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I'm all out. Will look to renter when there is more convincing move coming.
Thanks !
Yeah I hear you.. have to think about it.. I may fold the remaining half AH and just re enter tomorrow when we see bears taking over..
Also Dow closing above 24s.. today look very strong but they are hitting major resistances here. Do you think they are strong enough to continue tomorrow?
What was ratio advance/decline at the end of the day? Did bulls fade in?
I just folded half and decided to hold half overnight.. tvix was pretty flat throughout the day after morning drop while SPY was on fire.. scratching my head
Doing TVIX and kids homeschooling LOL
I'm thinking TVIX may be better for a quick trade today. Drop was pretty sharp so hopefully it will have a bounce here at 200. SPY has a gap up this morning.
Thanks for sharing! Very simple guidelines. Good summary and start point. Now why FDA is not capable of putting something like that out there 18 months after Farm Bill is beyond me.
LABU has a good day today.
Just saying that it's not the first time that division between red and blue states is being brought up .. Unfortunately Trump keeps praising red states and bashing blue states.. this is NOT like a president of WHOLE country should act imo
Division is going to get only worse if Trump is going to stay in the office for another 4 years. I'm sure that Putin has his popcorn ready.
What's interesting that states that got hit with the most cases like New York, MA, California.. are blue states and they put more money in federal taxes to government than what they get back from them.. and now when they need help from government, they get nothing.. McConnell Kentucky state and other red states bring less in taxes then what they get.. this may get ugly between states imo
Any reasonable person would guess it's going down with all unemployment, companies going bankrupt, sky-high deficit, massive oil trouble, ugly Q1s coming, and so on.. all bad news and no good ones insight and yet market has had solid move up last 4 weeks.. so who the heck knows what comes next.. based on your lines break out one way or the other is imminent. Let's be on the right side!
Yes, I'm not a buyer here right now. SPY could be on its 3rd wave up from the bottom. You can't fight Feds and algos if this is what they want.. I played quick TVIX trade from 250 to 290 only because shocking oil development that created a little bit of panic on a market. Just enough to make a quick trade here.
Will keep eyes opened for another opportunity. Good luck!
Agree. SPY is going for strong close above 280.. however I'm surprised that TVIX is not going lower here eod but has been going sideways whole afternoon and now it's actually turning up .. I thought it would hit 250 with strong SPY close.
Watching
Not sure why RS would be related to capital rise. Market cap stays the same before or after RS... yes, it looks better on a paper to say they issue 5M (post RS) opposed to 100M (before RS) but at the end of the day it doesn't matter.
I would be OK with RS if it was only 1/2.. anything bigger than that will absolutely ruin liquidity here.. pps is already hurting with low volume.. add to it lack of liquidity and we are going to see only a few shares traded daily = big spreads/swings.. I don't like it. I'm voting NO..
One of the possible reason why would they issue shares now, before RS is if they know that whoever gets shares is going to be on their side with voting for RS.. they may think that they won't get enough votes for now, with additional shares they may be getting control back. Just throwing idea out there..
But it could be as simply as just part of the plan that they know they will need money to expand... Unfortunately I think it shows poor management and planning. If they need money for growth, it's something that should have been done a year ago, right after Farm Bill.. when their product was hot and pps much higher.
they literally wasted whole year on doing nothing imo
If capital is solely related to paying for drug trials..than I agree that maybe it would be a good idea to split company. Pure Pharma stocks trade totally on future expectations and not so much on daily performance and revenue so yes I agree that some traders/investors could be confused how to priced this company correctly.
I just got stopped out here.. SPY broke up
Let's see what happens next
Trying to test hod again.. if it breaks higher I may grab some with stop loss..
Yeah I'm hearing that they just passed additional aids so that may stall TVIX here.. but help is going to be short lived. I think TVIX will have another good day ahead. Watching to re-enter as well
Thanks! Watching.. wondering if TVIX can do one more leg up here.. not sure if we can get any good news soon enough.. I see Trump tweeting that he will save US oil but his words mean nothing at the moment.... I don't see anything major positive unless some states start announcing opening businesses which would be very positive and put some pressure off imo
I sold all TVIX at 300.. right before SPY broke down. I thought they would want to hold it at 276 and TVIX would top @300..
Watching now. Appreciate any thoughts on direction.. SPY 272.5 next? Will it hold?
Looks like TVIX may close a gap today. Good luck everyone!
Not so sure if package for small businesses will bring strength back to SPY and overshadow oil big troubles.
I'd think the package is pretty much done deal and built in here.. also it's for small buisness so not helping Wall Street big corps whatsoever.. I think they have to come up with something new and good to keep this rolling up or its time for pullback.
I think that announcement that some states are opening up is needed but doubt that anyone is ready to do so already.
Troubled oil is making TVIX good for a trade again today.. tomorrow could continue.. let's see how fast they can prop/fix the oil problem.
How's volume on SPY looking? Red vs green? Who is in control? It looked as if it could break up but oil messed up their plan.. are Bulls getting exhausted over there ? I saw your chart with gaps up and down. Ty!
Good to see that. Should be easy win which would keep others more careful using others brands.
Oh I can totally believe that. That's the biggest problem. Loopholes to keep rich becoming richer and keep regular folks to pay taxes and stay quiet.
Don't you find it ridiculous that you pay federal taxes every year and yet for example amazon paid $0 ? As we know Trump hates Bezos and he criticized amazon multiple times for not paying taxes but yet he won't change tax regulations to eliminate loopholes.. instead he gave them even bigger tax breaks.
I threw student debt as an example to show you what kind of numbers we are talking about.. that 2018 tax break for corps is more than whole amount of students loan.. AND everyone is totally OK with that but yes, most of people are totally against paying off student debt..
