Cannabis stocks

[Retirein2024]

Does anyone know why there was a "hold" on trading ACBFF this morning? The hold is off now.

 

[tsptalk]

It looks like it is trading on Scottrade?

 

[Retirein2024]

It looks like it is trading on Scottrade?

I'm also on Scott trade but when the market opened there was and H next to the stock and when you clicked on it, it said that there was a hold on trading. It was lifted later in the morning. There was no news about what was happening. Weird.

 

[tsptalk]

CANN is one of those cannabis stocks that has pulled back sharply. Hype fading or opportunity?

I bought some this morning at 5.23 because of the decent risk / reward play. The bear flag broke down and basically, if it gets below 5.00 for more than a couple of days, I'm out. You can see that it is testing that old resistance line, the 50-day EMA, and filled a gap today. If it fails, it will happen quickly. Otherwise...

 

[blackoutcl]

I'm guessing fear based trading with this sector ATM. Infinite room to grow in Canada but even those haven't gained much volume DTD. I'm in quite a few as of today and most are down but I'm staying long and optimistic. PRMCF, EMHTF, LBUY, FFRMF and a few others

 

[blackoutcl]

CRON hit 13 and it sold today for an overall 53% gain (up 110% in Aug). Had the sell order in for months now. Still have FFRMF (down about 60% averaged) and TLRY which is up a few hundred % since I bought in July. Sold every other cannabis stock off for good gains.

 

[tsptalk]

Pot stocks are soaring again with Tilray surging 40% in early trading

Canadian marijuana producer Tilray again posted double-digit gains Wednesday as comments from the company's chief executive ushered shares even higher.

The stock added 40 percent in early trading and has now tripled in value in September. Rivals Canopy Growth and GW Pharmaceuticals rose 5 percent and 3 percent, respectively.

https://www.cnbc.com/2018/09/19/mar...her-40percent-as-cannabis-stocks-blossom.html


https://www.cnbc.com/2018/09/18/til...t-great-hedge-for-alcohol-drug-companies.html

 

[blackoutcl]

This is nuts, I'm up about 600% now. Trying to find the top. No idea how much further this can go.

 

[tsptalk]

CRON (Cronos Group) should be up about 35% at the open after a partial (35%) buy out from Altria.

 

[bmneveu]

I don't know much about this space. Which tickers are worth looking into?

 

[tsptalk]

You can look back to see some of the symbols, but off the top of my head, some of the more popular ones mentioned:

TLRY
CRON
CGC
SPRWF


This link may work and has several other options...

https://finance.yahoo.com/u/yahoo-finance/watchlists/420_stocks?.tsrc=fin-srch

 

[wavecoder]

Haha this sector is risky but I remember playing CBDS when Gary Johnson was running for president, it was a 120% play in just a couple weeks :nuts:

 

[tsptalk]

This cannabis stocks, Aurora, has been consolidating nicely, and looks primed for move to $10 - $11.

Full disclosure... I own it and bought more this morning after yesterday's reversal and gap fill.

 

[tsptalk]

Why the cannabis industry has stalled for more than a year: Morning Brief

To say the cannabis industry has gone nowhere over the last year and a half might be a generous assessment.

In 2019, the sector dropped 32%, against an increase of 29% for the S&P 500, according to data from Stifel. And so during a year in which investors could "throw a dart" and make money, the cannabis sector lost around a third of its value.

More ... https://finance.yahoo.com/news/why-...more-than-a-year-morning-brief-110356644.html

 

[tsptalk]

Pop! Goes the pot stocks.

 

[tsptalk]

The pot stocks are getting high again.

 

[rangerray]

I was just looking at a few of these today, and I know a lot of us have been told we shouldn't be holding positions in these companies if we're government employees, but it sure seems like some money to be made there. For anybody that can, Do you think it's too late to get in on these stocks? I mean, I figure if legalization continues, possibly at the federal level too, shouldn't these stocks continue rising?

However, when Canada legalized it didn't really do much.

Managers Trust ETFMG Alternative Harvest looks like a great ETF to be invested in today.

 

[tsptalk]

Looks like they are giving you an opportunity today. The short squeezers are either taking profits, or the shorts are pounding it again.

It was trading in the 70's last night in after hours. I picked up a few here in the mid-40's (45) where the gap was filled and see where it takes me. Unfortunately the stop area should probably be below the open gap at 30, but that's a little too steep.

Don't try this at home.

 

[tsptalk]

Don't try this at home.

I shouldn't have tried to do it either. I'm getting out already as it just fell below $40. Maybe I'll revisit near $30.

 

[rangerray]

I know a guy that just bought MJ for 26.27