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Why do people keep giving money to Argentina?
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Aug 29, 2018 14:28
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http://www.bnnbloomberg.ca/u-k-alcohol-giant-diageo-circling-canada-for-cannabis-deals-1.1128030 This could be the reason why TLRY and CRON have been trading so much lately. You guys ready for Smirnoff Weed Edition?
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Aug 29, 2018 16:47
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I sold TLRY this morning and I have a feeling I will deeply regret it.
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Aug 29, 2018 17:03
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Ulio posted:This could be the reason why TLRY and CRON have been trading so much lately. You guys ready for Smirnoff Weed Edition? I cannot wait for FourTwentyLoko to send fuckloads of retards to the hospital. Any good for-profit hospital ETFs out there?
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Aug 29, 2018 17:24
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Ulio posted:http://www.bnnbloomberg.ca/u-k-alcohol-giant-diageo-circling-canada-for-cannabis-deals-1.1128030 APH and ACB are not mentionned in the article but the former (APH) has the lowest production cost, largest production capacity after CGC and has an extraction center, if you want to gamble money into a hype play. Grimarest fucked around with this message at 18:02 on Aug 29, 2018 |
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Aug 29, 2018 18:00
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Grimarest posted:APH and ACB are not mentionned in the article but the former (APH) has the lowest production cost, largest production capacity after CGC and has an extraction center, if you want to gamble money into a hype play. The /r/weedstocks subreddit was constantly extolling the strength of APH and how relatively underpriced it is when I browsed regularly this past spring. Maybe they're right, but they never shut up about it.
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Aug 29, 2018 18:18
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Grimarest posted:APH and ACB are not mentionned in the article but the former (APH) has the lowest production cost, largest production capacity after CGC and has an extraction center, if you want to gamble money into a hype play. Ya I don't know where that article came from because I saw it in a bunch of other places but the obvious mention would be ACB even though they have high spending and lots of debt. The valuations on CRON are way too much for a company that has such low sales. ACB, CGC already have lots of connections with dispensers and partners lined up. ACB did invest a lot of money recently by acquiring another company so hopefully that pays off in the long run.
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Aug 29, 2018 18:20
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I'm amazed how cheap 2020 puts are on HLF given the possibility of a massive wipe out there. Bought some Jan 2020 40s
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Aug 29, 2018 20:05
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i dont understand why CRON are so big either, or why they're considered part of the 'big 5'. i'd put OGI over them in any circumstance
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Aug 29, 2018 20:11
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Am I understanding this article correctly: $SQ just got a patent that allows you to pay with a credit card in any currency and it auto-converts it to merchant's currency of choice (including crypto)? Just wondering because if true I will continue throwing my money at Jack Dorsey. Because holy poo poo that would be significant. melon cat fucked around with this message at 21:37 on Aug 29, 2018 |
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Aug 29, 2018 21:34
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melon cat posted:Am I understanding this article correctly: $SQ just got a patent that allows you to pay with a credit card in any currency and it auto-converts it to merchant's currency of choice (including crypto)? I don't get it... I take my Visa all over the world and use it to pay for things in whatever local currency- the guy gets his dinars or whatever and i pay my bill in dollars. What's new? I mean, crypto.. but whats actually new that matters?
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Aug 29, 2018 22:26
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greasyhands posted:I don't get it... I take my Visa all over the world and use it to pay for things in whatever local currency- the guy gets his dinars or whatever and i pay my bill in dollars. What's new? I mean, crypto.. but whats actually new that matters? But with that patented tech that same merchant isn't just stuck with accepting payment in EUR. They can accept it in USD, or crypto, or whatever. Again, I have no idea what kind of technology is under the hood of this apparent patent, but having the capability to decide which currency to accept payment in is pretty impressive. And if it somehow allows the merchant to bypass the credit card company's currency conversion costs that'd be even more significant, because then Square can either pocket that conversion fee for themselves or pass the savings onto the merchant (LOL yeah right). melon cat fucked around with this message at 22:43 on Aug 29, 2018 |
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Aug 29, 2018 22:36
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Uhh the merchant is gonna accept payment in the one and only one currency that his creditors expect to recieve from him
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Aug 29, 2018 22:46
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It's already the case that I can use my $USD credit card all over the world in any other currency. The merchant is paid in their local currency. My card's bank handles the foreign exchange on the spot and optionally charges me a foreign currency transaction fee (obviously when I travel I select cards that don't)
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Aug 29, 2018 22:48
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Yeah I'm not sure what the supposed patentable breakthrough is here. I've been using my US credit cards abroad for many years to pay foreign merchants in their local currency with my card converting my USD automatically. The merchants don't know or care that my card is foreign, except when they get the stupid "chip and signature" instead of "chip and PIN".
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Aug 29, 2018 22:56
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Seems like a way for SQ to capture that exchange rate margin rather than the credit card companies. Eh, should be marginal.
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Aug 29, 2018 23:00
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It's probably either to protect them from patent trolls or to enable them to become one.
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Aug 29, 2018 23:17
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The title of the patent is "cryptocurrency payment network". The idea seems to be pretty trivial. They just keep a seperate account (and blockchain network I guess) for the customer's crypto balance and assume liability if the underlying crypto transaction fails. Of course they pay the merchant in local currency. It's kinda dumb and trollish since they would assume liability if they implemented it, but maybe they really think it's worth it (to sue for). Maybe leverage for a potential buy?
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Aug 30, 2018 01:10
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That definitely sounds like they are going to use it in the future to strong-arm competition.
