Stocks and Trading Thread - Channeling your inner Mono

[Tonitrus]

Did some big news just hit that we all missed?  Share prices just suddenly dropped.

Took advantage of the drop in Tesla to sell a 2/12 put @740 for $494.

Might be skittishness on the Bitcoin thing finally hitting...and China gave them a quality-control dressing down the other day.

I'm thinking of bailing on it soon. 

That and Model X interior refresh sucks ass, so that is off the table as a future purchase. 

[Tamas]

Pot stocks exploding.

There are rumors that Congress is going to decriminalize pot nationwide.

Weed stocks have been skyrocketing for like a month now on that news.

I think the dip is simply taking profits before the Feds guy is talking today. There's been a lot of rallying.

[Barrister]

Just as a warning - in this country pot stocks exploded before and shortly after legalization in October 2019, but slumped badly in the year following.

Perhaps the old "by on rumour, sell on news" approach.

[Admiral Yi]

Just as a warning - in this country pot stocks exploded before and shortly after legalization in October 2019, but slumped badly in the year following.

Perhaps the old "by on rumour, sell on news" approach.

Tamas and I have both owned CGC since before the slump. 

[Tamas]

Just as a warning - in this country pot stocks exploded before and shortly after legalization in October 2019, but slumped badly in the year following.

Perhaps the old "by on rumour, sell on news" approach.

Yeah, thanks. I bought Canopy just before the burst of the previous bubble. But my shares went from -40% in value to +60% since Biden took over.

[crazy canuck]

Just as a warning - in this country pot stocks exploded before and shortly after legalization in October 2019, but slumped badly in the year following.

Perhaps the old "by on rumour, sell on news" approach.

The smart investors were buying in initially on the hope that it would become easier to sell in the US.  And that is what is happening.

[PDH]

By high, sell cheap - that was my Dad's mantra. 


He died with about $1100.00 left so his timing was okay at least.

[Admiral Yi]

https://www.youtube.com/watch?v=fXwqmXxJBH0

Pot stock discussion.

Fun fact: Canuck companies are all listed in the US, US companies all listed in Canada.

There appears to be a WSB short squeeze attack on Tilray, but dude points out it's not a true short because the shorts are abritraging between Tilray and another company being aquired, so the squeeze won't work. 

[Tamas]

https://www.youtube.com/watch?v=fXwqmXxJBH0

Pot stock discussion.

Fun fact: Canuck companies are all listed in the US, US companies all listed in Canada.

There appears to be a WSB short squeeze attack on Tilray, but dude points out it's not a true short because the shorts are abritraging between Tilray and another company being aquired, so the squeeze won't work.

Weed stocks plummeted this morning, don't get engrossed in this.

[Admiral Yi]

Why they ran up and why they ran down is interesting to me.

[crazy canuck]

Why they ran up and why they ran down is interesting to me.

People bought and people sold.

[DGuller]

Why they ran up and why they ran down is interesting to me.

People bought and people sold.

I guess what Yi is wondering about is why people bought and people sold these stocks at one price one day, and why people bought and people sold these stocks at a very different price the next day.

[crazy canuck]

Why they ran up and why they ran down is interesting to me.

People bought and people sold.

I guess what Yi is wondering about is why people bought and people sold these stocks at one price one day, and why people bought and people sold these stocks at a very different price the next day.

Yeah, and that is the joke.  Anyone who says they can figure that out probably has a bridge or two to sell as well.

[Admiral Yi]

Sold 3/26 TSLA put @740 for $3,600.

[Josquius]

Everything seems down right this week.
Lunar new year? Or the start of the collapse?