Marijuana dispenser machine company's stock gets really, really high, man

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35 Responses to “Marijuana dispenser machine company's stock gets really, really high, man”

  1. . says:

    Now, a true American Corporate Executive Of The 1% would  ease the situation by issuing more shares…  Supply and demand, right?

    • EH says:

      Or hey, someone else can start up a competing company.

    • BillStewart2012 says:

      At that price, if it’s not a very narrow trading anomaly, he could issue more shares and give everybody a $4 dividend, so the original stockholders would have doubled their money. 

      • Sean Darcy says:

        That is called a ponzi scheme

      • JoeMarfice says:

         Doesn’t take much investigation to see it was indeed a very narrow trading situation. About 6 separate buys, less than 1000 shares each, drove up the price. It began dropping the same day.

        However, the original stockholders are still set up for a 400% profit at the close of the next day’s business, so they aren’t hurting for that 100% dividend.

  2. SofaKing says:

    and yet Hostess is going out of business…

  3. That_Anonymous_Coward says:

    * not pictured… snack machine addon preloaded with funions :)

    Its an interesting idea, until the Feds roll in and take it into custody where it will have a little accident…

  4. acerplatanoides says:

    215 a share? That’s a bargain. preferred shares are like $300 around here

  5. Brainspore says:

    “prompting executives to try and dampen investor enthusiasm.”

    Total buzzkill. Not cool.

  6. pupdog says:

    Thanks Google Ads, that Puffit Vaporizer ad you put after the story was perfect

  7. Finally! A vending machine worth the trouble of tipping upside-down and shaking!

  8. 10xor01 says:

    Might make a nice short.  Just because marijuana will be legal in some places, doesn’t mean that selling it in vending machines will be.

  9. Glippiglop says:

    Massive trade spikes aren’t uncommon when a thinly traded stock is exposed to excess publicity, but 3000% is insane.  Whoever was buying in at those prices will no doubt be learning a big lesson in trading come next week… after they’ve come down from their high of course.

    • jandrese says:

      It’s crashing today, already back down to 100 and falling fast.  I wouldn’t be surprised if a lot of the activity was just speculators driving up the price for a quick buck from whatever suckers bought it at 200.  So much of Wall Street these days seems to be people trying to make a quick buck off of other people trying to make a quick buck.

  10. OldBrownSquirrel says:

    Split the stock into dime bags.

  11. carlogesualdodivenosa says:

    That dispensing machine? Totally chilled.

  12. Weedbay Guy says:

    It’s trading at $20 a share and they are lucky to get that.

  13. zbeast says:

    $200.00 a share.. for a vending machine company? Really…
    This is not the first machine of this type.  I think that people are just over excited because of the
    cracks in the dam of pot legislation.  But that in no way make a company like this worth $200 a share..
    I best they have sold less than $10k of these machines.. 

  14. johng says:

    In case of emergency break glass…

  15. John Maple says:

    The title of this thread, alone, is worth the price of admission.  ^_^

  16. mariancisar says:

    Buy low, Sell uh… high.

  17. That’s a pretty good thing. Notice how the Wall St guys get what they want from the government? Well, let’s make it so that they want legal marijuana, and watch the laws change faster than you can say “dude, pass me the joint.”

  18. yeah they jumped for literally a day. at close today they were back down to 20 a share, a little more then 90% loss. this was some sort of fluke

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