Psychedelic investing and trading

[ThePenIsMightier]

Two different stocks go as PLNT and I'm thinking you guys were talking about Progressive Planet (PLAN) because they're dabbling in glacial rock dust for the MJ sector even though their main focus is cement/ash displacement in concrete...
Meanwhile, people are confusing NOK in Japan with Nokia. Maybe it's time for stock symbols to evolve now that the stock exchanges aren't relying on a 486DX computer?

Irritating!
Please carry on.

[ExtraSlow]

Yeah, when I say PLNT in this thread I mean Better Plant Sciences inc, traded on the CSE


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Not Planet Fitness Inc, traded on the NYSE.

[ExtraSlow]

well, rode PLNT down from 0.16 to 0.10 while "trying to sell" with limit orders. Smarter people than me would have just sold with market orders and made more money. Oh well, I'm up on PLNT since I got in at 0.07.
Putting proceeds into MYCO. Like that one, think it's worth holding not just trading. I don't have the attention bandwidth for trading really.

[BavarianBeast]

Yeah, MYCO trades well in the midst of the madness.

[ExtraSlow]

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I couldn’t figure that out with them either. I was thinking the neon subsidiary isn’t fully owned by plnt. Was enough to turn me off anyways.

I think this market will be hot again come April/may.

Just to follow up, Yeah PLNT is only the majority owner of NEON. But even if it's 51%, the share price and market cap show a disconnect. It's a problem with these thinly traded Canadian stocks.

[ExtraSlow]

I am fully out of PLNT, and I won't be going back. That stock is too thinly traded to even execute my tiny orders in a reasonable timeframe. Brutal. Even if I think it's mis-valued because of it's ownership in NEON, I can't live my life like that.

[BavarianBeast]

Buying as much myco I can at 48 cents

[JRSC00LUDE]

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Buying as much myco I can at 48 cents

I have a small position of this, bigger than I had on Mindmed before it really took off. Don't want to miss another boat but don't want to go too huge. Pussy gambler haha

[BavarianBeast]

Look like it has some great growth potential. I like the management team but the stock/company had a bad past in the cannabis industry from what I’ve been able to research. Hopefully they can turn it around with mushrooms.

Cybn very attractive at 1.85 too imo

[ExtraSlow]

@BavarianBeast , any thoughts on Aspen Island? Have you heard of these guys? The website isn't live yet https://www.aspenmind.ca/
I got sent the investor presentation, and I didn't see anything really different from the handful of other investor presentations I have read. Veterans and clinics seems to be the main part of their strategy. Would love to hear your thoughts or if you know of these guys.

They are trying to IPO this year from what I hear.

[Tik-Tok]

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Look like it has some great growth potential. I like the management team but the stock/company had a bad past in the cannabis industry from what I’ve been able to research. Hopefully they can turn it around with mushrooms.

The fuck happened in Nov/Dec 2017?

[BavarianBeast]

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The fuck happened in Nov/Dec 2017?

They were new leaf brands and overpaid for a cbd company.. I think. I only started following them recently. https://www.dailymarijuanaobserver.c...ed-CBD-Company
@ExtraSlow , I haven’t heard of them but I will take a look tonight when I wind down. Would be nice to get in on one before ipo.

[BavarianBeast]

Thanks for sending over extra slow. Not too keen on Aspenmind but will watch closely.

[ExtraSlow]

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Thanks for sending over extra slow. Not too keen on Aspenmind but will watch closely.

Yeah, I think most companies will end up popping, but that one doesn't seem to have anything really special about it. I think I know one guy whos getting in pre-ipo as a way to diversify his dirty oil money, although he hasn't confirmed that for me.

If you were a millionaire, and looking to pick one shroom stock to buy today for a passive 5-10 year investment, what's your pick BB? CYBN, MYCO, or what?

[BavarianBeast]

Hopefully it works out for him. I know a lot of c-suite oil and gas folks that got burned during the cannabis craze with 51st parallel cannabis. Min investment was 50k, and I knew 4-5 people who did $250k+...

Tough call for me between Mydecine and Cybin. I think myco has a better chance to rocket short term in the next year or two, but if I could choose just 1, I’d be invested in Cybin for the long haul.

[ExtraSlow]

I know a lot of c-suite oil and gas folks who are terrible with money, so they may as well invest in this stuff .. . . .

[msommers]

I'll give ENBI at $0.85 a shot.

[BavarianBeast]

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I'll give ENBI at $0.85 a shot.

Good luck! I’ve got a decent chunk now.

Management is a bit of a wash board, but I think the ceo definitely has some vigour to get things done. DMT is a very interesting chemical. Lots of potential, just needs the right people in place to unlock it.

10 minute trip often equals 5+ years of therapy for some.

[nzwasp]

The psyk etf is going up after a down trend from opening.

[BavarianBeast]

Nice to see myco finally making some progress.