Marijuana Stocks?

[tctang75]

Re: Shame on you again

Of course it's a gamble whichever way you go, but the more heavily traded, recently, are HEMP, CBIS, MJNA, and PHOT today. Obviously, these past few days have been booming for HEMP. Today, CBIS shot up another 20% at the close, to 31% on the day. I'd expect bad days with the good, and one must be able to sleep with the down swings. My attitude is that the other stuff is serious, pot stocks are just for fun!

 

[amoeba]

Boom - HEMP is worthless

BOOM! HEMP is on the move. Just .04 a couple weeks ago. Trading at 0.32 today.

4 employees; $1,000 income vs. $16 million in expenses; trading on the basis of a catchy symbol (to you, I could care less) isn't sound investing. It just means there are a fair number of uninformed investors - this may continue for a bit; but in the end. It's no Boom; more like a flash and then nothing - as in your money disappearing.

 

[tctang75]

Re: Boom - HEMP is worthless

Very well might be right! I'm taking my $1,100 winnings today and buying two shares of AAPL tomorrow.

 

[JTH]

Re: Boom - HEMP is worthless

4 employees; $1,000 income vs. $16 million in expenses; trading on the basis of a catchy symbol (to you, I could care less) isn't sound investing. It just means there are a fair number of uninformed investors - this may continue for a bit; but in the end. It's no Boom; more like a flash and then nothing - as in your money disappearing.

View attachment 27072

 

[WorkFE]

Re: Shame on you again

Some things you ride up and down because it is an investment play that pays cash money quarterly, annually etc. Others are strictly appreciative value plays. Every stock has the ability to burn regardless of price and name.

 

[amoeba]

Re: Shame on you again

Of course it's a gamble whichever way you go, but the more heavily traded, recently, are HEMP, CBIS, MJNA, and PHOT today. Obviously, these past few days have been booming for HEMP. Today, CBIS shot up another 20% at the close, to 31% on the day. I'd expect bad days with the good, and one must be able to sleep with the down swings. My attitude is that the other stuff is serious, pot stocks are just for fun!

pot stock is for dopers; look at the financials; look at the insider trading; CBIS is another loser, you just can't depend on stupid people to stay that way forever - especially when they're losing 10% per day, such as has occurred since your post. Doesn't sound like fun to me.

 

[burrocrat]

On a serious note, E-cigarette sells will skyrocket once they start mass producing THC atomizer cartridges to fit them. Take a few hits, change cartridges, and then have a cig.

i think you're onto something there. i tried those e-smokes yesterday and it's not a half bad solution for delivering nicotine through familiar mechanical habit in a less physically harmful manner. whoever comes out with a magic cannaboil cartidge is going to get filthy stinkin rich.

 

[burrocrat]

Re: Shame on you again

ok, i bought my tickets for the party train today. i sold a few etf shares commission free and added to my cash balances to purchase 1,000 shares of MJNA for my brokerage and 1,000 shares of CBIS for my roth ira. i'm so excited, i've never owned 1,000 shares of anything ever in my life. and i'm pretty sure folks ain't gonna quit smoking pot.

as far as the moral decision, it was pretty easy to justify. i'm pretty big on the individual freedom thing. i don't really care if folks want to own guns or marry their same sex cousin or live and die buried in cocaine and hookers, that's their business and not for me to judge. quite frankly, if they sold shares of BLOW and HO i probably would've bought those if i could afford them instead, those two things are practically recession proof and never go out of style so i don't see any problem. truth be told, if i end up burning in hell it will be for way worse than pimping a little weed on the stock market so it's a moot point. besides, hustling equities online sure beats selling dime bags on the corner to kids lying to their parents and cutting class or errant spouses hiding cash transactions from their mate, i just feel better about the whole idea now that it's legal and traded openly in established legitimate markets.

i tried to pick companies that either work on the medical/pharmacuetical side because they will be the ones to soonest profit with a successful formula for the e-cig stoner oil cartridges, or else companies with uhh, uhhh, i forget why i picked the other one, but it was good sh*t.

now to sit back and let the riches roll in.

