/biz/ - Business & Finance

FUCK PRESIDENTS DAY

RRRRRRREEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAREEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!!!!!!!

>>12769854
when new SPX ATH?

>>12769794
Some do some don't, but you can by bonds that are indexed to inflation like TIPS that are basically risk free. Whenever you buy normal bonds though you're making a bet on what the future of inflation looks like, though.

>>12769862
Never thought I'd see the day when I hate weekends.

>tfw missed out on REFR
Give other cheap stocks.

>>12769906
MNGA is very cheap

>>12769854
So I've spent around 150 dollars in robinhood and ~75 wrapped up in Acorns

I actually lost money in Robinhood (around 70 bucks thanks MGNA) and only have made a few bucks from Acorns. I just don't really want to deal with paying for a premium service with Schedule D since that's what I'm using to do my taxes still. (I just don't have complicated taxes)

>>12769922
Sorry I thought I posted the question but my question is "Do i have to worry about reporting any of this?"

>>12769922
>>12769926
and also for the record, I never got a 1099

>>12769922
The reason you lost money on Robinhood was because of how you chose to allocate it
Acorns probably invested it in ETFs or low risk dividend stocks, whereas you put a lot of money into one penny stock
The lesson here is get better risk management and do research on stocks before you buy them

Also, since you lost more than you made, you don't have to pay taxes on it
You can deduct money equal to your capital losses (up to a certain point) from the amount of money you have to pay on your tax return

>>12769906
buy as much as you can. take out loans if you have to.

To sell or not sell before report date on short term trades?

I decided, after much deliberation, I will not be purchasing BGS and will sell my 100 shares of KHC for more MKC at the open tomorrow.

Thank you.

>>12769906
Refr went down below 2.7 on friday. Pick it up monday or wait until after the next run, it may dip to 2.7 again (or the new support could end up be 3)

I don't have to do taxes if I only started investing in January right?

>>12770011
>buy 1.11
>stop loss 1.01
You're gonna get fucked on Tuesday when it drops to 1 in power hour and then jumps to 1.2

>>12770128
yeah, that's for playing the bullish engulfing. buy around 1.14 with stop at .90 to play the inverse head and shoulders.

>>12770128
Is there any way for an individual who isn’t a market-maker to view the stop loss orders place for a given stock?

Why, in TYOOL 2015+4 is an electronic exchange closed on the weekend

>>12769862

why did the janny delete this?

>>12769866
It's gonna smack in to the 2800 wall and wiggke around for a bit before making a decision about up or down. If 2800 breaks, new ATH will be forthcoming.

>>12770107
Correct. Not until 2020.

>>12770356
Brokers Union

>>12770360
The same reason the keep deleting my perfectly sfw yaoi pictures

>>12770444
I would argue that the broker isn't needed for the transaction since it's done by a computer, but i'm sure that's exactly why the union exists.

I literally can't stop accumulating KDP.

What a product line. What management.

Truly the elite beverage company, with it's 300% 5 year gains being a testament.

Even now, the mainstream media ignores this company. Coke vs. Pepsi who will emerge from the decline in soda sales? Meanwhile Dr. Pepper is shattering earnings ever quarter.

I will retire off KDP. This is like buying Coke in the 60s.

I bought two $50 savings bonds with my tax refund. They have Helen Keller on them.

>>12770673
The Keurig coffee machines seem to be getting traction in offices. My wagey gig has one. I don't know why you would use one at home as the things are kind of slow and finicky, not really time savings over regular dripper.

>>12770707
Gross.

>>12770089
More BGS for me

>>12769988
Cheers friend. I'm gonna start diversifying my portfolio more and maybe invest in some more ETFs myself. I'm starting small, so no water off my back

>>12770864
GET RICH FAST. Take out as many loans as you can. Sell everything you own. Never bet on black. GET RICH FAST

>>12770776
They're actually super quick and convenient. They're popular because of all the fancy flavors you can purchase and how quickly it will make a cup. Maybe your wagecage just has an older model.

>>12770829
Can you give me a quick rundown on why you like BGS so much?

How safe is the 7% dividend, that is kind of a red flag for me as you don't see that sort of dividend unless the company is fucked. Their debt seems unsustainable as well which doesn't leave them much room to expand operations or advertise.

GPRO!!!!!

Invest in pharma you dolts. NVAX, AGRX, and SCYX are going to rocket very soon, especially the latter two. Big gains for cheap.

>>12770922
theyre one of the better acquisition food companies, and the only competition to MKC spices. I think the div is safe because its paid out as a Return of Capital, and they built cash through divesting in 2018

>>12770911
The problem is i'm trying to use my thermos and thermos is bugger the all of the press set quantities so i have to do two brewing cycles. Stupid Keuriger takes forever to slurp more water in through the heating section before it will let you run a second cycle. Also the coffee isn't good.

>>12770991
Buy Tetra Biopharma whenever it dips to 0.69-0.73. Sell when it goes over a dollar. Repeat.

>dropped 10k in right before the dip in October
>was down almost 20%
>finally closing in on breaking even 4 months later

wew lads, glad I didn't sell tho

>>12771046
Not listed on RH, so not for me

>>12771064
me canty belief things going so smoothly...
am the evil market really gonna let us get our money back so easily O_O ?

Portfolio's 2 and 3 are Alphabet and Microsoft. Guess what portfolio #1 is.

>>12770911
They're so fucking wasteful though I feel such peak consumerism using it.
You could easily design a keurig except instead of individual pods you just change a big reusable pod full of 3 lbs of coffee grounds of whatever flavor you choose.

>>12771126
I wouldn't expect this streak to last much longer.

>>12771129
MNGA?

>>12771126
thats right Non Believer. You might be able to reserve a good mat at the small spec table if you call now

>>12771064
>he hodl? Damp eet again

>>12771129
Apple.

need help with taxes frens. trying to file using free online tax software. robinhood sent me a consolidated 1099b. these data fields look like they want me to input each transaction individually but who the fuck has time to do that? there's no option to input a summarized value and upload the 1099b as a pdf or something, can i just input summary values and hope the irs doesn't grape me :^(

>>12771209
Not quite.

>>12771231
How long have you been investing? Or do you just have high enough capital for $10k/company?

