Any Good Marijuana stock or any other stocks to buy soon?

A lot of MJ stocks are trading down in the dirt. Aphria down 70% this year, OrganiGram down 74% this year, CannTrust down 92% this year, Hexo down 89% this year, and the list goes on. Quite a few of them were taking a beating before the virus shook the markets. Might be a good time to invest, but then again it might not. Who can really say? lol

My expectation is for the markets to drop even lower as it looks like (hopefully I'm wrong) we haven't seen the worst of what's to come from this new virus. We saw a bit of a rebound with the stimulus bill but we don't actually know how that's going to play out and we still don't know which companies out there are just going to go belly up. Turbulent times, a lot of volatility. If you're a real risk-taker, now is the time.
 
Oilfield stocks are where it's at imo, they got hit twice over with covid and price war, you'd think one of those getting lifted would rebound prices. Many are 1/4the price of pre events
 
If we're talking outside of MJ stocks...

JPMorgan has been hitting some crazy lows recently. They got pummeled twice over by CEO Jamie Dimon having emergency heart surgery followed by the coronavirus. From what I understand, and perhaps my sources are incorrect, JPM is in great financial shape at the moment so the drop in share price is arbitrary of performance. They're doing well, people are just scared. And we all know how much perception drives these numbers. Buy now or wait until it drops lower, likely a good bet either way if you're not in it for the short-term because the stock is, right now, undervalued IMHO.

Carvana is an interesting one. You could have doubled up in the last few weeks as they dropped to around $30/share and then rode back up to $60/share. Mind you they were trading for a lot more than this recently. They have a 52 week high of $115/share. They're at $50/share currently. As for their finances, well, who knows what will happen with them. I think their business model is awesome for consumers, but they're not churning out that profit investors are hoping to see. Should be interesting to see what happens to them in the long-term, if they make it that is.

Delta and the rest of the airlines are insanely volatile as of late. We all know why. They're hurting. I assume some will definitely go out of business, but the bailout could change things quite a bit. How much it'll change things remains to be seen. Delta, from what I understand, has the cash reserves to pull through, which could make it a good bet for airline stock. They're trading for $24/share right now. They were down to $19 at their recent low. They hit a high of $63/share within the last year. Between fed bailout, strong cash reserves, and the fact that they're in the top 3 biggest US airlines, I'd say that there's a strong possibility they'll pull through and their share price will bounce back up. Personally, I'm still expecting them to go lower and only intend on increasing my position as they do. They're down about 15% today. Down roughly 58% in just the last 3 months and down 46% over the last 5 years. All their gains have been wiped out but we still have to fly and gears will start grinding again at some point.

For biotech, Novavax has been treating me nice since I recently took a position. Up 16% since I bought in. They're actually up 254% in the last 3 months, which is massive. But if you look at them over the last 5 years, they're down 91%. Inovio is somewhat similar, up 129% in the last 3 months but down roughly 8% in the last 5 years. Both companies make vaccines (among other things), for reference.
 
nerdystoner said:
A lot of MJ stocks are trading down in the dirt. Aphria down 70% this year, OrganiGram down 74% this year, CannTrust down 92% this year, Hexo down 89% this year, and the list goes on. Quite a few of them were taking a beating before the virus shook the markets. Might be a good time to invest, but then again it might not. Who can really say? lol

My expectation is for the markets to drop even lower as it looks like (hopefully I'm wrong) we haven't seen the worst of what's to come from this new virus. We saw a bit of a rebound with the stimulus bill but we don't actually know how that's going to play out and we still don't know which companies out there are just going to go belly up. Turbulent times, a lot of volatility. If you're a real risk-taker, now is the time.
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I agree now is the time. When people flee and it settles in a trough it's go time, the only question and a big one is, is right now the time, dont know, but dollar cost averaging at mutiple entry points helps with that. Never understood people that latch onto stocks when it's trending skyward......you've missed the boat and assumed more risk. My friend asked me a year ago if she should buy pot stocks, I said no it's a bubble, companies aren't making a profit, she bought anyway.
 
nerdystoner said:
If we're talking outside of MJ stocks...

JPMorgan has been hitting some crazy lows recently. They got pummeled twice over by CEO Jamie Dimon having emergency heart surgery followed by the coronavirus. From what I understand, and perhaps my sources are incorrect, JPM is in great financial shape at the moment so the drop in share price is arbitrary of performance. They're doing well, people are just scared. And we all know how much perception drives these numbers. Buy now or wait until it drops lower, likely a good bet either way if you're not in it for the short-term because the stock is, right now, undervalued IMHO.

Carvana is an interesting one. You could have doubled up in the last few weeks as they dropped to around $30/share and then rode back up to $60/share. Mind you they were trading for a lot more than this recently. They have a 52 week high of $115/share. They're at $50/share currently. As for their finances, well, who knows what will happen with them. I think their business model is awesome for consumers, but they're not churning out that profit investors are hoping to see. Should be interesting to see what happens to them in the long-term, if they make it that is.

Delta and the rest of the airlines are insanely volatile as of late. We all know why. They're hurting. I assume some will definitely go out of business, but the bailout could change things quite a bit. How much it'll change things remains to be seen. Delta, from what I understand, has the cash reserves to pull through, which could make it a good bet for airline stock. They're trading for $24/share right now. They were down to $19 at their recent low. They hit a high of $63/share within the last year. Between fed bailout, strong cash reserves, and the fact that they're in the top 3 biggest US airlines, I'd say that there's a strong possibility they'll pull through and their share price will bounce back up. Personally, I'm still expecting them to go lower and only intend on increasing my position as they do. They're down about 15% today. Down roughly 58% in just the last 3 months and down 46% over the last 5 years. All their gains have been wiped out but we still have to fly and gears will start grinding again at some point.

For biotech, Novavax has been treating me nice since I recently took a position. Up 16% since I bought in. They're actually up 254% in the last 3 months, which is massive. But if you look at them over the last 5 years, they're down 91%. Inovio is somewhat similar, up 129% in the last 3 months but down roughly 8% in the last 5 years. Both companies make vaccines (among other things), for reference.
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I totally agree. I love Carvana. It’s in for a steady rise.
I’ve been watching and waiting on the cannabis stocks. I want to dump about 50k into the market in a few months. Hopefully we’ll watch em take off. I’m in Florida and I’m gonna bank on recreational :eyesmoke:
 
I'm on the blue chippers guys, I hate stocks, but this seem like the time to get in or pretty soon (with in 3 months).. FB is my major play. Also like Yum, Dishtv, disney (but could go much lower)... Keep this thread going!!!!!
 
nerdystoner said:
A lot of MJ stocks are trading down in the dirt. Aphria down 70% this year, OrganiGram down 74% this year, CannTrust down 92% this year, Hexo down 89% this year, and the list goes on. Quite a few of them were taking a beating before the virus shook the markets. Might be a good time to invest, but then again it might not. Who can really say? lol

My expectation is for the markets to drop even lower as it looks like (hopefully I'm wrong) we haven't seen the worst of what's to come from this new virus. We saw a bit of a rebound with the stimulus bill but we don't actually know how that's going to play out and we still don't know which companies out there are just going to go belly up. Turbulent times, a lot of volatility. If you're a real risk-taker, now is the time.
Click to expand...

You seem like a stock person. Have a large chunk of money on the sidelines. Gonna invest about 8% of it in MJ stocks. Gonna pick about 5-8 MJ stocks and spread it out hoping to hit on 1 or 2.
 
Any opinions on YUM??? My number 1 stock is Facebook bc people will never close there accounts its like crack.
 
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