Still think TITNC3: Return of the Iceberg was peak

Anyone in solar will probably see some upside to it soon. I’m also debating about pot stocks. Something like 1/3 are legal now and likely we might see federal legalization. Anyone in the devils lettuce for investments? I’d consider it now, but mostly just on my monopoly account. I think oil will still go up, that’s a train that will keep on chugging. But, likely to see coal go down.

I still regret dollar general. In driving across the country everywhere I went I could get Burger King and dollar general. They’re sweeping the country and buying up a ton of real estate. I should buy into it but it’s just too expensive for my monopoly funds.

 

I jumped gun on pot stocks and made a large purchase around mid 2018. Theyve pretty much tanked since then and are just starting to kind of rebound. I went in with a long term mindset but obviously didnt think they would lose value like they did.

After covid and the shutdowns, around May I figured more states would look to legalization as a way to shore up lost revenues and figured the fed gov would likely lax their position as well so I bought quite a few Jan15 2020 calls. Sold a bunch of them recently with all the excitement...

 

Sold. I’ll be researching more today and tomorrow and buying some soon. I have like 100 bucks to play with so it won’t be a significant investment either way.

 

What would make you think coal will go down?

 

I think coal is going to go down because solar and wind will go up. Maybe geothermal.

 

I guess if you think it’s going to magically get windier and sunnier, then sure. Don’t think those industries will just magically grow. Unless you know something I don’t. I’m invested in oil mostly, I like dinosaur juice to produce my energy

 

I guess I was thinking more short term, it’s clearly been getting less use over the years, and will eventually be out of use completely. But will be slowly fazed out over time, not the next few years, right?

 

STZ has a stake in Canopy Growth, who has an agreement to buy Acreage Holdings once US Fed gov legalizes. Acreage board of directors has alot of people with connections on it.

GW Pharma makes non-recreational products and has something on the market for epileptic patients.

These are my main plays in the field of wacky tobacky right now. Maybe this will help with a starting point for some research

 

Thanks! I’m going to focus on the fact that I think within the next few years we’ll see recreational have an up tick. Pharma is great but that’s not going to take off when it gets legalized. If anything it would go down.

 

geothermal is reliable. But yeah solar and wind, you’d need to have battery banks in every house, basically. On the good days you can over charge and run your stuff. In the bad days you take from the batteries. Problem is, batteries at the moment are heavy and expensive and bulky.

 

Thanks for the input.

I'm a laymen when it comes to energy grids. In the US grid do we have any capacity to store energy or do plants spool up output on demand?

 

good point I forgot to bring that up, solar works nearly everywhere at least. Wind is usually passable everywhere. Geothermal might not be an option for some, most. And it might not make sense. One of the biggest draws for half the season up north is keeping your house warm. We’re thinking of moving to Texas. The huge draw will be keeping the house cool. I’m sure there’s a way with geothermal to do that, but it’s a lot easier to use heat to make heat.

 

OK. So maybe a long term play on the transition from fossil to renewable would be in the battery manufacturers.

My line of thought is with fossil you need more power you turn the plant up by dumping in more coal or NG. With wind and solar that's not possible. What is possible is storing that energy when it exceeds demand. That would mean for every solar/wind plant that goes in you'd need X amount of storage for the grid. Batteries have a much shorter shelf life then the plants themselves so they would be the thing that gets replaced the most. I'm only one cup of coffee in so I might be way off base here. I will be looking into battery tech though.