Sirius has moved. If I would have held on to the stock I bought at 1.97 I would have made a slight profit. I was hoping that it would get up to $5 or get bought out by liberty. I already have mutual funds and I just got into WWE and FB.
Boiler Room: The Official Stock Market Discussion
Sirius has moved. If I would have held on to the stock I bought at 1.97 I would have made a slight profit. I was hoping that it would get up to $5 or get bought out by liberty. I already have mutual funds and I just got into WWE and FB.
By the summer time if they go up like I think they may im selling 40% and stuntin on these bytches at LSU in a new car like
Like I said @7oclock & @Big Jo I just need this MMJ bubble which started 2-3 months ago to continue for that same amount of time with these up and coming stocks and im straight....I'll pull out and invest in something more reliable...
the dot come bubble lasted 4 years, I think the MMJ bubble can do the same or even more, its weed/drugs , the shyt sells itself bra, and some of these WILL be successful long term
some won't
my job right now is to find 3-4 good candidates and hope for the best..
and when u have a dope ass trading group like i do, with one guy that went to the shareholder meeting for fitx, it increases our chances of getting this money together
the dot come bubble lasted 4 years, I think the MMJ bubble can do the same or even more, its weed/drugs , the shyt sells itself bra, and some of these WILL be successful long term
some won't
my job right now is to find 3-4 good candidates and hope for the best..
and when u have a dope ass trading group like i do, with one guy that went to the shareholder meeting for fitx, it increases our chances of getting this money together
@Shugg Ross I'm basing my theory off of last year's charts. The weed stocks had good runs last year in Feb/ March then became a graveyard that summer. In fact I bought MJNA in August at 13 cents, but I sold it in January like a dumb ass, right before it really popped
So I'm expecting that pattern to repeat itself, as @7oclock pointed out many of these tickers are criminally overvalued right now. But when California passes rec legalization in November, the gold rush starts again. Now that's just my projection, I could be wrong and traders could be chasing these plays all year
So I'm expecting that pattern to repeat itself, as @7oclock pointed out many of these tickers are criminally overvalued right now. But when California passes rec legalization in November, the gold rush starts again. Now that's just my projection, I could be wrong and traders could be chasing these plays all year
I think the fact that its now being sold THIS YEAR means that summer thing wont happen again....tax revenues are being made bra, positive articles are coming out and its got nowhere to go but up with 45+ more states that could potentially be a new market
GDSM :bayer:
TTDZ:sims:
next up:plo:
MFST:ehh1:
TTDZ:sims:
next up:plo:
MFST:ehh1:
Yep, I'm being totally realisitic...I always put the disclaimer (except in the last post lol) that these valuations take a back seat in pennystock world to PR and PnD (pump n dump); however, the long term effect is that without monetization these are extremely overvalued and even with revenues it will come to light that the operations of these companies cannot support the valuations they are at currently. This is why there's HUGE short interest in the majority of these and when I say huge, I mean HUGE.
It moved because it tanked during the economic down turn, it's back to where it was in 2005/2006/2007 - you're not going to get much more value of this - believe me 1.95 to 2.48 is a good run but again it was recovering - what will drive it past $4? People aren't interested in siri's service , past the few shows it has.
interesting take on the Cali MJ move
here's my take is that there will be a bubble but I think you're right that there's potential upward movement - until someone removes the hood and really see that legalization of weed (much easier to grow than tobacco) will cause the costs of the plant to decrease. If illegal weed is being sold at 5 and 10 per bag, there's no way legalization of it should cost more - which I believe it does now. And therein lies the economic factors that could destroy this investment - these million dollar operations and facilities are going to be hurt something awful.
TTDZ accumulation line is amazing, its going higher daily with less volume, people wont be selling this thing til hits silver+
Thing is, theres extra taxes on the legal weed, and the weed can only be legally sold by people with licenses...people wont want to go to jail because they bought from a illegal weed dealer when they can buy 2 blocks down and buy it legally for 10-15 bucks higher, and with different strands
at me buying MSFT in June 2010 for $23.60
at me selling MSFT in November 2010 for $25.71
MFST not MSFT lol
ill
Superstar
1) California will not pass recreational anytime soon. Until they break the state up, places like Orange County will make sure it stays as is.
2) The black market is thriving right now. Why pay an extra 20% when you can get the same or better product on the street with minimal risk now that cops don't care about weed.
3) Legalization will eventually lead to lower prices as you can use economies of scale, but for the short term, it will raise prices across the board. Growers are accustomed to certain profit margins. When the state comes in with laws, you have to pay for permits, taxes, fees, etc. It adds a ton of overhead to the operation thus raising prices to maintain those margins. It will take a while for the prices to come down.
2) The black market is thriving right now. Why pay an extra 20% when you can get the same or better product on the street with minimal risk now that cops don't care about weed.
3) Legalization will eventually lead to lower prices as you can use economies of scale, but for the short term, it will raise prices across the board. Growers are accustomed to certain profit margins. When the state comes in with laws, you have to pay for permits, taxes, fees, etc. It adds a ton of overhead to the operation thus raising prices to maintain those margins. It will take a while for the prices to come down.
dyslexics untie