Anyone buying marijuana stocks?

[ORDER_66]

I just looked into a canadian company called Terra Tech... but they don't trade on robinhood I had to reactivate my old ameritrade account... I just put it on a watchlist...

Anyone else heard of this company? long term projections?

 

[KING WILL]

Im hearing Pfizer close to buying Amarin out, have you heard anything?

That's the word man.


Hopefully a bidding war breaks out.

 

[KING WILL]

A 3 for 1 stock deal being tossed around too.

 

[Sugarbush]

And yet another share dilution for ACB Im long term bullish but this is really painstaking in the short run





EDIT: After reading more into it, shares wont be diluted until 2024

 

[posterchild336]

Hexo

 

[ViShawn]

What do you all think of swing trading these cannabis stocks? Aurora is so volatile. I'm tempted on selling all of mine at 7.05 then wait for it to dip again at 6 ish.

 

[Tug life]

What do you all think of swing trading these cannabis stocks? Aurora is so volatile. I'm tempted on selling all of mine at 7.05 then wait for it to dip again at 6 ish.

If you plan on selling any MJ stocks do it after earnings which is a couple weeks from now

 

[ViShawn]

If you plan on selling any MJ stocks do it after earnings which is a couple weeks from now

I'm just wanting to swing trade. I'll just buy more stocks probably.

 

[ViShawn]

I may be behind Canopy Growth but I think I will buy some more Aurora this week.

 

[ORDER_66]

If you plan on selling any MJ stocks do it after earnings which is a couple weeks from now

How will you know when to sell exactly...

 

[winb83]

Shout out to whoever told me to buy Cron. My stock is up 23% since I bought it,

 

[Tug life]

How will you know when to sell exactly...

Think of what is your exit strategy, At what price will you be comfortable with taking profits? Cannabis stocks are having a bullish run into earnings similar to the legalization run last year. With earnings being the next catalyst you will see extreme volatility in the days after. ACB is expected to have great returns so you would probably want to hold for pop but expect to sell on the pullbacks. I just wouldn't suggest selling before earnings because there is still so much more upside until numbers are revealed

 

[posterchild336]

Ya'll out here messing with name brand stocks like Aurora and canopy when the real money are with up and comers who will blow pass them in years to come. Many stocks will crash and some will breakout. I invested in membership to a marijuana stocks club and I am focusing on about 9 companies in next month.

I been telling my friends to get on Charlotte's Web in December when it was 8.40 this week it hit 15 and I said it would in January, yesterday it hit 16.70.

Hexo hit NYSE last week and you see I posted to jump on it last week if you scroll up a couple posts I bought at 4.97 yesterday it closed at 4.66 I bought last week Friday.

Look at my earnings in January just from these two..almost 900.i didn't even start putting money on marijuana stocks yet only 3k. I am about to dump about 20k this month added more of these and others on my list

hexo gained 65% in January, they are one of Canadas top marijuana producers and struck up a deal with Coors to have non alcoholic canibus infused beer.

HEXO Stock | Is HEXO a Masquerading Penny Stock?

 

[ORDER_66]

I actually brought some hexo on the strength of robinhood's suggestions... I'm also looking into two other companies called HEMP and HMPQ... both of these are literally dirt cheap like pennies...Buying literal penny stocks out the gate and if it blows up... oh lawd...

 

[ViShawn]

I just sold my ACB at 7.86. Bought in at 4.92. Made a decent profit

I'll probably re buy in when it drops under 7.

Looks like it will break $8.