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the point of buy and hold is not everyone knows exactly where the stock is headed from here to there, could be this stock never makes it down to $13, and anyone posting on ihub about it is just wasting their time and missing out on real profits....
could be the $21 that we saw the other week is the lowest it is going to go this year....
yep, like that one with a red line at 32k......it was at 32k sometime in the past, and it is close to that level now, I guess it is not fair to call it bullshit, it is a nice line between two points on a graph, but it doesn't tell you anything about the future.
i mean what is that line? are you saying that anything that makes it to 32k must get there again at some point? Are you saying that this particular thing, whatever it is, is at or above it's all time high?
I guess it is just wrong to call it complete BS, when I was a kid I played connect the dots, I have nothing against lines or graphs, I guess it would be more fair to say it has no value whatsoever to me, because I am here to make money, not to play with MS Paint.
i mean maybe you can explain it to me, I like to think I have an open mind,
sorry but I must conclude that these posts of yours only confirm that TA is complete BS
I would say there is a greater chance of it going down then for it to go up, in my opinion....
think it needs to show outrageous financial performance to justify it's current market cap - one thing that really gives me pause is the production numbers from last quarter, they are going to need to grow very, very fast....
but there is that legalization thing coming, and speculators can make anything happen short term,
short term I believe the chances are about 50/50 it will go up, with an equal chance it may go down
do you have a prediction?
my grandma used to call me that, she said I was a bullshit artist, and also, i could fall into a bucket of shit and come out smelling like a rose....sucks because right as I started doing really well here, their health failed....when I tried explaining to her what I was doing she was just really worried I was doing something illegal - she didn't understand it
I get your point, but what do you do? index fund? I'd rather try to do good, get lucky and call it skill, and assume everything will continue as is
those look extremely interesting, i disagree with the idea that 'we cannot predict'. I am a proponent of determinism but want to read these books for sure!
what do you think of the efficient market hypothesis? Is there a way to beat the market or is it all random chance?
http://www.businessinsider.com/warren-buffett-on-efficient-market-hypothesis-2010-12
you mention reading the second paragraph and "they cherry picked a stock that had very flawed fundamentals to begin with that no one knew about"
from the second paragraph
'Just over two weeks later, a newly published fundamental research report proclaimed that as much as 90% of Gowex’s reported wireless revenue was fake. Gotham City Research concluded that the company had no value as a going concern and set its price target at €0.00.'
you post is bunk, what do you mean by 'reading' exactly? I mean be real, a third grader would tear your post apart, talk about confirmation bias!!! I read 5 sentences and its wrong because it doesn't fit my outlook, wait, what did I read?
from the 7th paragraph
'objective analysis' is an oxymoron, have a little respect for the English language.
if your lines were objective than any number of observers would draw the same line. It would be a property of a chart that could be easily measured, and one could conceivably build a machine to detect this property and measure it.
fact is it is subjective, measurement is objective, analysis is subjective.
objective facts about charts - they are rectangles, the color of your lines are black, they are digital, not analog - these are properties of the chart that any number of observers would agree to, you can measure it, confirm it....
“When analytic thought, the knife, is applied to experience, something is always killed in the process.”
? Robert M. Pirsig, Zen and the Art of Motorcycle Maintenance: An Inquiry Into Values
this is a very good book on the philosophy of the objective, the subjective, and the nature of 'quality'
read books, not charts my friend, you'll be far better off. Intelligent Investor by Ben Graham out to be required reading before getting a brokerage account......finance industry wouldn't like that though
price is what you pay, value is what you get. Charts cannot and will never say anything about the value of a corporation - these are facts, this is truth
technical analysis is complete bullshit. It is low quality....
“For every fact there is an infinity of hypotheses. ”
? Robert M. Pirsig, Zen and the Art of Motorcycle Maintenance: An Inquiry Into Values
for every chart an infinite number of lines could be drawn and predictions made, and only one of them will be correct
i think one of the most important things about investing is a deep respect for truth and reason.....
when i saw the BMO deal i was thinking about the articles out there about people wanting to short WEED but having no avenue to get there.....
i believe that these people secured a guaranteed source of WEED shares by contract (called underwriting)....they sold those shares before ever receiving them, they borrowed them back and sold them again (shorting), and bought them all back under $24 CAD
just a theory of mine, i don't know, you would think Bruce would have wanted to sell more shares at $34 CAD without options.....than $13 CAD with three year options attached.....
if his patterns were truly objective, why would you need to ask him about it?
objective -
of or relating to something that can be known, or to something that is an object or a part of an object; existing independent of thought or an observer as part of reality.
those patterns do not exist anywhere but in the mind of the observer, they are most definitely subjective....
word of the day is....https://en.wikipedia.org/wiki/Apophenia aye poe fee knee ahhhhhhhhhhhhhhhhhhhhhh
to thy own self be true my friend......
“Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie.” —Miyamoto Musashi.
when did you first buy WEED? You'll be alright, got to wait a while for the actual financial performance of CGC to move the stock, these short term ups and downs don't mean much in the long run if you buy and hold....
dollar cost averaging on a good corporation with a future might be the way to go, start with a small investment and rejoice when it drops!
that just brings me back to February 2015, still remember making a fat list of securities to choose from, closed my eyes, turned around three times, then played pin the tail on the stock.....
alright, but right now my main concern is preserving the capital I do have instead of trying to get more rich....this performance cannot continue....WEED is now a fraction of one of my accounts....about 1/3rd. If WEED ends February at or below $30.69 then I would have dramatically outperformed WEED, that I know....but if it is much higher than that I will have underperformed
here's to future growth! past growth was between 200 and 299% annualized between my two accounts, three years compounding, ain't that a trip. When did you start buying WEED? was is TWD, BED, CGC, MT or WEED, what price?
ok, but this is only up to the end of January. Mostly the change is between the closing price for December ($29.74) and the opening in January (where I sold everything at $30.69)
February will be more interesting....the blue line is not as steep because i bought some ETF because I didn't know what the hell to do with all that money, now the blue account (my RRSP) has a couple GICs, XDV (canada dividend ETF) and WEED. The red account was cashed out completely, although Monday and Tuesday morning I made over 29% ROI in that account...(TFSA) and cashed out again...($7k to $9250)
oh yeah - my RRSP shows up at 2500.15% according to RBC. Just shy of 3 years. I started investing 3 years ago this coming Tuesday...and yeah, I will be printing it, framing it, signing it, and hanging it in my office (just as soon as the addition my trading paid for is completed, that is where my 'office' will be.)
https://4.bp.blogspot.com/-eSL2AFkMCzE/Wn5fewyKmgI/AAAAAAAAANs/svmWcxaY__EHpA3-UzLkzbQk4kVO31LugCLcBGAs/s320/Capture.PNG
check it out annualized - kinda stupid
to me that just doesn't make sense - a chart about the future? Charts only tell you about the past, they are an ordered visual representation of trades gone by
imagine if instead of stocks they used puppies to represent equity in a corporation! Logistical nightmare but it would be worth it
I picked some shares up today at $25.45....and it went up over $2 a share and I didn't put in an order to sell....think I am going to hold what I got for a while
how did you get burned? buy high, short low - good luck with that my friend
it's like asking why Coca-Cola is in brazil.....
couple of things - first of all the deal CGC made with BED clipped their nuts, we got the entire hemisphere locked down...
all that stuff about 20 years of stabilized genetics and exact growing conditions...gave us a massive head start on the medical side.
with bedrocan brasil, what is most important is the public/private partnership....Entourage Brasil and some University are working together to do testing and trials and studies on cannabis for potential patent able medical applications....
this explains it all in plain Portuguese.
i think you may be right about that....
Nice DD! actual information about CGC that isn't in a press release, killing it!
unethical, disgusting and profitable....
this investing thing is measured in dollars and cents, not by how fair the world is
anyways, think if we are going to discuss corporations profiting off the misery of people - think tobacco, alcohol, pharmaceuticals, and defense contractors as a start....barking up the wrong tree
I know, seems i can't trade right now with RBC, was going to sell some more just now, but I can't place an order.....not just WEED, doesn't show quotes either
it seems they are updating some details on their web application - the word 'buy' has been replaced by purchase, and 'sell' replaced with 'sale' - the words 'show rating' instead of 'get quote'......
thanks so much RBC! I can't trade and the website looks bunk as phuk right now, but at least you are trying!
thanks for reminding me about those guys! I forgot to make a cash withdrawal, sometimes it takes more time to withdraw the money than it takes to make it, something about trades 'clearing' which is just another way the banks like to screw us over - settlement date?
made about 29% ROI in 24 hours and 10 mins!
i believe they are overvalued, lot of risk at these prices
WEED shares are going to go down from here
reality is these prices are stupid, we got a bunch of people up in here from all over the world that are betting on cannabis because it isn't legal now, but soon will be....
but the average market cap for the 20 largest public cannabis corporations in Canada is over $1 billion right now....
it is straight up out of control and I love it!
As of the date of the MD&A, the Company [AURORA] had the following securities issued and outstanding:
Securities
February 7, 2018
Issued and outstanding shares - 489,922,167
Options - 23,205,223
Warrants - 8,787,516
Restricted share units 50,000 - 2,150,000
Convertible debentures - 428,462
I just bought more at $26.6....this is so, so nice.....volatility is dope when you got that feeling...
You know if it were me I would turn one of those fancy royal sceptres into the Crown Pipe of the British Empire, and I would light it with the Olympic torch while wearing a big red robe, sitting on a lawn chair outside buckingham palace, so dope, have one of those funny guard people hold the Royal stash for me
things are just beginning in Germany, but yeah, if you compare any LPs revenue with their market valuation.....the revenues are always miniscule.
The market expects massive growth in this industry, and billions in annual sales, billions in earnings industry wide will be necessary in order to begin justifying the prices paid on these stocks today
is that so? are we well on our way to achieving new highs? LOL, yeah, few more days like yesterday and we ought to get there!
Just need 59% increase in price, and we will be there
What we need is the Queen to show up and just legalize it by decree....she is our Queen and the head of State and she never does a damn thing!
Too busy with England I suppose, but she sucks anyways. I mean who are these people? If I was Harry I would be puffing royal buds all day - that is for damn sure