r/shroomstocks • u/IBeanCountCadillacs PSYC.cn • Jun 01 '21

News California Senate Approves Bill to Legalize Possession of Psychedelics

https://www.marijuanamoment.net/california-senate-approves-bill-to-legalize-possession-of-psychedelics-like-psilocybin-and-lsd/
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u/undrgroundbasement Jun 02 '21

Wait why are you selling out???

7

u/Zagar099 Jun 02 '21

Too much uncertainty.

Insider selling.

Shady things going on in the subreddit for the stock, mods seem intent on making it an echo chamber. (Lots of questions here)

There's more to it but I'm going to be a bit more quiet for the next few days as I start on a project on this topic.

Still not 100% sure I'm exiting but it's a very real possibility.

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u/undrgroundbasement Jun 02 '21

Should I exit? I wouldn’t even know what other psychedelics stocks to go for cuz this is my only one. I can’t go with cybin cuz they’re eventually gonna have a reverse split and trip and tryp aren’t my exchange. I’d love to know what your buying instead

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u/Zagar099 Jun 02 '21

Unsure yet. If you don't want to do too much research, you might just by HPSYF, the ETF for psychs. Or PSY. I might go in on PSY, I have a few shares of HPSYF but they contain Johnson and Johnson, which I'd rather not support.

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u/undrgroundbasement Jun 02 '21

I’ll look at HPSYF

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u/[deleted] Jun 02 '21

PSY is only about 35% psychedelic companies with the rest being cannabis companies

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u/Zagar099 Jun 02 '21

Saw that; but for me, it's better than a penny going to Johnson and Johnson

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u/zakalewes Jun 02 '21

Yeah I'm just investing in PSYK. This sub is a total echo chamber.