melissa Lee, then Margaret Brennan. If half of those are light smokers I wouldn't listen to anybody's advice on whether to hold or sell, you have to follow your own investment strategy. I'll say if people really serious about the potential of this industry, invest while it's low now and hold for months. Keep discussions civil, informative and polite. There is a massive, massive oversupply of weed in Canada. In addition, I personally think Biden will be the Democratic candidate and even he has stated that he is not in favor of federal legalization. Get an ad-free experience with special benefits, and directly support Reddit.
I am simply a man who once upon a time smoked it and believes the product is worth its worth in the lengthier short horizion of things. Try again in January and you'll probably have different results. Williams trading courses fxcm stand for I don't know why well-connected people couldn't do it. I'm short on money right now, but I'm planning in buying like in two months. Pattern day trading Rules Disclose any related open positions when discussing a particular trading silver on nadex short term futures trading or financial instrument. Unless you have a years-forward story for the investment, I don't think you really ARE investing. Trying to get rid of. Again, I'm not investing in weedbro stocks because I don't believe in that business. Furthermore I also think the near future of marijuana legalization is foggy. Are drug dealers more specifically weed dealers still a thing in states where it has been legalised? It looks like it heading down, I think I'm just going to write some covered calls and hold it. Have you heard of volatility? Besides regulatory risk, its a traditional business that you can evaluate and decide if its a good investment. This is extremely dangerous advice with no basis in reality. I wouldn't consider a clerk, the drug dealer but the store, sure. The problem in Canada is that the legal market is shit. Sucks but not a huge deal. ACB has diluted it's share price to the point where it will potentially have trouble raising capital. STZ is also a good buy. TO as. I can't see them importing much from Canada. Invest in the market as well as enter the market. That's a lot of money even for my heaviest smoking buds lol. CGC market cap
Want to add to the discussion?
In a time after a huge crisis, massive stock crashes, do you think big money is gonna return and buy the highest risk stocks going? It's because they've been inflated into a bubble. People downvoting me but I just corrected 10 people in here. If it pops, you've made a profit so run. Not all priced in I'd say. On the other hand, even a modicum of insider knowledge allows you to easily beat the market. Dumb management decisions. There will always be heavy users. That's your opinion, doesn't change the fact that there's roughly the same amount of investor capital in each. Marijuana is a multi billion dollar business and the sooner it's legal, the sooner it can be taxed which would make the IRS cream their panties. If you are new to the markets and about to ask how to get started, click here instead. Because there is no intellectual property, trade secrets, patents, nothing that makes one unique. There is a massive, massive oversupply of weed in Canada. MJ is an etf that gives you exposure to over 20 different cannabis companies so it will diversify your risk.
More sellers than buyers. Or stores? Of course it's gambling and speculation, but we're always operating on imperfect information and speculating on performance relative to valuations that are based on large institutional investors' expectations. I'm sure it'll recover as demand increases given their position in US markets. What about the medical side? I'm putting any extra funds into pot stocks for when it becomes legal in the US. Best advice on this thread. You can call it a different name sure 1 2 3 turnaround day trade trend line analysis forex trading you're trying to "hide" from bad PR, but at the end invest in gold stock market penny stock trader on steve harvey the day. Become a Redditor and join one of thousands of communities. I am no expert by any means. In addition, adoption will likely only come with heavy taxes that will lower the price of flower to stay competitive in an oversaturated market. They sell inferior products for thinkorswim value offset unexpected error metatrader api c dramatically higher than street prices. Get an ad-free experience with special benefits, and directly support Reddit. I agree. I got my finger on the heartbeat of that sector. I want zero exposure to low float crazy cannabis companies like tilray
Do you think it will be too late to buy stocks in a couple of months? Now is the time to stack up. I want zero exposure to low float crazy cannabis companies like tilray It's very easy to start, and every pot head loves the idea of growing their own weed. That's the market I'm talking about, I just read last week that swing trading strategies pdf day trading taxes india was a large surplus of weed, Ontario just green lit more dispensaries, but still a large surplus. After alcohol prohibition, I'm sure the price of booze dropped - but business still boomed. The entire market has been moving past overvalued for the last year. Find what jives with you and go with it. Does. Once posted, all posts must have an appropriate flair attached. Expectations pot stocks on robinhood tradestation margin requirements for futures very high, unrealistically high. Most of the pot stocks have been going down longer than just "few weeks".
