[Spudd]

Canopy just launched a website called "Tweed Main Street" where you can buy medical marijuana online (with a prescription). Presumably once it goes legal for recreation this same website will sell the recreational stuff too. Anyways, the only products I could see on there were oils, so I believe they are already available here, for medical use. This seems to imply they would also be available for recreational. If I were the government I would want to encourage that, as smoking can be hazardous to one's health.

 

[Spudd]

I had an individual marijuana stock for 8 months. It had gone up 350%, and I didn't feel comfortable with it, so on Friday I sold 5/6 of my position and moved it into HMMJ. More diversified, but still playing the trend.

 

[Spudd]

HMUS is doing even better than HMMJ.

 

[Spudd]

I'm only down 13% on this now! LOL.

 

[Spudd]

Now down only -7.5%! Green is in sight...

 

[Spudd]

Up 8% today. You even now?

maybe I should take some profits.

Yup, +4.6% now! This thing is flying. I'm setting a trailing stop now.

 

[Spudd]

I’ve never tried advanced order techniques. What are you setting your delta too?

I set it to 1.48 because the current average true range is 0.74. No idea really if that's a good idea but it seemed reasonable.

 

[Spudd]

My trailing stop triggered yesterday at 18.22 and I'm happy with that. Got away with a small profit. Even if it goes back up I won't be sad because I don't really want such a niche thing as part of my long-term portfolio.

 

[Spudd]

How come nobody talks about pot stocks any more? I guess everyone has moved on to energy stock hype.

HMMJ never went anywhere, as it turns out.



Interestingly, since I posted this observation on Jan 14, 2021,
TSLA +3%
NIO -65%
PLUG -64%
FCEL -68%
BLDP -70%
HMMJ -47%

I was right about these sectors being a bubble.

It went somewhere. Then it went somewhere else.