 Hey guys doing this is rich from rich TV live kind of a nice day-to-day was crazy crazy crazy red day today and I didn't do any buying or selling today. I don't know if you guys did but I didn't do any buying or selling today Yo, what's up? How you doing man? It was a good day for you wasn't a good day for me Not in the markets. That's for sure you guys like the view here of Vancouver or what like those mountains It's pretty cool, right? Oh No, I just meant hi. That's cool Saying hi from China. What's up, man? What's up in China? You bought a bit today try to ignore the rest My portfolios red like sore red eyes Yeah, it was a tough day man. It was a tough day Hey How you doing? How you doing to see? What's up guys? What's up? Xena slapped your face. I think Xena slapped all of our faces Xena slapped all of our faces Wow, it's gonna be plus 20 for 420. That's that's a gift from the gods right there Hey guys doing thank you guys for joining. We got like what like 37 people here. Thank you guys Yeah, it's a tough day today. I didn't do any buying or selling I actually been renovating got paint all over me right now And right now I'm just trying to enjoy this beautiful sunshine. See the Sun out So the mountains Kids playing at the park got baseball in the background we got soccer in the background Green grass is a good sign like hopefully if I have a lot of green behind me We'll have a lot of green in the markets tomorrow. Oh, it's warm here. I could take this off No problem T-shirt weather here in BC. No problem T-shirt weather look at that T-shirt weather Just like that 16 degrees So what is that? 32 it's like 62 degrees Yeah Leafs. Yo go Leafs Represent for the six Toronto come up with a big win against Boston tonight up two games to one. Let's go Let's go Yeah, man, it's nice. It's nice. I saw that I saw that Leafs win And now I'm just trying to enjoy some of this beautiful sunshine and it's beautiful day here in BC Yeah, what's it? What's the score of flames versus Colorado? Does it just getting started right now? Yeah, hopefully if we can just manifest the green Let's just manifest all the green Let's manifest the green Tomorrow let's manifest the green positive thoughts positive thoughts You bought Cura on Friday and you're down another 55 cents today. Yeah, unfortunately we saw three months of highs Yeah, I was a bloodbath today. No doubt. We saw three months of highs in a row January February March of green in the cannabis sector and I feel like we're right now. We're having a correction I Wouldn't say it's a crash. It's not a crash yet, but it's definitely a correction and it could be the start of a crash So we need to be very careful right now And there's only three things you can do if you're red you can either hold and wait and be a long-term investor You can lower your cost which means buy more to lower price to lower your cost average So if you got in a stock of three bucks and it goes down to two Instead of having a thousand shares of three you buy another thousand shares of two now your cost average is 250 You don't need the stock to go all the way to three dollars to get out You can get out of 250 lower cost averaging is typically what I like to do Yeah, man beautiful night time for a split for sure You guys have one take one You have something you want to drink drink it just make sure you don't drink and drive and make sure you don't smoke and fly, okay? Drink with responsibility and smoke with responsibility always Yeah, you know I thought about getting out on Friday of last week and Man, I took I've taken a hit the last couple days. I'm not gonna lie I was really close to just pulling out and getting into cash And then I changed my mind and I decided to stay in and now I'm in Long-term investor now am I going to get into Pinterest? I don't think so. I don't think so Have I seen CN VC no I haven't yeah, man. Well, you know what it's not hard when you see everything coming down It's hard to stay in the markets when you see everything coming down Yeah, GXXM went on a very big run at one point. I was down two grand on GXXM at one point today It came all the way back up and I was only down like 300 bucks. I Almost took it. I should have I thought about it and then I was like, oh man, you know because I'm sitting at a penny my average cost is like 0047 0048 probably now I Initially bought at 005 and then I bought a little bit more to lower my cost So maybe 0049 because it hit 0047 today. I was still down. So probably 0049 is my average You got 0047 today. I was so close. I thought about taking it. I didn't take it and then it went down So I'm regretting that move now. What do I think of a parcel pal? I Don't know much about it, bro. I Own a thousand Aurora. I'm gonna hold it I think long-term they're fine, but short term. I'm a little bit concerned about it. I'm not gonna lie I think that short term is probably gonna go lower. I hope it doesn't but I think it might Unfortunately, I think it just might we are praying for lots of green tomorrow. We're trying to manifest the green Let's manifest the green Surround ourselves with nature and manifest the green hoping the stock gods will pray upon us and praise us with riches and glory tomorrow Gold is going up if panic