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so I just sold $80k CAD of TSLA and bought $80k CAD of WEED - all in
and now I am going to make a sandwich
you know i never thought to look, which to be honest is a bit embarrassing...guess it is official, I am not really up to knowing what CGC is all about anymore...
but I will always remember the Bedrocan and Mettrum spreads - easiest money ever, a whole boat load of free shares that eventually started selling for $35 per.....compounding returns on investment can get out of control, talking about 35 baggers here
but this also goes to show that the market has matured and the easy money is gone....I knew for certain during the BED and MT mergers that the market was extremely inefficient and that inefficiency was quantifiable, very simple arithmetic could put a number on it, each time approaching 10%
It is beautiful, my next move is somewhere in the $32.50 range, just another couple days like we have been having, and I might be going all in again.
I feel it is atrocious to be putting out a problem on an IPO without giving us a market cap....the headline might as well be 'Tilray is selling some quantity of equity for money'
of course - think about it, investors have made literally billions with CGC - if we all were to spend just a couple dollars per share we own on drugs, well CGC would be sold out immediately, and we would all have drugs and a company with sky high revenues....
what we need now is a little solidarity though, it doesn't work if I am the only one buying large amounts of drugs
maybe people are selling some of their stock in anticipation of buying lots of legal drugs to smoke....that is my best guess
Can we get a 3 to 1 split - I would like a nice $12.00 price range, back when a dollar day really meant something
well over three years ago I understood Tweed's products and the potential demand, and $2 a share seemed reasonable....I did not understand financial markets, still don't.....no part of what has happened could be described as unfortunate.
these are very very fortunate times indeed. Started the year at $30.69!!!!!!! and so far has risen to 34.98....a killer 13.9 ROI and the year is not even over.
I like the stock where it is right now, think we can see more gains out of this beauty
I think we reached a bottom around here....market has shown plenty of people will buy and hold shares at higher prices than this...anyone who wanted to sell had a good chance or two.
I like this price today, good reasonable price to be investing in my opinion
Today was brutal, hoping for a few more just like it
I just bought 575 shares of WEED
the question i have for you and your charts - will WEED ever trade above the blue line again?
Well right now, even though lately there has been better performance from TSLA, I miss it here, Bruce is not on twitter calling people jackass and pedo this weekend, which is a plus....Elon, he will go on Joe Rogan and everyone will love him again....I don't know
everything was going fine until those stupid kids in that stupid cave....Elon can't take people talking schit about his little submarine....you can't make this shit up
thumbs up
I don't know, I got to study the charts more, draw more lines
it is a 100% certainty that we will revisit that blue line, that line rises $5 every 2 months.....so an additional 50 dollars in less than 2 years, $100 increase in a little over 3 years....
CGC trades on the NYSE, but the price is going down, there is a lot of dilution coming up with this HIKU deal, the increase for employee stock option compensation plans (15% is dirty) , and the stock split...I also believe this summer is going to be an opportunity for Bruce Linton and other directors to sell some stock 'to pay taxes'
There seems to be some significant near term risk building up with this stock, been a lot of smart profit taking lately
very risky, if you are expecting a return on your investment there is no guarantee, I would say the major risk would be that you might need to wait a long time for a very small roi, that would be the worst case scenario....you buy and it takes years to move past $40 a share....anyone that says that isn't a possibility is either stupid or lying.
but if you can live with that, then it is just a standard gamble, if you realize that there is a very real possibility that your position could take years to get back to where you started, that happens...
I would say a bet on Canopy Growth is a gamble - if CGC goes from losing money to earning hundreds of millions of dollars profit per quarter in a relatively short time then you win, otherwise you got to hope that someone else wants CGC more than you sometime after you buy - that is called speculation.
still, I sold thousands of shares at under $5 a share about a couple years ago, so don't listen to me or anyone else - it is your money, good luck
whatever, this argument suggests there is someone out there with money that is waiting for the split so they can buy some shares because it will be cheaper, or some stupid schit.....and it makes me sad.
Like someone out there with $100, he could buy 5 $20's but he is holding out for 20 $5's
and I just don't like it because it doesn't compute. Does not make sense.
Look, you got to understand I get what you are saying and agree it might actually help the stock to dilute by split......the very fact that this move will manipulate someone into investing who wouldn't otherwise makes me sad.....it is just stupid, literally our CEO is wasting time contemplating the correct share count to maximize market value....
you don't want to go too high, 40:1 split suggests about $1 a share, that is too low, obviously $40 is too high or we wouldn't be having this conversation.....what is the optimal price of a stock to maximize it's market value....
it is just beautifully retarded - like this pizza is too heavy, but if I slice it up 8 ways I can carry it
“Care and Quality are internal and external aspects of the same thing.
for the gold example - quality would be properties of being shiny and bendy
and care would be the willingness of someone to trade a house for some of it.
