/biz/ - Business & Finance

FIRST FOR MARKET PLUNGE

fuck the economy

I'M ABOUT TO ALL IN 10/4 PUTS ON FUCKING EVERYTHING, CONVINCE ME NOT TO

>>15738774
that strategy doesn't pay dividends

Sup Brance?
>>15738764

>>15738799
nothin, just making a shitload of money holding SQQQ because I called this last week.

There's no fucking volume though
..... Financials are doing surprisingly well too. Smart money is still sitting on their hands.

>>15738759
short the market pussy niggy

>>15738759

>head and shoulders pattern
>rising wedge

The technicals are there to back it up, but we all know that the market is dictated by headlines and algos, plus some whales in managed funds.

What would push it over the edge is the same thing that happened back in May: a breakdown in trade talks. The market has already priced in easing conditions from the Fed.

If we got a repeat of October-December 2018 I'd be a happy man.

>>15738842
my broker doesn't allow puts, I just filled out the app to do it today. I am holding a 3x leveraged bear ETF with 100% of my port, best I can do.

>>15738843
>techniggys

>>15738740
>feet edition
I'll pass on this one. See you in the next thread.

according to my models we entered a bear market on september 24 2019

>>15738820
but its a shop though... post usd amount of the position

>>15738879
According to my models, cocaine is fun and gymshark leggings are just really comfortable.

>>15738889
according to my cocaine, models are fun

>>15738740

>>15738903
>>15738889
According to my fun, models and cocaine.

>>15738903
This is a very leddit meme.

So what models?

>>15738864
remember this moment when your account blows up

>>15738870

That's a really short term chart.

>>15738926
just look at the charts and everything. I wrote it down on a piece of paper a while ago so it's a sure thing

>>15738843
bearish div on RSI too. It's happening.

>TA
Why doesn't anyone here read the tape?

>>15738864
>shorting the S&P 500
>using 3x leverage
>no diversification
>no cash position
I bought like 20 shares of sqqq, but what you’re doing is absurd.

Make the pain stop

>>15738950
I literally didn't write in pen and paper in years you freak.

>>15738966
I know it is. I'm a madman.

>>15738980
post the position in usd or obvious shop

have 1k just sitting in my ira....good high yield low expense div etf to throw it in and forget about for 30 years? maybe an reit?

Dont let the bears fool you. This is short term. Shit will blow over next week and trade talks gonna go fine and full recovery +.

>>15739011
buy $T

>>15739011
VNQ and VPU

>LMT pullback
>1 billion dollar share buyback
Fuck! Why is no one talking about this!

It’s scary though, Turkey is fucking shit up.

>>15739011
Probably SPLV after we get a dip. Maybe just set a limit buy for August lows and pray we get a pullback.

>>15739033
checked...50/50 or all in one in particular?

>dat CLOU and MTUM dip

Sinply epic

>>15738928
probably right.

THREADLY REMINDER THAT DIVIDENDS ARE YOUR FREN

>gold back over 1500
Crash averted

>>15739053
Diversification is the name of the game in IRAs so i'd go 50/50

VIX is popping up again. It's either gonna break into the 20s soon or collapse back down to the 13s again when Trump/Mnuchin either stokes fear or calms the market with a direct confirmation or denial about limiting Chinese investment.

>>15738966

Absurdity is how you either lose your shirt or become rich.

If you have enough capital, all you need to do is get ONE x2, x3 or x4 return on investment and you're set for the next decade or two.

>>15739111
Buy puts now or you will regret

>>15738928
I'm prolly about to sell. I bought at 30.80 or so, I've got a 10% gain on my entire port in 8 days.

I do believe it's going to plunge mre, but meh. I'll take it.

Theres like no volume today

>>15739049
Buyback bad? They just got new contracts.

>>15739151
stop the larp loser

>>15739165
U stp

>mfw waiting for an October drop before buy anything again

https://www.elitetrader.com/et/threads/do-trendlines-work.47536/

someone read this 163 page thread and give me the tl;dr

heres what I think of your low volume friday red day

>>15739159
This, it's *abnormally* low. Always take the same side of the trade as smart money, and today they're not even in the markets.

>>15739234
>today
Did.... ummm... no... did... did they leave?...

>>15739234
Waiting for the demofaggot shit show to subside.

>>15739196
Yeah, October will probably be a few times more crazy than what we have experienced so far this year. Not to mention the trade talks even taking place in October.. can't wait

>>15739197

They partially work, but ultimately the markets are driven by headlines and data mining.

What they do is act as resistance and support for prices, but whether they actually push through or drop through is determined by headlines and hype.

Not joking either. Watch the Twitter and CNBC, Trump will try to save the market if the S&P tries to get much closer to 2900.

We know the Administration monitors this stuff, they even monitor futures when they open on Sunday.

>>15739197
Tl;dr
Maybe. Sometimes. Possibly. Potentially. Yes and no.

>>15739216
based and kaguyapilled

>>15739267
>implying we dont all monitor futures when they open
What else is there to life but chart staring and money making?

>>15739262

Don't forget Brexit induced volatility will be happening through October.

