/biz/ - Business & Finance

Is the SPY and QQQ moon mission continuing tomorrow?

Trying to figure out if I should deleverage. What are your target prices for the week?

I'm feeling SPY 285 and QQQ 180 as my exit points for my options

Previous thread: >>11666694

Sessions dabbed on

FAANG

reminder that Moses slaughtered everyone who worshiped the golden bull

Is there a point in buying anything other than ETF's

>>11669475
might be flat
They will probably make it look like its going to bart down to load up on small spec shorts

>>11669484
Didn't you say it was going to be red today?

>>11669484
>>11669483
FAANG is overvalued and GPRO is going to 0

>>11669491
not for me. i don't pretend to have an edge over analysts who study individual specific companies all day long.

>>11669506
yeah but me plan had me long so ended up making mad bank

>>11669508
GPRO $10 eoy

>>11669475
Abandon QQQ, subscribe the the one true church of low cost ratio index funds. Ave Bogle, buy VOO.

>>11669508
whatever helps you sleep Hater

>>11669455
I'm thinking about buying NEW CONCEPT ENERGY INC COM, GBR. This occasionally shoots up and I'm hoping to bank on that.

>>11669564
Meme stock, don't commit more than 10% of your funds.

Shit, I sold weed just before Sessions got fired. It's mooning now.

>>11669573
trump knows how to get the black vote

>>11669573
>>11669482
Manlets, when will they learn?

I am very satisfied with my Lowes and citibank purchase today

>>11669595

>>11669629
Lowes and Citi are going to return less than index.

US markets are moving at the pace of the Nikkei today. It's really zen.

>>11669491
Strong dividend stocks are worthwhile. Defenses are a sure thing, and shit like appl, Microsoft ect.

>>11669439
I have no idea what to invest, my current portfolio is probably 80% EU stocks, and eurostoxx 50 and 600 hasn't moved in the negatives for the past 10 years.

I wanted to go 70% US SP500, maybe 20% emerging and 10% bonds?

>>11669704
stick with 70% SP500, stay away from emerging, and fuck bonds unless you need to use your stock account as a failsafe piggybank. Use that reamining 30% to invest in rising and established tech stocks, and a few meme stocks for fun.

COME ON QUINSAM CAPITAL YOU WANNA BREAK OUT SO BAD

SOOOOOOOOO BAD

>ridiculously green day to the point of bringing back half the years gains
>still abnormally low volume on back to back days
Is this a weird green to anyone else or are my spidey senses just shot?

NONONONO the midterms was supposed to be the end of trumpf pump REEEEEEEEEEEEEE

>>11669746

I noticed that too. Hopefully it's just hesitation on the part of risk averse whales. We'll see.

>>11669704
that'd be similar to my portfolio for the most part. let's see...i've got;

50% US stocks
30% non-US stocks
5% convertible bonds
5% mixed bond fund (corporate, sovereign debt)
5% cash
5% gold

>>11669755

the lol blue wave lol possibility was priced in back in October. Didn't happen. We bull naow.

Good thing we had that Pre-power pump to prep the Power hour Pump

Is it true that if I invested in TQQQ since 2011 with $100k, I would've made $1M?

>>11669788
>yfw it was a pre power hour pump to prep for a power hour DUMP

>he fell for the bear market meme

>>11669805
Yes.
But you didnt,
I didnt either.

>>11669805
closer to $2M. hindsight is 20/20 though. those 3x funds can drop in half fairly easily, and have done so over the time period (2015)

>>11669855
Is there any reason not to go balls deep in TQQQ as soon as the recovery starts after the next major recession?

>>11669728
what about this ATH? I don't want to invest at the moment due to the fear of this being another peak 2007/2008.

>>11669766
what ETF do you have for non-US stocks?

>>11669892
Vanguard's VXUS ETF

>>11669891
if you wanted to go balls deep into it You should now, its far from too late. expect recover to 75-85$

>>11669805
yeah
and if you bought QLD the top of 2007 peak youd be up roughly 400% compared to nasdaq 250%

>>11669901
This, I'm really tempted not to go crazy on LABU for the next year

>>11669901
>ID nwiDOUbE
>I D O U B L E NOW
Holy shit LABU here I come

You guys are stocking up on this ATVI dip right?!

>>11669924
Labu Labu is intense
Often 20% swings per day

>>11669837
>>11669855
>>11669905
I didn't know about leveraged ETFs until yesterday kek

I didn't even have money until 2015.

However, what about waiting for it to drop and then getting on it? Maybe with like $50k?

>>11669898
holy shit that ROI

I'm EU so need to find an EU ETF

>>11669950
its already balls deep into a drop right now.
theres nothing more to wait for.

>he fell for the crash meme
>he panic sold at the bottom of a correction.

>>11669901
is there a leveraged SP500 ETF like TQQQ?

>>11669988
SPXL

>>11669983
holy shit that ~30% correction

I'm assuming you guys here on /biz/ don't think a similar 2008 crash is iminent?

>>11669455
should i buy CCTC or SEN?
Turbines or Coal? What is really the future? Near and midterm? what will win? just want to invest the right thing.

>>11670008
the overemotional retards did during the October correction, but the smart people didn't

>>11670008
of course not
its the fucking golden bull run
crashes come a few times per century, we already had 2
Golden BULL now

>>11670008
no fucking way dude, We arent looking at a crash for atleast another 2 years BARE Minimum

>>11669984
this

normal 10%-15% off the top correction, it was fast but still perfectly normal

see you guys at 3500

>>11670042
wrong, investing is hot now.

>>11670008
>I'm assuming you guys here on /biz/ don't think a similar 2008 crash is iminent?
my belief is that was a generational crash, not to be seen again for a long time. i always keep some cash just in case though.

