Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
We could see a dead cat bounce, particularly in the Salamis because people feel as tho they're cheap now. GRNH has been woefully weak this run which is pretty terrible but I see MJ stocks running again either December or for sure in January.
I am going to guess early December or January as folks anticipate the MJ laws going into effect.
Anyone can speculate what will happen tomorrow. All I can say is watch for GRNH to test its 200 MA at .057. If it closes above that it could rebound. If it closes lower than that, it's a sign that it will probably head lower for now.
agreed and porky we both like GRNH a lot. Next year it will run, probably along with the Salamis again. We will be seeing cheap PPS in the next month or so, and then in January or early next year we will see the second coming. GLTA
NO matter what someone tells you, it's up to you to decide whether they are right or wrong. It is completely up to you. We are all adults. No one here is a 5 year old investing into stocks on these forums and can cry about being taking advantage of. Take responsibility for your own actions no matter how much someone told you something, or how much someone else believed in something. If a religious extremist everyday came on here and posted about their religion, would you join because they adamantly believed they have chosen the right path? Probably not. People got caught with their shorts down. I did too, I didn't lose any money but I held on too long thinking the marijuana laws passed on election day would propel marijuana stocks further this week. Always have an exit plan in stocks, especially hyped up sectors. We all know what goes up, comes back down. Did you guys really think a 3000% rise in a stock was going to be held? It feels bad not gaining but I don't blame anyone for my mistakes other than me. I have learned a ton this month and hopefully I will become a better trader. Sleek did a lot of research and laid the foundation for a large short term gain. I envy him for picking these stocks and making a ton of money, isn't that what we all want here? Gains? of course we do, so we can't be mad at those people. And for those who think it was a pump and dump by board members and sleek and this company and that company: So what if it is? We all traded the stocks anyways. We all wanted to be a part of the ride. We all bought into it. Learn from your losses and move forward. There will be another MJ sector rush so let's all make sure we do better next time !
there could be a bounce tomorrow, what are your honest opinions people?
gah to buy back into this mess for a bounce tomorrow , or to sit on the sidelines and not lose anymore money....
considering buying into the power hour and seeing if it runs tomorrow. But it also could be the same blood bath tomorrow with a gap down which would ruin me again. I want to make up lost profits but I shouldn't risk it atm. Probably best to just same out for now...
don't be surprised if we see another red 30% down day tomorrow folks...
everyone one must realize this run is coming to an end. Is marijuana done forever? No of course not. The next run could start Monday. RSI needs to reset, sellers need to stop panicking and the markets need to settle in general. I believe it'll creep up this month once things calm. I believe another nice run will start in January.
There's a lot of hurt and red accounts today, I know. I am one of them and I eventually sold out for even, which hurts badly because this entire month I haven't made anything. Screwed up big not selling yesterday when it was obvious the markets were going to dump all MJ stocks. GRNH atm looks so enticing around 6 cents. You can see in the 1 month chart that GRNH started to take off at 5 cents so when it approaches that level again it will be a good buy. Long term everyone will be fine, but short term it might be ugly until January. GLTA
I think most people knew the ENTIRE Mj sector was a pump and dump leading up to the election, some just got caught up on the timing.
My account hurt today, and I couldn't bear it anymore. Apart from seeing the selling volume was going to surpass the biggest buying days, I figured we would see a sell-off by now. There may be a dead cat bounce tomorrow but I think most MJ stocks settle back down where they started going up from, a little higher tho. Congrats to all those who made money. I was up over double my account and tried to be a bag holder these last two days because I thought the Mj sector was going to boom after laws were passed. You learn something every day. I am now square this month and it hurts knowing I missed a ton of profit. It seemed way too easy to make money, and I did make a ton, I just failed horribly on taking profits.
Should have waited on the sidelines these past two days. Staring at major red loses not knowing what to do. I think it'll turn back around but I can never be sure.
wow quite the after market trade for MCOA lmao. Bet that makes so many people feel better about their loss today.
Picked the wrong Salami today, AMMJ is getting dumped in the power hour....right before close...hopefully tomorrow is better.
AMMJ getting crushed in these final minutes. Shame :[ hopefully tomorrow turns around. I'm down a small amount but I have to cut my losses if people continue to dump.