Were not going to invest in Chyna anymore

>>15739016
look at all of the completely unprofitable companies running on cheap debt and equity raises. none of this is right. sentiment is flipping.

>>15739291
>breaking news: Blombffffffffffffffppppppppfffffrtrtrtrtrt has done it again.

Finally! Having zero faith in things actually paid off for once! Thank you based bears

>>15739296
This is good point. Still good for green tho

>>15739282

It's a means to an end for me. I don't wanna do this for the rest of my life.

If I can get to 700k-1 million, I would either retire on fixed income or buy into a McDonald's franchise.

>>15739319
Y tho. With capital like that you can do all kinds of stuff. Businesses, real estate, shit it's only $10k to franchise a chick fil a

>>15739319
I hear from franchise owners that Mcdonalds sucks and its better to own a Wendies

China/US is not making a deal until trump is out of office.

>no screenshot necessary
>Buy MSFT

>>15739267
>>15739268
>They partially work, but ultimately the markets are driven by headlines and data mining.
>Maybe. Sometimes. Possibly. Potentially. Yes and no.
t-thanks

>>15739348
What kind of dank new wojak is this?

>Buy MSFT
No.

F

>>15739165
imagine being this much of a fucking loser

I knew MU was going to dump yesterday in earnings, but I didn't do anything to capitalize on it :(

They lost money with Huawei

>>15739283
Oh yeah you're right, even more shit to make October crazy

>>15739362

Make it stop!!!!

>>15739428
Based
Wojakpilled
Saved
Will spread

hyper low volume, bitcorn having a bad week -20%, pm in a free fall as expected. rates getting lower, mortgage is still 3-4% in usa while in eu near 0%. when banks start to loan negative then is a big problem, selling bonds with negative yield is not that a big deal it actually good for some countries especially if you convert taxation to simply printing instead

Why haven't you bought REFR cheapies yet?

https://seekingalpha.com/article/4293760-research-frontiers-smart-glass-potentially-smart-investment

>>15739160
buyback very good.

Company buys shares of stock, less stock on the market, supply goes down. If demand stays the same, price goes up.

Yes, new contracts

BUT ERDOKEK IS TALKING TO RUSSIA ABOUT BUYING THEIR FUCKING JETS?! THIS IS WHY THEY WERE REMOVED FROM THE FIGHTER JET PROGRAM.

I can't tell what to do here. I think they haven't gotten hit too hard by Turkey because there's hope to fix it, but if he's talking to russia about their jets, I don't know. Is the fucker trying to play both sides?

>>15739329
>>15739337

Yeah, it'll be something I'll have to investigate once I get there. I just want something that isn't going to occupy my time so I can raise a family in a rural setting.

Hell, I might even cut and run to South America or Eastern Europe.

Did everyone buy SQQQ yesterday like I told you all to?

>>15739348

Surprising that trillions of dollars worth of wealth is determined by some nuance, huh?

It's all about narratives, son. The pork belly market could collapse tomorrow if scientists came out and said that pigs are humans.

>>15739409
shop confirmed...
9/10 for effort though

>>15739374
Imagine not owning the only tech stock that both republicans and democrats like.

>>15739348
That looks like a shitty wojak

>>15739484
Russia probly has better bang for your buck and more tech transfer on those jets.

>>15739445
Not sure what you're talking about.
My portfolio is up 2% today

>>15739561
Yeah and I'm up .22% BUT ITS NOT ENOUGHU MUS GO HIER

>QQQ PUTS are up 80% in the last 2 hours hours

>>15738966
working so far!

>>15739535
>please don't eat me, anon-kun

>>15739583
O WOW IF ONLY SOMEONE HERE ON BIZ TOLD US TO DO THAT WOW

Shilling $QUAD here as someone shilled it here yesterday. Looks like some solid TA
https://www.youtube.com/watch?v=hPGn3dSrZbU

>>15739583
Thanks bud, I can also read the options tables

>>15739546

>>15739600
Spy options so expensive for things that just expire...

I'd rather just hedge with some SQQQ.
>only up 3.4%
god damn it.
barely worth it after schwab fees

>>15739617
I can't!

>>15739627
Is there wojak porn? If there is, this is probably in it.

>>15739586
>>15739600
stfu larper with your shop... imagine spending all this time faking a pic to let anons on an electronic chinese board think you have 100k in your account. truly pathetic

>>15739617
>>15739583
See

>>15738059
>>15737473


and >>15738759


I've been shilling this for the last 10 days.

>>15739588
That's a statue, though. You can't fool me!

>>15739640
There's more leverage with options if you're using them to speculate.

>>15739640
sqqq up 4.4% now

>>15739497
Eastern europe is a depressing hell hole. Move to Chile or Argentina.

>Bank of China (3988.HK) stock price briefly dropped below its IPO issue price (2.95HKD, from year 2006)

>>15739706
Your mother is a depressing hell hole.
OH! BOOM! SHOTS FIRED BTFOOOOOOOOOOOOOOOOOOOOO!!!!

AMRN gonna go sub 15?

