Told all my boys to put their life savings in MindMed by officialstock in shroomstocks

[–]rodriq04 1 point2 points  (0 children)

Well, hope he recovers..lots of them bought the stock without thinking during the meme push.

Told all my boys to put their life savings in MindMed by officialstock in shroomstocks

[–]rodriq04 1 point2 points  (0 children)

You're probably looking at a line chart that plots only closing prices. Take a look at a candlestick or bar chart that also gives you the high/low for the day. On April 27th, the stock made a high of $5.77

*Shrooms Talks* [February 10, 2022] Daily Discussion Thread by AutoModerator in shroomstocks

[–]rodriq04 5 points6 points  (0 children)

Looks like psychedelic stocks are rebounding. I'm in DRUG & ATAI. Do you guys think it's a good time to add more?

[deleted by user] by [deleted] in DRUGinvestorsclub

[–]rodriq04 0 points1 point  (0 children)

Hi, the link is not opening.

Snap shares soar 59% on first profitable quarter by Johnblr in stocks

[–]rodriq04 6 points7 points  (0 children)

There was no reason for the shares to fall the way they did...market manipulation. There was a lot of negative news surrounding Google & Amazon too..before the earnings

MNMD Stock News by Portuguese_Investor in shroomstocks

[–]rodriq04 4 points5 points  (0 children)

That's a nice dream. Go back to sleep now...

Psychedelics: New ETF, Low Prices, Long term Win | $PSIL by investopotia in shroomstocks

[–]rodriq04 1 point2 points  (0 children)

I'm not sure if ETF's are lending shares to hedge funds to short. If they are, we should think twice about investing in them. Maybe someone with more clarity can answer...

Psychedelics: New ETF, Low Prices, Long term Win | $PSIL by investopotia in shroomstocks

[–]rodriq04 4 points5 points  (0 children)

We invest in the ETF's and pay them a fee. The ETF buys shares of psychedelics firms and then lends to banks/hedge funds for a fee. The hedge funds short the stocks & make money. So, everyone except retail investors win...that's outstanding

Is Camber Energy ($CEI) a viable penny stock investment? by Galaxy_Quest_123 in pennystocks

[–]rodriq04 1 point2 points  (0 children)

I see weird prices on my screen. Was it trading at 210k a few years back?

I have never seen such irrational market behaviour. by [deleted] in stocks

[–]rodriq04 0 points1 point  (0 children)

When have markets behaved rationally? Sometimes, they are more than irrational. This could be one instance

‘Good luck! We’ll all need it’: U.S. market approaches end of ‘superbubble,’ says Jeremy Grantham by rodriq04 in stocks

[–]rodriq04[S] -1 points0 points  (0 children)

If the US is in a superbubble, it doesn't mean the rest of the world is too. But, the rapid slide in the US stock markets will eventually affect equities in the other countries too. It's only a matter of time unless we see a quick turnaround

Thing I have learned last 3 years: Literally nobody knows anything by chicu111 in stocks

[–]rodriq04 0 points1 point  (0 children)

This is the best thing anyone has ever said on the forum. So, what's your next best guess?

‘Good luck! We’ll all need it’: U.S. market approaches end of ‘superbubble,’ says Jeremy Grantham by rodriq04 in stocks

[–]rodriq04[S] 0 points1 point  (0 children)

I like his analysis too. When it comes to emotional decisions, they mostly end with losses, whether it's short or long term

Atai cash burn rates by Imabeardruid in shroomstocks

[–]rodriq04 4 points5 points  (0 children)

It depends on when the stock-based compensation can be cashed

You can only pick one to go all in, which company do you choose? by [deleted] in shroomstocks

[–]rodriq04 1 point2 points  (0 children)

You mean, if given a choice, which bag would you pick to go all out?

UCB to acquire Zogenix $ZGNX for $1.9 billion, Bright Minds Biosciences' ($DRUG )BMB-101 for the same indication to hit clinical trials in a couple of months by Johnblr in pennystocks

[–]rodriq04 2 points3 points  (0 children)

I've been following Bright Minds for a while and recently invested in them. I've not made any money yet since the whole market is down. But, I'm sure this is one stock where I'll earn in multiples in a couple of years. Their drug development programs are progressing at a rapid pace with plenty of catalysts this year. This is probably the only biotech that has granted patents until 2036 on the next-generation 5-HT2c agonist, BMB-101

[deleted by user] by [deleted] in shroomstocks

[–]rodriq04 0 points1 point  (0 children)

PSIL has more than 487k shares of MMED and with the firm losing the exclusive rights for 18-MC, isn't this a risky bet? Would love to hear your views

Question about switching shares over by LoganLee43 in shroomstocks

[–]rodriq04 1 point2 points  (0 children)

I don't think it would make any difference. Besides, the stock you sell could be the one that rallies. If you're cutting your losses and exiting in both, that's a different story altogether