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(News.com.au)   Marijuana stocks considered best investment of the next decade. Far out, man   (news.com.au) divider line 45
    More: Interesting, penny stocks  
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1421 clicks; posted to Business » on 12 Apr 2014 at 4:19 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



45 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest
 
2014-04-12 04:33:52 PM  
Buy low, sell high?
 
2014-04-12 05:02:22 PM  
Only a matter of time before big corporations buy up all of the little guys, once federal law changes.

Whoever can guess who the companies are that will be acquired stands to make a lot of money.
 
2014-04-12 05:05:23 PM  

cyberspacedout: Buy low, sell high?


For a bag of Doritos.
 
2014-04-12 05:18:47 PM  
Are there any public companies that sell pot?

BRB, need to RTFA and make a crap ton of money.
 
2014-04-12 05:20:53 PM  
Still a Federal crime, still no one will help you sell your shares or IPO your company. They'll touch that like they'll touch your "Who wants buy half my mob assassination franchise?" search for investors.
 
2014-04-12 05:25:24 PM  

Rand's lacy underwear: Still a Federal crime, still no one will help you sell your shares or IPO your company. They'll touch that like they'll touch your "Who wants buy half my mob assassination franchise?" search for investors.


Right now all of the the marijuana stocks I've checked are actually staying away from investing directly in the marijuana production itself to be safe. If you look at stocks like the aptly-named MJNA, you'll find that they're actually investing in dispensers, the legal parts of edibles, related technology for future production, etc - they're never invested in the grow operations themselves. BUT, it sets them up to be the initial wave of investment portfolios dedicated to the industry, so they still might be a smart buy if/when legalization happens. Bonus: right now, they're penny stocks for the most part, so you can snatch up quite a bit without a huge risk.
 
2014-04-12 05:30:25 PM  
I am pretty heavy into ERBB and LATF. The sector has been murdered in the past week. I loaded up on more.
 
2014-04-12 05:30:40 PM  

Cold soup: Only a matter of time before big corporations buy up all of the little guys, once federal law changes.

Whoever can guess who the companies are that will be acquired stands to make a lot of money.


It will be interesting to see how it goes.  I've only been to 2 different weed shops.  One of those seems highly disorganized and could probably benefit from some corporate cash.  FFS, they hand-write receipts and total the amount on calculators.  And the second time I went there, the smell of pot almost knocked me to the ground as soon as I opened my door.

The other place was more interesting though.  It was in a crappy part of town like the other place and they had a big fat guy checking IDs at the door.  But then you get in and it's got a nice atmosphere and 2 good looking girls and some guy behind the counters and I'm the only customer in the store.  I was overwhelmed for a few seconds, but then I approached one of the counters with a girl and she was friendly and helpful and knowledgeable about the product.

That's where I want to buy my pot.

I guess if it were legal nationwide and at the federal level too, Wal-Mart might sell it. And there are probably people who would buy it there, but a lot of stoners can be worse than beer snobs when it comes to the bud they smoke.

It's funny.  Back when I started smoking pot, people would have laughed if you asked them what kind it was.  Yeah, it's Acupulco Gold Blueberry AK-47 Diesel, man!

Whatever.    I still say whatever.  I've got some "Moonwalk" and some "FLO".  I love the descriptions they make up for this.  "Uplifting, Happy, Euphoric, & thought provoking Sativa plus the body medicine of the Indica.  Relaxed, Sleepy, MS, Pain, Anti-Anxiety, Nausea, Headache, Hungry."

Wait, this is supposed to give me a headache?  It's not.

That's the FLO.  The Moonwalk is good for glaucoma (and other things) - no scientific studies cited of course.

All I know is they get you high!  Yeehaw!
 
2014-04-12 05:37:43 PM  
Got into this about 3 months ago and basically all of our unrealized gains have gone done the crapper in the past week and a half.  Good time to buy low.
 
2014-04-12 06:04:01 PM  
The sandwich heavy portfolio pays off for the hungry investor
 
2014-04-12 07:43:45 PM  

Somaticasual: Rand's lacy underwear: Still a Federal crime, still no one will help you sell your shares or IPO your company. They'll touch that like they'll touch your "Who wants buy half my mob assassination franchise?" search for investors.

