Stocks and Trading Thread - Channeling your inner Mono

[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?

[Tamas]

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

IDK but after the big runs lately this doesn't feel catastrophic just yet.

[Admiral Yi]

Vad Tenev and Keith Gill (aka Roaring Kitty) go to the same barber.