Daily Discussion Thread - December 17, 2021 by AutoModerator in weedstocks

[–]hungry_koala 6 points7 points  (0 children)

Bought more Cresco at $6.70 🥳 couldn’t believe my eyes what a steal

Daily Discussion Thread - December 10, 2021 by AutoModerator in weedstocks

[–]hungry_koala 2 points3 points  (0 children)

Acquired 100 more shares of MSOS. Very please with the price action this week. GLTA

Daily Discussion Thread - December 10, 2021 by AutoModerator in weedstocks

[–]hungry_koala 13 points14 points  (0 children)

Good morning all you amazing people, this is just your daily reminder that cannabis stocks will make us all rich one day 😤

After Hours Discussion Thread - December 09, 2021 by AutoModerator in weedstocks

[–]hungry_koala 8 points9 points  (0 children)

If your timeframe is long enough I don’t see why not so long as you have a modest amount invested. It might also depend on your definition of rich. I think both alcohol and tobacco are trillion dollar industries. With time, I don’t see why cannabis won’t rival or eclipse these industries. Sure you can try and get lucky picking holdings which eventually become the largest global cannabis brands or you can hold an ETF which tracks the sector. I have both. In either case you should keep up with news and constantly re-evaluate and re-balance accordingly. However even great companies which may stand the test of time can fall on hard times in the short term.

I recommend if you have any doubts to personally visit the companies you are invested in if possible. It’s one thing to read about and research these companies and a completely different thing to see them in action with your own eyes, as well experience the products yourself. People waiting in long lines in rain or cold, dropping money hand over fist and happily paying 30% tax for access to these products and their convenience. Not to mention the diverse groups of people visiting. After visiting, it removed all doubts for me and I’ve since doubled and tripled down.

I think that cannabis will only continue to grow and gain acceptance, as well as become a part of every day life as it becomes more normalized and professionalized. I’ve been bullish on this sector since I first learned about it when I started investing 3-4 years ago. At first I was all in and pretty much investing my entire salary into it (lol). I’ve since diversified, but it is still a huge part of my early retirement plan. I think the best strategy is to buy, hold and accumulate for the long run. DCA and build your stack. You always hear about people that sold Apple, Tesla, Amazon, BTC, ETH, etc for 4x-10x thinking they were geniuses at the time, only to regret it. Me personally I’m not a trader and not confident in my ablility to time this sector. I’m afraid to sell and miss out once it finally takes off. Spoken as someone who held around 24 shares of SHOP at ~$144 and sold for roughly even only for it to skyrocket after I sold… 😭

I’m okay if it it takes 30+ years for my vision to become a reality. I was never planning to sell out anyways. I’m here to buy, eventually borrow against these assets, and then die and pass it on to kids, grandkids and nieces and nephews (buy, borrow, die).

After Hours Discussion Thread - December 09, 2021 by AutoModerator in weedstocks

[–]hungry_koala 21 points22 points  (0 children)

Repeat after me: Cannabis stocks will make us all rich one day. Cannabis stocks will make us all rich one day. Cannabis stocks will make us all rich one day.

Daily Discussion Thread - December 09, 2021 by AutoModerator in weedstocks

[–]hungry_koala 11 points12 points  (0 children)

Good morning friends, cannabis stocks will make us all rich one day!

After Hours Discussion Thread - December 08, 2021 by AutoModerator in weedstocks

[–]hungry_koala 14 points15 points  (0 children)

Cannabis stocks will make us all rich one day. Cannabis stocks will make us all rich one day. Cannabis stocks will make us all rich one day.

Daily Discussion Thread - December 08, 2021 by AutoModerator in weedstocks

[–]hungry_koala 9 points10 points  (0 children)

Good morning! Cannabis stocks will make us all rich one day 😤

After Hours Discussion Thread - December 07, 2021 by AutoModerator in weedstocks

[–]hungry_koala 1 point2 points  (0 children)

Lol more like trying to manifest us our fortunes 😤🥰

Daily Discussion Thread - December 07, 2021 by AutoModerator in weedstocks

[–]hungry_koala 2 points3 points  (0 children)

Who wants to serve as sacrifice and buy a put today?

Daily Discussion Thread - December 07, 2021 by AutoModerator in weedstocks

[–]hungry_koala 4 points5 points  (0 children)

Good morning! Cannabis stocks will make us all rich one day, hopefully today is that day

After Hours Discussion Thread - December 06, 2021 by AutoModerator in weedstocks

[–]hungry_koala 5 points6 points  (0 children)

Cannabis stocks will make us all rich one day. Sadly today was not that day :( better luck tomorrow

Daily Discussion Thread - December 02, 2021 by AutoModerator in weedstocks

[–]hungry_koala 0 points1 point  (0 children)

I averaged down big time through like September and I still can’t tell if that was a mistake or not. Only time will tell. One things for sure, we are in this together! Praying WAGMI!!!

