REVscene - Vancouver Automotive Forum


Welcome to the REVscene Automotive Forum forums.

Registration is Free!You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! The banners on the left side and below do not show for registered users!

If you have any problems with the registration process or your account login, please contact contact us.


Go Back   REVscene Automotive Forum > Vancouver LifeStyles (VLS) > The Business and Financial Forum

The Business and Financial Forum THIS SPACE OPEN FOR ADVERTISEMENT. YOU SHOULD BE ADVERTISING HERE!
Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance.

Reply
 
Thread Tools
Old 08-24-2018, 08:01 AM   #9651
My homepage has been set to RS
 
Join Date: May 2011
Location: Langley
Posts: 2,297
Thanked 503 Times in 282 Posts
Failed 56 Times in 36 Posts
Weed going crazy again today
Advertisement
Nabatron is offline   Reply With Quote
Old 08-24-2018, 08:19 AM   #9652
Rs has made me the woman i am today!
 
BIC_BAWS's Avatar
 
Join Date: Apr 2013
Location: revscene
Posts: 4,250
Thanked 4,804 Times in 1,625 Posts
Failed 165 Times in 63 Posts
Jesus christ $59 already??
__________________
|| 18 FK8 | R-18692 | Rallye Red | 6 MT ||
|| SOLD 97 E36 M3 Sedan | Arctic Silver | 5MT ||
|| RIP 02 E46 330ci | Schwartz Black II | 5MT | M-Tech II | Black Cube | Shadowline | Stoff Laser/Anthrazit ||
|| RIP 02 E46 M3 | Carbon Black | 6MT ||
BIC_BAWS is online now   Reply With Quote
Old 08-24-2018, 09:13 AM   #9653
#savethemanuals
 
Join Date: May 2008
Location: Richmond
Posts: 3,980
Thanked 2,551 Times in 950 Posts
Failed 106 Times in 40 Posts
Can't wait for $60. We were almost there already.

And APH is making me happy now too haha.
Energy is offline   Reply With Quote
This post thanked by:
Old 08-24-2018, 09:19 AM   #9654
My homepage has been set to RS
 
Join Date: May 2011
Location: Langley
Posts: 2,297
Thanked 503 Times in 282 Posts
Failed 56 Times in 36 Posts
Quote:
Originally Posted by hirevtuner View Post
sold all my shares today, bought mine it at $12/share
too soon junior lol jk u made bank might as well get out when it was hot!
Nabatron is offline   Reply With Quote
Old 08-24-2018, 09:19 AM   #9655
My homepage has been set to RS
 
Join Date: May 2011
Location: Langley
Posts: 2,297
Thanked 503 Times in 282 Posts
Failed 56 Times in 36 Posts
aurora needs to get past $8.77 then ill be happy haha
Nabatron is offline   Reply With Quote
Old 08-24-2018, 10:05 AM   #9656
#savethemanuals
 
Join Date: May 2008
Location: Richmond
Posts: 3,980
Thanked 2,551 Times in 950 Posts
Failed 106 Times in 40 Posts
$9.5 for me I bought ACB late.
Energy is offline   Reply With Quote
This post thanked by:
Old 08-24-2018, 10:05 AM   #9657
Rs has made me the woman i am today!
 
BIC_BAWS's Avatar
 
Join Date: Apr 2013
Location: revscene
Posts: 4,250
Thanked 4,804 Times in 1,625 Posts
Failed 165 Times in 63 Posts
Quote:
Originally Posted by Energy View Post
I actually don't know why the price keeps going up now. There's nothing new since the Constellation deal.
According to Motley Fool,

Consetellation initally purchased a 9.9% equity stake in Canopy Growth in late October 2017 for about $190 million.

In June, Constellation Brands further solidified its position by acquiring a third of Canopy Growth's 600M CAD convertible note.