THREADLY REMINDER THAT DIVIDENDS ARE YOUR FREN

green day is good day

>>11670008
There isn't a single indicator even hinting at a crash before 2020, and now because of the Democrats' underwhelming victory we will enjoy a beautiful ride until that date.

>>11669997
Thanks. What about EU domiciled?

>>11670050
If you had to place ur finger on a good time to Invest, Now would be that time, We just got positive confirmation what like 2 or 3 days ago?


get a fuck ton of CFD's and Go balls to the wall in litterly any fucking thing and win.

>>11669960
Yeah, help us yuropoors to find some good etfs.

Why can't we buy the same etfs you can?

>>11670093
Because Euros lives have become dominated by a dystopian authoritarian state where the individual cannot be trusted.
You have my sorrow, fren

>>11670093
Some shit rules about if the US ETF provider firms don't provide the KIID, EU doesn't let europeans to invest, so we have to use CSPX instead of SPY or EQQQ instead of QQQ.

>>11669455
how does the 1 guy lose 9k last thread

>>11670124
>yfw people in the uk got questioned by police for an offencive bonfire
could you please not reminde me of these things

I'm the tinfoil dork talking in previous threads about how this dip was all fake bullshit by the deep state trying to throw the midterms. I went all in and now I'm swimming in gains. It's not too late for rest of you late comers, 3000 sp500 EOY, biotches.

Can't wait for Chilis!

>>11670138
Probably a dumb ass Options Put.
I saw it but didnt pay it much mind. He probably bought a overpriced put in what he thought to be a sure winner and got burnt.

Last minute pump. The volume today was actually quite good once you realize that not a single bear traded today. Flawless victory.

Bears liquidated

>>11670161
so far i only made 626$ today Im hoping TQQQ hits 58.75+ in ATH

Just put everything I have into $SQ

wish my luck bros

yoinked my Canopy Rivers position at a small loss off the pump today. I dunno what the fuck was going on with that stock lagging Canopy Growth so bad the past few days but I don't want to play that game anymore. On to greener pastures.

Up bigly on the day overall. Lovely pumps on everything.

Bear hibernation plan: Just buy calls until we are at all time highs again. Re-evaluate and look for entry.

>Sessions resigned
DUDE

Ding ding ding! How did everyone do today? I’m up .05%, I was killing it until my galaxy brain decided there was no way we were going above 280 and I briefly went short. I’ve learned my lesson, we bull now.
>>11670147
What’s you order?

>that fucking market close

>>11670180

oh fuck Quinsam Capital Corp you SEXY babe you closing on high of day like that. Oh fug I love you.

>>11670188
Fired I think. Trump must have quite a show planned now after he cleaned out all Republican neocons.

>>11670191
+6%
greenest week of my life

>>11670188

OMG IT'S TRUE. JEFFY OFF THE FIELD.

JEFFY IS OFF THE FIELD.

https://www.cnbc.com/2018/11/07/trump-says-attorney-general-jeff-sessions-resigns.html

>>11670038
>>11670039
>>11670042
>>11670055
>>11670066
>There isn't a single indicator even hinting at a crash before 2020
I got told the same by my financial advisor, of course he wasn't telling me to buy SP500 ETF's. I was being told to invest in gold and EU mutual funds with 1-2% ter kek

>>11670208
It makes sense. He would've had a hard time getting a non-recused replacement through the Senate. Now that his party picked up seats he can pick whoever he wants for his cabinet.

>>11670191
comfy sideways day

>>11670224
Oh yeah i used to Have a clown like that too, I had 25,000$ into (D) and he told me the most i could make investing per day was maybe 20$ if i was lucky .

>>11670191
close to my ATH in late September (still not there even after adding a couple grand in new capital), but I bought some cheapies that will hopefully pay off over the long haul.

>>11669746
I'm suspicious too. I think the real dip is still coming. I might take my profits out of this stupid bull run.

>>11670242
>>11669746
Its midterm day.

>>11670191
Unbelievably good day. I'm at an all time high on my initial investment a couple years ago.

>Down 1.5% today
Haha...

just buy everything and never sell, bears just go hibernate pls.

>>11670258
I'm at an all time high from my initial investment 2 days ago, went from -30 to +20

>>11670191

>>11670298

kneepad pls. you just wrote earlier in the thread that you were long today.

>>11670191
First day in the market
got 7 dollars, it was alright

>>11670306
me know, just that was first cool picute am saw

>>11670276
Literally how. All the major US indexes are up 2+%

>>11670191
Finally back at $1k profits
I am ready for the green month

>>11670191
I made 10% of my salary today in the market. Feeling a big light headed desu.

>>11670191
Up 2% yesterday and another 2.5% today. I've scheduled an appointment at my local Lambo dealership.

>tfw didn't fucking buy the October dip.

I said it in a previous thread reeeeeeee

>>11670191
I did well, but SQ is making me nervous.
It's not a tremendous position or leveraged though, so I should be fine.

Okay, today caught me up by surprise. Should I go full in in SPY at tomorrow open?

>>11670369
Yes

>>11670369
>full in
Maybe if it retraces a stupendous amount.
I sold off a couple calls within the final hour, might buy back in tomorrow as well for a proper retrace.
But, "full in" at open? I don't think so

>>11670316
you probably fell for temptation and shorted before power hour
You are dirt.

LCI beats

>CVNA up ~20% after hours

>SQUARE

am I gonna make it guys?

stop me from putting 10k bongs into cspx tomorrow

>>11669455 # BlackRock CEO Larry Fink:

"The problem is we are living with a deficit that is very large. We are fighting with our creditors right now worldwide," Fink said.

"Generally, when you fight with your banker, it’s not a good outcome," he said.