Right now all of the the marijuana stocks I've checked are actually staying away from investing directly in the marijuana production itself to be safe. If you look at stocks like the aptly-named MJNA, you'll find that they're actually investing in dispensers, the legal parts of edibles, related technology for future production, etc - they're never invested in the grow operations themselves. BUT, it sets them up to be the initial wave of investment portfolios dedicated to the industry, so they still might be a smart buy if/when legalization happens. Bonus: right now, they're penny stocks for the most part, so you can snatch up quite a bit without a huge risk.


How'd you do your research? Websites, magazines? I don't care what stocks you recommend, but just finding out what stocks are available has been difficult. Granted, I'm just getting into penny stocks anyway, so I'm a little newbish, but any advice would be appreciated.

/veteran long-term investor, so I know what risks are involved; just need a point in the right direction to get information
 
2014-04-12 08:05:09 PM  

Peki: Somaticasual: Rand's lacy underwear: Still a Federal crime, still no one will help you sell your shares or IPO your company. They'll touch that like they'll touch your "Who wants buy half my mob assassination franchise?" search for investors.

Right now all of the the marijuana stocks I've checked are actually staying away from investing directly in the marijuana production itself to be safe. If you look at stocks like the aptly-named MJNA, you'll find that they're actually investing in dispensers, the legal parts of edibles, related technology for future production, etc - they're never invested in the grow operations themselves. BUT, it sets them up to be the initial wave of investment portfolios dedicated to the industry, so they still might be a smart buy if/when legalization happens. Bonus: right now, they're penny stocks for the most part, so you can snatch up quite a bit without a huge risk.

How'd you do your research? Websites, magazines? I don't care what stocks you recommend, but just finding out what stocks are available has been difficult. Granted, I'm just getting into penny stocks anyway, so I'm a little newbish, but any advice would be appreciated.

/veteran long-term investor, so I know what risks are involved; just need a point in the right direction to get information


Seconded.

I've blown $50 on Kickstarter and Steam without any problem. I would be willing to gamble 100 shares of 50 companies on the off-chance that one turns into a winner.
 
2014-04-12 08:15:21 PM  

Peki: Somaticasual: Rand's lacy underwear: Still a Federal crime, still no one will help you sell your shares or IPO your company. They'll touch that like they'll touch your "Who wants buy half my mob assassination franchise?" search for investors.

Right now all of the the marijuana stocks I've checked are actually staying away from investing directly in the marijuana production itself to be safe. If you look at stocks like the aptly-named MJNA, you'll find that they're actually investing in dispensers, the legal parts of edibles, related technology for future production, etc - they're never invested in the grow operations themselves. BUT, it sets them up to be the initial wave of investment portfolios dedicated to the industry, so they still might be a smart buy if/when legalization happens. Bonus: right now, they're penny stocks for the most part, so you can snatch up quite a bit without a huge risk.

How'd you do your research? Websites, magazines? I don't care what stocks you recommend, but just finding out what stocks are available has been difficult. Granted, I'm just getting into penny stocks anyway, so I'm a little newbish, but any advice would be appreciated.

/veteran long-term investor, so I know what risks are involved; just need a point in the right direction to get information


Honestly, mostly by aggregating marijuana stock lists and sorting out which are just obvious pump-and-dump stocks and which might hold actual value... Granted, you kinda of have to be careful with those same lists since a lot are published with pumping in mind..
 
2014-04-12 10:01:32 PM  
to those people who say legalizing drugs won't end cartel and gang violence,

i say


where is your Al Capone now?


/get a farking grip
//i'll still buy illegally before i give a hypocritical government a cent
///remember when gambling was illegal til the govt realized they could scam you instead?
 
2014-04-12 11:00:18 PM  

gfid: Cold soup: Only a matter of time before big corporations buy up all of the little guys, once federal law changes.

Whoever can guess who the companies are that will be acquired stands to make a lot of money.

It will be interesting to see how it goes.  I've only been to 2 different weed shops.  One of those seems highly disorganized and could probably benefit from some corporate cash.  FFS, they hand-write receipts and total the amount on calculators.  And the second time I went there, the smell of pot almost knocked me to the ground as soon as I opened my door.

The other place was more interesting though.  It was in a crappy part of town like the other place and they had a big fat guy checking IDs at the door.   But then you get in and it's got a nice atmosphere and 2 good looking girls and some guy behind the counters and I'm the only customer in the store.  I was overwhelmed for a few seconds, but then I approached one of the counters with a girl and she was friendly and helpful and knowledgeable about the product.

That's where I want to buy my pot.

