Long term marijuana a good play but not sure right now. There kinda neutral right now. They were doing bad before corona virus hit. The virus actually gave alot companies a boost. I had shares of cronos and canopy growth. Both were losing me money but two of the better companies I think. They had too much product and not enough demand. Once the US legalize it nation wide I think it takes off. Plus in other countries they had slow roll out not as many locations open as planned. Plus I not sure what companies will be standing when all this happens. Lots of company will be bought out. If I had to guess I think weed will be legal everywhere in the us within the next 5 years its gonna make too much money.
Boiler Room: The Official Stock Market Discussion
Long term marijuana a good play but not sure right now. There kinda neutral right now. They were doing bad before corona virus hit. The virus actually gave alot companies a boost. I had shares of cronos and canopy growth. Both were losing me money but two of the better companies I think. They had too much product and not enough demand. Once the US legalize it nation wide I think it takes off. Plus in other countries they had slow roll out not as many locations open as planned. Plus I not sure what companies will be standing when all this happens. Lots of company will be bought out. If I had to guess I think weed will be legal everywhere in the us within the next 5 years its gonna make too much money.
Great list. I wouldn't mind Tesla if it fell under $300. I plan on getting about 10 shares of Abbv but I quit buying it because it was becoming a disproportionate part of my portfolio at my current #3 which I didn't plan for it to be.
I will be buying more Intel, BAC, and buying back into Target which I sold out of for I think Footlocker when it fell. It was a dumb move but I bought into Target at the $70s and sold in the $90s so it was a profit. I should have just saved up and bought FL. Also planning on buying back into Nike which I sold after getting FL.
Main targets for the immediate future are 5 more shares of UBER. FB as long as it's under $200 then JNJ. all the rest of those dreams come after those 3 moves. I only have 13 shares of JNJ so I have some work to do there.
What you think about red robin? Routinely trade in the 30s, and right now at 7.50. I was thinking about them if they drop below 5. Couple weeks back they were in the 4s, dont know if that will happen again unless we get another 1900 point loss day tho
ahomeplateslugger
Superstar
i forgot uber. i'm gonna load up on that as well.
i would buy jnj over abbv but the price is just too much for me. if it drops back to $115 or lower i'll buy in but i don't have much faith in that happening. they're just too strong of a company.
I dont know alot about the marijuana industry so i still need to due my due diligence. The way i see it is that since the US economy is going to shyt legalizing will be a quick and easy way to create jobs and also stimulate expenditure which is a win win situation, government gets ton of money by taxing the shyt out of it and same way new jobs are created. I have marijuana down as a wildcard so i was going to invest it would proably be no more than a couple of hundred in a few different stocks or possible just stick to some kind of index fund.
I need advice my brehs.. what's the deal with MFA.. I bought 612 shares when it was 2.07 lol.. I took a nasty hit on it as yall can tell. Should I expect it to keep dropping? Will it be wise for me to buy 1000 shares if it drops below .35?
I invested for the short term but if it's best for me to wait long until the dust settles let me know.
Any advice is greatly appreciated. I'm new to this.
I invested for the short term but if it's best for me to wait long until the dust settles let me know.
Any advice is greatly appreciated. I'm new to this.
Right now the legal market is losing to the black market both here and in Canada. A lot of these big ass weed companies are struggling and laying off tons of people. I’d hold off going long until they can figure out a way to take market share from the black market which I don’t see a path to unless they take away the extra taxes.
that shyt is complete trash
if you sell it, you can deduct the L on your taxes so its really up to you whether you need the money its worth now
i bought 100 thats worth 40 now. just gonna hang on and see what it does
This is a REIT that deals with residential mortgages. There's gonna be a long pause on people paying mortgages. You might wanna hold long term and see how things play out.
I wouldn't buy anymore unless you're gonna go long on it. It's a company in a business that it's just not a good time for right now. When the economy recovers they'll probably do much better if they can make it that far.
I tired looking at the balance sheet but it doesn't break down how much cash they have. It looks like they suspended their dividend which isn't something a company in a really great financial position does.
I’m planning to do a budget of 2k for thjs week. First k I plan to spread it out. Anybody know of a good high risk big reward to just throw in the whole second k on just one stock even if it’s long term? I’m trying to make some moves this week if shyt hit the fan.
Saysumthinfunnymike
VOTE!!!
Their price spiked up to $150+ when Disney+ dropped. There's two things I like.
First is they are reliable. Theme parks, Movies, TV, now a streaming service, sports, etc.. they making all the right moves.
Second reason is growth potential because I feel they are in a position now where they are going to own entertainment. It was getting close to that this past year and I feel after this whole situation we are just gonna be left with Disney, AT&T and Comcast.
Out of the 3 I know which one I trust the most and it's Disney. They need to diversify their streaming with Hulu and then they gonna be a real Netflix competitor.
Saysumthinfunnymike
VOTE!!!
I have to take a look at their financials first but good look.
Saysumthinfunnymike
VOTE!!!
I don't want to tell you what to do but many analysts think Uber will be a $100 stock at some point, right now it's around $20, 50 shares would be $5000 so it's possible you could turn 1k into 5k off them but it would be a long term play
uber and spce seem to be the most popular.
https://seekingalpha.com/amp/article/4335789-carnival-corp-wont-go-bankrupt-dive-debt
CCL raised $5.75 billion. They have like $13 billion in long term debt due in 2023. Doesn't look like they'll go bankrupt any time soon. This year might be lost to them though.
CCL raised $5.75 billion. They have like $13 billion in long term debt due in 2023. Doesn't look like they'll go bankrupt any time soon. This year might be lost to them though.