Stocks

[oldno7]

Canopy's price target has recently been moved to $74

[oldno7]

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

[oldno7]

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.

[oldno7]

last buy--$44.65

[DirkHammergate]

Nike closed on an all time high... that’s weird.

[oldno7]

Nike closed on an all time high... that’s weird.

not really

[DirkHammergate]

not really

Agreed, you'd have thought so on this board a couple weeks ago.

[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????

[rockgremlin]

^^^ 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.

[Iceaxe]

^^^ 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^^^

[oldno7]

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?

[rockgremlin]

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?

[Iceaxe]

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?

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.

Also, if our economy ever totally tanked bullets will be worth a lot more than gold.

[oldno7]

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?

This has been one of the largest bear markets in gold, in history.

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.

[oldno7]

I own a bunch of lithium and it looks like a turn to the upside.

Target in lithium is $40+

Currently $32

[oldno7]

Platinum might be my first buy.

[rockgremlin]

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.

[rockgremlin]

Platinum might be my first buy.

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.

[rockgremlin]

Damn where's @oldno7 lately? The cannabis market just went KRAZY.

Aurora up 18%

Canopy up slightly at 3%

[oldno7]

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.

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.