• Moderators, please send me a PM if you are unable to access mod permissions. Thanks, Habsy.

Hey Nerds: Blockchain

In fairness you can throw a dart and hit a name that did hundreds of percent if you bought on March lows! One of a kind opportunity.
 
Preston said:
In fairness you can throw a dart and hit a name that did hundreds of percent if you bought on March lows! One of a kind opportunity.
Click to expand...

I was bearish for too long in late March/April but even I found some things worth buying -- Roku at 59, Pton at 19...

and best of all TRUL warrants at $2.20, NOW AT 22
 
Yup. I wasn't necessarily bullish during March. In fact, I was looking at another 10-15% but I was willing to hold on in the midst of turbulence and kept buying on the way down. Just looking back now, my best bottomed timed buys: 6000 shares of GTII at 5.42 and 3000 shares of TRUL at 8.43. But I bought batches of TRUL at 10 and 9 and GTII from $10 all the way down to $5.42, with increasingly larger lots as she got cheaper. Had a huge huge position of GTII and a large, but not as large position on TRUL at the time. It worked!
 
I lost a lot before the benefits came of course. I played HSD on the way down (which freed up a LOT of cash for my GTII/TRUL positions) but it wasn't enough to break even or come close really. I took a hit in all of my accounts, not just my longs.
 
who are we kidding, our best buy was CBII at .08 cents. We thought we were buying a cannabis analytics company but we ended up with tele-health. Now I know how the Wings felt when they drafted Pavel Datsyuk.

In fairness to us, we really liked the CEO so we invested in him, and the guy is a gangster for pivoting from weed to healthcare
 
CH1 said:
who are we kidding, our best buy was CBII at .08 cents. We thought we were buying a cannabis analytics company but we ended up with tele-health. Now I know how the Wings felt when they drafted Pavel Datsyuk.

In fairness to us, we really like the CEO and we invested in him, and the guy is a gangster for pivoting from weed to healthcare
Click to expand...
100%. That shit was genius. The company itself wasn't growing and looked kind of dead-endy but fuck me they pivoted in a genius way. Management was the reason I originally invested in them and it's the reason I hold them today!
 
For sure....for my long term holds, I generally listen to or read one substantial interview with the CEO. If I don't think they're sharp, I'm out.
 
Last edited:
LHS is an example of management with red flags from the start. Any links to Andy Defrancesco and Aphria and I'm out.


In saying that, yes I do have an Aphria position on my RRSP. I bought one day when the Canadian market was closed and it cratered the day before earnings so I put whatever free US cash I had into Aphria. And then it went up like 20% on earnings and I haven't sold since because I'm calling it my Canadian weed market hedge (and it's a small position that I'd need like 100+% gains to be tempted to sell). Just checked and god damn, I'm up 80% on it. That's cool. I still hate them and don't trust their management with a ten foot poll.. And r/weedstocks' obsession with them has always been a huge red flag. Yet here I am, owning them.
 
Yeah, I was a bit surprised you long term held Apha, but if it works, why not. I tried to get you in VFF.
 
It's a small position that I got stuck in. I would've preferred vff but it what it is. Could've had both! Too bad.

Also this whole thread is funny:
 
You must log in or register to reply here.
Back
Top