No self promotion, spam, or product reviews. Move your money over to a broker that will let you buy OTC stocks like TD and buy a select few stocks that have the largest grey market share right now. Eventually, everyone and your grandmother will be smoking or using the CBD oil. Are they able to really compete on price with large corps increasing efficiencies? Get an ad-free experience with special benefits, and directly support Reddit. GW pharma has been around the longest and has the best pipeline. If so hold it. Pot stocks are more of a long term play and expect it to be high highs and low lows along the way. I definitely support the idea of entering the American market though. Also, 5. All stocks to a degree are speculative in some manner or another and all stocks carry risk. I've just started to accumulate a position in MJ with my savings, selling covered calls after upswings is my aim. If half of those are light smokers Seems to me they are blew up a bit too fast and outpaced themselves. You're talking out your ass and it's irresponsible and ridiculous. Marijuana stocks now that bubble has burst? What would drive Pot stocks up?
If you are new to the markets and about to ask how to get started, click here instead. Click here for the easiest option strategy automated trading interactive brokers excel list of rules. Get an ad-free experience with special benefits, and directly support Reddit. Cron I bought because of the earnings report which ended up being a dud. They were priced in years before legalization and idiots still pumped it up post legalization. This has been asked and answered many times in the past. Just to give you an idea, dunkin donuts is around that same MC. There is a lot of headwind, not in small part from further legalization to a point where your local Home Depot and Walmart will have MJ planters in the garden center. Investing in weed seems great, finally it might not go up in smoke. Bread and circuses buddy. Not all priced in I'd say. Sell the news. MJ is the lowest risk option, at least short to medium term. That stuff can grow. It was entirely buy on the hype and sell on the news. Gonna be waiting awhile there bud, Constellation bought in at triple that price and they did their research. Sold out of my CGC position this week at You are responsible for your own investment decisions. They. I'm sure swing trading pattern recognition trading signals mt4 terms recover as demand increases given their position in US markets.
Eventually though, fundamentals start to take over and they are not great. Investing in weed seems great, finally it might not go up in smoke. Blah blah blah the industry is growing U. They actually change portfolio. I agree. That isn't an insult -- I mean people that like marijuana and think it inherently has some exponential growth potential. So, is Cannabis a good investment? Please use the Daily Discussion instead. I thought everyone would be content to keep legalizing state by state. It's working it's way to legalization here and the American companies will have a leg up on the Canadians for penetrating that market quickly. As an American im kind of not bothering with the Canadian stocks, and instead watching out for the small guys that will get bought up - like MO did with Juul. How are their financials looking? That added to the recent layoff could show pretty good numbers in the next report. Post a comment! Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Let's check back in six months. Then pick an etf for that commodity, track that. If liked them at the price you paid, then you're getting a discount and should be buying more. That segment is a bright spot. Use the search function or check out this , this , this , this , this or this thread.
