Psychedelic investing and trading

[roopi]

This quote is hidden because you are ignoring this member. Show Quote

Numi is nuts. I'm up 201% overall on that one, but as I mentioned, it's my smallest holding.

Any intention on selling any? I usually sell half at 100%.

[ExtraSlow]

This quote is hidden because you are ignoring this member. Show Quote

Any intention on selling any? I usually sell half at 100%.

I'm a buy and hold guy on this play. I don't like "stock trading."

[ercchry]

This quote is hidden because you are ignoring this member. Show Quote

I'm a buy and hold guy on this play. I don't like "stock trading."

You really should pull some out then. If you want a buy and hold, go grab an ETF, not some penny stocks in an industry that’s not even legalized yet

[ExtraSlow]

My main holdings are all in a very stable old man ETF. I have posted about it.

[ercchry]

This quote is hidden because you are ignoring this member. Show Quote

My main holdings are all in a very stable old man ETF. I have posted about it.

Shit man, then I hate to break it to you but you might have accidentally “stock traded” here

[ExtraSlow]

I'll show myself out.

[Disoblige]

Personally I don't think it's the time to sell yet, even if it is up that much. There will be a time where the news hits and the public will be coming in on these "speculative" stocks. Right now, it seems only the beginning, and I think more awareness will happen as Covid gets worse and more discussions about mental health weigh in.

Important thing is try to get in during this "quiet" period. Once your mom knows about it, then you can take it off the table because these clinical trails are going to take years to get approval (if they even do). Sure, there will be pops when it passes trials and certain areas legalize it for research, but it won't last long when they need to keep raising money at stockholder's expense to keep doing R&D.

[ercchry]

All fun and games till they put an infinite halt to trading on them (yup, it’s already happened to a few). No shame in only leaving “house money” in them. Any argument otherwise is like the family guy boat vs mystery box

[Disoblige]

This quote is hidden because you are ignoring this member. Show Quote

All fun and games till they put an infinite halt to trading on them (yup, it’s already happened to a few). No shame in only leaving “house money” in them. Any argument otherwise is like the family guy boat vs mystery box

The context on why they put a halt on them is important. It's not like they did it just because of the field they are in.

[ercchry]

This quote is hidden because you are ignoring this member. Show Quote

The context on why they put a halt on them is important. It's not like they did it just because of the field they are in.

A sketchy penny stock is a sketchy penny stock. Anything is possible. Hell, anything seems possible even with large caps these days

[Disoblige]

This quote is hidden because you are ignoring this member. Show Quote

A sketchy penny stock is a sketchy penny stock. Anything is possible. Hell, anything seems possible even with large caps these days

Example?

[ercchry]

This quote is hidden because you are ignoring this member. Show Quote

Example?

Of what? A halted illicit mushroom stock?

https://ca.finance.yahoo.com/news/me...233000840.html

[Disoblige]

This quote is hidden because you are ignoring this member. Show Quote

Of what? A halted illicit mushroom stock?

https://ca.finance.yahoo.com/news/me...233000840.html

That's what I mean, they should be halted. Fucking guys don't have their shit together. It's not because they're a shroom stock. The company failed to file disclosure documents on time, those idiots.

[ercchry]

This quote is hidden because you are ignoring this member. Show Quote

That's what I mean, they should be halted. Fucking guys don't have their shit together. It's not because they're a shroom stock. The company failed to file disclosure documents on time, those idiots.

Yeah, didn’t say it was? All penny stocks are penny stocks for a reason. This shit happens all the time. Companies end up in this space due to no VC wanting them, or not being able to raise funds themselves through other private channels, or else they’d IPO on an exchange with more stringent regulations... but like I said, that even doesn’t mean much. DD on all the things cause SPAC also exist

[Disoblige]

This quote is hidden because you are ignoring this member. Show Quote

Yeah, didn’t say it was? All penny stocks are penny stocks for a reason. This shit happens all the time. Companies end up in this space due to no VC wanting them, or not being able to raise funds themselves through other private channels, or else they’d IPO on an exchange with more stringent regulations... but like I said, that even doesn’t mean much. DD on all the things cause SPAC also exist

Then it isn't related to this sector then. It can be anything, even large caps, as you said. So I don't see the point of your comment other than trying to say shroom stocks are sketchy.

[ercchry]

This quote is hidden because you are ignoring this member. Show Quote

Then it isn't related to this sector then. It can be anything, even large caps, as you said. So I don't see the point of your comment other than trying to say shroom stocks are sketchy.

The point is. Realize gains as anything is possible. Let the house money ride to infinity. Don’t get burned, etc, etc.

But yes, being an illicit substance just compounds this. News could come out tomorrow that the sentiment towards legalizing has shifted to increased enforcement and poof, to zero it goes.

It’s a purely speculative play and should be treated as such. Minimum risk when you’ve had a win! Goes for literally any trading

[ExtraSlow]

This quote is hidden because you are ignoring this member. Show Quote

It’s a purely speculative play and should be treated as such.

I can agree with this.

[Disoblige]

This quote is hidden because you are ignoring this member. Show Quote

The point is. Realize gains as anything is possible. Let the house money ride to infinity. Don’t get burned, etc, etc.

But yes, being an illicit substance just compounds this. News could come out tomorrow that the sentiment towards legalizing has shifted to increased enforcement and poof, to zero it goes.

It’s a purely speculative play and should be treated as such. Minimum risk when you’ve had a win! Goes for literally any trading

I'm just nit-picking because I like having a debate.

But you are talking about 2 separate things. One, you mention that penny stocks are sketchy and can go to $0. True, but the fact that being a shroom stock is extra sketchy?
But that is what speculative means; it doesn't matter if a country categorizes it as a illicit substance or not. We are SPECULATING there is a need in the market for what this company is doing and it will be successful. It can be shrooms, it can be peanut butter popcorn balls.

[FunWheelDrive]

This quote is hidden because you are ignoring this member. Show Quote

Shit man, then I hate to break it to you but you might have accidentally “stock traded” here

Unfortunately ignorance and regulation go hand in hand

[ercchry]

This quote is hidden because you are ignoring this member. Show Quote

I'm just nit-picking because I like having a debate.

But you are talking about 2 separate things. One, you mention that penny stocks are sketchy and can go to $0. True, but the fact that being a shroom stock is extra sketchy?
But that is what speculative means; it doesn't matter if a country categorizes it as a illicit substance or not. We are SPECULATING there is a need in the market for what this company is doing and it will be successful. It can be shrooms, it can be peanut butter popcorn balls.

You know what? It’s just rude to bring up delicious popcorn balls this close to lunch when I’m stuck in meetings for the next 2hrs

For the record virtual “lunch n learns” do not work, fuck you HR. At least skip the dishes everyone something to eat!