Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Record Highs on Wall St. ...in pot
Old 01-02-2014, 06:05 PM   #1
Full time employment: Posting here.
 
Join Date: Aug 2013
Location: North
Posts: 714
Record Highs on Wall St. ...in pot

So there were some record highs on wall street in pot. No pun intended and taken from the headlines themselves.

My question to you all is anyone invested in anything related to this new 'sector" or industry...not sure I guess it's an industry.

Also, is there a mutual fund that targets this industry?

Marijuana Companies See Stocks Jump | TIME.com
__________________

__________________
kgtest is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-02-2014, 06:10 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,449
I saw a similar story elsewhere. Took a quick look at a couple of these companies, and they were all penny stocks. So, they jumped from 2c/share to 4c!

No, I do not deal in penny stocks. Never have, never will.
__________________

__________________
"Old age is the most unexpected of all things that can happen to a man" -- Leon Trotsky
NW-Bound is online now   Reply With Quote
Old 01-02-2014, 06:18 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,535
I was scratching my head today trying to figure out how all the new MJ stores in Colorado were able to obtain inventory before opening on Jan 1.
__________________
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
audreyh1 is offline   Reply With Quote
Old 01-02-2014, 06:40 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Quote:
Originally Posted by audreyh1 View Post
I was scratching my head today trying to figure out how all the new MJ stores in Colorado were able to obtain inventory before opening on Jan 1.
They are all existing medical weed dispensaries, so they already had grow operations to supply their existing clientele. They simply ramped up production and/or sold some of the medicine to thrillseekers.
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Old 01-02-2014, 07:13 PM   #5
Full time employment: Posting here.
 
Join Date: Aug 2013
Location: North
Posts: 714
I realize anything that does exist in the form of trading this is more than likely in the form of penny stocks. But it' will still be interesting to follow some of the larger players and see if anything makes it to major market.
__________________
kgtest is offline   Reply With Quote
Old 01-02-2014, 07:33 PM   #6
gone traveling
 
Join Date: Jun 2012
Location: Austin
Posts: 245
I'm thinking it won't be long before tobacco companies wrestle their piece of the action. RJ Reynolds, Philip Morris (Altria).......
__________________
LakeTravis is offline   Reply With Quote
Old 01-03-2014, 07:33 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Apr 2013
Posts: 5,604
They kind of are. Through their e-cigg business, a very small piece of their core. Many M.J. users don't smoke anymore, they vap. Of course I'm just repeating what I heard, I have no knowledge of what M.J. is.

Investment wise I've held MO for years, think I'll keep it.
MRG
__________________
MRG is online now   Reply With Quote
Old 01-03-2014, 09:01 PM   #8
gone traveling
 
Join Date: Jun 2012
Location: Austin
Posts: 245
Well whaddaya know.....check out a "WhoIs" search on these two domain names:

AltriaCannabis.com

AltriaMarijuana.com

I'll save you the trouble - Altria (Phillip Morris) owns both of them.
__________________
LakeTravis is offline   Reply With Quote
Old 02-25-2014, 08:45 PM   #9
Thinks s/he gets paid by the post
heeyy_joe's Avatar
 
Join Date: Nov 2012
Location: Madeira Beach Fl
Posts: 1,403
PHOT & MCIG are interesting long plays. The former serves growers and the latter serves users.
__________________

__________________
_______________________________________________
"A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do" --Bob Dylan.
heeyy_joe is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 11:35 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.