Stocks

[Scott P]

I guess you are aware a US president tried to sway the vote of a foreign country?

It's not just "a" president. Every president in the last 100+ years has done that. It was especially prevalent during the Cold War in the 1940's through early 1990's, but was going on before that and continues to go on to the present day.

That's the main reason it's silly to accuse Russia of meddling in the US election. The US does that sort of thing all the time. The US has even meddled in Russia's elections several times since the 1990's. Then apparently we're supposed to act all shocked and outraged when they do the exact same thing to us.

[oldno7]

It's not just "a" president. Every president in the last 100+ years has done that. It was especially prevalent during the Cold War in the 1940's through early 1990's, but was going on before that and continues to go on to the present day.

That's the main reason it's silly to accuse Russia of meddling in the US election. The US does that sort of thing all the time. The US has even meddled in Russia's elections several times since the 1990's. Then apparently we're supposed to act all shocked and outraged when they do the exact same thing to us.


please forgive me----I'll try not to do this again

But--I agree with you 100%:2thumbs:

[oldno7]

Simpleton's have already forgot about obamas attempt to unseat Benjamin Netanyahu.

[oldno7]

we've kinda melded 2 discussions here, Stocks/Memo, they are intertwined.

[oldno7]

Monday looks to start off with a large drop.

[rockgremlin]

Ummm...WTF?!

Dow is down 1841 points in just two trading days!! :eek2:


88860

[Brian in SLC]

Ugh.

We'll see what the rest of the week brings...

[DirkHammergate]

Ugh.

We'll see what the rest of the week brings...

Thanks Obama!

[oldno7]

I bought a lot of stock, this morning.

It was all Aurora Cannabis(ACBFF)

I have no complaints.

[Iceaxe]

If you haven't been expecting this bump you don't know stocks. The market has lost 7.8%, that's not even enough to officially be classified as a correction. A correction is a 10% loss.

Anyhoo... guess right on the bottom, and you'll bank a truck load of coin.

[oldno7]

Dow lost around 900 points in the overnight, gained back about 700 of those.(as of 3:30 am)

good chance today is the reversal day.

[oldno7]

and now dropping again, will be a crazy opening.

[rockgremlin]

I'm predicting another modest pullback today. That 10% correction is long overdue. It's easy to panic when you see these types of numbers. But in reality this is just a normal corrective measure. That bull has gotta catch his breath sometime!

[oldno7]

I'm predicting another modest pullback today. That 10% correction is long overdue. It's easy to panic when you see these types of numbers. But in reality this is just a normal corrective measure. That bull has gotta catch his breath sometime!

All very true.

And is the reason I trade my own accounts, I don't feel comfortable losing 10-20% of wealth in a week, knowing it will come back in 3 months.(or longer)

[oldno7]

The DOW futures have been down 934 points in the overnight.

currently off around 300.

It's just a matter of when the bulls feel they have gotten enough of a discount to buy again.

When/if it happens, my charts will show it clearly.(Reversal/buy signal)

Capitulation is what you seek.

[oldno7]

I bought Quantum Cobalt awhile ago for .93 share, it has gone down to the 20's and currently at .39

Percentage wise, I'm off a bunch but I only bought 1000 share so I'm willing to see what Springtime brings to these mines.

[Scott P]

Who here has a 529? Comments and suggestions?

[Iceaxe]

Who here has a 529? Comments and suggestions?I looked into a 529 for my kids college savings (20 years ago) and instead went with a custodial account as it gave me much more freedom. A custodial account is just like a regular portfolio that you manage until the child is 21 at which time it becomes theirs. Taxes are really low because they are paid at the college students rate when they cash out and you are not bound by any 529 restrictions.

This worked out particularly well for my oldest as she ended up with a 4 year full ride academic scholarship and we could use the money elsewhere to help her.

YMMV

[rockgremlin]

I looked into a 529 for my kids college savings (20 years ago) and instead went with a custodial account as it gave me much more freedom. A custodial account is just like a regular portfolio that you manage until the child is 21 at which time it becomes theirs. Taxes are really low because they are paid at the college students rate when they cash out and you are not bound by any 529 restrictions.

