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03-04-2022, 08:49 AM | #12481 |
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Unless we get some kind of buying or short covering or something, there is absolutely little to like on the charts right now. The only ray of hope is we could possibly be setting up a head and shoulders bottom.
But the down trend strength is really strong right now and the market internals suck! edit: We bounced right off the 20 day Linear Regression line on both the SPYs and QQQs. Morning could be interesting..... Last edited by petegz28; 03-04-2022 at 09:01 AM.. |
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03-04-2022, 01:36 PM | #12482 | |
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Quote:
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03-04-2022, 01:38 PM | #12483 |
Mod Team
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Max pain!!!!
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03-06-2022, 02:47 PM |
Hog's Gone Fishin |
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03-06-2022, 04:33 PM | #12484 |
Mammoth penis
Join Date: May 2006
Location: Springfield
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03-07-2022, 12:59 AM |
Hog's Gone Fishin |
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03-07-2022, 01:22 AM | #12485 | |
Seize life. Be an ermine.
Join Date: Jul 2001
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VARSITY
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Quote:
This web site doesn't think much of them: https://seekingalpha.com/article/434...r-u-s-exchange It looks like they just do massive stock issues frequently to get people to buy in, even though it's not creating value. It dilutes existing stock holdings and then they reverse-split back to some level of capitalization and everyone who bought stock loses most of their value through dilution: https://www.fool.com/investing/2020/...s-are-buy.aspx
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03-07-2022, 04:43 AM | #12486 |
Politically Incorrect
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Didn't expect the invasion.
Once it happened, knew it's going to be ugly. Next stop $135-140 for oil. This could blow up to nearly $200 a barrell as there is no resistance left
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03-07-2022, 04:47 AM | #12487 | |
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Quote:
Wanna bet your existence on CP? You have no balls, just a big bullshit mouth and a loser strategy. Gonna take the bet pussy?
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03-07-2022, 07:06 AM | #12488 |
Politically Incorrect
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This morning on CNBC Worldwide Exchange, a Wedbush analyst took a blowtorch to Cathy Wood and her Ark Funds. Called them complete garbage and that she had the worst strategy as a portfolio manager, trying to catch falling knives by keep buying in as the tech wrecks kept dropping by 30-40-50% or more.
It was the most brutal attack from one Wall Streeter against another since Carl Icahn went after Bill Ackman over Herbalife. Basically said she did nothing to protect her clients assets in a tough market and made it worse by an overly risky strategy.
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03-07-2022, 07:29 AM |
Hog's Gone Fishin |
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03-07-2022, 07:32 AM | #12489 |
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I hedged wheat too early. If you want to look at madness in a market look no further than the Kansas City Wheat. There is a bunch of wacky ass shit going on both on the board and locally.
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03-07-2022, 07:35 AM |
Hog's Gone Fishin |
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03-07-2022, 07:37 AM |
Hog's Gone Fishin |
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03-07-2022, 07:49 AM | #12490 |
Cheat Death
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Not sure who in here was floating the prospect of energy stocks but I took a flier on XLE in the mid 60s.
So thanks! |
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03-07-2022, 08:21 AM | #12491 |
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FYP
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03-07-2022, 08:25 AM | #12492 | |
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Quote:
But even back in 08, the elevators would still offer a bid on the July contract for wheat. My coop and Garden City Coop are the only elevators still offering bids on the July contract. Everyone else has moved to the Sep (ginormous inverse carry) or offering no bid at all. A broker told me there was an end user that was trying to buy wheat, delivered like now, of the July 2023 futures. Nevermind that that is 20% off the July market. That shit didn't happen in 08. |
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03-07-2022, 08:26 AM | #12493 |
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03-07-2022, 09:05 AM | #12494 |
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03-07-2022, 09:51 AM | #12495 |
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QQQs down yet another 2% this morning. SPYs not far behind.
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