PPT needs to do something RRREEEEE

>>15739647
yes

Guys... Do I need to panic sell my DIS?

Rapidly approaching the point where every single investment I have is red.

This fucking dumb whore of a market. I'm down like 25%. I hate myself. It's definitely all my fault.

>>15739783
>buying high
>selling low

>>15739783
hold for their streaming service debut at minimum

What the fuck is going on with fastly I'm fucking all in at $32 you motherfuckers.

>>15739812
We're breaking support, could hit stoploss city and plunge.

But if today is truly ultra low volume just small spec panic, maybe buying opportunity especially for SPLV.

MTUM and CLOU as well...

>>15739824
Glad I got distracted and never got around to buying calls like I was going to this week

WTF?
Why is the thread so slow lately?

>>15739824
lol

>>15739844
>I'm hoping NET can go down to around 17 or even God willing back to IPO

>>15739850
>>15739846
What do I do should I sell? Is it ever going to recover?

>>15739847
suicides

>>15739847
We're drinking ourselves to death from this

When is orange man getting peached

If only baggie were here..

>>15739891
Why is the left so obsessed with fruit?
>peached
>apple
>orange
>avocado

>>15739876
Why did you buy it? What changed?

>>15739627
Pathetic

>>15739824
>fastly

Stocks name literally sounds like a meme

>>15739847
headmistress tried to break my fingers
hard to type

>>15739898
Baggie... plz save us with your time traveling wisdom

>>15739876
Yes.
>Trump Twitter: Just made a great deal with Chyna. Super good. Big league. America number one.
S&P 3000 in 5 minutes

>>15739847
Bulls are on suicide watch, bears are helping tie their nooses. Red October draws closer.

LONG SPRINT

>>15739929
Fuck off stop posting bullshit

If you’re going to lie at least do it about something funny

>>15739926
Lol you the anon who said you had to explain to your wife that you lost money? Are you a house husband? Knew a woman whose husband is one while she works and seems to clearly hate her job.

>>15739926
You gotta learn to give her pleasure with those fingers. She'll take care of them if she needs them

>>15739926

>>15739940
When you say long, are you saying to get puts or calls?

>>15739943
He asked if the markets will ever recover. All it takes is one tweet to send them surging. Go put your autism away

$DIS to 118
$ULTA to 100000

>>15739960
He's saying to go for a long sprint to clear your head about the markets.

>>15739960
Calls

>>15739963
>fake tweet about tariffs on Apple
>I’m only memeing!
>fake news about trade deal
>relevant, could happen!
Nah fuck off

>>15739946
no I just get beaten when I lose a trade by my headmistress

>>15739998
>emwrgency
Tell vagina girl to give me the beatings instead. I can take it.

>>15739994
>fake tweet
Lol wtf? I didnt even post a tweet. Srs put your autism away or at least put it to good use and stare at charts like the rest of us

Holy shit stop selling AMD. It's not funny anymore

>>15740033
Back to $20 we go.

I shilled qqq puts all week and never pulled the trigger. I'm such a faggot

Let's get it

At what point do you guys sell an option? 25% profit right now and it expires mid next month.

Hate myself for thinking SQQQ was better than tvix because the “vix was too high”

Vix is never too high with Cheeto man

>>15740062
Forgot pic

>>15739980
Ahh okay that makes sense. A jog would be easier.

>>15740025
implying Id let vagina girl work as a superior in my household. If she touched me Id knock her teeth out.
Also Im sending her the smallpox virus so dont expect her to live much longer

If the market doesn't recover on monday and qqq closes below 185, we're goin to 170. Book it.

Otherwise we climb back to 190 and decide if we have a triple top breakout or another plunge from 190 to 180.

Hold SQQQ for another day at least. >>15740070

I posted a few days ago about my AMD 29 puts, super surprised they didn't expire worthless today. Sold at .5 per when amd hit 28.5, coulda made more but my blood pressure was rising too much from holding that shit.

This sell of is getting pretty fucking intense

Financials are unironically a hedge rn

>>15740093
I have 28.5/28 put credit spread. By blood pressure is through the roof.

MM RUNNING THE STOPS ON THE 6 10/4 CALLS
BUY SPRINT

>Power Hour Begins

>>15740089
>one more day
>it’s friday

>>15740086
Don’t talk about my future pet and wife that way...
You making any moves? This is brutal. Sandalwood&Pine just broke below 50-day MA.

>>15740199
hold on monday, doofus. Don't sell until the confirm

I’ve ate enough BBBY off of girlies.... suckling on those milk jugs and licking my way down... I think I’m going to invest

>>15740213
I’m at least waiting for the weekly Friday post-close tweet.

Don’t know how to call the confirmation, just know that leverage isn’t fun over the weekend.

>>15740199
she has no future, unless you like Corpses...

I digress, the only move today was selling UNH at 218 (I kept a few shares just incase) because it went back above the band at that point

>>15740258
I see. Thanks for the update.

Some limit buy triggered for me, a nibble on some SPLV and NTDOY.

Still holding unh, limits triggered too high.

A century-old company like Thomas Cook going under, in an environment where debt and money are free, is really telling

Drop it now or double down while I can?