This worked out particularly well for my oldest as she ended up with a 4 year full ride academic scholarship and we could use the money elsewhere to help her.

YMMV


How many years old was the custodial account until it was needed? Did you start that account as soon as your kids were born, or sometime afterward? Roughly what is the annual rate of return?

[Iceaxe]

How many years old was the custodial account until it was needed? Did you start that account as soon as your kids were born, or sometime afterward? Roughly what is the annual rate of return?I started the accounts soon after the kids were born. They are nothing more then your typical stock trading account except for the fact the custodian (me) makes the trades and manages the stocks and not the child. When the kid turns 21 they become the custodian of their account, which makes it just like any other stock portfolio. I had the accounts set up through Charles Schwab. My kids accounts averaged about 10% a year over 20 years, which is about the market average. Certainly a better return than a savings account or CD, but you have to suffer the rollercoaster markets.

[oldno7]

I bought a lot of stock, this morning.

It was all Aurora Cannabis(ACBFF)

I have no complaints.

Up over 20% in less than 2 days

[oldno7]

dows up 500+

[rockgremlin]

I think Tuesday's rally is a dead cat bounce. The market has to correct sometime, and usually choppy and dramatic swings in both directions are a prelude to a pullback.

[oldno7]

I think Tuesday's rally is a dead cat bounce. The market has to correct sometime, and usually choppy and dramatic swings in both directions are a prelude to a pullback.

Certainly a possibility but heres what I see:

Market bottoms or swing bottoms are usually accompanied by a volume spike.
Without the spike, the market or swing bottom is usuall temporary and will not hold BUT you get a bounce(perhaps a dead cat, though usually a bear market term)
Avg. volume prior to yesterday had been about 460million shares.
Yesterday the volume spiked to 714million, pretty much a capitulation.
Today you had folks that had been holding cash since the Trump election, waiting for a buy in point.
Volume for today was 823million.
All in all, a good basis for a swing bottom, in a bull market.

Also--earning season is now, companies are all receiving cash benefits from the corporate tax cuts.
It has challenged many because they usually don't have glut of un suspected money.
I think it is a strong 4th quarter reporting, overall.

So, even though I currently have very limited exposure to the Dow/Nas./S&P, I think we will see new highs in the not to distant future.

Then I'll start looking for that volume spike on top.

I could be wrong--Rock could be right--The market will tell.

The trick is to make profit from your plan and plan to profit.

[oldno7]

Heres what I'm talking about with companies reporting 4th quarter, this is a copy of Olin's 4th quarter report.

Olin Corporation (NYSE: OLN) announced financial results for the fourth quarter and full year ended December 31, 2017.
The fourth quarter 2017 reported net income was $489.3 million, or $2.89 per diluted share, which included a tax benefit of $437.9 million from the Tax Cuts and Jobs Act of 2017 (2017 Tax Act). The fourth quarter 2016 reported net income was $17.5 million, or $0.10 per diluted share. The full year 2017 reported net income was $549.5 million, or $3.26 per diluted share, which included a tax benefit of $437.9 million from the 2017 Tax Act. The full year 2016 reported net loss was $3.9 million, or $0.02 per diluted share.

Having that much extra money--somehow might prove problematic but I don't know how.

Certainly some inflation concerns as well as inevitable rate increases(glad my house is paid for)

[oldno7]

Interesting and related read

https://www.cnbc.com/2018/02/06/feds-bullard-says-job-market-strength-may-not-lead-to-higher-inflation.html

[oldno7]

I would venture a guess, we are at the stage marked excess.

New money comes in, bull are in charge everything is going good.

then it's not....

may take quite awhile to play out, maybe top around next fall??

It's all speculation till someone gets their eye poked out.

[oldno7]

Looking like Rock is Right!!:2thumbs:

[oldno7]

I'm off just over $400 today in:

Lithium
Emerging markets
Oil & gas

MJ is still holding and that is where I have a bunch of shares

[accadacca]

The Dow Jones industrial average*plunged 1,033*points Thursday, its second-worst point drop in history, extending its losses in the recent selloff to more than 10% and*putting it officially into correction territory for the first time in since early 2016.

