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quote:
Originally posted by snipes:
quote:
Originally posted by Italian Wino:
Canopy at US$31 today.

IW


Crazy huh? Up 17% just today. Makes me wonder how crazy it will continue to get over the next six months if nothing changes with the legalization expectation.


one could argue, that if you were very keen on legalization taht the best bets would be the big boys like RJ Reynolds or Altria.

cuz once the sleeping giant comes around...
quote:
Originally posted by g-man:
quote:
Originally posted by snipes:
quote:
Originally posted by Italian Wino:
Canopy at US$31 today.

IW


Crazy huh? Up 17% just today. Makes me wonder how crazy it will continue to get over the next six months if nothing changes with the legalization expectation.


one could argue, that if you were very keen on legalization taht the best bets would be the big boys like RJ Reynolds or Altria.

cuz once the sleeping giant comes around...


I agree with you g-man in a sense. When I saw Constellation brands purchase a 10% position in Canopy that's when I put my $ where my mouth is. No idea what RJ's Canadian tobacco plantations look like and whether they would retool, but American pot investment vs. Canadian are two different animals IMO and Sessions proved that again last week.
quote:
Originally posted by snipes:
quote:
Originally posted by g-man:
quote:
Originally posted by snipes:
quote:
Originally posted by Italian Wino:
Canopy at US$31 today.

IW


Crazy huh? Up 17% just today. Makes me wonder how crazy it will continue to get over the next six months if nothing changes with the legalization expectation.


one could argue, that if you were very keen on legalization taht the best bets would be the big boys like RJ Reynolds or Altria.

cuz once the sleeping giant comes around...


I agree with you g-man in a sense. When I saw Constellation brands purchase a 10% position in Canopy that's when I put my $ where my mouth is. No idea what RJ's Canadian tobacco plantations look like and whether they would retool, but American pot investment vs. Canadian are two different animals IMO and Sessions proved that again last week.


well there's also a matter of one country being 18x richer ;-)
Thanks for the tip on PNWRF. I did buy a smidge and it is starting to perk up again.

I’ve done fantastic the past two months on AMZN (which I plan to hold until the economy shows signs of turning over), BOTZ, and NVDA, as well as swing trading pot stocks as they gyrate with the uncertainty here.

Really wanted to go long on OIL etf after successfully swing trading it the past two years as it moved in a channel, but now it shows no sign of correcting and is up and to the right. For that reason, I’ve bought some under-loved shale plays that have fixed their balance sheets and pay good divvies. Favorite is TRGP.
quote:
Originally posted by WineTrooper:
For any biotech people, SGEN and NKTR are ripe for long term holds. I know a guy who works in that space and he feels strongly that SGEN and NKTR are takeout ripened and could be doubles this year or next. Both have impressive products in circulation and some income along with good pipelines.


Yeah...PNWRF continue up Smile

I agree that both these biotechs look like doubles from here.

I’m playing in some smaller names looking for multi-baggers (with higher risk obviously).

Bfw
quote:
Originally posted by bfw:
quote:
Originally posted by WineTrooper:
For any biotech people, SGEN and NKTR are ripe for long term holds. I know a guy who works in that space and he feels strongly that SGEN and NKTR are takeout ripened and could be doubles this year or next. Both have impressive products in circulation and some income along with good pipelines.


Yeah...PNWRF continue up Smile

I agree that both these biotechs look like doubles from here.

I’m playing in some smaller names looking for multi-baggers (with higher risk obviously).

Bfw


Which small bios?
quote:
Originally posted by WineTrooper:
quote:
Originally posted by bfw:
quote:
Originally posted by WineTrooper:
For any biotech people, SGEN and NKTR are ripe for long term holds. I know a guy who works in that space and he feels strongly that SGEN and NKTR are takeout ripened and could be doubles this year or next. Both have impressive products in circulation and some income along with good pipelines.


Yeah...PNWRF continue up Smile

I agree that both these biotechs look like doubles from here.

I’m playing in some smaller names looking for multi-baggers (with higher risk obviously).

Bfw


Which small bios?


