Marijuana Stocks?

[burrocrat]

oh man, i have a feeling pot stocks are going to take off tomorrow. but i'm broke, or fully invested if you prefer. except for tsp, which i'm afraid to invest in just in case yellen, lew, or long get any bright ideas for my money.

this sucks, it's like high school all over again, if i had any money left i would buy more weed.

 

[GUCHI]

i checked the 2 mentioned weed stocks on the SEC and they were not listed. any concerns there? also i saw a warning on tv about a lot of advertising of weed that would be pump and dump. any concerns here? i want to buy some stock just don't know what is legitimate and what is not. i would like to get in on the .34 cent range before it moves out of my price range. thanks john

 

[burrocrat]

oh man, these stoner stocks are unpredictable.

cbis in my roth dumped -5.77% yesterday, but mjna in my brokerage was up +1.38%.

i was all like, wtf, dude?

 

[bmneveu]

I want to get in on some of these for a long term hold. I think these stocks can bring in some serious gains over the next few years. But which ones?

I found this.. Marijuana Stocks | Marijuanaindex.org | Stock Performance & News

It says the index ticker is ^MMJ, but I can't seem to find it. I would be more comfortable investing in an index than individual companies at this point.

 

[RealMoneyIssues]

I want to get in on some of these for a long term hold. I think these stocks can bring in some serious gains over the next few years. But which ones?

I found this.. Marijuana Stocks | Marijuanaindex.org | Stock Performance & News

It says the index ticker is ^MMJ, but I can't seem to find it. I would be more comfortable investing in an index than individual companies at this point.

You can't trade indexes... I mean, no disrespect intended, but can you buy the S&P 500 Index?

 

[Khotso]

I want to get in on some of these for a long term hold. I think these stocks can bring in some serious gains over the next few years. But which ones?

I found this.. Marijuana Stocks | Marijuanaindex.org | Stock Performance & News

It says the index ticker is ^MMJ, but I can't seem to find it. I would be more comfortable investing in an index than individual companies at this point.

Wow! Thanks! Seeking Alpha had a pretty good article on marijuana stocks this morning. IMO, there's no question this is a huge growth industry. But it definitely will have its ups and downs ... As well as winners and losers unfortunately. I'm going to invest in in marijuana somewhere, but I plan to do a lot of studying first.

 

[Khotso]

[QUOTEOriginally Posted by bmneveu ]I want to get in on some of these for a long term hold. I think these stocks can bring in some serious gains over the next few years. But which ones?

I found this.. Marijuana Stocks | Marijuanaindex.org | Stock Performance & News

It says the index ticker is ^MMJ, but I can't seem to find it. I would be more comfortable investing in an index than individual companies at this point.
[/QUOTE]

You can't trade indexes... I mean, no disrespect intended, but can you buy the S&P 500 Index?

Wait a while. A Vanguard marijuana index fund (VMJIX) --- I can see it now.:cheesy:

 

[RealMoneyIssues]

Wait a while. A Vanguard marijuana index fund (VMJIX) --- I can see it now.:cheesy:

Absolutely, but there isn't an ETF or MF or anything right now that I could find...

Like you said, give it time :nuts:

 

[jpcavin]

Re: Not up to States, or voters.

This was an interesting read An ETF for Pot Stocks ? Wall St. Sector Selector

 

[bmneveu]

You can't trade indexes... I mean, no disrespect intended, but can you buy the S&P 500 Index?

The C Fund!

 

[RealMoneyIssues]

The C Fund!

You are not buying the index, you are buying something that TRACKS the index. Just like SPY, it "tracks" with the S&P-500. I am sure there are other S&P500 tracking ETFs, but that is the one I watch.

DIA for the DJIA
QQQ for the NASDAQ100

 

[Khotso]

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

Hmmm ... beware!

First pot-stock billionaire says shares are a tad high
By Nathan Vardi, Forbes Staff

Bart Mackay's holdings in CannaVest, a hemp-based investment firm, have skyrocketed in the past year. But he admits 'there is probably a bubble' in the industry. Mackay is the first pot-stock billionaire. Mackay's holdings in CannaVest (CANV -27.34%), which bills itself as the world's leading hemp-based investment company, are valued at $1.8 billion.

CannaVest’s most up-to-date books show $10.7 million of assets. For the nine months ending Sept. 30, 2013, the last time period for which CannaVest reported financials, revenues were $1.35 million and losses were $28.4 million. Mackay concedes these fundamentals don't really support a sky-high stock valuation.

"What you have here is in some ways, in my mind, a perfect storm where for some reason marijuana stocks are getting some probably under normal reasonable terms outlandish valuations," says Mackay.

Also in the article: The Financial Industry Regulatory Authority warned investors back in August about marijuana stock scams, saying "the con artists behind marijuana stock scams may try to entice investors with optimistic and potentially false and misleading information that in turn creates unwarranted demand for shares of small, thinly traded companies that often have little or no history of financial success."
The First Pot Stock Billionaire Says His Penny Stock Could Be A Little High - Forbes

 

[bmneveu]

Marijuana stocks have come back down to earth over the last month. Good call Khotso!

But pot stocks had a huge day yesterday. It might have had something to do with this..

Marijuana Stocks | Marijuanaindex.org | Stock Performance & News

 

[dhstdog]

PHOT up in smoke. Halted. Be careful with the penny stocks.

 

[WorkFE]

This is not distinctive to Marijuana stocks as many have jumped on the band wagon of bashing. Penny Stocks more so but stocks overall have associated risk, just ask pre-2009 GM stock owners. That is why your portfolio should be balanced to fit your risk appetite.

 

[Bullitt]

Marijuana stocks are back on the menu with the election. With a Biden win some say Americans will be as high as Canadians before you know it.

Marijuana will likely be legalized to some degree in the next four years regardless of who gets in. Most marijuana stocks trade on the pink sheets because they can't trade on a real exchange. Many think that once it's legal and more of these companies trade on the NYSE, big money will flood into them. There's more to it than that. Many of those Canadian growers are having a tough time turning a profit despite it being legal for almost three years now.

Aurora Cannabis, down some 98% in the past year. Canopy down some 50%. Neither of these were penny stocks either.

 

[rangerray]

In my opinion, it won't be a lucrative market for the average investor until marijuana is descheduled at the Federal level in the United States. Secondly, it's foolish for Republicans to latch on to the notion that legalization, of medical or recreational, is a partisan issue.