ST Alpha - "get in a ETF... they're watching it... i got into one that's already up from 41 to 53 in the past week. " (Reading a Post)

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In response to "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" by Reagen

get in a ETF... they're watching it... i got into one that's already up from 41 to 53 in the past week.

Posted by colin (aka colinski) Feb 9 '21, 10:30

MSOS, if you care.. they hold a lot of the stocks in question and are playing them well.

Responses:

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

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