[Brian in SLC]

Anyone jumping out a window...? Ha ha.

Funny...I keep scrolling back to see how far back the plunge takes us. November is all. Crazy how much the dow was gaining last year. That was a long upward ride.

Lets hope for slow and steady up up up....(please)...

The analysis of the why's will be interesting in the next couple of weeks...

[rockgremlin]

Looking like Rock is Right!!:2thumbs:

Yeah I've been burned by this pattern of ups and downs in the market before. Several years ago I used to day trade a lot so I tracked daily movements in the markets religiously.

One thing I learned was - if the market trades choppy all of the sudden it's a prelude to a pretty decent correction - the bears are at the door!

[Iceaxe]

Anyone jumping out a window...? Ha ha.

Funny...I keep scrolling back to see how far back the plunge takes us. November is all. Crazy how much the dow was gaining last year. That was a long upward ride.

Stocks are still up over 50% from where they were on this date in 2016, which also happens to be the last market correction. That's still about $8 trillion in wealth created.

The market would have to drop an additional 10% to be considered bear territory.

[oldno7]

I'm going with lots of upside from here.

[rockgremlin]

I'm going with lots of upside from here.

I think you're right for the most part. It might trend down slightly to start the week, but by closing bell on Friday I expect a fairly substantial rally to recover last week's losses.

[devo_stevo]

Well, today was a good day.

[oldno7]

looks like we might open with a 200 pt +/- drop this morning

[Brian in SLC]

Dow is crawling its way back...nice and slow...easy does it...

Whew. My 401ks are back in positive ground for the year. Back to 5 Feb levels. (But not 1 Feb).

I probably should quit watching it everyday...

[oldno7]

MJ stocks are ruling the market.

I have earnings on my biggest one coming up in March.

I'm going to hold into earnings as I believe this market has just begun to grow.

Prospect of legalization in Canada in or around July will be HUGE.

[rockgremlin]

Prospect of legalization in Canada in or around July will be HUGE.

I'd be shocked if it's not legal everywhere in 10 years. Even in Utah. The tide has turned, and to deny overwhelming support for it would be foolish. At some point the feds will have to relent. I mean for crying out loud it's legal recreationally in D.C.- our nation's capitol. :lol8:

[oldno7]

I'd be shocked if it's not legal everywhere in 10 years. Even in Utah. The tide has turned, and to deny overwhelming support for it would be foolish. At some point the feds will have to relent. I mean for crying out loud it's legal recreationally in D.C.- our nation's capitol. :lol8:

I've looked into US mj stocks and even successfully traded some.

They are far behind Canada as far as value and volatility.

Having said that, there is WAY more potential in US mj stocks than the Canadian's due only to market size.

I keep looking for the US leader in this category and I don't see one as of yet.

I've had 70-80% gains in Canadian stocks, the right US ones will be far more than that, IMO.

[DiscGo]

Hey. I don't know if you guys are familiar with the "Robin Hood" app but it allows for fee less stock trading and eventually there will be fee-less crypto trading as well.

If you sign up using my link, we will both get 1 free stock:
https://share.robinhood.com/danb377

[rockgremlin]

Hey. I don't know if you guys are familiar with the "Robin Hood" app but it allows for fee less stock trading and eventually there will be fee-less crypto trading as well.

If you sign up using my link, we will both get 1 free stock:
https://share.robinhood.com/danb377


So you can day trade for free? :eek2:

How the heck is that possible? TD charges like ~ $7 bucks per trade...and it used to be $10. Got to the point where I stopped trading altogether cuz TD was just juicing me. Bastards.

[Iceaxe]

The Federal Reserve did a good job of torpedoing the stock market today :-(

[devo_stevo]

And it's coming back already. Keeping interest rates at or near 0 like they have done for the last 10 years can't work forever, so interest rates have to rise sometime.

[Scott P]

Keeping interest rates at or near 0 like they have done for the last 10 years can't work forever, so interest rates have to rise sometime.

