Weed stocks? Yeah, weed stocks!

OK boyz I can't believe we don't have our own thread for this yet. Used to see em discussed in the short/long stickies but I think the hype train slowed down a bit and all the talk dried up lol. Who's holding? What are ya buying? Selling? Anyone buy a yacht yet?

I made my gains on WEED and ACB, not holding either of them anymore, now I have most of my holdings in APH, RTI, and N. Rest in OGI, THCX, MPX, and a few other smaller caps. Strategy right now is to just hold for the year and see what happens, most likely reinvest into ACB once their dilution is fully priced in (if it ever happens) in 2019.

My bet is we see a crash in weed stocks Q4 when people realize that legalization has been bungled and it’s going to be way harder to make money and the market is way smaller than people think it is.

My plan is to pick up an industry short position shortly after legalization when the hype train is in full force.

Conservatives seems to be able to cock block it so they can make it a 2019 election issue.

Been Day Trading Weed stocks for a year and half now, and a bit of energy stocks, been up +30k from my starting 5k account, but profits have slowed down since February and losses have increased as well, so been focusing on mining and energy sector till it really picks up. Still have all MJ stocks on watchlists though, for dip buying opportunities

I got out completely pretty close to the peak and about a month ago got back into APH when it was right around $10.00. I think it will move up from here as the hype grows again, but finding the exit point will be tricky.

I started buying pre Trudeau (as he was campaigning to legalize it) with the original plan to hold long until recreation sales have established. I think there is no accurate way to predict size of market with the black market and stigma attached to smoking weed.
I think the market will be bigger than expected once legalized and then continue to grow.

Made some small money $10k ish on it but that's about it. I know of some guys who got in to ACB when it was 60cents ish and something like 9000 shares. It's incredible the vision/patience of some ppl and they still holding.

Myself I just have ACB and HMMJ right now. Plan to hold for awhile.

holding LHSIF... turned into a lot longer hold then anticipated..

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Originally Posted by Xtrema

Conservatives seems to be able to cock block it so they can make it a 2019 election issue.

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Hearing some of the conservative dinosaurs in the senate spewing all the reefer madness nonsense is infuriating. It also seems like they're under the belief that no one smokes weed right now and it will be chaos once it's legal. lol.

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Originally Posted by max_boost

Made some small money $10k ish on it but that's about it. Plan to hold for awhile.

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ive made similar amounts with Supreme Cannabis or "FIRE" on TSX

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Originally Posted by max_boost

Made some small money $10k ish on it but that's about it. I know of some guys who got in to ACB when it was 60cents ish and something like 9000 shares. It's incredible the vision/patience of some ppl and they still holding.

Myself I just have ACB and HMMJ right now. Plan to hold for awhile.

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I know a couple guys who went all in on ACB a couple years ago, both are now in the 7 figure club.

Pretty wild.

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Originally Posted by vengie

I know a couple guys who went all in on ACB a couple years ago, both are now in the 7 figure club.

Pretty wild.

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Funny they've made money like that and ACB's revenues are only just into the 8 figure club :rofl:

I'm with killramos - There are probably still some opportunities to actively trade some cannabis stocks, but it seems like most of the fun is over... Time to start plotting the short strategy.

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Originally Posted by vengie

I know a couple guys who went all in on ACB a couple years ago, both are now in the 7 figure club.

Pretty wild.

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An old friend and I went for lunch when he was catching me up to speed on a bunch of old co workers who became millionaires from acb.

One of the earliest investors was an owner of a dealership near edmonton. When he invested early on he was letting everyone know to invest. Many of his employees became millionaires. They were buying in at 50 cents at the time.

I've met quite a few of the guys who work for acb. Late 20s early 30s.. million dollar homes. All living it up..

Awesome to hear about so many success stories.. especially those who bought in so early.

That's amazing. I am truly happy for ppl who take risks and having it pay off. :clap: :clap:

This world needs more cheer leaders and less haters. haha

can't be anything but happy for those who've done well by taking some risks. An old co worker took out a $70k line of credit and went all in on acb.

He's sitting in bc doing sweet fuck all right now.

Lots of regular folk have made massive money early on. Good for them.

Question is when the United States legalizes things will there be the same opportunities.

Hopefully the bill will be passed this week.

On to Royal Assent!

Any point in still buying any of the weed stocks? If so, which ones? Buy and hold until when?

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Originally Posted by shakalaka

Any point in still buying any of the weed stocks? If so, which ones? Buy and hold until when?

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Aphria and Aurora

Holding both SEED and HMJR. Let's see some growth...