"I wouldn’t recommend you fight with your lenders, and we’re fighting with our lenders. Forty percent of the U.S. deficit is funded by external factors. No other country has that."

"We are going to have more and more debt because of the deficits, and because of the deficits, the investors are going to demand a bigger premium," he said. "We have greater risk for higher rates and will not allow the equity markets to flourish."

"There are some great needs in society right now," Fink said. "And a $1.3 trillion deficit as the economy slows down is a real problem."

https://www.zerohedge.com/news/2018-11-07/blackrocks-larry-fink-dollars-days-global-reserve-currency-are-numbered

>>11670191
I'm up 3% today
GOLDEN
BULL

>>11670238
in almost 2 years of investing, I've started in August 2016, I've had a return of maybe 4% after all fees.

SP500 25%, NASDAQ 100 45% and I gained fucking 4% the absolute kek of not being aware of ETF's.

they actually told me ETF's were very risky and not worth kek

I've started reading about this shit a few weeks ago and I'm stupid with the returns I've lost just since August 2016, I could've made $200k-$300k

>>11670445

BASED

>>11670403
In with 200 shares. Hoping for a good CC too.

>>11670452
I started again July 6th 2018, Currently +152.58% so far, I just do this shit in the event i decide im tierd of going to my day job.

Is there any way to invest in the prostitution industry?

I know it's legal in many countries.

GECC and NLY for dividends? What you think /smg/?

>>11670413
They beat expectations for EPS and are kind of bouncing back up.
After hours behaviour on RH often doesn't match what the market actually does at open.

>>11670433
It's a start.
I only had about 500 bucks in my account when I started roughly 2 years ago, and everyone told me that I made it about a week ago (but it's because I'm getting a better paycheck rather than my investment skills)

>>11670433
One day you'll be tossing paupers in the streets tiny fractions of that TQQQ share.

>>11670441
/biz/ told me that CSPX is a solid investment.

TTWO

Come on zelnick, hint at borderlands 3 next yr.

>TTWO

>>11670477
What did you invest in?

>>11670221

I want to reiterate just how much of a win the past 24 hours have been for the dude weed lobby in burgerland.

>hardline anti weed and anti state's rights to decide the matter Attorney General Jeff Sessions has resigned
>similarly anti weed congressman Pete Sessions (no relation), who blocked a number of pieces of weed related legislation from congress voting, lost his seat to a democrat yesterday
>Michigan went full legal
>Utah and Missouri went legal for medical

Load the fuck up on burger weed stocks because I think Weed Bubble 2.0: Down South Edition has just begun.

https://www.nbcnews.com/news/us-news/pot-proponents-claim-victory-set-sights-national-legalization-n933206

>>11670124
>>11670128
Thank you, frens, especially you : >>11670128

>>11670442
The fiscal cliff isn't until 2020, but it is a real concern.
Fighting with your creditors isn't really much of a big deal imo. I've heard it's better for a nation to be a debtor than a creditor -- the interest rates on treasuries usually struggles to outpace inflation.

But also, can we stop giving cash to the fucking homeless and start giving it to the fucking government instead? San Francisco just passed some kind of major homelessness tax that won't do jack shit. We have historically low unemployment -- at this point, being homeless is a fucking choice.
I just want to round up and shoot all the fucking liberals; we're still handing out "muh gibs" for Tyrone while going into further debt. It's like a company taking out debt to fund their dividends while their EPS is hardly breaking even and the competitors are only rising up.

>>11670533
I make alot of plays, Im more of a day trader but If a good investment oppertunity pops up i dont ignore it even if i gotta hold for a few weeks.
Did tech
Pharma
Rode the weed bubble up and back down
shit penny stocks like SNAP and GPRO were really predictable at the time too.

>a few months ago the same article was 1 billion, now it's already 2
Why isn't there a mobage ETF already? This shit is basically making money on people's gambling addiction without any legalized control

How do I make infinite money out of it?

>>11670311
That's 7 dabs anon, it's a rule 1$=1dab

>>11670329
Gratz anon!

>>11670592
The closest mobile gambling stock I can think of is ATVI.

>>11670631
is it time to get in?

>>11670592
$SNE owns Aniplex

>>11670631
I think all 3 of them have mobile gaming divisions.

I know TTWO does, and I can't imagine EA not having one. Not sure how big it is in those too, though it produces slightly less than 1/3 of the revenue for ATVI (lowest operating costs by a significant margin though).

>>11670552
It has to come to an end, at some point dollar will be worthless for trade/exchange.

>>11670631
Literally in the article that it is owned by Sony... Wtf how dumb can you be

>>11670652
lol

>>11670642
It's still (I think?) a small part of what Sony Entertainment is, but I guess it's the closest one can get to Aniplex. Maybe getting into Nintendo now could still be a good idea if they ever make a breakthrough in mobages someday. At least they already know they'll need waifus. But then again, it would be just a small part of their business.

Sunrun NOOOOO

>>11670461

interest rate decision tomrow
aka The scheduled pump and dump for Bank stocks is due tomorrow. Hope you bought the lower end of this theoretical pump

>>11670652
And what will replace it?

>>11669455
Someone who knows redpill me on MLP ETFs, mREITs, and BDCs. They all look really attractive, but I've heard of some tax issues and other risks?

>>11670638
It's cheap right now because of fan outrage over Diablo mobile. Earnings call is tomorrow but frankly I don't know how it will turn out.
>>11670659
I didn't read a single line of the article after I saw the anime kiddie game image. Buy Sony then.