 

[burrocrat]

ok, for the record:

i bought MJNA @ $0.329 x 1k shares + 8.95 commission so that equals... um whatever the hell that equals.
i also bought CBIS @ $0.1935 x 1k shares + 8.95 commission so that equals... um whatever the hell equals too. that's what they call basis i think. i only make investments when i can answer 3 questions, what, why, and when. i know this is not a political thread so just hold your horses, but my reasoning for the trades goes something like this:

what: pot.

why: because people like to smoke it and they ain't gonna stop. plus 20+ states have said ok smoke it for medical reasons and 2 states have said smoke it for fun, the banks have convinced the fed to allow legal reported transactions so they can get their piece of the pie, and the gov has indicated from the executive on down that it will voluntarily not be prosecuted because well prosecuting would result in a disproportionaare cohort of the downtrodden to be prosecuted for prosecutorial offenses and that's not fair.

when: i expect these pot bets to be 10 baggers at least in about 4 years. the current potus has 2-1/2 of years left to reign and if this keeps up by then even the rebuplicans will be jonesing for any thing to smoke to allleviate their internal pain, and another 1-1/2 years of the obvious ms. clinton democratic replacement will have any remaining 47%'ers wishing they were high.

so i consider the legalized pot a growth industry. and i'm gonna cash in on it.

 

[ILoveTDs]

Re: Shame on you again

Beware 'hot' stock tips on marijuana businesses, experts warn | KSL.com

 

[CrabClaw]

Bought 10,000 shares CBIS the other day at $.173. Plan to hold it for awhile as a fun, speculative play. Burrocrat summed it up nice:

"what: pot.

why: because people like to smoke it and they ain't gonna stop. plus 20+ states have said ok smoke it for medical reasons and 2 states have said smoke it for fun, the banks have convinced the fed to allow legal reported transactions so they can get their piece of the pie, and the gov has indicated from the executive on down that it will voluntarily not be prosecuted because well prosecuting would result in a disproportionaare cohort of the downtrodden to be prosecuted for prosecutorial offenses and that's not fair.

when: i expect these pot bets to be 10 baggers at least in about 4 years. the current potus has 2-1/2 of years left to reign and if this keeps up by then even the rebuplicans will be jonesing for any thing to smoke to allleviate their internal pain, and another 1-1/2 years of the obvious ms. clinton democratic replacement will have any remaining 47%'ers wishing they were high.

so i consider the legalized pot a growth industry. and i'm gonna cash in on it. "

 

[burrocrat]

Bought 10,000 shares CBIS the other day at $.173. Plan to hold it for awhile as a fun, speculative play. Burrocrat summed it up nice:

"what: pot.

why: because people like to smoke it and they ain't gonna stop. plus 20+ states have said ok smoke it for medical reasons and 2 states have said smoke it for fun, the banks have convinced the fed to allow legal reported transactions so they can get their piece of the pie, and the gov has indicated from the executive on down that it will voluntarily not be prosecuted because well prosecuting would result in a disproportionaare cohort of the downtrodden to be prosecuted for prosecutorial offenses and that's not fair.

when: i expect these pot bets to be 10 baggers at least in about 4 years. the current potus has 2-1/2 of years left to reign and if this keeps up by then even the rebuplicans will be jonesing for any thing to smoke to allleviate their internal pain, and another 1-1/2 years of the obvious ms. clinton democratic replacement will have any remaining 47%'ers wishing they were high.

so i consider the legalized pot a growth industry. and i'm gonna cash in on it

sheet dude, you plunked down 1.7 large? crabclaw's got a big sack.

 

[law87]

Re: Shame on you again

I'm gonna put 1000 spread into these company, keep it for 30 years...I wonder if I make it big lol...seriously how is Weed stock not being bought up? they're like the Apple stock of tech world.

 

[CrabClaw]

sheet dude, you plunked down 1.7 large? crabclaw's got a big sack.

if your going to be a bear, might as well be a grizzly

percentage wise, this is not much of my account and if it does pop I want enough invested to actually make some money. If it does not pop 1.7 large is not that big of a deal to me.

I could see these jumping as we get closer to elections.

