Thanks for contributing chefboy! 
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Cannabis related Stocks?
- Thread starter unregistered190
- Start date
Just be careful holding. Maybe a few may become huge... But almost all of them are currently way over valued. They are trading on demand for canna stock primarily. As new players enter, most stocks will consolidate even further as demand spreads out among the supply. Along with that, some will completely disappear. Some are already leaving the sector, for example PUGE. This is just my opinion, and I think these are all great trading stocks. But, I'm prepared to move when needed to stay on top of the quickly changing market. Good luck everyone, and I hope some of you took advantage of the nice dips across the board today!
question how long have you been in these POT STOCKS?
cause i have been in them since the summer
THIS IS JUST THE BEGINNING
and i would buy the producers, security companies product makers, and most profitable will be the pharma companies(GW Pharma,NVLX and others)
but DO be careful because there are MANY FAKES out there
Good luck
peace
Chefboy
I've been in for about a year. It's anyones guess what will happen, or how to play it really. I just like taking profits on a regular, if not daily basis. That's how I like to play it.... I can't wait to see what happens in the morning! There's a few triple tops in the charts right now... After that CANN run today, we may some some others really run very soon!
You're absolutely right. This is just the beginning.
You're absolutely right. This is just the beginning.
SourSmoke
Member
Hey Audio, could you explain this a bit more in depth? Who are you looking at for people to consolidate into? Any favorites? Thx
Definition of 'Consolidation'
In technical analysis, the movement of an asset's price within a well-defined pattern or barrier of trading levels. Consolidation is generally regarded as a period of indecision, which ends when the price of the asset breaks beyond the restrictive barriers. Periods of consolidation can be found in charts covering any time interval (i.e. hours, days, etc.), and these periods can last for minutes, days, months or even years. Lengthy periods of consolidation are often known as a base.
Investopedia explains 'Consolidation'
The levels of resistance and support within the consolidation are created through the upper and lower bounds of the stock's price. Once the price of the asset breaks through the identified areas of support or resistance, volatility quickly increases and so does the opportunity for short-term traders to generate a profit.
In technical analysis, the movement of an asset's price within a well-defined pattern or barrier of trading levels. Consolidation is generally regarded as a period of indecision, which ends when the price of the asset breaks beyond the restrictive barriers. Periods of consolidation can be found in charts covering any time interval (i.e. hours, days, etc.), and these periods can last for minutes, days, months or even years. Lengthy periods of consolidation are often known as a base.
Investopedia explains 'Consolidation'
The levels of resistance and support within the consolidation are created through the upper and lower bounds of the stock's price. Once the price of the asset breaks through the identified areas of support or resistance, volatility quickly increases and so does the opportunity for short-term traders to generate a profit.
With that being said.... I highly suggest anyone looking to put money into any stocks, first spend a good amount of time learning the fundamentals of investing! At least the bare basics. There are tons people waiting to take your money! At least be prepared to stop them...
Interesting thread.. Does anybody know of any mj stocks that pays dividends? I'd be interested in those stocks.. Ya know hold long and make passive income.. It's something to think about instead of buying and selling.. Just hold long and make money..
so am I...i bought ENDO today
so far i have 15-20 pot stocks
some riding free shares others just riding
RIDE THE WAVE BABY
peace
Chefboy
so far i have 15-20 pot stocks
some riding free shares others just riding
RIDE THE WAVE BABY
peace
Chefboy
no but TRTC is
and ENRT and ATT
and so many others
LOL I am collecting these stocks like when i was a kid with comic books
but there are a tiny bit more expensive LMAO
and ENRT and ATT
and so many others
LOL I am collecting these stocks like when i was a kid with comic books
but there are a tiny bit more expensive LMAO
I still haven't made the move yet fellas...but putting my cannabis portfolio together little by little as I get time do do more research. Thanks for participating
