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Canada Pot Stocks

Discussion in 'Investing/Trading/Cryptocurrency/Altcoins' started by jasoncuellar123, Oct 18, 2018.

  1. jasoncuellar123
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    jasoncuellar123 I’m probably awake. Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Just curious what Fastlaner's thought are on weed legalization in Canada; how are you cashing in on this boom?
     
  2. Kak
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    Kak Capitalist Swine Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    New investors would fall squarely into the category of dumb money at this point.

    Most of the pot stocks went down yesterday as result of legalization. Probably because it turned from a bitcoin like speculation into a real venture in one day.

    Generally speaking, if random people are talking about the potential of something... the opportunity is usually over.

    I bet nursing homes are a bubble along those lines.
     
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  3. Fox
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    Fox Moderator Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

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    My close friend made x10+ but he got in around two years ago.

    @Kak said it perfectly.
     
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  4. jasoncuellar123
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    jasoncuellar123 I’m probably awake. Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Damn; well said, sir!

    That is why you wear the top hat and monocle.
     
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  5. jasoncuellar123
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    jasoncuellar123 I’m probably awake. Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Maybe I should invest in Dorito's
     
    Last edited: Oct 18, 2018
  6. bringitnow28329
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    bringitnow28329 Bronze Contributor

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    In terms of the stocks you already missed the boat. They already made their move for now because people buy the rumor and then subsequently sell the news, in this case the news date of the legalization was Oct 17. The stocks ran up a ton prior to the news as traders speculated. This is what happens and then the suckers come in to buy the stocks on the actually news date and they get burned.

    Going forward there will be some big winners in these stocks however most are listed on the OTC market here in the US and these are unregulated companies. There are only a handful of listed companies and exchange traded funds so far like CGC, TLRY, CRON, MJ, and GWPH. Now that weed is legal these companies will need to prove they are real companies and can generate profits. Very few if any earn profits right now and there are many of these lower priced penny stocks that are most likely straight up scams so you gotta be careful.
     

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