>>12771267
I've only been actively managing my own portfolio for about a year, but that screenshot is just from a backtesting site. Right now I'm investing about 10k total.

Just trying to prove a point about what stocks have been able to deliver very high consistent returns outside of tech.

>>12771126
>>12771064
if only you had taken the GALTpill
december was forever ago for me

>>12771303
dollar general?

>>12771337
>>12771126
>>12771064

>>12771337
I wish I had bought the December dip bigger than I did.

>>12771347
I wish I hadn't waited until january

>>12771126
>>12771064
good job not selling or shorting at the bottom, tho

>>12771347
>>12771356
I averaged down on GALT twice, once at the very beginning of January, and again on that dip that just happened last week

r/wsb got shut down by the SEC for insider trading

/smg/ is next

>>12770991
I own FTHX is that enough?

What industries do you guys mainline? My focus is basically pharma and biotech at the moment

Accumulate auto stocks!!
Honda + Volvo + BMW + GM experienced the highest electric car growth domestically of all companies! BUY IT NYAAAAAAAAA
>>12771129
Compare it to QQQ

>>12771366
I'm a pleb index fund investor. I don't day trade much or gamble on individual stocks (outside my own company)

I have a good amount invested though. Enough that could ruin me if I made a poor decision on a stock

>>12771399
same here
all in GALT atm, also interested in VTGN, VSTM, NTRP, CRMD, ACRX, MRKR, SESN, and NVAX

>>12771366
I got in for a bit early and then averaged down up until it became clearer it was a lower risk than I thought. Then i went full exposure.

>>12771385
They were a people that should be wearing helmets at all times for their own safety.

>>12771413
VTGN and VSTM are my two favorites of the other ones, so far
I had a position in VTGN until last week, when I decided to temporarily take profits
Their pipeline is really promising, but they're short on cash
Looking to buy back in before their Baylor/VA trial readouts in ~April or so (the trial's primary completion date is March 31st)

>>12771414
It was really encouraging to see it recover immediately as soon as the market stopped collectively shitting itself after December 24th

>>12771399
Food and bank/Financial industry. anything related to Energy, healthcare or pharma is extremely boring to me

Red SPY

>>12771444
Get into NVAX while there’s still a dip. Once they release the data from their Phase 3 trials, there should be a considerable jump. Hopefully

Movie night suggestions?

>>12771484
Nightcrawler

>>12771475
From what I've read, their pipeline is breddy gud
Will probably buy in at some point, but before I do anything else, I'm waiting for GALT to announce BO/partnership news (I do have actual good reasons to believe that one could be coming, it's not just blind desperation)

>>12770534
hope this escalates to bans at some point.

>>12771484
The Santa Clause

>>12771511
The dip is probably gonna go as low as maybe $2, and that’s an extreme case I think. I bought 30 at $2.21, and I might dump some more in if it reaches $2.10 or so.

>>12771512
I think someone reports them on sight :3
I wonder who that could be
>>12771540
No
>>12771511
No

>>12771552
The Santa Clause 2

>>12770905
This thread in a nutshell

>>12771552
Nightcrawler

>>12771399
Memes.

>>12771600
Tripfags don't get a vote

>>12771511
>>12771484
Nightcrawler sounds good, actually

>>12771698
The ending is dumb

>>12771339
We have a winner!

>>12771724
The ending is a bit dumb, but it's a great movie overall
Jake Gyllenhaal's performance as Lou Bloom was arguably the best of his career, and I've also been suggesting it since August of last year and Comfy has never fucking played it

>>12771402
QQQ beats out Alphabet and Microsoft in that time frame but still looses to DG by about 4%.

>>12771157

>>12771768
that picture is showing you how to do cervical dislocation on a lab rodent, for anyone who's curious

>>12771774
Neat

>>12771759
So? You choose one high performance stock and project it in retrospect? For what purpose?

>>12771774
you mean how to do cervical dislocation on Nazrin

>>12771804
that is true, it does say Nazrin
doing cervical dislocation without prior anesthesia will probably get you in trouble with your IACUC, tho

>>12771819
>>12771804
unless you have a scientific justification to do it that way

>>12771768
Curse you


>>12771759
thing about comparisons is. You can move a small notch to the right or left and your 'outperformer' becomes an underperformer. None of this is risk adjusted. This makes QQQ superior

>>12771819
>I A CUC
They are getting less subtle with their subliminal propaganda.

>>12771855
they even pronounce it "I a cuck"

>>12770011
yeah you are gonna have to do some work to explain why now is a good time to invest in a shale company

>>12771870
I'm guessing he's betting on a combo of Venezuela's collapse and whatever is going on with Iran right now to raise oil prices back to a point that it would make sense to frack more again. Last I heard though the magic number was nearly $3/gal though...

Movie night tonight at 9:00 Mountain Time!
We'll continue our western theme with "The Good, Bad and the ugly"

>>12771790
>>12771832
I'm buying DG because it's set to do well in a recession, but it's history shows it has a record of growth anyway.

>>12771924
Lol get rekt pendejo

>>12771929
DG didnt IPO until 2009-2010. You have essentially 0 data on how well this stock will perform in the future

>>12771831
>>12771832
am enjoying tactile feel of snuffing out Ratsu's waifus life with intimacy of bare hands "good scientific justification"?

>>12770089
hold all 3
most BGS, less KHC, smaller amount of MKC

>>12771903
Yeah I'm not seeing it. At least, I'm not seeing any chance for shale companies to outperform. They grew a lot on cheap money and expensive oil. Even if fed prints at a rate higher than what is priced into the markets right now, there is no reason for shale companies to outperform the market.
Unless there is something special about ECR

I hate 3 day weekends, time to work out and clean my house. And I still work on Monday but can't trade zz

Thanks to the anon in last thread who said something bearish about XPO - I just scooped some up on Friday, I will watch the position closely.

What do you guys think of my portfolio for 2019? I’m preparing for the market correction/crash that happens every 8-10 years. I have 20% allocated for each.

VGT - Tech
KRE - Regional Banking
XLU - Utilities
XLV - Healthcare
SLV - Silver Trust

>>12771953
Probably not, to be completely desu with you

LCI going over $30 soon

All in

>>12771950
It markets towards low income consumers, has good debt levels, and unlike it's competitors, has about zero trade war risk. I expect it will do about as well as Dollar Tree did in the last recession.

