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Hey Nerds: Blockchain

CDC speaking at 1:15 today. We'll get some sense of direction with that I'd imagine. Any plays going into it is a pure gamble so stop, you degenerate.
 
CH1 said:
don't know baytex; will check it
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Its a been a reliable 3-4 year run to flip .

I usually buy in 10-20k share lots and dump within a short time frame

I have been lucky to buy on major dips and make a second income

I don't have the time or your elite IQ to navigate the options market

Conservative portfolio plus this kind of activity is my game

I am still pissed I didn't go all in 2010 with quality banks or solid companies and bagged 200% by now

A major ramp up was a no brainer but fear kicks in and ....................
 
Preston said:
You got me thinking yesterday with a contrarian play. I won't put any money on it, but end of day buying wouldn't shock me. I feel like it's going to be one of those moments where retail thinks they figured it out "oh no one will want to hold over the weekend so there will be selling EOD" and then they get their face ripped by big dick money.
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that was my exact strategy going in today....but my time frame was before noon because I did not want to deal with Friday option decay.

plus the market was so down this am, the risk reward was too juicy
 
Preston said:
Any plays going into it is a pure gamble so stop, you degenerate.
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I'm mostly in cash + longer term plays, and a few select runners leftover from winning trades . I was heavy short since last week - the market was incredibly generous.... plunging in an historic way that I couldn't even dream of. So no way am I overstaying my welcome. Probably more long than short right now. Content to leave my screen this afternoon while the robots duke it out.
 
CH1 said:
I'm mostly in cash + longer term plays, and a few select runners leftover from winning trades . I was heavy short since last week - the market was incredibly generous.... plunging in an historic way that I couldn't even dream of. So no way am I overstaying my welcome. Probably more long than short right now. Content to leave my screen this afternoon while the robots duke it out.
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Congrats, you crushed it.

Now's certainly not a bad time to start scaling into longs, I think. Slowly. Real slowly and carefully.
 
Look at the chart on what supposed to be my company. The deal went into CODX instead. First coronavirus detection kit. Stock has gone insane.
 
UWHabs said:
So last week was a bad time to check over my portfolio and re-invest some money? Sigh...
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If you're time horizon is over 20 yrs, and you invest regularly, this monster dip will look like a blip. The folks who invested the day before the banking collapse in 2008 (the worst timing ever) still saw the overall market double 11 yrs later
 
So not surprisingly, Powell released a timely but mild statement about supporting the economy...basically shifting weekend risk from the bulls worried abut corona to to the bears worried about the Fed. I will short any Fed inspired rally (if it happens) because extra liquidity will not defeat corona fears.
 
CH1 said:
So not surprisingly, Powell released a timely but mild statement about supporting the economy...basically shifting weekend risk from the bulls worried abut corona to to the bears worried about the Fed. I will short any Fed inspired rally (if it happens) because extra liquidity will not defeat corona fears.
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The FED doesn't make vaccines
 
That was a fucking awesome close. I haven't touched MJ much lately but I did buy the Cura dip yesterday pretty aggressively on the break of 52w lows.

From 5.90 to 7.12 in 24 hours - 2000 shares. Wow that eased some of the pain of my long port taking a beating this week.
 
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Market followed my "reverse" Friday script...but rally didn't start till 3:55 so I did pare some longs prematurely. But great week. And yeah, nice to see some pot plays come to life. What a drag those tickers were this month.
 
This week makes you want to put your money under your mattress

The last few hours was a masterpiece of robotic trading at its finest

Joe retail investor got smashed in the morning while Harry the hedge fund makes a fortune after 2pm buying Joe`s losses at a discount

Greed is GUD
 
Not my trade but perhaps someone got this 100 bagger. How to turn $400 dollars into $40K in 14 mins

Today's 295 $SPY calls went from .04 at 3:53 to $4 at 4:07
 
CH1 said:
Market followed my "reverse" Friday script...but rally didn't start till 3:55 so I did pare some longs prematurely. But great week. And yeah, nice to see some pot plays come to life. What a drag those tickers were this month.
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You nailed it. Again. What's new though?

I've been heavy cash on my MJ "play" money since the week of the Canopy earnings (didn't like the risk of that + corona still lingering so I sold most of what I had, which was GTII in the high low to mid 12's and all of my CURA at 9.32). Wasn't easy watching things blast off on earnings and sitting back and watching. But it paid off. I accumulated more GTII in the 10's (too early) and 9's this week and my first batch of Curaleaf yesterday. I'm not expecting an immediate reversal by any means but I do think some of these names have some sort of "floor" when all is said and done. A retail-based ownership and low volume on the CSE can cause unreasonable amounts of blood which can create great opportunities. But you have to pick the good ones. No pieces of shit like IAN or MMEN.

Anyway the MSO "holy trinity" of Cresco GTI and CURA will have earnings in March so it might be something worth watching. It's all at the mercy of the broad market though in the end.
 
GEEMAN said:
This week makes you want to put your money under your mattress

The last few hours was a masterpiece of robotic trading at its finest

Joe retail investor got smashed in the morning while Harry the hedge fund makes a fortune after 2pm buying Joe`s losses at a discount

Greed is GUD
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Just when retail investors got back into the market in full force swapping stock tips.

Morgan Stanley marked a short term top, buying E-Trade (5 million customers) just last week. Can't make this shit up.
 
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