I'm confused on what to do. The Salamis have recovered from the early morning dump, but they're inching down a bit. Very interesting to see what happens tomorrow morning in the first 2 hours of trading.
Going to stay glued to my screen lol until then. If it heads down I'm worried about a sector sell off. If it moves up prepare for large green days. GLTA
Yes that is a possibility and one should definitely consider that. Always have an exit plan. I bought back into AMMJ and GRNH. I think people are sitting on the sidelines today because Trump was elected and scared the markets a little bit. They have recovered but people are scared to buy into the MJ sector in fear that it's inflated and overbought. It may take a day or two to see what happens. Of course I think it'll go up but I won't rule anything out. Right now I see a tight spread on L2, MJ stocks seem to be mostly trading shallow.
I mean even so if certain stocks don't run that's whatever, but the sector as a whole should be up. It's acting as if the 9 laws on the ballot didn't pass. It's acting like it got bad news. I think we will run tomorrow and Friday. It is possible everyone just bought into the hype and now that the laws were passed the stocks are inflated and people are cashing out. We will see soon enough.
Every state passed marijuana laws, 9 states. Even the general market has gone back up almost 1%......tell me why the MJ sector is being dumped while everything else is fine? I haven't gotten burned because I sold out but I am really curious why we are not pushing up by now. There's no way this stays down for long, besides from manipulation.
Yeah I bid at times 3-5 cents over the ask on AMMJ and it took 30 secs + to fill and sometimes partially. It was chaos. I'm surprised it hasn't crept up. MM's seemingly are keeping a tight spread on L2. We literally passes the biggest bill for marijuana last night, prop 64....Trump shouldn't affect the markets this much, let alone MJ. We should be booming right now, idk how all these people are selling. I know it'll go back up and a lot of people will be mad they cashed out.
Feel so weak, AMMJ has made a minor comeback and I'm happy with it but I should have bought MCOA because it was being slaughtered in the morning the most and I knew it would have the best comeback. I was too scared :o
Remember we passed prop 64 and medical/recreational marijuana in numerous states last night....I'm waiting for people to come to their senses, then the market will explode. No way this should be down, but I'll take cheap shares....
Bought into AMMJ, but I should have grabbed MCOA, probably could have doubled today >,< oh well.
Who knows if all the outside money will flow in this week, but it should be nice anyways. I guess we shall find out. AMMJ and MCOA already opening up pre-market nicely.
Got my eye on this stock, she could run up anytime now. Prop 64 passed and this is one of the best long term stocks in the MJ game.
No idea what tomorrow will hold, but prop 64 passed as well as other states. Salamis were sold off huge after lunch yesterday so the RSI is reset near 50. That could give it a lot of room to run up this whole week. GLTA
Laughing at all these people selling.....cmon now...
Good point lol. My portfolio is AMMJ and mostly CNAB. I keep thinking about buying MCOA because I'm sensing a huge move tomorrow for it. We shall see.
I don't know exactly which Salami I want to be holding tomorrow. I think I'll stick it out with CNAB, it's been great so far. MCOA though could surprise us with a monster gain tomorrow as it's been consolidating for days now. AMMJ still looks like it can break out too. who knows..GLTA
Yeah if prop 64 passes and most of the other states then tomorrow should be spectacular, as well as the rest of the week. huge volume and price %.
If we are looking at the same thing, on NOV 3 they tried to stay above it but eventually it went down below the gap. So yes I think you are right?
Tomorrow and the rest of the year should be glorious for GRNH if prop 64 passes. GLTA
The gap between yesterday's close and today at open.
so nervous watching CNAB hit 2.60, it looks like it held but if it broke through I may have sold out.
We are seeing quite the sell-off atm, when you would think the Salamis would be running. I think a fair amount of people are cashing out before the election to be safe.
I sold CNAB at 3.3 and bought back in at 2.92, but it wasn't until after I bought back in I thought about the gap >,< oh well she'll be up today. AMMJ should break out too. MCOA still overbought imo.
Well if you see on the daily chart, I did the 1 min candles, from yesterday to today, there's a gap in the chart because the pre-market price of CNAB today was higher than the close of yesterday, hence making that gap in the chart. MM's gravitate towards selling the stock back down to fill the gap. Idk why it happens but it seems to very often.