/biz/ - Business & Finance

Was looking at more CMPS, MDMA, NUMI, DMT, MSET.

>>54743638
>LSDI

Did not know about this one. Thanks for dropping it.

>>54743707
Yes DMT and MSET on my watchlist, i'll add CMPS thanks

I also think the best players are not on the market yet

>>54743638
>Psychedelics stocks
*Breathes in deeply*

HAHAHAHAHAHAHAAHAAHAHAHAAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAAHAHAHAH
>DO WEEED STOCKS NEXT AHHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHAHHAHAHAAHHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAAHHAHAHAHAAHAHAHAHAHAHAHHAAHHAAHHAHAHAHAHAHAHAHAHAHAHAAHHAHAAAHAHH

>>54743638
We have a small group of TRUFF holders on telegram where we share news and insights, feel free to join biz bros

t dot me/TruffBiz

>>54743756
I really like this one.
Low float, low marketcap, aiming at institutions
Also nice chart, just wating for that buy signal.

>>54743839
thanks fren

i dont want truff but i will check out the rest of these

Mindmed works with ketamine
seelos did too but they are on delisting

>>54743956
MNMD already rugged. dont fade TRUFF

>>54743821
>missing out on low marketcap degenerate stocks

Throw $500-1,000 in a few and have fun

>>54743977
i dont like either that was just my shit contribution

>>54743981
That's the spirit.
But I believe in the product and what it can do to help. Been using myself 1-2 times a year with psilocybin or LSD. It works well for me.
MDMA for couple therapy is incredible. It is akin to a truth elixir.
I don't know about ketamine or DMT but i'm open to try in a safe environment.

>>54744103
I believe in that degenerate and nostalgia markets are going to continue to explode or hold high value, clown world is in full swing for the remainder of my lifetime, probably much longer. Good if the product helps those with mental illness or issues, that’s very prominent nowadays.

>>54744314
Very fair point

>>54744314
weimar stocks like the hard drug market are going to explode as the system collapses

BRO DRUGS HAHA ME POSTING ABOUT RAILING LSD AFTER BTC PUMPS EVERY FUCKING TIME IS JUST A COINCIDENCE

>>54743821
NGMI

https://www.washingtonpost.com/business/2023/04/22/sam-altman-psychedelics-mental-health/

>>54744477
Every. Fucking. Time.

>>54744103
Try some mescaline, friend. Its like a mix between lsd and mdma but very chill.
But nothing beats acid.

I hold ATAI. I do this because it is probably the 'safest' psychedelic stock (still not safe at all). ATAI has a wide pipeline of molecules they are developing. They also own nearly 25% of Compass Pathways, which will likely be the first psychedelic company to get a product to market. So basically by owning ATAI I hold two of the best stocks in the sector.

>>54744477
>https://www.washingtonpost.com/business/2023/04/22/sam-altman-psychedelics-mental-health/

Sam Altman using ChatGTP to make its users take psychedelics is bullish.

UNIVERSAL
IBOGAINE

>>54744534
Yes I agree. LSD is the best. I'll try mescaline if I get the opportunity.

>>54744524
>>54744574
You see it now ?

>>54744576
>UNIVERSAL
>IBOGAINE

Yup.

What's driving this? None of the supply and production deals seem out of the ordinary.

https://ca.finance.yahoo.com/quote/MDMA.CN/

>>54745870
I think MDMA is pure speculation. It is just the first to really pop out. Like with LINK in 2019, it is pre bullrun. Lot of people used their LINK profits to buy SOL, AVAX in the Defi summer of 2020.

Which company is manufacturing the psilocybin yeast? Cuz that’s going to fuck over every shroom stock lmao

>>54745967
>I think MDMA is pure speculation. It is just the first to really pop out. Like with LINK in 2019, it is pre bullrun. Lot of people used their LINK profits to buy SOL, AVAX in the Defi summer of 2020

Hmm thanks. So how long between the pre-bullrun indicator and the general bullrun you think? A year or so?

>>54746041

>>54746041
Yes about a year. but I expect I small run this summer before consolidating until Q3 2024.
I'm accumulating since 2022. Slowly DCAing.

I'm still seething that I couldn't buy MDMA when it was only 7c because I wasn't a leaf.

>>54746299
Bought at 0,085 but I sold today
Don't miss LSDI bro

>>54743638
I just grow my own mushrooms

>>54746710
LSDI has actually been on my list since it's IPO day. I have been holding off on buying biotech and other lowcaps longterm until after the big crash happens.

Even though MDMA is speculative do you think it still has legs to go to $1 this year?

>>54746882
Everything is possible when speculative. Even if this run is not done, I would not be comfortable buying here after a x20 from the bottom. Price discovery is a thing but you need to be careful when buying ATH

>>54747010
Yeah I learned that the hard way in the past. I got burned a lot by not buying, too.