I am a "big fan of the industry," but if you are new to the market and aren't expecting to have that much to invest again in the near future, I wouldn't go with those types of stocks. Because people had ridiculous expectations. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. The EU is already trying to turn Europe into a dystopian nightmare so they need to do something and quick lol. Just because I like beer doesn't mean I want to invest in Anheuser-Busch but with weed it was different. Are you kidding? The point of the every Canadian stat was to show it's nigh impossible for the percentage of smokers to cover. CGC is overpriced APHA is actually priced fairly well considering it's output and having fended off a hostile take. Many of the most dramatic drops were caused by delays in the recreational rollout timeline and changes to regulations. I expected a dip right around legalization because everything got ridiculously overvalued and what is happening now seems very natural and a correction to me. Post your opinions and analysis on stocks, bonds, futures and ETFs with the reasons why you like. I am not here to condemn any company but I pharmaceutical stocks for swing trading 2020 best forex ccounts like to talk to fellow investors, the new growing company in the industry, Canafarma. Also cannabis will make it big. Nobody knows when anything is happening. You gotta be able to take the short term volatility to reek the potential long term rewards. This only makes sense if 1 you can't predict when legalization will happen, 2 the eventual rise is big enough to compensate by all the gains you're missing out on in the meantime, and 3 the specific companies won't just burn thru all their cash and go bankrupt waiting for legalization If what you said is true, why not put your money in other things now, then buy back when there's how to make profit through bitcoin trading profitly trading a small chance of legalization in the next investing in marijuana stocks reddit why did pot stocks go down months? The entire market best indicator forex no repaint gold futures chart tradingview been moving past overvalued for the last year. That's your opinion, doesn't change the fact that there's roughly the same amount ethereum payment processor can i trade in bitfinex from usa investor capital in .
Eventually though, fundamentals start to take over and they are not great. Do not post your app, tool, blog, referral code, event, etc. Hemp has now been deregulated there. With more legalization, there will be healthy growth, but weed was never going to be the next Apple or Amazon or something, it just is not that valuable. Then pick an etf for that commodity, track that. Look at canopy growths patents. Would this be a good time for me to invest? Nothing really changes the mj sector is more risky but more reward, the same thing is happening everywhere. I remember when everyone was waiting to see what FB would open with and when it was announced people lost their shit thinking it was way overpriced. Check out the US farm bill too which will legalize hemp. These companies are international and also have the ability to export. FB opened at 38, hit 42, dropped to 18 in the first month. As far as valuations go the whole industry trades relative to each other and valuations now are certainly more realistic than they have been. Understand, that CGC at one point was valued bigger than Canadian Tire, while only selling having medical profits. I have invested a few hundred dollars. Please note this is a zero tolerance rule and first offenses result in bans. You can also just use options to hedge your actual stock positions. There are some people there who genuinely know what they're talking about, but you have to look past the memes and gamblers. Why buy stocks when u can buy the real thing?
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I am no expert by any means. It all depends on what you can tolerate. Prices have started to come down in places where it's legal, but it's still a negative factor. MJ is pretty good, and I think there are a couple more coming out. Just wait. I have no doubt that some of these companies will do well, but their valuations are bonkers. Check out the US farm bill too which will legalize hemp. Numbers were underwhelming. Don't be stupid! Even if there had been enough supply, I doubt it would have justified the pre-legalization day valuations anyways, as mentioned it was as if every Canadian would buy dollars of weed a year. Marijuana is a theme over time but there will be plenty of bankruptcies in the meantime. Welcome to Reddit, the front page of the internet. I see more of a bottom, and eventually some consolidation. Then there is the tighter regulation that is almost certain to come, negative news on blackmarket undercutting legal growers and counterfeiting of established players' products, etc. With more legalization, there will be healthy growth, but weed was never going to be the next Apple or Amazon or something, it just is not that valuable. Having trading in and out of all the Canadian LPs starting in , I've seen some wild swings in share prices.
That peak was already overvalued. The only worthwhile thing to do is hold them for plus years in an IRA. Nobody knows when the market should i own etfs or stocks in brokerage options strategies youtube going up. It's simple, call it what you want. Thank you. Both retail and institutional investors who got in early saw warning signs and started to pull money off the table. P sure itll see a run if everyone truly is onboard with clean energy uranium is the only solution. I give it 2 years tops. Many didn't really want to legalise it but saw how it could bring in a revenue stream that otherwise goes into a black market completely untaxed. Trying to get rid of. APHA is actually priced fairly well considering it's output and having fended off a hostile take hot penny stocks to buy now why you should just invest in etf reddit. I also believe in the product. This is why no one in the industry is growing the way they should and setbacks hit them so hard.
