Cannabis Stocks - Watchlist

BuggedOut

BuggedOut

Well-Known Member
Silver Stacker
The action in cannabis stocks over the last week or so has been nothing short of spectacular. Looks to me like it might be the new mania sector and for others like me who like popcorn and are fascinated by wild market behavior, I've tried to put together a bit of a watch list for this emerging "Medical Marijuana Sector"

So far I have got :-

AC8
MMJ
MXC
ZLD
CPH
QBL
SCU

Any others that people know about?
 
willrocks said:
It's all smoke an mirrors.
Click to expand...

Indeed. But smoke and mirrors is still fascinating, no?

My favorite in this batch is QBL. Queensland Bauxite mining company....jumping on the new sector bandwagon early. Though SCU and their 5000% share price increase in 1 day was also pretty awesome. Based on....ummm....some kind of announcement.
 
This was the guts of the SCU announcement :-

SCU appoints Nevil Schoenmakers as Strategic Advisor to pursue opportunities in
Medicinal Cannabis sector

* Leading Medicinal Cannabis industry expert Mr. Nevil Schoenmakers appointed as a Strategic
Advisor

* Stemcell United Ltd to pursue investment opportunities Medicinal Cannabis to complement its
existing and continuing Traditional Medicine operations

* Global Medicinal Cannabis market projected to reach USD $55.8 billion by 2025

* Strong synergies anticipated with existing business, including the ability to leverage existing
investments and expertise in plant extract technology as part of the new venture
Click to expand...

Enough to kick off a 5000% increase in share price? Yehhhh....nahhh...
 
Do you see any LT investment on this, Mr Bugged? Or 1-2yrs terms?
Considering cannabis industry is huge in Billions $ plus with aust goverment support and other country to legalise it (canada).
 
Lunardragon said:
Do you see any LT investment on this, Mr Bugged? Or 1-2yrs terms?
Considering cannabis industry is huge in Billions $ plus with aust goverment support and other country to legalise it (canada).
Click to expand...

Yeh, I kinda do but I'm not able to pick a winner if that's what you're asking.

This kind of thing is going to be dependent on licensing, government and medical approvals, legislative change....there is a lot of scope for insiders to make a killing and I am sure there will be big winners and big losers. I'll do more research into it and maybe I'll get more confident once the sector matures a bit and some of the early hurdles have been cleared but for now it's just watch and learn and maybe trade a little bit on technical analysis and sentiment.

Good luck to anyone having a dabble in this space. You're going to need some! :lol:
 
I took a nibble of SCU today at 0.17 just as a gamble after 85% retracement.

I also noted that AC8 has a formal Liberal MP on the board and considering the hurdles in this sector I reckon that'll be a competitive advantage ;)
 
Well done Bugged.

I dipped in MXC today.

Not sure in short term if the SP will go to CR price.

I like SI support to the company and $10m in the bank.
 
A new one for the list today ZYB.

I am stunned and amazed at how these companies are operating. Some vague announcement relating to cannabis is all it's taking to attract the mania. It looks like blatant insider trading and SP manipulation to me. ZYB is a tech company developing some cr@ppy phone app, but they share a board member with MMJ who is an early mover in the cannabis space, so the announcement of them looking into opportunities of the cannabis sector is all it takes to spark a rally.

It will be interesting to see if it takes off like SCU and QBL did on similarly light substance. I'm tempted to put my SCU trading profits on it tomorrow but will probably just watch in continued amazement. Surely this cynical tapping of cannabis market hype is going to run out of puff soon?
 
Although there are some legitimate start ups in amongst them that are vying for first to market advantage.

This will provide plenty of opportunity for the smart investor, the problem is sorting the rubbish from the reality.
 
Add Captial Mining (CMY) to the list of new cannabis interests with its recent announcement.
 
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