Current Events > Stock Market General #20

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Lebronwon
02/11/21 9:41:10 AM
#102:


I guess no one was following WSB. Its like reading a news article. Their forum gives insight to the memes and one of the top posts was about how to avoid being a bag holder.

So a panic sell off now instead of later seemed likely.

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Sexypwnstar
02/11/21 9:42:01 AM
#103:


Hope you guys went all in on that dip you'd be up huge

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theAteam
02/11/21 9:42:23 AM
#104:


Lebronwon posted...
I guess no one was following WSB. Its like reading a news article. Their forum gives insight to the memes and one of the top posts was about how to avoid being a bag holder.

So a sell off now instead of later seemed likely.

There's a lot of opportunity to make money off wsb stocks as long as you're willing to sacrifice some gains to lock in profit and get out before the rug pulls.

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xXfireglzXx
02/11/21 9:42:28 AM
#105:


Lebronwon posted...
WSB turning the weed stocks into a meme is scary since unlike GME there is no unified plan. Its probably a ride the wave secure my profits and cash out. There isn't any one over there saying hold the line.

So if I had to guess these stocks went from stable growth to now being extremely volatile. Could rise 10% or dip 10% at any time right now.

So, based on Canada's rollout of legalization, this is how I forsee things progressing(There's a reason a ton of Canadian weed stocks were under a dollar a share )

Basically, the sentiment of legalization is fueling a lot of the gains you're seeing right now. A lot of projections as to how many potential customers and revenue can be earned following legalization fueling this surge.

When legalization happens in earnest, things typically take a turn a couple of month afterwards. Canada underestimated both the quality and price of the black market, resulting in a massive oversupply of product. Weed is a commodity with a shelf life, meaning oversupply is both a quantity and quality issue, resulting in a sort of negative cycle where older product results in less customers, which results in older product.

Personally, for American weed stocks, the best time to sell in my opinion would be in the 1-2 months immediately following legalization but before the reality of the logistical nightmare starts to set it. Then buy again after that dip.

This is all speculation, I am not a financial advisor, etc.

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Makeveli_lives
02/11/21 9:45:16 AM
#106:


lww99 posted...
Fucking hell. Sndl dropped 1.30 while I was buying other stocks.
Its back at 3.60 now

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Lebronwon
02/11/21 9:45:49 AM
#107:


theAteam posted...
There's a lot of opportunity to make money off wsb stocks as long as you're willing to sacrifice some gains to lock in profit and get out before the rug pulls.

Im aware. Im out of all my weed positions now because my trailing stop loss got activated. I got profit but stuff like TLRY and APHA I had planned to hold through the merger at the very least.

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RedJackson
02/11/21 9:47:35 AM
#108:


Dat_Cracka_Jax posted...
Isn't the saying to "sell the news"?

Absolutely lol like it wants to take a hike right now so idk but I feel like the interest on it is being picked up more and more everyday

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#109
Post #109 was unavailable or deleted.
Makeveli_lives
02/11/21 9:49:51 AM
#110:


Lebronwon posted...
Im aware. Im out of all my weed positions now because my trailing stop loss got activated. I got profit but stuff like TLRY and APHA I had planned to hold through the merger at the very least.
They both dipped buy back in

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lww99
02/11/21 9:50:06 AM
#111:


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Vampire_Wreath
02/11/21 9:51:42 AM
#112:


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Lebronwon
02/11/21 9:51:52 AM
#113:


Makeveli_lives posted...
They both dipped buy back in

Im going to watch from the sidelines and buy back in when WSB moves on to the next thing. I don't really like this whole swinging back and forth of thousands of dollars. On stocks i wasn't trying to day trade. APHA was a long.

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BignutzisBack
02/11/21 9:52:20 AM
#114:


jeffhardyb0yz posted...
My hcmc gains are about to match 40% of my enzc gains and it hasnt even hit half a penny yet...

