Can't really see as it's enclosed and out of sight from public ... think may be that way by law? They have liciences posted at road and a security camera sign there as well. It's like pictures that have been posted.

I also stopped at MJ store and inquired about grooves chews. They had them on their list but none in store.

Well I am familiar with the area. It's out in boonies, mostly grasslands, cattle and wheet lands. It looks like they have plenty of room for expansion ... the facilities are a ways from the road. I only drove up to gate, didn't drive in, but looks like other pictures I've seen.

Well, I was in area and did a drive by of the farm. Was a black car there but I was leary of driving through the gate. Viewed the liciences posted at gate but that's about it. Not sure we'll still be in washington come the 12th but I'll put some thought into it.

What happened after hours? Dang wierd!

It does bother me when I read some of the market news. A company looses money but was less than expected so is a buy ... what? If companies are loosing money they never should be a buy lol. I think they want bagholders so they are not! People will wise up eventually ... sentiment will sink!

Make no mistake, "Sentiment" vice fundamentals or technicals is what drives the market. But that doesnt mean fundamentals and technicals are not catalysts of sentiment! But it does take a change is sentiment!

Economic data has showed weekness - although they may beat analysts expectation, everything is basically lower y/y. Inflation data, upon analysis, actually showed a rise in a gauge of inflation as lower oil/gas prices was main downward push -- it's seasonal and I dont think $70 a barrel will hold. Fears still exist about the stability of regional banks, debt ceiling impasse, depth of ression ... all play into sentiment. Something has to break!

Even Warren buffet, long the market, is selling stocks and buying short term treasuries ... and that means he is loading up on gun powder! Other analysts say the same, but some still pushing bull -- I can't help to think they have self interest?

I do believe SQQQ going much higher. Debt ceiling may be next and a big catalyst (there certainly others on shelf). I might talk more detail of debt celing later as, yes, it will be raised but there's much more too it!

Wish I had that crystal ball but I do have patience! I don't think I'll buy on first dip at this point ... something about not catching a falling knife ... think a great entry point is comming though.

Luckydude, many points were made, not sure which you want me to address but I'll try.

I mostly agree with the banking comments but I'm not sure it's to consolidate small banks in big names although that thought has crossed my mind. FED has considerable power over banks ... FRC was closed and sold in one day ... seems there was no due process? None of the banks entered/²filed title 7 nor title 11 bankruptcies ... we don't know they were actually insolvent??? But we do know the FED took swift action. That shows the power of FED! But clearly only the bigest fiancial institutions have the capital to take over these banks, so I can't say, one way or another, it's there plan. A simular thing happened to GM, stock was wiped out and government and union became the new shareholders. I didn't think that was right because there was a long established and legal pecking order that wasn't followed.

As for Evergrande, China wouldn't bail them out. I think the loans from big lenders to bail them out is risky. China as well as most foreign countries can just say sorry but you don't get your money ... has happened many times before. Why I rarely invest in foreign markets, exceptions were Canadian MJ that I regret, a vitietnam shipping company i regret, a Canadian ATM company and Norway salmon I was happy with.

So this is my disclaimer, I don't follow Evergrande situation so just my opinion based on limited info.

The other point was power of big internationals companies, particularly fiancial sector. They certainly have power but I don't think it exceeds power of any foreign power, rather money is influence not control. But internationals have to deal with rules and laws of governing nations which
carry subsequent risks (and benefits). Think of the companies that were in russia but are no longer in Russia ... Russia is but one example but shows some of the risks. Perhaps, thats why C's stock trades as discount to NAV year after year??? Certainly a thought but then a stock's price isn't based on it's fundamentals.

Well several points made. I mostly agree with banking comments but I'm not sure it's to consolidate small banks in big names although that thought has crossed my mind. FED has considerable power over banks and I note none of the banks entered bankruptcy, neither title 7 or 11. The only banks with the capital to take over these banks are the big banks!

As for Evergrande, China wouldn't bail them out. I think the loans from big lenders to bail them out is risky. China as well as most foreign countries can just say sorry but you don't get your money. I rarely invest in foreign markets, exceptions were Canadian MJ that I regret, a Canadian ATM company, and Norway salmon. I don't follow evergrande so my opinion on limited info.

The other point was big internationals companies, particularly fiancial. They carry their own risks. Think of the companies that were is russia but are no longer. Russia is but one example. As for the power these companies have, it's huge, cuz it's lots of money. I guess that is perhaps why citycorp C trades as discount to NAV. Just my opinion.

It certainly popping back up after hours -- you probably made a great call!

The answer to the first question is: exuberance! There is a lot of it but It's the only thing driving things up! That said, I sure agree with you!

Always wish everyone luck, Whether T or S ... i certainly wish you luck Jim! But it's too early for me to jump back in as looking for bigger dip ... may not come and I'll reevaluate then. Seems evaluations happens every day lol.

I certainly agree! It is unlikely to get inflation under control (below the 2%) without also addressing the root causes of inflation ... I have zero confidence that will happen becausevthey are not looking at it in that way. Hence, they will continue to treat inflation with interest rate hikes ... that will eventually work but at the expence of the ecconomy and over longer term. By how much and by how long is the question.

The FED doesn't really care about equity markets, one way or another, as not their role. Powel saying markets are overpriced just gives them a little justification as interest rates will certainly negatively effect markets (but not a why for interest rate hikes). I agree with him there are areas where the market is largely overpriced by historical standards (but just how markets go).

Bulls will continue trying to sell this market. Their common theme is it will rebound huge in a year or two. Well, even if it does (likely true) they avoid addressing the pain that can exist till then. It's that pain I want to avoid ... or at least make money on pain.