Quote:
Then, last week, Constellation Brands surprised Wall Street when it announced an additional $3.8 billion equity investment in Canopy Growth, which works out to 104.5 million shares of common stock. The price Constellation paid per share to up its ownership stake in Canopy Growth to 38% was a 51% premium to where Canopy had closed on the day prior to the equity stake announcement. Furthermore, the deal comes with 139.7 million in new warrants to be held by Constellation Brands. If exercised, it could up its stake in Canopy Growth to more than 50%.
Given this, there is a real possibility that Canopy Growth will be the last one standing after the speculation period is over - Oct 17, 2018. Maybe we can expect to see long term growth to be worth hundreds of dollars.

But I'm not in it for the long term play.

Edit: Analysts think that market cap for WEED is 11.5Mil, it's currently sitting at 11Mil. Getting close.

Edit 2: https://www.fool.com/investing/2018/...x?fs_test=True

Quote:
Another important factor is that the opening of Canada's recreational marijuana market is right around the corner. The country is scheduled to begin allowing sales of recreational cannabis for adult use on Oct. 17, 2018. Earlier this week, Ontario, which has the largest population of all of Canada's provinces, announced supply agreements with 26 licensed producers, including Canopy Growth, Cronos Group, and Tilray.

Other Canadian marijuana stocks have also enjoyed big moves, but Canopy Growth, Cronos Group, and Tilray have stood above the pack. The most likely reason behind this is that they're the only Canadian marijuana stocks that are listed on U.S. exchanges.

Now what?

If we're indeed seeing institutional investors move into the top Canadian marijuana stocks, it could take a while for them to reach their target positions. While their buying continues, it will likely attract other investors to the stocks as well.
So it looks like maybe institutional investors are carrying the growth. No doubt the correction will happen soon, whether thats Monday or not is the real question. Still holding 60% of my original position in WEED, hope it goes up higher. Stop limit set at 57.
__________________
|| 18 FK8 | R-18692 | Rallye Red | 6 MT ||
|| SOLD 97 E36 M3 Sedan | Arctic Silver | 5MT ||
|| RIP 02 E46 330ci | Schwartz Black II | 5MT | M-Tech II | Black Cube | Shadowline | Stoff Laser/Anthrazit ||
|| RIP 02 E46 M3 | Carbon Black | 6MT ||

Last edited by BIC_BAWS; 08-24-2018 at 11:22 AM.
BIC_BAWS is online now   Reply With Quote
This post thanked by:
Old 08-24-2018, 10:56 AM   #9658
#savethemanuals
 
Join Date: May 2008
Location: Richmond
Posts: 3,980
Thanked 2,551 Times in 950 Posts
Failed 106 Times in 40 Posts
APH to $14 today?!
Energy is offline   Reply With Quote
Old 08-24-2018, 01:33 PM   #9659
RS.net, helping ugly ppl have sex since 2001
 
TypeRNammer's Avatar
 
Join Date: Jan 2005
Location: Vancouver
Posts: 9,552
Thanked 3,596 Times in 1,211 Posts
Failed 236 Times in 60 Posts
Quote:
Originally Posted by Energy View Post
$9.5 for me I bought ACB late.
How late is late?
__________________
Quote:
Originally Posted by The_AK View Post
Or you meet some girl at the club, cum inside of her, find out shes only in grade 12, so you buy a Prada bag for her to make things right, she finds out the bag is a fake and decides to have the kid
Quote:
Originally Posted by RX_Renesis View Post
wtf did she get some bolt-on titties or what?
they look sooooooooooo much bigger than they were 2ish years ago.
Quote:
Originally Posted by nns View Post
I can't stand the sound of Mandarin either. Boo yow nee bey nee shing bo now noong gey shee mayo mayo mayo mayo mayo mayo mayo.
TypeRNammer is online now   Reply With Quote
Old 08-24-2018, 05:49 PM   #9660
God of Unce
 
Armind's Avatar
 
Join Date: May 2008
Location: ASOT
Posts: 7,828
Thanked 167 Times in 43 Posts
Failed 285 Times in 103 Posts
What a glorious day
__________________
UNCE! UNCE! UNCE! UNCE! UNCE! UNCE! UNCE! UNCE! UNCE!
Armind is offline   Reply With Quote
Old 08-24-2018, 07:29 PM   #9661
#savethemanuals
 
