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Why "park" money in a stock when you can set up a price breakout alert??
Hopefully the safe act with banking and all changes that. Guess that is why I really like SHWZ.
Let me be more specific. About 3 weeks ago I adopted a new investment plan. I bought lower cap MJ stocks that were sitting at lows, at support. I knew my portfolio would be a winner, in time. But I lost track of one thing. I was used to my portfolio throwing off CASH, profits. My new portfolio was simply going to sit until blastoff. That would be ok, IF I had a CASH hoard sitting in my savings account.
So I changed tactics and converted into MJ stocks with MOMO. At the same time I set up in Fidelity "price alerts." There are price points that I have selected for my favorite companies for when they make their breakout move. No reason to park CASH in a stock that is not moving, YET.
CRESCO is one of those stocks. Right now, dead money. BUT with a price alert of, say, $11.00, you can jump in just as the next leg up takes place. And it will take place. Cresco is currently undervalued.
I have went with the momo approach but have also put some monies in stocks within this sector that have not move. I believe sooner than later all will rise as the saying about all boats rising. Also thanks for the invite here.
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*Word of warning. I am not a licensed financial planner or a licensed stock trader or advisor. As an individual investor I buy and sell stocks as a hobby and as a way to generate extra income. Read and proceed at your own risk. JohnCM Jan 7th, 2021*
TOP 10 CANNABIS STOCKS
JANUARY 7, 2021
I only list stocks that I own with one exception. I only have positions in 9 stocks, so I do not currently own #10.
Because I list only stocks that I own, Trulieve, for example, is not here. There are a ton of companies that I like, who have participated and this last MJ bonanza. Curaleaf, Cresco, Canopy, Tilray, etc. I have chosen to have larger positions in a few, as opposed to spreading myself out.
Special note, all of the EFT funds are doing well, for the most part. A good way to go if you are having trouble selecting from all of the high flyers.
My criteria;
#1. I like to see at least 100M in annual sales.
#2. I like to see an outstanding share number of less than 300M.
#3. The stock must have momentum. Especially right now.
#4. The company should be on the way to EBITDA break-even, if not there yet.
#5. Maybe a turnaround story, or legit, right out of the box.
#6. Typically will be focused on the U.S., not Canada.
#7. For now, will be marijuana only. No hemp.
1) AYR Resources
2) Green Thumb
3) Subversive Capitol
4) Columbia Care
5) High Tide
6) Jushi
7) Harvest Health
8) HEXO
9) 4Front
10) Schwazze
JohnCM Investment Corner
AYR
Green Thumb
Columbia
Jushi
High Tide
Keep an eye on Subversive
JohnCM.... what do consider your best MJ momo plays?
Oh brother. Yes, always a concern. Just keep track. No need to throw out baby (MJ stocks) with bathwater (dilution).
what i don't like about MJ stocks is the dilution...unless jumping in before a pop then get out...they aren't long term investments...
I'm outa juice right now...waiting for WDLF to explode in the next 2 months...
ya i bot in CRIS @ 1.46 out @ 5.34!!! wow, first ever panic sale profit!!! I sold from PANIC poster beginning of day...lol...
naa...FUNN has a great product...Snakes and lattes and expending...AND going to have AFs...AND dispensaries...
Setup a price alert on these at a "breakout" price point.
My mistake was misreading election results vs markets..I was betting incorrectly...THEN i found a panic sell with CRIS and bot in...next day I made 4xs but i coulda made 8xs if i held a little longer during the day...panic sales are also lucrative...waiting for WDLF to run...and yes if I had more $$$ I'd buy both WDLF and FUNN...I got lucky with ATYG had been holding that for lotsa years...it finally awakened and was able to double my $$$ and bot me a new fridge...GUSH will eventually run just like NRGU as Oil producers rebound...
Today’s Topic - About Face!!
I sat down to reassess my investment strategy. Something you should do at least weekly, as well as take a look at each one of your holdings and ask the question, “would you buy this stock today, at today’s prices”? Hopefully, the answer is “YES”.
