Weed stocks? Yeah, weed stocks!

[BavarianBeast]

Am I really the only one in here that thought this was going to happen?

[R-Audi]

My gameplan was to wait until first quarter results... just didnt think it would dip as much as it has.

[Disoblige]

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Am I really the only one in here that thought this was going to happen?

No. The most logical answer was a huge sell off either the day before legalization or legalization. Most people sold off the day before (Tuesday) and it just so happened to be all-time highs for a lot of stocks. It's a classic sell the news event.

The problem was that a lot people chose to ignore this (greed, etc.).

[roopi]

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Am I really the only one in here that thought this was going to happen?

Definately not but also you could have shorted/bought puts on any of the markets and made a good chunk of money over the past 5 days.

[vengie]

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I think valuations will need to reflect actual earnings per share from this point onwards. I'd guess multiples will still treat them like high growth sectors, not like oil and insurance.....

Bingo.

Companies like ACB have carried insane debt loads and by all metrics are TERRIBLE investments due to their balance sheet.
However hype of the Marijuana boom is what has carried their stock price to where it was.

I can see ACB correcting back to ~ $6 range, potentially lower until they start to show some serious quarterly earnings and start reducing their debt load.

[BavarianBeast]

Looked like everyone in the thread was accumulating shares or sitting on the sidelines speculating. If your confident in a sell off, why not buy puts?

The rest of the market wasn't as easy to predict. Just glad my pot stock puts are countering the rest of the blood in the streets.

[Disoblige]

Crazy bounces wow. Bulls definitely trying.

[max_boost]

My 17.77 didn't fill lol low of 18.01 today for hmmj haha

[Disoblige]

Last time this kind of action happened, APH leaked talked w/ Altria the next day. There is a bunch of insider trading going on with these, so sometimes it may give some hints. Might throw a small position in as a gamble. APH only though before end of today. I'd want something under $16 though if possible.

[max_boost]

What a turn around!

[Disoblige]

Closed under $16, so I have a full position in APH $15.89. It's a slight gamble I will admit, but I saw strength today.

[J-hop]

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What a turn around!

lol yea I’m down a bit but didn’t check any of my stocks until the end of the day. Not too worried

[max_boost]

Yea. It's a long game but we should talk about it everyday no matter what. lol

[ExtraSlow]

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Yea. It's a long game but we should talk about it everyday no matter what. lol

You guys need to sit back and relax like Sugarphreak.

[Disoblige]

Selling on gap up open and buying a bit on the dip. Hope you all are ready

[A790]

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You guys need to sit back and relax like Sugarphreak.

Hahaha

Poor guy must be having a heart attack after the "correction" the NA indexes have seen this month.

[max_boost]

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Hahaha

Poor guy must be having a heart attack after the "correction" the NA indexes have seen this month.

hehe

[max_boost]

Damn son. 17.77 HMMJ filled haha next stop 16.66 lol

[kenny]

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Damn son. 17.77 HMMJ filled haha next stop 16.66 lol

No problem, $28.88 by 4/20/2019.

[max_boost]

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No problem, $28.88 by 4/20/2019.

You got it man.