In my research for marijuana stocks I am constantly seeing comments from people that want to know how to get into trading stocks, mainly marijuana stocks. I have commented several times on the basics and how easy it is but I realize that it always seems easy to those who know how. I first started learning how to trade stocks 20 years ago. I was mainly interested in learning about commodities likes silver, gold, corn, wheat, etc. I read all the free material I could find but it wasn’t until I ordered a paper training course that I finally started understanding what the stock market was all about. But probably the worse part of learning was not having enough money to open an account with a stock broker. Things have change a lot in 20 years and I think there are brokers where you can actually get started with a couple hundred dollars. When I started I couldn’t find anywhere to sign up for less than $5000 and it took me several years to finally manage to have $5000 to put into an account. It also had to be $5000 that I could risk losing which was a really scary thought. I’ve come a long way since then and although I’m not rich or at least not a millionaire I am at a point where I can buy and sell several thousand dollars worth of stock in one day. And I think I’m pretty good at it! Most of my purchases are long positions for stock that I know is on a bull run. After a few days when I think the stock has peaked I’ll sell and take some profits. I’ve also learned to watch for stocks to plunge shortly after I buy and to get out fast. Don’t worry about losing a few hundred when it could easily turn into a loss of thousands. ”
I was doing more research on marijuana related companies and I came across this handy little grinder. I was seaaching to see how Vapor Group, Inc.(OTC Pink: VPOR) is doing in the market and found that they have changed to NewGen Concepts, Inc.. The company has a subsidiary, Total Vapor Inc. that is a distributor of this handy little grinder that you can see in the YouTube link above.
The company is a Micro cap in the 5 million dollar range. There last stock price was 0.0012, down just a little from the 52 week high of 0.0022 on October 7, 2016
People need to quit making stocks so difficult. You don’t need an advisor, in fact the people I have paid have caused me my biggest losses. If you have money to open an account do it and then start buying and build from there. Something as simple as Ford. When I first bought Ford it was $8, now it’s $12 and been higher plus you get paid dividends. I don’t remember where EXPD was, less than $20, now $54. I learned by reading a lot. I use Scottrade and it only cost $7 each time I trade. And this isn’t an advertisement 🤓
If you have a favorite stock, leave a comment, I’d love to hear from you. I have started compiling a list of marijuana/cannabis stocks but I’m not even close to having all of them. The ones I have listed are just the ones that came up first so I’m thinking they are the most popular. I do know that several of these stocks I have listed are names that I constantly see in the news and being talked about on financial websites. Today’s winner or at least the most shares traded is CBIS aka Cannabis Science Inc. The stock is trading at 0.0928 cents a share which is up from recent trading. There has been approximately 88 million shares traded with an average of just over 38 million shares traded in 100 days. That’s a lot of trading! A few weeks ago I purchased 60000 shares of CBIS and maybe I should have held on to them but I sold them within a few days at a loss of maybe $100. Today I’m kind of regretting that because it’s looking like I would be about $1800 ahead. But I started reading everything I could find on CBIS company and I didn’t like what I found. Personally I think it’s just a matter of time before they fail and I’m fine with just getting most of my money back out of my trade. I would say today’s surge in price will be short lived and probably by the weekend there will be a lot of people taking profits which means they will be selling and then the price will most likely drop back to 6 cents or somewhere around there. FYI: I’m not an advisor, I’m just an individual stock trader but I do trade stocks quite often and have been for nearly 20 years. With all the craze over marijuana stocks I enjoy watching where the prices are heading and trying to make a few bucks in the process and also letting my readers know what I think and what my experiences have been. I am in no way giving advice to anyone else and if you invest according to anything you have read here you are on your own.I will say that if I had a goal here it is to keep people from losing the little bit of money they have thinking they will get rich buying a few hundred bucks worth of penny stocks. It’s not too likely to happen. When I bought 60000 shares of CBIS I had intended to buy another 40000 to put me at 100000 shares. That’s not a big investment when you are only paying lets say 5 cents a share. My thinking was like this at first. I thought CBIS looked like a really good company and if they kept doing good and eventually hit an unrealistic price of $10 a share my investment would be worth One Million $$. That sounds great but yeah, I won’t go into detail but I didn’t like what I read in the SEC filings, annual, quarterly reports, insider trading, etc. I’ll leave that to you to do your own research and come to your own conclusion. But here is just a few basic things I have read on several of these new companies, is that they are focusing on certain products, they are researching products, yet they have no actual products yet and have none or very little revenue yet. And some of these companies have actually been in business for several years. Well that’s enough on that for now. Have a Great Day! Denver
Is that what the commercial says? Since tomorrow is MLK day and the stock markets are closed I decided to comment on a personal problem but one that affects 1000’s of men every year, Prostrate Cancer.
Yeah, I recently found out I have prostrate cancer, again. What really sucks is that this will be my second bout with it so I’m not sure what to expect. I was diagnosed with prostrate cancer in 2007 and went through external radiation therapy. I had 45 treatments over a 9 week period and it killed the cancer. But I knew there was always a chance of it returning and it has. So now I have fewer options for treatment but I will be getting shots that should keep the cancer from spreading for a few years at least.
You can definitely say it is a family tradition too. My father died of prostrate cancer in 1997, he was 75 years old. Just a couple years ago my oldest brother, Kenny, found out he had it and he went through the radiation therapy. So far he is still cancer free. Today I talked to one of my younger brothers, Jim and found out his PSA is up to 10.8 but he doesn’t have cancer. I have to be a pessimist but I said, not yet. He probably has prostatisis but his Doctor doesn’t seem to know what the problem is. With numbers that high I’m sure it is just a matter of time and he will have cancer. And I have one more brother, Tim, him and Jim are twins. I think it was about a year ago that Tim said he had prostrate cancer. Well I don’t know what was up with that but not longer afterwards he stated that the cancer was gone or had gone away. Lucky Tim! LOL
Anyway, that’s why I say real men get checked. If you are a older man, 40 or so, you best be getting checked regularly. Prostrate cancer can be treated and is not a death sentence if it is detected in the early stages. And even though this is my second time around fighting it I fully expect to live for several more years thank to the drugs and other treatments that are available. I will be getting shot of Enzalutamide along with shots of Leuprolide which focus on lowering the amount of testosterone that your body produces. Testosterone is basically what the cancer feeds on so by starving the cancer you can keep it from growing and spreading. Sounds good to me! And it definitely sounds like a better alternative to being castrated, you can go that route if you would rather not get the shots. Not for me! Also, you can have your prostrate removed. Once again, not for me! One of the bad side effects is incontinence and I’m not into wearing Depends, not for me!!
I was really looking forward to seeing where the stocks prices for marijuana would go tomorrow but the markets are closed in observance of MLK.
Indiana: Pending Legislation Seeks to Provide Medical Marijuana Access
A Senate lawmaker has reintroduced legislation, SB 255, to regulate marijuana access to qualified patients.
The measure, sponsored by Democrat Sen. Karen Tallian, establishes a statewide medical marijuana program to permit qualified patients — including patients with arthritis, migraine, PTSD, and seizures — to legally obtain cannabis products and to engage in cannabis therapy.
Twenty-nine states and the District of Columbia have enacted statewide provisions allowing patients access to cannabis therapy. Indiana patients deserve these same protections.
For more information, please contact Indiana NORML here or visit their Facebook page here.
Additional information regarding statewide efforts to legalize medical marijuana in Indiana is available from Hoosier Veterans for Medical Cannabis, which may be contacted vis Facebook here.