Stock Market - Electronic Cigarettes
I have bought and sold stock involving all the companies I know of that sells e-cig. stuff - SFIO, RUYNF (now DGTLF), MMUH, VPCO, and HPNN. I still own some stock in each of these companies.
Granted, I have not purchased much of these stocks because of their wild behaviors, and I would not recommend sinking a bunch of money in these - only money you are willing to lose.
My question is, when are some of these companies going to become big? Hasn't the e-cig. market expanded to the point now where somebody should be raking in some hefty sales figures and lucrative profit?
The stocks are as of now, pump and dump stocks, where new news will come out and everyone will jump on board, and then jump off quick to make a buck. But surely at some point there should be a company with big figures. With all the sales, why is there not a company right now going public and advertising the amount of sales potential these products bring?
Will this ever happen?
P.S. - SFIO is up BIG today and has had a huge week!
Last edited by danielwd; 10-20-2010 at 03:31 PM.
Sure, it might and will happen.. First, here especially, the FDA has to approve the sale of e-cigs to the public with out making them a drug device. As for the other Countries, they too will have to approve them and you will see one if not more come out and post a lot of news on the e-cigs.. Just, now the way things are going and the crap that is happening in the world with the e-cigs, it won't happen until the Countries make them legal..
ya made me look, daniel.
gotta say, tho...
i trade for a living and would not *touch* any of those companies you mention.
they are all micro penny stocks... highly illiquid and not traded on regular exchanges.
and while can appreciate your idea of investing in this new technology in its infancy, am with stubear... we need to see how the legalities of it all iron out before tossing hard earned cash at keno tickets.
would be it worth just to do a tiny amount, say $300 combined, spread out among them all in the hopes one will be the next microsoft?
I would say with some heart "yes", but I am biased after all.
Originally Posted by mr quackums
I would also be very quick to mention to only invest what you are willing to lose, and count on losing it.
My investments are very, very conservative because I do not know how or aim to make a living on stock trading. But after seeing the potential of this product, I just couldn't help myself.
I have actually made some money off these stocks, especially when they shot way up in the spring after that court case. I sold enough shares to get out what I put in, then the stocks took a dive after that.
SFIO is the play. Get your cheap shares while you can!
THREE? INVESTMENT THREADS? Wow.
And three people do it, three, can you imagine, three people walking in singin' a bar of Alice's Restaurant and walking out. They may think it's an organization.
any more, and they'll think it's a movement...
Originally Posted by FreakyStylie
But seriously, folks...
I like Cramer as much as the next guy and I'm free to trade whatever I want in my 401k and retirement account, but all of the good hits I've had were all OVER a dollar when I bought them, everything else is still sitting there except Sirius, which had originally been much higher. If you want an investment, buy stocks in regulated utilities and reinvest the dividends. If you want an e-cig investment, come up with your own novel distribution method and hit up your friends, neighbors, family and cow-orkers for investment capital. I might even pitch in.
Wait, I think I've got it! I'm going to get an old Worksman trade bicycle and pedal around Manhattan stopping everywhere i see people smoking outside! Let's see... $600 for the bike, $25K for starting inventory, $2K for fliers and cards, $2K for a web site, call it $30k even. That would be one hundred ECF members with that $300 to invest. Who's in??? I can get a hat and one of those change things the Good Humor guy had, maybe a little belll... No, wait, it's a bicycle, it already has a bell.
note: this is light hearted but actually dead serious, and I am not dsiparaging anyone or the idea of investing in e-cigs.
Which co is blu? They had publicity recently with e-cigs given out by an airline and I saw on some thread that someone said they were waiting because of a back order.
2 cents high? Under a penny now? After they announced they'll be selling pot cartridges? Oh, please, give me an effing break.