Sold a buy put i had for mid October. A nice gain of about 30%.

My "meme" stock options not doing so well. Done dealing with "meme" stock options as they move to erratically for what should logically be movement in one direction eg GME logically going to 0.

Heh. Is that all you got, bearfags?

>>15740312
no. qqq indicator pierced support floor

>>15740291
meanwhile another company that by all rights should already be dead like GME just keeps fucking going up

>>15740299
Take profits, you can always re enter

>>15740329
And that's because of low interests environment, actually. If the world was spinning right, they would be dead already

Fucking ad hanging over the reply box for everyone?

>>15740349
dumb phoneposter

>>15740348
Its been hijacked as a speculation vehicle

might be a spooky Halloween coming up

Okay well i bought a bunch of vix. At least if everything keeps falling i can hedge a little...

Should’ve bought more SQQQ and less... everything else.

>>15740329
Even a dead CAT will rise, if it’s in the US indices. GME is in the XRT and S&P small cap 600.

WHERE IS ALL MY FUCKING MONEY GOING

>>15740372
>hasn’t even lost $3k
Heh
Call me when you lose large amounts of $ as a NEET inbestor.

>>15739561
JUST

>>15740301
>Sold a buy put

>I am up 0.4% for the first time all week

NANI?!?!?!?!

>>15740413
I think they meant they sold to close a put

>>15740094

One day moves don't matter. Weekly and monthly moves matter.

I don't like it when move downs aren't a sustained move south. Big moves down mean that there will be algos that push it back up.

>we’re going back to 70!

If you know what’s good for you, Etsy Shill, you won’t show your face around these parts again.

Trade talks are on the 10th right?

I just got a civil tax warrant for 33 fucking dollars

What do I do and what does it mean

>>15740470
you owe 33 dollars to the state for something. property tax, vehicle tax, child support, etc...

Just pay it

I uhhhhhhh think we're recovering now. QQQ to 190.

BUY QQQ CALLS NAO

>>15740479
What can they do if I hypothetically dont?

FUCK AGAIN!!! I saw S was down to 5.92 and knew it's beta was low, now it's 5.97. I just can't seem to buy stocks even when I know they're at a good price.

>>15740387
Pic related. From a few weeks ago.

t. Neet whose been unemployed for several weeks.

>>15740493
YOU TOLD ME TO HOLD SQQQ THROUGH MONDAY!?
Aaaaahhhhhh

WHERE IS THE REFR SHILL?!

FUCK YOU

>>15740427
This here. Made a nice gain. Couldve sold (closed) further out puts I bought but decided against it due to my suspicion it may tank in the nearby future.

>>15740499
Did you recover?

>>15740499
Nice to know I’m not alone, even if you’re nowhere near as fucked.

I gotta take a break. Learn what I’m doing wrong.

Graham? Investopedia TA courses?

>>15740514
I know. All the shills are gone now. And we are left with RED. And God damn
NAMEFAGS!!!!!!
REEEEEEEEEEEEE

>>15740496
Put a lien on whatever the tax is on, or garnish wages if it's child support or whatnot

>TFW $25k cash
>TFW don't know what to throw it into and have just been sitting on it

>>15740503
eh, it'll be fine. If you bought midday yesterday you've made 5%.

>>15740525
Now's the perfect time to buy LCI

>>15740532
buy short term calls on netflix, bottomed out

I still believe in you, golden bull.

>>15740540
$15 after the Schwab fee.
Think I’ll be holding it over the weekend after all.

You could've listened

>>15740569
you mean lci put, right?

>>15740581
If you like losing money, sure. Buy LCI puts. I'll even sell them to you

>>15740587
ok deal

>>15740574
>holding a leveraged short ETF over a weekend
That's a lot of time for the president to tweet

>>15740589
Would you like $10 or $9 puts?

>>15740520
Somewhat.

>>15740521
Realized that these losses taught me stuff I probably wouldn't have learned unless I experienced it firsthand or won enough times to get the general idea.

>>15740603
10. for 2 weeks from today

ALL YPU HAD TO DO WAS LISTEN

>>15740594
That’s what I was getting at earlier:
>>15740253

>>15740574
I think we're bouncin'. We pierced the support but recovered. If we hold above 187 we're goin to 190

>>15740634
aaaand pic

>>15740622
Schwab won't let me

>>15740638
I love how people just draw an arrow in the direction they want it to go and call it technical analysis

Ding ding ding! How did everyone do today? I'm down .31%, bad but not as bad as it could have been. What'd I tell you lads about VIX yesterday? Tiny little TVIX swing offset CGC and GEO doing horrible as usual, covvies expired snug and warm. What a grimy slide of a week.
This week we're going to a Romano's in Oakland CA!

>>15740669
That’s all it looks like to me.

I could point at the MA and call it resistance, or call it a breakout point, I don’t fucking know. Seems like nonsense to me.

TA article from Zach’s looks like it’s saying I should but LMT once it breaks above 400. Why would I wait to buy it until it’s ABOVE its all time high?

