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I needed like 2 more weeks of no movement to hit the platinum honors tier at Bank of America 😢
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Oct 10, 2018 22:10
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lol
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Oct 10, 2018 22:38
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OPK outperformed the market today!
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Oct 10, 2018 22:39
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Something Offal posted:Man it is days like these that really test my passive strategy. Let's hope this isn't a substantial correction. Are these retirement accounts? Don't even look, it's not helpful. You're fine.
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Oct 10, 2018 22:43
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Counterpoint: we could be looking at the beginning of the end of capitalism. Liquidate your 401k and join a local socialist group before people start getting lined up against walls. If you still have a 401k when this process starts you're dead for sure.
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Oct 10, 2018 22:58
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Pryor on Fire posted:Counterpoint: we could be looking at the beginning of the end of capitalism. Liquidate your 401k and join a local socialist group before people start getting lined up against walls. If you still have a 401k when this process starts you're dead for sure.
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Oct 10, 2018 23:05
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Interesting that Nasdaq broke the 150 but SP still hasn’t. Wonder if that’s the theme for earnings season, particularly with mid term elections right around the corner.
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Oct 10, 2018 23:25
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numberoneposter posted:Everybody lets cash out and and use all the money to buy loving rad sports cars. Not for stock gambling reasons but what model sports car should everyone buy? Oh who am I kidding, it's still gonna be TSLA. So in other news... -4% on the NASDAQ today, +15% on APH.TO. Man the stock market is fun.
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Oct 10, 2018 23:28
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JCP crushing the bear market
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Oct 10, 2018 23:30
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numberoneposter posted:Everybody lets cash out and and use all the money to buy loving rad sports cars. Way ahead of you boss  The Butcher posted:Not for stock gambling reasons but what model sports car should everyone buy? The BMW M2 Competition is generally considered the sweet spot of price and performance
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Oct 10, 2018 23:31
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GoGoGadgetChris posted:Way ahead of you boss
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Oct 10, 2018 23:34
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The Butcher posted:Not for stock gambling reasons but what model sports car should everyone buy? yeah APH went nuts two days in a row. ACB boring...again. they can take off any time now...
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Oct 10, 2018 23:34
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numberoneposter posted:Everybody lets cash out and and use all the money to buy loving rad sports cars. [video type=""]https://youtu.be/l_o8vX8lGss[/video] Woodchip fucked around with this message at 23:37 on Oct 10, 2018 |
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Oct 10, 2018 23:34
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Josh Lyman posted:Did it take over the old M3’s spot? gently caress you!!!!!!!!!!!!!!!!!!!!
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Oct 10, 2018 23:39
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Lol @ the Canadian weed companies with like $20m (in Moosebux, mind you!) in revenue and a market cap of $10b++.
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Oct 10, 2018 23:49
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Yeah that poo poo is coming down. There's no barrier to entry so no reason to think any one of them is going to stick around.
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Oct 10, 2018 23:50
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GoGoGadgetChris posted:The BMW M2 Competition is generally considered the sweet spot of price and performance
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Oct 10, 2018 23:51
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GoGoGadgetChris posted:Yeah that poo poo is coming down. There's no barrier to entry so no reason to think any one of them is going to stick around. I don't have the balls to bet on this anymore, but I'd be curious to see anyone's predictions who is going in. Total collapse right after legalization, in the best ever example of "buy the rumour, sell the news"?
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Oct 10, 2018 23:55
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The Butcher posted:Not for stock gambling reasons but what model sports car should everyone buy? Miata Don’t buy Tesla I have puts on Tesla
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Oct 11, 2018 00:04
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So the question is do we bounce 2% tomorrow or is this negativity sticking around?
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Oct 11, 2018 00:06
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Depends if more buyers than sellers, imho
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Oct 11, 2018 00:16
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greasyhands posted:So the question is do we bounce 2% tomorrow or is this negativity sticking around? I think we have a day of no gain/loss before we have a bounce.
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Oct 11, 2018 00:18
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GoGoGadgetChris posted:Depends if more buyers than sellers, imho Big if true. I don't want to have a Simpsons Christmas Special holiday budget so let's hope there's a fat bounce.
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Oct 11, 2018 00:20
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Well I bought a boatload of the qqq weeklies at close sooooo here's to hoping it does the same thing it's done for the last 5 years
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Oct 11, 2018 00:39
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A MIRACLE posted:Miata Only guy I knew who had one of these was quite petite and super over the top flamboyantly gay. He would flutter a hand at you as he drove away. All of which is OK of course but I can't stop seeing it as a tiny gay dude car.
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Oct 11, 2018 01:01
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I used to have an RX7 that I would take to mazda club days. It was always like 3/4 miatas, and they were all driving by bored retired dudes over 60 who wanted a cheap race car to play with. They're fun as gently caress to race around and wrench on.  In non-scary stock news, somebody bought 1 of 10 WEN November calls I had sitting on the books all day. Thanks uh I guess.
