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11-15-2016, 11:00 AM
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Join Date: Jan 2015
Posts: 497
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Forget about investing in oil stocks, go 420
The momentum is in medical marijuana stocks. Last couple weeks have seen huge gains. Biggest Canadian marijuana company has smashed through the $1 billion market cap level. The federal liberals are expected to announce legalization of marijuana in late winter/spring 2017. 2 biggest companies currently are Cgc and Aph.
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11-15-2016, 11:13 AM
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Join Date: May 2008
Location: Calgary
Posts: 519
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Had some buddies tell me about Golden Leaf Holdings (GLH). Anyone know if this is a good MJ stock?
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11-15-2016, 11:23 AM
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Join Date: Jul 2015
Posts: 361
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I owned canopy growth corp at 4.24 and now trading around 13$ I sold at 5.75 but I have friends holding on that have made upwards of 70k in the last 2 months. These companies are not yet profitable but price is driven up on buyers demand. I could see CGC hitting 25-30$ per share but these might end up falling out so it's purely a gamble. Lol I wish I was my friends right now hahaha.
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11-15-2016, 11:53 AM
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Moderator
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Join Date: Feb 2015
Posts: 7,663
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Will legalization drive the price up or down though. I could see both scenarios playing out. Legalization will in theory increase demand, which could drive up the price. But I could also see it driving up the supply.
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11-15-2016, 12:12 PM
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Join Date: Jan 2015
Posts: 497
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Quote:
Originally Posted by Trochu
Will legalization drive the price up or down though. I could see both scenarios playing out. Legalization will in theory increase demand, which could drive up the price. But I could also see it driving up the supply.
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Legalization will increase the size of the market because new customers may not like to use the black market.
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11-15-2016, 12:16 PM
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Banned
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Join Date: Nov 2010
Location: Rycroft
Posts: 21,548
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11-15-2016, 01:38 PM
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Join Date: Feb 2009
Posts: 5,121
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I brought this up last sept I believe? I bought a boat load of ACB Aurora Canibis in fall 2015..... 
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11-15-2016, 01:49 PM
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Join Date: Nov 2013
Posts: 423
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Without researching I can see some people making out big, BUT a lot of people losing huge. Is there any true asset worth to these companies or just a lot of smoke and hot air? To me it would be more gambling than investing at this point. Might be interesting to look at the potential of shorting at some point though. Big gamble either way.
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11-15-2016, 02:13 PM
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Join Date: May 2016
Location: Parkland County
Posts: 2,382
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I worked with a guy back in summer '15 was telling me he was six figures invested in the marijuana industry and had been for awhile and claimed to have already seen some major returns. I wonder how what his situation looks like now.
Quote:
Originally Posted by Clgy_Dave2.0
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If you were to have bought shares in all of those when that article was posted and still have them all today, you would be facing a fairly decent net loss. All of those stocks spiked in 2014, then dropped and never recovered.
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And unlike the clock on the wall at your momma house, I do not have time to hang.
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11-15-2016, 02:42 PM
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Join Date: Sep 2011
Posts: 3,544
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Quote:
Originally Posted by I_forget
Legalization will increase the size of the market because new customers may not like to use the black market.
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You can very easily order it off the internet without a prescription. BC already has a few big players doing it. I am not so sure the market will grow that much.
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11-15-2016, 02:48 PM
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Join Date: Sep 2011
Posts: 3,544
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My prediction is provinces and the feds overtax marijuana and the black market players stick around and still are a major force that keeps the big companies from really being as profitable as people expect/hope.
I don't see the margins being as big in legal MJ, plus the taxation aspect will drive up the price giving illegal sellers a market they can exploit, and their larger margins will allow them to lower the price.
I also think the government will limit the strength of the legal MJ, opening up another market for the illegal sellers.
We'll see what happens????
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11-15-2016, 03:20 PM
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Join Date: Jan 2015
Posts: 497
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There's huge potential for companies. Like thc pills for pain relief, and if they were covered by health/benefit plans the market would be huge.
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11-15-2016, 05:07 PM
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Join Date: May 2015
Posts: 418
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Quote:
Originally Posted by riden
My prediction is provinces and the feds overtax marijuana and the black market players stick around and still are a major force ......
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Current black market players will not have the power of the First Nation black and grey market players. They will easily dominate any overtax created black market, others will not stick around if they know whats good for them.
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11-15-2016, 05:19 PM
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Join Date: Jul 2012
Location: one Fort or another
Posts: 768
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Sounds a lot like the 'dot-com' era to me. For every company which made it, 1000 crashed.
And the majority of people who made it did so on momentum plays. Not corporate earnings.
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11-15-2016, 05:23 PM
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Banned
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Join Date: Sep 2012
Posts: 2,052
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I bought 400 shares of Tweed after it dropped to sub $2 a share and sat on it.Between then and now Tweed got merged and the creation was Canopy Growth Corp which has been on fire in the last week.The stock has seen 5 days in a row of 10% + gains and today jumped $2.29 on volume of just shy of 13 million shares.Damn I would have loved to be the venture capitalist that threw 100 grand in financing them for a 5% stake.