>>15740669
Ascending wedge. Or triangle. Pointy shape. See how the ascent is closing in on the high point there? At that point stock tends to break out. Which direction? Who tf knows it's literally guesswork no matter how you slice it. But it has action there.

Yeah I wasn't worried at all. Got some of this dip too.

>>15740669

Just because you can't read the graph doesn't mean it isn't valid.

Retard.

The Algos sure as shit know about support levels.

Time for TLRD to fill the gap and find a ceiling, also
>OSTK
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>15740572
>>15740634

Can't wait to be fucked monday with my NFLX and SQQQ calls. Always love the advice here. Thanks /biz/.

>>15740669
This you can easily manipulate the angles. Joke pic attached.

>>15740698
I should probably kill myself.

Going to a resort with friends. Gotta find a way to not seem depressed and fat.

>>15740701

Headlines over the weekend are going to determine the price action, but you're probably right about the move higher. There is no reason yet for a big stock move down. Maybe in October though.

>>15740698
Down 1.48% ($376). I've been crabbing for months now.

>>15740698
only down -0.69% on the week
successfully evaded C&B torture

>>15740753
>>15740760
it's okay kings we'll be back at ATHs in our ports soon. (I actually don't think we will, sliding like this has me soft bearish and I'm glad I sold my SPY (don't tell ratsu))

Somebody fucking take Trump's phone so I can close my longs with a profit monday

>>15740738
Nah. The top there is the resistance level. The bottom line is support. Since the stock has been moving upward, the support level has been moving with it. When it closes in on the resistance, you have a break out, some form of extreme price action in one direction or another

>>15740738
>>15740669
The angle, obviously, is just an approximation, retards. The general trend would be up, if it doesn't go below the support at 187.

>>15740800
Have you been having fun these past two years? I want to get off President Trump's Wild Ride.

>>15740800
I'm gonna take his phone and tweet that CHINA DEAL IS DEAL. TARIFFS TO 100% STARTING NEXT MONTH!

>>15740806
TY.

I drew this graph line like 2 weeks ago, and haven't touched it. The bars landed EXACTLY on it today, closing at 187.03. TA can save a life. If we recover, we're going to 190 plus and qqq calls will be primo.

Is timing the market really a meme or not?

How much time does this dumpster fire have left before it folds?

>>15739084
Well that's a bummer. I have no position but I like their products quite a bit. Longest lasting battery powered razors in the biz.

>>15740923
Not if you have chad charts. We're goin up monday

>>15740698
US dude weed got wrecked. Again. I was all cash (as far as the dude weed portfolio goes) this morning but had a couple lowball bids still on the books. Those filled about two thirds down the knife drop today. Doubled the fug down on the bottom of the knife drop and slapped some immediate profit take asks in expectation of small retrace Monday morning. FITE ME CSE SHORTS FITE ME RIGHT NOW LET'S GO.

Also it's snowing here.

>>15740701
>Ascending wedge. Or triangle. Pointy shape

Upward pointy, downward pointy, and crab claw. Also bullet with butterfly wings.

>>15741024
Idk the shapes. Just the patterns. Think of it in 3D. It's not a line, it's a spiral of energy. Specifically human energy. As it condenses, it will want to expand.

>>15741083
based ascended bro, but not quite ascended enough to surpass jewness

>>15741083
full halfie pattern coming up on Monday

>>15741083
>only 3 dimensions
options alone have a good 6 variables just for price at a certain moment in time

think more like a projection or an n-th ordered matrix of differentials

>>15740728
It wasn't $7 but it went up 7% today, so I was kind of close right?

We'll break $10 one of these days.

>>15741199
I took some lsd and dmt and I saw the fractal patterns of the universe's simultaneous creation and destruction imprinted in each movement of the market.

Are you supposed to be letting options expire? Because I've been mostly scalping any sort of large changes in value and I don't fully understand if there's any benefit to letting the contract go until it hits the deadline. Or do you just lose that money if it expires regardless of gains or losses?

Synopsis of the SAFE banking acts chances. Senate numbers are: Dem 45, Rep 53, Indie 2. There are a handful of republican senators likely to vote for the SAFE act: Cory Gardner, Steve Stivers, Kevin Cramer, Marco Rubio (maybe), and three others who already co-sponsor a companion banking bill. On the D side, three current and former presidential candidates are on record saying they want the whole cake all at once and don't like these incremental steps. They are: Corey Booker, Kamala Harris, and Bernie Sanders.

Today majority leader Mitch McConnell directed the DEA to define the difference between hemp and cannabis. Market took this as a negative but i'm not sure. McConnell is pro industrial hemp and this question sounds to me like he wants changes made to the SAFE act to reflect the differences prior to allowing it in the senate for voting. This sounds more neutral to me than market interpreted. We'll see. I do not think McConnell will block this bill when push comes to shove. The banking lobby wants it and they have some serious pull in Washington.

article on Politico from yesterday. Well written with some quotes from both sides. Best article on this topic so far as the rest are all fud and hysteria:
https://www.politico.com/news/2019/09/26/marijuana-senate-banking-001391

>>15741386
If you're atm, theta is large and so it's costly to hold an option. If you're deep itm, theta is low and the option trades like a stock. Thus, there's low cost to hold the contract (holding risk constant).