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Oct 11, 2018 02:46
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greasyhands posted:So the question is do we bounce 2% tomorrow or is this negativity sticking around? Futures down another 1% so far tonight so...yeah, staying negative for now.
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Oct 11, 2018 03:12
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Kal Torak posted:Futures down another 1% so far tonight so...yeah, staying negative for now. No idea if it will be green or red tmw, but futures always do this after a huge selloff
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Oct 11, 2018 03:57
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Futures are balls and don't mean poo poo for next open. Could wildly swing either way in the first hour.
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Oct 11, 2018 05:07
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i bet Tilray craters i bet Canopy loses 1/5 value and Aurora gains 1/10 value as a whole i bet the entire industry continues to be janky and volatile for a while
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Oct 11, 2018 07:46
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numberoneposter posted:Everybody lets cash out and and use all the money to buy loving rad sports cars. This but guillotine blades.
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Oct 11, 2018 11:25
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Looks like the market turned over a little after 10am. I said I would exit my positions if we didn’t get an up day, but even with these down days there will be a pop. The question is whether we’ll be down so much by the pop that it defeats the idea of waiting for it.
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Oct 11, 2018 16:26
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Josh Lyman posted:Looks like the market turned over a little after 10am. I said I would exit my positions if we didn’t get an up day, but even with these down days there will be a pop. The question is whether we’ll be down so much by the pop that it defeats the idea of waiting for it. https://www.youtube.com/watch?v=yeaVMffAi8M
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Oct 11, 2018 16:42
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The Butcher posted:I don't have the balls to bet on this anymore, but I'd be curious to see anyone's predictions who is going in. How is legalization news when it is already considered into the price? I do think no barrier to entry is the worst aspect of investing in a weed stock but further legalization in the US could rally them. I was really surprised the market didn't do this in September because that is when the tariffs were applied and interest rates rose. Also it seems the word around wall street is to exit all these tech/growth stocks and go more into value stocks because there will be no further growth except maybe this quarter but after that the corporate tax cut loses it's initial effect.
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Oct 11, 2018 16:51
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Ulio posted:How is legalization news when it is already considered into the price? I do think no barrier to entry is the worst aspect of investing in a weed stock but further legalization in the US could rally them. Margins in recreational states are super slim due to overproduction. I dont think a lot of investors are considering this. You're right, there is no barrier, which is both a good thing and a bad thing. Good because it means that large guys cant use supply chain efficiencies yet, but it also means there are no safe bets.
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Oct 11, 2018 17:01
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There is zero barrier to growing weed. The money to be made in weed is all about branding. It's just like booze- if you can convince the buyers that your budz are the dankest, you can charge a lot and build a brand. Why anyone thinks any of these companies currently trading have established anything at all is beyond me.
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Oct 11, 2018 17:06
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That has not been the Colorado experience at all. Weed varies wildly from strain to strain and even plant to plant day to day within the same strain, even the super master growers who have been doing it for decades around here have very little control over THC swings of +/- 50% and vastly different customer experiences day to day. The recreational users have little to no brand or grower loyalty, usually jumping around between different shops based on word of mouth of just some bad product. Very little branding or brand loyalty happening even though every shop pushes loyalty programs and bonuses harder than the airlines. I think the experience gets a bit more predictable and consistent with concentrates, and the barrier to entry for doing that and not blowing yourself up in the process is a bit higher.
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Oct 11, 2018 17:16
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Yeah, it's all in it's infancy. There's venture cap money swirling all over the place right now but it will work itself out over time and do the same thing every other commodity consumer good does.
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Oct 11, 2018 17:18
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Pryor on Fire posted:
Lol, yeah: https://www.oregonlive.com/marijuana/index.ssf/2017/08/big_profits_extra_pot_fuel_ill.html There is almost no differentiation in product or brand in Oregon and Washington. The only thing is price and strain.
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Oct 11, 2018 17:38
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I've bought a lot of legal stuff in WA and in my experience as long as you get mid-grade stuff or better the quality is all so high that it really doesn't matter much to anyone but the most discerning consumer. Extracts have some variation in quality so it's worth spending a little more. Then edibles are pretty tightly regulated to have <10mg per "serving" so it's all kind of same same. If you're a High Times reading pot aficionado that only smokes the finest of bud, the shops have all that top shelf stuff too but it'll cost you. But otherwise every day shops are unloading something decent for $20-30/eighth, and regardless of brand it's all as good or better than whatever black market stuff your average stoner was buying before, with some legitimacy in knowing where it came from and how it was grown/processed/handled. Legal pot has already been hilariously commodified, and the only reason it hasn't gotten monopolized by big corps yet is the patchwork of state laws preventing big growers/processors and of course the federal legality issue.
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Oct 11, 2018 18:23
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