For me, this would definitely be a buy the rumor, sell the news type of trade. I don't really know which one of these cannabis companies will be the eventual winners. There is too much competition and most of them are probably not run very well.
OT: Stock and Investment Thread
- Thread starter RU05
- Start date
Not really my type of companies but I do tend to agree with your thinking.
This is the type of trade where I will gladly take the 90 day restriction that comes with a "good faith violation"
Makes perfect sense. Play the rumor but have a hair trigger to sell and take profit. Even with bipartisan support, don't underestimate DCs ability to f it up (and not get it passed on the first try).
This can’t be good for BTC in the long run:
The whole situation has shown both good and bad use cases. I feel the more uses the better for BTC in the long run. But the regulations are coming, and the crypto market took that announcement positively.
SOS…these EU regulators are so jealous of US dominance in tech.
BoA makes one of their rare contrarian buy signals.....issued this morning:
Bank of America Corp.’s indicator is flashing green for the first time since the onset of the pandemic in March 2020, potentially signaling an upside for global equities in the weeks ahead.
“There have been eight contrarian ‘buy signals’ since 2013,” BofA strategists led by Michael Hartnett wrote in a note to clients. “Back-testing shows that in the 12 weeks following buy signals, global equities have risen 8%” and outperformed investment grade bonds, they said.
Bank of America Corp.’s indicator is flashing green for the first time since the onset of the pandemic in March 2020, potentially signaling an upside for global equities in the weeks ahead.
“There have been eight contrarian ‘buy signals’ since 2013,” BofA strategists led by Michael Hartnett wrote in a note to clients. “Back-testing shows that in the 12 weeks following buy signals, global equities have risen 8%” and outperformed investment grade bonds, they said.
Another nice open for FB and again showing relative strength. In the green now on the shares bought recently. This is possibly where it could run into resistance but if it can get through this 220s area and hold then I think a may move back to the gap created at earnings time is possible as long as the market stays "normal"
Didn’t equities already go up about 6-7% from their lows? I ‘m watching the markets closely since they may go up further and I’ll have to allocate more to equities.BoA makes one of their rare contrarian buy signals.....issued this morning:
Bank of America Corp.’s indicator is flashing green for the first time since the onset of the pandemic in March 2020, potentially signaling an upside for global equities in the weeks ahead.
“There have been eight contrarian ‘buy signals’ since 2013,” BofA strategists led by Michael Hartnett wrote in a note to clients. “Back-testing shows that in the 12 weeks following buy signals, global equities have risen 8%” and outperformed investment grade bonds, they said.
Got much more to go! The market seems happy about the rate hikes and performance of the 10y. Getting inflation under control is good for the long-term.....both economy and market. Putin in a quagmire. Jobs booming. Etc.....
Spring housing market is a mess. Mortgage rates up big, yet no price relief and supply still low. Average Joe can’t even move to Western NJ or PA to seek price relief anymore because everything is expensive there too. I honestly don’t know how middle and lower class are supposed to buy/rent. The joke of rising interest rates is that the rich don’t really care. Won’t stop them from overpaying.
It’s take a while for sellers to adjust to the lower demand, maybe a year or two before they realize they need to lower their price. The NY metro area won’t go that much lower, but I’ve been watching the Las Vegas and Florida markets, they will fall 50% at some point just like they did in 2008 Crash.
The lower class need to stack up 2-3 families into one house.
Bingo! This takes a while. But lower house prices will happen. It always does.
A lot of institutional investors buying up houses for SFH rental use. These are tight cap rate deals and a lot of them are using shorter term floating rate financing. This is the only factor that can bring another 2008 housing crash. I personally don’t see that happening but could see a high teen correction.
Happen to love my MangosBoA going all in on MANGO!
“MANGO”: MRVL, AVGO/AMD/ADI, NVDA, GFS, ON ... Bank of America calls it “crude attempt” at constructing a FAANG equivalent in semiconductor stocks.
MRK
AAPL
NUE
GIS
OGN
SWN
with my SWN up about 20% this week and 37% YTD. Export that LNG!!!
very diversified with this group. I don’t put all my mangos in the same basket.
Exactly…lower and middle class can’t pay cash and instead are piling on big mortgage balances. As much as I’ve benefited from the stock market thanks to the Fed, I understand why lower/middle class are so pissed. The lower/middle class don’t have the stock market gains to pull out to pay cash for a house and now rising rates will hurt them most of all. And if the real estate market finally drops it won’t be before the rich dump properties at ATHs leaving the little guys holding the bag.You don't need to care about higher rates if you are paying with cash!
I’ve read the same and apparently explains some of the record breaking rent increases in certain markets. Time to buy Winnebago or Camping World stock? It’s about the only thing average joe will be able to afford to live in.
The NY metro area housing won’t drop a lot since immigrants move to the NY and NJ areas. With at least 100,000 Ukrainians refugees, more like 250-500k in the end, coming to the US a significant number will move here. My Ukrainian friend moved to Tennessee recently but has been trying to get her parent to the US for some time. I mentioned that she plan on having them move to Tenn with her but she said that they would relocate to NY/NJ because they only speak Russian and there’s a large Russian speaking population in NY. Asians are moving out of NY to NJ with all the anti-Asians hate and they now are afraid of moving out to other states with the hatred out there. I lived all over the US and even Jewish and Italians live near the coast and are not nearly populated in the middle of the US or South.
The Russian war is terrible but the US will get the best and brightest of Ukrainians and Russians which will help keep the US on top.
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U.S. pending home sales approach two-year low; consumer sentiment slumps
I just brought $10k 2 year T bills today added to the $20k TIPs for the last two years. Looking to buy more DivIdends stocks over 3.5% and REIT.
Plenty of money, small portion. I was researching how to buy crypto but I got lazy. I guess I should put some in crypto Or Tesla.
If I can get 4% Tbills, maybe in 1-2 years, I’ll put 50% in the 10 year. I‘m not greedy and I would be happy.
You should being owning TSLA by now. Wait for a good dip. As for crypto, you have 3 options:
1. Just buy Grayscale - GBTC and ETHE (via a normal investment account)
2. Buy BTC and ETH via PayPal. If you have an account already, this is very simple
3. Use COIN.
Seriously, buy a modest amount of BTC and ETH and let it ride. Leave it for the kids/grandkids.
Since I’m locked in at 2.75 k really don’t even care if mortgage rates go through the roof anymore
Yes, on PYPL, you can buy BTC and ETH with any dollar amount that you want. It doesn't have to be a full coin.
You don't actually own the BTC you purchase on PYPL, but it doesn't sound like you'll be moving it around so not an issue in your case.