continues in the markets. Yes, I agree Kevin. It's true You know what we contacted MMS and we contacted IG and G both of them said they would be interested in coming on the show And both of them have just kind of gone quiet. So Honestly, don't know. I can't tell you if the if the interview is gonna happen. I Can only tell you what I can control. I can't control other people and They may or may not want to get on the show and when they do it, it'll be up on their terms Which may or may not work for me. We'll see it's almost 420. It's got to be green. Well, you know what unfortunately You're right. It's it is almost 420, but it unfortunately. It doesn't have to be green as we're seeing today Have to be red very red today unfortunately Yo, what's up Joe? How you doing man? I'm just hanging out at a park Trying to manifest some green for tomorrow We had a lot of red today, so I'm trying to surround myself with lots of green Trying to manifest the green. We're trying to manifest the green here today. I Know a free a lost a hundred million dollars Labs and the oil sector is where it's at right now. Yeah, they're doing very well. Yes, Joe. It's a massive bloodbath Yeah, it's a free I took a big hit today. So did oganogram both of them taking big losses So that's the word on the street two big players that have been running taking big big losses And that's why they went down Mining and drilling going to do well here. Well, yeah, I think we're gonna see commodities Maybe make a run here if everything starts to go down You know the funny part is the TSX Ventures actually or the TSX here in Canada has been up for four days in a row I don't know how that happens with all the cannabis stocks red So overall the Canadian markets are actually going up It's just the cannabis sector that's gone down Well, there's a few that obviously went up today that I talked to you guys about on Sunday I prepared you for and they all went up today chemistry. I dropped my video today. They went up today Pivot was green again today not much, but I've been watching them obviously and talking about them. They went up today BAM went up again today They were on fire. They kind of finished off a little bit slower but they they were on fire at some point today labs once again green today and Valens grow networks Gw green again today all of which I told you guys had momentum I was telling you guys yesterday to watch them today all of them were green today and Those were the five plays. I told you guys to watch and all of them were green. So literally five for five My holdings the positions I'm holding on to are all you know companies that I really like but unfortunately They went down today So I had to take a little bit of a hit What do I think about harvest one signing with Walmart? I think anybody who sweat signs is what Walmart is good IG and G was in the green today and Standard lithium SLL was in the green today. Yes Very true Well, I hear I keep hearing whistles What's going on? Oh, I think they're playing some basketball over there. I bought for 6700 my TFSA and the 700 change Nice got some labs. Hey, so yeah, it's a pretty crazy day today No, I didn't buy into I did not buy into CHM. I should have CVB compass gold tight float dude market cap 50 million just got 2.7 million cash to keep drilling going to do well my brothers Yeah, I'll keep my eye on it 48 North 88 cents. Yeah, North was on fire. They've just recently come back down They might be signaling a buying opportunity Yeah, you can email me at rich TV live at gmail.com so Yeah, pretty miserable day overall for cannabis companies. I know I took a big hit in my account today. I think I was down like 1700 bucks So been a tough couple days. That's for sure What's the difference between HR VOF and HVT HR VOF is is the American symbol and HVT is the Canadian symbol Same company. Wow, that's crazy Joe That's crazy man. That's a great return on your investment. You got your channel started nice Very good Friday's a holiday in the markets Friday's a holiday in the markets Really So we're gonna have a nice long weekend then aren't we? Yeah, the grass is very green in Vancouver Very very green I'm trying to manifest green guys trying to manifest the green You bought more zina today Uh, do I think you should dump labs right now the whole sector is kind of turning around You know at some point you got to think the labs is going to slow down too So if you're up that much Joe, you definitely have to think about it, bro I'm not going to tell you what to do, but if you're up like 183 percent like you're saying Nothing wrong with taking profits brother But you know, I'm not here to tell you what to do man. It's really up to you You made a great trade there. Congratulations, man being up 183 percent. That's pretty amazing Well 420 is going to be on Saturday. So no markets going to be open anyways It's going to be interesting to see if anything happens over the next couple days But so far we're starting the week pretty bad Today was pretty bad. I mean it was a sea of red pretty much from from everywhere Hold on to me Starting to get a little bit chilly here. It's good. The sun's coming down. It's starting to get a little chilly now So I'm gonna put it on Still holding