I guess if it were legal nationwide and at the federal level too, Wal-Mart might sell it. And there are probably people who would buy it there, but a lot of stoners can be worse than beer snobs when it comes to the bud they smoke.

It's funny.  Back when I started smoking pot, people would have laughed if you asked them what kind it was.  Yeah, it's Acupulco Gold Blueberry AK-47 Diesel, man!

Whatever.    I still say whatever.  I've got some "Moonwalk" and some "FLO".  I love the descriptions they make up for this.  "Uplifting, Happy, Euphoric, & thought provoking Sativa plus the body medicine of the Indica.  Relaxed, Sleepy, MS, Pain, Anti-Anxiety, Nausea, Headache, Hungry."

Wait, this is supposed to give me a headache?  It's not.

That's the FLO.  The Moonwalk is good for glaucoma (and other things) - no scientific studies cited of course.

All I know is they get you high!  Yeehaw!


In a headshop in Seattle, two absolutely drop-dead gorgeous girls insisted to a friend of mine and I that their shop was the best because they didn't just hire hot girls to bring in customers.
 
2014-04-12 11:08:56 PM  
To quote Brooklyn Nine-Nine, "Drugs don't need pushing, they push themselves; people really like drugs!"
 
2014-04-12 11:21:40 PM  
I'm not sure where to go with this at the moment.  Obviously they use lighting equipment, but the lighting laws are making anything from 5 years ago obsolete, and replacement bulbs aren't going to be available.  OTOH, buying stock in newer LED companies is very difficult.  Old line light bulb companies like GE and Philips offer high (lol) end products, but are getting under sold by Chinese knockoffs left and right.  And in the end, light bulbs and related equipment should be fairly long lasting and the big money is in the weed itself.  Or in security firms, like Loomis.  Or shopping malls or something.
 
2014-04-12 11:30:29 PM  
As long as you don't get a harsh waiting on your high.
 
2014-04-12 11:37:52 PM  
upload.wikimedia.org
 
2014-04-12 11:42:03 PM  

Earl Green: Got into this about 3 months ago and basically all of our unrealized gains have gone done the crapper in the past week and a half.  Good time to buy low.


And then sell...high, right?

/puff puff, pass the portfolio
 
2014-04-13 12:52:40 AM  

Somaticasual: Honestly, mostly by aggregating marijuana stock lists and sorting out which are just obvious pump-and-dump stocks and which might hold actual value... Granted, you kinda of have to be careful with those same lists since a lot are published with pumping in mind..


The highlighted parts? Parts I'm ignorant about, and I'm talking stupid questions too.  How do you find a stock list with pot stocks on it (I've looked at one or two websites, and both times the user interface was horrendous)? How do you spot a pump-and-dump? (Yes, I do know what that is referring to, but don't know what they look like) So on and so forth. . .

EIP if you'd rather. Like I said, I'm actually serious and already playing around with penny stocks a little. I just don't have a reference guide for pennies like I do for long stocks (Peter Lynch), so I'm flying a little more blind than I'm comfortable with, but it's small change so it's also money I can fly blind with and afford to crash.
 
2014-04-13 12:58:27 AM  
I'm getting a kick out of this as I just bought a weed stock on Friday: RFMK. My reasoning is that 4/20 (April 20th) is coming up in a week and these types of companies should get a bump. Also, my thought is that if a weed measure makes it to the ballot in California this November, it'll get a huge bump - especially if it passes. I figured I'd throw a little money at a stock that was trading at less than half of a penny per share. RFMK.
 
2014-04-13 01:07:23 AM  

Cold soup: Only a matter of time before big corporations buy up all of the little guys, once federal law changes.

Whoever can guess who the companies are that will be acquired stands to make a lot of money.



If a big corporation takes over and starts making shiatty weed, people will just grow their own weed.
 
2014-04-13 01:24:05 AM  

Peki: Somaticasual: Rand's lacy underwear: Still a Federal crime, still no one will help you sell your shares or IPO your company. They'll touch that like they'll touch your "Who wants buy half my mob assassination franchise?" search for investors.

Right now all of the the marijuana stocks I've checked are actually staying away from investing directly in the marijuana production itself to be safe. If you look at stocks like the aptly-named MJNA, you'll find that they're actually investing in dispensers, the legal parts of edibles, related technology for future production, etc - they're never invested in the grow operations themselves. BUT, it sets them up to be the initial wave of investment portfolios dedicated to the industry, so they still might be a smart buy if/when legalization happens. Bonus: right now, they're penny stocks for the most part, so you can snatch up quite a bit without a huge risk.