This week started out great until the Swamp Draining started.

>>15741526
>Additionally, Bank of America downgraded Canopy (CGC) to neutral from buy and also slashed its price target to $27 from $46. The price target is only a slight upside from the stock's closing price Thursday of $27.74.

I hate this gay earth
I coudlve stopped out of this bubble at any time, but no.

ICPT just filed an NDA, they should pump a decent bit in the short term
But if the NDA gets rejected, they'll plummet into the center of the earth
I personally think it'll get rejected, but how you choose to play the event (if at all) is your decision, obviously

>>15741662
yeah let me be clear on this: I am not attempting to pump the dude weed here. I do think this is going to be big gains eventually but right now is a horrible time to trade the sector. Technicals are maximum bearish, shorts are very confident and numerous. Be careful and give this bastard a very short leash if you choose to play in the hellscape nightmare.

>>15741583
I'm down 2.68% this week it sucks

Don’t like it when I see companies I own in the headlines.

>>15741730
Yeah. Down 38%. Thought it was the best company in the sector, that I was buying on the way down. Looks like they totally fell apart, floundering until they can find a new ceo, and if constellation has anything negative to say when they report next week...

God fucking damn it every decision I’ve made had been a bad one.

Its gonna get worse before it gets better.

Christ... now that the fda has finally figured out its mostly a thc vaping problem, i bet I’m about to get slammed even harder in CGC.

>>15741848
What's the story behind the letters? Bill collection or something?

>>15741873
The price of freedumb.

>>15741873
Yeah, meant for office of health and human services. Duplicated by a coding error.

Not like there’s not enough headline risk because of warren.

Seriously. Every investment decision I’m making. And if I just sell now I can’t recover. I need a break.

>Trump signs spending bill to avoid another government shutdown

There's your headline.

Any chartists or whatever want to scope me out a good exit point for CGC? I could take some losses on it and shove them into LMT, PEP, or MCD and probably be much better off. Hell, SPYX will probably be better.

>>15741730

Another day in the shat but there is an upside to this doom and scary time. Hint: The Empire is strong and united. He is still standing tall above this shat while everything else just falls like dominoes in the sand. Surrender to Him now and rejoice in that He will save you from this endless shat fest. Let His Fat Divvy keep you warm over the next 25 or 30 years while you endure the shat your job tosses at you like bricks.

>>15742109
If I wanted to exit CGC right now while trying to minimize further losses as much as possible, I would split my holding 50/50. Set half to sell at the 27.30 and stop loss the other half at 22.75. Set an alert on the stop loss. If it trips, pull the remaining 27.30 limit sell and dump it immediately at market.

>down 60% this week
>still own calls that expire in 2 weeks
>need Facebook to go up 4 dollars in that time
should I kms?

>Former Fed Chair Yellen says central bank is being too ‘optimistic’ about US economy

Top kek.

It's like a game of ping pong.

>>15742167
Heh, I'm down 1400 so far but fuck it my big payday will come in November. I can ride the waves and let shit do whatever cause I know the rebound will be sweet as hell and I'll gain 3000.

>>15742370
No fucking shit. They're never going to tell us "Hey american people looks like we're headed for a recession in 2.68 months." Their entire job is to be purposefully optimistic, you just have to read through the barriers of entry (I.E. the rates they can influence).

>>15741855
Its illegal chinese shit

>>15742441
most of which seems to be THC products
Probablty most profitable
Seems people ordering empties and filling them in the US with shitty fillers is also a part of it.

>>15742477
Funny how CA hasnt had problems...

>>15740669
>>15740701
>>15741024
>>15741083
>the dreaded Vomiting Camel Pattern (VCP)

>>15742412

Yellen knows all about behavioral psychology. She's shitting on the economy anyway because she knows what weight that she has being a former Fed chair.

She's probably a bit pissed off at Trump because he fired her too.

Keep in mind this is the same bitch that played the exact game you're talking about and said in 2016 that there would be no more recessions. Ever.

>>15742499
canada or california?
the THC kind is legal in both places, so smuggling counterfeits is probably much less lucrative.

But it is eerily similar to fentanyl, imo
>>15742503
Now do silver, do silver!

>>15742517
You should be pissed he fired her too, Powell sucks

>>15742477
It's a THC thing because apparently thicker liquid = moar pure to street buyers. This is not the case for nicotine e-liquid. So, street vendors started adding vitamin e acetate to cut their product and increase profit margin. That is culprit #1 of two identified issues. Culprit #2 is chinese cartridges. It seems these empty cartridges are not clean from the factory and have traces of a variety of nasty chemicals on them, which in turn makes its way in to the liquid when filled.

NBC did their own test just yesterday and found majority of black market street cartridges tested dirty. Meanwhile, cartridges purchased from legitimate cannabis dispensaries were all clean.

>>15742503
Nice. It like it.