>>12770929
GPRO <(0_0)>

>>12771985
always hold some cash so you can buy good stuff

If you have time, make a spreadsheet where you sum the positions in those funds and compare vs the S&P, compare the performance in past market conditions etc.

Besides that, you don't have any consumer staples/food funds or REITs. Lots of people that you talk to get antsy about real estate because of 2008, but right now there is no reason to expect a crash in real estate/rents that will hurt REIT income. I would look for ~10% allocation (mine is higher) for secured income during the economic slowdown.

Dunno about regional banking, that's a maybe for me.

>>12772007
It’ll crash because the word “unity” leaves the worst taste in everyone’s mouth

>>12769854

OP, you shut this fuk'n thread done right now!

(you) and your frens need to get in here now. Stop fuk'n around on this shit thread, and make some goddamn money

>>12769687

>>12772005
Would be nice if it would moon before Galt happenings happen. Or Galt happens and I get more in before a big squeeze.

>>12771953

Just watch the ears. actually Im giving you a 3rd shadow boxing curse. Your suffering hasnt reached limit

>>12772018
every product at dollar tree is poison vinyl and rancid off label meats. Only hipsters shop there. Real poor people go to Vallarta and Walmart

>>12772070
T-thats ok
You keep da money

>>12771484
The Big Lebowski

or Tron: The Big Lebowski 2, this time with Daftpunk

or Wall Street (another movie with another SHEEN)

>>12772080
also: dollar tree dropped 60% in 2008, even worse than the majority of Dividend stocks. Lol so safe

>>12772080
>every product at dollar tree is poison vinyl and rancid off label meats
>also: dollar tree dropped 60% in 2008, even worse than the majority of Dividend stocks.
Dollar Tree recovered by January 2009, which is a lot better than most other stocks, and the market as a whole.

>>12772070
>Vystar

Actually a pretty good bank from my experience

>>12772049
Thanks for the advice. Didn’t think about consumer goods.

>64.5 hours

>>12772080
>California

gross

>>12772214
Whats wrong with California?

>>12772228
What isn't?

>>12771444
>VTGN
I've lost 10% in the past several days from them.
Same goes for REFR.

>>12772228
California is a shithole that keeps exporting retards to my rural state.
Really makes you think when all the rich whites are leaving

Convince me not to buy J&J
>Consumer goods
>pharmaceuticals
>Probable FDA approval of new antidepressant

Also, do any of you fucks even look at balance sheets and FTC filings, or just TA?

>>12772237
The weather.. the activities.. the females.. the beaches.. the mountains.. the deserts... the wine country.. the entertainment...

Sure.. you've got beaners.. but if you look past all that... it's actually a nice state and thats why so many people from around the globe move here

>>12772228
High cost of living, drought, liberals, Hollywood
Also a lot of people there are rude and snobby, from my experience
And Florida has better beaches

>>12772249
>keeps exporting retards to my rural state.
yeah... retards seem to find common ground

>>12772252
>the homeless
>the druggies
>the liberals
>the high taxes
>the niggers
Yeah sounds great

>>12772247
I'm concerned with the long term promise of their pipeline, not short term price action
If you aren't holding it for that reason, I would recommend cutting losses/taking profits whenever it goes back up again

>>12772261
we're out of the drought now tho...

>Also a lot of people there are rude and snobby
yeah.. i know what you mean.. when i go to other states i find it strange how friendly strangers are

>>12772273
let me guess.. you're from a fly over state that the most exciting thing to do is go bowling

>>12772276
What do you consider long term?

>>12772290
Yes, it's terribly boring. There's nothing to do here, and we all fuck our cousins
Please stay out!

>>12772251
TA means nothing

I look at the name of the company, the HQ location, the number of employees, and the names of the CEO and CFO
What follows is very complex math, can't really get into it briefly

I/we do not currently have a J&J position

>>12772077
I took half of my LCI and put into GALT yesterday, I didn't want to miss out on one or the other. Ideally GALT blows soon and I can put back into LCI and ride the rest of that out.

>>12772252
southern california cities is trash. where I live, and LA/hollywood is completely destroyed beyond repair. In the past 10 years the current city I live in is now completely overrun with Koreans and Vietnamese, I cant even speak to the employees at the shops around here. Its like 90% koreans and Vietnamese lol. Theyre taking photos of every little tree leaf because they are spies

>>12772290
Kansas. Pretty chill state.

>>12772126
Yes, but people were shocked in 2009-11 the dollar tree did so well. Everyone was talking about it facepalming themselves half to death for not seeing it coming. The same should not happen again.

>>12772312
>What follows is very complex math, can't really get into it briefly
based and high IQ

We don't need a wall with Mexico, we need a wall with California. STAY OUT OF MY STATE REEEEEEE

>53 percent of Californians want to leave the state, according to new survey
https://www.sfgate.com/expensive-san-francisco/article/move-out-of-bay-area-california-where-to-go-cost-13614119.php

hmmmmmmmmm

>California Exodus: Study says more people leaving state than moving here
http://www.ktvu.com/news/ktvu-local-news/california-exodus-study-says-more-people-leaving-state-than-moving-here

>Californians fed up with housing costs and taxes are fleeing state in big numbers
https://www.cnbc.com/2018/03/19/californians-fed-up-with-housing-costs-and-taxes-are-fleeing-state.html

>Californians keep asking Google, ‘Should I move out?’
https://sf.curbed.com/2018/12/18/18145413/california-google-should-i-move-out-leave-state

>Californians Doing The Once-Unthinkable: Leaving California
https://www.investors.com/politics/editorials/californians-doing-the-once-unthinkable-leaving-california/

>>12772325
>Kansas. Pretty chill state.
funny you say Kansas.. i was just looking into kansas for a homestead.. looks like theres a lot of places that they are giving away land if you plan on building a house..

What industries does kansas have? Whats the taxes like?

Do you see Kansas having any type of economic growth in the next 10 years?

>>12772269
> uses the term flyover state to make himself feel better about his rent, taxes, lack of personal freedom and being surrounded by the blacks

>>12772312
>TA means nothing
Yet it's what people in these threads seem to post a lot of, which is why I brought it up.