>>54747178
missing profit is not the same as loosing money tho

>>54747474
Dunno about that. Missing out on five to seven figures because I was waiting to enter lower feels worse than losing $8k.

>>54747586
I feel you but the more you monitor the market the more you gonna feel that you miss everything. You have endless opportunity but only limited cash on hand. That's why I'm now alergic to FOMO after a pump.

>>54744475
>railing lsd
Weak bait, you went too retarded

>>54746131
>I'm accumulating since 2022. Slowly DCAing.

Yeah same. Thx.

>>54744314
I keep thinking that the more new shit that comes out will make the old shit get bigger, or just the opposite, I mean things like CHEQD seem fucking comfortable, but I'm doubtful if the old will prevail or the new will win out

TRUFF looks really bullish. Pump this summer.

>>54749194
Yes the whole psychedelic market usually pump in the summer. I don't have the source at hand but it make sense to think that summer is the "triping" season. With all that psychedelic media coverage lately, a lot of "revelations" will appear in the mind of the users about these products.

So yea a small run this summer but no ATH with a chance to retest lows next winter.
TRUFF is a $5 stock in 2025.

>>54743821
lol, even if I agree with >>54743981
that is exactly what I did to weed stocks and I never seen stocks fall so quick
Not so fun to put 500-1000$ when it suddenly becomes 5$

>>54749421
Did you buy weed stocks after they already pumped?

buy weed and psilocybin stocks

>>54743638
any ETF on this? kek

>>54749459
I lost around 1000$ so yes I guess, I still have not sold them.
If you are gonna imply psychedelics have not been pumped yet, then I guess you are right. But when I check the companies posted here and I see -10000% on growth, I get a little worried that these won't pump either.

>>54743638
don't invest in penny stocks you retards, they're all rugpulls
if you are interested or passionate about the growing psychedelics industry there are so many other ways to get involved that aren't so involved with risk, but will take more time and effort and personal integrity than just pressing a few buttons
for example, look into whatever organizations groups or businesses are working in the industry in your state/region and reach out, start attending events, meetings and keeping up with their social media and find out how you can plug in. you'll probably make some cool friends out of it as well, i know i did

>>54749421
>He bought in 2021
NGMI
Weed stocks are not that bad at those price tho. I'm looking at HITI here.
Bud the narrative is changing. It was "wait until Biden Legalize at the federal level. But chances are that weed legalization will be embeded in a broader drugs legalization bill that include a lot of substances. As for weed, only the best will run next bullrun. The market want something that has not an army of bagholders ready to dump.

>>54749481
I only know PSYK in Canada surely their is others
>>54749615
I'm doing all of that at my level. You can also profit on a obvious bubble. Shit's risky but so is crypto, meme stocks or whatever shit is on the news these days.

Put your money where your mouth is.

>>54749627
Truth is that stoners are retards when it comes to finance

>>54749685
How about legal coke ?

https://www.msn.com/en-us/health/medical/lucy-scientific-asking-health-canada-for-ok-to-manufacture-cocaine-heroin-for-harm-reduction/ar-AA17zQgn?li=BBnba9O

>>54749869
Hmm, well it built Miami and South America after all so how bad can it be right?

>>54750012
Right ?

>>54749578
I'm personally not touching psychedelic stocks long term that are running on limited cash like MNMD or CMPS, or NUMI yet which will likely dilute before the industry takes off. But the other ones OP mentioned seem safe and are ones I already planned on jumping on. The real trick is figuring out when a market crash will happen and when legalization actually happens, and then planning your entry around that.

>>54749481

PSIL

>>54749615

Are you a cop?

>>54749578
Do you even know about startup J curves ?
Look at Coinbase, doesn't look good either but we all know how massif that J curve will be.
Look at MDMA drawing that J right now.

>>54750207
aim at low marketcap with good managment.
LSDI is my favorite.

>>54750541
>coinbase
>doesn't look good
Agreed
>we all know how massive that J curve will be
Not really
>look at MDMA drawing that J now
I see it, might turn into a big L also.
Then again, it's cheap so not a big loss to take unless you go all in

>>54743821
>>54743981, >>54744477, >>54749421
No you misunderstand I am laughing off losses from investing with hopes and dreams instead of solid DD.

It just seems like they all get pushed to penny-land or sell shares into worthlessness.

The cocaine stock sure took off, how is it right now?

>>54750843
>>54751119
I know where you are coming from with that reasoning but facts are that zoomers do not do DD and they will drive the psychedelic adoption.
>>54751130
Which one exactly ?

>>54749325
What do you think will be the top of the TRUFF pump this summer and when do you think would be the right time to buy back in again before the 2024-2025 pump?