>>15742556
NBC article:
https://www.nbcnews.com/health/vaping/tests-show-bootleg-marijuana-vapes-tainted-hydrogen-cyanide-n1059356

Leafly article on the Chinese cartridge supply chain and Los Angeles black market:
https://www.leafly.ca/news/politics/vape-pen-injury-supply-chain-investigation-leafly

>>15742597
yeah I posted the leafley article

Honestly this is bullish for MO since they'll be the ones to survive and thrive regulation. FUCK CNBC assholes rooting for their bankruptcy.

Saw Blu advertising on TV yesterday and was shocked, I thought they were all banned from this. They were advertising flavors too.

Want to buyback in eventually. Divvies incoming.

>>15740937
One recession away according to big dick Harry.

>>15742547
>Powell sucks
He's a savior considering the retards he has to work with. I'm dumbfounded by the fact we aren't in a recession already.

>>15742645

Powell thought he could normalize rates because of how resilient the US economy was in 2017/2018. This was false: the market is entirely dependent on low interest rates.

What's worse now is that the Fed has cut twice, yet they are more or less at the point they were in January 2018.

Q3 earnings and Q4 will be very important. Q4 last year was dogshit. Complete dogshit.

>>15742683
>Powell thought he could normalize rates
could he though? :^) does he have any power?

Hey LYFT anon from yesterday, I think you might still be right on this one. Today's break out attempt was rejected but it still set a higher low on the daily. Have not entered yet but I will continue to monitor. For me this will be a short term swing with intent to take profits quick, probably before it even wiggles its way back up to resistance ~48.30-48.50. My long term assessment of this company is poor. Their financials are garbage.

>>15742691
If normalizing rates dropped s&p to 1600 it would, in a technical market management sense, mean QE/QT was a big success, just on a inconveniently long time-frame. But politically speaking itd be career suicide and he'd probably be torn apart in his home by an angry mob.

>>15738740
Have U.S. markets turned Japanese? Will the SPY crab along, snib snib snik snik, for the next decade?

>>15738962
So thats what robinhood gold gets you? Any apps i can get that for free considering how inaccurate robinhoods data is?

>>15738962
my time in crypto has taught me that order books mean nothing and can change in the blink of an eye. what matters is orders filled which translates into price action on charts aka TA

Why does it seem like everytime the market rallies some random news or tweets blows it up.

>>15743072
Most of what trump wants to do causes uncertainty and is bad for the market. So every time the market is up, it’s like more ammunition.

The Dow is trump’s special bar, and every time he does his special move, like impose tariffs or let bad news leak, it drains his special bar and he has to refill it.

Time to hoard your cash and wait. For this shat show to hit rock bottom which if history is any judge we've still a ways to go. Then once the bottom has been hit then's the time to strike and buy all those cheapies you've got on your watch list. But don't tarry to long, the rebound shall be swift and sure. So don't delay, start planning today for all the Profit you'll rake in come rebound day.

>>15742597
Pic related is NBC's THC cartridge test. I snagged this off of twitter and it's kind of hard to read but key takeaway is as follows:
>Top 3 on the list are from legitimate state legal dispensaries. No vit.E acetate and no pesticides
>most common pesticides present in black market cartridges were myclobutanil, bifenazate, permethrin, and fipranil

The presence of these pesticides is the likely reason the FDA did not pin the problem solely on vit.E acetate.

You think China knows just how unlikely impeachment/conviction is?

Anyone following how they’re reporting the news?

>>15738740
>Feet edition

>>15743123
> When heated, myclobutanil decomposes to produce corrosive and/or toxic fumes, including carbon monoxide, carbon dioxide, hydrogen chloride, hydrogen cyanide, and nitrogen oxides.

Didn't even think about the heating of the pesticides in the extracted THC. That's probably right on the money.

>>15743123
Damn i been smoking heavy hitters...
Not thise flavors though. The fuck is the point of lab testing?

>>15743039
My time in crypto has taught me: Just don't.

>>15743125
It ain't really required that he be impeached. Hell Nixon resigned once he knew the game was up. Also the public was demanding he get the boot. So Trump gets impeached, it goes before the senate who does the trial work. This is the point where trump will face the most blacklash from the public /and or know the game is over. there's no chance in hell he'll get reelected so best thing for him would be to step aside. To much shit dug up, some of it he did to himself. But yeah there's been only 4 impeachments (counting this one) in the U.S history so that's saying something.

>>15743012
The divvies will have the last laugh in that scenario.

What do you guys do with your free time while the stock market is closed?

>>15743194
Ask people in /smg/ about what they do with their free time while the stock market is closed.

>>15743185
What makes you so sure people are going to care? Do you have your finger on the pulse, tbaby?

>>15743194
Disappear into the void until markets open again.

>>15743185
There is a literal 0% Trump gets impeached

>>15743185
Democrats are desperate. Department of justice already cleared him. Said Ukraine call was nothing and the CIA guy who tipped was biased. Just more bullshit from the party of corruption.

>>15743109
Yeah man, it’s pretty bad that’s why it’s at all time highs

FYI there is always uncertainty

>>15743185
Actually there wasn’t a whole lot of support for impeachment of Nixon. Polls said most people were against it

>>15743303
Then bet ont it. Odds are like 50/50

HORRIBLE fuckkng NIGHTMARE day for memestocks.