>>12772351
>californian leaves his shit state to ruin Kansas
Imagine my shock

>>12772298
Years, though I may not necessarily hold that long
I choose which biotech companies to buy based on how solid the science supporting their drugs is, and usually only use technicals to time an entry point

>>12772321
I live in san bernardino county.. so i've got a lot of Sand Beaners and negros... but also asians.. as much as i hate it.. i love it.. I can snowboard, surf, and dirt bike all in the same day..

>>12772351
>Do you see Kansas having any type of economic growth in the next 10 years?
Lol, you have to make your own opportunity through ingenuity and hard work. Californians need not apply.

>>12772321
I take classes in Korea Town.
They have nice little coffee shops to study at, and don't walk in the middle of traffic like assholes. So I can't complain, really.

What dividend stocks are you guys in? Personally I'm looking at GIS.

>>12772363
theres a lot of conservatives that are getting tired of the liberals in california... The people that make the state shit are beaners and niggers.... and i'm not talking about race.. i'm talking about the culture..

>>12772379
I'd be making money from my investments.. i'd just like to build a cool home in the middle of no where and live for a year or two

>>12772251
VTGN's main drug, AV-101, functions in a very similar way to esketamine (it inhibits the NMDA pathway instead of blocking it completely, which seems to produce the same clinical efficacy with fewer side effects), and is also orally administered, unlike esketamine

>>12772396
yeah.. i'd rather be in a town full of asians than a town full of beaners and niggers anyday...

>>12772328
Its a great stock, but It looks better to buy after the dip rather than if you think we about to head into one from a defensive standpoint

>>12772378
yeah everything about california is great but the people ruin it.Like all the great schools have been ghettofied, frequent crime, literal plague starting again in our homeless communities.

Sonomo wine country is amazing, mountain high is great, the small towns up north and ranches are great... the cities are like Hell

Have ye embraced dude weed yet?

>>12772414
Not trying to convince you not to buy JNJ, btw, just saying

>>12772351
Can't say I see it as a bright opportunity honestly. Taxes aren't bad but the state is not run competently.

Pockets of areas for every political stripe with good college towns. Manhattan or Lawrence are nice if you want that.

I like the state and was born here with family here. But it's not a great prospect for the future for now imo. It's not terrible either. It just kinda is.

And only Western Kansas is a pancake.

>>12772405
>I'd be making money from my investments.. i'd just like to build a cool home in the middle of no where and live for a year or two
As someone who lives in an $80k 1800 sqft house in rural OR living off of divs and a part time job while trading stocks I can tell you it is fucking nice.

>>12772422
Sonoma the only place I've been in California. Nice area, friendly people. The mountainous parts are probably very nice if not overrun with people.

>>12772425
no dude weed for me. Enough opportunities to do my thing in other areas of the market. Same with NFLX or TSLA; no matter what you think, the market will be unpredictable.
Don't FOMO into the meme parts of the market. Find sectors and instruments you can understand, and play your game.
That being said I/we are long MO. Sold out of AMRS after the pump. Made a couple percent overnight on ACB earnings.

>>12772444
How many people in your house? I live alone in a 4 bedroom and never go upstairs... does 1800 include a developed basement or garage space?

>>12772422
>Sonomo wine country is amazing, mountain high is great, the small towns up north and ranches are great... the cities are like Hell
Theres some really nice areas in northern california.. sacramento fucking sucks though and everything around it.. worse than southern california imo

>>12772437
whats a gallon of gas going for right now in kansas?

>>12772444
That sounds real comfy

>>12772426
>>12772414
Thanks bud, good to know.
Esketamine was a big draw for me but from talking to psychiatrists and now hearing about this it might wind up as a big flop.

Still, I'd bet on it being approved, so maybe it's a good short term bet.

Also they seemed to take a hit from the Talc shit and I think that should blow over. Maybe?

>>12772444
>in rural OR
How much sun would you say you get?

>>12772479
Two and a half bucks. If you just want something quiet for a while then the Midwest is great.

>>12772425
Dude weed fucked me all week. If I hadn't bought any I'd be up 900 right now instead of down 400.

>>12772491
Talc thing already blew over/potential settlement is priced in.
If you have a reasonable prediction that the settlement will be surprisingly small or large then trade based off of it, otherwise don't

>>12772479
Sacramento might just be the worst City in the worst State

>>12772470
Just me. I didn't choose the place by size of the house, it was size and location of the lot combined with price. I'm about 25 miles away from the nearest town with multiple stop lights and half a mile from the nearest neighbor. No garage in count, 2 bedroom lodge style so lots of large open spaces on the main floor.
>>12772495
Pretty decent amount, I'm southern so practically northern cuntifornia. Then again before here I've only ever lived in the Portland and Seattle areas so a lot of sun for me may not be the same for others.

>>12772523
good point
thanks

>>12772251
>Also, do any of you fucks even look at balance sheets and FTC filings, or just TA?

Well there was the asbestos in baby powder thing late last year. That has probably already run its course on share price though.

I do both. Maybe more FA than standard for swing trading as i have been caught unaware by financial troubles while i was in a trade before. Halt in to bad news release in to gap down ain't no fun. Especially if the gap goes well below where your stop loss is set. The opposite scenario, stock falls on company with good earnings and medium term outlook, requieres some FA to figure out how much of the drop was reasonable, how much was panic. Coke, for instance, took a harder hit on the report from Commerce Department about alleged poor retail performance in December than i think was warranted. As it fell fairly close to a key support, i bought in late Friday and will average down to said support (if it continues to fall) where my stop loss is set. GOOS is another i plan to dip buy soon. Support situation on that one is more questionable. It could keep dropping for another few days.

>>12771870
it's a technical trade, not an investment in fundamentals. pic related is a technical trade i made this year on a shale oil company.

>>12771903
no, not at all. it's purely technical. shale is gonna be stuck low for a long while i thnk.

>>12770991
>AGRX

I refuse to invest in any company that develops contraceptives for personal (not religious) reasons

I'll buy SCYX

>>12772680
>>12772694

Not to be a jerk, but I don't see anything technically advanced in trading something that directly tracked the market and crude oil prices.
There are dozens or hundreds of equities that show basically that exact same graph.
There were fundamental reasons why prices of gas and equities moved in those directions, there are fundamental reasons why we shouldn't expect significant upside for them in the near future.
That said, if you are correct, congrats! But we aren't on Dec24 dip right now (not yet). Much love

>>12771985
>>12772049
++cash and alcohol

>>12770991
Got NVAX. Thanks to those 2 drugs they got in the works if all goes good I'm gonna be doing just fine.

