/SMG/ - Stock Market General

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do not encourage her thanks

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STOP GOING UP

Sorry Wells Fargo, I've got money with you but I've gotta bet money against you.

It's gonna be fun watching everyone get burned on bank puts.

WFC honestly
wish i just went all in on that one. look at the daily chart

youd think banks would be making bank on revolving debt since interest rates are rising.

Does a $45 Put expiring in July sound good?

>her

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who here /tvix/

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I want to cry when I see obese girls with beautiful faces.

I hope you just bought and aren't a bagholder. Either way prepare to lose money.

Yeah but so is inability to pay back which messes with the bank's liquidity

meh. did some hedging since there was such low vol today. worst ill lose is about 30%

the extra time till june sounds good.
but go for a closer strike. deep OTM options lose the most on theta decay. its rough. the closer to ITM the less its effected

Kek
Was messing round with $10k trading tools and did TVIX
Parently according to "elliot waves" TVIX supposed hit $15,000 next few yearts $_$

Me lose most of money trying short SPY last two weeks XD
Looking for dirty cocks for clean with mouth >:D
Must live texas

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God bless America

i don't know, i really try not to deal with companies trading over 500m market cap, or over $20 in share price. I mostly trade OTC stocks so i don't usually pay attention the general market desu

thats what im concerned with primarily. lots of defaults recently and more to come. they shouldnt have lent to all those tards in the first place

47.5's the closest but twice as expensive, and I've been burned before by stocks not quite touching the strike. All the puts are at a discount today though.

What's with this low volume aerospace dumping?

I only bought some at 9 and 8. i've lost some money but nothing crazy.

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>he fell for the crash meme

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You'll likely make money on it, I would recommend selling it when the banks fall this week.

>he fell for the bull meme

>he fell for the memes

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i went with the 50 ones as i wanted to make sure i could have an escape plan/be able to hedge better. i dont like playing directional plays on regular stocks with too far OTM contracts. but you do you. if youre going for 45, give it more time

Stop with the golden bullrun memes, this is probably a bear market. So much FOMO today that its going to be so bad by the end of the week. We're dangling by threads.

Remember we are on Mr Trumps wild ride, we havent even got out of line yet.

The only thing I can think of is US / Russia tension, but I would've thought it would go up instead.

Think I should play a straddle or strangle? Safer than doing one directional shit I suppose.

Neither the bull or bear have been confirmed yet. We sideways market now. I honestly like the volitility. Great for trading.

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Sideways meme is the best meme

are you familiar with how they work/how to set them up/bias them for your preferences?

low volume selloff

power hour will be bullish as fuck

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First again

Key point being probably, be honest, you have absolutely no idea what the hell the market is going to do. None of us do.

The concept's pretty easy desu. Don't know about biasing but I'd rather not, because things tend to go really well or tits up for me.
Sauce me nigger

You're right on that. Bank stocks are very bearish right now, which to me is always an indicator of market health. AMZN is trading in green kumo right now and has been unable to break resistance. Needs to or will be a rejection with a trend reversal, IMO

This. Low volume dumps, we going to the moon in T-minus 90 and counting,

Since me opened short it prob gonna moon

>he thinks banks are going to go down significantly again after having such poor performances relative to S&P.

Already priced in. And they are going to beat earning expectations.

theres weird things goin on. israel just bombed syria alone again (no US backup). they hit some russian targets and a few syrian ones. everyones waiting to see how russia will respond (outside of just their statements). hence, we are in a holding pattern and going sideways.

really gives you a feel for how close we are to something big. its been like this for weeks

then give it a shot. just dont use too much. watch it like a hawk and figure out how it works, so you can use them more effectively on later big events. theyre one of my favorite ways to play volatile events.

WFC already beat their earnings prediction.

yeah they did beat. i just think they got a little more downside honestly. they look terrible right now. i either blow it or i win, but either way i gotta follow through, you know?

Shill me your favorite penny stock

I should note that BAC has downward MACD cross @ 5 min & 15 min intervals.

RIGL halted FDA approval i think cant find link may be big boys

NVCN. Solid fundamentals, large cap company, going to the moon!

so all these minor green days in a row is telling me that we got at the very LEAST one big dump a comin. VIX has been plummeting for like a week, im thinking its time to pick up some UVXY calls again for the next month. no way were just going back to normal after all this

saw that.
WFC just lost daily support too

red cloud forming on 5min BAC
we crash now

CARV, a great bank run by POC working on brining blockchain technology to banking

:^)

DPW. It is fucked if bitcoin doesn't rise though.

RSII

Shell company bought and being transformed into a cannabis company. They have new products that include CBD. CBD is going to be big, My chiropractor that is extremely christian always tells me the benefits of CBD when it comes to pain.