>>11670492
Nah bro
Because you have the best of two worlds :
You have a well paying job at AMZN cage robot
You have the right investing mindset

You can now invest a lot of money and make it faster ad bigger

plz frens, need comfy dividend stock thatll pay for itself over in roughly 5-6 yrs

>>11670188
>>11670221
>>11670543
holy shit, voting for legal weed just got better

election night really was great, besides stabinow winning again

sessions probably resigned behind the scenes some time earlier this year but trump made him a deal so he would stay until after midterms (because getting a replacement probably would have turned into a media shitstorm and political gridlock)

and after seeing the final results trump "fires" him, so its a win-win. sessions gets to quit, and trump doesnt lose face

now 2020 has to be blue house and senate, but trump gets reelected, the perfect mix


>>Load the fuck up on burger weed stocks because I think Weed Bubble 2.0: Down South Edition has just begun.
whats a good stock, also whats a good business once they open up shop?

>>11670738
IBM? WM? Those would be my two picks

>>11670738
KO? PEP?
Maybe LMT?
T is very comfy, but pay for itself is an absolute stretch

If you buy an ETF and in that ETF there are companies that pay out dividends, do the dividends get priced in, so to speak, in the ETF?

So... Has RKG killed himself yet when his shorts exploded on him today? kek

>>11670870
Some ETF's do payout Dividends. You can Drip them to.

>>11670688
i wanted blizzard to enter the mobile area but maybe they should have kept it simple.

>>11670747
>whats a good stock, also whats a good business once they open up shop?

Movers and shakers in the burger scene are:

>Acreage Holdings (IPO)
>Cresco Labs (IPO)
>Curaleaf Holdings
>MPX Bioceutical Corp
>iAnthus Corp
>Medmen (retail)

Canopy Growth is also a potential player in the US market due to Constellation Brands 38% ownership. They could move in fast when the legal climate allows. My understanding is that Canopy would need US to be federally legal before they can do anything... I think. I'm sure there are loops they could wiggle through on the medical side though. Anyway. The companies listed above are US based and stand to benefit immediately.

disclaimer: IPOs in the dude weed are extremely risky. Do not buy on day 1 unless the opening price is somewhere within reasonable vicinity of the pre-IPO funding round prices for those companies.

>>11670906
Yeah, but let's say, hypothetically, that all the stocks (if you were to buy it as a single stock) in a given ETF pay out a dividend that keeps the stock price at a set price

E.g. a stock @ 100 gains 10% in a year, pays out a dividend yearly of 10%, which makes the stock (for the sake of argument) go back to 100 again.
I'm assuming an accumulating ETF prices that in, right?

are there cheap stocks that pay high divs?

>>11670972
USA liberty all-star fund

>>11670972
IBM, T.

>>11670479
Also interested in this, anyone know?

>>11670972
Ford.

>>11670543
What are some good weed stocks to load up?

How is there still no robinhood equivalent in Europe? What the fuck?

>>11670688
well it's also Activision and candycrush. Would suprise me that their stock gets btfo cause 1 game was boo'd o announcement. Not the first time everyone gets emotional about it. Blizzard PC games issnt dead, it's just that they are moving on to another sort of audience with mobile. Back to the land of the living, apart from people who work with a pc no one has time for anything except mobile.

>>11671060

see >>11670927

i'll take that as a green day. still looking solid markets after pump

https://www.youtube.com/watch?v=Soa3gO7tL-c

>>11670392
>>11670903
-_-;

Guys I need some advice

So I spent the last year buying cryptos. I've put in about $10k, and I got JUSTed pretty hard and am down about 40% on my investments

So what do I do now? Do I buy even more to DCA down? Or should I move onto stocks? I definately want to own stocks, but I have so little capital it seems like the payoff wouldnt be as high

What do /smg/? inb4 >cryptos

>>11671077
Diablo mobile will get at least 100 million new eyes on the Diablo brand. This will be a net positive for diablo4 when it does get announced regardless of how well Diablo mobile ends up doing. It's a smart plan by ATVI, but a poorly timed and presented announcement at their fan festival.

>>11671129
crypto is dead buy FRSH

>>11670927

One other I forgot to mention:

Trulieve. They're a medical outfit in Florida.

>>11671077
> Blizzard PC games issnt dead
but blizzard hasn't produced a good PC game since [insert WoTLK/vanilla/MoP depending on level of autism]

Which is kinda true, I doubt the people complaining about diablo mobile have a significant stake in blizzard. Besides, with mobile games, it's about the 1% of players who are whales, who cares what the other people think/do.

>>11671136
Depends on marketin in china. Asian markets are hard to predict it might become a total bummer. Mobile game market is hard to predict there is lots of competition i think blizzard under estimates that. In pc they are the big old dog but in in mobile chinks might not give a fuck at all. However it's not a huge loss financially (for reputation it iss) if the mobile games flop

>>11670927
don't forget NMUS

>>11671167
WoW is in the stage of its lifecycle where Blizzard is doing all they can to squeeze shekels out of the autists that wont quit no matter what. WoW doesnt get new players anymore, only people returning once every 2 years to pay Blizzard $60 and 2-3 months of subscriptions, and realm/char transfers.

>>11670329
What did you invest in Anon?

>>11671129
>Do I buy even more to DCA down
no
there is no reason to do this if you aren't planning to hold in the long term

If you think there's a possibility for it to happen, wait for your coins to swing back up in the short term and then sell each individual coin when you get a good chance on that particular coin
Once you've sold all of your coins, then make a brokerage account and put that money into stocks

>>11671190
autism is rampant cause it was created in the population, it's an effect cause of games like that but also other things, infact our school system created autism. By making students learn shit they really dont need.

