Pot Stocks

shadowcast
shadowcast Posts: 2,336
in A Moving Train
Anyone else investing in these stocks? If not I highly (pardon the pun) suggest to do so.
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  • my2hands
    my2hands Posts: 17,117
    any good examples off the top of your head?
  • shadowcast
    shadowcast Posts: 2,336
    edited January 2014
    FSPM
    GWPRF
    MJNA
    PHOT
    TRTC

    Not only look at companies that produce it. Look at companies that make the lights, nutrients, water systems and green houses. Here is the good part. They are mostly penny stocks. So get they before they hit the DOW/NASDAQ. But also do your own research.
    Post edited by shadowcast on
  • Idris
    Idris Posts: 2,317
    Good idea, thanks.
  • hedonist
    hedonist Posts: 24,524
    Excellent, thanks!

    Will see if I can get these through my 401K.

    (ps - damn you, new format! *shakes fist*)
  • Idris
    Idris Posts: 2,317
    Got my eyes on FSPM, liking its movement.
  • shadowcast
    shadowcast Posts: 2,336
    Check out MDBX. It is in beast mode right now!!!
  • shadowcast
    shadowcast Posts: 2,336
    TRTC is also up 33% today.
  • Idris
    Idris Posts: 2,317
    Cool, I've added them to my 'watchlist',

    btw keep an eye on DDD, 3D Systems, its a long term stock (2-4-6 years)

    as 3D printing grows, so should this stock. Its my one long term stock. Other stocks I have I trade daily.

    Only thing, its not a penny stock...








  • shadowcast
    shadowcast Posts: 2,336
    edited January 2014
    Thank you! I will look into that as I always thought 3D printing is very interesting. Another stock that I find interesting is Roundy's RNDY. They have bought the majority of the Dominicks food stores here in the Chicagoland area and might be on the up and up.
    Post edited by shadowcast on
  • Godfather.
    Godfather. Posts: 12,504
    shadowcast said:

    Anyone else investing in these stocks? If not I highly (pardon the pun) suggest to do so.


    looking into it., back in the 70's and 80's I didn't think I would ever live to see this day,I wonder how long before it becomes legal nation wide ? California will be a mecca for pot growers...fallbrook and northern Cali will friggin boom...you guys were right I respectfully admit.
    http://money.cnn.com/2014/01/07/investing/marijuana-stocks/index.html?hpt=hp_t3


    Godfather.

  • shadowcast
    shadowcast Posts: 2,336
    Off to a good start today. Just bought GRNH. Really looking to drop $$$$ into MDBX.
  • a5pj
    a5pj Hershey PA Posts: 3,976
    can I ask what service you use to buy? e-trade etc?
    Wouldn't it be funny if the world ended in 2010, with lots of fire?



  • Idris
    Idris Posts: 2,317
    10% market correction coming? Some seem to think so...Personally I thought we would have a correction in 2013, but I can see it happening this year.

    But probably more than 10%, maybe 15-25%...ah, lets see.

  • Idris
    Idris Posts: 2,317
    a5pj said:

    can I ask what service you use to buy? e-trade etc?

    I'm with TD Ameritrade,

    I checked a few others out, but TD for me (overall) was the best option. Fidelity is suppose to also be good, I may give em a go later in the year.

    Only issue I have with TD is the mobile app for windows phone kinda sucks.
  • Idris
    Idris Posts: 2,317
    I may give e-trade a shot also, they have generally good user reviews.
  • a5pj
    a5pj Hershey PA Posts: 3,976
    so if I understand it right, basically every time you want to buy or sell a stock there's a fee that goes with it?
    Wouldn't it be funny if the world ended in 2010, with lots of fire?



  • shadowcast
    shadowcast Posts: 2,336
    I use etrade. It's $9.99 per transaction. So if you buy two different company stocks at the same time its' $9.99 per company. What I did was instead of giving 12% to my 401k I lowered it to 10% and took that extra money and started investing it myself. I have done endless research on the companies I have invested in and I actually find it quite fun. The thing is with these penny stocks is that they are not regulated so they risky...so they say. The two out of all the pot stock I think are good business men and truly care about their business in TRTC and PHOT. They are very honest reporting numbers and what they are doing. I got a letter in the mail for investors to come see their new green houses in Cali. I'm thinking is some of these early pot companies have a leg up on the big corporations and they will be bought out. That is when these penny stocks might boom.
  • Idris
    Idris Posts: 2,317
    edited January 2014
    shadowcast said:

    I have done endless research on the companies I have invested in and I actually find it quite fun. The thing is with these penny stocks is that they are not regulated so they risky...so they say. The two out of all the pot stock I think are good business men and truly care about their business in TRTC and PHOT. They are very honest reporting numbers and what they are doing. I got a letter in the mail for investors to come see their new green houses in Cali. I'm thinking is some of these early pot companies have a leg up on the big corporations and they will be bought out. That is when these penny stocks might boom.

    yeah that's the idea, have bigger corporations buy em out, and it will probably happen sooner than we think!

    Penny stocks (from my experience) tend to be quite volatile in nature, but that's not necessarily a bad thing.

    2013 I was mainly in tech stocks, this year I'd like to branch out more, starting with these stocks you've been mentioning, another week of research and I'll jump on em.
    Post edited by Idris on
  • shadowcast
    shadowcast Posts: 2,336
    here's a list http://marijuanastocks.com/content/list-marijuana-stocks
  • Idris
    Idris Posts: 2,317
    Excellent, thank you.

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