Official Short-term Investments Thread

[buh_buh]

I'm ok with it, as long as MJ stocks don't end up the same way is the dot com stocks did.

[BavarianBeast]

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Market really reminiscent of early 2000's. People with zero financial literacy are popping out of the woodwork bragging about returns on their MJ stocks. Only risk people are concerned about is the risk of missing out.

Shitty dot com stocks used to pop the same way. Buy in the morning check in the afternoon and it would be up 20% on a news article.

What's wrong with that? I know people who made fortunes from investing in tech companies in the late 90's early 2000s and holding them for 15+ years, take the Renerts with Apple for example.

People are investing in a massive emerging market, I don't blame anyone.

[max_boost]

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I'm ok with it, as long as MJ stocks don't end up the same way is the dot com stocks did.

I'm doing my part by buying the products haha

[Manhattan]

Dot com companies sold physical product too and the idea was much more revolutionary. Most of those companies did not survive. MJ companies are basically growing grass. It can be profitable but it will be enormously competitive from day one. Perhaps a few companies will it make out on top but nobody knows who they will be, what kind of pricing power they'll have to pad margins, and the market for their product is overinflated. It's been around forever. People who don't use it won't become regular users just because its legal and sealed in a pretty package. Current valuations are mostly built on thin air.

[Manhattan]

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What's wrong with that? I know people who made fortunes from investing in tech companies in the late 90's early 2000s and holding them for 15+ years, take the Renerts with Apple for example.

People are investing in a massive emerging market, I don't blame anyone.

So you know one person who made out well. You never hear about the people who lost their shirts. I'm not blaming anyone by the way. Just buyer beware.

[max_boost]

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Dot com companies sold physical product too and the idea was much more revolutionary. Most of those companies did not survive. MJ companies are basically growing grass. It can be profitable but it will be enormously competitive from day one. Perhaps a few companies will it make out on top but nobody knows who they will be, what kind of pricing power they'll have to pad margins, and the market for their product is overinflated. It's been around forever. People who don't use it won't become regular users just because its legal and sealed in a pretty package. Current valuations are mostly built on thin air.

Sounds like an opportunity for the Big short if you believe this

[Disoblige]

Tilray is fucking crazy! Pushed up $138+ and still showing strength. Just goes to show what a US listing can help do.

Also ACB halted on pending news right now. Things are so hyped.

My goal is just to take the profits as they come and let anywhere between 25-50% ride with no risk. That way, no real worry about a crash if it does come around.

[spike98]

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Also ACB halted on pending news right now. Things are so hyped.

Not on news. IIROC asked for facts from the statement around Coke. Aurora confirmed no deal. Trading is back on.

[Disoblige]

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Not on news. IIROC asked for facts from the statement around Coke. Aurora confirmed no deal. Trading is back on.

Yeah. That was pretty lackluster once they told us why they halted. This is why you don't hype stuff up until ink is signed like Canopy and Constellation.

[spike98]

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Yeah. That was pretty lackluster once they told us why they halted. This is why you don't hype stuff up until ink is signed like Canopy and Constellation.

I dont know man. I love it. How does the saying go? "Buy on rumor, sell on news"

I got in as soon as i heard the news and made a cool 20% in the past two days. Now i am just waiting for RIV to kick off.

[max_boost]

You guys know anything about Cannabis Sativa CBDS?

My dad decided to buy some (yup that's his logic, oh that stock looks good) lol it has spiked and not sure what to do

[spike98]

Tilray up 40% in premarket! I am experiencing FOMO hard but i see i big correction after this run up.

Trying to pick up some Australis this morning.

[SilverRex]

ACB

3 weeks ago when ACB first completed 5 waves up I mention the correction back to the 7s, it had a text book style correction notching 1 penny just under the previous wave 4 low of 7.66 at 7.65, then proceeded to a break out which we are now in the heart of a powerful wave 3 rally which was expected. with this breakout. (if it is truly wave 3) it should not revisit 9.4 again. if it did, something will not be right technically speaking. so if you are in ACB you can place your stop under this and just let it run.

my personal feeling remains the same, the hype continues in this sector and the sell on news is when legalization completes in Oct then a major correction will take place.

[SilverRex]

ACB big picture

the expectation is that once ACB notches a new ATH and complete this series of 5 major waves, then we can anticipate a major topping with price to come back down into the 5s. For now the basic guide is a solid 5 waves, of course nothing stops it from being extended as typical bubble tops in the final phase can double within months, so scaling out slowly is the way to go.

[suntan]

Good lord TLRY up 50% today.

[BavarianBeast]

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Sept 14 $109 puts on Tilray, anyone?

Hope nobody took this seriously haha

[max_boost]

TLRY on tilt

[suntan]

And I was all set to buy CAD$17K worth back when it was around $24. Lost my nerve.

[max_boost]

Don't blame ya lol this stuff prevents me from sleeping haha

Even HMMJ gives me the jitters and I don't even buy more than 1000 shares at a time

[tcon]

Canopy Rivers (RIV) public/RTO tomorrow. Going balls deep in that shit