You put care and quality together - you have value. Independent of perception and perception itself.
for a more complete metaphysical explanation see "Zen and the art of motorcycle maintenance - an inquiry into VALUES."
value is both independent of perception and perception itself..
..independent of perception in the sense that gold wouldn't change at all if everyone on earth died...
...and perception itself in the sense that there is no 'value' in gold.....it is not something you can see or measure or weigh, it is not something that two independent observers could agree upon...
'value' is a judgement of reality in the minds of man...splitting a stock doesn't change the corporation's reality, it changes the minds of man
in other words, this move has nothing to do with the business of growing and selling cannabis, this move is about manipulating us, we are literally paying Bruce and lawyers and banksters to manipulate us - does nothing for long term shareholders, doesn't look good
What we are saying is a stock like aurora has some premium to their market value because their stock is ten bucks? I must admit that some cheap stocks seem to get an edge in that way, I am just disgusted by the idea it would make a difference
That's like saying when you go to cash your paycheck you prefer getting small bills because you get more money in your wallet. But you prove my point
In my opinion, the only decent reason for a stock split is psychology. I believe this move to split the shares has something to do with Auscann? I don't know, shouldn't matter in the long run, shouldn't matter to institutional investors, pros, anything like that.
It's an attempt at some sort of psychological manipulation of retail investors...it is marketing....SALE - instead of a half dozen you can get 6 for the same price
The equity is still sold at market price as always, they just cut it up into smaller pieces....it is really dumb imo, and the new compensation plan is too rich in my opinion....they call it equity but it isn't all equal
RBC now says 38 bagger, that was cumulative at end of June, went down since then, but for a time it was over 3800%
In Brazil, the National Sanitary Surveillance Agency authorizes the import of some Cannabis-based extracts for the treatment of certain ailments, always with medical prescription. If you have a health problem and you think Cannabis might be beneficial to you, make an appointment with your physician.
probably they are in the business of ripping off WEED shareholders
yes I must admit that was a dickhead post, my bad, might work out in the end I guess, at these prices I think the entire market is overvalued, and so I believe that major diversification is a bad idea....
anyways, I got enough problems right now I really shouldnt even be on this board
I mean I was thinking maybe we would see $40 after a couple years of legalization, i honestly have no idea what I am doing anymore, three years ago I knew.....but not anymore
peace to all, sorry
i dont know what you mean, I sold 575 shares at 43 and change....24,956.55 CAD
all i got left is 1030 weed shares, but if things go my way I plan on buying more weed in a few weeks
i believe it, two days ago you wrote kaboom, back to 35.....I say that was a good call, congrats
Jun 19, 2018 Sell WEED -575.00 43.42
for buy and holders that might be true.....I am smiling, watch TSLA, 2 weeks, I am putting up a preemptive 'Told you so' right now, you will see
that is just crazy......i have always wondered who is it that buys all that crap, nice to meet you
Doesn't matter at all, a share is a share, they are the exact same thing with two different labels and traded in two different currencies....
No matter what currency you use, the outcome will be the same, although the ROI might look different during periods of currency fluctuations, in reality the same increase or decrease in value would occur....
Coke is dope, I am no expert but from what I understand they have bottlers in other countries that license the brand and formula....see that happening with a.corp like auscann for instance, we provide the genetics, the brand, the packaging scheme, etc....they do the work and hand over royalti
Also, I think that is what Bedrocan was trying to do, but Bruce had other plans, Bedrocan can never be a global cannabis company because Bruce clipped their.NUTZ
Best deal ever, start of a global revolution and Bruce took a twenty year old company down with some paper
Interesting question.....I believe that the cannabis industry will be all about brand, eventually CGC will do very little actual growing the cannabis...
I think they will be all about refining the base ingredients into consumer products, their this morning confirms this, they are dismantling grow rooms, turning them into clones and prepacking rooms...
They are going to diversify their supply chains, eventually it will be like Monsanto....they will breed the genetics and contract with farmers to grow it, and like Coke in that they got the premium brand but other producers might bottle the product....
Got to admit, I like these down movements, sold more at 43 and change, only got at 20% weed right now, but I am hoping to buy it back in a few weeka, hopefully Tesla blows up like Elon said it would
I wonder how that is going to work, if the government let's any and every company expand production with low low capital costs of a farm with a fence around it......if companies are allowed to compete normally then it shouldn't be long until the price of cannabis drops to dollars per kilo instead of dollars per gram
That right there, that is why the whole Rivers deal pisses me off, as long term shareholders, we once owned 100% of what eventually became Rivers....it was our name, our opportunity....and most of it was sold off to private investors....and now we have a choice...and I for one am in no position to judge which of these corporations represents the best value proposition.....
What it is is an extreme private dilution and separation of the stream financing arm of Canopy Growth, as a shareholder I find it very hard to believe that this was done in this way for our benefit
They bought $200 million of those convertible notes CGC recently issued, they are providing financial backing in the form of debt financing