How'd you do your research? Websites, magazines? I don't care what stocks you recommend, but just finding out what stocks are available has been difficult. Granted, I'm just getting into penny stocks anyway, so I'm a little newbish, but any advice would be appreciated.

/veteran long-term investor, so I know what risks are involved; just need a point in the right direction to get information


Don't play the penny stocks. That's my advice. There is nothing in the conventional world of investing that prepares you to do well in pennyland. In fact, thinking about penny stocks as "investments" is the surest way to lose money, fast. There is no such thing as an "invest-able" penny stock. Even if you happen to find that one honest/transparent/lucrative company trading over-the-counter or on the pinks (ha!), it doesn't matter, because the people who are actually moving the stock are playing a whole different game than the one you are used to. And, statistically speaking, you're probably going to lose if you try to play their game.

But, if you're hell-bent on losing money, try "Investorshub." It's a little online community of experienced penny players and their victims "newbies," talking stocks. Plug in the above-mentioned stock name in to their board-search, and the discussion will point you to a few others companies you can look at. Most boards have background on the respective companies in some detail.

/just remember, the fundamentals don't actually matter. That's not the game.
 
2014-04-13 01:32:24 AM  

nocturnal001: Are there any public companies that sell pot?

BRB, need to RTFA and make a crap ton of money.


I bought HEMP at two different times.  My break even point is 18 cents a share.  It's right now at about 9 cents a share.  It's a long term strategy, holding on until the fascists get out of the way and it goes to a buck fifty a share
 
2014-04-13 01:43:47 AM  

Bumblefark: There is nothing in the conventional world of investing that prepares you to do well in pennyland. In fact, thinking about penny stocks as "investments" is the surest way to lose money, fast.


Aiya. Yes, I get that it's a different game in penny-land. You're up against HFT, computer algorithms, and electrons that move forty-thousand times in the second it took for me to arrange my order and then click to confirm it, and that in those forty-thousand motions two people made 1 million dollars because my order bumped it a half-cent and they knew it before the order went through, and then I get stuck on the downslide when the two millionaires sell off.

That said: I can still make money on it. Other people have figured it out; I can too. I know the game is different,  which is why I'm trying to learn the game. Hell, even in the conventional stock market, there's really two simultaneous games going on, and two very different kind of investors, all playing on the same field, with varying rules depending on what kind of player you are. I'm very good at that game, because I took the time to learn it.

And I don't bother with statistics. Statistics is just semantics for people who prefer numbers to words. I've got an English degree. ;)

Thanks for the website. I'll have a look.
 
2014-04-13 02:11:28 AM  

Peki: Bumblefark: There is nothing in the conventional world of investing that prepares you to do well in pennyland. In fact, thinking about penny stocks as "investments" is the surest way to lose money, fast.

Aiya. Yes, I get that it's a different game in penny-land. You're up against HFT, computer algorithms, and electrons that move forty-thousand times in the second it took for me to arrange my order and then click to confirm it, and that in those forty-thousand motions two people made 1 million dollars because my order bumped it a half-cent and they knew it before the order went through, and then I get stuck on the downslide when the two millionaires sell off.

That said: I can still make money on it. Other people have figured it out; I can too. I know the game is different,  which is why I'm trying to learn the game. Hell, even in the conventional stock market, there's really two simultaneous games going on, and two very different kind of investors, all playing on the same field, with varying rules depending on what kind of player you are. I'm very good at that game, because I took the time to learn it.

And I don't bother with statistics. Statistics is just semantics for people who prefer numbers to words. I've got an English degree. ;)

Thanks for the website. I'll have a look.


Ha, no. You're thinking of the big boards. Even the high frequency traders (the sober ones, anyway) stay the hell away from penny stocks. Beside everything else, the pennies tend to be too thinly traded for them. This isn't about somebody skimming a half-cent on your trade. That's not what I was alluding to. But, best of luck.

/"bumbler" on that other site, in case we bump into each other
 
2014-04-13 02:22:54 AM  

Peki: Bumblefark: There is nothing in the conventional world of investing that prepares you to do well in pennyland. In fact, thinking about penny stocks as "investments" is the surest way to lose money, fast.

