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Hey Nerds: Blockchain

I completely missed this earlier. I’m invested with the Gronk, via ABCS.

I’m back to break even in the name after today’s push.

Woot!


NEW YORK, Aug. 27, 2019 /PRNewswire/ -- Rob Gronkowski, three-time professional football champion with several records to his name, today announced that he has become an advocate for CBD and an investor in Abacus Health Products (CSE: ABCS)(OTCQX: ABAHF) ("Abacus" or the "Company"). Abacus is the maker of CBDMEDIC, the first family of all-natural topical medications that combine over the counter (OTC) drug active ingredients with CBD-rich hemp oil and other natural moisturizers. As part of the agreement, Gronkowski will partner with Abacus to expand CBDMEDIC's product line, with new recovery solutions planned for 2020.
 
Moar up today.
Don't bet against Gronk!

ABCS
9.05 CAD +1.65 (22.30%)
 
GTII puts out smashing earnings. Had a nice pop end of day. we'll see if that continues tomorrow.

And CH1 and I's pet stock, CBII showing some promise on their ER as well. Good to see they're on track.
 
MOMO growth stocks like ROKU are being decapitated. I recently bought a lot of unloved crap-- FIT CROX OSTK X GOGO and they are keeping my portfolio happy.

On the cannabis front, OH is finally moving up on the CL arbitrage. And I dipped a toe in WLLW -- another play in synthetic cannabinoids.
 
CH1 said:
MOMO growth stocks like ROKU are being decapitated. I recently bought a lot of unloved crap-- FIT CROX OSTK X GOGO and they are keeping my portfolio happy.

On the cannabis front, OH is finally moving up on the CL arbitrage. And I dipped a toe in WLLW -- another play in synthetic cannabinoids.
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MMEN'S DOJ non-news was the reason I bought a shit ton more OH yesterday. I felt it would be far more of a catalyst for OH than anyone else as it would calm people's nerves regarding their approval. Chart man Dan actually later mentioned it in his video which kind of made me feel like I know what I'm talking about. Sold those portion of shares earlier today for beautiful gains (I do expect CL to sell-off to help close the gap, so the discount isn't a huge advantage anymore really IMO). Still have my core position, which is substantial in itself. With GTII and OH as my clear largest positions, this run has been kind of awesome. A little slower grind up than the norm, but I'm seeing awesome gains every day. I don't hate it.
 
MindzEye said:
Don't feel like firing up the charts right now, but here's the coles notes for you to take a look at.

Suncor
- Looking for a trend reversal as it just broke the downward trend it's been in since March. Would set my stop at that big nasty bottom they had in December, 35.53. It's just bumping up against the 20sma right now, I wouldn't enter until it's over the 20, I hate trading against the 20. Even if it's not breaking out of the long term downtrend, there's room to run to the 1st price resistence level at 42.77.....if it rejects, pull the pin and take profit.

Apple
- Solid long term uptrend with enough movement between the higher highs and higher lows to make coin off of. Support at 192.58 (and where I would set my stop if I wanted to ride), 221.37 resistance, where I would get off if it rejected.

Roku
- CH's favourite stock is in a long term uptrend. Had a nice run recently that I wouldn't chase (RSI of 74 right now, so the move will probably run out of steam shortly) but if it pulled pack into the low 130's I'd consider entering.

If I had to pick one for a quick hit, Suncor has a history of rallying hard after hitting bottom and then throw in the geopolitics of oil always being volatile in a world where Venezuela is a basketcase, Trump is the president and Iran is jacking tanker ships. That's probably where I'd go. Just watch for resistance at the 50 day sma (39.80 right now)
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Wanted to revisit this....Suncor and AAPL would have been good entries on the 27th for a swing trade but I would have missed out on the rest of the upward ROKU move into the 170's that hit a brick wall the last 2 sessions. Still in solid long term up trend territory though. Best part is that when it re establishes support here, there's a lot of range between new support and that 176.55 high. Lots of room to play swing trades in.
 
MindzEye said:
You still in Pyxus CH? Nice move today
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yep. I have the 25 calls that expire Jan 21 . In the green at the moment, but willing to take some heat on them. There was good volume on the options today.

GWPH is presenting tomorrow. Got some lottos just in case they have some data on their brain cancer drug
 
CH1 said:
OH ended at the highs. It's still got some juice left IMO
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yup. I sold out of the shares I bought yesterday. Admittedly didn't see the CL bounce coming late day today. I still think it's weak leading up to the deal closure though. Still a decently sized gap to fill between the two as well. Realistically, OH should at least be at ~$9.50 if CL maintains current levels if you want to price in some uncertainty. I still have a very significant core position (my largest core position ever on MJ) averaged in at 6.70 so I'm hoping we see more of that juice. Today was by far my most profitable day in MJ since I sold out of the sector in February. Fuck, I even have a tiny bit of PYX in my baby US account.

