John Price
pro gambler/drinker
- Sep 19, 2008
- 388,933
- 32,121
weed stocks, boys. weed stocks. what an incredible run these past two weeks. got out today with 6x returns. ogi.v, cgc.v
CarlWinslow - Just open a trading account with your bank. You can trade online, buy and sell. I'm with TD. I had to call and make an appointment with the bank. You can start with as much cash as you wish, as long as you have enough to cover the share price and the trade price. I pay 9.99 per trade, but they all differ. But t's really risky. Someone is going to get left holding the bag at some point.
My Aecon stock jumped 70 cents with the Liberals election.
Crazy market, so many attractive prices. AMBA is falling like a rock, never owned it before but thinking of getting in. SKX I own, it's just coming off a 3-1 split but it's down huge in after-hours due to earnings, I actually like what I red and if it drops into the low 30's it's a buy for sure. TASR is another one I own that is still very cheap compared to future earnings.
ACHN is going to be a big winner, the bio-techs are getting killed right now but at some point the bleeding will stop and someone is going to make a killing picking up the cheap shares. Keeping my eye on VRX, almost bought some at 90 but if they did fudge sales #'s that's going to be very ugly on top of it already dropping from over 260 to under 90 in less then 3 months. Ouch.
I can't really help you there as I live in the states. I use Scottrade, but most online brokers you can set up accounts for 2K or so, have heard of others that are less but I would just add that the less money the harder it can be to make money.
I was in weed stocks when they were really hot and was lucky to get out in all but one. That sector has been crushed after it was insanely hot. I would never recommend OTC stocks (and even more so to the pink sheet stocks) to anyone as they are very risky on top of the regular equity risk as they have unregulated risk meaning they can just about do or say anything.
HI fellow owner of CGC
After making a solid return I decided to sell out enough to breakeven and keep the remainder in as profit. I was willing to sell 2/3 at probably a lower price than I could get if I waited but I just have a feeling it will level out and drop a bit soon. I made that mistake with BBD (Bombardier). Bought at 1.15, price starting going up within the next week, I had a plan to sell at 2.00 after seeing it go up for a while but decided to hold off because of the jumps it was taking every day. Ended up hitting like 2.02 the same day I was going to sell and then it dropped back down to where it is at about 1.50 right now. I was going to do the same thing and sell to my breakeven and keep the rest for my portfolio.
I am going to look up OGI. I am looking for another weed stock to get into. My buddy bought some of APH which is about half the price of CGC and similar increases of .10-.20c raises per day.
Keep riding cgc up. It'll go to 8-10, and I wouldn't be comfortable holding it any longer than that. I doubled cgc.v and made the 6xreturns on ogi.v
Good price to get in on BBD. I haven't gone in it yet.
Hey Montreal, I just found out about this thread as I dont visit the lounge too often, you're one of my favorite posters to get reports on habs prospects but I had no idea you worked in the stock market, I went through the whole thread and I gotta say I really appreciated your insight, I kinda wish there was more activity in this thread because it's been a super interesting read for me as I am a finance student, I was pretty lucky to come from a family that have been involved in the stock market for a while and can educate me on the stock market a little bit, my mother has managed a trading account for me during my childhood and still does because she is pretty good at it but does not do it professionally either. I also worked crazy hours during the past two summers to gather enough money to open my own trading account and experience and try to test different trading methods on my own as I have a particular interest in technical analysis because it's a method a university teacher I really liked recommended to me, the idea of seeing profits on a regular basis instead of just waiting on them constantly attracts me a lot but I understand I need to basically become a master at it if I dont want to get burned. I've been trying to read and gather knowledge on the subject everyday for about a year and a half now and have had some success and also a major failure panic selling trading leveraged natural gas ETN's, I am definitely done with those now.
I see that you are an expert in Biotech, I currently dont own any bio stocks in the account I manage on my own but in the one my mother manages I currently own PFE, GILD (that was my idea, bought it @90$) AND SNY which went through hell last week after they announced no profit growth for the next 2 years, if you have any recommandations on any of these I would highly appreciate your insight. I'm following VRX but it still feels like there is more pain is coming, waiting for a bottom here. As for other stocks I'm mostly invested in Canadian banks, Canadian energy ETFs which got killed the last year, FB and AAPL.
Any kind of insight on whatever stock you're looking at would interest me very much, thanks!.
SKX should be in the '40's in 6-9 months.
I sure hope so. I bought when it dropped, but too soon as it continued to do so. Getting back to the 40s will be a great payoff here for being patient.
Me, I don't know much but I follow daily/weekly trends. For active trading I buy and sell on a swing and usually am in & out with profit anywhere from minutes to a couple days depending on how fast they prices move up (and hit my goals).
I'm not sure what happened last week but everything I got into saw a loss or has stayed put. The rapid fluctuations stopped, but I trust (hope) they'll get back to it in a week or so. It sucks to sit and look at, but at least I have the time to wait for them to do what I bet on in the first place.
I base all my financial transactions on what "The Special One" would do
I've been trading stocks since the early '90's, have worked for Vanguard Group, JPMorgan, Citi, etc... With Bio's it's a great time to start a position but you have to know what you are doing as it's high risk. But that's why people invest in them as they have major upside. Right now the sector has been getting thumped but should start working it's way back.