>>11671129
>>11671211
You aren't going to be able to make all 40% back, but you could potentially mitigate your losses to some degree if you stay patient and time your sales right
Just don't wait too long

>>11671167
Wotlk was apex of WoW

>>11671190
>WoW is in the stage of its lifecycle where Blizzard is doing all they can to squeeze shekels out of the autists that wont quit no matter what. WoW doesnt get new players anymore, only people returning once every 2 years to pay Blizzard $60 and 2-3 months of subscriptions, and realm/char transfers.

pretty much, don't forget you can buy boosts now, neo-WoW is like a mobile game now in terms of finances, I think despite the BFA hate (and I did buy, play, and lose interest before hitting max level this time), it will impress financially. People in my guild buy boosts all the time to have alts "for the guild", people bought a ton of boosts for mage tower challenges, and so on. Some people are unironically addicted to changing their race regularly.

>>11671228
wotlk, cata and wod are the only expansions I did not play, so I have no comment

>>11671241
blizzard made a ton of money with trivial things but marketed to many people at once no doubt about it. but on a lowkey level people know they are sort of getting fucked when it comes to cash. so that's why they have this little boo tantrum whatever shit. But i have to agree with blizzard on this. Dont you guys have phones?

>>11671270
Being condescending to your diehard supporters is not a way to garner a positive reaction fiscally.
They're mainly doing this for the Chinese/SEA market, which is stupid; there's no waifus to collect in a Diablo game.

>>11671314
export to china is a rare thing, i know better than to piss on it.

>>11671073
I think there’s trading 212, but apparently they have some weird costs. Right now I’m with IG

>>11671333
Even the chinks know to steer clear of netease.

dont you guys have phones yes? open the damn thing it will say right there, Made in china.

>>11671347
nice. new market open, it's like when they ordered baby milks from elsewhere cause they didnt trust their own?

Quick question

if I invest into a company and then they have a good earnings call weeks later, when is the best time to sell to maximize gains?

>the next day at the opening bell
>a few weeks later
>or still hold and wait for more gains

i'm a bit new to investing.

Can someone explain to me why the fuck everyone says not to hold TQQQ long term? If I had held it for the past 5 years I would have made incredible gains, and I know that's because we've been in a bull market, but still.
>hurr if the market crashes 33% you'll lose it all
If an index crashes 33% the last of my worries will be the few thousand dollars I have in TQQQ as that would mean another GFC type event. Obviously I don't have my entire portfolio in TQQQ, only about 30% of it which I plan on holding for at least 12 months. Why should I only hold it for one day at a time like everyone says? Explain it faggots.

>>11671383
at the top

You guys don't get it, Diablo mobile success or failure is a non issue, it's about spreading the BRAND. This is the appetizer, D4 is the main course. Making this the main event at their fan festival was a mistake either way, should have shown this and gone right into a Diablo4 teaser. And no waifus? Are you daft? Blizzard is king of making waifus, they will get added.

>>11670907
>but maybe they should have kept it simple.
their problem was anouncing this ata conference of your most devote fans of PC games, and expecting them to love something that is killing their hobby (and maybe have another game coming out, or even another game trailer, instead of holding a multi million dollar news conference to announce we have no current games coming out soon, still working on them)

thats like holding a vegan/vegitarian convention to announce your brand new product: veal burgers, made with a blend of real baby cows and endangered panda

there is a time and a place for a mobile diablo game (and i bet it will still be a cash cow in the long run), but blizzcon was not the right place (and tbqh a better time would be a couple years ago)

>>11670927
ive heard that there is a penny stock (LHSIF?) from florida that holds 25% of florida's medical weed market
but florida is only medical, not recreational

and some big california company is apperently doing well too (ORHOF)?

I dont expect another bubble from michigan legalizing it (only 8th or 9th most populated state), but sessions leaving could... especially because its DUDEWEED


and I was more wondering what place would be selling it cheapest when its legal to sell, but then again I guess most sellers will be smaller local joints (pardon the pun) all getting from a couple big commercial sized suppliers?


>>11671172
mobile games are cheap, low cost to make, insanely high profit margins
instead of making %110 or your initial cost to make them, you end up with %1000+ of your initial cost to make
and the best part is, you dont even need as many people to pay as you do with PC/console games

if there is 1 person spending $1000+ on a game, for every 9 people spending $1 on the game, they still come out with an average of $100 per person playing

they are more similar to casinos you can play at/with than they are a product to be sold at this point

>>11671393
I like the meme my dude

in all seriousiness i dont know what the play is with a companies great earnings call

>>11671060
These are the top holdings of the best weed ETF out there right now. HMMJ.

>>11671220
>>11671211
I dont want to sell my cryptos tho, I think they will be viable in the future. I just want to have stocks too

>>11671459
if we knew we'd be million heirs

>>11671470
>TLRY
the overpriced chinese laundering scam
>TGOD
shady ripoff company
>ACB
borrows more than they'll ever make in revenues
>Scotts
literally monsanto poisoning your crop

just buy the ones I didnt greentext and youll do good

>No one bought DIS at the beginning of the week

oh you poor fools

>>11671527
I bought some calls earlier this week, and some more during todays low, gonna sell most tomorrow to pay for the couple i'll hodl through ER.

>>11670492
>everyone told me that I made it about a week ago
how much is making it these days

Hope you guys bought MDXG puts like I said. It got delisted today and all the ETFs that own it (which accounts for 28% of shares) are deleting it.

What brokerage do you guys use for Roth IRAs?

Biz should I dump on Weed stocks rn?!

>>11671547
Well, I'm 23 and just arrived at 170k/year, so I guess somewhere below that

>>11671595
170 k a year? u in tech industry anon?

>>11671445
>LHSIF?
>ORHOF?

LHS is Liberty Health Sciences. This one is interesting as, to the best I can hazily recall, Aphria have an option to rebuy their stake in the company in future if US goes legal. Aphria used to be heavily invested in (or own outright?) LHS. They had to divest due to Canadian securities law.

