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If I'm down come end of Dec. I'll sell for tax reasons but I'll buy right back in after that. Otherwise, I have zero reason to sell. I diversify enough and keep enough liquidity to not worry.
Perfect, thank you.
Interesting find. Why export when you can expand. We will see, my biggest focus is on who will be the new CEO and their compensation. I also don't like the Chuck unexpectedly resigned from the board.
Then it also appears you fail at reading comprehension as well. DBrown handed you the answer.
I'm not entirely sure how it is in Canada but in the U.S. If a shareholder owns more than 10% of a company's outstanding shares of stock their shares become "restricted". At this point they are subject to certain rules, they may only be able to sell/buy a certain number of shares in a given week, and must file a report with the SEC whenever they buy/sell any shares.
Any insights from my friends north of me?
Good afternoon,
A response isn't necessary. It's a good thesis based on educated historical precedent. I have little interest in defending my investment with Fannie and Freddie, I know what I have and anyone saying otherwise will not change my mind. The vise verse is probably the case as well. I also don't understand the psychology of vocal negativity on an investment made. To me it reflects lack of conviction or due diligence. The moment I think an investment is bad, I get out and have no need to post on a board dedicated to said investment.
If I were to panic every time I see my account/trade go red I would likely have never made money to support this hobby. I've been down as much as 60% at times in a single play but stuck it out, heck I've even purchased more. Why? Because I know the PPS doesn't always reflect the strength of the play. That same play that made me see red 60% ended up making me a very nice mint. That's not say I wont take losses but those decisions are made with a great deal of self control and due diligence.
I won't hound you with more lecturing after this post but I would like to again give the advice that trading should not be an emotion driven endeavor and looking at the PPS on plays like these (distressed stocks) can drive anyone mad. That is, until you win them.
A PPS of 1.00 or 10.00 here doesn't matter until the end result. The end result is going to be much more impact-full and life changing, win or lose.
I just placed a limit order for 2K shares @ 2.10 TWMJF.
Let's see if it gets filled. I'd love to average down some more.
You need to open a margin account, call your broker to ask how you would go about doing so.
In some cases with hot stocks like TSLA and APPL brokers call you and ask you for them lol.
Another thing you can do is lease your shares out to shorts and make them pay you interest. This works best for long term plays. Let your shares make you money. =)
I find it interesting that the folks who post incessantly on down days are nowhere to be found or were posting only as the markets opened. Agenda driven or just live for the negative vibe perhaps.
Tim tells us to "keep the faith". I don't need faith when I have facts.
Fact: There is no U.S. housing market without Fannie and Freddie. The markets keep asking private investors to take on the job of Fannie and Freddie and they always emphatically answer "No".
Yeah that's a good site to get a pulse on the sector. Which is hitting new lows. It may be time for the new Green Rush soon.
Even it were I imagine they have an effective system to ship oldest to newest. Not my worry.
My worries about Tweed are much more sector related at this time and out of my hands.
Funny thing is I expect one day, maybe a few years from now to see "Rare fungus infects plants, cost of product expected to rise in 20xx". It will become a commodity just like anything else that grows. lol
Think of it this way. I have a vegetable garden, banana trees, mango trees, and lemon.
Yet, I still purchase these items from the grocery store. In order for my personal demand to be met I would need much more of my real estate space to be occupied by these plants. It's just not worth losing more real estate space to grow more. This does not include the time I need to spend nurturing/tending to these plants. My time is more valuable than I'm willing to put into more plants.
The space and time you need to grow your own MJ product is more demanding from what I have read. It's not say there are people out there who are really into it and are willing to pay such demands, not unlike creating your own brew. I don't fear growers being able to grow their own product, there will always be demand for regulated, easy to obtain product. Look at Canada right now. People can still grow their own yet all these LP's are showing up and obviously selling pretty steadily.
Perfect example of the consumer attitude towards regulation of this market. It's why I'm in it.
? That is good news.
None of us have a crystal ball so to say we are going up or down the rest of 2014 and first half of 2015 is disingenuous.
Market conditions change at any time and markets become bullish or bearish at any time.
The market isn't easy, it it were everyone would be doing it and all rich.
