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Thank you for your reply. And yes I will need to read this a few times. Appreciate you sharing.
Nice prediction! Where do you see the NQ100 going this week?
Come on bulls
Thanks! This is exactly what my plan is. I'm not gonna sell too soon. If I can stomach losing $7k and watch it go back up and back down, I can surely hold out until I'm up $7k! As I start making money I will sell off just a little to have cash for the next fall.
I bought this in the mid 90's a while back. Because I am down so much, I'm just going long hoping that I can hang on till it gets over a hundred. I am encouraged to hear you say that it will go over 100 again. I cannot day-trade it because I have no money left not even to buy while it's down. Now that I understand it, I will hold it until I can sell for a profit wait for it to fall again and buy it again. What are your thoughts on all this?
Why did this thing drop dramatically after hours? Is this normal? Will it get back up before trading tomorrow?
Wow isn't that the truth
I think this guy pumps stocks that tank that he owns so he can recover some losses. This one dropped.
Just got hammered from penny stock newsletter on this one for tomorrow
How could a company so fine continue to drop in price?
Sums up me too
Same here! Have you ever figured it out? If so please let me know. Even if I could download a csv file I could at least make my own graph. For me I just want to see the dips and recoveries and see what has happened over time.
Agreed! Went to Walmart this weekend, pulled up and said let me check on how business is going.
Ok so I sold all but 100 shares of MJ today. Going super long now. Had to free up some cash but kept some shares. I had 1500, so I took a nice hit.
I was thinking same thing but Amazon has access to more. Walmart is more exclusive in it's products. BUT it does have brick and mortar and every KY/TN (and AK) redneck cannot live without it. I'm originally from KY myself. I like Amazon but I love Walmart and going to Walmart back home in KY like a class reunion. Amazon, not even Facebook can do that!
Oh let's hope I don't ever get that opportunity
Thank you very much for this update! Can you tell me more about rescheduling?
Someone tell me some good news
Cannabis bill advances in TN today
Oooh, 36 would be real nice
How hard can it be for this thing to increase 3 or $4 per share? Why is there so much resistance?
Yeah, this is fitting perfectly into my new strategy of waiting for bargains. I'm trying to be more disciplined and patient and earn some money back I lost by being too aggressive in other trading. When I saw the 10% drop I was tempted to 5 times as much as I did but I realize this is a marathon for me and I have to build discipline. I have wanted to buy Walmart for a long time and I'm hoping this is the right opportunity. I think what you're saying is the similar overreaction and volatility we saw a couple weeks ago. I made a play on Apple when it dropped a couple weeks ago and made some money there. I'm trying to buy only Blue Chip stocks that have strong fundamentals. That way I can go long if I need to.
Yep, I'm in! Starting small to see where it goes. If it drops I'll buy more, but I consider this a bargain right now.
Canadian markets open today? If so should some of these shares trade and affect MJ?
Almost what I had in mind, but better!
You have any predictions for this week? My gut tells me it could did little and come back up but don't expect much over $33 this week.
Any of the same stocks as MJ?
https://www.primeindexes.com/indexes/prime-alternative-harvest-index.html
This is what MJ ETF tracks
Yep, read about it this weekend. Messed around and got my $ tied up here, but looking forward to putting some money there soon.
My bad, I knew the post was too long, wasn't sure if anyone would read it anyway.... But thanks for reading it and yes I know that the stocks would be sold and I would be paid, but I would rather them come back up first...
Yep, best summary I've read so far. Transparency and explains risk as well as potential and good info I hadn't considered regarding how fund operates.
Not trying to post bad news here, I'm all in MJ, just wanted Bob to see article.
https://www.bloomberg.com/news/articles/2018-01-31/hottest-etf-of-the-year-risks-closure-as-custodian-balks-at-pot
What I like about this article is that it explains there's a very low risk of it closing. I also like the graphic of what happens to the ETF price as soon as they start buying marijuana stocks.
Most ETF closed because of lack of capital, I think this one does not have that problem.
http://www.etfmj.com/wp-content/themes/mjx-child/cron/MJ_fund_holdings_02162018.csv
Look at all the stocks! I have to believe there's no way this many stocks could just continue to have an average loss. If you look at a lot of these companies, they have great potential and good news reports and are doing good business.
When I look at this massive list of stocks, I have to wonder if I picked about 20 or 30 stocks, I don't think I can be lucky enough or unlucky enough to pick enough bad companies that the price would simply continue to go down over time.
We just have to stay long and these companies will rise and so will our ETF.
Makes sense, thanks for the reply, I don't mind waiting, going long on this, just don't like it going down so much right now
Hey Bob! Finally glad to see someone here that has the same sentiment as me. I am a little nervous about owning so many shares myself.... Started with a few hundred when the price was $37. Thought this had some momentum, growing sector, etc. Thought it was days away from a "high." Then came the market correction and I bought when it was in the low 30's. I now own 1,000 shares at an average price of $35. I can use my margin account to buy more shares if this thing goes down more but I'm all in here trying to average down. Sold my Apple stock today to relieve the pressure on my account and give me some room to rescue myself from this bleeder. I have recently been using CBD oil for anxiety and some pain from a cycling accident, and I have been keeping up with the industry somewhat. I am at a loss why these stocks are falling other than the newness has worn off. But these are good companies, hand picked for this fund, and I'd have to think at some point when some were down some would be up and a lot of the stocks are tobacco and fertilizer companies too, so we have some diversity. Just at a loss. I know if this thing shoots to $40, which it can, then I have $8,000 more in my bag than I have right now and this ain't money I made trading, this is hard earned money I have invested in a fund I hoped would be conservative enough yet volitile enough to jump up and hold, but not go flat and never come back. Some have said it will take time for this to reach US states but the main holdings are in Canada. My hope is that as confidence in equities improves investors will start buying these kind of stocks again. Wouldn't hurt to have some good news, real news. But I think a big weight pulling this down is the news a couple weeks back about the ETF closing. That scared the crap out of me. I mean, who would buy an ETF that is in danger of shutting down? This has had to affected the prices of the stocks for those buying the stocks through this ETF... Or should I say selling at this point. I think that's what it boils down to, as soon as investor confidence comes back then we will go up again. Investors need confidence that this is a solid industry and commodity moving forward and that this is a real ETF and not one that is in danger of closing down. I really want to go long on this thing, but I'm a little scared right now.
Wish the price reflected this good news
For sure, finally glad something went my way, just hope it lasts
Buffett doubled down on Apple stock
I bought this before the drop, glad to see some good sentiment here
Just a few more bucks and I'll be even. Need it to see $38 to make money