>>12772727
Good alcohol stock? I know Brown Forman and Diageo (sp?) are public. Kinda antsy on beer companies due to reliance on aluminum

>>12772663
Now this reads like i thought Coke's earnings were good and they dropped because of the retail shitpost. That wasn't what i meant. Coke was affected by the retail thing to a degree, but mainly fell due to "soft" guidance. Even so, nearly 10% in two days was way too much for that stock.

GOOS was the one to take the brunt of the retail shitpost. They beat earnings and increased guidance for future. The shitpost + pretty high P/E for a clothing company was the kicker.

>>12772663
>>12772771
What do you think is the "support" level for coke?
This is one I was looking at as well, and wonder if it is as relevant these days as more and more people regard soft drinks as an unnecessary evil and cut them out of their lives. The literal boomers that grew up with coke are going to be told by their doctors to get off the stuff, and the millennials and zoomers seem to be more health conscious and veering away from snack food and colas.

Is it an underpromise/overdeliver situation, or are they really losing their place in the discretionary budget of consumers?

vtsax

>>12772768
Read some recent articles about how sizeable amounts of younger alcohol buyers are going for more spirits (liquor) compared to beer. Like a pretty sizeable swing over the past year (that wasn't priced in), one of the reasons DEO beat earnings and has been doing really well.
The cited reason is because you can get drunk with fewer calories. Anecdotally I can confirm, but I still grab a beer or 12 every once in a while.

There may be some movement downward with increasing marijuana legalization (and other rec drug legalization in the future). I'd see the downward movement as a buying opportunity. Just like cigarette companies, just like soda companies, these products print money year after year. Be smart when you buy in and it's all good.

But beer and/or spirit companies have the potential to be good buys. I don't have any specific stocks or analysis to share beyond the above.

>>12772839
We've know soda (sugar, HFCS) are not healthy for the past decade. As long as they remain cheap, I don't see any threat. Coke sales still growing even with large taxes in certain cities. Biggest threat is government regulation or taxation. The only way I see such intense gov't action that it effects soda sales is if they go nuts everywhere else (attack meat and tobacco industries as well, throw in cars and airplanes while we are at it). Unlikely enough that I'm not pricing it in.

My picks for this week are Aimmune Therapuetics (potential for runaway evaluation) and BioCryst Pharmaceuticals (fucking 92% institutional ownership and a catalyst).

OY M8 YOU EVER WANT TO OWN AN AUZZIE BANK?
U FUKIN WANT TO FINANCE A KANGAROO BROTHEL?
U FUKIN WANT TO HAVE AN ABBO SH00TIN RAANGE?
BUY ANZBY NOW M8, YA FAT CUNT

IIPR getting moved to S&P small cap 600 this week, feel power of dude weed going mainstream

>>12773278
I bought 10 shares at the tippy top, making my average 66.96.
Should I just unload them as soon as they get back up and then buy on the dip?

But I really hope dude weed does well next week so I can dump by ACB bags

>>12773311
Hold both

>>12773349
Nah I gotta free my buying power for LPTX

>>12773354
No, hold or regret

>>12772005
LCI DOUBTERS BTFO

>Up $8 Million - $LCI Short Squeeze ***UPDATE***
https://www.youtube.com/watch?v=nhsQo2EbPmY

>>12773364
Dude weed won't 10x in the next 6 months. Eventually I'll buy back in, maybe.

>>12772839
>What do you think is the "support" level for coke?

The one I'm basing my trade off is the double bottom from August/October 2018 at $44.25 / 44.39. If that doesn't hold, KO could fall further down to the long term trend line at $43.30-ish. Also, daily RSI is right on the edge of oversold territory now.

GPRO gpro, gogogopro, a go go gopro
goga goproganin
gopro gopro! gogo-goproganin!

so many fucking tax forms

>>12773427
I have about 5% of my portfolio in LPTX.
It feels like gambling - the big insider purchases are nice and apparently analysts have a target price of nearly 10x, but I wonder what the actual odds are that it will succeed.
If I put about 30% of my portfolio into LPTX and it went up nearly 10x I could retire...

>>12773638
I have about 20% right now.
>Last 2 weeks
>Insiders bought over 1.5 million in shares
>Healthcare Ventures bought shares bringing its ownership to 34%
>Valence Helix disclosed 10.99% ownership

Merck, Pfizer, and Eli Lilly all bought shares when it was over $7

I researched the CEO a bunch (only a 25 minute drive from my house) and he's definitely not the pump-dump, cash out and retire type either.

>>12773496
>using a proven statistically unreliable indicator
Yikesss

>>12773763

What? RSI?

>>12773763
RSI am fine if you no mind bag holding for half a year

>>12772425
I'm down 20 % on my dude weed play and it's just under a third of my portfolio. I'm convinced I'll still be able to walk away with profit though. At one point I was down 60% and at that point all you can really do is laugh.

>>12773781
why is that girl peeing in her uniform
that's gross

>>12773986
did you learn anything from the experience

>>12773995
Have you already chimed in on LPTX? Not convinced it will be a big mover, or just not interested because you're not looking to change your current allocations?

>>12773995
in war when you gotta go, you gotta go

>>12774075
I have no opinion on it, desu
I don't even know what diseases they're trying to develop treatments for

>mfw I bought two lottery tickets
>mfw I'm going to be a millionaire in a few hours
I'll buy out REFR

>>12774125
In case you have nothing better to do:
https://www.leaptx.com/
>Our monoclonal antibodies are designed to target key cellular pathways that enable cancer to grow and proliferate, known as cancer cell signaling, and pathways that help the body’s immune system to identify and treat cancer.
>Therapies targeting cancer cell signaling and T cells offer new options for patients with cancer. We are committed to making a difference in the lives of cancer patients.
https://www.leaptx.com/our-pipeline
https://www.leaptx.com/science

>could GE be the next millionaire maker?
Clickbait titles like this should be banned

>>12773986
>At one point I was down 60% and at that point all you can really do is laugh.

oh fergodsakes anon use a stop loss

>>12774263
stop losses are how you get kicked out of positions by whales who ask the brokers where all the stops are. they push down the price, then use your sell orders to buy cheaply.