That being said if the stock hits $18 a share I will happily sell.Sure wish I had pitched the 48 grand in my TFSA at Canopy a couple months back when it was $3 a share.Had I done so my target would now be $15 and it would all be tax free 
FTH
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11-15-2016, 06:47 PM
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Join Date: Mar 2008
Location: Caroline
Posts: 7,272
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Quote:
Originally Posted by mooseknuckle
I brought this up last sept I believe? I bought a boat load of ACB Aurora Canibis in fall 2015..... |
You have done very well then...... 
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Two reasons you may think CO2 is a pollutant
1.You weren't paying attention in grade 5
2. You're stupid
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11-15-2016, 07:13 PM
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Join Date: Feb 2009
Posts: 5,121
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Quote:
Originally Posted by MountainTi
You have done very well then...... |
up another .43 today!! wowzas!!
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11-15-2016, 07:14 PM
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Join Date: Mar 2008
Location: Caroline
Posts: 7,272
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Quote:
Originally Posted by mooseknuckle
up another .43 today!! wowzas!!
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Buddy of mine made a killing on it as well. I hummed and hawed a little too long.
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Two reasons you may think CO2 is a pollutant
1.You weren't paying attention in grade 5
2. You're stupid
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11-16-2016, 08:12 AM
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Join Date: Oct 2010
Location: Rural Rocky View
Posts: 108
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!
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11-16-2016, 08:20 AM
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Join Date: Jan 2015
Posts: 497
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Nothing but green today. Strange making money in a sector I know very little about.
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11-16-2016, 10:22 AM
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Join Date: Nov 2008
Posts: 11,371
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Trade halt and resumption for CGC. Wonder what that was about?
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“One of the sad signs of our times is that we have demonized those who produce, subsidized those who refuse to produce, and canonized those who complain.”
Thomas Sowell
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11-16-2016, 11:01 AM
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Join Date: Jan 2015
Posts: 497
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Quote:
Originally Posted by pikergolf
Trade halt and resumption for CGC. Wonder what that was about?
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Huge selling that triggered stop losses. Dropped 20% in 5 minutes. Happened to Aph as well. Atleast they are headed up again.
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11-16-2016, 11:04 AM
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Join Date: Feb 2009
Posts: 5,121
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up another .83 so far!! WOW!!!
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11-16-2016, 11:18 AM
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Banned
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Join Date: Apr 2016
Posts: 413
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Quote:
Originally Posted by cdales
I owned canopy growth corp at 4.24 and now trading around 13$ I sold at 5.75 but I have friends holding on that have made upwards of 70k in the last 2 months. These companies are not yet profitable but price is driven up on buyers demand. I could see CGC hitting 25-30$ per share but these might end up falling out so it's purely a gamble. Lol I wish I was my friends right now hahaha.
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You,ll be good till its legalized , after that , SKYS THE LIMIT this is the next BRE-EX
l bought in at $2.75 YIPPIIIIIIIIII
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11-16-2016, 11:19 AM
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Join Date: Dec 2008
Location: Near Edmonton
Posts: 15,049
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Remember, this is trading like gold and diamond mines during the discovery and test drilling phases. They go up like crazy on greed and enthusiasm, but once the actual net earnings and sales become apparent they will drop like a stone back to their real values.
As long as you trade these on momentum and activity, and don't forget that based on real potential earnings these are WAY over priced, there is a lot of money to be made in short term buying and selling. Once they start to drop, sell fast and make sure you have stop losses in place in case the drop happens while you aren't looking.
If your stocks are up a lot it doesn't hurt to capture and lock in some profits along the way.
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11-16-2016, 11:24 AM
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Banned
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Join Date: Apr 2016
Posts: 413
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lf you own tweed or Aurora , don't sell till its legalized in April
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11-16-2016, 11:28 AM
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Join Date: Jul 2012
Location: one Fort or another
Posts: 768
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Quote:
Originally Posted by bigskinner
[...] this is the next BRE-EX
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Yep, maybe sooner than you think. Hopefully nobody's gambling on credit.
It looks like there's a frothy top-formation starting to form today. I'd watch that very carefully and take some profit off the table.
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11-16-2016, 12:23 PM
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Join Date: May 2007
Location: Red Deer
Posts: 1,531
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Quote:
Originally Posted by Arty
It looks like there's a frothy top-formation starting to form today. .
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That's because we are all cheering each other for the great gamble we took.
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11-16-2016, 05:48 PM
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Banned
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Join Date: Sep 2012
Posts: 2,052
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Quote:
Originally Posted by pikergolf
Trade halt and resumption for CGC. Wonder what that was about?
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Market interferance was what it was about.Right about 9am Canopy was shooting up 25%+ and trading was halted.All told there were 8 halts to trading for Canopy and it was stupid and not needed at all.The first 3 halts killed the greed for the day and the 5 halts after that instilled fear.
More than 25 million shares traded today and the panic set into the small fry.People who bought in in the last week for paltry amounts less than a board lot.I also think a large number of heavy weighted holders of the stock started to unload and take profits and that was when the first trading halt hit.Last trade I saw before the halt was for a sell of 81,000 shares and the buy was for 88,000 and that was for $17.83
Hopefully the steady upward trend continues tomorrow and the market does not get stupid again.
FTH
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