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Aug 30, 2018 01:23
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With that in mind, McSwain asserts that Kendricks took the non-public information provided by Sonoiki and used it to purchase call options in companies that would, at future dates, be favorably impacted by mergers. This plot proved quite lucrative. After the mergers were announced, Kendricks sold the options for a combined profit of $1.2 million. As a related metric, the increase in price of the relevant options from the day Kendricks purchased them to the day he sold them ranged from 79% to 393%—an unbelievably spectacular range for a novice investor without access to non-public information. The Justice Department further alleges that Kendricks generously rewarded Sonoiki for his tips, giving him about $10,000 in cash, tickets to Eagles games, access to exclusive nightclub events and other items of financial and reputational value. https://www.si.com/nfl/2018/08/29/mychal-kendricks-cleveland-browns-insider-trading-case-damilare-sonoiki-blackish
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Aug 30, 2018 01:51
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melon cat posted:You're right, but here's what I'm thinking might be the case: Let's say an American tourist goes to Germany. Buys some poo poo from a German shopkeeper with his $USD credit card. Usually the merchant just pays a USD -> EUR conversion %fee to the credit card company and accepts payment in EUR. The merchant doesn't pay a foreign exchange fee, that's the customer's obligation. The merchant charges and receives their local currency. The only difference I can see here is that maybe some merchants in some countries would rather receive USD or Crypto or something other than their local currency. I am not sure how significant that would be. Kal Torak fucked around with this message at 03:41 on Aug 30, 2018 |
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Aug 30, 2018 02:43
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But it accepts crypto guys, geez... This is groundbreaking technology.
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Aug 30, 2018 03:13
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numberoneposter posted:You guys like lithium? Apparently all these new yuppy electric cars that people blast into space need lithium batteries or something. Here's a Canadian lithium mining company to stick on a watch list. I haven't bought any. I did really well with LithiumX last year. They were bought out by some Chinese company and I stopped following news on them.
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Aug 30, 2018 06:40
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melon cat posted:You're right, but here's what I'm thinking might be the case: Let's say an American tourist goes to Germany. Buys some poo poo from a German shopkeeper with his $USD credit card. Usually the merchant just pays a USD -> EUR conversion %fee to the credit card company and accepts payment in EUR. No merchant has ever accepted payment in crypto, all they did was accept VC money. Apart from places like Somalia and Venezuela, where would merchants gain to accept payments in other currencies than the one of the local economy?
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Aug 30, 2018 09:59
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Revolut already does the conversion thing anyway
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Aug 30, 2018 10:05
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uhhhhahhhhohahhh posted:i dont understand why CRON are so big either, or why they're considered part of the 'big 5'. i'd put OGI over them in any circumstance I haven't researched the company or how they operate but just looking at their income statement they have almost no debt and positive eps. Their gross margin is poor but that should change as October comes. They also were the first Canadian weed stock on a US exchange and they also have a deal with the biggest Marijuana retailer from California. Still I think their valuation is a bit too high.
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Aug 30, 2018 14:27
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Core PCE hit 2%. First time since 2012
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Aug 30, 2018 14:35
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spb posted:Core PCE hit 2%. First time since 2012 Right around the time the Fed started up QE3 to fight deflationary pressures.
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Aug 30, 2018 15:45
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Ulio posted:I haven't researched the company or how they operate but just looking at their income statement they have almost no debt and positive eps. Their gross margin is poor but that should change as October comes. They also were the first Canadian weed stock on a US exchange and they also have a deal with the biggest Marijuana retailer from California. Still I think their valuation is a bit too high. As far as I'm aware their current grow space, current stockpiled kg and future (2019) grow space doesn't come close to the big 4 at the moment, either. The Israel stuff that was hyped a lot last year seems to have fizzled out into not much either. It's going ahead still afaik but I don't think it's as big as people made out. I got out of the position I had with them mid way through this bull run, bit gutted because I could have got a bit more if I waited a couple of days but I'm trying to consolidate into the LPs that actually make sense looking into 2019.
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Aug 30, 2018 16:36
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Cron getting smoked
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Aug 30, 2018 19:13
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Apparently they pulled an Elon Musk with misleading investors. I bought a little earlier this week hoping weed hype would carry it. Oops.
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Aug 30, 2018 19:18
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TRUMP
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Aug 30, 2018 19:30
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Citron published a hit piece on Cron and put a 3.5 USD price target. It's probably all made up bullshit for their short.
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Aug 30, 2018 19:33
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Big surprise
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Aug 30, 2018 19:36
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uhhhhahhhhohahhh posted:Citron published a hit piece on Cron and put a 3.5 USD price target. It's probably all made up bullshit for their short. Citron strikes again. They'll be bullish on it two weeks from now. "The situation with CRON has shifted."
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Aug 30, 2018 19:56
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LLCoolJD posted:Citron strikes again. They'll be bullish on it two weeks from now. "The situation with CRON has shifted." A good investment strategy seems to be buying whatever they are trying to tank.
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Aug 30, 2018 20:06
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uhhhhahhhhohahhh posted:As far as I'm aware their current grow space, current stockpiled kg and future (2019) grow space doesn't come close to the big 4 at the moment, either. The Israel stuff that was hyped a lot last year seems to have fizzled out into not much either. It's going ahead still afaik but I don't think it's as big as people made out. I think you made a good decision as long as you got into other weed equities.
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Aug 30, 2018 20:35
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FreelanceSocialist posted:A good investment strategy seems to be buying whatever they are trying to tank. He did call Aurora down by half but comon that poo poo was crazy.
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Aug 30, 2018 20:47
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meh andrew left, in and out of  again
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Aug 30, 2018 20:48
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 Bought the dumb trade war dip. Also wasn't paying attention and left it set to margin when under a PDT rule so have to hold it through the weekend or they'll lock out my account. Wish me luck.
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Aug 30, 2018 21:15
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