Aiya. Yes, I get that it's a different game in penny-land. You're up against HFT, computer algorithms, and electrons that move forty-thousand times in the second it took for me to arrange my order and then click to confirm it, and that in those forty-thousand motions two people made 1 million dollars because my order bumped it a half-cent and they knew it before the order went through, and then I get stuck on the downslide when the two millionaires sell off.

That said: I can still make money on it. Other people have figured it out; I can too. I know the game is different,  which is why I'm trying to learn the game. Hell, even in the conventional stock market, there's really two simultaneous games going on, and two very different kind of investors, all playing on the same field, with varying rules depending on what kind of player you are. I'm very good at that game, because I took the time to learn it.

And I don't bother with statistics. Statistics is just semantics for people who prefer numbers to words. I've got an English degree. ;)

Thanks for the website. I'll have a look.


It's not about computer algorithms. It's about who can lie the best.

Seriously.

There's a reason why these stocks are penny stocks. Most if not all of them are penny status because they don't file documents on time or reach different targets or have some real financial problem (as in skipping audits from anyone credible, or lying on reports).

If you find a legit company with legit financials and a clean business operation, it won't be a penny stock.

Just consider it speculation, much like putting your money into a slot machine, because no one has the time to do due diligence in person. If you do have that kind of time, skip the middleman and invest directly.
 
2014-04-13 02:33:40 AM  

8 inches: I'm getting a kick out of this as I just bought a weed stock on Friday: RFMK. My reasoning is that 4/20 (April 20th) is coming up in a week and these types of companies should get a bump. Also, my thought is that if a weed measure makes it to the ballot in California this November, it'll get a huge bump - especially if it passes. I figured I'd throw a little money at a stock that was trading at less than half of a penny per share. RFMK.


Please tell me you're kidding.  Stoners are going to stone whether it's 4/20 or the 45th of November



Pot businesses got a big boost on January 1st of this year. They're still figuring shiat out though and still trying to figure out how much they can get away with charging. The black market didn't go away. It's thriving and selling below "legal" retail sales and many people see no reason to go to an actual store when they can keep getting pot from the same hippy freak they've been getting it from forever.

As each state eventually legalizes marijuana - and I'm optimistic that all will fall in line eventually even if it takes 30 years, pot businesses will have a bigger boost, but it's risky. I don't even consider myself an expert, but there's at least one pot shop I know of here in CO that is setting itself up for failure. They've already earned a bad reputation. They may ot actually have to close, but they will not be very successful.

Investing in pot is not a guarantee, despite the potential for explosive growth in the market. There's a lot of competition. Every pothead has thought about opening up a pot store. It's so easy, what could possibly go wrong?

Some of these pot stores are going to fail, and it wouldn't surprise me if some of them don't fail on purpose due to corrupt business practices. And they will say they contributed to the economy by employing a handful of people (including the owner who happened to take home $200,000 a year in salary.)
But that 4:20 thing? No1curr. I finished eating dinner at exactly 4:19 the other day and I thought, oh good, I should get stoned now, because it's almost 4:20. I didn't even get stoned until about 5:00. Why? Because I care more about getting stoned when I'm good and ready than getting stoned on some schedule that someone else made up.

I'm sure a few more people will get stoned on Hitler's birthday/anniversary of the Columbine school shooting, but I don't expect it will be significant. The increase will be people who smoke 2-3 joints a year at most. The core market is going to be stoned anyway.
 
2014-04-13 02:38:05 AM  
Wouldn't the tobbacco companies be a natural fit this? I don't know how it would work but couldn't they just easliy convert cigarette plants to weed factories?
 
2014-04-13 02:45:32 AM  

Mid_mo_mad_man: Wouldn't the tobbacco companies be a natural fit this? I don't know how it would work but couldn't they just easliy convert cigarette plants to weed factories?


ding ding

*fire alarm*

*gas main explosion*

*volcanic eruption*

Which is what the prudent stock investors are probably already doing. Otherwise invest directly into a chain of suppliers and cash out when it gets bought out.
 
2014-04-13 02:49:28 AM  

Bumblefark: Ha, no. You're thinking of the big boards. Even the high frequency traders (the sober ones, anyway) stay the hell away from penny stocks. Beside everything else, the pennies tend to be too thinly traded for them. This isn't about somebody skimming a half-cent on your trade. That's not what I was alluding to. But, best of luck.