>>12774275

Would you rather get bumped out early and lose a couple percent worth of leverage before you can buy back in, or eat -60% because you're paranoid?

>>12774275
forr something like daytrading SPX futures, or forex, or highly in play stock this am true
but for most stocks its really not profitable enough for stop hunting

>>12774285
personally, I don't mind being temporarily in the red as long as I'm confident my position will come back eventually

see >>12771337 for what my all time returns look like now (I started on June 21st, 2018)

>>12772397

I think IPL is a solid dividend for the next quarter anyways. Not sure super long term, I'd keep an eye on oil and gasprices while you hold. I'll prob invest 5-10k on Tuesday. Just reported their earnings which was decent to me but didn't move the price much.

>>12771337
kek
GPRO has seen 11% more recovery than GALT
maybe you should have take GPRO

....
...
...

GPRO!!!!

>>12774318
that's my portfolio, not GALT
my portfolio wasn't always 100% GALT
in terms of percentages, the distance between GALT and GPRO's recent bottoms and current prices is about the same
still good for both, tho

How much money do you actually have in GPRO, btw
I feel like most of your money is allocated to daytrading SPY

Post a chart of your holdings by industry sector

>>12774154
at the very least, it's always interesting to read about a new biotech company

>>12774370

>>12774350
me have enough shares it not kosher for say X_X
but that not how daytrading SPY works

they give me margin based on how big portfolio am
me can hold GPRO and trade with money = GPRO at same time on margin

if me was for be margin called, would have sell some GPRO too make up for difference

>markets closed so you daytrade crypto

It's actually taught me to be a better trader. Each shitcoin is like a microcosm of a peak volatility market. It helps a lot intuiting candle chart movement.

when Santa Clause start

>>12774511
Google drive is being dumb, movie should start around 9:15
(also not Santa clawse)

>>12774154
It sounds too good to be true.

>>12774492
intredasting to see how that side of the stock world works

>>12774526
going to be watching anime instead of attending movie night

>>12774558
Oh no

>>12774558
>tfw watching princess tutu, Gurren Lagan, & EVE with sweetheart rn
feels good

>>12774598
good taste and good gf
I'm currently watching Monster and Naruto (rewatching it after a number of years both because of rkg posting about it and nostalgia)

>>12774572
I know you're going to miss me, but I'm sure there will be other people there to make you cry and filter them with lighthearted banter

>>12774637
filtered

>>12774541
Did some reading, but info is hard to come by. Sounds like their current trial is focused around slowing the growth of later stage prostate cancer, specifically the type that doesn't need T to thrive. I can't find any info on how big that specific market is and there's no hope as far as I can tell of figuring out how many people would actually be put on this drug but the potential is gigantic. Prostate cancer is something like 12% of all men deal with at some point. It's very early and seems like a huge gamble, but that's why there probably is a 10x upside someday because it's early and risky. I may be wrong, this is only about 20 minutes worth of googling and reading so who knows. I may throw a couple hundred in just to encourage me to keep an eye on things.

>>12774662

>>12773384
easiest trade for 2019 so far.. it could possibly go over $30..

>>12774694
Yeah, I'd like to think so but I've been sold this line before. I remember when NVAX was going to cure infant and senior respiratory disease and kill the flu a the same time. Now four years later we're just sitting here 75% down hoping that something happens.

>>12774709
The shorts are still trying god bless their black, decrepit hearts.

>>12774793
i hope they keep trying.. i don't want to leave the stock until $30 or less than 20% short interest..

>>12770011
Imagine something breaking DOWN. Hahahhaahahaha. Good luck tho.

My co worker started talking to me about buying shares and getting into the stock market. I’m only 19 and he says I should start investing now that I’m young. He says to do my research and watch the news and all that stuff. One piece of advice he gave me was to invest in lithium batteries because I live in California and soon we’re going to use recyclable energy and etc. i also plan on spending 100-200 on a company just to start out but I don’t know what else to invest in or how to make a quick buck. He did tell me about day trading or something.

So I need to ask here because it's late in Burgerland and I can't call my bank. Is Robinhood safe to use? I stopped at the part where it asked me to give them my bank website login info.

>>12774709
>over $30
There is no way a pharma company with a gross profit of 200-300k is getting valued at 1 billion dollars

>>12775284
Yes, it's federally insured.

>>12775293
Good, all I need to know, thanks.

>>12775231
When you only have 100-200 bucks you should really be in the stock market for learning purposes. It takes money to earn money, and even if you make an impossible 1000% return that's only 1000 bucks, which is nothing.

On the other hand, knowing how the markets work is invaluable. That way, when you're older/richer, you can make good investments with larger sums of cash.

>>12772334
They need to help Trump to flip Texas, Arizona and Florida blue, though. After all, they ruined their state with their policies, why would they stay there?

In all actuality though if you're white stop begging for Californians to stop ruining your country, get out of the US. It's a non-white country now.

>>12773496
I'm using the 44.39 as my price floor. I see the momentum turning around before then though desu.

INDEX FUNDS RISE UP LETS GO BROS KEEP BUYING

>>12775493
Without Cali's economy the US would be fucked

>>12775679
The US is already fucked.

>>12776571
>The US is already fucked.

>>12777159
>implying in someway somehow, the US isnt already fucked

aaaaaaaaaaaaaa still two (2) days until NYSE

I'm confused on robinhood gold. It says "Try it a month for free", how does that work? If i make money off of the 2k then cancel it does it take away the money i made with that 2k along with it? Also if i lose money do they fuck me?

>>12777276
no to the first
not really to the second

so lets say you have 2k and they loan you 2k. in a month you have 3.5k total, you lost 500 hundred like an idiot. you just need to sell stock until you have 2k to pay them back (or continue to pay monthly for gold, but they might reduce your margin account if you lose too much).
If you end the month at 4.5k, you would need to sell until you have 2k cash to give them their 2k back to close the gold/margin part of the account.

it should all be explained in the FAQ. It's just a loan, the only complex parts are if your tier gets forcibly downsized because of losses. to close the loan you just pay them back in cash.

How to get margin in Australia?

