The StoNks thread

[Jibartik]

Im just eating crayons waiting for elon to tweet.

[Jibartik]

elon tweeted and now dodge going down the tubes is the run on it over?


he is going to get in so much trouble for market manipulation sometime soon I just know it.

[Knuckle]

i went heavy into MMED recently.... psychoactive mental treament is on the horizon. the next weedstocks frontier.

[Gustoo]

What weed stocks were successful? I thought all the canadian IPO's tanked.

Psychoactive medical treatment is definitely on the horizon though. I agree.

[Knuckle]

Originally Posted by Gustoo [You must be logged in to view images. Log in or Register.]

What weed stocks were successful? I thought all the canadian IPO's tanked.

Psychoactive medical treatment is definitely on the horizon though. I agree.

if you just got into weed stocks recently yeah, alot of them were penny stocks in the $$$'s now from 5 years back. Magic Mushroom/LSD/etc that type of treatment is on the cusp of being legalized and becoming a valid prescription therapy in the next 1-10 years. Could be accelerated by legalization of marijuana resulting in a more optimistic timeline. Plus Reddit has some eyes on this stuff which can artifically inflate.

[bubur]

lol i bought weed stocks the other day thinking i was clever and that itd be legalized soon

didnt realize it was becoming a meme stock. they lost 25% today. guess ima be hodling on to these for a loong long time boys

[Knuckle]

Originally Posted by bubur [You must be logged in to view images. Log in or Register.]

lol i bought weed stocks the other day thinking i was clever and that itd be legalized soon

didnt realize it was becoming a meme stock. they lost 25% today. guess ima be hodling on to these for a loong long time boys

I think weedstocks can still fit someones portfolio, depending how young/old you are and your finances, theres nothing to say that federal regulations lifted wouldnt skyrocket a large chunk of t hose stocks. I'll probably try to pick something thats hovering in the $1-$5 range and pick up a few hundred to gamble with.

[bubur]

how bout pfizer tho,

they had a bad drug trial completely unrelated to covid bring them down but everyone forgetting that they were one of the first on the street for the vaccine; regardless of what you think of it, they are going to be hitting big contracts for that for the next several years

down low today, i bought a handful

[imperiouskitten]

yeah unfortunately pot stocks are very microcap and very memey. I am dead scared of them because I tend to assume they are all overvalued. These are all local dudebros who get their community to invest in them as well as take it public. Easy to run in to inflated prices. Pot competition is also very tight at least up here, retail locations do make a killing because of limited licensing/etc but most growers are totally at the mercy of the retail end if they aren't vertically integrated. The only successful pot baron I know got there by being a Seattle jew with a pre-existing alliance to the blacks clique in city council that got him licenses for a bunch of locations. among the less fortunate I've seen like a thousand bags of 30lbs of weed going in the trash because there is nobody to sell to and I guess the stuff rots. Also a family sized pizza box filled with stacked sheets of concentrate, the box weighed like 10lbs lol

It's like Warren Buffett says. If you don't know what the hell is up with a market at all, don't mess with it. So far as I'm concerned pot market is so oversaturated, and stocks are still so dependent on the whim of the state that there's no way I could keep up with them and react timely to arcane news.

[Knuckle]

Originally Posted by imperiouskitten [You must be logged in to view images. Log in or Register.]

yeah unfortunately pot stocks are very microcap and very memey. I am dead scared of them because I tend to assume they are all overvalued. These are all local dudebros who get their community to invest in them as well as take it public. Easy to run in to inflated prices. Pot competition is also very tight at least up here, retail locations do make a killing because of limited licensing/etc but most growers are totally at the mercy of the retail end if they aren't vertically integrated. The only successful pot baron I know got there by being a Seattle jew with a pre-existing alliance to the blacks clique in city council that got him licenses for a bunch of locations. among the less fortunate I've seen like a thousand bags of 30lbs of weed going in the trash because there is nobody to sell to and I guess the stuff rots. Also a family sized pizza box filled with stacked sheets of concentrate, the box weighed like 10lbs lol

It's like Warren Buffett says. If you don't know what the hell is up with a market at all, don't mess with it. So far as I'm concerned pot market is so oversaturated, and stocks are still so dependent on the whim of the state that there's no way I could keep up with them and react timely to arcane news.

Maybe some of the real big retail ones are a safe bet, as they are already stable in X Y Z markets, and probably have more deals lined up if feds remove the tape?