whateverpedia

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Everything posted by whateverpedia

  1. The new "green" boom

    By "green" I'm not referring to alt-energy sources (wind, solar, geo-thermal, etc.), I mean cannabis stocks. With medical marijuana becoming more and more accepted, and more and more jurisdictions legalising it for recreational use, the potential for companies in this space seems yooooooge! On July 31 this year, I took a stake in 4 companies listed on the ASX that are involved in the development of cannabis related "technologies". These are (in alphabetical order),: AusCann (AC8.AX) - purchase price $0.425, closing price $0.505, return 18.82% Creso Pharma (CPH.AX) - purchase price $0.565, closing price $0.53, return 6.19% MMJ Phytotech (MMJ.AX) - purchase price $0.32, closing price $0.34, return 6.25% Zelda Therapeutics (ZLD.AX) - purchase price $0.07, closing price $0.078, return 11.43% NOTES: All prices quoted in AU$ (obviously); Purchase prices do not include brokerage fees; closing prices are at ASX close of trade on Friday, 15th of September. Returns in green represent gains, and those in red represent losses. DISCLAIMERS: Investing in stocks, whether they be "blue-chips" or "penny dreadfuls" carries an element of risk - the higher the potential reward, the higher the risk. The risk/reward factor in companies involved in (as yet) unproven technologies is probably the highest of all. As with all other investments, never put all of your eggs in one basket, and never invest more than you can safely afford to lose. The combined total exposure I have in the above mentioned companies represents less than 3% of my total portfolio. I can safely afford to lose all the money I have invested in these companies.
  2. The new "green" boom

    Check their donor base. You can guarantee that privatised, for profit prisons are on that list. Legalising it across the board will hit their revenue stream bigly.
  3. The new "green" boom

    Today the Australian Government announced it was going to relax laws that stopped companies exporting medical cannabis products. https://www.bloomberg.com/news/articles/2018-01-04/australian-pot-stocks-soar-after-government-relaxes-export-rules The market reacted by pushing all of the stocks in my "potfolio" higher. AC8 jumped 53.66%, CPH was up 20.6%, MMJ rose 11.58% and ZLD was up a "mere" 10%. Nice.
  4. I'm getting published, Baby!

    So, when do we get our free copies. Although it looks like it might be a bit too advanced for some of the people on here*. Hopefully it has lots of pictures and not too many words. * By "some of the people, I meant me of course.
  5. Traditionally investors have flocked to gold in times of unrest and uncertainty. Given the turmoil in the U.S., the middle and far East, one would normally expect to see the price of gold starting to climb. This isn't happening though. Gold hasn't gone anywhere, and investors seem to flocking to bitcoin and other cryptocurrencies instead. What say others? Has gold lost it's appeal? Are cryptos the "new gold"?
  6. This was inevitable

    I don't think it's being used by criminals for money laundering purposes, however I can see certain types of illegal transaction being facilitated by it. Remember a few years back when they shut down the Silk Road site. Most of the transactions were paid for with bitcoin (allegedly). I was reading earlier in the week how the ASX is looking into blockchain technology to speed up the purchase and sale of securities. I don't know what it's like in other parts of the world, but the ASX operates on a T+2 day turnaround. Although money comes out of my cash account to buy shares, and the shares appear in my account usually within minutes, depending on how actively traded the shares are, the actual confirmation and brokerage fees are done 2 days after the transaction. That also allows for time for the watchdog to investigate any irregularities. With blockchain this can be reduced to almost instantaneous. We'll see how it all pans out.
  7. This was inevitable

    This does not mean the end of bitcoin and other cryptocurrencies. It just means that the appeal of cryptos to criminal elements is being eroded, if not eliminated. Anyone who didn't see this coming was living in a fool's paradise. When (not if) these laws are enacted there may well be some volatility on the downside in the short term, however it will provide some stability in the long term. Irrespective of what happens to bitcoin or other cryptos, blockchain technology is here to stay. Industries as diverse as hotels, insurance, transport and logistics, medical research and others are investigating and investing in the technology. To paraphrase the Chinese proverb, "We live in interesting times".
  8. Oh my, my, little Caleb

    And exactly what opportunities do the people of sub-Saharan Africa have "thrown at them every day"? Another Tony Robbins who will probably make a fortune selling "How To.." seminars, books and videos to gullible people. Either that or he'll end up in jail. Or both.
  9. Anyone else notice the number of threads being started/resurrected at the other place about bitcoins/cryptocurrencies? PS In the coming days I'm going to write a post about why I like blockchain technology, but aren't that enamoured by bitcoins. One for you to look forward to.
  10. Blistering Fast Free Wi Fi.

