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  #6171  
Old 02-16-2019, 12:22 PM
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GregWeld GregWeld is offline
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Anyone like NASDAQ: CRON for long term?

Ive got rail, oil, renewable energy, semiconductor, medical devices, and auto in my portfolio currently but am not in any organics per se.

I’ve got 9,000 shares of Canopy Growth (CGC) —- for no other reason than it’s Constellation Brands association.....

These are going to be very volatile — and who knows which one, or ones, are going to be take over candidates - or actually make it etc.

I think you “have to” be invested in stuff like this — in a relative way of course - and the younger (more time) you are the better.
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  #6172  
Old 02-17-2019, 09:22 PM
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If you look at the charts, pot stocks are like potheads: not all that trustworthy. They get sold off en masse on a daily basis. Try Ford, maybe after they go bankrupt from recalls . . .

If you don't have an eye on it every day, the pot stock will take your money and spend it on batteries and Cheetos.

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Originally Posted by barrrf View Post
Anyone like NASDAQ: CRON for long term?

Ive got rail, oil, renewable energy, semiconductor, medical devices, and auto in my portfolio currently but am not in any organics per se.
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  #6173  
Old Yesterday, 01:03 PM
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If you look at the charts, pot stocks are like potheads: not all that trustworthy. They get sold off en masse on a daily basis. Try Ford, maybe after they go bankrupt from recalls . . .

If you don't have an eye on it every day, the pot stock will take your money and spend it on batteries and Cheetos.
You know that not all growers are for medicinal smoking right? I think with states considering it legalization that there is some potential but I agree its going to be volatile and who knows which ones will be the winners, like the next cryto craze.

But something that is happening quietly, imo, is the rise of CBD consumption. The rise of CBD consumption in the pharma industry would seem to indicate a demand. And with the talks of beverage companies coming out with CBD infused products, I dont want to miss an opportunity for good growth.

Idk. Could also just be a flash in the pan.
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  #6174  
Old Yesterday, 02:26 PM
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You know that not all growers are for medicinal smoking right? I think with states considering it legalization that there is some potential but I agree its going to be volatile and who knows which ones will be the winners, like the next cryto craze.

But something that is happening quietly, imo, is the rise of CBD consumption. The rise of CBD consumption in the pharma industry would seem to indicate a demand. And with the talks of beverage companies coming out with CBD infused products, I dont want to miss an opportunity for good growth.

Idk. Could also just be a flash in the pan.
We never really know about “new” industries like this — all you can do is to be your own “brain” — is this something you see as having potential — can you “afford” to gamble with some portion of your investable assets and see it potentially go to zero - or can you stomach the assault that is surely going to hit you with every up and down?

Investing like this is NOT 101 —- it’s for more advanced investors who understand all the possible pitfalls and possible upsides.... In other words — who the heck knows??? I sure don’t. But I can afford to put some dough up and see where it goes. It’s not for the faint of heart.
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