>>15743304
Uhhhh the doj run by his appointee?
Hate the Dems and love the GOP All you want, but do you really have any doubt that trump would absolutely do whatever shady shit he could, knowing he basically controls the narrative, and can get away with almost anything?

>>15743314
What? I didn’t say anything like that at all.

>>15743352
Where can Amerifats bet? Legally and without giving our credit card number to a site run out of a closet in Mogadishu? I'd like to bet on this.

>>15743362
Predictit
Ive used it since 2015
You can actually make good money on there if you’re good. Tweets sre the big money stuff. Has loads of different political bets

>>15743380
Tweets?

>>15743380
Will check it out thanks.

>>15743356
>controls narrative
Yes. All the news media and late night jew commentators do nothing but praise him.
>get away with anything
Tell me something hes gotten away with. Or are you going with Democrats baseless claims and presume guilt?

>>15743437
Yeah
White house
Donald trump
President trump
Vice president
They just added AOC and YANG too. It works easy for americans. If you get over $600 in winning they make you add more info or something but i guess it is totally legal. I guess cause its “research”

>>15743561
Fox News is the most watched news network by far, and nearly Everything they say is about how good Trump is and how he’s the only thing keeping AOCfrom turning your kids into vegan trannies.

And his twitter feed dictates what the news is about every day, and influences the minds of his followers through repitition. He manipulates the MSM pretty thoroughly, both sides.

I’m not sure why you’re disagreeing with me, around here lately if you don’t have trump’s dick down your throat people think you’re a fuckkng maddow loving leftist.

>>15743594
What are you gambling on about tweets? What they’ll say next?

>>15743653
How many tweets they will tweet, weekly. You can buy/sell yes/no shares for different stuff. Prices depend on what people are willing to sell for. Most action happens near the end so if anyone here is wanting to gamble wait until the morning and play that price action.
I almost got fucked last night and chicken out(thankfully) on a $500 bet on pence tweeting one more time. Never did all night and morning. I bailed at a $100 loss but made it back flipping some other tweet shares. Yeah its dumb but you can get better returns than the market if you play it safe. 1-5% return with odds well over 99% are common. Mostly cause low volume and people want to bail for other bets.

>>15742547
yellen is trash fuck her stupid goddamn dovish fed and their fucking "forward guidance" carrot on a stick decision making

>>15743039
STOCKS ARENT CRYPTO

you can't fuck with the order books in nearly the same ways

Fuck. They’re figuring it out.

I should’ve repositioned from CGC into MO.

>>15743653
Imagine, IMAGINE using the argument that fox news is the most watched media outlet as some sort of proof that they influence more people than leftist media does. When talking about leftist media you have to include social media and what does the most popular social media platforms promote? Leftist media.
Now let's use Twitter as an example, where there's probably 1 conservative for every 20 leftists and hashtags like #IMPEACHDRUMPFBLUMF gets into the top trends almost daily.. who do you think the young people are influenced by the most? The answer should be obvious.

Now let's compare foreign influences for fun. In what way do you think europeans view Trump? Good or bad? Vast majority bad. You want to know why? Because european media uses CNN and what not as their main news sources. I have heard this argument before about fox news being bigger in the US hence influencing more people and that's probably the most stupid argument I have heard in a long time.

>>15743979
Size matters certainly, but what more so matters is the viewing base in my opinion. Do social media sites have a liberal bias? Sure, but the users of social media platforms have a younger age bias. 79% of people 18-29 use Facebook. I think we've seen that people can be easily manipulated over the internet as easily as over the TV, but i still do think it's harder to manipulate people on the internet. The amount of fucktards age 18-29 that use one website as their news source is slim to none. We just conglomerate around media sites that are similar in narrative cause fuck no im not going to listen to what faux news says.

ATTENTION ALL LCI TRADERS:

Whether you are bearish or bullish. I want to sell some fucking puts. I'm trying to sell the Oct. $9 puts for $1.. so if you are also selling puts i ask that you please GET THE FUCK OFF THE ASK.. and if you are trying to buy puts.. please.. slap the fuck out of that ask to clear those offers.... If it doesn't clear up I'll have to resort to selling the nov. $9 puts.....

>>15743816
MO is going to $30.....

not sure why anyone is buying right now...

I get that it could make a good long term investment... but let the fucking market take it lower... you fucking retarded retail traders are trying to catch a fucking $76billion market cap... like wtf?!?! you really think thats going to happen with all this bad news?? let the fucking thing drop and crab...

jesus christ this thread is fucking retarded...

>>15744042
there's no way those puts are selling at $1

>>15744214

>>15744214
>>15744214
>>15744214

Go next

>>15744214
>>15744214

>>15744214

NEW thread

>>15743816
If the mainstream media would please report this I would appreciate. NBC did a good job on their independent test. More of that. Thank you. I mean there have to be some people working in mainstream media still who give a shit about investigation journalism and reporting the truth. Right?

RIGHT?