When it comes to the actual stock, the share structure is pretty tight and the float is getting locked, it's been trading in a pretty bullish fashion and could easily hit .10 imo

yeah if UVXY drops another dollar, then we will have gotten to the lowest its been since volpocolypse. something tells me its got a spike incoming

Anyone who isn't invested in CARV is missing out quite honestly.

>that buy order

holy shit

I'm saying the bull is back.

CARV is unironically going to the mid teens in the next two years.
Kneepad girl really needs to get into it

Buy CARV

Ok RIGL has FDA approval for sure this thing going to moon today

accessdata.fda.gov/scripts/cder/daf/index.cfm?event=report.page

im saying UVXY looks like a timer. i dont think its going to get lower than 13.50 this time.

I could see them being a serious competitor with the big banks in 5 years or so.

>JNJ had a favorable earning report
>still dropped

Am I missing something obvious here before I place calls.

Ditto for weed. Most trade companies are running at around 30% of normal volume on this red day. Power hour may or may not result in much action. Tomorrow or Thursday will see some pumping, depending. Bullish trend still in.

Hope you're right, im holding some now, but im hedging with some oil and silver. Not sure what else to get into at the moment.

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Future Farm Technologies. Canadian ticker FFT. US OTC is FFRMF.

Im not sure maybe it was the talcum powder thing

oh fuck comfy bro you get out of that RIGL put

Rolling

should we all be buying RIGL when the halt gets pulled? the buy order makes me feel like we should..

its too sideways right now to know. i cant find anything i wanna hold longer than a couple days like this. just been flipping small positions and options contracts and taking em off the table when i get a small return. im too spooked about everything to go long. still convinced that most everything in the market (from stock price, to earnings, to sentiment) is topped out right now, and that longterm, we dont have much upside left.

but seriously dont listen to me. im one of the tards shorting the banks right now. just trying to make the bets i see no one else making right now. market seems too complacent

i would wait for a drop then maybe get in

idk whats going on though the halt is really long and the news was leaked for sure

just be careful its a sketchy play

Oh I panic sold the day after I bought it for a 0% change :^)

careful man. you can get baited really easy like that. its just a matter of them closing it right before the halt, and then theyll turn around and dump/short the fuck out of you.

its seems so sketchy. i couldve sworn this was the co that reproted FDA approval the other day and then was like "lol, nope". and now were getting all these rumors that they DO have it? sounds fucking sketchy

whats the price target?

ehh its under a T1 halt now

I think imma just sit back and watch, could be a massacre or a big payday

im waiting for the halt to get pulled and watching to see if more MMs jump on the bid

oh and youre right

>im one of the tards shorting the banks right now.

Oh you're not the only one with that idea. The major banks are consistently topping the list of most shorted stocks here in Canada. Lots of people thinking a housing crash is coming amongst other things.

oh shit is that kneepad girl?

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lel yeah i got all the risk i need right now with my retarded occupy wallstreet positions kek

this is the kind of wisdom that comes from trading OTC

any number of things could set it off. banks never stopped fucking around, and were gonna have to pay for it.

oh hope she was annoying i hope mods banned her

its true though, just terrible company PR

seekingalpha.com/news/3346207-trading-rigel-halted-ahead-expected-fda-ok-tavalisse-immune-thrombocytopenia-shares-10

>talcum powder
which is pretty much resolved. Gonna buy a couple of calls if it gets a little closer to it's day low.

>this is the kind of wisdom that comes from trading OTC
i mainly trade OTC and have been caught with my pants down from not paying attention. Its a little easier than bigger markets with all the algos imo

wells fargo 5 min resistance rejection. Down she goes, 15 min 1hr 4hr 1 day still bearish trend.

thats just how ERs go nowadays. its one of the big things that is making me so bearish desu. fundamentals may have topped out

the less volume of trades DOES make it easier to figure out whats going on sometimes if you know where to look. im not savvy enough of a trader to make those work though. i suck at OTC

HEMP is gonna be a yuuuge industry in a few years.

comfy longs

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T-minus 50 and counting to moon mission. Close your shorts, or we're leaving you behind.

Every market has their tricks, i just prefer OTC because the manipulation is done by humans most the time, not machines. It's alot of looking at share structure, filings, management, volume.. also learning your market makers is prettty important, if a market maker is on the ask but not on the bid it could be dilution depending on MM

people are still buying that? ahahahahha

its low right now. if youre one of those guys who buys and holds VIX products (im not, but i used to), this is the place where you wanna get on. not when VIX is already at 20. i bought some june calls on UVXY desu

good tips