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
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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