Say someone recently purchased a lot of weed (1000 units at around $17K)and now with the price dropping back down to settle at approx $9K per item, what would you recommend them do:
Excess Weed
Started by Maladin [2262201] on in Questions & Answers.
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- Hopslam [795412]
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price won't jump back up again like that until another 4:20 or other major draw to cannabis, or unless someone else or some group again tries to manipulate their prices on the market easy route would be sell at a …
price won't jump back up again like that until another 4:20 or other major draw to cannabis, or unless someone else or some group again tries to manipulate their prices on the market
easy route would be sell at a loss and move on
also wouldn't be terrible to just use them, and try for the OD merit, some have taken many 1000s before OD
me personally, really don't like taking losses on anything, so almost always avoid. Would most likely hold it, buy up the cheap ones over time from Canada and any super cheap from market, and gradually over time bring the average buy price down on the entire stock, and then eventually get to a point where you can sell some at above cost, and ultimately all of it, without taking a loss.... but yeah, that's all a lot of effort, tracking, and ultimately probably not worth it. Nevertheless, that's what I usually do when buying up an item that has a price drop before being able to sell off the investment.
easy route would be sell at a loss and move on
also wouldn't be terrible to just use them, and try for the OD merit, some have taken many 1000s before OD
me personally, really don't like taking losses on anything, so almost always avoid. Would most likely hold it, buy up the cheap ones over time from Canada and any super cheap from market, and gradually over time bring the average buy price down on the entire stock, and then eventually get to a point where you can sell some at above cost, and ultimately all of it, without taking a loss.... but yeah, that's all a lot of effort, tracking, and ultimately probably not worth it. Nevertheless, that's what I usually do when buying up an item that has a price drop before being able to sell off the investment.
That would be an $8m loss. You just started flying so that seems like a lot now, but it won't soon.
Wait until you feel good about the choice you make. Doing whatever gets the most votes in a forum post is probably not going to do that.
Wait until you feel good about the choice you make. Doing whatever gets the most votes in a forum post is probably not going to do that.
I would hold onto them till the next 4/20
Me personally I'd use the weed as a trading gimmick to entice new players to work with me.
Get them to use their 100 daily buys to get stuff you want and then sell it on your bazaar.. For instance, for every 100 botttles of beer bought at Bobs get a free joint. Of course you'd offer a lower than market price for the beer in order to make a profit. That's something you'd need to work on but it might ultimately get you your money back, or even a profit.
Why not start a trading plan right now?
Get them to use their 100 daily buys to get stuff you want and then sell it on your bazaar.. For instance, for every 100 botttles of beer bought at Bobs get a free joint. Of course you'd offer a lower than market price for the beer in order to make a profit. That's something you'd need to work on but it might ultimately get you your money back, or even a profit.
Why not start a trading plan right now?
![[image: media1.tenor.com]](https://media1.tenor.com/images/51b1cb357adb12179c870b0d96f87b3e/tenor.gif?itemid=4093648){kind=link}
You bought when prices were at a peak for an annual event. Prices are unlikely to go back to that level until the next April 20 event.
Someone bought all 220-ish of mine around April 18 for $27,500 each. Not sure why they did it, but I'm very glad they did.
You could always keep them for personal use, if you get lucky you'll overdose in under 1k. The price isn't likely to rise that high again and you haven't spent all that much :)
Thanks for the idea. I like that.
If u are lazy, just smoke it.