This is my latest weedstocks portfolio, currently sitting with $
40,000 64,000 105,000 155,000 197,000 217,000 259,000 400,000 in profits.
At one point in time I had only 30K invested worth 100k. This was around November 2016. I’ve added a lot of capital while the stocks have come back down.
September to November I gained about 100,000 and wrote a post about how that was possible.
I tweet some buys and sells at Savestacks
Added $4,000 worth of Doja since my last update. Portfolio up $8,000.
Bought 5000 shares of MJN Sept 12. at 2.29 stock now at 2.63
Bought 3000 shares of WMD on Sept 15 at .70 stock now sits at .82 at 17% increase. I had previously bought at .84 so averaged down. This is why my gain shows as 9%.
Some of my recent purchases have gone down in price. An example would be Supreme (FIRE) I kept buying around $1.70 waiting for the license. After they got their license the stock dropped like a rock. Again I didn’t panic sell, instead I bought about 5500 shares at $1.05
Cronos Group (MJN) is another example, I had a lot of gains and kept buying the stock around $2.68. MJN started dropping so I bought some at $2.30. The stock continued to drop down to 1.70. I should have bought more but didn’t have any cash on hand.
I know try to always have some cash on hand for market drops, right
now I’ve got about 12k waiting for an opportunity. Spent most of this on MJN and WMD buys. Put an extra $1000 into my account along with some dividends coming in, now have 1600 left to play with.
MGW is worst performing stock % wise. I bought this stock before the US election hoping that the US would head towards fully legalizing. MGW also is applying for a Canadian license. Bought MGW around .77, it has been as low as .34. At this point I’m just holding the bag, hoping they get their Canadian license.
I’ve got a few high risk gamble stocks, these would be LG and MMJ. Both of these companies are at the initial stages.
MMJ is based in Quebec, which is part of the reason I bought it as Quebec doesn’t have that many producers. MMJ is still building their facility and applying for a license.
LG is an international company, they recently purchase a 60% stake in House of Hemp based in South Africa. There is an existing 400k square foot green house ready to go.
Haven’t been making any trades lately, moving my accounts over to Questrade.
Weedstocks have been holding steady, huge gains and limited pull backs. Aurora is in the news tonight making a bid for CMED which I do not own. I’ve been back and forth between selling some off and just holding.
I’m going to continue holding, selling some now would mean I’m basically shorting the stock, banking on it going down. Over the long run, these stocks are going to continue growing. I don’t want to try to time the market, selling at peaks and buying back in. Never know what the peak is. Just like this news coming from Aurora ACB.T, who knows what the stock will do tomorrow. If I had sold today and it doubled the next day, wouldn’t be happy.
The pull back finally happened. Portfolio dropped about 30k on the first pull back then bounced back up. Starting to get used to 30k +/- swings in the portfolio. Hopefully it levels off at this level for a while.
Bought some TBP at $ .88 and some FAT, which is not a marijuana stock but looks like a promising minerals stock. Added about $2300 worth of capital.
After a few crazy trading days, my portfolio shot up 125k in 3 days. I ended up selling some ACB at 8.85, wasn’t that good of a move as I basically sold during the dip. In the morning of the 29th I was up 50k, then a short correction happened and was down 25k. Sold ACB thinking I could buy back in a lower price, didn’t work out as the stock rebounded and went back up to 9.60.
Past performance, ups and downs.
Here is the most recent 3 months. Not many sell offs happening lately. Will happen eventually but I could have sold many times expecting a pull back and it never would have come. Glad I’ve been holding long!
I won’t be updating the below very often. Just sharing it to show dollar cost averaging.