OT: Stock trading

[SteelCT]

Look at $HEMP$ penny stock that has doubled in the last week on sector movement and recent BOD changes. At ~.025 currently. Worth a flyer IMO. Decent fundamentals for a cannabis play.

 

[UconnU]

The problem with the industry is that the government will destroy the industry with taxes, fees, regulations, etc as soon as they legalize it. Prop 64 in CA for example is largely viewed as a failure from a business standpoint. Should be treated the same as Alcohol.

 

[SteelCT]

Agreed, it is highly regulated and has massive barriers to entry. But, it will, at some point, be a legal commodity industry that will have a few successful companies ie tobacco.

 

[HuskyHawk]

I was looking at the other stock thread which seemed centered around crypto. seems with congress going blue
there is even more momentum in this sector - thoughts?

The discussion changes day to day. Have discussed pot stocks as well.

 

[superjohn]

The problem with the industry is that the government will destroy the industry with taxes, fees, regulations, etc as soon as they legalize it. Prop 64 in CA for example is largely viewed as a failure from a business standpoint. Should be treated the same as Alcohol.

I played around with them a few years ago and everything coming out of Quebec was totally messed up, they all had poor fundamentals. All of this coupled with the insane taxes, fees, regulations makes me stay away. I don't smoke weed but most people I know get it from their dealers for less than half the price. It will become legalized at some point down the road and run by a few companies tied into the gov't and it will be way too expensive.

 

[Da_Aisijimo_Gou]

How high are we riding this thing?

TLRY +41% today; apparently reasonably high

 

[tentoes4rings]

TLRY +41% today; apparently reasonably high

Ugh, I remember when TLRY sat around 7 forever.

 

[tentoes4rings]

Today was the kind of day I love, had a low stress feel to it with big gains. FUTU, FLGT and ROKU with big days. WIMI now starting to move guys.

 

[the Q]

TLRY +41% today; apparently reasonably high

Ugh, I remember when TLRY sat around 7 forever.

I imagine this is due to the merger?

 

[UconnU]

I played around with them a few years ago and everything coming out of Quebec was totally messed up, they all had poor fundamentals. All of this coupled with the insane taxes, fees, regulations makes me stay away. I don't smoke weed but most people I know get it from their dealers for less than half the price. It will become legalized at some point down the road and run by a few companies tied into the gov't and it will be way too expensive.

That’s the biggest issue. The legal stuff can’t compete with the black market on price, and in some cases quality(THC regulations on edibles for example). It’s obviously decriminalized in these states so the black market operates with no risk. My fear is that the industry will ultimately heavily lobby for tougher sentencing on black market dealers and since the government is essentially in business with them with all the taxes and regs they may play ball.

 

[Da_Aisijimo_Gou]

Ugh, I remember when TLRY sat around 7 forever.

When $6.96 shares = more than 420 ... even if those days are long in the past. Thanks UK distribution agreement, merger, etc.

 

[huskypantz]

EDIT: (Me ) or actually that word they love to use over there on reddit
other post above.
got CLDR @ 15.19

You're up 20% as of today. Not a bad haul YOY.

 

[Matrim55]

I got in on LKCO before the NIO rumors hit this morning and had a very good day. I suspect this’ll hit $1 this week.

Ended up hitting $1 today

 

[Jaker]

How do you feel about INUV?

The 15 min chart for the past month looks "bullish", but choppy. Earning tomorrow, still did not test the January high of $.2.34 Will have to see how the Q1 earnings are. The technology is probably not understood by most investors, not that that matters, I would wait and see if it retest $1.60 level before buying. Volume has been just "ok" at roughly 14 million. If you already own it, hold for sure and see how it plays out this week.

 

[Jaker]

TOPS should hit $3.00 tomorrow.

 

[tentoes4rings]

I imagine this is due to the merger?

No. They got a deal to supply medical marijuana in the UK today. Plus, anything weed related is giving investors the munchies and they can’t eat it fast enough.

 

[Kemba'sYogurt]

TOPS should hit $3.00 tomorrow.

Thanks

 

[the Q]

No. They got a deal to supply medical marijuana in the UK today. Plus, anything weed related is giving investors the munchies and they can’t eat it fast enough.

Interesting. So the alphria merger is already priced in?

 

[Jaker]

I am buying calls on everything, everything is going up, market so bullish right now

 

[Da_Aisijimo_Gou]

Interesting. So the alphria merger is already priced in?

TLRY’s UK distribution agreement with Grow Pharma likely contributed most to today’s spike, but evolving state laws, distribution in Spain, similar projected in Portugal, and the APHA merger targeted before end of 2Q similarly contribute to projected upside. Fully priced in merger already? Who knows, maybe getting there, yet don’t care what’s caused run up since late Mar & Aug buys.

 

[GameTime]

APHA a cool 86% return in 7 days. ??‍♂️

 

[UConnSwag11]

If this is a response to Psychadelics: There will be medicines for depression, anxiety, and addiction. That market is already huge, but the amount of psychological damage inflicted because of social media and other elements the market is only going to grow.

AIKI

 

[UConnSwag11]

That’s the biggest issue. The legal stuff can’t compete with the black market on price, and in some cases quality(THC regulations on edibles for example). It’s obviously decriminalized in these states so the black market operates with no risk. My fear is that the industry will ultimately heavily lobby for tougher sentencing on black market dealers and since the government is essentially in business with them with all the taxes and regs they may play ball.

Yeah. I believe CT is making it Corporate Cannabis. No small guys. CT apparently introduced a terrible bill that is corporate in nature, equality driven, politically connected

 

[UConnSwag11]

I was looking at the other stock thread which seemed centered around crypto. seems with congress going blue
there is even more momentum in this sector - thoughts?

Eh, we’ll see. Nothing happens until the big players say so. Watch, I believe it’s called, Banking on Bitcoin to see how they rigged the system in their favor.

I know Governments are using illegal use of crypto to crack down on it which is bs.

Do you have any specific questions?

 

[UConnSwag11]

If it becomes legalized, what impact do you anticipate?

Depends on what society says. I think some places will be more liberal with it and others won’t allow it in their town. I also think big players are positioning themselves to corner the market. I think it will be too regulated and taxes forcing people to continue to buy underground