>>12777303
I might get it just so i can day trade.

What Biotech stock you lads are holding?

>>12777335
nggr

trying to figure out the cure to the bl*ck race

>>12777335
GALT

>>12777315
I haven't used it yet.
My goal is to get to 25K in my RH account so I can daytrade, and only activate the margin if we have another decline to levels we saw in December. I could always send a few thousand more from my bank account, but I'm being patient.
If I activate margin now I know I'll make more money in the short term but I'll end up over-buying because I'm impulsive.

>>12777335
SGMO and about half the other ones mentioned in this thread. I fall easily for the shilling here. In total maybe 10

>>12777347
I hold NOG, always chuckle when I see it

>>12775285

You're right. That valuation would be insane.

Except that LCI had gross profit of $70 million just in the last quarter.

THREAD THEME

https://www.youtube.com/watch?v=RLxSUKA--Dg

>>12777159
Ah yes I forgot that because Amazon made one billion more dollars than they did last year that doesn't mean that the quality of life for the rest of us hasn't tanked.

>>12775493
Florida is divided into 3 areas culturally

Northern Florida = the south
Central Florida = rich old people
Southern Florida = city fucks, Miami, and hispanics

Most democratic votes in FL come from Central and Southern Florida
Central has both dems and reps, South is largely democratic, and North is largely republican

>>12777547
South Florida used to be a lot more republican as well when it was majority Cuban. Eased immigration brought in a bunch of far left south/central Americans looking for handouts. This is the democrat playbook for the rest of the countries future but with different ethnic groups.

Crypto is basically a scam at this point, right?

>>12777744
Duh
It’s basically just a day trading fantasy league now. I still make money (lost some this weekend though after being up)

>>12777744
>at this point

depends. back-end crypto technologies like whatever JP Morgan is doing are probably going to have a large place in the future of finance.

'coins' from 5-10 years ago probably not. they will still be around, maybe they have another pump in them, but I see the actual real-life uses coming from institutional development (or buyout). Won't happen organically/open source as crypto people hope

>>12777744
Blockchain tech is useful but crypto as we know it is worthless. Everyone who wants blockchain will develop their own so they're in control of it. Existing coins as we know it will all die except for maybe a few that will be traded on speculation alone.

The apex/fortnite viewer curve is about to invert. Sell EA.

>>12778430
Pools closed bud.

>>12778430
That was quick.

anybody here ever just smoke weed and stay in bed all day? Think thats what i'm about to do today

>>12778733
I would if I could but it's not legal in my state and I'm too autistic to find a dealer

>>12778733
I don't really smoke anymore at all. I miss psychedelics though

I'm cleaning behind my fridge and stove today, maybe doing some cabinetry work.

If I'm really on my game I'll be rearing out some of the drop ceiling in my basement as well. Already went shopping, forgot yogurt.

You shouldn't smoke weed and stay in bed all day

>>12778733
thats ganna be a YIKES from me dawg

why waste your life away

>>12778733
I just got back from church, I'll study biology, go over to a grils house then come back the read with my kot
STOP BEING A DEGENERATE

>Tfw spending my entire tax return on a trip with bf.
At least he'll have a high paying job soon.
Ha
Ha
Ha

>>12778769
I don't normally smoke weed either.. but i have a lot of it laying around and have nothing to do today.

It's always nice to get things done.. feels good.. i think i might actually go finish up some things in the garden

>>12778765
no nearby states either?

>>12778790
>why waste your life away
>4chan
as if we aren't already half way there

>>12778790
>I should actually go to church today something deep down has been telling me to

>>12778733
>investing $8000 in weed stocks
>ive never smoked weed
I’m such a square.

>>12778801
>church

Fuck I wish I could be simple enough to find religion. I’d be so much happier.

It’s impossible though at this point. it’s like trying to reconvince yourself that Santa Claus is real (incidentally, I stopped believing in God before I stopped believing in Santa)

>>12769854

>>12778998
but.. usually futures market opens sunday night...

>>12778998
Sunday's are the day of the Lord, seek not for things of this Earth on the Sabbath!

>>12778992
I always knew Santa wasn't real but God is more plausible than Santa at this point.

>>12778992
>I stopped believing in God before I stopped believing in Santa
The older I get the more I believe in God.

With people banning plastic straws which company makes paper straws or metal ones?

>>12779285
yo I never used a straw not in my life
drink from a cup like a man

also buy the whole trend: increase exposure to aluminum/stainless steel companies, decrease exposure to plastics companies (if you think there will be more of a shift to durable, re-usable products)
I/we are underweight on straw production and technology across the board

>>12779341
Invest in aluminum straws and then invest in alzheimers research.

>>12779367
Isn't Alzheimer's getting btfo by anti herpes meds now?

do wsb and smg communities overlap?

>>12779524
No

>>12772470
AMRS isn't a weed stock and the pump has only just begun.

>>12779086
It was generally because with Santa nobody was telling me ignore empirical truth and fact. When I learned about propulsion nobody outside of school chimed in and was like "yeah but that's not true because Santa can be at every house on Earth in a single day", they just said "well, he's magic".

>>12769854
interest rates are going up, buy reits. Real estate won't crash as hard as some think, millenials still haven't even bought in yet

>>12779539
t. sec

>>12769854
boomers are so dumb on cnbc, talking about snapchat like it's a horrible buy at $5, they love facebook at $200 though. Will snapchat's user base shrink or grow?

>>12779142
Don't you think that's just a subconscious response to your impending death?

I thought I would grow out of my "edgy atheist" shtick after I exited my teens, but its only gotten stronger since. I swear I'm gonna be on my deathbed makin my grandchildren hella uncomfortable with my screams of "make me immortal already you faggots"

>>12779594
I'd love to see a failed empire subvert elections via snaps.

>>12779629
>Don't you think that's just a subconscious response to your impending death
I've already died a few times and have come back to life.. which is one of the reasons why I believe more and more in God..

>makin my grandchildren hella uncomfortable with my screams of "make me immortal already you faggots"
you just made me cringe.. good job.. you're starting early

>>12779648
>I've already died a few times and have come back to life.. which is one of the reasons why I believe more and more in God..

Can you see ghosts now or something?

>>12779661
>Can you see ghosts now or something?
no...