Feels good.
 
In other news, the real life Christian Bale character in BIG SHORT has been aggressively buying video game retailer GameStop. Now owns 3% of the company.

Stock is getting crushed about 10% AH with another predictable bad earnings release
 
MindzEye said:
What's his thesis?
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His thesis is everyone but him is wrong.

Joking aside, it's that Sony and Microsoft announced they will still use disc drives in their next-generation game consoles.

He might get a bump at some point, but in a streaming world, I ain't smart enough to see the long term upside.
 
I think they're in an interesting position to pivot into some sort of mixed retail/gaming lounge concept which is where gaming is going imo, to a more social activity. But if the idea is that theres another 10 yrs in physical game media and the market is under valuing that reality....welp okay
 
CH1 said:
GWPH is presenting tomorrow. Got some lottos just in case they have some data on their brain cancer drug
Click to expand...

These worked out well, even without the brain cancer drug news I was looking for
 

Insiders at U.S. corporations are selling shares at a pace not seen since before the financial crisis a decade ago.

Insiders are people who work as directors or senior officers of companies, whose compensation often includes things like stock options and common shares so they have a vested financial interest in the companies for which they play key roles.

Because they are so fully invested and have access to data about how their companies are performing before the general public does, some investors believe valuable insights can be gleaned by watching whether insiders are putting more or less of their own money into them.

If that theory holds water, one message has been coming in loud and clear of late: sell.

According to research firm TrimTabs, in the month of August insiders at American companies were selling, on average, about $600 million worth of shares in their own companies a day (all figures US).

Five times this year already they've sold more than $10 billion worth of stock in a single month. The last time the markets saw that much selling that many times in a year was in 2006 and then again in 2007 — right before the stock market imploded in late 2008.
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It's also quite telling to note where much of the selling is taking place: tech stocks.

Insiders at technology companies, including the so-called FAANG stocks — an acronym for Facebook, Amazon, Apple, Netflix and Google — have been some of the biggest sellers. That could be a sign they think the impressive years-long run-up in the share prices of those companies is over.

Data from Canadian investment firm INK Research shows that Amazon insiders have sold $2,862,703,598 worth of shares in the company through July and August — three times the amount of any other company.

A good chunk of that was by founder Jeff Bezos, who was possibly selling shares to abide by the terms of his divorce agreement with wife MacKenzie, from whom he split earlier this year.

But other Amazon insiders have also been selling. And while the company may comfortably sit atop the insider selling leaderboard, other tech companies are on the podium.

Facebook insiders have sold a net of $377,471,675 worth of their company's stock; Apple insiders $61,942,104; and Netflix insiders $31,264,279, all since Canada Day.

INK president Ted Dixon tabulates that U.S. firms are seeing, on average, 55 net buys by insiders for every 100 sells at the moment. That's not as low as the 30-per-100 seen earlier in the year but still considered low by experts — suggestive of an insiders' market that is, on the whole, getting out.
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Cash is king I guess.
 
The Warren effect (partially)

-Amazon is likely to get targeted by anti monopoly, labour rights, and various other investigations if Warren wins.
-Investment banks are terrified of Warren, and they should be.
-Google is likely to see monopoly investigations under a democrat president (especially if they also have both houses, which looks likelier by the day)
-Facebook is going to get facefucked by whoever replaces Trump for their data management practices. Doesn't matter if it's Warren or not. Any Dem is going to walk up one side and down the other
-Netflix insiders see the incoming tsunami that is Disney+ raping their subscriber base.
-Not sure why AAPL execs are, but I'm sure some combination of trade wars with China, Warren disruption, etc would explain it.
 
Insider selling is not a reliable indicator. These guys are protecting profits after a nice run — as they should. They don’t have a crystal ball, they’re just evaluating the risk/reward like everyone else.

Insider buys are a lot more telling. That’s putting skin in the game by someone close to the action.

It’s why I recently bought GOGO. There’s a chance they go bankrupt but the CEO is loading up. (And he’s not a founder so it’s not his baby)

As for FANG, follow Scott Galloway. His analysis is amazing and his predictions have been uncanny and brilliant for years
 
As an aside, Trump’s gong show has been great for my trading account. So many dips to buy.
 
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