You feel nothing will happen until 2015, I'm of the opinion that the market will get a bull run at the end of the year. My opinion is based on historical precedence.
I absolutely can be wrong. Even if I am, I don't care.
As I've said, I'm long until Tweed the company shows me I shouldn't be.
Patient investors win more than they don't. The most famous of investors make their plays for years not months. That's how you make money. It's not to say they don't play the short term game, but their core is always long term.
That the attitude that has won me plenty in the market. No emotion just solid DD. I take the time to speak with investor relations for my questions, I don't pull answers out of my rear. If their isn't an answer then I just have to rely on my own DD.
If it's not they can terminate the agreement at any time. Not worried, glad they are doing this.
Probably mid/late Nov. No official date has been released.
I disagree that people wont pay more for regulated MJ vs. street MJ.
The illusion/reality of "safer" is always going to pull in plenty of people.
I for one would pay more to get "safer/regulated" MJ if I were in such a position. In the end it will all come down to what the Q is reported.
It really is a matter of first hand experience.
Even though it can ruffle a persons feathers to see such huge drops, more often than not if proper DD was performed the "balls of steel" will get rewarded.
I would not be surprised by a complete reversal by the end of the day. I don't have a crystal ball by any means but it's happened many times before here and in other OTC plays. Make no mistake, this is an OTC play even if it is a solid company.
Forgive me but I have long lurked these boards as I purchased into this play two years ago. I rarely have anything constructive to contribute and frankly many here do a great job of keeping us up to date.
I purchased into this play knowing:
* This is a distress play stock. Full of manipulation and likely a multi year hold. Why hold? Tax liability reasons.
* If this is your first distressed play then you're getting quite the education. I remember on AAMRQ in the time span of two hours it tanked 50%. Over the next few weeks it recovered some and eventually it became my second biggest win to date. I suspect FnF will be my largest when this is all said and done.
* If watching down days is difficult for you, in all honesty you should not play distressed stocks. It's bad for your health and general sanity.
I'm fortunate in that whether through nature or nurture I am a very patient person and confident in my plays. Sometimes it takes years, sometimes days. That's why I can play these stocks without getting emotional.
* There is nothing saying that you can't risk selling the shares now to find a lower entry. I've done this at times but I'm not doing it now. I think we're getting very close to the end of this show. Anyone who thinks the market is manipulated is not paying attention. That's why performing your own DD is so critical. But it is important to pay attention. If you can tune into how emotions will play into the stock you can make some quick cash.
* I care about my reputation on and off line. I will share my honest opinions and thoughts. It doesn't mean I'm correct but it does mean that I want the people to win at this game. It's what we are all here for. The payout. I have no idea how this will end up, but I do know that fundamentally there is no housing market for the lower and middle class without Fannie and Freddie.
*Can this be scary? Absolutely. If it were easy everyone would be doing it and rich.
Absolutely something we should be mindful of but realistic as well. I love watching industries grow.
Yeah, but it's something I'm keeping an eye on as it would bring margins up and open up a new market. I love a company with minimal waste.
BTW thank you for all the DD you're posting. It's incredibly helpful.
It can be done as it was written into the law but it's not something I think will happen any time soon. Domestic demand must be met first.
The largest legislative hurdle is in the U.S. as it is still schedule 1 on the federal level. Once that gets removed we can start to see import/export rules in the U.S.
Thinking it might be a good time to add some of my profits from other plays. I'll watch for an entry this week.
Pending items I'm watching for:
PR firm approval by TSX Venture exchange.
New CEO
Continued roll out.
Plan for edibles.
I like this. This is good news for us.
Our biggest issue as current investors was volume.
Not worried at all.
I stay away from IPOs as a general rule. I also don't like that BABA is using a work around to skip Chinese rules on foreign investments.
The IPO is based out of the Cayman Islands. I don't trust China one bit.
The entire sector is getting hit hard in general. This time last year was the same. Interestingly enough this time last year the sector was lower than it is now even after the bubble popped. Not by much and not all of them.