That's just part. Liquidity has screwed me before. So liquidity very important due to ease of selling at price you want quickly vice chasing something down that doesn't have liquidity and losing $.

It will come ... patience!

Weedisgreen, Ive been in and out of ACB and always at a loss, but each time I told myself it was a good move. Now, yea, it's cheap and not as much to loose, but ACB situation is not even close to promising as the other times I bought. Only reason I would buy would be to avenge my past losses.but need to see spark that tells me it's possible ... don't see that at the moment.

So, if I understand right, they paid $10B, received $200B in assets, and cover $100B in deposits (not exact $ amounts) ... that's quite the deal/steal!

I'm still waiting on sub 25 to jump back in. I might be missing out on a ton of smaller moves!

Looking good today. Maybe investors are finally seeing economics and poor fundamentals and thus impacting market exuberance/FOMO? Or maybe that is still yet to come and could just be anticipation of FED moves? Guesses anyone?

Yea no telling on when. If it didn't drop from 32 a few days ago it would have been positive month, but it is what it is. I expected FRC fallout to have some effect but looks minor. Guess We'll see what FED does this week...

No! JPM is taking over assets (+$200B ) and deposits (-$110b) but not shares or debt. Will have to hear detail but that looks to me like $90b profit for JPM??? Although I did read only $2B for JPM (and a 13B loss to FDIC). Eitherway, FRC common, preferred, and bonds now worthlsee and FRC is no more.

Why does it have to flipped into some political argument whenever someone says something someone says something ... anything ... that doesn't fit one's mindset??? Come on, people pointing out banks are failing is not political propaganda but reality. Banks take deposits and turn them into loans making money off the interest, thus no bank can survive when depositors pull all that capital out -- it's the bussiness model not the political model.

But thats not why im here. FDIC asking banks for bids on FRC assets certainly means receiver is on table and thus all equity is at risk. The banks that take over these assets are the winners here, getting them for pennies on the dollar. Not because FRC loans aren't profitable, but because they lost the capital/deposits that make it profitable. Big banks receiving the assets are the only winners. Sad, but is the reality.

Well, I said sub 25 so it'll surly move up at $25.01 lol ... it's my luck history speeking! I still think there is a lower buying point comming soon.

Yes, earnings reports still flowing in. But, personally, they are not the best and covers the whole quarter vice current status. Some earnings are showing warning signs, for example, and not saying this is a leading indicator, but UPS reporting big hits and downtrend. And chips not good ... Stuff flows down hill! FOMO is powerful so it's a waiting game right now.

There was news, it was their earning report but they took no questions so is silent. If they sell assets, or sell to bigger banks, it will be pennies on the dolar and equity will be wiped out. Not sure what hope you are holding out for but situation gets worse daily with now a theat to loss of credit by fed. So what are you holding out for?

Yea, Microsoft up 8.5% after hours on downgraded earnings beat. Microsoft a good company and still near top but it's high valuation and headwinds will bring it down soon enough. So, short term, we'll see a down day tomorrow but like you said, short lived! Lots of headwinds out there to hit market!

Yea, well it's bad news when the earnings call doesn't take questions ... down 12% afterhours since earnings release--sorry earnings report! Over $100b deposit outflow and a step away from being devolved (equity would be wiped out). Now, frankly, I was going to take chance and invest but far better odds just putting money on the 00 on roulette wheel! Sorry all!

I'll be with you on 30s but I need to buy in sub 25 first.

It's creaping up but not fast enough. Next couple of day or we have to wait for that :may and done" they been talking ... that will bring us into debt limit debacle. Not sure I can wait though till mid may though.

I would like to see sub 20s again --- I would buy in big! But think 20 to 25 is good to buy back. Maybe we'll see that level with debt ceiling debacle comming up. Depending on earning after close on Tuesday, if a miss, I'll drop. They already lowered expectations so beats seems more likely ... and T may go up. I might buy in tuesday but I'm certainly looking for a lower point to jump back in big.

I believe that if investors move back to looking at fundamentals, they'll start realizing most of nasdaq is way overpriced trading at huge unjustified multiples and will crash down to normal levels ... a dotcom moment??? I'm not saying these are bad investments, they are not, but they are just way overpriced.

I don't agree with buying now as they'll bring returns in 2-4 years. I honestly dont know what these people are thinking? Yes, its likely true but that can be true of any stock. The future is too far off! In hard times FOMO gives way to more fundamentally sound choices so I'll buy when reasonable -- right now SQQQ looks good!

Next week is sure to ve a defining moment one way or another.

This week basically flat. Next week will be a defining moment with several big tech reporting earnings. I'll watch and may jump in if promising. I still have a big chunk of S ... would have got out this week, awaiting next week, if wasn't so flat.

Or, perhaps, will be at an even better buy point for the even more patient! Lol. Seriously, none of know for sure, we only have out gut feel, but i can agree it's a good price here!

Today pre market even better 26.50 opportunities ... with futures down 150 it makes me leary ... I'm staying clear till I get better reads!

It has cooled the economy for sure ... the big question now will be the next rate hike <or> a pause. Economists and big traders are calling for a pause. But inflation hasn't hit what the Fed desired so another rate hike can be expected. Also the fed hinted at higher rates for longer so it could drag out. But yea, depends on if you believe they can do a soft landing! Doesn't mean you can't make $$$ here!

Yea, I was 10 cents too cheap lol. Not a problem but 3 failed to fill orders so I'm not putting in an order rest of week.

This market is crazy and mostly constant -- I would call it top behavior or bottom behavior in case of SQQQ. Market can't shrug of host of issues forever so probably good times for SQQQ is comming!

Does ACB still exists? Thought they ran out of $$$? What is the status?

Wow, just no movement! Looks like it's waiting on something lol.