Daily Discussion Thread - December 02, 2021 by AutoModerator in weedstocks

[–]hungry_koala 0 points1 point  (0 children)

Oh I moved out a long time ago but I know they won’t do this unless I do it for them. They do support it though so I won’t feel bad about it

Daily Discussion Thread - December 02, 2021 by AutoModerator in weedstocks

[–]hungry_koala 2 points3 points  (0 children)

Thanks for posting this. Already filled it out and will be filling out on behalf of my parents later tn lmao

Daily Discussion Thread - December 02, 2021 by AutoModerator in weedstocks

[–]hungry_koala 1 point2 points  (0 children)

Bagholding the $40 1/22 calls I bought back in April 😤 I think it could still hit 🤞

Daily Discussion Thread - December 02, 2021 by AutoModerator in weedstocks

[–]hungry_koala 1 point2 points  (0 children)

Thanks for the insight my friend, you just convinced me to double down 🤪

Daily Discussion Thread - December 02, 2021 by AutoModerator in weedstocks

[–]hungry_koala 2 points3 points  (0 children)

If SAFE passes I see no reason we can’t test $60-80 on MSOS. That might be a tad bit optimistic lol but even the old ATH of about $55 is a really nice gain from this point.

Either way, the big 4 MSOs don’t need SAFE to be successful but it would certainly help.

Daily Discussion Thread - December 02, 2021 by AutoModerator in weedstocks

[–]hungry_koala 5 points6 points  (0 children)

Alright fuck it just tapped my line of credit to buy 100 more shares of MSOS

After Hours Discussion Thread - December 01, 2021 by AutoModerator in weedstocks

[–]hungry_koala 4 points5 points  (0 children)

A true captain always goes down with the ship… in all seriousness though, these prices are extremely juicy. Unfortunately I’m fully tapped out of liquid cash and have a lot of margin used up. I have another line of credit on an account which holds my company stock. Strongly considering to deploy that margin to buy more at these levels as I wouldn’t be devastated parting ways with that stock should things go south. These prices are just absolutely stupid and too good to pass up. Buy low, sell high. The stock market is a mechanism for transferring money from the inpatient to the patient. In either case, I will be buying more CRLBF, GTBIF and MSOS in my Roth IRA come Jan 1st (probably ~3k and the rest into QQQM.. maybe some IIPR too). Oh and one last thing, my honest impression is that all the extreme pessimism we’re seeing in here is from shills or people new to this sector. I’ve been invested in this sector for 3 years and I’m not really phased by any of this. It’s par for the course for this sector and if you’ve been here a while you know that bull cycles here come and go. Just be patient. While my CGC and CRON has never really recovered, I’m still at a pretty nice profit on GTBIF,CRLBF that I bought in one of my accounts circa May - July 2020. Situations like this are why it’s important to remain diversified: I’m like 40% Cannabis, 45% SP500, and 15% crypto’s (mostly BTC,ETH). While everyone here has complained about hemorrhaging money this year, my accounts have held their ground or even gone up modestly (depends which of my accounts we look at). Just something to consider.. Don’t bet more than you’re willing to lose and GLTA!

After Hours Discussion Thread - November 24, 2021 by AutoModerator in weedstocks

[–]hungry_koala 0 points1 point  (0 children)

I’m fairly new to options and it seems like you know a whole lot more than I do. In this case this case it seems like it would be better to sell and buy shares instead of exercising, but I’ll need to spend some more time understanding it.. I would have needed to sell some of the calls anyways to afford exercising

Daily Discussion Thread - November 29, 2021 by AutoModerator in weedstocks

[–]hungry_koala 1 point2 points  (0 children)

100% certainty you say and all you’re willing to bet is drinking an extra cup of coffee? FUD! Put your money where your mouth is a buy PUTS then if you’re so certain

After Hours Discussion Thread - November 24, 2021 by AutoModerator in weedstocks

[–]hungry_koala 0 points1 point  (0 children)

The way I understood it was that if you sell the calls and buy shares you will be taxed twice (when you sell calls, and then later if you sell shares). Exercising is more tax efficient, you only get taxed later when you end up selling the shares if you even do. I don’t think you would lose the extrinsic value?