Join Date: May 2008
Location: Richmond
Posts: 3,980
Thanked 2,551 Times in 950 Posts
Failed 106 Times in 40 Posts
It was indeed.
Energy is offline   Reply With Quote
Old 08-27-2018, 09:04 AM   #9662
#savethemanuals
 
Join Date: May 2008
Location: Richmond
Posts: 3,980
Thanked 2,551 Times in 950 Posts
Failed 106 Times in 40 Posts
Its time for APH to shine!
Energy is offline   Reply With Quote
Old 08-27-2018, 09:15 AM   #9663
My homepage has been set to RS
 
Join Date: May 2011
Location: Langley
Posts: 2,297
Thanked 503 Times in 282 Posts
Failed 56 Times in 36 Posts
Hoping Aurora starts shooting up! Stocks moving up again today!
Nabatron is offline   Reply With Quote
Old 08-27-2018, 09:20 AM   #9664
My homepage has been set to RS
 
Join Date: May 2011
Location: Langley
Posts: 2,297
Thanked 503 Times in 282 Posts
Failed 56 Times in 36 Posts
Cron going up lots too
Nabatron is offline   Reply With Quote
Old 08-27-2018, 09:27 AM   #9665
#savethemanuals
 
Join Date: May 2008
Location: Richmond
Posts: 3,980
Thanked 2,551 Times in 950 Posts
Failed 106 Times in 40 Posts
Yeah CRON doing well. Don't have any though...
Energy is offline   Reply With Quote
Old 08-27-2018, 10:48 AM   #9666
My homepage has been set to RS
 
Join Date: May 2011
Location: Langley
Posts: 2,297
Thanked 503 Times in 282 Posts
Failed 56 Times in 36 Posts
Do u think this trend is going to continue? Stocks are going bananas right now!
Nabatron is offline   Reply With Quote
Old 08-27-2018, 11:39 AM   #9667
RS has made me the bitter person i am today!
 
Join Date: Nov 2010
Location: /
Posts: 4,874
Thanked 2,583 Times in 995 Posts
Failed 253 Times in 72 Posts
I've had 6 green days in a row now. Just hit a portfolio all time high. Still want a crash to come though.
__________________


2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
Gerbs is offline   Reply With Quote
This post thanked by:
Old 08-27-2018, 11:48 AM   #9668
#savethemanuals
 
Join Date: May 2008
Location: Richmond
Posts: 3,980
Thanked 2,551 Times in 950 Posts
Failed 106 Times in 40 Posts
I'm holding until October and my plan hasn't changed.
Energy is offline   Reply With Quote
Old 08-27-2018, 12:25 PM   #9669
My homepage has been set to RS
 
Join Date: May 2011
Location: Langley
Posts: 2,297
Thanked 503 Times in 282 Posts
Failed 56 Times in 36 Posts
Man if Aurora hits to somehow canopys level I think I'm going to retire lol jk but fuck shit is going bananas since last week hoping this trend just keeps going. Don't get how canopy has gained so much compared to all the other weed conpanies
Nabatron is offline   Reply With Quote
This post thanked by:
Old 08-27-2018, 05:28 PM   #9670
Even when im right, revscene.net is still right!
 
Join Date: Feb 2005
Location: VEGAS
Posts: 1,387
Thanked 198 Times in 131 Posts
Failed 77 Times in 32 Posts
Quote:
Originally Posted by Nabatron View Post
Man if Aurora hits to somehow canopys level I think I'm going to retire lol jk but fuck shit is going bananas since last week hoping this trend just keeps going. Don't get how canopy has gained so much compared to all the other weed conpanies

Isnt canopy in the states now too? Maybe Americans are buying them too. I dont know haha
DavidNguyen is offline   Reply With Quote
Old 08-27-2018, 05:39 PM   #9671
Need my Daily Fix of RS
 
DGN23's Avatar
 
Join Date: Apr 2013
Posts: 282
Thanked 170 Times in 68 Posts
Failed 15 Times in 5 Posts
Quote:
Originally Posted by BIC_BAWS View Post
According to Motley Fool,
Given this, there is a real possibility that Canopy Growth will be the last one standing after the speculation period is over - Oct 17, 2018. Maybe we can expect to see long term growth to be worth hundreds of dollars.
Don't under estimate Aurora. Diageo (The largest liquor company in the world) is rumoured to be shopping around for a company in Canada. Constellation is already with Canopy so...
DGN23 is offline   Reply With Quote
Old 08-27-2018, 05:49 PM   #9672
Rs has made me the woman i am today!
 
