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

By: acerplatanoides

acerplatanoides — Tue, 20 Nov 2012 18:55:00 +0000

It’s not a fluke if someone was making money by manipulating the market. That would be another f word. Fraud.

By: Lorrie Federan-Skidmore

Lorrie Federan-Skidmore — Sun, 18 Nov 2012 14:56:00 +0000

That’s what it’s all about.

By: JoeMarfice

JoeMarfice — Sun, 18 Nov 2012 14:05:00 +0000

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.

By: Evan Thomas Lightcap

Evan Thomas Lightcap — Sun, 18 Nov 2012 04:04:00 +0000

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

By: B E Pratt

B E Pratt — Sun, 18 Nov 2012 00:25:00 +0000

Good synergy there, but my fav google ad went something like: “Glory holes? You can find them at Amazon.com!” Wish I had taken a screen grab.

By: Guillaume Filion

Guillaume Filion — Sat, 17 Nov 2012 14:56:00 +0000

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.”

By: Sean Darcy

Sean Darcy — Sat, 17 Nov 2012 07:52:00 +0000

That is called a ponzi scheme

By: mariancisar

mariancisar — Sat, 17 Nov 2012 05:57:00 +0000

Buy low, Sell uh… high.

By: John Maple

John Maple — Sat, 17 Nov 2012 04:39:00 +0000

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

By: BillStewart2012

BillStewart2012 — Sat, 17 Nov 2012 01:29:00 +0000

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.

By: Bob Webb

Bob Webb — Fri, 16 Nov 2012 23:55:00 +0000

My friend complained on Facebook about Hostess’s going out of business meaning that he can’t buy any more Twinkies. But surely the trademarks to that product could be auctioned off just like its other assets have probably been sold off?

By: johng

johng — Fri, 16 Nov 2012 21:53:00 +0000

In case of emergency break glass…

By: Weedbay Guy

Weedbay Guy — Fri, 16 Nov 2012 21:28:00 +0000

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

By: zbeast

zbeast — Fri, 16 Nov 2012 21:28:00 +0000

$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..

By: carlogesualdodivenosa

carlogesualdodivenosa — Fri, 16 Nov 2012 21:17:00 +0000

That dispensing machine? Totally chilled.

By: Brainspore

Brainspore — Fri, 16 Nov 2012 20:05:00 +0000

Like, how can something be legal AND illegal at the same time, man? Think about it, that’s some deep shit.

By: EH

EH — Fri, 16 Nov 2012 19:39:00 +0000

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

By: Matt Grimm

Matt Grimm — Fri, 16 Nov 2012 19:39:00 +0000

I see what you did there.

By: mappo

mappo — Fri, 16 Nov 2012 19:22:00 +0000

They aren’t trying to dampen enthusiasm. Rather, they just want to smooth the enthusiasm out by filtering it through a liquid.

By: acerplatanoides

acerplatanoides — Fri, 16 Nov 2012 19:20:00 +0000

I agree with your point. I’d like to amplify your conclusion. Almost ALL of Wall Street these days seems that way.

By: OldBrownSquirrel

OldBrownSquirrel — Fri, 16 Nov 2012 19:13:00 +0000

Split the stock into dime bags.

By: strangefriend

strangefriend — Fri, 16 Nov 2012 19:09:00 +0000

Jon Stewart reprimands media for marijuana jokes
http://www.thedailyshow.com/watch/thu-november-8-2012/post-democalyptic-world—marijuana-legalization?xrs=share_copy

By: jandrese

jandrese — Fri, 16 Nov 2012 18:55:00 +0000

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.

By: jandrese

jandrese — Fri, 16 Nov 2012 18:51:00 +0000

Brownie Bites would get a lot more interesting at least.

By: Glippiglop

Glippiglop — Fri, 16 Nov 2012 18:45:00 +0000

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.

By: 10xor01

10xor01 — Fri, 16 Nov 2012 18:41:00 +0000

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.

By: Owen Davis

Owen Davis — Fri, 16 Nov 2012 18:32:00 +0000

This company should just buy Hostess. That’s synergy!

By: LightningRose

LightningRose — Fri, 16 Nov 2012 18:23:00 +0000

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

By: pupdog

pupdog — Fri, 16 Nov 2012 17:52:00 +0000

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

By: Jeremy Sweeney

Jeremy Sweeney — Fri, 16 Nov 2012 17:43:00 +0000

THE STOCK IS TOO DAMN HIGH.