ST Alpha - "It's not time yet but I'd love to know when to jump off the pot stock ride so I don't fuck it up like 2018. -- nm" (Reading a Post)

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It's not time yet but I'd love to know when to jump off the pot stock ride so I don't fuck it up like 2018. -- nm

Posted by Reagen Feb 9 '21, 10:25

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Responses:

you don't want your stocks to go up in smoke? -- nm - Peglegpete Feb 9, 10:51
I still have a pot stock from back in 2018. 2 years for 10% profit! Haha. -- nm - Inigo Feb 9, 10:39
get in a ETF... they're watching it... i got into one that's already up from 41 to 53 in the past week. - colin Feb 9, 10:30 10
- Oh I'm mostly holding an ETF. But it's still going to have a peak. -- nm - Reagen Feb 9, 10:30 9
  - true, and then another peak, and then another... -- nm - colin Feb 9, 10:37 8
    - It’s going to be a low-margin recreational commodity sooner rather than later. Once it’s legal I don’t see an awful lot of room for industry growth. -- (edited) - znufrii Feb 9, 10:42 7
      - there's a black market that can mess with that though... CA is losing a lot to black market sales because of high prices. -- nm - colin Feb 9, 10:44 6
        
        The lesson from here is that this stuff will take about a year to settle out. - Reagen Feb 9, 10:46 5
        
        yep. i mean, i think it's an okay time to buy weed stocks for long term holding, but short term trading on it is going to be weird. -- nm - colin Feb 9, 10:47 4
        
        Long term I see it being like tobacco: heavily regulated, stable low growth, relatively high yield. -- nm - znufrii Feb 9, 10:54 3
        
        yup. i'm also hoping there is a lot of opportunity for "craft" growers to get in.. i feel like there will be a lot of similarities with craft beer. - colin Feb 9, 10:59 2
        
        Yes. Very similar to that, I think. -- (edited) - znufrii Feb 9, 11:00 1
        
        i'd like to see better vape controls... there's been some sketchy stuff going on with that. legalization will make it so much better and safer. -- nm - colin Feb 9, 11:08
I give it roughly a month after legalization here, once the euphoria rubs off but before people realize how vulnerable the industry is to a glut. -- nm - znufrii Feb 9, 10:28 3
- That's about how it worked here. I held too long after legalization here and got stuck having to hold until now. -- nm - Reagen Feb 9, 10:31 2
  - Yeah, I got in at almost exactly the wrong time, too. -- nm - znufrii Feb 9, 10:34 1
    - One month is almost exactly right. Legalization aug 2018, high water mark sep 2018 - Reagen Feb 9, 10:42
A week before you actually do. -- nm - Dano Feb 9, 10:28

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