for a professional investor, is it easy to short "futures rollover" ETF's like VXX or OIL?

my thought is they are such obvious short legs of arbitrage that they're would be huge competition to short them.

i think one of 3 or 4 most famous modern investors made his career riding giant bubbles.

say you had a very hot oil market (early-mid 2000's), he would have constructed his portfolio so it has max oil exposure subject to liquidity and other important constraints............ and he'd probably have studied past bubbles and hot markets and sold at a good time (rode most of upside bubble and avoided much of downside bubble burst)................ of course innate ability too but it wasn't rocket science.......... of course he figured this out not have lived through many bubbles whereas anyone over 40 have lived through one huge bubble and 2 mega sector bulls (energy and biotech). i guess bitcon now too.

specific to marijuana i don't know much.

It is super-hard. You have to click on a few buttons to short sell them. To go long something, you have to click on one less button.

my question had to do with borrowing the stock...

You click on a button to borrow the stock. It is that easy.

It usually has something like "sell short" on the button.

That's a really interesting way to think about it. Probably how I'll play it.

Stop market ended up being the answer to my question on these super fast movers. Haven't suffered any weird exits from them, but also haven't had one passed over (unlike the stop limits).

Thinking we see more selling next week in weed. May be the last big bear market in it before the bull market into provincial announcements. After that your guess is as good as mine. Not sure how much patience people will have when each company's sales have to justify their valuation post-legalization.

Pick somewhere between "no" and "hell no" imo. You need to let it run past neutral to capture the kind of upside mrbaseball talks about that ultimately pays off your risk.

I think SNAP is going to do their own crypto sooner than later. How else are they going to reward shareholders?

Why? It's the cool thing to do now and essentially guarantees a double digit move. Telegram is doing it. Kik is doing it. FB has to be working on something along the lines of their own crypto. SNAP must beat FB/IG to the punch as its their only ace to play.

Would anyone be shocked if this announcement came in Q1? Is this just crazy talk?

I want to throw some $ in weed. Which symbols are the most likely to be acquired by a tobacco or booze company?

3 for 3 on day trading Tooth. Same thing, bought the big red open. Today my biggest day so far.

What I've noticed so far is that by mid day I have absolutely no edge. Getting to the point where I figure I force myself to do nothing till the last hour just to keep myself from getting cocky.

In terms of companies most likely to be acquired, I don't know how you evaluate that. If you tell me what the criteria might look like, I can give you symbols. I know that Broken Coast being bought today just made Aphria a monster. Broken Coast has the best product in the country. Thats a lock.

22nd century group (XXII) might get acquired by big tobbaco because of their patented low nicotine tobbaco plants/cigarettes. they are in the MJX ETF.

newstrike resources (hip) and cannimed therapeutics (cmed) are both up for grabs but not by tobacco or alcohol companies at the moment.

All this chat of weed stocks, I found an interesting tweet that semi pulls together weed, stocks and poker.

looks like a monster open for weed stocks. Daddy like.

Got eye on a couple depressed ones...

Thanks for the suggestions guys. Keep 'em coming

such as ?

lol

https://coinmarketcap.com/currencies/bitconnect/

very satisfying to see something so obvious actually play out like it should

It was a little too transparent a ponzi it seems, enough for regulators to actually come down on them.
Didn't stop it getting a $2.4 billion market cap though. IMO this + Ripple completely invalidates any claim that the Bitcoin bulls make - the whole thing is pure ponzi/pyramid/tulip bubble above its illegal use value ($1000 or so?)

Besides a few stocks, seems like there is very little near term value and can only make short term money on the volatility. Maybe Im wrong.

So when should we be shorting the hell out of the inflated market?

When the yield curve reaches parity or goes inverted. An inverted yield curve has predicted the last 3 or 4 equity tops. I posted a chart in the macro thread.

whewwwww

Yeah, Cnbc saying best gain on Dow since November. Its crazy to see 300 points on it and only be a 1% move lol. Not all that long ago it would have been 3%+. Dow 100k here we come. Samuel L Jackson voice* Crypto aint got nothin on the Dow).

*dials 911*

"What is your emergency?"

"There is a chartcrime in progress on 2+2"

Let's look at the data he provides.

Calling '89 (the first big crossing) a stock market peak is a bit fresh, to say the least. It was early on in the largest bull market in history.

Note the crashing rate spread in 1995 as well, lower than now, before 5 more years of huge gains. Note the crossing of the spread in 1998, before, again, another 2 more years of big gains. Just before 2006 also crossed the yield curve, and kept going for another year of good gains.

There are two data points of our six that support the thesis, and four that contradict it. Start from where we are in the above graph, you should in fact be bullish for the next two years.

The conclusions drawn from that graph are not warranted. The opposite conclusions to to those claimed should be drawn.

Never listen to what anyone else says. The world is full of cucks and fake news. Look at the data for yourself from first principles and see if it supports the claim. In this case, it contradicts it.

Indeed, instead of "X has predicted the last 4 equity tops", it's slightly more precise to say "X has predicted 7 out of the last 4 equity tops". Lots of these indicators over-predict the next crash/recession.

X can be: inverted yield curve, real retail sales growth, the 10 month moving average falling below today's price, the CAPE being in its highest decile, etc