I realized my new strategy is right on point, except for one thing, I need to continue to make profits in my portfolio. If I had mindfully built up a CASH position, to move into my bank savings account, I could utilize my new strategy of “buy and hold”. My strategy was to take on additional risk and buy thousands of shares of Cannabis companies that are priced low and sitting on support. This strategy will pay off BIG, but I did not position myself to sit and wait. So, that being said, I will free up some CASH and take another look at some momentum plays.
MOMO ( Momentum ) Previously Holding, New, Add Shares**
1) Columbia Care GOOD
2) High Tide** (Break Out – Now over $0.20)
3) TILT Holdings GOOD
4) Green Thumb GOOD
5) Jushi** GOOD
6) 4Front GOOD
7) AYR** GOOD
8) Harvest Health and Recreation (Reducing position. Stock has lack
of MOMO)
9) Schwazze (Minimum position. Stock has lack of MOMO)
10) TILT Holdings GOOD
11) Curaleaf (Swapped out Curaleaf for HEXO (HEXO))
INVESTMENT TOPICS 12/26/2020
ZOOM meetings 5:00pm PST Saturdays every 2 weeks
https://www.meetup.com/stock-market-investing/
John’s portfolio as of 12/19/2020 +2.10% (unrealized gains)
Total Rate of Return*** (Life of Available Data) AS OF 12/26/2020
+68.57% (realized gains)
Today’s Topic
About Face!!
I sat down to reassess my investment strategy. Something you should do at least weekly, as well as take a look at each one of your holdings and ask the question, “would you buy this stock today, at today’s prices”? Hopefully the answer is “YES”.
I realized my new strategy is right on point, except for one thing, I need to continue to make profits in my portfolio. If I had mindfully built up a CASH position, to move into my bank savings account, I could utilize my new strategy of “buy and hold”. My strategy was to take on additional risk and buy thousands of shares of Cannabis companies that are priced low and sitting on support. This strategy will payoff BIG, but I did not position myself to sit and wait. So, that being said, I will free up some CASH and take another look at some momentum plays.
MOMO Plays
Columbia Care
Green Thumb
Jushi
4Front
AYR
Harvest Health and Recreation
ETF’s MSOS and MJO
Schwazze
TILT Holdings
Curaleaf
SHORT DoorDash down to $130.00
BUY ALERTS!! CHARLOTTES WEB CWBHF $3.88 SUBVERSIVE CAPITAL ACQUISITION SBVCF $10.09
CANNABIS STOCK PICK OF THE WEEK
HARVEST HEALTH AND RECREACTION $1.89 $2.06 My cost basis is $1.98. Recently added at $1.79
Michael Auerbach On Launching A Cannabis SPAC With Jay-Z
Macro Hive Conversions With Bilal Hafeez
https://open.spotify.com/episode/2CwSD3EsyzrqOj10AfD1Eo
Are you chasing?
From time to time, different investment sectors take off!! It could be gold, Internet companies, COVID-19 vaccine plays, Cannabis, etc. In other words, there is always a BULL MARKET somewhere. What do you do? If you wait a bit to jump in, you may be buying at the top. Today’s hot sectors are BITCOINT and MUSHROOM stocks. Bitcoin got a boost when PayPal recently legitimized it as tender. Mushrooms got a boost as more state and municipalities are legalizing psilocybin for medical use.
This what works for me.
If my intention is to diversify into a number of different sectors, types of business, I will select my favorite stocks from that basket and set price alerts. This also works well if you see a favorite stock get sold down to a 52-week low and you are tempted to buy. Use your brokerage software or look at Yahoo Finance or any free service where you can establish price alerts. You set the price point and when the stock selected rises above that price, you get an alert via text and email.
You will catch the stock just as it starts to breakout. You will need to inspect a price chart of the stock to determine what the “breakout” price point is. You take your “best guess” based on the stock chart. I use https://www.stockscores.com/
Why Cannabis?
I have followed the Cannabis sector for over 7 years. There are now 3 solid reasons to look at the Cannabis sector in regard to your investment portfolio.
Number one - MOMENTUM. States are falling like dominos legalizing marijuana for recreational use. Throw in the Biden win, and this is a trend that cannot be stopped.