/"bumbler" on that other site, in case we bump into each other


Noted. Found this: How to Spot A Pump and Dump that seems closer to what I'm looking for. Lynch has a set of very specific principles that I've organized into a kind of flow-chart for spotting good long term stocks; I've been making 25% a year for the past 5 years, and technically I don't do everything he tells you to do, so I'm cutting myself short. It is about fundamentals; it's just you use a different set of fundamentals with penny stocks.

Hmm, I'll have to reg as Peki then. :)

/one thing though Lynch and penny stocks seem to have in common: the more popular and promoted the stock, the more you want to stay the hell away from it
 
2014-04-13 03:00:21 AM  

Mid_mo_mad_man: Wouldn't the tobbacco companies be a natural fit this? I don't know how it would work but couldn't they just easliy convert cigarette plants to weed factories?


They have the capital to invest in it, but it's not really the same business.  Tobacco is grown outdoors and increasingly in 3rd world countries.

Pot - the kind that people want - is grown indoors under strict regimens which tightly control quality.  I'm sure RJR could roll a lot of joints, but who the hell wants joints?

Also, the tobacco companies will probably be very cautious about entering the pot market.  There are only 2 states that have legalized it now and they sell their product to a global market.  And who knows how the next president will feel about pot?  What if he (or she) cracks down on it and says it's still illegal under federal law?

What if crime spikes in Colorado?  What if a cute innocent 5 year old blonde girl eats 10 pot brownies and has a pre-existing heart condition and she dies?  Both of those seem unlikely, but the press is all over marijuana-related crime in Colorado.  It's crazy, I know, but some guy was shot in a parking lot trying to buy pot a while back.  Why didn't he just go to a store?  Probably because he wanted more than an ounce and he was an idiot who trusted a drug dealer.

Some teenager is going to get some pot and kill someone behind the wheel of their car.  This will happen.  It's happened when pot was completely illegal too, but the press will run with it even though pot is not legal for teenagers and this could have a bad effect too.

The tobacco companies would be better off getting into alcohol and junk food.  Oh, they already have done that?  Well, carry on then.
 
2014-04-13 03:06:37 AM  

gfid: Pot - the kind that people want - is grown indoors under strict regimens which tightly control quality.


Corrected for accuracy.

The indoor/outdoor argument is like two wine snobs arguing over whether altitude matters on the overall body of the wine.
 
2014-04-13 05:40:35 AM  

Peki: Bumblefark: Ha, no. You're thinking of the big boards. Even the high frequency traders (the sober ones, anyway) stay the hell away from penny stocks. Beside everything else, the pennies tend to be too thinly traded for them. This isn't about somebody skimming a half-cent on your trade. That's not what I was alluding to. But, best of luck.

/"bumbler" on that other site, in case we bump into each other

Noted. Found this: How to Spot A Pump and Dump that seems closer to what I'm looking for. Lynch has a set of very specific principles that I've organized into a kind of flow-chart for spotting good long term stocks; I've been making 25% a year for the past 5 years, and technically I don't do everything he tells you to do, so I'm cutting myself short. It is about fundamentals; it's just you use a different set of fundamentals with penny stocks.

Hmm, I'll have to reg as Peki then. :)

/one thing though Lynch and penny stocks seem to have in common: the more popular and promoted the stock, the more you want to stay the hell away from it


My best performing stocks of the past 12 months all have "C" ratings or worse at Charles Schwab.  Once the analysts are on board, it's time to look elsewhere.
 
2014-04-13 05:49:25 AM  

Peki: gfid: Pot - the kind that people want - is grown indoors under strict regimens which tightly control quality.

Corrected for accuracy.

The indoor/outdoor argument is like two wine snobs arguing over whether altitude matters on the overall body of the wine.


Well, I think I said in an earlier post that stoners can be worse than beer snobs.  Beer snobs, wine snobs, pot snobs.  I'm gonna pack another bowl....of the finest Indica "in the world" (i'm watching Top Gear too) and I'm pretty sure it was grown indoors.  I could be wrong.
 
2014-04-13 06:15:52 AM  
Money will be made.
But seriously, folks - proceed with caution.
 
2014-04-13 10:39:11 AM  

Somaticasual: Rand's lacy underwear: Still a Federal crime, still no one will help you sell your shares or IPO your company. They'll touch that like they'll touch your "Who wants buy half my mob assassination franchise?" search for investors.