Make sure you tag me when you find your next sub penny play

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Thighon
02/11/21 9:52:39 AM
#115:


Man I hate not having immediate funds in the market. I wanna buy CELZ and enzc so bad
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Lebronwon
02/11/21 9:53:37 AM
#116:


xXfireglzXx posted...
So, based on Canada's rollout of legalization, this is how I forsee things progressing(There's a reason a ton of Canadian weed stocks were under a dollar a share )

Basically, the sentiment of legalization is fueling a lot of the gains you're seeing right now. A lot of projections as to how many potential customers and revenue can be earned following legalization fueling this surge.

When legalization happens in earnest, things typically take a turn a couple of month afterwards. Canada underestimated both the quality and price of the black market, resulting in a massive oversupply of product. Weed is a commodity with a shelf life, meaning oversupply is both a quantity and quality issue, resulting in a sort of negative cycle where older product results in less customers, which results in older product.

Personally, for American weed stocks, the best time to sell in my opinion would be in the 1-2 months immediately following legalization but before the reality of the logistical nightmare starts to set it. Then buy again after that dip.

This is all speculation, I am not a financial advisor, etc.

Yea. This weed stuff is a ride the hype thing. And it is kinda weird Canadian companies are leading the charge and getting all the attention as if the US doesn't have weed companies. But I have to go with what is making money.

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krazychao5
02/11/21 9:54:00 AM
#117:


Hope some of y'all got into SPG when I mentioned it some time ago. Good dividend stock, and it's been on a tear. Up $15 last 5 days and $5.20 dividend/share.

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Trumpo
02/11/21 9:55:49 AM
#118:


HCMC could reverse split since volume is crszy
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BignutzisBack
02/11/21 9:56:22 AM
#119:


Trumpo posted...
HCMC could reverse split since volume is crszy

Is that good or bad

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Makeveli_lives
02/11/21 9:56:56 AM
#120:


I pulled everything. Lost like 200 in gains this morning lol

Still coming out ahead but damn

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Jaded_Dragon
02/11/21 9:58:27 AM
#121:


Makeveli_lives posted...
I pulled everything. Lost like 200 in gains this morning lol

Still coming out ahead but damn

Me too unfortunately. I actually do like SNDL, they have no debt, but I wasn't watching those gains continue to slip.

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lww99
02/11/21 10:03:30 AM
#122:


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3PiesAndAFork
02/11/21 10:03:48 AM
#123:


Just bought 3 Etherium coins. Transferred my last 50K Doge to another wallet so I can buy Tron and Kusama.

So I made 5x money off Doge, and used that money to buy ADA, LINK, DOT, ETH, TRX, and KSM (the last two when the transfer clears). Also withdrew 5K profits into my bank account.

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NinjaWarrior455
02/11/21 10:04:05 AM
#124:


I just have to accept that watching these stocks fluctuate daily isn't going to do me any good so I'll just watch for any major trends. Most of my stocks are long holds anyways so with the exception of stuff like ENZC watching daily will just stress me out.

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JScriv
02/11/21 10:05:11 AM
#125:


Ooo my MVIS is doing work today. Good ol WMD too.

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littlebro07
02/11/21 10:07:02 AM
#126:


Anyone invested in VSYM?

.0021 right now, market cap $7.7 million, 3.85 billion shares outstanding, 6 month chart shows it shot up recently

idk anything about the company though, just saw a mention of it on the ENZC Facebook page

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Vampire_Wreath
02/11/21 10:07:10 AM
#127:


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#128
Post #128 was unavailable or deleted.
#129
Post #129 was unavailable or deleted.
Tyranthraxus
02/11/21 10:09:02 AM
#130:


This is that correction we said was gonna happen soon lol

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krazychao5
02/11/21 10:09:13 AM
#131:


jeffhardyb0yz posted...
Holy shit hcmc is running! Were fucking running
when buying 100k stonks doesn't feel like enough

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JScriv
02/11/21 10:09:36 AM
#132:


Vampire_Wreath posted...
Anyone holding TLRY? lmfao
No. Makes more sense to hold APHA. The merger should go through, and when it does each APHA share will be worth .81 of a TLRY share. So lots of people are selling off their Tilray for Aphria. But APHA is dipping hard too so

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lww99
02/11/21 10:12:24 AM
#133:


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BignutzisBack
02/11/21 10:14:55 AM
#134:


Oof HCMC is the only thing keeping me barely in the green today

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#135
Post #135 was unavailable or deleted.
lww99
02/11/21 10:17:17 AM
#136:


lww99 posted...
if sndl hits 4, Im out
Maybe even 3.5. I got in for 2.35

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Tyranthraxus
02/11/21 10:17:25 AM
#137:


JScriv posted...
No. Makes more sense to hold APHA. The merger should go through, and when it does each APHA share will be worth .81 of a TLRY share. So lots of people are selling off their Tilray for Aphria. But APHA is dipping hard too so

Fortunately for me I invested in these stocks before they were memes so wild swings like this don't really hurt my long position strategy.

I also just bought a call for GWPH for $240 strike price.

Long calls for GWPH are surprisingly cheap. This one might actually take the whole year to get ITM though.

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Thighon
02/11/21 10:17:58 AM
#138:


Someone stop me from selling my HCMC for more CELZ
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Tyranthraxus
02/11/21 10:18:00 AM
#139:


lww99 posted...
Maybe even 3.5. I got in for 2.35
Buy a put with a $3 strike price.

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lww99
02/11/21 10:22:21 AM
#140:


Tyranthraxus posted...
Buy a put with a $3 strike price.

cdnt buy anymore rn

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littlebro07
02/11/21 10:22:28 AM
#141:


Really wish I could buy OTC without paying fees

that $6.95 could be like 4000 shares

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delvec19
02/11/21 10:22:36 AM
#142:


Fucking Fidelity not letting me enable penny stock trading so I cannot buy HCMC. Everytime I try to call they put me on hold for an hour and then I'm always interrupted somehow. Fuck!

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Despised
02/11/21 10:23:34 AM
#143:


https://www.reddit.com/r/wallstreetbets_/comments/lglehn/grts/?utm_medium=android_app&utm_source=share

So I'm just going to post this, I haven't dug into it myself yet, but I'm giving a heads up to people so they can do their own DD, biotech is my shit normally
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lww99
02/11/21 10:26:13 AM
#144:


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SerenitySays
02/11/21 10:26:19 AM
#145:


Just curious to see if anybody's still in OCGN here.
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BignutzisBack
02/11/21 10:27:59 AM
#146:


God damn it this has been happening to me a lot, I will find a new stock I like, put a limit order for slightly below what it closed at the previous day, only for it to blast off by 20% instead

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Despised
02/11/21 10:29:39 AM
#147:


SerenitySays posted...
Just curious to see if anybody's still in OCGN here.

I stated recently that I was in OCGN a while back, I've got a few shares now again, but the reason I left them is because their stock goes up on news, but ocgn themselves rarely does updates on anything. If they have actually 100% secured distribution in the US then it will fucking literally moon.

If anything falls through in that process, they are worthless.

I am in for like 45 shares in my account, and 5 shares in my roth
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RebelElite791
02/11/21 10:32:28 AM
#148:


Oh thank god SNDL is going up again. Make daddy some money

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lww99
02/11/21 10:36:08 AM
#149:


Yes plsss. Its my most invested stock currently. I really am trying to maximize profit but not miss my chance.

I know thats everyones struggle

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littlebro07
02/11/21 10:37:59 AM
#150:


Alright guys Im gonna buy 50k shares of VSYM tomorrow

wooooo

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BignutzisBack
02/11/21 10:39:11 AM
#151:


littlebro07 posted...
Alright guys Im gonna buy 50k shares of VSYM tomorrow

wooooo

Why

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