Number two - PROFITABLE. Finally, cannabis companies are reporting net profitable quarters. Look what happened to Tesla when they reported their first profitable quarter. Two companies of note, Trulieve and Cresco.
Number three - The ARBITRAGE play.
American companies, wanting to partner with or purchase Cannabis companies, have to stay at arm’s length from Cannabis companies because marijuana is a schedule one substance (the most dangerous) and it is illegal federally.
When the fed loosens its grip and/or marijuana is legalized federally, BIG business will rush in to swoop up already established Cannabis companies at a premium. BIG tobacco, BIG liquor, BIG beverage, BIG pharmaceutical, BIG leisure, retail grocer, health food and nutritional companies.
BIG TOBACCO
BIG LIQUOR
BID RETAIL
BIG NUTRICIAN
BIG PHARMA
BIG BEVERAGE
“Ayr Strategies to Buy Liberty Health Sciences for $290 Million in Stock and to Enter New Jersey with $101 Million Garden State Dispensary Acquisition”
Liberty Health LHSIF within 5 days stock price moved from $0.36 to $0.75
Big names – Trulieve, Cresco, Curaleaf, AYR Strategies, Green Thumb (all moving).
Medium names – Terrascend, Charlotte’s Web, Harvest Health, Jushi, Columbia Care.
Small names – MedMen, High Tide, Tilt, 4Front, Medipharm.
MJ tailwinds
#1. State dominos are falling. Arizona. Florida next?
#2. First time House votes approvingly on legalizing marijuana.
#3. President and vice president-elect Biden and Harris are pro-cannabis.
#4. U.S. MSO's (Multi-state operators) are starting to report net profitable quarters.
#5. MOMO (momentum).
These are a few of the MJ companies that has not been noticed yet.
The day DASH went public, I released this stock alert.
I attempted to short myself but Fidelity did not have any shares available.
SHORT TO $130.00
Price Trigger Alert: DASH
DASH went below 165 trigger as of 12/14/2020 09:33 a.m. ET.
Price Currency Change Tick Pct. Change Bid Ask Prev. Close Vol
164.71 USD -10.29 U -5.88 164.7 165 175 266,152
Click to reactivate your price trigger.
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Dec 09, 2020
4Front 10% $0.82 _________________________
Medipharm 20% $0.43_____________________
Charlotte 20% $4.65_______________________
Harvest Health 20% $1.87__________________
MedMen 10% $0.17_______________________
High Tide 20% $0.149______________________
Subversive Capital (Jay-Z) 5% $10.15 _______
Verano (IPO) 5% $0.00 ____________________
$18.24
New Strategy – Cannabis
(A little risky. Swinging for the fences)
30 day return 10%
45 day return 20%
160 day return 50%
365 day return 125%
Dec 09, 2020
4Front 10% $0.82 _________________________
Medipharm 20% $0.43_____________________
Charlotte 20% $4.65_______________________
Harvest Health 20% $1.87__________________
MedMen 10% $0.17_______________________
High Tide 20% $0.149______________________
Subversive Capital (Jay-Z) 5% $10.15 _______
Verano (IPO) 5% $0.00 ____________________
New Strategy – Cannabis
(A little risky. Swinging for the fences)
30 day return 10%
45 day return 20%
160 day return 50%
365 day return 125%
4Front 10%
Medipharm 20%
Charlotte 20%
Harvest Health 20%
MedMen 10%
High Tide 20%
Lol, can be fun but wear ur mask and hazmat suit ;).
I used to play a bit in PINKY "pump and dump" land. No more, no more.
Cool, I usually ignore pumpers selling me tops but
That cannot be a top (for long)
And youz not a pumper ;)
Status?? SAFE and latest Stimulus Bill?
Lol, so many good stalks.. need a nap ;).
So the UN is voting to reclassify from something that resembles schedule one. And we will have a congressional vote on legalizing marijuana BEFORE MJ is reclassified from schedule 0ne. The proposed stimulus package, approx 1.7B contains *pork* Banking Safe Act verbiage. Mexico on the verge of legalizing marijuana for multiple uses, with consumer and grower limits.
What do you see? A heckuva lot of momentum. A marijuana tsunami, headed to a town near you.
