vro
Well-Known Member
how do you sell these? and how can i get an account to buy some of these? ive been reading this thread for a while and wished i would have bought when it was like 1 cent lol
Lets talk stocks
- Thread starter bud nugbong
- Start date
thump easy
Well-Known Member
im gona check it out for realz thankx big time!!!!
vro
Well-Known Member
i want to learn about this to, whats the best way to start? oldschooltofu do you care to share how you start up?
oldschooltofu
Well-Known Member
like i said before. go to schwab, etrade, ed jones, ameritrade or any other broker and open an account. send them a check to fund the account. then when you log in you can trade that money. each trade cost 6-10$ each.
I would suggest avoiding TDAmeritrade. They are the most restrictive of all the online brokers.
I have heard Scottrade is good.
Almost all my stocks did really well today.
The company I mentioned the last post, USEI, finished strong at .0094, bought in at .005 so ALMOST doubled my money.
Hemp of course is just GOING OFF, I am afraid there is going to be a big dip though. Really considering selling around .30 and waiting for the dip back to @22 to buy back in for the next rip. Just not sure if it will dip like that though. So much interest right now.
I bought into FFFC yesterday early and today it dropped pretty good, but I am sure it has bottomed out and about to go on a good run, bought in at .0035 and it is currently .0027. I am confident it will bounce high in the near future. I am actually considering doubling down on it while it is still below .003.
MWIP is the only stock I am invested in that I am disappointed with, but it just opened up a website montblunt, selling the vapor cigs so it should start generating some profit soon. It also has a subsidiary about to have their stocks on the market which should give a bounce, but I am close to wanting to just sell out for a small profit and re-invest in something else.
I have heard Scottrade is good.
Almost all my stocks did really well today.
The company I mentioned the last post, USEI, finished strong at .0094, bought in at .005 so ALMOST doubled my money.
Hemp of course is just GOING OFF, I am afraid there is going to be a big dip though. Really considering selling around .30 and waiting for the dip back to @22 to buy back in for the next rip. Just not sure if it will dip like that though. So much interest right now.
I bought into FFFC yesterday early and today it dropped pretty good, but I am sure it has bottomed out and about to go on a good run, bought in at .0035 and it is currently .0027. I am confident it will bounce high in the near future. I am actually considering doubling down on it while it is still below .003.
MWIP is the only stock I am invested in that I am disappointed with, but it just opened up a website montblunt, selling the vapor cigs so it should start generating some profit soon. It also has a subsidiary about to have their stocks on the market which should give a bounce, but I am close to wanting to just sell out for a small profit and re-invest in something else.
vro
Well-Known Member
how did you guys know that these would all go up though? even LATF went up, im reading a lot about this stuff now but i still have a ton to learn. pretty much i want to know how did you guys predict all this would happen? does stuff like this happen often to?
vro
Well-Known Member
what do you research to find stuff like this? are there any good sites to learn about this stuff or forums/communities that you use?
tspimpin1118
Active Member
Hello everyone ,
I use Fidelity due to their low $7.95 commission rate and trade in both an IRA and a regular Brokerage account . I own positions in several companies in the cannabis sector.
I will ill continue to check in and update everyone on some of the stocks I own and why but before I want to explain some of my general opinions on this sector and some possible strategies for how to play it . I should preface by saying I am not a professional trader or broker or analyst, and I also am not associated in any way with any of these companies other than owning shares .
The dot . com era made many people very rich because of speculation. Speculation is really what determines the price and movement of a stock , and this sector has unheard of speculation related opportunities for trading. Their are 20 states with medical and 2 with recreational, meaning 30 more possible major expansions to the medical market and 48 major expansions for recreational. That is only in the United States, ignoring the global economy for a second. The long term potential is unheard of, and is almost impossible to predict. Many of these companies will not exists in 10 years but you can make good money from them Over the next 1-3 years even if they won't be around in five. And in five years many new stocks will be issued as new companies go public.
Every news story and ever step closer we get to worldwide legalization is another catalyst for increase in stock price. For example President Obama will sign the farm bill tomorrow which would allow for state universities and departments of agriculture to cultivate hemp for research in states that have legalized hemp cultivation. This won't allow for companies to grow it yet but HEMP , USEI, and AFAI among others will likely see share prices rise next week due to media coverage.
...
more to come
disclosure I own positions in the afore mentioned companies .
I use Fidelity due to their low $7.95 commission rate and trade in both an IRA and a regular Brokerage account . I own positions in several companies in the cannabis sector.
I will ill continue to check in and update everyone on some of the stocks I own and why but before I want to explain some of my general opinions on this sector and some possible strategies for how to play it . I should preface by saying I am not a professional trader or broker or analyst, and I also am not associated in any way with any of these companies other than owning shares .
