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not a great deal of demand on the bid though either...
UVXY is going down to the 12s imo, I think SPX will test 2070... it's been tapping for a break upward all afternoon now
Yupp I heard it... Canada would be good for sure. They'll have their hands full in the states as soon as ballots are collected in November too. Exciting times my man, exciting times!
I wasn't super impressed with the presentation and maybe it's just because Corey isn't the best of public speakers but I do think the company is headed in the right direction and there is about to be a whole lot more business
Direct link... AMMJ Presentation
It's very suspicious that that was your very first post.
A bit of crazy action here eod
The simple answer to your question: yes-- the majority of the time UVXY will run inverse to the S+P. VIX is a volatility index though which thus measures the volatility of futures within the S+P. Search up contango and backwardation, both are paramount to understanding the decay of UVXY and the "safest" times to buy in to this etf.
Was in Mexico checking out Teotihuacan today so didn't even see the market until now, I have to wait T+3 though because it's an ira and my brokerage doesn't do limited margin unfortunately. I have some in cash but primarily out of the game until Thursday... I'll be back in without doubt though. Fingers crossed that the market can just be oblivious for another day.
kinda kicking myself in the a$$ for that now, i sold like 10 minutes too soon afff... you probably took the shares i turned! this market is crazy though. just an hour ago it was looking poised to test 2060 again. anyhow, enjoy the cash man. any crazy reversal aside, you're absolutely right, this should run for a few days to come
yeah perhaps, i just scalped out at 20.10 a bit ago... not much of a gain at all but i'm not crazy about this stairstep market action eod. it's looking like it will make a healthy run to try to break 2060 here. earnings aside, if 2060 breaks and holds above, i think it will try to retest highs. that will be my next entry... if i miss the boat, i miss the boat. glty... will be back in if i see an opportunity
in @ 20.00 myself, this market is looking like a fade all day... almost an exact copy of the trading day friday. it could make a rally eod but i dunno, i don't see that happening two consecutive days. this market barely has legs anymore. we shall see how it closes...
if market doesn't hold gains today, this week will be massive for uvxy. i'm looking to add near eod depending on how things unfold... would also love to see it fail a retest at 2060 again this afternoon
LMAO that was great man
I also thank you for your post sir! You put a lot of very good information out there to consider with UVXY and similar etfs.
on my watchlist, bounce coming
bear flag, headed lower from these levels
Good post sir. I differ slightly on the bit about buying new lows but I'm a technicals trader for the most part. I gave you a follow. Read some of your past posts and can tell you know what's what.
Hit the upper bollinger, rsi is midrange, sold back down below the 50-day, indices are uneasy... I love $SRNA, it's a real company in a good niche and the float isn't exorbitant. I do believe it will have a huge run but the techs are really saying that this is going to test lows again before any real bounce. The only thing that could change that is some amazing news for the company or the industry. If you are already positioned, just keep averaging. MJ plays are borderline end of consolidation/start of accumulation phase right now it seems.
not supposed to support other stocks on this board, you can check my profile though mate, you'll find some there... unless the moderators here continue to be j@ck@$$e$ and delete my post again.
Like I said, if it breaks back through 6 I'm out, if not I'll ride it towards 10 and get out. Let's be honest here... this thing will be going lower again before it goes too much higher. There are much better places to put money right now. ATTBF has no cash on hand which means they are diluting by issuing shares for operations. There are MJ companies out there with lower float and better niche/vision in my opinion. Glta
If it breaks the 6 I'll be out, but until then, I don't agree with you.
looking strong!
i highly doubt anyone on this board was in at 035. at any rate, i can assure you that i'll be sitting with the L2 on monday... short techs are still bullish as it broke and has held the 6 sooooo we'll see. there still seems to be a lot of holding despite the crapshoot of a corporate update as there was minimal shake. i'd love nothing more to see the short squeeze, but i'll leave that to the L2. have a good weekend.
abattis management is chock full of boneheads. you can be assured of this in moments like these. the stock is on the verge of a breakout and then they decide to release news that will likely hurt the stock rather than help it. i guess we'll soon see if the technicals can weather this man made storm...
you said it, not me. glty too
true, true
only if it breaks 7
This.
Very good news for all of the Canadian side of the MJ sector without doubt. I don't see change any bit imminent but at the very least progressive legislation will be on the table now. Liberal majority is never bad news in this biz.
I guess next up is California's vote in around a year yeah? The outcome of that will have huge consequence to the alacrity and direction of MJ. I fully expect the sector to pick up well before that date in anticipation though. The only concern I have lies with the health of the major indices to be honest, if they can remain intact then yes, I very much agree-- Green Rush 2.0 at some point in 2016.
pretty sure he was referring to convertible notes
I haven't stumbled across anything in regards. I was adamantly against the ATTBF's hemp water plans though. Maybe it will pay off in the long run but it's not a new idea or anything so there is a handful of suppliers that merchants can buy from. At that, if the labeling is still the same, it's not a very aesthetically pleasing product.
I'm with you on your reasons for investment and I do also believe that their strategy could be hedged by splitting focus on application in other agriculture... especially while the MJNA index is down. The truth of the matter stands that ATTBF still doesn't have a viable income and basically no cash in regards. The elections are the single most important thing for this stock currently though. It needs a Trudeau win. That won't change things overnight but it should provide some hope for traction again. ...And, California needs to legalize already danmnit! lol
It would only equate to increased competition in the industry. Considering ATTBF doesn't have an MMPR now, legalization would actually help the company in the short term and likely in the long term since they aren't new to the industry... that obviously would depend on how they play their cards and where the chips end up landing. Even legality will maintain regulations on the companies in the industry so Northern Vine going ahead with the security build is definitely a plus either way you look at it. And Abattis strategy would likely stay the course, it just would no longer be under the pretense of MedMJ.
Bounce coming, hold your seats everyone
Chart is looking very, very interesting as of late.
You see all that red there on the volume? The dump started in February and hasn't even slowed. This is going lower yet and the news is for suckers. USMJ could be a great paradigm in theory but in reality it clearly is not. Dead cat bounce is the best that one could hope for here... Be warned and steer clear.
Abattis is obviously strapped for cash now. This is by no means good. The good news is quite simply "lack of bad news." The company hasn't turned to toxic financing. I'm not so sure about this Clicking Capital situation but if it helps ATTBF stay afloat for another year without extreme consolidation then it will have been worth it. There's no guarantees there though.
artificial 3's, only 300 dollars traded. it will probably hit volume in the 3's to come though
does anyone have an updated float on this stock? investor presentation was dismal at best, didn't provide anything in the way of share structure