The second one is CannaRoyalty. I haven't done any DD on them. Dunno.

>>11671519
HMMJ is up 85% over the past 12 months. Considering the security you get through diversity with ETFs given they hold so many companies its a much better bet than trying to individually pick stocks.

>>11671595
Damn I make half that.

I hate Canada.

>>11671608
You are pretty late to the weed party just so you know.

Which do you think is coming first:
1. Weed grows into its market cap
2. We have a recession where excessive valuations are cut down

I question the thought process of anyone who thinks 1.

>>11671640
don't worry, he's lying or including possible stock grants or possible bonus potential.

>>11671608

HMMJ is primarily Canadian LPs + some other stuff like Scotts Miracle Grow. While I'm sure Canadian stocks will do well this quarter, my bet is US plays are where you're going to see the stupid bubbly pumps. Canada doesn't have that speculative hype anymore. The laws are known. The numbers can be pretty well estimated. US, on the other hand, could be bajillions of greenbacks flying all over the place with a ton of potential catalysts related to changing legal framework in coming years. Canada, on the other hand, mostly just has broader retail roll-out for 2019 and edible legalization.

> mfw Tilray today

> he doesn't know Trump is going to tax all Chinese products in early December

>>11671228
BC was apex (Kaza runs, flying!!)
Totlk was ok, then shit, then ok, then Cata
and cata was just ehhh, more of the same, can you please make WC4 yet?

1.0 Vanilla was terribly though, late vanilla was ok, but if anyone tells you vanilla without patches was any good, then they are just wrong, or mentally ill

>>11671270
>Dont you guys have phones?
that wasnt the issue, the issue was that they announced a mobile game to their most zealous diehard PC consumers

they got everyone's hopes up then served a big shit sandwich, and people are pissed

a mobile game does not need its own week long convention at a massive convention center, especially after baiting all the PC nerds with a "major" new games to announce, which ended up being a mobile game, a patch for an existing game, and a new character to play as on a game thats 2 years old now

Blizz's decision on its own wasnt a bad one, in fact from a financial standpoint its amazing they didnt do this years ago
the problem was how they delivered the message, which cause outrage instead of hype (which has just hit the outrage-amplifier known as social media, blowing arguments for and against it out of proportion)

>>11671354
>Tiawan isnt the same thing as china (except on paper), and thats just lazy moving the goalposts anyways

diablo mobile will probably make bank, and dip after their show is probably way out of proportion (unless their is some underlying problem at the company that I'm missing), but it was a very contemptuous way to announce their product

and if blizzard didnt realize that, that may just highlight how their userbase is changing (out with the old, in with the new)

not necessarily a problem for the business, especially long term
but blizzard is not a victim of a bunch of hateful otakus

>>11671606
ah, it was a motly fool article I just read, so i took their advice with a truckload of salt

>>11671667

Right? I certainly don't get it. Thing was a flagrant pump and dump and apparently people wanna go for round 2. Or something.

>>11671601
Yup :3 just got hired by Amazon

>>11671640
Well, I don't make that much until December, but at the job that I'm leaving, I make 92k/year in a low cost of living city

>>11671654
It's 140k base salary, and yeah, the 170k is through the stock vesting schedule but doesn't include performance bonus.
Amazon caps base salary at 160k -- you can't make more than that without stock getting involved. This is very typical when you work at a large company and your salary starts approaching that 200k mark.

>>11669928
Yup

Any comission free brokers like robinhood for canadians?

>>11671711
How is amazon with sponsoring down Canadians?

I've heard the new NAFTA is supposed to make it easier?

>>11671683
Nevermind that, Jeff Sessions had to resign today and was apparantly an opponent of cannabis.

I still don't get why Tilray shot up over 30% compared to Aurora and Canopy.

>>11671730
I have no idea how sponsorship works, dude
I know that my current company has a FUCK TON of Indians on H1B

Summoning big guy for opinions on LCI earnings

>>11671734
>Jeff Sessions had to resign today and was apparantly an opponent of cannabis.

He caused a sector wide panic last January when he rescinded the Obama era protection of states rights regarding cannabis law and threatened to conduct raids on state legal businesses. There was bipartisan pushback against him for that and he backed down, sort of, by instructing states attorneys to make the decisions on possible raids. Sessions' resignation removes a considerable thorn from the side of the legalization lobby.

>>11671388
Because most people are coward idiots who like to recite old myths:

There is a big myth about leveraged ETFs that has been recently propagated in the media. This article corrects the myth and explains the faulty reasoning that gave rise to it.

http://ddnum.com/articles/leveragedETFs.php

Read it and weep, SPYfags niggers.

>>11672000
thinking about putting like $10k into TQQQ, that motherfucker rose close to 3000% in the past 9 years

>>11672000
also, can't the same principle be applied to normal ETF's? If you buy a normal ETF and it goes down 33%, then you are down 33%, if it goes up 33% then you go up 33%.

With a leveraged ETF it's just 2x or 3x, or am I wrong here?

>>11671712
is it a buy rn?

>>11672030
>>11672055
>>11672059
The last time we shilled TQQQ hard we crashed hard
Expect another dip

>>11672055
Yeah, I don't see what the big controversy is other than it's higher risk, which I'm perfectly comfortable with. I spent most of 2017 playing around with crypto so 10-20% swings really don't scare me.

>>11672030
I would be a billionaire if I knew the future

>>11672000
>http://ddnum.com/articles/leveragedETFs.php
Thanks that was a good read. I've only ever seen redditfags complaining about TQQQ I should have known they were retarded.
I did read something about interest charges on the leveraged portion of the ETF eating away at your balance - any truth to that?