 

[Intrepid_Timer]

Re: Not up to States, or voters.

Just found out the US holds a patent on the synthetic form of Cannabis. Go figure..........................

United States Patent: 6630507

 

[Intrepid_Timer]

Re: Not up to States, or voters.

Here is a shirt all you guys can buy to go with those marijuana stocks.

US Patent 6630507 PROOF Marijuana is Medicinal Shirt from Zazzle.com

 

[burrocrat]

Re: Not up to States, or voters.

Here is a shirt all you guys can buy to go with those marijuana stocks.

US Patent 6630507 PROOF Marijuana is Medicinal Shirt from Zazzle.com

at $32.95 that zazzle shirt is worth 175 shares of CBIS or 100 shares of MJNA, not counting shipping/handling or comission fees.

no thanks, i'll buy the hemp not the cotton. at least the hemp has a chance to appreciate in value. i can't imagine a scenario where somebody would want to buy my used tshirts.

 

[amoeba]

It's not an election issue, and it won't ever be up to voters to decide science.

if your going to be a bear, might as well be a grizzly

percentage wise, this is not much of my account and if it does pop I want enough invested to actually make some money. If it does not pop 1.7 large is not that big of a deal to me.

I could see these jumping as we get closer to elections.

How is it that an election will produce knowledge among voters as to the pharmacological, medical, and health factors associated with a chemical substance?

answer: nothing - this isn't about the will of the people, it is about science.....there's nothing of medical, food, or other value in the psychoactive chemicals in the marijuana plant. It is worthless....as will be your stock....

The doper in chief Obama, and perhaps his party, have to eat the stupidity of his policy come elections.

As to the legal point of trading on a stock that markets (or purports to market) illegal substances - - - my bet it is not legal to even trade these stocks, but the SEC has bigger fish to fry. Unless this one gets bigger - - - and then it will be fried. As will your investment.

 

[CrabClaw]

Re: It's not an election issue, and it won't ever be up to voters to decide science.

How is it that an election will produce knowledge among voters as to the pharmacological, medical, and health factors associated with a chemical substance?

answer: nothing - this isn't about the will of the people, it is about science.....there's nothing of medical, food, or other value in the psychoactive chemicals in the marijuana plant. It is worthless....as will be your stock....

The doper in chief Obama, and perhaps his party, have to eat the stupidity of his policy come elections.

As to the legal point of trading on a stock that markets (or purports to market) illegal substances - - - my bet it is not legal to even trade these stocks, but the SEC has bigger fish to fry. Unless this one gets bigger - - - and then it will be fried. As will your investment.

we'll see

 

[burrocrat]

Re: It's not an election issue, and it won't ever be up to voters to decide science.

How is it that an election will produce knowledge among voters as to the pharmacological, medical, and health factors associated with a chemical substance?

answer: nothing - this isn't about the will of the people, it is about science.....there's nothing of medical, food, or other value in the psychoactive chemicals in the marijuana plant. It is worthless....as will be your stock....

The doper in chief Obama, and perhaps his party, have to eat the stupidity of his policy come elections.

As to the legal point of trading on a stock that markets (or purports to market) illegal substances - - - my bet it is not legal to even trade these stocks, but the SEC has bigger fish to fry. Unless this one gets bigger - - - and then it will be fried. As will your investment.

when my pot stocks take off i'm going to buy ameoba a hooka, maybe he'll chill out some.

mr. amoeba: the president of the united states smokes pot, and he has instructed the attorney general not to prosecute minorities that smoke pot, therefore smoking pot is now legal.

and trading equities based on pot is way more less illegal than selling pot. and the president has authorized the fdic to allow financial institutions to make money caretaking the profits of selling pot. and we are a republic based on the collective will of the people as expressed at the state level. and if that don't work then we are a democracy. no matter how bad you want something to be so, you can't decree something should be so just because agencies and beaurocrats say it should be so. if that were true i would make bras and and any clothing above the waist illegal. i think it would be better for everyone concerned if folks were allowed to make their own choices, not mandate which pot they can smoke or which top they can't wear.

quit being such a boob you dang buzzkill.