Lets talk stocks

haha there seems to be a lot of frustration. I always see the stocks doing killer and think man I should have got in on that. Im pretty sure I would have gotten in on that mdbx If I had money in the acct on Monday. since then its up 100% and I think it will be going higher. but theres plenty of trains leaving the station. and it might not be too late, if its hot its hot for a reason. I know ive got to get better with having money in the account to use when I see something to pounce on. I always buy something as soon as I get the money in there and go weeks with nothing untill the next deposit. See a lot of opportunities pass by.

you know i never thought about that back in the day that heavy 16 wasnt around i just poped in to see the nutes and say hi to the brady bunch at the hydro they no longer work at greencoast and seen new cool people still but i noticed that the products 4 years back or 2 years back are fucken crazzy sky high?? is it just me or how can a mother fucker make a lil money without busting the panell.. shit man the nutrients are hella high???

man i not even joking im gona have to catch one of those trains...how exzactly do you guys buy the stock??? for realz im not joking.. im a clown and i like to screw around but what your saying makes alot of sence..

Its easy to lose money too, but all you have to do is set up an acct. with a self trading firm. Scottrade,etrade,and such there are a bunch out there and some are giving a couple hundred free trades when you sign up. wich is pretty sweet because its usually at least 7$ per trade for commission. And it helps to know what your doing. at least understand the basics of economics and how stocks are valued. Like I said before its pretty much educated gambling. Get in before its hot and get out at the peak if your a trader. I fancy myself more of an investor, buying for long term growth and collecting dividends along the way. and keeping the commissions to a min. All different strategies and markets. Goodluck

bud nugbong said:

haha there seems to be a lot of frustration. I always see the stocks doing killer and think man I should have got in on that. Im pretty sure I would have gotten in on that mdbx If I had money in the acct on Monday. since then its up 100% and I think it will be going higher. but theres plenty of trains leaving the station. and it might not be too late, if its hot its hot for a reason. I know ive got to get better with having money in the account to use when I see something to pounce on. I always buy something as soon as I get the money in there and go weeks with nothing untill the next deposit. See a lot of opportunities pass by.

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MDBX is just too far out of my price range. I have to mess with the penny stocks.
Several of the companies that are still really low are gaining steadily. I expect them to hit a double/tripling point soon.

Yea that thing really shot up the other day. simmered down a little the last couple, but that's more of a stock for a quick trader. under 30 last week, near 90 on wed. and now at 43. Not my type but I hope one of mine gets hot like that one day.

technical traders or Fundies

whats your preference

I put more weight on the technical side countless hours on the charts...pure price action trading...but you do have to have some sort of grasp on the fundies

I would say I lean more to the fundie side. Take a look at whats happening in the world and try to predict what will be going up In the future. I look at charts and theres no consistent patterns I see. at least nothing I would put money on. I know there are people who are successful but I just think theres more logic in trying to find the value in the economy. I don't know if you saw before but my plan is to just buy ones I think have the potential to grow for years to come not selling unless I need to. No real trading but just picking up positions and investing. keeping commissions to a min. That's the plan so far. we'll see how I do.

only regret so far was buying jcp on some news someone bought a big position. Then shortly after that it really took the dip. If I had a full portfolio I might buy some at this lower price to get my avg down but im still adding. My first lesson of many to come. don't buy shitty stocks. I saw how high It fell from and had/have hopes of it one day getting even close to that. Like I said im in this for the long.

HEMP is a good penny stock. been steady at .02, went to .08 but its falling again. ill be a rich man if it goes to dollars.

MDBX is a good one if you got in early. it tends to jump with positive mj news like colorado recreational

MJMN is another one i put some money into.

anyone know the mutual fund High Times started that is all marijuana stocks?

^ Yeah I have HEMP. It is dropping pretty hard today. Like you said though, for me that is a long term stock. Even when it hit 8 and I expected it to drop, I stuck with it and will continue sticking with it. A year or two or three it will be huge stock, IMO.