    Gee, who'd have thought that when you decrease the number of devices trying to access a limited supply of bandwidth, the bandwidth would increase on a per-device basis. Genius.
  11. "This time it's different"

    DISCLAIMER: This does not necessarily reflect the opinions of the poster, but has been posted for the sake of general interest.
  12. A bold call

    Although bitcoin holders will hope he's right, I'm sure that deep down they also want to see it not rise to that level just to see him fulfil his promise. https://www.rt.com/viral/396791-mcafee-penis-bitcoin-price/ Warning: RT (Russia Today) is a renowned distributor of fake news, so take it for what it's worth.
  13. Search engine history

    (Not sure if this is the best forum for this particular thread, if it isn't then could one of the mods please move it to one more appropriate.) Found this on the interwebz this morning and found it interesting. It outlines the history of search engines from something called Archie (archive without the v), through to the space dominated by Google. From my own perspective, I first got online in the mid 90's when Alta Vista, Excite and Lycos were dominant, and Yahoo was an upstart, and there was one that focused purely on results from Australia and New Zealand called Anzwers (quite a clever name given what it did). After a time, i ended up using a utility called Web Ferret that actually crawled through the various search engines giving searchers the "best" results from all of them. I didn't become aware of Google until about the turn of the millennium/century, and have used nothing else since (like most of the rest of the world). Full article here: The History Of Search Engines. How about everyone else? What did you use back in the day? Something different, or did you follow the evolution of SE's and end up with Google like I did? Or did you get online when Google was already the dominant SE?
  14. The new "green" boom

    Exactly Shay. In fact there are many benefits to legalisation: - A huge hit to organised crime syndicates; - A reduction in police/government corruption; - Employment opportunities; - Tax revenue for the state and federal governments (income tax, sales tax, corporate tax, etc); - Tourism from other states, countries; etc., etc.. There are so many benefits, legalisation is, to me at least, a no-brainer.
  15. Changing main phone number

    I'm no expert in this field, in fact I'd be hard pressed to qualify as a novice, but I think that by updating the number on your online site(s), after the SE's index the new number that'll be the one that people call in the future. As for offline references, is it possible for you to have calls to the old number diverted automatically to the new one?
  16. The new "green" boom

    What do other investors think of the potential for stocks in the cannabis industry (medicinal or recreational)? Has anyone else taken a stake in stocks in this field? Opinions for or against are welcome.
  17. Search engine history

    In case anyone is wondering, the very first word I ever put into an SE was "Rush". I was looking for something on the Canadian hard/prog rock band. I was baffled as to why the results seemed to be evenly split between the band and something called a "Limbaugh". I had no idea what a "limbaugh" was, and I wish I still didn't, however we all have to lose our innocence eventually.
  18. Backlinksindexer Or Linklicious

    Isn't that what these services do?
  19. Eye Fatigue

    Congratulations on winning this week's Spot The Deliberate Mistake contest. Your prize is in the mail. As per the rules of the contest, the post has now been edited to reflect reality so no-one else can claim the prize.
  20. Eye Fatigue

    You're lucky. The eye doctor I saw (pun intended) wouldn't give me the OK to drive until I'd had both done and there were no complications with them. Perhaps it's dependent on how bad the cataracts were in the first place.
  21. Eye Fatigue

    No, I just had cataract removal (lens replacement) surgery. Same thing Kay is going through.
  22. Bond rates are up.

    Meh. Why bother when you can buy stocks with a better dividend yield than that and with potential for capital appreciation. In fact, the potential for capital appreciation is significantly enhanced while bond rates are below historic levels (as they still are). A half decent REIT or REIT ETF will pay a much better yield. The yield for the ASX as a whole is 4.1%. Why bother with bonds. The only advantage they have is security. I can't see this changing much in the forseeable future.
  23. http://www.smh.com.au/business/markets/magellans-hamish-douglass-says-uber-is-a-ponzi-scheme-20170523-gwb701.html http://www.smh.com.au/business/comment-and-analysis/the-death-of-uber-australian-investor-predicts-company-will-be-broke-in-10-years-20170524-gwc8gt.html