The dot . com era made many people very rich because of speculation. Speculation is really what determines the price and movement of a stock , and this sector has unheard of speculation related opportunities for trading. Their are 20 states with medical and 2 with recreational, meaning 30 more possible major expansions to the medical market and 48 major expansions for recreational. That is only in the United States, ignoring the global economy for a second. The long term potential is unheard of, and is almost impossible to predict. Many of these companies will not exists in 10 years but you can make good money from them Over the next 1-3 years even if they won't be around in five. And in five years many new stocks will be issued as new companies go public.
Every news story and ever step closer we get to worldwide legalization is another catalyst for increase in stock price. For example President Obama will sign the farm bill tomorrow which would allow for state universities and departments of agriculture to cultivate hemp for research in states that have legalized hemp cultivation. This won't allow for companies to grow it yet but HEMP , USEI, and AFAI among others will likely see share prices rise next week due to media coverage.
...
more to come
disclosure I own positions in the afore mentioned companies .
I read a lot on investors hub message boards. I also do googles on the companies and the employees of the companies.
Just keep in mind a lot of agendas on message boards. You see a lot of "bashers" and their main purpose is to scare investors to get them to sell out, forcing prices to drop, then the bashers will buy in cheap and make money off scaring you. My main thing is to look for LONG TERM investments. If you can make money on RIPS and buy back when it dips, go for it, but mainly look at what do you think this company will be worth in TWO years. If you can buy in for 10c and you think the company will be worth 2 dollars in two years, then you are making a very good investment.
Yep, I am invested in USEI as well as HEMP. Gonna have to check into AFAI.
Right now I am invested in...
CBIS (long term, not a fast mover but I expect big things in the future).
HEMP (which is just kicking butt, even right now it is dipping pretty hard but I am still way ahead of it and I expect more increases after Obama signs the bill today).
FFFC (just bought into this 2 days ago. It is stagnant at this point but still cheap and I expect it to get into the pennies over the next few weeks)
LATF (another cheaper stock that has revenue coming from SEAFOOD and are breaking into the MJ edibles market)
MWIP (would skip on this now, I bought in cheap and making profit but it has been stagnant for 2 weeks and I am close to selling and re-investing, waiting on ONE more announcement, if it doesn't cause a big bounce, I am out)
NVLX (all about the future, they are working on cancer and diabetes treatment through stem-cell research using cannabinoids)
USEI (biofuel company who have announced they are going to start producing HEMP products)
tspimpin1118
Active Member
I already liquidated my CBIS but I might get back in..
currently held positions :
HEMP,LATF,NVLX,USEI,AFAI,CANN,ERBB,EDXC,FITX,TTDZ,PHOT,VPCO,and non MJ are BREW,PLG,ATXDY
colonuggs
Well-Known Member
puffdatchronic
Well-Known Member
Stocks seem like educated gambling, a skill, an art even. I would really love to learn how to do it, but with thousands and thousands of companies to choose from, I have no idea where to even start. Anyone know any good books to ground a noob in the subject?
BarnBuster
Virtually Unknown Member
there's a ton of books out there. some of my favorites.
The Intelligent Investor, The Definitive Book On Value Investing, Revised Edition, by Benjamin Graham, Jason Zweig and Warren Buffett
One Up On Wall Street: How to use what you already know to make money in the market by Peter Lynch
The Future for Investors: Why the Tried and the True Triumph Over the Bold and the New by Jeremy Siegel
What Works on Wall Street, Fourth Edition: The Classic Guide to the Best-Performing Investment Strategies of All Time by James O’Shaughnessy
Beating the Street by Peter Lynch
The Richest Man in Babylon: George S. Clason’s Bestselling Guide to Financial Success: Saving Money and Putting It to Work for You by George S. Clason
Martin Zweig’s Winning on Wall Street by Martin Zweig
You Can Be a Stock Market Genius by Joel Greenblatt
Common Stocks and Uncommon Profits by Philip Fisher
The Intelligent Investor, The Definitive Book On Value Investing, Revised Edition, by Benjamin Graham, Jason Zweig and Warren Buffett
One Up On Wall Street: How to use what you already know to make money in the market by Peter Lynch
The Future for Investors: Why the Tried and the True Triumph Over the Bold and the New by Jeremy Siegel
What Works on Wall Street, Fourth Edition: The Classic Guide to the Best-Performing Investment Strategies of All Time by James O’Shaughnessy
Beating the Street by Peter Lynch
The Richest Man in Babylon: George S. Clason’s Bestselling Guide to Financial Success: Saving Money and Putting It to Work for You by George S. Clason
Martin Zweig’s Winning on Wall Street by Martin Zweig
You Can Be a Stock Market Genius by Joel Greenblatt
Common Stocks and Uncommon Profits by Philip Fisher
Hemp is taking a pounding today. If I were looking to enter, today would be the day I would look to pick up Hemp. I am still in good shape considering I bought in at 5c and it is still up around 14c, but it peaked at 31c last Wednesday afternoon. Sure wish I had been in a position to sell at 30c and then buy back in after the drop, but ah well, still in real good shape and it will go back up once it levels out.
gunna hold on to these (hint) its on the up again ...