Another one that I really, really like is NVLX. Another long term investment. They have the lock-down on a cell therapy for Pancreatic Cancer and Diabetes. At this point they are doing animal testing and have been successful in rats, curing diabetes.
Nuvilex controls both the cancer and diabetes markets when it comes to any treatment using this live-cell encapsulation-based technology.
CBIS is another really legit company that I think will end up being very valuable at some point in the future. Very thorough hiring process and going through all the federal channels for approval. When things do turn, they will be one of the leaders in the industry with their federal connections, IMO.


For those who aren't really familiar with penny stocks, they are extremely volatile.
When you see a company go from 10c to 15c or 20c in a day, people start selling like crazy to make that extra money and they drop real fast again. There are a lot of players using penny stocks to make fast money (or lose it all fast).

^The only thing I don't like about penny stocks is no dividends. In order to clear the commission you have to buy a decent amount of stock. might as well buy something that will pay a little cash during the year without having to pay any commission. and still the same chances to go up and down.

you guys should so start a thread on step by step!!! i need to learn this type of stuff i want in but i know have the slitest idea??

as long as you get basic economics and check out cnbc. the boring ass channel with the numbers going across the screen all day. All they talk about is the market. they really do a good job debating the reasons to buy and sell a stock. and jim cramer comes on and he's pretty good at breaking things down. It took me a long time of just watching how things worked to go and get an account started. just make sure you know what your doing and have the money to lose. I quit cigs and booze so ive got all this money lying around.

^ Yep, I have been watching for years, off and on, and it was just recently I took the plunge and started playing with them..

GRNH is KILLING ME. When I was going to buy in (before understanding I had to wait 3 days for penny stocks) GRNH was 10c, goes up to 80c. When I was able to purchase, a report comes out about fraud investigation on GRNH. BOOM stock drops like crazy back down to 22c in one day. I decide to hold off and just buy more shares of the stocks I already have. Now it has jumped back to 46c in the past 2 days and reporting new zoning areas approved in Arizona. Meanwhile the stocks I do have, are basically flatlining. Barely any movement at all.

oh man that would be a killer profit. I would love to have like 1000$ worth of a stock and see it multiply by 8 or 9. sell half or 3/4 and make some serious profits. I need to take a chance on one or two of those potential poppers. who cares about short term gains in that situation.

If I even how, I'de buy stock , in the soon to come, marijuana industry. Once this goes legal , not just decriminalized, there will be a fortune to be made, if you know how to get in early, with an established, reputable set up.

Hell, if I had the money, and the knowledge needed, I open a growery, myself, once I knew it was completely an unjailable offense, just a daily biz. , transaction, like buying a beer .

I think the robotics industry is going to take off a lot in the next few years. with all of the robotic farm equipment and any other type of human job that can be replaced with a robot. it is going to start to become popular with the min wage going up. give the unskilled jobs to robots. (just like welding on an assembly line, just automate everything)

so as of now im leaning towards agricultural, robotics, and alternaive energy for my next buy. and by agri I mean maryjane too.

I am a currency guy but this book helped me immensely when I started trading

Thump Easy you especially should check it out

http://bengkelteknikalanalisis.com/wp-content/uploads/2013/11/Japanese-Candlestick-Charting-Techniques-by-Steve-Nison.pdf

Figured I would share its a beautiful way to view a chart...no indicators no clutter...and easy way to see the fear and greed that drives the market....

I will try and make an effort to stop by more and discuss...I am lost in the stock world but I don't mind sharing my charting techniques and ideas

its a zero sum game out there stay up fellow RIUers

bud nugbong said:

. and jim cramer comes on and he's pretty good at breaking things down.

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I love Jim he makes me laugh man...watched him bust his head with a frying pan while trying to illustrate why you should get out of aluminum companies or something like that...it was hilarious

yea cramer is a nut. I like all his buttons with noises. you can tell he did a bunch of cukane in the 70s and 80s. shit the way he acts he seems like he has to be doing a little something now. But he is good at what he does, Ive never read any of his books but ive been thinking about getting his new one.