some at 95 cents on labs. Good job, Leo Is that a sign in the background? Should you sell zinarbo? You're still up 25 percent. We should definitely consider it You should definitely consider it if you're up 25 percent I mean Why not especially if you think the markets are going to come down If you think the markets are going to come down, you definitely got to think about selling it. That's for sure You're on your balcony in victoria chili indeed. Yeah, it's it was like 16 degrees and I guess it's cooling down a little bit right now But I'm trying to manifest the green for tomorrow guys Typically when you see big red days, you're going to see green So unless we go into some massive crash, which I hope we're not gonna have Yes, we all should pray for green tonight Wow, you got 25 000 shares of aurora now crazy That's nuts joe. You're just loading up a buddy Just loading up Yeah, joe doesn't mess around man. He's playing for keeps Joe's playing for keeps I did watch the leaves game EG LX is on fire. Amen. It's the way we like it. We like it when these stocks go on fire Are the licenses always announced on friday? No It can be announced on any day I think sometimes they just put it out on a friday because they want they want it to circulate all weekend and get as much Visibility as possible so that they can explode on on monday Oh, yeah Green days you're gonna see ton tons of messages in the group chat red days Nobody wants to talk I don't talk about nm anymore. It's been on fire I didn't notice it was on fire. I apologize So many things going on I like namaste technology. I think it's under value. I think it's been Crushed and at some point we're going to find the bottom. It's a shipping stock. Yeah, you know the shipping stocks are very volatile They're very risky I like them at times, but they're also very risky and very scary. So I don't own any shipping stocks. I talk about them once in a while. I watch them and you know for a day trade They're good here and there, but they're just so volatile and so scary right now You have to be very careful with them Yeah, teagot is very cheap right now. It's close to its IPO price Did aphria have anything? I'm not sure what you mean by that I think ianthus is at a very good price right now. I think it's right around six dollars. So Definitely a good price for aphria Did aphria have anything to do with the member? Of course they did. They're one of the biggest companies in the cannabis sector How you doing? Going for a nice walk on a beautiful day. Yes Bad earnings massive losses Stocks down like 14 and it drags down the whole sector hitting on the single lady What is your favorite strictly usa cannabis company? I really like cweb I really like true leaf. I really like kush bottles I really like med men I like those four a lot um, I like green growth brands out of all of those I like cure leaf so many good companies I like harvest health and recreation But the one that I think that might be the best at the lowest price out of all of them That's tough. That's so tough It might be med men because the price price is low. So There's going to be a day where it's going to explode Do I believe that zenibus will recover a bit this week? I hope so I don't want it to keep going down every day but At the same time I want to buy more And when they go down like that it does signal a buying opportunity. So Definitely something I'm looking at it's definitely something I'm interested in I would like to have some more I want 10,000 of it So the lower goes the more I want it And I'm definitely going to consider buying it. So I've always learned in investing There's a seed of opportunity in every negative situation and every in every negative situation a seed of opportunity grows I believe that's the case here. So I think that uh I think that we need to take advantage of this opportunity like we did over the holidays when I was telling everybody that It was going to be a cannabis stocks resurrection and we even put songs out saying it was because we knew it was the bottom And everything exploded as predicted Read today. Bye. Bye. Bye. Yep But the thing is it might go even lower So we need to be careful and make sure we don't buy too soon. We want to try to buy at the bottom and The canadian market cap was at 400 it went to 600 and 70 I believe It's now back down to 600 So it's starting to come back down and it went from 400 to 600. So it was up 50 percent Over a period of three months and even more than that. It was up like to 670. So it was up like More than 50 percent over a period of three months now. It's coming back down to 600 if it goes back down to 400 That's going to be a 50 drop That would be massive and that would be a huge hit Which could then signal a huge buying opportunity and then we could see another huge resurrection Like we've done and we might even see higher highs than before Typically, that's what we've seen. We've seen that aurora is always seems to get resistance around 13 dollars I don't know why but take a look every time we go we get aurora to 13 bucks. It seems to get resistance So I made a mistake buying in a 12 30 12 50. Sorry um Knowing that that's a really high price But when I bought it, I saw it was running and I had