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#291
02-11-2021, 11:18 PM
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how bout pfizer tho,
they had a bad drug trial completely unrelated to covid bring them down but everyone forgetting that they were one of the first on the street for the vaccine; regardless of what you think of it, they are going to be hitting big contracts for that for the next several years down low today, i bought a handful | ||
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#292
02-11-2021, 11:30 PM
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yeah unfortunately pot stocks are very microcap and very memey. I am dead scared of them because I tend to assume they are all overvalued. These are all local dudebros who get their community to invest in them as well as take it public. Easy to run in to inflated prices. Pot competition is also very tight at least up here, retail locations do make a killing because of limited licensing/etc but most growers are totally at the mercy of the retail end if they aren't vertically integrated. The only successful pot baron I know got there by being a Seattle jew with a pre-existing alliance to the blacks clique in city council that got him licenses for a bunch of locations. among the less fortunate I've seen like a thousand bags of 30lbs of weed going in the trash because there is nobody to sell to and I guess the stuff rots. Also a family sized pizza box filled with stacked sheets of concentrate, the box weighed like 10lbs lol
It's like Warren Buffett says. If you don't know what the hell is up with a market at all, don't mess with it. So far as I'm concerned pot market is so oversaturated, and stocks are still so dependent on the whim of the state that there's no way I could keep up with them and react timely to arcane news. | ||
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Last edited by imperiouskitten; 02-11-2021 at 11:37 PM..
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#293
02-11-2021, 11:33 PM
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#294
02-11-2021, 11:37 PM
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ye these weed stocks are 40 year investments at this point, literally refuse to sell at a loss. will give them to my illegitimate children if i have to. fuck u reddit
VA just went for legalization tho, apparently they have till 2023 to get it done. if VA can do it so can you | ||
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#295
02-11-2021, 11:38 PM
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#296
02-11-2021, 11:40 PM
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#297
02-12-2021, 01:33 PM
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The thing about weed stocks is...
No one gives a shit about "brand", whatsoever. So, investing in a publicly traded company that sells weed is not all that wise, unless said company can somehow dominate by market-share aka shelf space, while also being the cheapest option available for it's THC and CBD stats. The larger a corporation gets, the more bloated their beurocracy is, which is added costs, meaning they don't scale well, like marlboro does in the tobacco industry because marlboro is able to win by market share, and their branding efforts. | ||
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#298
02-12-2021, 03:13 PM
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I have experience in this space as a businessman. Most of the companies I know that have made an IPO are not good operations, and are leaning heavily on capital raising efforts versus good operation efforts. Their branding efforts are generally made to appeal to potential investors more than consumers. Many of them have a weak understanding of consumers and have grown to be a "large" for cannabis company more through lobbying success in their local region rather than being a meaningful player in the cannabis community.
The robust operators are not publicly traded and do have a brand that has meaning, which they protect. They are vertically integrated. The space (in california) is messy and there are very few I would place an honest bet on but there are some that I would jump on if they were to make an IPO but the reality is that the market isn't that big so I don't think any of the good companies with real stable growth are going to be making an IPO any time soon. And the people that are capable of running a company with a lot of investment money and operating it in such a way that it is actually profitable are not wasting their lives on something that is still illegal at the federal level, so you really don't get the top grade C suite guys on board. Most companies TRY to make it look like they have grade A executives but those execs are generally guys that don't cut it in an industry that performance actually matters. None of these guys are successful virgin group execs that decide to go take a cannabis company to the limit. They are guys who have some existing but insignificant track record at any name droppable company that can appeal to investors that are not the smartest. Not that they are dumb, but I think many of them are duped. It's not like when cannabis became legal all of a sudden everyone over 21 breathed a sigh of a relief and started buying cannabis once a week. When it comes to dishonest twitter bets the stock doesn't matter so who cares.
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#300
03-06-2021, 04:36 AM
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pfizer has NOT been doing well for me, but neither has most of anything anywhere
got another hot take for you PBR down because CEO was ousted due to scandal, literally always immersed in corruption. but the reserves in the amazon and infrastructure petrobras has is immense, wonderful recovery stock, it simply has to come to fruition, despite the short term shitty leadership, could go down to 6. but will definitely go up to 11, in which case you should sell before the next shitstorm. i bought at 7.50 myself, its a holder for a cpl months im not a financial advisor and i eat crayons, just fyi | ||
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Last edited by bubur; 03-06-2021 at 04:42 AM..
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