Telsa stock sinks 6% after Elon Musk smokes pot on podcast and top executives resign.
https://www.cnbc.com/2018/09/07/tesl...-cao-exit.html
#DumpsterFire
Climb-Utah.com
Printable View
Telsa stock sinks 6% after Elon Musk smokes pot on podcast and top executives resign.
https://www.cnbc.com/2018/09/07/tesl...-cao-exit.html
#DumpsterFire
Climb-Utah.com
Yeah, as much as I admire what Tesla has done for the future of electric cars, they can't possibly survive for long while they bleed the kind of money that they currently are. All of the forward thinking, and good ideas in the world can't save you from math and cold, hard economics.
That was during a Joe Rogan podcast. Hell who DOESN'T smoke weed during his podcasts? Rogan blazes more weed than a Willie Nelson concert.Quote:
Originally Posted by Iceaxe
I'd be more concerned about Musk's corporate mismanagement than his recreational drug use.
Except the recreational drug use resulted in the decapitation of Tesla Motors, which in itself is a form of corporate mismanagement I guess.Quote:
Originally Posted by rockgremlin
Climb-Utah.com
"Alright folks...you've all paid $250,000 to be strapped into this rocket for a ride in space. Fasten your seat belts!"
"Excuse me while I take a bong hit before the countdown".
Bitcoin if off about 2.5% today.
Sure looks dismal, technically.
Bitcoin ended up off, just less than 2%(much lower,imo)
Canopy put in a doji star, after the high volume day of 9-5, I believe the high is in for a swing high.
Aurora had a good day and finished strong(+2.4%), I have great hopes for it going $8 and beyond.
Quote:
Originally Posted by oldno7
Canopy off about 3% today, thus far.
Aurora up 5%ish
I keep putting in orders to buy Canopy at $45, as I believe it should go there.
It's off about .75 in the overnight.
Canopy is likely a $60+ stock, just going through a pullback, here.
Aurora is up in the overnight, just over $7
I missed out on the biggest move in HEXO but still did well, it continues to rise.
These Canadian stocks have been huge over the last 1 1/2 years, if the US ever goes down this same road the money and potential will dwarf the Canadian market.
Quote:
Originally Posted by oldno7
You mean legalize weed for recreational use in the USA? :lol8: Yeah, right.
It might eventually happen but it won't be for a long time. Like 20 - 30 years or so. The negative stigma surrounding MJ is firmly entrenched because for decades you had US presidents who publicly waged war on it. Ronald Reagan boldly pronounced that "Marijuana is the most dangerous drug in the United States." -- a bold statement considering crack cocaine was so pervasive and prevalent in the 1980's. And heroin of course has always been around. Why MJ was chosen as the whipping boy is beyond me.
AKQuote:
Originally Posted by rockgremlin
WA
OR
NV
CA
CO
VT
MA
ME
Yea, couldn't happen:haha:
Someone is making money, A traders job is to find out who.
a year ago, Canopy was trading at $7.85
Another one I hold is Auxly group, on August 14th it was .56 a share.
Today-$1.20, so far
Quote:
Originally Posted by oldno7
It's still against federal law in all 50 states, regardless of what the states do. For the federal government to all of a sudden just decide to remove and deregulate a schedule 1 drug that has for decades been lumped in with the most potent and dangerous drugs known to man would almost take an act of God.
Not arguing your overall point, although it seems a bit pessimistic, based on what is actually happening.Quote:
Originally Posted by rockgremlin
My point is, I like the idea of making money with stocks.
Currently, cannabis is the hot ticket item.
Canadian stocks do outperform the American equivalents for the reasons you argue.
BUT--there are US trades...
Look at INSY, I've traded this with good success.
My idea is to get ahead of the curve and profit.
I don't see battery operated vehicles as a current option BUT, I see it in the near future, so, I bought thousands of cheap shares of Lithium and Cobalt companies.
I am upside down on both currently but will hold them for an obvious eventuality.
There are "trades" and there are "investments", success can be knowing the difference.
At midday:
-- Canopy down 10%
-- Aurora down 8%
Was wondering why Oldno7 was so quiet today...