madfomo and I chased it. So I'm paying for that too I do watch the raptors. Yes. It was a great game one was heartbreaking Uh cow larry couldn't hit a shot zero points. I mean If your point guard can't hit a shot, you're not going to win terrible Just choking like that in the playoffs disgusting Like you get paid millions of dollars and you get zero points in game one of the playoffs Like you should be ashamed of yourself embarrassment total embarrassment Have ever been down over 20k in one day? Yeah, I have Congrats tiger woods I know your plate. You're paid for the playoffs and then you go and you pull a zero And you couldn't even hit free throws cow larry. You couldn't even hit free throws That's just sick. And then your team loses by one shot at the end disgusting disgusting But one thing I didn't like is they got a rookie coach and the other team went on an 18-0 run And he never took a time out and I'm sitting here thinking. Why wouldn't you take a time out? You know when it was like an 8-0 run or a 6-0 run just to stop the momentum? Why are you letting it go up eight 18 points? Before like I don't get it. I don't I personally don't understand that. I think that's bad coaching It paid 18-1 for tiger at one point. Wow, that's big Yeah, si ml has been pretty amazing si ml has been doing some serious movements Serious movements for s i l s i m l Some dude bet 80k and he won over a million. Whoa For tiger to win, eh? That's ballsy Yeah, lots of joe says lots of days up 30k. So once in a while you got to take a hit. Yeah It's true. That's the way the markets go You're gonna have great days and you're gonna have terrible days. You got to take the good with the bad That's why the markets are not for the faint of heart Not everybody can be in the stock market You've taken a 50k hit its life. Yeah, it sucks Will bam keep running? I wonder it's trading like it's very manipulated So if you guys look at bam, you can see the way it's trading. It's looking extremely manipulated um Somebody has control over that and it's going up every day. So Definitely it could keep going up. I don't know how high but for whatever reason it's going up every day So definitely you need to watch it put it on your radar Potentially, you know if you want a momentum trade or day trade it's been Very very successful over the last few weeks Pretty much since 2019 I'm still holding my belief shares. Yes Milwaukee wins it all no I don't think so Golden state wins it all. I think namaste is at a good price. It could go lower. They've been extremely quiet so You know trying to trying to put a siege trade on The own Directors shares. I mean, I don't know man. It's crazy. Do I feel that there will be a market crash? I think It's already started I think it's pretty obvious. I mean, I think it may have already started It's gone from 670 to 600 and if we get into the 500s, which we did today and then it came back up I think at the end if we get into the 500s and then we get into the 400s and that's a crash It's a crash So it's very possible Especially when you've had a huge run, it's always possible that you're gonna have a retraction a consolidation So It's very possible. Do I want it? No. Do I think it's possible? Yes. I hope it doesn't happen, but you know That's the markets we had a Okay, so let's talk about last year last year It ran up early january. Then it came back down like around january 12th aggressively stay down for a lot of The year until like july it was like down down down down from like january till july It was brutal last year the beginning of the year. The only couple things that went up were like cvsi and canopy growth then what happened they uh All of a sudden july they start to explode and they explode from july august september all the way up to october for four months they explode Three months the four months they explode all the way till about october 15th when they started to turn around again And then they started the crash again Then then the crash started october 15th october 16th october 17th legalization hit stocks markets red And then it stays red all the way october november december and then december 27th. That's when it stopped again That's that's the end of the crash Then december 27th it starts to resurrect again december 27th january 27th february 27th march 27th green green green Now what now we're seeing red again In april so now april may june are we in for a three-month fall here? Are we in for a three-month correction? This is cycles guys Be very smart. You're sitting in cash genius. You're sitting in cash and you're protected against the crash Very smart. I should have done that a few days ago. I did it now. I'm a long-term investor You know that's what I look at it. You know, I'm not gonna sell for a loss So I'm forced to become a long-term investor It's okay Well brent calling world war three, eh? Hey rich, do you think zina will plummet tomorrow or in the coming days? I am not very optimistic right now For zina a little bit concerned Do I think tilray will hit 20 bucks man, it's crazy I think it's possible. Yes, but it's at like what 49 right now So yeah, I think tilray has been really really high Gary varner trucks waiting for a crash. Is he waiting for a crash to load up? Oh, yeah, I'm gonna be patient. I'm not gonna sell for a loss. I'll be patient. I'll take my time I'm not in any panic right now to sell anything I will be buying more Aurora. I just want to see how low it goes. I think it might go lower I think it could go lower. I've seen them go to five bucks a few times um, and I've seen them go to 13 14 15 a few times so This could be their run back to five. Who knows? 