• Cri3
    29
    I have 10 shares in aurora cannabis company they have a very strong foot hold on the canadian market and are looking to expand into europe i also hold shares in the s and p 500 at least half my portfolio is in the s&p 500 to get growth over time don't forget to have a diverse portfolio cannabis stocks are volatile pick one or 2 companies you did your research on and trust in the cannabis industry and move on to another industry to other companies you trust but know what kind of portfolio you want for me im a very conservative spender so i mostly focus on earning dividends and occasionally picking 2 maybe 3 volatile risk stocks if i think they will go up
  • Cri3
    29
    If you want to learn to evaluate stocks their is this YouTube channel i watch called the monk way he teaches how to use math to find and compare companies over all worth not just stock price but how to evaluate their price to earnings ratio and how to find it things of that nature it helped me pick out a few good cannabis stocks
  • EconMan
    3.5k
    Entire Ph.D. dissertations in economics can and have been done on this very subject -- the efficient market hypothesis. It is my judgement over decades of study and experience, that stock prices are a random walk "with drift' at best, and therefore "stock timing" is voodoo psychology. Yes, some folks do "beat" the market experientially but in no more propensity than would be expected from monte carlo simulations of a population of 100 million investors. Some must be "lucky" and others must be "unlucky". Most are under the middle of the probability distribution and experience average'ish results.

    Regardless, the "Income Approach" is NOT what is driving MF securities any more than it drove the dot-bombs tech companies in the late 90's.

    Lastly, it is also my judgement that MJ stocks are not merely volatile stocks, they are becoming a dangerous psychology for too many people. Just met a old man who bet the farm on MJ, and I hope he listens to me, because it is all he had in saving. I wish they still taught "tulipmania" in history and economics classes in high school....

    Right now, there is so much more than can go wrong that can go right.

    I so see TULIPMANIA in this industry in spades.
  • To the Cloud
    587
    Greenlane consolidating vapornation and vapeworld into vapor.com , this is one to get in on. Feel bad for the hopefulls who stayed in Namaste, but anyone who can read a balance sheet wouldn't have put a dollar in Namaste.

    https://seekingalpha.com/article/4253807-ipo-update-greenlane-holdings-readies-80-million-ipo-effort
  • EconMan
    3.5k


    Interesting. Will peek into this rabbit hole a little deeper
  • To the Cloud
    587
    https://www.gurufocus.com/news/863611/greenlane-holdings-inc-gnln-ceo-aaron-locascio-sold-102-million-of-shares

    Think the overall stock market is going to pull back a bit here, but the IPO space is way too crowded nonetheless. Sold Greenlane short at $17.50 . Going to hold that short and see.

    Still would be long Greenlane, but need to see where it holds a trend.
  • To the Cloud
    587
    Jesus and another round of major insider dumping
    https://finance.yahoo.com/news/greenlane-holdings-inc-gnln-ceo-031502134.html

    Good for him though, I would take the money too after all those hard years of work put in.
  • EconMan
    3.5k
    Jesus and another round of major insider dumpingTo the Cloud

    Damn! essentially a neon sign "the owners here do not believe in me anymore" :mask:
  • Bad Dog
    100
    My precious gains are bubbling away like phlegm on a hot sidewalk! Cannabis stocks have taken a major downward trend. But rather than crying over my losses I've decided to invest more. I still believe in my pot stocks and think they will go back up but my nerves as a investor are a bit frayed at the moment.
  • EconMan
    3.5k


    Nothing like a little religion mixed in to one's portfolio :joke:
  • Bad Dog
    100
    at this point I'd be willing to make some sort of deal with the devil
  • EconMan
    3.5k


    I did the same thing. Got carried away and jumped in the MJ payments business only to conclude it isn't worth the risk.... Got three MJ clients still. I spend more time, energy, and money keeping them up and running, than the money I earn is worth. CBD is no exception. I work three times as long and hard on a CBD/MJ account and make half the income..... better less risky avenues with higher probability of a good return. Couldn't make any real money at it. I make more off of a successful headshop. So we stopped doing weed entirely, except for current customers.

    The poor dumb bastards who invested en mass into CBD really got raped. The revenue is there but the profits are not. I am unaware of even one CBD retail company that is profitable (and I've looked at probably 200 applications this month).

    The profits are going to come from "Big Pharma" once they truly become institutionaly involved. As I've said before, with the exception of micro-growers, the future of marijuana is concentrates. And "concentrate economics" is all about three words -- economies of scale.
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