Ultimately ALL mid to large-cap Cannabis names will be an arbitrage play (see WORK, Salesforce.com, and Slack).
BIG TOBACC0
BIG LIQUOR
BID RETAIL
BIG NUTRITION
BIG PHARMA
BIG BEVERAGE
Just meant that any story that leads with dry ice being some kind of real issue is click bait. When the time comes the biggest issue with the vaccine is going to be getting half the population to actually take it. I do appreciate the nod on the companies though...
Switching directions I believe I mentioned FRHC - at some point. It is in the financial space and has a great back story. The 33 yr old CEO is building a Wells Fargo type operation in the eastern block based on American SEC rules ...from Pink to Nasdaq in 3 years...See this comparison table I put together...BTW the chart is breath taking...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=159561428
EXROF may do something similar in the EV space. So far so good..Lots of market moving irons in the fire.
https://www.prnewswire.com/news-releases/exro-coil-driver-ready-for-electric-cars-with-engineering-validation-301177912.html
Hopefully Dormant FTRS will follow suit as well...
INVESTMENT TOPICS 11/15/2020
ZOOM meetings 5:00pm PST Saturdays every 2 weeks
www.meetup.com
ALERT!
Covid-19 vaccine play. Dry ice! www.airproducts.com APD
CANNABIS STOCK PICK OF THE WEEK
HIGH TIDE HITIF $0.1529
Leading Canadian Cannabis Retailer with 65 Operating Retail Locations and $148 million in Annualized Revenue.
Why Cannabis?
I have followed the Cannabis sector for over 7 years. There are now 3 solid reasons to look at the Cannabis sector in regard to your investment portfolio.
Number one. MOMENTUM. States are falling like dominos legalizing marijuana for recreational use. Throw in the Biden win, and this is a trend that cannot be stopped.
Number two. FINALLY, cannabis companies are reporting net profitable quarters. Look what happened to Tesla when they reported their first profitable quarter. Two companies of note, Trulieve and Cresco.
Number three. The ARBITRAGE play. American companies, wanting to partner with or purchase Cannabis companies, have to stay at arm’s length from Cannabis companies because marijuana is a schedule one substance (the most dangerous) and it is illegal federally.
When the fed loosens its grip and/or marijuana is legalized federally, BIG business will rush in to swoop up already established Cannabis companies at a premium. BIG tobacco, BIG liquor, BIG beverage, BIG pharmaceutical, BIG leisure, retail grocer, health food and nutritional companies.
Banks cannot do business with marijuana. IRS does not recognize Cannabis businesses. They cannot write off their business expenses. So, what do we see taking place in the future? The next Stimulus Bill contains the “Safe Banking Act” (pork) that will give banks the ability to do business with Cannabis companies. Marijuana should get rescheduled within the next 2 years. It is recognized as having no medical value for the past 90 years. It needs to be rescheduled down to at least number three from one (the most dangerous) to allow businesses to be recognized, as all other businesses are, in the eyes of the IRS.
Federal legalization of Marijuana. Pretty soon everyone, save a few of the states, will legalize marijuana. At some point it only makes sense to legalize on a federal level.
Big names – Trulieve. Cresco. Curaleaf. AYR Strategies. Green Thumb
Medium names – Terrascend. Charlotte’s Web. Harvest Health. Jushi. Columbia.
Small names – MedMen. High Tide. Tilt. 4Front.
That's a new one "click bait."
Now you are talking..who knew dry ice would be the next cash cow
The is click bait. There is no way that this is an issue if the right leadership is in charge. I agree with PFE...non issue
Top Key Manufacturers in Dry Ice Market:
Messer Group. SOL Group. Taiyo Nippon Sanso. Polar Ice. Aug 31, 2020
Dry Ice Market Overview, Share, Cost Structure Analysis, Top ...
Why Dry Ice Stocks May Be the Next Big COVID-19
Investmentmarketrealist.com › Financials
3 days ago — Dry ice stocks are drawing a lot of investor attention right now because of COVID-19
https://marketrealist.com/p/dry-ice-stocks/
I need help!! This morning I will research the best way to play "DRY ICE" in regards to shipping the new Phizer vaccine.
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