We also had a one time dividend in January, as part of the Dell Technologies IPO. I got $15K out of that and reinvested it in several stocks. I've got $4000 in Trulieve Cannabis (TCNNF) and Aurora Cannabis (ACF) I'm not making much off those but its a long term play. I think they'll grow a lot of the US Government reschedules marijuana.
I just sold all my ACB (you listed as ACF?) and moved that money into MedMen and CWEB. Trying to separate from canadian plays and get more on the US side. That being said CGC and APHA are solid solid solid long term canadian plays, especially with APHA being a serious fire sale right now. APHA just got approval for one of its 2 new greenhouses, its 800,000 sq/ft. Theres another one of similar size that will be approved soon too. They'll be a global leader no doubt.
I saw that several marijuana stocks dropped A LOT after the Sessions announcement. I'm wondering if I should put a couple grand into that as a long term investment. Shares are pretty cheap right now and I think there is a lot of upside there if they can weather this.
New 52wk high for $VMW. Now past $206.
We also had a one time dividend in January, as part of the Dell Technologies IPO. I got $15K out of that and reinvested it in several stocks. I've got $4000 in Trulieve Cannabis (TCNNF) and Aurora Cannabis (ACF) I'm not making much off those but its a long term play. I think they'll grow a lot of the US Government reschedules marijuana.
If you want some safe canadian plays look at canopy growth corp, aurora cannabis, or aphria INC.
You say shares are pretty cheap right now, but thats only still really true with the American companies. Shares were cheap for majority of the Canadian companies early December. Most are pretty fat now.
If youre looking at some riskier plays with potential enormous growth, look at MPXEF or Tetra-biopharma, Friday Night Inc
Your definition of "safe" must be different than mine!
I saw that several marijuana stocks dropped A LOT after the Sessions announcement. I'm wondering if I should put a couple grand into that as a long term investment. Shares are pretty cheap right now and I think there is a lot of upside there if they can weather this.
check my post from the first page of this thread.
I hold several canadian pot stocks, which were strangly temporarily effected by the sessions issue. They have all since recovered.
Im at +126% ACBFF(aurora) +156% TWMJF (Canopy growth corp - the biggest player in the canadian market)
I sold an american company at +235% on tuesday or wednesday and put all that cash into MPXEF, which is an American and Canadian pot company at about $.74 USD a share right now. It's a bit of a risky play with Sessions pulling his bullshit, but I don't expect his actions to have a major effect. There was a huge dip, but most things that I've seen recovered on friday. There's a already a lot of pushback from the states where marijuana has been legalized, and vermont is still moving forward and very close to legalization as well. With midterm elections closing in, I doubt the repubs would want to lose a lot of support by seeing this though.
If you want some safe canadian plays look at canopy growth corp, aurora cannabis, or aphria INC.
You say shares are pretty cheap right now, but thats only still really true with the American companies. Shares were cheap for majority of the Canadian companies early December. Most are pretty fat now.
If youre looking at some riskier plays with potential enormous growth, look at MPXEF or Tetra-biopharma, Friday Night Inc
I'm not picking stocks for a hedge fund anymore. The hedge fund has a large, publicly traded hospitality REIT as a parent company, so I was given the choice to go work for the parent company 1.5 years ago.
I handle all the financial modeling for our 3 public companies and got to keep the same comp. So any share repurchases, debt refinancings, hotel purchases/dispositions, M&A activity, etc etc ... I run the model and determine whether any potential strategy or deal we're contemplating is accretive or dilutive to our stock price. I deal a ton with all of our investment bankers - good gig, more stable, still using a very similar skillset.
Just let me know when you get ready to start an industrial fund. I know a guy who can run the whole thing, all you need to bring is the money.
I'm not picking stocks for a hedge fund anymore. The hedge fund has a large, publicly traded hospitality REIT as a parent company, so I was given the choice to go work for the parent company 1.5 years ago.
I handle all the financial modeling for our 3 public companies and got to keep the same comp. So any share repurchases, debt refinancings, hotel purchases/dispositions, M&A activity, etc etc ... I run the model and determine whether any potential strategy or deal we're contemplating is accretive or dilutive to our stock price. I deal a ton with all of our investment bankers - good gig, more stable, still using a very similar skillset.
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