Right now all of the the marijuana stocks I've checked are actually staying away from investing directly in the marijuana production itself to be safe. If you look at stocks like the aptly-named MJNA, you'll find that they're actually investing in dispensers, the legal parts of edibles, related technology for future production, etc - they're never invested in the grow operations themselves. BUT, it sets them up to be the initial wave of investment portfolios dedicated to the industry, so they still might be a smart buy if/when legalization happens. Bonus: right now, they're penny stocks for the most part, so you can snatch up quite a bit without a huge risk.


http://investorplace.com/2014/04/marijuana-stocks-phot-stock-mjna/#.U0 qgtpkZ7Fo

No. Looks like your a dumbass investor or a dumbass scammer
 
2014-04-13 11:05:47 AM  

jso2897: Money will be made.
But seriously, folks - proceed with caution.


Like the dot com bubble, a few stocks will be worth a lot of money in 10 years, but most will be pets.com.
 
2014-04-13 12:28:43 PM  

TheManofPA: The sandwich heavy portfolio pays off for the hungry investor


Yeah it does.
 
2014-04-13 12:33:00 PM  

F22raptom: http://investorplace.com/2014/04/marijuana-stocks-phot-stock-mjna/#.U 0 qgtpkZ7Fo


The CEO of one thinly traded, yet heavily touted, company that purports to be in the medical marijuana business spent nine years in prison for operating one of the largest drug smuggling operations in U.S. history.
Good, then he knows what he's doing.

The former CEO of a similar company was recently indicted for his role in a multi-million dollar mortgage-based Ponzi scheme.
Not so good.
 
2014-04-13 05:28:55 PM  

Bumblefark: Don't play the penny stocks. That's my advice.


i normally tend to second this, but in med marijuana's case the vast majority of the investment potential are in the penny stocks range. There are only a few out there like medbox with a share price over the $1 line

And to F22raptom - Any idea *which* company has the felon (I love how they completely omitted that part)? And, yes, it's a risky bet for legalization. If legalization doesn't happen or if the trading is halted based on your article, I'm quite aware those stocks will be worthless. But for a $50 investment at over 3000 shares, it's a cheap bet on the future of the industry. That being said, for every article slamming on the brakes, there are 20 saying it's the early stages of a great industry. I'm betting on the latter.
 
2014-04-13 06:12:20 PM  

gfid: Peki: gfid: Pot - the kind that people want - is grown indoors under strict regimens which tightly control quality.

Corrected for accuracy.

The indoor/outdoor argument is like two wine snobs arguing over whether altitude matters on the overall body of the wine.

Well, I think I said in an earlier post that stoners can be worse than beer snobs.  Beer snobs, wine snobs, pot snobs.  I'm gonna pack another bowl....of the finest Indica "in the world" (i'm watching Top Gear too) and I'm pretty sure it was grown indoors.  I could be wrong.


I've had awesome of both, which is why I don't really get into the argument. I end up caring more about strain, which really means I care the most about the smell, because the name of the strain just tells you whether or not the shop wants it sold, not necessarily what it actually is.
 
2014-04-13 06:59:59 PM  

Peki: Somaticasual: Honestly, mostly by aggregating marijuana stock lists and sorting out which are just obvious pump-and-dump stocks and which might hold actual value... Granted, you kinda of have to be careful with those same lists since a lot are published with pumping in mind..

The highlighted parts? Parts I'm ignorant about, and I'm talking stupid questions too.  How do you find a stock list with pot stocks on it (I've looked at one or two websites, and both times the user interface was horrendous)? How do you spot a pump-and-dump? (Yes, I do know what that is referring to, but don't know what they look like) So on and so forth. . .

EIP if you'd rather. Like I said, I'm actually serious and already playing around with penny stocks a little. I just don't have a reference guide for pennies like I do for long stocks (Peter Lynch), so I'm flying a little more blind than I'm comfortable with, but it's small change so it's also money I can fly blind with and afford to crash.


Hey peki - sorry, didn't mean to ignore your post last night. But, I'm a newbie myself so I'd defer to more experienced investors for advice. As others have said, I could be wrong on pot penny stocks, but I'm investing anyhow on the bet of legalization...
 
2014-04-13 08:39:00 PM  
 This is shaping up to be more speculative than the biotech sector, with people just blindly putting money on horses without any research.  The industry itself might hold potential, but at the end of the day you want to invest in a good business.  It's better to just wait it out and let the cream rise to the top and invest in a good business than to just flush money down the toilet by giving it to a crappy company.     If legalization is imminent and as profitable as you think, you won't have to get in on the very ground floor on Day 1 to make money.
 
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