>>11672168

>>11672227
you have daily resetting leveraged etfs, monthly resetting and then traditional leverage which is different from etf leverage. leverage decay comes into play when volatility rises enough for eample oil you cant leverage with daily long term you better use traditional leverage with that. spy volatility is low

>>11672253
>leverage decay
Do you mind explaining how that works?

>>11672253
holy fuck i understood nothing of that

>>11672227
>>11672030
Go with SSO instead, less risk and still leveraged.

>>11672291
why is it less risk?

>>11672301
I'm assuming because it's 2x leveraged instead of 3x

if you have for example 3x daily resetting etfs then intraday 33% market drop is required and the whole funds go to zero

>>11672276
when used large leverage the decay is caused by multiple effect of leverage which enchantes the down days vs. when not using leverage if you are long leveraged for example

>>11672276
like this

now, if the market goes up steadily you have better returns with daily resetting as each day returns are 3x vs. than if you borrowed money 3x initial. that is when you dont have large enough drop days to cause the decay

>>11672318
>>11672325
So it's only an issue in a bear market?

>>11672385
also market that has no direction and goes volatile up and down

>>11672393
Thanks that makes sense. What are your thoughts on a small portfolio 50/50 in SSO and QLD?

>>11672403
sso works well as long as market goe sup =) thats about it. qld 50% is quite a lot

>>11672276
>>11672288
daily vs monthly resetting are just using different time periods in that linked page

leveraged etf's use futures contracts so they have higher maintinence costs than traditional etf's, and traditional etf's usually pay out something like double the dividends compared to leveraged

also down 2% one day then up 2% the next does not mean you are back to 0% difference from when you started, and leveraged means their is an automatic loss for every day you hold

and trading fees eat a huge chunk out of any gains or losses from leveraged etfs, but if you get commission free trading that becomes a non-issue

but not everyone in the market has commission free trading

>>11672385
it "only" becomes an issue when prices dont increase exponentially (or like a power function)
linear growth still kills your returns in the long run, and sideways or downward are both net losses that compound daily the longer you hold

>>11672422
Thanks. I'm only going to be putting $1k or $2k in each of them out of a $10k portfolio. But as long as the underlying index doesn't lose 50% I don't lose my funds right? So long term it should be pretty safe?

Can anyone give me a quick rundown on exactly what in the fuck USO thinks its doing?

>>11672229
Epitaph only gets 10 seconds, I don't think that will help with stocks desu.

>>11672507
well i guess 2x is quite safe. however it does not mean 2x returns it's less than that in theoretical backtests of 60 years or so. in uptrend yes it is more than 2x

>>11672494
>linear growth still kills your returns in the long run
Sorry but could you explain how? I don't see how linear growth could result in losses just because the returns are 2x

>>11672516

>>11672385
>>11672276
>>11672288
to clarify, if the stocks price moves like a graph on the left of that image, then your returns will look like the graph on the right

perfect power function growth (y=a*x^2+b*x+c) gives you a set amount of gains, that stays the same as long as you hold it (as long as the price keeps on increasing like that)

perfect exponential stock growth (y=C*e^x) would only get you a power series (y=a*x^2+b*x+c) worth of growth, which while great in the short term, loses out to the price of just holding the same positions as stocks at some point

>>11672507
depends on how long you want to hold

>>11672385
>>11672276
>>11672288
to clarify, if the stocks price moves like a graph on the left of that image
>>11672494
then your returns will look like the graph on the right

perfect power function growth (y=a*x^2+b*x+c) gives you a set amount of gains, that stays the same as long as you hold it (as long as the price keeps on increasing like that)

perfect exponential stock growth (y=C*e^x) would only get you a power series (y=a*x^2+b*x+c) worth of growth, which while great in the short term, loses out to the price of just holding the same positions as stocks at some point

>>11672507
depends on how long you want to hold

>>11672563
>depends on how long you want to hold
Probably about 1 or 2 years?

>>11672494
>>11672563
That’s way too much math for a Wednesday night.

>>11672524
It could be useful if you're scalping

>>11672563
If I hold TQQQ and the market dives to the point TQQQ goes to zero (33% I guess?), as long as I hold I'll eventually get my money back? Or if TQQQ goes to zero do I lose everything permanently?

>>11672675
If it is leveraged and it goes down 33% you should be liquidated and go to 0? Maybe I'm wrong, but that's who leverage works I think.

So what stocks other than Activision is free money right now

>>11672494
fuck im stoned posting, big mistake in that graph and math from what i was thing to explain (damn you google image search)

your returns with just stocks would be y=x, while your returns with ETF's would be y=x^[1-(x(t)/x0)]

or put another way, using this graph:
your returns 'y' vs time 'x' would be blue line if you owned stocks, orange line with a etf, red line if you owned an even more leveraged etf

>>11672577
idk, the constants will be different for every stock, and different for any start and/or end period. and this is assuming that a stock's price behaves like a smooth function


but stock prices are not ever smooth, and they are series's, not functions

>>11672675
If TQQQ goes to zero then the broker that offered it dissolves the fund, you get nothing, and they lose an assload of money (and depending on how the rest of the brokerage's positions are, they may be out of business and bankrupt)?
im not sure on that, but you can probably google ETF's that have gone to 0

>>11672722
If that's how it works that's fucking sketchy, the market went down over 50% in 2008. Your retirement savings would just vanish into thin air..