TH.to (THERF) - They have a parternship for a new HIV drug (Ibalizumab) that should be approved by the FDA shortly. I have peak earnings for them at over $2 in 2020. Note that I’ve held this one since 30 cents and am hopeful it takes on a trajectory like JAZZ.

Bti.v (BIOAF) - Riskier. They have technology to transport meds across the blood brain barrier. The company was previously mismanaged but now has a whole new management and board. They’ll need to raise capital but they’re priced like a cheap option at the moment anyway.

Bfw
Thanks...my friend did me a solid on NKTR one to the tune of $20/share and growing. I'm probably going to buy a little more SGEN too at these prices. They have a lot going on and a good drug at market.

Also very glad I went heavy on NVDA and AMZN this year. Just big time growth. I'm going to probably dump NVDA shortly though. Very high turbulence and a 15% gain isn't something to laugh at.

g-man: what do you think of the aging bull? Short of a black swan, how much "legs" are left in this OLD bull market?
i'm in a, take profit when i make a decent chunk, then sit on the side lines and let the world pass me by.

I was ~95-99% invested in stocks up until a month ago.

I'm down to ~60% in stocks unless there's an occasional stock that someone mentions and the #'s work out after looking into the co, in which case I'll move the cash I have sitting on the side lines into play for short term.

so nktr i'm out. Got in monday picked up those great gains monday and today. Out.

a majority of the stocks i currently sit on are consumer staples and big banks. I figure larger cap blue chips might go down but they still pay a dividend typically.

my personal hope is for a 5-10% correction before getting back in, but i've been saying that for the past month and missed out on some gains since i went to so much cash.

i still contribute income into SPY funds regardless as I consider that just better than putting money in a bank.

What i did go into though is large cap china stocks like tencent. They have so much cash sitting around and are just buying up everything, I'm hoping they take over all of china =). The returns for asian stocks so far have far outpaced US stocks.

TLBig GrinR, I'm sitting on a bunch of cash and not as sure as I was last year that the bull market had more to go.
quote:
Originally posted by WineTrooper:
When it happens, I think we see a 15-20% correction with the amount of dumb money in the market now. Maybe Dow 20,000. I’ll be a buyer there and will probably go heavy on oil stocks at that time. We are ripe for a commodity rebound and I suspect that regardless of the market, oil will be a safe play.


i dont think so

North america just produces soo much damn oil and i dont see it slowing down with mr orange at the head.

that said, hard tangible commodities are always a nice spot to hide some money
quote:
Originally posted by WineTrooper:
When it happens, I think we see a 15-20% correction with the amount of dumb money in the market now. Maybe Dow 20,000. I’ll be a buyer there and will probably go heavy on oil stocks at that time. We are ripe for a commodity rebound and I suspect that regardless of the market, oil will be a safe play.


I’ve been accumulating some oil stocks since last year. It really is slow going from them but oil prices have risen significantly and the equities have not followed yet....

The Bloom seems to be finally coming off cryptocurrencies and weed stocks are taking a much needed breather. Some of that money should eventually find its way to the underinvested oil sector.

It’s not often that you can find stable small companies with 9-10% yields (CJ.to) but an energy bear can do that....

Bfw
quote:
Originally posted by g-man:
quote:
Originally posted by WineTrooper:
When it happens, I think we see a 15-20% correction with the amount of dumb money in the market now. Maybe Dow 20,000. I’ll be a buyer there and will probably go heavy on oil stocks at that time. We are ripe for a commodity rebound and I suspect that regardless of the market, oil will be a safe play.


i dont think so

North america just produces soo much damn oil and i dont see it slowing down with mr orange at the head.

that said, hard tangible commodities are always a nice spot to hide some money


The US produces just under 50% of its oil needs even after the shale revolution.

Plenty being imported on a daily basis.

Meanwhile, worldwide oil demand grows every year (rapidly lately) and companies have reduced investments globally over the past 3 years.

There is a reason WTI is up from a low of $26 to $65. The Saudis and Russians want it and shale cannot meet worldwide growth alone.

Bfw

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