What about ketamine? I know it's not psychedelic but Australia is moving towards Special K for therapy

Just stumbled upon PSYB on the TSX-V.

anyone have advice on what to look for in micro cap companies? Obviously the majority fail so I'm looking for criteria that can help me find the winners

>>54751488
can't see TRUFF over $0,20 this summer. Anything over is a short opportunity.
Buy back again around $0.10-$0.125
Remember that is speculations and macro factor can change at anytime (AKA the fucking FED)

>>54752312
Ketamine is still unknown to me apart from documentaries. I will research more on that in the coming month

>>54749615
Tell me more
What do you work with? Shrooms? DMT? I think I want to start a mushroom spore business

>>54743638
unironically, how can I invest in cocaine without doing anything illegal?

>>54752630
>can't see TRUFF over $0,20 this summer.
That’s a far cry from the $2-$5 range commonly cited in the initial TRUFF threads. Do you really think the mistercaps release, wiz and mia khalifa, ccrest licensing, australia news, etc will do nothing to at least bring it to $1 this summer? That’d be disappointing. On another note, what do you speculate the ultimate peak of TRUFF will be?

>>54743638
I was the one who made this meme better by putting the mushroom cap on apu

>>54743956
What's your beef with TRUFF?

>>54752743
This is what I think
$1 this summer is possible. Any mania can happen. I'm talking conservatively with a TA edge.
Macro economic conditions are nothing like 2017 or 2021. We are still in a heavy bear market with lot of uncertainty.

>>54752743
>>54753118
Don't forget 38m warrants with exercise priceat at 0,38$cad(around $0,27usd) expiring July 2024
https://thecse.com/en/listings/life-sciences/red-light-holland-corp-28jul2024-warrants

>>54752770
Thank you very much for you art. I'm shroomjack enjoyer myself

>>54753118
>>54753178
Idk $0.2 still seems way too overly conservative to me. Despite market uncertainty MDMA has still done a 10x over the last 3 months and that's a pretty significant happening despite its low mcap. BTC has almost doubled since the FTX happening. Everything has been going way up since November and while there might be a slowdown, some bear relief or crabbing, all this just goes to show that speculatory money is still heavily active in the market and is starting to dip its hands into the psychedelic sector starting with MDMA being the "pre bullrun pump" you mentioned earlier ITT.

If TRIP breaks August highs then I see it making a run towards $0.40 at the minimum and possibly towards $1 range.

>>54743638
bump. wake up op you lazy bastard.

>>54749481
>>54749682
Got fucked hard on psyk lol
bag holding and down ~55%
Yes I already tried averaging down
It's a lottery ticket for me

>>54752743
>wiz

Sorry but that wont budge it at all. He has been promoting it already ... and nothing.

>>54753118
>We are still in a heavy bear market with lot of uncertainty.

This. You can't abstract some patterns from the past and lay it over these current conditions. Not the same.

>>54754932
Holy fuck I thought that was Dave Chappelle with a wig, Wiz is not young anymore.
Living old, senile and free

>>54754932
Its just one random teaser tweet that doesn't even talk about the brand in a direct way. Some random normie scrolling would think that this was just niggerspeak for "getting high" or something. The actual promotion probably starts in the summer before mistercaps release.

>>54755065

Looks like Toddy Tickles has brought a porn actress onboard. The stock is guaranteed to moon now!

https://www.newsfilecorp.com/release/163645/Red-Light-Holland-Engages-World-Famous-Media-Personality-Mia-Khalifa-as-Advisor-to-help-with-Social-Media-Guidance-and-Exposure-and-to-Develop-a-FemaleFocused-Mushroom-Brand

>>54755468
>>54755492
She has like 30M instagram followers or some shit so its not a nothingburger. Wiz has like 50M I think for comparison. Tbh I'm wondering when they'll start their shill campaign already, summer is almost here.

>>54747586
If you're being genuine in saying that, you need to realize that there are 100,000% gains every single day, every hour someone makes a fortune, and someone else loses one. You're always 'missing out' on the massive gains, you're standing in front of a waterfall with a bucket, and lamenting that you cannot capture the entire flow, just grab what you can relative to your capital.

>>54753178
Is this good or bad?

>>54749615
just tell me what to buy anon

>>54753493
>>54757792
Why would people buy higher than the exercise price of those warrants ? Wouldn't be better to just load up under that price (0,27usd) until they expire so you are not being dumped on. There are also quite a lot on bagholder with a large float. I might even expect a reverse split to enter big exchanges.

>>54754669
Give me a break. I work and have a family my dude.

>>54756541
This, try your best to just avoid losses and not focus so much on massive wins you missed out on. Changing my mentality in this direction and I’ve been green overall in my investments when I was in the red for a year.