Cannabis Stocks Forum & Discussion

Welcome to the Cannabis Investing Newsletter Forum. This is for the cannabis stocks forum & discussion. Feel free to find your favorite cannabis stocks and contribute content as you please; content that continues the discussion of, and analysis of, cannabis stocks. – D. H. Taylor

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(@dhtaylor)
Noble Member Admin
Joined: 3 years ago
Posts: 1185
Topic starter  

I am about to start a new portfolio for myself.  I want this to be a broad portfolio of stocks…


   
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(@liberty155yahoo-ca)
New Member
Joined: 2 years ago
Posts: 2
 

Hello DH That’s a great idea and I will be investing with you, as we will be more we’ll rounded in the investment world thanks enjoy your efforts to bring the members well researched investments. Larry 


   
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(@gosborne403outlook-com)
Active Member
Joined: 2 years ago
Posts: 13
 

Hi D.H.

In your more recent video's, you mentioned that you foresee a huge decline in stock prices after the release of the GDP.  If that's the case a broad selloff would also lead to lower cannabis stock prices as well.  That being said, wouldn't it be prudent to hold off any additional purchases of cannabis stocks, until the market levels out?  Also, there is a good probability that we may reach new all-time lows, which may present an ideal time to average back in.  Your thoughts are appreciated.

Gary Osborne


   
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(@cannabisinvesting69yahoo-com)
Trusted Member
Joined: 1 year ago
Posts: 111
 

I'm obviously not D.H. but I can't help myself from chiming in. sorry.

You make a good point, darn good question!!!! 

Will POTUS whip out his pen and decriminalize marijuana and issue pardons, etc,etc(?) 

He will if he listens to the Democrats trying to get him to do just that!!!

I think that question there, makes your question difficult to answer right now.

Your question is still a darn good question!!!!!

POTUS ran on this issue, and its time for him to whip out his pen and honor that promise, decriminalize marijuana, issue pardons to try and make up for decades of un just incarceration of people who smoke marijuana, destroyed families, etc, etc.

I am not a Democrat or Republican.

Most cannabis stocks D.H recommends are already at or near 52 week lows or all time lows, over 80% or 90% undervalued, making profits, or close to it, and some will still be making profits even with the economy, and some stocks on D.H's list, I think will grow quarter to quarter. Some will, many  revenues will drop.

I think there will be opportunities to get some cannabis stocks cheaper, until something happens towards legalization but it can happen in an instant, not giving people time.

If Potus decriminalized marijuana, IMHO many cannabis stocks could pop up 50%, 100%, 200%, 300%, in an instant just on short covering, not to mention people who follow cannabis jumping in. then people getting in on hopes of uplisting, quick trades, then sell. I think that will lead to a lot of positioning in cannabis stocks. some of it will be people getting completely in and out, and some rotating into different sectors of cannabis, etc,etc.

If the democrats don't convince POTUS to  remove marijuana from a schedule 1 drug and issue pardons, etc, they risk getting credit for when it does happen, or having to share credit with Republicans.

Also if POTUS does not whip out his pen and honor his campaign promises, the Republicans can make political hay out of that this November.

I think the Democrats have their last chance now to get POTUS to decriminalize marijuana, because if they don't they lose control. The Republicans will have the power to hold off their votes if Democrats want to get a law passed this year!  The Democrats have a lot more to lose IMHO.

 


   
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(@dhtaylor)
Noble Member Admin
Joined: 3 years ago
Posts: 1185
Topic starter  

@gosborne403outlook-com 

Hi Gary... Great question.  And, it's tough to gauge this. On the one hand, yes, stocks are very likely to sell more. We will actually get some solid information just this week as we go into Q2 earnings from Delta and others.  And, there are two key economic indicators about to be released that will tell us a lot more also, such as inflation and Retail Sales.  Many in the industry believe that stocks will weaken further because of what is likely to unfold.

That being said, how much lower could cannabis stock actually go?  They are far below levels that one could call simply undervalued.  And, what if POTUS did whip out a one and de-schedule cannabis from level I?  That would send stocks much higher.  Fast.  You could be left behind.  

The fact that Senators went to the President asking him to do something tells me they can't get anything done.  My expectations were that a bill would hit the Senate at the end of this month.  But, I have little expectation beyond that and the fact that the key Senators did go in to the Oval Office to try and get something done tells me Congress is going to come up short.  That hurts.  But, it could all go away with one pen stroke.  

Maybe what you could do is buy some calls on MSOS ETF and use them as a lottery ticket while at the same time wait for stocks to fall even further and then load up.  This way, you are playing both sides of the potential outcome.  


   
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(@Jeff Spahn)
Active Member
Joined: 2 years ago
Posts: 13
 

@dhtaylor Why do we not talk about SAFE Banking ACT anymore isn't that a Bi-partisan subject about safety, cash accounting, lower rate loans, lower security cost. possible up-listing etc.

We don't have to have Federal legalization now but we do need the Government to spend some time and money on the illicit market and make it a Safe Business Environment. IMHO

Is that too much to Ask?

 


   
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(@dhtaylor)
Noble Member Admin
Joined: 3 years ago
Posts: 1185
Topic starter  

We have been told that something will be coming out of the Senate prior to the August recess, which should hit about August 6th.  My thinking is that the Senate will drop its version of cannabis federal legalization.  And, if they do submit something it will be just prior to that recess date.  Until the Senate drops their version of cannabis legalization, there really is nothing that we as shareholders or consumers can do other than wait for the Senate to do its thing.  in the meantime, if Biden were to whip out a pen, the whole thing is moot.  


   
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(@Gary Osborne)
Eminent Member
Joined: 2 years ago
Posts: 28
 

Thanks for the reply’s. There are some pretty smart individuals in your forum DH.

I currently have a boat load of what I believe to be solid companies.  Obviously, I bought to early and am 35% in the red. I’ve been dollar cost averaging for several months now and do have lower price targets set.

I will continue to load up in the hopes of lowering my cost basis.

I just wish I could find my crystal ball so I would know where the bottom is. I will take everyone’s advice and keep riding this southbound train in the hopes that our president will someday do his job and keep his promise.


   
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