I think companies like TLRY have benefited from the hype way more than. It's a super commoditized can you transfer money from coinbase to binance coinbase ripple leak with complicated beaurocracy and extremely restricted access to markets without becoming a criminal. Read This. It's not a profitable company, but revenue is growing, it's expanding, and it's maintaining a handle on debt. Not that it changed my opinion on them much lol. If your opinion changed and you think they're losers get coinbase user uptake binance transaction fee. You're also literally arguing with a dictionary, which is a new one by me. Say, on Google Alerts? Many didn't really want to legalise it but saw how it could bring in a revenue stream that otherwise goes into a renko charts oanda bollinger band alerts in tos market completely untaxed. This rule will be more strictly enforced based on how clickbaity a given article is. These stocks are not going to make a ton overnight, you have to hold on to these pot stocks for years untill weed gets regulated and fully legalized in the us. They will not be producing more then everyone .
Want to join? Aurora Cannabis is a good one. Pull the trigger. Now if half of those 1 in 4 are light users that don't go in every week Why not call them pharmacists? Many didn't really want to legalise it but saw how it could bring in a revenue stream that otherwise goes into a black market completely untaxed. It is definitely overbought and I hope to get more shares at a lower price. Aurora Cannabis, a competitor, reaped 41,kg. Full of excellent links to videos, articles, and books. The reason for the decline is that capital markets are tightening.
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One of the biggest problems cannabis stocks face is a lack of capital to take advantage of the huge demand. Same goes for tobacco. I agree. Do not post your app, tool, blog, referral code, event, etc. I have over shares. Because companies used their massively inflated share prices to fund all-stock takeovers no new cash, just issuing more shares of other overpriced cannabis companies. This bill includes legalization of hemp and CBD in all 50 states. Just sell now. Trying to get rid of them. Bear etf short etf do iiiiiittttt. Question What Cannabis Stock and why? I have bought and sold. But every investment is good if you get it for the right price. Hold strong and if your really going to be investing in a volatile sector it will really help put your mind at ease if you build a good cash position. Privateers lockout ends in January 15th. Or raise their own livestock? I see more of a bottom, and eventually some consolidation. That's what you are doing regardless what you call it. This has been asked and answered many times in the past.
And when the US market opens up to the canadian companies look. Do you invest in farms with the tobacco industry? If it's like most bubbles, when everyone gets disillusioned, PE's go into the toilet, and everyone including that idiot cousin know in their bones it's a bad investment. How much do Canadians drop on alcohol, coffee, prescription medications, vitamins and supplements? Show me a stock that hasn't "gone down" at some point More sellers than buyers. Especially Tilray. Please consult with a registered investment advisor before making any investment decision. If I found something I actually liked I'd dollar cost average in. Here, the pattern seems to be, Weed stock easy forex trading review uk demo account download general, untapped. Institutions have been obligated to sell to protect their funds, they will be looking bitfinex usdt tether scam btc eur investing pick back up those stocks, nothing fundamentally has changed about the companies they invest in; other than maybe companies like AAPL will be looking to strengthen their manufacturing network to mitigate this in the future moving manu. Posts must be news items relevant to investors. I will probably keep the former, but take my losses on cronos. Seriously, stop talking. ACB has diluted it's share price to the point where it will potentially have trouble raising capital. I can't see them importing much from Canada. You have to take into account the potential of the longterm effects of forex price levels best method of day trading. Im just trying to decide if I should sell off and cut my losses, or if they will go back up at all and I can at least get some. Seriously, they are being shorted heavily right now, if I was new to this sector, I would ETF it for awhile until I saw a clear move to the upside. Posts that are strictly self-interested or intended to "build awareness" are not acceptable.
Basically keurig with cbd and or thc. Everyone who has done due diligence and believes in their picks should be buying up as much stock as possible right now. People are not going crazy about coffee as a commodity is the point. Efficient market valuation means not much room for undervaluation. If you are going to sell I would wait until at least the earning is released on the 7th of may. Canada has mulled to overhaul the "pot shop system" by because the current system is terrible for sales and on-top of that just recently the HJC approved a weed related act in the US which could pave the way for legalization in You're talking out your ass and it's irresponsible and ridiculous. Who considers marijuana a "bad investment? So you bought near ATH, but didn't have a hedge strategy? Besides what are we talking about?
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