I just filled up on Canopy again at $45.70Quote:
Originally Posted by oldno7
200 more Aurora
Canopy's price target has recently been moved to $74
I've got just enough cash to buy again if canopy goes under $45
At this point, I'm good either way.
I'm down about 5k at these lows,mostly from holding Aurora, hopefully up from here..
I was up about 7K the last 2 days
My target low for Canopy was $44.32, when it hit into the $45's--down from $56, I had to buy.
Still might hit my target, thats why I'm holding a little cash.
last buy--$44.65
Nike closed on an all time high... that’s weird.
not reallyQuote:
Originally Posted by DirkHammergate
Agreed, you'd have thought so on this board a couple weeks ago.Quote:
Originally Posted by oldno7
When you follow stocks, any stock, they always have immediate reactions to news, whether good or bad.
In a short amount of time, they resume their natural cycle.
I look at nike for 1 reason, is it tradeable?
At the current price, I wouldn't but that's just me, I buy on downswings not at market tops.
Now, just because we have a new high, does not mean it can't go much higher but I think nike, taking a political stance, will eventually become baggage.
I don't support what they are doing but they are playing the game of Capitalism, where the consumer decides, kinda like voting with money.
They took a gamble and in a VERY short term, it has paid off, longterm????
^^^ One thing I've learned is if you trade on emotion you'll soon go broke. It's best to gauge where a stock will end up long term over what it's doing in the present, if that makes sense.
^^^THIS^^^Quote:
Originally Posted by rockgremlin
I've been watching a sector that may have some interest to some.
I will be buying precious metals in the very near future.(Gold,Silver,Platinum)
Lots of ways to buy:
Companies based on precious metal mining.
Mutual funds
ETF's
commodity
Check them out, what do you guys see?
You looking to buy precious metals as a safe haven or what? You strike me as a guy who likes to keep his money moving. Typically folks invest in precious metals if they suspect the economy might take a downturn. Buy gold and ride out the storm. As I understand it, it's more a strategy to hold on to your money instead of generating income. All of that said, what's your motivation to jump into metals?
I'm buying bullets and assault rifles. The prices are way down at the moment and you just know they will skyrocket again next time we have a Democratic elected President threatening the 2nd Amendment.Quote:
Originally Posted by oldno7
Also, if our economy ever totally tanked bullets will be worth a lot more than gold.
[emoji631]
This has been one of the largest bear markets in gold, in history.Quote:
Originally Posted by rockgremlin
Just need the right set up to enter.(next week)?
Definitely thinking as an "investment" not a trade.
You are 100% correct on trading in and out of stocks short term, there is little that I hold long.
This will be a long term goal. I expect between a 50-100% return.
I stated before, I like to buy in down trending markets, if they meet my criteria, precious metals are getting close.
I'm thinking only going about 10% of portfolio, so, not all in or anything like that.
Look at the charts, I see one more level of support I want taken out and I'll buy.
Hopefully with a little capitulation to confirm my thoughts.
I own a bunch of lithium and it looks like a turn to the upside.
Target in lithium is $40+
Currently $32
Platinum might be my first buy.
Lots of speculation and over hype surrounding gold. I remember when gold was flirting with $2000/oz. and all the speculators were all claiming gold was on its way to $3K and beyond...
...and then it fizzled.
Quote:
Originally Posted by oldno7
Platinum behaves slightly different than gold. I agree platinum could be a strong buy since its current $800/ounce price point is pretty low considering it has been fairly steady above $1000/ounce for the better part of the last decade. The last time platinum saw today's prices was back in 2008, just after the housing bubble burst. But even then it recovered into the $1400 - $1800 range fairly quickly. It may be poised to rally back into that range soon.
Damn where's @oldno7 lately? The cannabis market just went KRAZY.
Aurora up 18%
Canopy up slightly at 3%
As of today, I am completely out of pot stocks, my overall acct is up 60%+/- ytd.Quote:
Originally Posted by rockgremlin
The jump yesterday was the coke announcement.
Trading was halted this morning because the exchange commission said something was amiss.
Aurora came out and made a statement that they talk with many industry partners but they have made no deals with any beverage company.
NOW
Having said all that...
I believe Aurora is going higher, likely much higher.
They announce earnings on the 25th.
I'm looking for a pullback to get back in.
Yesterday was my best trading day, yet.