>BA has now netted me a 200% return in 3ish years
>LMT is still going strong, back on the rise again, dividend is strong as ever

I really should have just went all in with the defense industry, tech stocks were a waste after the volatile pumps

>>12778733
thats like how i spend half my days

>>12778801
not a bad day

>wake up, bong rips
>shower and get dressed, go to church
>get home
>nap for a half hour
>study some mechanics of materials for tomorrows test
>a friend of mine is inviting me to go smoke weed with her and some gal she knows from college, since we are going to the ghetto, and her boyfriend doesnt smoke weed, so she wants me to go with her instead
>fucking free weed, but only if i hang out with a couple girls? yes please
>50/50 chance her and i will fugg today, if not we certainly will tomorrow morning when i stop by to chill/smoke for 3 hours before class starts (since her bf will be gone in the morning...)
>bonus: the friend her and i are going to meet is single, no idea what she looks like though, so maybe i wont be single too much longer

>>12778801
>STOP BEING A DEGENERATE
but sometimes it is the only way

>fugged 3 different girls in the past month (after a yearlong+ drystreak)
>they all have bf's or husbands though
I dont want to be a degenerate, but its impossible to find a single gal who isnt dumpsterfire-tier
also apperently i only attract people who already are in a relationship, not single girls

to be honest, i miss the cuddling and waking up next to someone more than i miss the actual act of secks. i can jerk off my dick, but i cant jerk off my heart :'(

I just want a steady girlfriend who i wont feel guilty about when i cum inside of her pussy
I just want a girl who sticks around after the second or third fuck of the evening
I just want a girl who likes me for more than my dikk

>>12779661
A few months after my younger brother died I was driving to a football game. As I was going along I see in mind white text with a black background. The text was '38-14'. This was so different of a thought that I was stunned when it happened. Like it was forced on me for a moment.

What do you think the final score of the game ended up being?

I like to believe it was him but no way to know. Upntil that point I bought the standard belief that the mind is a phenomenon of the brain. Now I know that's not entirely accurate and that something is going on under the hood we don't understand.

TRADE DEAL IS DEAD. BLACK TUESDAY. THIS WILL GO DOWN IN HISTORY. CIRCUIT BREAKERS WILL BE TRIPPED. SELL EVERYTHING.

https://www.bbc.com/news/business-47248644

>>12779804
welp, it's all ogre now

>>12779804
Good day to be holding weed stocks

>>12779802
Quantum entanglement https://en.wikipedia.org/wiki/Quantum_entanglement
It's a quantum physics thing. Typically I don't like quantum physics things (esp multiverse) because it's become religion/magic for pseudo-intellectuals.

Basically they've done stuff where if you take 2 groups of people and have them guess stuff, then take one group and show them the correct answers, then that group will have scored statistically higher than the group that was not shown the answers after the test.
Apparently our perception of time isn't strictly linear.

I've had plenty of instances where I've gotten really into a subject or something and then the very day there's some massive news event regarding that subject.
In 2014 I wrote down on a whiteboard in my room "mine bitcoin this summer" for no apparent
reason.

>>12779872
Why?

>>12779866

I've seen enough bdsm porn to know those are NOT intended for hanging your hat.

>>12778820
>no nearby states either?

Closest state is MA and that's a 5 hour drive for me one way, not really worth it desu.

Okay so what's the deal here? Never traded stocks before, only crypto, how do you guys make money? Stocks, options, daytrading, leverage, certain kind of stocks?

>>12779929
Yes, I've had a lot of synchronicity events but this one was the most specific and evidential. It wasn't just a latent mind thing.

It's just an event that keeps the mind open. I don't find the thought of a creative God that works in subtleties to be all that far fetched.

>>12780000

Nice numbers. That's good. You're lucky. That will help.

High risk high reward strategies involve identifying bubbles; 2017 battery metals, 2016 to present dude weed. Options trading.

Medium risk is trading leveraged ETFs and medium to large cap growth stocks.

Low risk is non-leveraged index ETFs, blue chips with good dividends, going long on consumer non-cyclicals preferably with good dividends, bonds. Main idea here is compounding interest over an extended period of time.

>>12780000
Fuck off retard

>>12779804
Did you read the article? Cause if you did you would know that this is nothing and that negotiations are still ongoing with the President signalling that he may continue to delay tariffs. This will knock us back a couple percent but will amount to nothing.

New thread:
>>12780114
>>12780114
>>12780114

>>12780064
Thanks mate, that's what I was looking for

>>12779929
it's a little known fact of our world that the universe isn't a completely coherent place.
what zizek says about quantum physics here is my favorite commentary on this
https://www.youtube.com/watch?v=33kAMeHVzBA

>>12780295
>little known fact of our world that the universe isn't a completely coherent place

That's the kind of smug bullshit that makes me hate quantum physics. Whenever someone says this shit I feel like I'm watching an episode of The Big Bang Theory or Family Guy.

I'll bet my dick that the universe is coherent but we just can't see it objectively. Why would anybody assume that a form of mathematics based on the number of phalanges that a random carbon-based organism on a random planet have and an astronomy based on the 5 senses said random carbon-based organism possesses, is the absolute correct and foolproof way of determining the complete and total reality that the known universe exists in?

>>12780366
Actually it's a line I adopted from a twilight zone episode that may or may not have aired.

>Why would anybody assume that a form of mathematics based on the number of phalanges that a random carbon-based organism on a random planet have and an astronomy based on the 5 senses said random carbon-based organism possesses
To a great extent modern physics isn't dependent on base ten numbers, nor is it dependent on just what we physically can sense. Hence we're able to detect gravity waves and higgs bozon, ect.

People have been using all kinds of unintuitive methods of reasoning and understanding since the demise of euclidian geometry to understand our universe. It's not that these methods of understanding do not work, they do, it's simply the case that there is no way we are able to coherently piece together all of the different descriptions of physical phenomena. I don't think we ever will find a way to reconcile gravity and quantum physics, but even if we do, the fundamental stochasticity and non-local action implicit in the quantum model, which we are pretty certain exists, means that there will always be some things we cannot explain beyond. There's a limit to how we can reduce things, and to some extent this randomness also undermines our more generalized descriptions of the larger world. For example, the second law of thermodynamics can occasionally be broken by pure chance, that once in a very long while things will become more orderly, not less.