BIC_BAWS's Avatar
 
Join Date: Apr 2013
Location: revscene
Posts: 4,250
Thanked 4,804 Times in 1,625 Posts
Failed 165 Times in 63 Posts
Quote:
Originally Posted by DavidNguyen View Post
Isnt canopy in the states now too? Maybe Americans are buying them too. I dont know haha
Yes:

"Other Canadian marijuana stocks have also enjoyed big moves, but Canopy Growth, Cronos Group, and Tilray have stood above the pack. The most likely reason behind this is that they're the only Canadian marijuana stocks that are listed on U.S. exchanges"

Can't quote my own quote LOL

Sent from my Pixel XL using Tapatalk
__________________
|| 18 FK8 | R-18692 | Rallye Red | 6 MT ||
|| SOLD 97 E36 M3 Sedan | Arctic Silver | 5MT ||
|| RIP 02 E46 330ci | Schwartz Black II | 5MT | M-Tech II | Black Cube | Shadowline | Stoff Laser/Anthrazit ||
|| RIP 02 E46 M3 | Carbon Black | 6MT ||
BIC_BAWS is online now   Reply With Quote
Old 08-27-2018, 09:03 PM   #9673
Everyone wants a piece of R S...
 
Join Date: Oct 2005
Location: Vancouver
Posts: 384
Thanked 93 Times in 49 Posts
Failed 25 Times in 5 Posts
You guys have to understand between SP and how many shares are actually on the market for the specific company.
You can't say Canopy is at $60 so Aurora can be $60 as well if they do just as well as Canopy, look at keyword dilution and go look how many shares Aurora has compared to Canopy, you can figure out the rest.
I have both CAD(acb.to) and USD(ACBFF) for Aurora, so yes,Aurora is actually available in US/Canadian market.
are you guys investing in stocks like crypto without proper understanding? FOMO much?
lol, good luck to all still!
Jonydakiller is offline   Reply With Quote
Old 08-27-2018, 09:19 PM   #9674
Say! Say! Say!
 
Razor Ramon HG's Avatar
 
Join Date: Aug 2005
Location: Japan
Posts: 15,438
Thanked 3,336 Times in 1,465 Posts
Failed 240 Times in 64 Posts
^ aka. market cap
__________________
Quote:
Owner of Vansterdam's 420th thanks. OH YEAUHHH.
Quote:
Originally Posted by 89blkcivic View Post
Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL.
Razor Ramon HG is offline   Reply With Quote
This post thanked by:
Old 08-28-2018, 09:17 AM   #9675
Rs has made me the woman i am today!
 
BIC_BAWS's Avatar
 
Join Date: Apr 2013
Location: revscene
Posts: 4,250
Thanked 4,804 Times in 1,625 Posts
Failed 165 Times in 63 Posts
Annnnd we're down $5 rip.

Also TD is a scam. Bought at market 0.75 with 0 other orders to be filled. Gave it to me at 0.81 wtf.

Sent from my Pixel XL using Tapatalk
__________________
|| 18 FK8 | R-18692 | Rallye Red | 6 MT ||
|| SOLD 97 E36 M3 Sedan | Arctic Silver | 5MT ||
|| RIP 02 E46 330ci | Schwartz Black II | 5MT | M-Tech II | Black Cube | Shadowline | Stoff Laser/Anthrazit ||
|| RIP 02 E46 M3 | Carbon Black | 6MT ||
BIC_BAWS is online now   Reply With Quote
Reply


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 On
Pingbacks are On
Refbacks are Off



All times are GMT -8. The time now is 03:03 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
SEO by vBSEO ©2011, Crawlability, Inc.
Revscene.net cannot be held accountable for the actions of its members nor does the opinions of the members represent that of Revscene.net