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This run has been good to me so far. I got extremely lucky when I sold everything on the 3rd (I was just playing the trends). The next day Sessions happened, so I couldn’t complain there. Lots more Green days ahead in 2018. I would imagine once the actual spending bill is good to go, most MJ stocks will go on another run surpassing their 2018 highs.
Yeah you got in at a pretty good price, I had 7 MJ stocks all together and if I would have held onto them instead of selling I would have been down 26% from the 10th until now. A lot depends on what happens these next couple of days, but I don’t expect too much movement in either direction. I do think there will be a couple more red weeks before things heat up again though.
I sold everything on the 10th
I’ve been out since last Wednesday.
Lol these red days cheer me up just fine. If I had to guess a stop gab bill will be passed tomorrow or Sunday. Not sure how a shutdown would effect the market though. Obviously this would be best case scenario for me.
https://www.marijuanamoment.net/government-shutdown-let-sessions-attack-medical-marijuana/
More red days on the way if Senate passes stopgap bill tomorrow.
House votes to pass stopgap spending bill, now it goes to the Senate tomorrow for a vote. Hopefully it passes so we can get quite a few more red days before the next run in February.
Probably around the second week in February.
It’s crazy that people would rather hold onto shares during an obvious decline than to sell and buy back in at a lower price. Just goes to show belief can overpower logic. Shares will continue to fall especially once the stop gab bill becomes final.
I think you mean the Rohrabacher Blumenauer Amendment. Plus the possibility of one or two more. But unless there is a government shutdown, Feb 16th is more than likely the new date.
Not much, other than MJ stocks continuing to fall.
Which is why I’m in no rush to put back in. Prices should continue to fall.
That states that New York will look into the effects of neighboring states legalizing marijuana, but doesn’t come close to saying NY will legalize marijuana. Especially given the governors history with marijuana. He isn’t exactly marijuana friendly.
I was ready for the next leg of the run to begin. I would say greater then 80% chance both those bills you mentioned will be in the spending bill. But man with the way things are looking there could be even another stop gab bill after this one or even a government shutdown in the future.
Again, great work. I like everything you posted. You are just wrong about the first part. Repost that in February
My prediction is all these stocks will be lower come February, and then it will be a great time to buy back in for the next run. We shall see.
And I realize it’s very hard for a lot of people to sell, you always think it’s going to go back up. I dealt with that during the 2016 run. At the end of the day this is just gambling. There is a smart way to play these stocks. The smart play is not to hold onto your stocks and hope for the best. Learn when these go up and down and you will make more money instead of sitting there hoping you will make more money. Minimize your risk when there isn’t a high chance for a large payout.
I have as much loyalty to the company as the company has towards its shareholders. I’m here just to make a quick buck. And those that plan on holding for the long term, I thank you. You have to know when to buy and when to sell. Don’t just have blind faith in a company. MJ stocks are very easy to predict. When there is hype they go up. When there isn’t hype they go down. Next hype is the spending bill. It’s as simple as that.
I would agree if that were true. Was planning on putting everything back in tomorrow until reports of yet another delay. Not saying tomorrow won’t be green but until it sounds like the bill will actually be signed I don’t expend anything great. So now it looks like the next run begins in mid February. Hopefully more red days until then.
I fully expect that and others to be in the spending bill, but’s it’s looking like there will be another stop gab bill to avoid a government shutdown. The spending will deadline will most likely get pushed back into mid February
Trust me, they aren’t selling much of anything lol
The best thing GRNH has going for them is Vertical Hydrogarden, which is pretty much just a fertilizer store. Anyone who lives near Anaheim should check it out for themselves. If you see more then one customer come in the whole time you are there, then that will be more then I ever saw.
A lot of people will bail in these next few weeks. GRNH might hit the .03s and most likely will hit low .04s. I was going to buy back in to MJ stocks on Tuesday until it came out the there will most likely be another stop gab bill. I have no doubt MJ will be protected in the spending bill, but big money won’t put back in until that actually happens.
I’m talking about the whole MJ run, not just what’s happened since Sessions. GRNH has significantly underperformed compared to the others in your portfolio. And that’s with GRNH located right in the heart of CA.
The sad thing with GRNH is that after every PR this year the stock has gone down. Depending on how far this falls over the next few weeks I might buy a few shares in time for the Feb spending bill. State or National MJ news is about the only thing that makes GRNH run.
GRNH is a CA MJ company but has performed terribly during the CA legalization run compared to every other MJ stock. Anyone know why?
I was hoping they would finally pass a spending bill so we would know what protections marijuana would get, but unfortunately it looks like there will be another stop gap bill. Next week was setting up to be a decent week, but now who knows. MJ stocks could continue falling until that spending bill gets passed.
http://www.washingtonexaminer.com/congress-spending-scorecard-so-far-punt-punt-punt-punt/article/2645829
Last year I stuck with GRNH all the way until January. This year I bought shares again, but sold before the run. The only thing I can say is to not bog yourself down with one or two MJ stocks. At least part of GRNH is real unlike another ticker which folded up in August yet that one is still up over 2x from its low lol
I’ll even help you guys out. This was the supposed location for the Igot420 Cathedral City site.
https://www.bing.com/search?q=68374+kieley+rd+cathedral+city&qs=HS&pq=6&sc=5-1&cvid=9F2106F74BDB41DA900F319042FC933E&FORM=QBLH&sp=1
By all means, post away about the spending bill and CA legalization and the MJ run because there is no good news for anyone to report on GRNH.
The only real parts to GRNH are:
1. Vertical Hydrogarden - located in Anaheim. Although that place was dead both times I went.
2. Igot420 - which is an affiliate of GRNH. That means GRNH owns less then 50% of the company. How much less? I can guarantee you the number is closer to 0% then it is to 50%
The expected date of completion was October 1st, 2017. Good luck if you can even find the location it is supposedly being built on. Website still says coming soon lol. I highly doubt you will find anything, and pretty sure nothing is even being constructed out there. North Hollywood location does exist, but when you dig deeper into most of Haas’ projects and companies, more then 50% tend to be fake and nonexistent.
Looks the the Gardner/Sessions meeting didn’t accomplish anything
Here comes a bunch of
“I just purchased more shares today”
“I just averaged down”
“Great buying opportunity”
...
Don’t marry any one MJ stock. GRNH has been one of the worst performing MJ stocks during the run, and it has been for good reason. I bought GRNH back in November and sold in December before the run, which I’m glad I sold it. I made a lot more off of a few others then if I kept it in GRNH.
Not that it comes to anyone’s surprise, but looks like Haas has been playing everyone.
https://verticalhydrogarden.com/greengro-technologies-and-cannabrands-ag-joint-venture-launches-vertical-hydrogarden-europe/
This doesn’t look good. Looks like Cannabrands went bankrupt.
https://translate.googleusercontent.com/translate_c?depth=2&hl=en&nv=1&prev=search&rurl=translate.google.com&sl=de&sp=nmt4&u=http://www.anmathe.com/cms/&usg=ALkJrhj1FfK7fk4bAkJO9FTTQz2qsoBCeQ
The potential for what 2018 might hold
http://www.newsweek.com/marijuana-legalization-2018-which-states-will-consider-cannabis-laws-year-755282
The crazy thing about yesterday is that what Sessions said was going to be the new law against marijuana is in fact pretty much the same thing we had before with the Cole memo. It was a headliner that grabbed attention and people panicked. I got lucky that I pulled everything out on Wednesday, was just playing the trends. I feel bad for those that got torched, but I got me some good prices this morning across the sector. If Sessions does not come out with any other news regarding his new policy, yesterday and this morning will just have been a blip on the radar.