Some Google Stats I look at to smell for a sector change:
https://www.google.com/trends/
For Tweed:
https://www.google.com/trends/explore#q=Tweed%20Inc%2C%20Tweed%20Stock&date=today%2012-m&cmpt=q
For MJ stocks:
https://www.google.com/trends/explore#q=Marijuana%20Stocks&date=today%2012-m&cmpt=q
Now together:
https://www.google.com/trends/explore#q=Marijuana%20Stocks%2C%20Tweed%20Inc%2C%20Tweed%20Marijuana&date=today%2012-m&cmpt=q
Look at events that trigger bullish interest and you might be able to catch the runs.
Could not have said it better myself. Cheers.
A reminder fellow investors. Try not to feed the trolls.
They only come here spitting venom without evidence to back it. When you challenge them to provide evidence, they disappear back into their caves or get on the defensive. Anything but provide evidence. Just looking at their post history is evidence enough of their agenda.
Very good news for the sector. Edibles ahoy. This will add to the bottom line and cut waste.
Thank you for posting the article.
I'm not a fan of SEEKING ALPHA be it bullish or bearish.
Using this article as an example it lacks important details and focuses mostly on negatives without properly explaining items such as; the seizure of Tweeds shipment of plants did not cost Tweed a dime. An argument can be made that time was lost growing, therefore money was lost as time=money. But that's a moot point.
Frankly SA is amateur hour.
Good sources I like to use for business news:
Kiplinger - http://www.kiplinger.com/
Bloomberg business week
Oxford Communique
Investors Daily
Business Daily
Just good sources written by business folk instead of news reporters.
It's off topic to this board but there are three Canadian public companies for MJ, two of which I know are shipping product.
Tweed: TWD / TWMJF and Bedrocan: BED
My bet is mostly in TWD but the volume and PPS action have been awful. For now I'm patient as I look at these plays long term.
I'm looking for an entry in BED but I'm in no rush.
That being said, back to XIDE.
I'm of the opinion that commons will survive. The company and it's employees seem to be keeping steadfast and there aren't mass voluntary exits.
Thus far volume is awful this whole week. We need some catalysts. In time.
Great finds. The more DD the better. Perspective and moderation is key to beating markets.
Happy for you, you kept the steady hand and know what you have. That's how you beat the market.
If this is indeed important to you, please allow me to advise you.
Get out of Tweed. You seem to care more about the day to day PPS than the long term possibility of this industry. Seemingly lacking in patience and fundamental understanding of the markets.
Low Cap, emerging market stocks are like this. This is playing out no differently.
Last April I purchased shares in a small South American cell phone manufacturer. Similar share structure, daily volume avg, and it ranged in the same PPS the entire time as Tweed. At one point I was down 30%, did I panic? No. I averaged down and purchased more. Why? Because I did my DD and knew what I was getting. I also know how markets work.
Finally since Monday it's been sky rocketing and yesterday it had one of the best gains on Nasdaq (41%) with almost 25x the average volume. I knew what I was buying but I also knew I had to wait for the fickle, emotion driven market to catch up.
Now, I won't presume to know how you trade or if you are successful or not. It seems to me you are either A) New at the market B) A swing trader C) Disingenuous. I may be wrong but that's how your posts come off as.
Yesterdays PPS drop was large, but had way less than the average volume behind it. In other words, it means nothing. 76K shares were traded and my morning post showed just how ridiculous the PPS movement was based on the volume. I don't care if it goes up 100% if it isn't backed by volume.
I can't predict the future, I can only go by historical precedence and my knowledge of the markets. Can Tweed stock stay in limbo as it is now for years to come? Sure. Can it take off tomorrow out of nowhere with 25x the average volume? Sure.
I think we all agree that eventually MJ will be legal, be it months or years in the future. I've made my bet accordingly. What's the silver lining? If I hold on to Tweed shares for over a year my tax liability is reduced.
If it doesn't pop by the end of the year I can sell and put the losses gains my years gains on my taxes. Then I can buy back in.
Thinking same thing. Depending on the terms, we might be in for some wild PPS action.
Let's see if we can break the pattern and get a continuation up from yesterday. The early volume seems to suggest we might.
It depends State to State but for the most part every grower needs a license. Florida, for example, will be modeling after the Canadian model. Legislators like the Canadian model over, say the Washington State model.
My hope is that Federally Marijuna will move from Schedule I to a lower tier. Once it gets off Schedule I investments, banking, trade, ext can begin without fear of federal repercussions.