Im not for it as well.. I just used example how people are brainwashed that when part of government wants to give something to people, people hate it but yet are OK with adding to deficit for corps.
Ok, let me ask you this.. as we know Trump never released his taxes.. would you be totally OK if you find out that you hard working all your life, paid more in federal taxes than Trump who makes billions but yet he knows all loopholes and how offset his losses (bankruptcy) with gains for years..
Does it amaze you how people are brainwashed ? Like everyone was totally OK when Trump gave tax break to corporations in 2018.. Tax break that is going to accumulate deficit close $2 trillion! And people are totally fine with it. Nobody said anything. Now when for example someone from Democrats says to pay of student loans (just example to show numbers), people out of nowhere scream Hell No! That this is socialism. While paying off all student loans is $1.5 trillion.. instead of making big corps richer, yes we could actually do something for regular folks.. but regular folks are brainwashed and scream that they do NOT want that..
By the way all those big corps did not need that tax breaks. Economy was soaring. They were all profitable. And you can easy find data that 90% of that money was spend on shares buybacks (Wall Street loves it) and one time bonuses to employees ( yup as if rich CEOs didn't already make millions).
I honestly don't get like people are OK paying federal taxes at 20% and higher while big corporations are either don't pay at all or pay 7% only now.. how the F### that make any sense? It absolutely blows my mind that folks are OK with that and when part of government wants to actually do something and give something to people, they don't want it.
But, hey sounds like everyone loves that $1200 check from Trump which is nothing like pure socialism.. oh and yes, this money comes from our taxes that we all paid, it's not Trump money as it says on this check.
I don't agree with the article except the fact that yes there is a lot of fake competition but besides that the author is very ignorant on a few critical points.
Basically anyone who tries to analyze company buisness based on just first and last line of financial report without analyzing any numbers in between should just stay away from writing articles.
Period.. but hey, this is Seeking Alpha.. anyone can write anything.
Btw I have no clue what are Carl's JR ads.
Absolutely. Good, strong family is absolutely blessing to have especially during tough times. Stay healthy
Their recent ads would fit well into nursing/retirement homes. Good idea but not sure if this would be allowed since it's not FDA approved.. but definitely good idea to explore and give it a shot.
Big Pharma is absolutely disgusting.
If they come up with vaccination for COVID that is going to be mandatory for kids to go back to school in September, I'm going to be pissed.. and no, my kids sadly won't be going back to public school then.
I change my opinion on COVID everyday. I'm getting more and more sick of it and listening about it. I'm shaking my head reading how much money government is printing to avoid crash. More and more groups come forward and ask for more money.. Corporations bailouts, small corporations loans, the highest unemployment, extra $600, additional aid checks, now all hazard payments, and extra money to essential workers.. like how ? You can't just keep printing money and think that this won't come back and bite you sooner or later. We are going to see big inflation and normally you would see Fed rising interest to keep inflation in check but obviously they can't do a thing now.
The more I think about it, the more I agree they should just open everything up and do zero bailouts. The US debt is just getting out of control.
SL.. you are one of not so many exceptions and good for you.. you are probably going to see more like you because you live in CA that is more open/ progressive to alternatives and not just meds prescribed by doctors..
I live in MA where I hear a lot of good stories like yours but also dealing with stubborn mother in law that swears CBD tinctures makes her high and won't touch them. Even though she admitted to having anxiety and sleeping problems recently to us. Yup she is retired RN.. she trusts meds but somehow I feel that if CBD was sitting on shelf in CVS, she would be more open to trying it.
Good article indeed. That Hepmrise doesn't sound like a startup since they just dropped $60mln for new facility. It seems like their target is edibles. I agree with their CEO, only the ones that understand this crop and industry, and are agressive, will survive.
CVSI finally started ad campaign, redo packaging and website so at least they finally started to fight for customers.
The first few years when there were just few companies selling CBD, it was easy to for them to make money. Glad to see that they are noticing that the marketing is a huge part of their job. They can't just sit and wait for customers/money coming in easily like before..
Boomers are stubborn as hell and they trust anything their doctor tells them and prescribe them. Personally I think that until CBD gets approval from FDA, Boomers won't touch it. Once CBD is on a shelf in their CVS or Walgreens next to their meds, they will get interested in it.
It would be great to see to get physicians educated and on a board with CBD.. but we know that they are sleeping in a bed with big Pharma so I don't have high hopes here.. obviously there are going to be exceptions..
OMG. Just saw the news! This is just devastating. Figi and her family went through so much suffering during her short life..
She is going to be always remembered. Stanley Brothers and her started something huge that we all can benefit from nowadays. So sad
Agree. all corporations are in preserving cash mode. Forget about any shares buybacks for quite some time.
Feds can keep proping market only for that long.
I'm not a fan of Cramer but I agree with him scratching his head about recent market rally..
"There's a curious disconnect between when you speak to the companies, most of which are closed, and what's going on in the market,"
Excellent ads for all of their topical products. I wish they could run them on TV but the cost would be probably too high. . But but isn't our CEO specialized in marketing via youtube?
Rushing to finish my taxes for the last few days here.. uugh..
Yes, I agree that this January meeting now has more sense and most likely was related to the patent.
Also Interesting catch that they used cbd from Noramco. I wouldn't be surprised if they are going to partner with them or in fact any one of the companies that were in January meeting to move forward. It definitely would be a smart move to partner with someone that has money and is capable of doing trials. There is just no way cvsi can do it by themselves.
Either way very interesting.
Looking forward to lawsuit being dismissed. I wish cvsi has money laying around that could spend on lawyers going after Citron now. It should be easy win with a patent in their pocket.