I mainly invest in US companies and I only trade off the Nasd/NYSE, and if I have a lot of money in one stock I prefer to hedge a bit with options. As for technical analysis it's a must but I usually look at everything. How do the fundamentals look, what kind of cash to debt do they have, if they don't make money how much do they burn through. What's the short interest look like, how much float as the lower floats can really move quickly but you have to be careful with them. Revs and earnings estimates for future growth. Then I look at the sector, how it's been doing, if I think it's hot or a value play. What's the chart look like, where is the support, how does it trade when testing the resistance level etc...
I'm not great at charts, but always use them to get an idea of where I think the stock is headed. But other times I will just buy as a value play, other times I buy to dollar cost average into a position if I think I'm going to build it up over several years, buying small amounts on the dips. Sometimes I buy if they are expecting data/news soon to try and catch the pop and get out for some quick cash. Sometimes I buy because the chart looks like a good setup. So I don't follow any one rule to trading, often I go with my gut after all the years of experience but I also know that this is a business where being wrong can cost you a lot of money and you have to accept that at times you will be wrong even though it can be for the right reasons. The market can just do unexpected things that don't make sense, mainly because of illegal shorts and HFT but it can also work to your benefit as well.
Here are some things I've done well with in Biotech- First the big/mid caps- REGN, GILD, KITE, BLUE, GWPH, JUNO, PCRX, ITCI, XON. I'm thinking of getting in CELG and NVS as I like both but waiting on some of the others to move up more so that I can take some more profits. GILD is a good long term hold, REGN might get bought out, KITE I like a lot, JUNO I don't know if they get bought by CELG or not.
Now here's some small/micro caps that I've done well with, ACHN, RLYP, EXEL, FOLD, CEMP, SRPT, OPK, ATRA, ZIOP, SYN, PGNX, LPCN, SGYP, ABUS, IDRA, XOMA, MEIP.
Here's some that I like but haven't worked out yet, TTPH, OCUL, NBIX, ESPR, PTCT, ADXS, RCPI.
I think ACHN is going to be a big win, I love the story behind RCPI as it's a long term play for me but for now it's been my worst pick. They have a great drug though and I know their story better then any other stock I have ever researched.
As for non Bio's, I have done well with FB and think it's a good long term hold. I just bought APPL at 115 but waiting to see where that goes. Really like TASR for the long term, SKX should be in the '40's in 6-9 months.
Thanks for the tips, dont ever hold back from posting here, it's super interesting for me and many others I'm sure.
I'll take a good look at the Biotechs you mentionned, add them to my watchlist and try to get familiar with their price actions to catch some dips. I see you're very high on ACHN, I might try to start a position in the future if the price can go a little lower, should've bought on the bad news that brought it back to 7 a couple weeks back, their HCV pipeline is very interesting as it reminds me of GILD who I had decent success with it, I just wish I sold the latter when it was at 120 to buy back lower, I gotta trust my instincts more, I have an easier time buying than selling, one of my teachers said that was really common with young investors.
I had never heard of RCPI, had quite a ride in the last couple years, seems like it's at an interesting level to start a position right now as the pain has settled down significantly the last 2 months, I wont be lazy and will try to do my research on them but do you think it will keep going lower short term? I know you do this professionally and might not be interested in giving that kind of advice to a random person on the internet, if thats the case I wont blame you for it at all but I would definitely trust you a lot more than any random guy on stocktwits or Seeking Alpha. The chart does look like it's been in consolidation for a while now and primed for a breakout. I just dont know if I have the nerves to invest in a stock that can lose 10% on any random day yet, that would be a first.
SKX is interesting, their long term chart was looking great up until their 3rd Q earnings, you guys seem pretty confident it's going back up soon, their rising inventory levels are a little worrisome for me but I'll definitely try to start a small position if it gets under 25, if it is indeed going back to the 40's that would easily be my best play yet.
TASR seems like their video cameras will be big in the future, will definitely keep an eye on that one too.
As a newbie I am doing my own digging and learning. I just came across the term RSI. How important is that for a metric to use? It seems like something very valuable to the investor. I guess what do you believe to be the best ways to value a potential investment?
TASR, SKX and many others looking really good exactly like montreal said they would
it was a good day for sure. Still think TASR and SKX have a lot more to go. Almost bought in some SUNE yesterday at 2.87, not sure if it's a smart move but down from 30's and the balance sheet is a bit of mess but thought it would bounce today. Oh well maybe it will drop tomorrow or Friday and maybe I'll pick up a few hundred shares.
Might do the same with CLVS, I almost bought it at 68 but liked others and I'm overloaded with Bio's. Thought I made a big mistake when it broke 100 but then the FDA asks for more data and it drops to 26. Will be keeping an eye on it to see where support comes in at and how it trades the next few days. Might jump in with a small buy and see how it goes.
Waiting for a good price on SGEN, TRVN, ALDR to get in. TXNP is another good one, have been building up a position for some time but think later next year they should be in the 20's or 30's.
Do you have any insight as to why TASR bounced from 17.40 or so to low 16's then back to 18? I haven't read anything that makes sense to me. Again, I'm a newbie so I'm just looking for what someone more seasoned looks at when you see something bouncing around that much over 2-3 days.
Do you have any insight as to why TASR bounced from 17.40 or so to low 16's then back to 18? I haven't read anything that makes sense to me. Again, I'm a newbie so I'm just looking for what someone more seasoned looks at when you see something bouncing around that much over 2-3 days.
My bios are all killing me this month. All looked poised to rally and...crash. Planning to hold on but they seem to be going nowhere and I'm not sure when to give in