Vaccine pump >>> China news

Bubbles can last an insane amount of time.

My damn HD iron condor is in danger again!

235/240 put / 260/265 call - July 24 - it's down 60% - i got 1.39 credit and it wants 2.2 to close it. When ever I open this thing it throws me in a tail spin.

If it is "absolutely" manipulated why would you ever bet against it? But yeah, dips are very short lived. Buy 'em when you can, not when you have to

Good relative strength in solar. I hold RUN in my longterm. RUN SPWR look good for some follow through and breakout

We’re eating good tomorrow, boys.

looking at educational material company Educational Development Corporation EDUC. Last quarter had good sales and earnings growth. It seems there is only more upside with the current emphasis on distance learning bc of covid. Looks like a fair price at current PE multiple. Anybody have any other plays in this industry?

2U has been my play on distance learning. I've liked them for awhile solely because they are/were the first online education play to establish relationships with the top flight institutions.

Stock has done well this year but gone nowhere over the last three. Lots of shorts out there screaming it's a sell due to poor economics, do your own research.

Juan nailed Trump's press conference yesterday. GG Hong Kong.

My play is to "invest" $50,000 in one year of online education at Harvard (class of 2021), start a blockchain thingy in my dorm room (ie. my closet at home), drop out in September, raise a non-dilutive $50M via ICOs, and finally, vanish, presumed dead.

Stay hungry, stay foolish.

CEO was on CNBC the other day and mentioned that more universities talked to them in last 4 months than they had in last 12 years

so this entire pump was pricing vaccine in?

Pretty much

https://finance.yahoo.com/news/stock...110046317.html

just read this and I'm scratching my head...

Okay, so curreent earnings no longer matter. Okay...

So, becasue yields are terrible, people are piling into stocks regardless of the aforementioned earnings. Okay...

And so things are great...if you ignore the ones that aren't...

Swing trade with draft kings. Got in at 30.92. sports very near soon

The reason why tops or bottoms are only obvious in hindsight for most people is because people don't attempt to objectively measure or have any real rationale for what they are doing. They instead justify their actions by cherry-picking data points that agree with them instead of taking a whole picture view.

It takes years of work/ self-work to actually have the discipline/ foresight/ eliminate your own biases to be able to see that picture. It's only then that things become more obvious and you are able to profit from market inefficiencies.

I sold all my MEAT.CN
being pumped up in Germany now.
Just seems very strange.

might be airlines time

The issue I'm having is determining when this market inefficiency will be corrected because there is a cost to staying short over an extended period of time.

Someone raised the point earlier as to why one would go short when the markets appear to be manipulated in such a way as to more easily trend up. Well, in response, because theoretically earnings should matter... but if the vast majority of the market participants, including institutional and political figures, continue to drive it forward, does the correct answer to the test actually matter?

The answer to your question is that you can only guess at the probabilities of market inefficiencies. For example, valuations are obviously telling you the market is very overvalued compared to history, but there is a scenario where markets are able to continue to be driven higher by X (it doesn't really matter what). Just like poker in order to make good bets you want to bet on situations where you have a positive expectancy. Again, it's much more probable that risk reward is skewed to the downside, but there are times when that doesn't matter. (i.e. the flush gets there or the Fed can create wealth from nothing). Just make a good bet, control the risk, and right or wrong rinse and repeat.

Again, the hard part is actually figuring out where the market inefficiencies are, are not, and how to maximize profit. The things that makes markets so much more difficult than poker is that it is often very difficult to quantify or put a finger on situations where you have an edge. Hence why experience or years/ long hours of study are so important to seeing what other people cannot/ or at least doing it differently than the vast majority of people.

I've made a rule to stop selling puts or going long once stock market cap to GDP gets above 150% which it is now. I'm still not gonna go short though, not until at least market cap to GDP sets an all time high (152.7%) is the high. I might sell puts on NEM if it drops as the market keeps rising.

Retail-led pumping is a global meme.
Even in poor Russia - https://www.ft.com/content/b2d2d40b-...5-c365c434601a

And the usual suspects are doing their best to support it selling investing as entertainment and trendy.

Example from Korea:
https://www.koreatimes.co.kr/www/biz...75_292700.html

just imagine how much money they could make during market hours with gates' and musks accounts and they're asking for btc...

I think the prospect of getting caught is why they chose the bitcoin route. Not saying they're using surgical precision here but that's what it looks like to me

"Twitter down a few % after hours. You would think this could tank them, but maybe people aren't connecting the dots to how huge the breech is

they should probably turn twitter off, until they know what's going on, no?

Finally got another move. Market is slow ponied right now lol