>>11672754
>Your retirement savings would just vanish into thin air..
why do you think so many people were pissed in 2008 crash?
thats why people dont recommend owning leveraged ETFs when you dont pay attention to the market and just buy then hold for half your lifetime

they are hot potatoes, if you sell early, you can make money (assuming the price went in the direction you expected) if you wait too long, you will start losing, and if you wait too long through a crash, you will lose it all

its using math similar to options, and if its a leveraged etf then it actually is using options, which decays with time

>>11672754
2x like qld and sso were not liquidated in 2008

I don't trust this pump today and neither should you.

>>11672816
a recession is not the same thing as a crash

and you dont even want to know what a depression is like

>>11672737
>your returns 'y' vs time 'x' would be blue line if you owned stocks, orange line with a etf, red line if you owned an even more leveraged etf
Sorry I'm just not understanding why this happens? Could you explain in simple terms like I'm a brainlet

>>11672840

>>11672840
who cares
Dip buyers made money, Beartards can only hope to break even LMAO

>>11672675
Tqqq cant go to Zero

>>11672675
UNLESS* usa sinks into the ocean or gets glassed by russian nukes or something

>>11672896
Why not?

>>11669475
I bought some OTM puts on SPY yesterday. I'm down 38% now

>>11669534
What indicators are you using?

WHERE IS THE ANON WHO POO POO'D ME THIS MORNING ABOUT MUH DUDE WEED???
i told you it was gonna be a green day you retard! 4 new states legalize it! New congress already talking about legalization. You thought october 17th was the end of the moon mission?
HOPE YOU BOUGHT THE DIP FAGGOTS WEED IS LITERALLY RECESSION PROOF!!!

>>11672981
help anon am I too late in the weed game?

>>11671960
They are looking good. They beat expectations and had good CC they were really confident and treated JSP like it was really no big deal for their future growth since they have been acquring and launching drugs and signing more distribution agreements.

Sounded like their main focus is getting more and more drugs in their pipeline which i think is a huge deal for any drug company.

>>11671060
Check out RBII they just had some good news at the end of the day, it's going to get volatile.. where's it going? IDK but i'm thinking up for now

>>11672864
assume (group of) stocks 'XYZ' has linear growth, its worth $100 the day you buy it, $101 the next day, $102 the day after, ectera and the leveraged etf is worth the same that day

leverage on the etf causes orange line to be your returns with the etf, while no leverage will cause your returns to be the blue line
you beat the market if you sell before day 10, but after that you are bamboozling yourself out of gains

but again, this is a vast oversimplifiction that would only happen in imaginary world of conversation

real world stocks do not have smooth price action like this, and each etf will have a different point where the returns are the same, depending on their leverage (thats a bunch of math that you need to experimentally test for, and by the time you find that sweet spot it will be different anyways)

thoughts on SBLK? Looks to be hitting its hard resistance, going all in on this bitch

>>11670062
should i spread out between dividend stocks or can i just dump my spare cash (5k) into ITW?

>>11673292
just buy LCI

>>11673119

>>11673325
I'm up almost 30% from when you recommended it like a week or two ago, had to fight the temptation to put more money in today before the earnings call.

>>11673292
Just buy GPRO

>>11673292
just buy FNGU

>>11673462
me am of down 25% last from time recommended it ;_;

>>11673325
Just looked into this. Why did it crash so hard from 2015?

>>11673514
oof, I've been looking at ABB, they took a big hit in the october sell off and they seem to be recovering, might be worth checking out.

>>11669455
Guys I found the perfect stock its called BITCOIN.

I almost feel sorry for the bears. Almost.

>>11673357
got in at 10.82

>>11673560
>ABB
oh nonononono . their new robo shit is shit had to replace 4 robots in facotry for kuka ones.

T. Random crypto guy randomly browsing and seeing this

>>11673514
Rkg are you really a boi?

no no NO NO NOOO NOOOOOOOOOOO
This is NOT THE RED WAVE I ASKED FOR
STOP I JUST FUCKING BOUGHT STOP IT AHHHHHHHHHHHHHHHHHHH

>>11673840
Warn'd you fags yesterday
A House divided is going to fuck you Yanks in the Arse.

>>11673840
>-.04%
>-.12%
>-.01%
>-.05%

>>11673847
the market has historically performed well during periods of political gridlock

>>11673847
House is always divided
Markets gained for the 12 months following every midterm election since 1954 without exception

>>11673840

Futures movement less than 0.5% is meaningless. That's just noise.

>>11673011
put it all in TLRY-- it's pumping up right now friend-o

Bump

>>11673840
> -0.04

how new are you?

>robinhood free stock is groupon
what a load of shit

DIS reports earnings tomorrow..hows it looking for the Mouse & Company..

>>11672981
35% ytd return baby, and I just bought CGC last week!

>>11674685
kek that's what I got too

>>11674685
>>11674706
Could be worse..I got Zynga..

>>11674685
>>11674706
I got sprint
Webull gave me ABEV
Not bad tho i hear the losers only get an apple

>>11672000
Dank. Nice.
Probably going all in on QLD soon.

>>11672403
>SSO
Dank. That's a new one. Thanks.

>>11672878
I'm kind of feeling that too.
>>11672946
Maybe you should HODL. See above.

Good morning /smg/, Euro stocks to open green.

50% AMD
50% NVDA
CHADFOLIO

>>11675254
>not all in SOXL

What is going on with ECR? They reported great earnings and reduced costs in the last quarter, and are eyeing a merger that will make them a juggernaut in their field. So why haven't the stock prices moved to reflect that?? ANSWER ME!!!!!!1

not trusting this pump desu

New thread?
>https://www.investopedia.com/news/why-stocks-are-poised-12month-rally/?utm_source=news-to-use&utm_campaign=bouncex&utm_term=15007560&utm_medium=email
This is pretty impressive. nearly 50% on Nasdaq.
Anyone else get lucky?
Think the next elections will have the same effect?

>>11675571
emergency bump