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Fiery Market Crash Thread

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The Trading Houses always have an advantage over the day trader little guy. I experienced that in the 80's when I was doing some day trading and a particular stock in a chip company I had bought and was up considerably got cut in half "after hours". WTF? Nothing I could have done about that loss. Not a fortune but it still hurt. Mostly I did very well back then trading high tech and electronic stocks including AOL. I never owned "metals" but made some nice money on mining company through IAF . It's a $5 stock now.
 
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buckeyeintn said:
You guys want something guaranteed to go higher? Go with the cannabis stocks.
Click to expand...

Interesting, that. I have friends who are connected to that industry. Both cannabis and hemp... from production to extraction of essential oils. It’s a fascinating business. Without giving away too much because some of this business is in formative stage, suffice it to say, it does not operate like many of our well known markets. Nobody trusts anyone and as a result legitimate deals are very hard to broker and as a result a lot of product goes to waste as it’s highly susceptible to mold. Enter the guy I know in the extract end who has patents on technology that is able to take moldy product and still produce high quality extract — mind you, due to the intellectual property, is done at a fraction of the cost of current methods. He came to me looking for some capital. Solid business model but I didn’t kick in because he was unwilling to bootstrap his business. When I asked him about why not, he pointed at the traditional capital funding / banking which is basically very reluctant to play in this arena yet.

While I can understand that, it didn’t set well with me. Wall St. is pretty damn good at sniffing out opportunity, and without question, some of the shade they are involved in on a daily basis must make the legit cannabis / hemp industry players look like choir boys... yet they are still reluctant to engage. I may have missed a stupid easy early mover opportunity, but life has taught me a couple of lessons about investing for returns. First, in real estate, follow the gays (as instructed by a gay friend, NTTIAWWT) and second, don’t bet against Wall St.
 
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