Psychedelic investing and trading

[vengie]

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Attachment 96990

What’s the likelihood of them actually being listed on the Nasdaq?

[BavarianBeast]

I would say 98% in the next year.

[max_boost]

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I know a few people with their extraction machines that all sell on the grey market. That’s about it. Easy industry to enter, i wouldn’t expect much from them.

Horizon etf looking like

11.40% MIND MEDICINE MINDMED INC
10.90% Compass Pathways PLC
10.80% NUMINESS WELLNESS INC
9.82% CYBIN INC
8.24% GREENBROOK TMS INC
8.08% FIELD TRIP HEALTH LTD
7.98% RED LIGHT HOLLAND CORP
7.89% SEELOS THERAPEUTICS INC
5.52% REVIVE THERAPEUTICS LTD
5.37% ABBVIE INC
5.33% JOHNSON & JOHNSON
4.44% MYDECINE INNOVATIONS GROUP INC
4.40% HAVN LIFE SCIENCES INC
3.24% ENTHEON BIOMEDICAL CORP
3.10% MIND CURE HEALTH INC
3.00% PSYCHED WELLNESS LTD
1.90% NOVA MENTIS LIFE SCIENCE CORP

Do you recommend the etf or just pick a handful of these stocks?

Enbi has worked out nicely so far +40% but I don’t plan to invest too much into this sector, maybe $10k total

[BavarianBeast]

I always just pick the stocks personally, but I’m very active in my portfolio management. If $10k is a small bet for you, I would just pick a handful you like.

[gretz]

Look at ptlr gooooooo... missed the boat on that one, although I’m a super small fish in this pond

[BavarianBeast]

Wrong thread homie, your looking for the tech Stonks one

[sabad66]

Two people I know had their lost taste due to COVID come back after doing psychs (one shrooms, the other acid). Smell didn’t recover as much.

Would love to see these psychedelic companies doing some more research on this potential treatment.

[BavarianBeast]

That’s interesting. I did completely dark/blind 5 course dinner thing in Vegas on LSD and it was one of the coolest food experiences I’ve ever had. My taste buds have never been so alive.

[JRSC00LUDE]

How do you even enter an order for an ETF before it opens, or can you even? I have zero idea about buying a new launch but think it would be fun to ride a couple bucks on.

[ExtraSlow]

Etf is good if you want long term hold because you believe in the entire sector.
Not as good for trading, because swings will be less than individual stocks.

I may buy the etf.

[JRSC00LUDE]

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Etf is good if you want long term hold because you believe in the entire sector.
Not as good for trading, because swings will be less than individual stocks.

I may buy the etf.

Oh I know, I just figured it would be good to grab early/cheap as possible and sit on it a bit. What's the worst that could happen (other than lose all the money)?

[ExtraSlow]

who was it who said that diversification was insurance against ignorance? I'm plenty ignorant.

[BavarianBeast]

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What’s the likelihood of them actually being listed on the Nasdaq?

https://www.globenewswire.com/news-r...he-NASDAQ.html

[max_boost]

Etf live. Waiting for extraslow’s endorsement. Psyk

[ExtraSlow]

If you hate picking names, this one is a nice buy and hold.

[BavarianBeast]

I’m in deep on MYCO, CYBN, NUMI and ENBI. Relatively small position in HAVN

[roopi]

I'm back in NUMI today. Bought a little too much as it was dropping. I'm comfortable holding this one though. Watching MYCO on bb's recommendation but haven't bought yet.

[BavarianBeast]

They’re on sale today!

Doubled my Entheon position as it was low. Not my favourite one but has big potential.

[ExtraSlow]

Hah, I never did get out of PLNT.

Hey, can someone explain how it works when NEON is a subsidiary of PLNT, but market cap of NEON is larger.

Does any of that matter with these? With 20yh century companies it would.

[BavarianBeast]

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.