150 coming for zina. Yeah, I think that's very possible right now based on the way that zina traded today I think anything is possible in this market right now. I think things are getting obliterated Reminds me of what happened in october When everything got obliterated seems very familiar to me. So It's possible. It's very possible and the worst part has happened right on for 20 week, right? Astralis is picking up. Yeah, they had a nice day today. They went up They came back down a little bit, but they did have a nice day today Starbucks a good investment I don't know really expensive coffee. I don't know 385 or lower might be coming for teagod. That would be a nice entry for teagod That'd be a great entry for teagod I believe their IPO is around 360 So anything around 360 or lower, I believe is an immediate buy and anything Shortly, they're Higher than 360. I think is also going to be a good buy long term You think Aurora is going to hit seven bucks. Yeah, it's very possible We've seen it before My thoughts on bam and labs is that they're both on fire. They are absolutely No words can describe how hot they are They just keep going up even in a red crash of a market when everything is red in a sea of red They keep going up. So you got to respect them for that labs and BAM are two stocks right now that are crash busters Gold stocks any recommendations b2g b2 gold It's b2 gold. I like bear gold This b2g it was one of my picks I was looking at And it was at two bucks and it went to three bucks It's been going up and I was telling you guys about it. It's b2g btg btg Pretty sure Kinross I like Kinross gold too I think right now might be a very good time to add to your positions But we need to be careful and see if we're going to see more red tomorrow I'm not going to chase on the first big red day. I want to see how many more red days We're going to have consistently because I think this could be a sign of things to come I was concerned about a crash earlier in the year. It didn't come I got into the market. I didn't put all my funds in. I just put in some funds just to kind of test it I did really well And I thought about staying in cash and I didn't unfortunately I went back in and now I'm kind of in the red on a lot of positions right now. Mind you. I'm up Still a lot So I'm kind of just thinking about my strategy now. What do I want to do? I don't really want to sell for a loss and I like my position. So probably just going to wait it out to be honest with you and just Use more cash to position myself in other positions that I think are really low And maybe even lower my cost in some other positions that I got I'm going to be considering, you know, what my options are. That's for sure Because I love to buy in the red, but I don't want to chase a falling knife So I don't want to just jump in right away. I want to see how low it goes How's the long-term care business nursing homes assistive facilities for seniors in canada? I think it's a very thriving business People in canada are living longer I know it's very hard to stay in cash. You start falling in love with the stocks That's exactly what happened to me. I fell in love with these stocks. There's a whole bunch of stocks I wanted I bought them now. They're going down and now I'm really regretting it. I was just sitting here Man, why am I falling in love with these stocks? What is wrong with you? Ah FOMO is real man FOMO is real Luke is the same rich by Kira true leave C web on this correction. I love all three of them And that's not a bad idea It's not a bad idea at all Departures capital loves senior homes REIT Yeah, I think it's a good idea. It's a good idea real estate is always good and Canadians are living longer So not a not necessarily a bad idea at all I think that mistake will rebound. I just don't know what the bottom is and I feel like they're Kind of floundering right now and a rora deal could prevent the crash. I think that that's what everyone's waiting for Do you think once america fully legalized marijuana it will affect the top canadian marijuana stock market? Yes Yes Watch out for kira october october shares are unlocked good trade for now till then beware Yeah That's interesting That's very interesting You're waiting for an acb deal Do I still like hip hip got bought up by hexo? So Hip is no more Hip is now hexo What's the chances that usa says no go on legalization of weed? I mean anything's possible I hope they don't but Anything's possible Your friend has Budweiser stock bad investment I don't know ACb will have many partnerships. Absolutely No, I don't believe that acb is too deluded for partnership Rich, do you sell off on acb when it spikes on coca-cola deal? I'll sell off on anything when I see profits I'll sell off on anything when I see profits Joe believes that when the acb deal comes