Buy when everyone is fearful

JungleStrikeGuy

Well-Known Member
Afraid of what exactly ??
Afraid that the bottom is going to fall out of the industry, the LP's are aggressively expanding capacity, and if legalization is dragged out (it will be), they will have tons of surplus product (or equipment they've sunk capital into not producing revenue).

So yeah, now would be the time to buy if you're into that sort of thing.
 

HerbalRelief

Well-Known Member
I know some people who are planning on buying LP stocks soon since they will be/are tanking. I guess it's that old Buffet adage, buy when people are fearful. These people think the stocks will be worth a lot more in 2019. I'm not buying any though. Too risky. Also some of them are shorting them now into the summer. Even more risky. Maybe just stay away from anything LP all together!
 

The Hippy

Well-Known Member
If I could make a ton of money I wouldn't buy LP stock......stupid maybe.......but principles are worth something. I just can't support what Lp's stand for at this point.
and now look at the goon squad running around canada to force folks to buy legal schwagg...not me.....just can't suck LP cock.
 

Gquebed

Well-Known Member
Some LPs will survive because they are well capitalized to make it through the long haul. Some LPs wont because they are not.

So yeah...buy when people are fearful. Just be sure to pick the right ones. Thats not so easy.
 

TheRealDman

Well-Known Member
I know some people who are planning on buying LP stocks soon since they will be/are tanking. I guess it's that old Buffet adage, buy when people are fearful. These people think the stocks will be worth a lot more in 2019. I'm not buying any though. Too risky. Also some of them are shorting them now into the summer. Even more risky. Maybe just stay away from anything LP all together!
Please don't help them (and yourself) make money off sick peeps. Way better options in the market, that don't rely on the sick/dying. Buy some FANG and hold it. My FB stock is up almost 400% since their IPO in 2012.
 
Top