This may turn into a longer term trade, taking some off was a sizing issue given how much I've been adding on pops coming into today. It's all on bulls now to get me out (levels are pretty well defined with that $51-$52 level now likely to be major resistance going forward, would be looking to take most off when we get into $44-$46 range), playing with their money. Still short both stock and via spreads.

yeah, i like that strategy ,, its what i have going with DNB right now. I am re starting my HRB short today, nothing too crazy as this quarter is not really its defining one but this delay in eitc might have hurt them.

Newbie question, but how do you see the amount of stocks that are bought for the day (log so to say)

ok who's BTFD in snap

that dumpoff happened quicker than i expected

Really wish my pip short had gone through now, down to 60 cents

I wish I had the balls to hold, but shorting penny stocks is scary no matter how fundamentally sound the trade is. Still made out like a bandit cuz people apparently don't understand dividends at all.

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Anyone know anything about LOB?

Anyone follow BBY? Have they bridged the online gap here or how have they managed to impress while other retail is floundering?

I found the quote below interesting, which was posted privately to Kickstarter but publicly on this drone mfg's Indiegogo page.

It's entirely possible what described is standard for BBY operations and XCraft is just buying time on their own ****ups, but figured I'd share in case it may be indicative of something otherwise.

I think there's an easy short across the whole weed sector in Canada right now. Yesterday's move probably just the start. For those who missed, the feds basically said they don't expect a speedy route to legalization. So you've got growers with obscene valuations who probably wind up sitting on more product than they can sell legally. Quite curious what they do with the tons extra they will surely find themselves carrying.

Weren't you saying that you knew someone who said the legislation is essentially drafted already? So it's just about specific provincial implementation? Isn't this just a speedbump for long term bulls?

That was my knowledge as well, I guess we're getting close enough to elections that they think that can get the conservatives to hurt themselves by taking a stand against it, without losing too much Goodwill if they can show the legislation is ready to roll out immediately post election

Nope. I said back when the task force was due to report in November, that that report had been done for ages. They had long since decided they would report a green light to legalize.

But the implementation was always on the Provinces, and on that like I said before, I have no idea how they plan to roll out, or where.

Do you think I'd own 0 shares right now if I thought legislation was about to pass?

Interesting. I bought some on the bounce and am risking a good chunk. I don't see how this will effect the long term for solid companies like MJN [cronos]. Their money is in their giant stockpile of genetic material, diversified holdings, etc... If anything I see something like this letting them slingshot towards WEED/APH.

The sector is dumb and suffering from multiple personalities lately. OGI is a great example. Who knows where that'll end up.

If you walk the streets of Toronto you'll know weed is pretty much legal as it is. There's a weed shop on every corner selling any strain, edibles, whatever you want. They're not hidden. They have signs outside saying COME IN AND GET HIGH! I buy my weed downstairs on the first floor of my condo where there's a store called Weed Cafe selling anything and everything weed related. The store is a retail location on the first floor of the condo. You can even pay using a credit card, apple pay, whatever you want.

Wait, you think publicly traded companies are the ones sending their weed to the illegal shops? lol. You think a Canopy would risk that with what's on the line for them?

Why do you think the strains change all the time in the shops like that? They're getting what they can when they can mostly from illegal sources. So again, nothing to do with what I discussed.

I talked to a research guy in the weed sector, he said the valuations are mostly based on that it will be legal in many countries(Germany among others) in the coming years and the potential for these companies to export all over the world.

Interactive Brokers to Cease Market Making of Options

“On the other hand, providing liquidity to sophisticated, professional synthesizers of short-term fundamental, technical and big data is not a profitable activity,


darn

Looking to get HOS for a twoonie soon

https://www.wsj.com/articles/this-cr...ors-1489078334

I have no problem agreeing in principle, only issue is that article has been written every 3 months, for the last 3+ years.

^ I agree. It's not enough to say it's expensive. You have to have some rule that you stick with. And the rule can't change.

Like if you're going to use some type of market timing thing where if CAPE > x and the averages is now below X ma fine, sell, but then buy when your trigger comes back.

But just being a prophet preaching the end is nigh doesn't help anyone make money.

Easiest example is Peter Schiff. Yeah there's videos of him calling for a housing/economic/stock market crash in 2007. There's also videos of him saying the exact same thing every year since ..... he's making money by being a media whore, his clients are all putting their retirement at risk listening to that charlatan.

Sucking the vol out of stock, looks like some put selling at July/January '18 $20 strikes to kick off the action today. Will be a key level to watch going forward.

Wed-Thu pretty big days with the Fed and Trump budget back to back. Should be fun, don't see myself doing much though.

Don't see many of the posters around who were uber defensive beginning of last year when we had the discussion about whether HOS was dead money or not. Oil has basically doubled and HOS has been cut in half over the time period. Not really much else needs to be said other than sorry to the bag holders on here.