acb is going to double up Yo, peace out lucas You saw me in the park today and he didn't say hello Man, it's not very nice Yeah, it's big money for the government. It would be stupid not to legalize it. I agree, but I think it's going to be calculated It's going to be strategic greener red tomorrow I'm expecting green Typically when you see this much red you're going to see a bounce back But if we're in for a crash we might see more red I feel acb deluded chairs just to prepare for an exchange with partnership. It's possible It's very possible. I mean anything's possible in this marketplace. This marketplace is highly overblown highly overrated cannabis sector is totally overpriced Things are loaded everywhere. I told you guys kronos group was overpriced. I told you guys tillray was overpriced I told you guys canopy growth was overpriced. I told you I wouldn't touch them and they've all come down, right? So I'm not surprised by any of it Yeah, you got to say hello next time My goodness You know, I like my mmf But they just been terrible So I don't know what to say about them They've been absolutely terrible So yeah, typically when you see big red, you're going to see green the next day. Typically when you see big green You're going to see red the next day unless you're in a bear market Does a couple of red day signal a bear market? It could it could be the beginning of a bear market We'll see only time will time will tell Right Yeah, you see lineups of pot shops. Yeah get used to it Yeah, canopy is overpriced tillray is overpriced Kronos group is overpriced A lot of companies are overpriced. We saw C web go from 33 dollars to 24 in like a week Some crazy moves in the cannabis sector Yeah, it's been read for some for a week now some For some longer Will I ever buy canopy? I bought canopy at five bucks initially Sold it at 17 You know it's at 40 now in Canada. I just No, I'm not gonna buy it at these prices. I do think it could go to 100 though I do so I think these are going down just to generate another amazing buying opportunity so that they can just go up again so Even though I think it's overpriced it doesn't mean it's not going to keep going up Even though it's overpriced. I believe it will still go up because it is the Yeah, I think Aurora's gonna definitely make a deal or a bunch of deals. They've got a new billion Billionaire advisor on their board and I believe that he joined the board so that he could make moves I don't feel like he just joined the board to get some stock to get some options I believe that he joined the board so that he could you know, tell all of his billion dollar friends Hey guys, I got a cannabis company. Let's go You're waiting for MMS to hit eight and a half cents. That might be a good entry That might be a very good entry Yeah, cgc has been the first mover and they are the first company that just went to the tsx composite smp top 60 exchange Which is obviously putting them in a league of their own. They're the only cannabis company there now, so That's a huge huge Feather in the cap of canopy growth and to be quite honest with you everybody's chasing them Yes, peltz will have a us focus do I agree hip got ripped off well hip had too many shares hip had too many shares right, so They couldn't get their stock up. They had to get acquired because they weren't doing anything They weren't going anywhere. They couldn't do anything with their stock. They couldn't do anything with their public company So they had to sell it That's what's gonna happen with most likely vivo most likely oxley everybody who can't do anything with their public company Is going to end up selling it mark my words because you can sell it for millions and hip sold their company for millions so And they weren't being successful So I think they made a very good deal actually Yeah, typically when you have a red day like this, you're going to follow it with a green day However, if this is going to be a sustained crash or some type of orchestrated collapse or orchestrated Correction, then we could see red for the rest of the week going into 420. Who knows? This industry has a very interesting Sense of humor You want to see how beautiful the sky is look at this You guys see how blue that is That's the moon That's the moon, hey That's the moon that white thing behind me That's the moon That's the moon How do I feel about gxxm after today? I almost sold it And I didn't um I feel fine about gxxm I mean It's a penny stock. It goes up and down and that's what penny stocks do so Not anything different than I've seen before I don't know man. I'm almost ready to give up on oxley. They've just been a massive disaster Do I think they'll explode? I mean, I've been thinking they're going to explode for two years now So they've been a massive disappointment Yeah ggb gave up on the aphria deal. They decided to uh Part ways All right party people I'm gonna make a move. Thank you guys for joining me. Let's hope for a better day tomorrow. Let's hope for lots of green. Okay This is your boy rich from rcdb live and i'm out Thank you guys for all the likes the 46 likes. Thank you guys for watching I love you guys tomorrow. We go back to war. I'll put my battle paint on We go into battle. I'm out. Peace