Maybe so, but the only ones who are benefiting from the increase are the banks and money lenders. Everyone else loses (even if you don't have debt).

I have also noticed now that interest rates have risen for loans, paid interest hasn't really risen with it.

Since there are a lot of Utahns here, checking the website Zions Bank for example, says they pay 0.06% interest on savings accounts and 0.02% on checking accounts. It's almost nothing, but still better than the 0% they pay here. Of course if you want to borrow money, the are very happy to charge you a higher interest rate (which is why I hate debt and try to avoid it).

[oldno7]

We all pay for low interest rates through inflation, much less recognizable to some but most notable.

EVERYTHING costs more when interest rates are low.=inflation

central banks manipulate short-term interest rates to affect the rate of inflation in the economy

[oldno7]

I bought into GE today at 14.155

I've been wanting to buy GE for a long time, was just waiting for the price to bottom.

Having said that, I'm not certain it has bottomed but am in position to hold from this price point.

[devo_stevo]

Maybe so, but the only ones who are benefiting from the increase are the banks and money lenders. Everyone else loses (even if you don't have debt).

I have also noticed now that interest rates have risen for loans, paid interest hasn't really risen with it.

Since there are a lot of Utahns here, checking the website Zions Bank for example, says they pay 0.06% interest on savings accounts and 0.02% on checking accounts. It's almost nothing, but still better than the 0% they pay here. Of course if you want to borrow money, the are very happy to charge you a higher interest rate (which is why I hate debt and try to avoid it).I wholeheartedly agree on all points you make here. Interest rates that are paid on savings accounts are a joke and have been for a long time now.

As for debt, I am convinced that the best way to stay broke is to give all your money to a bank to pay for something that you can't afford. So yes, it should be avoided as much as possible.

[Iceaxe]

I really believe in 2000 years when history looks back on this period in time credit will be seen as a form of slavery. What else can you really call it when the rich get richer by doing absolutely zero work and doing nothing but lending money to the poor.

Or the other way I often look at it is people are not poor because they have no money, people are poor because they don't know how to manage money.

YMMV

[devo_stevo]

Poor is a mentality. Broke is a condition.

I agree with your views on credit and debt.

[Rob L]

..<snip>... people are not poor because they have no money, people are poor because they don't know how to manage money.YMMV

This is a very sage and true statement. I guess it's the same in the USA, but here we have unemployed families with no money to feed their kids, but they have huge TVs, big cars and mobile phone contracts with all the extras. (Our welfare state is too generous; it's cheaper for them to be on the dole than get a job).

Rob
(disgruntled of England-shire)

[Scott P]

Or the other way I often look at it is people are not poor because they have no money, people are poor because they don't know how to manage money.

I agree.

The exception is medical cost. A lot of people go bankrupt because of medical cost.

A lot of people don't know how to manage money. They don't understand interest rates. Some businesses count on this. A few years ago I was in a car dealership and they kept quoting the monthly payment I could get, rather than the price of the car.

[Iceaxe]

A few years ago I was in a car dealership and they kept quoting the monthly payment I could get, rather than the price of the car.

A friend of mine manages a car dealership, he always told me the biggest mistake a person can make when buying a car is to tell the dealership what you can afford a month. He said he can make the payment work for anything, of course you might be on a 7 or 9 year loan and will be up-side-down at some point.

[Iceaxe]

The exception is medical cost. A lot of people go bankrupt because of medical cost.

Going bankrupt doesn't make you poor.... it means you are broke at the moment. As stated above "Poor is a mentality. Broke is a condition".

Sometimes claiming bankruptcy actually makes good business sense and is just part of good money management. You always hear the liberals yapping about Trump going bankrupt (something like 5 times on just over 500 companies). If you actually study the bankruptcies it actually made the best financial sense on those companies.

If you study Billionaires you will discover many of them have multiple bankruptcies in their past. It is mostly to do with the fact they are risk takers and will keep attempting risky business ventures until one takes off. But just about everyone who is a billionaire understands money management extremely well.

Anyhoo.... food for thought

[Scott P]

Going bankrupt doesn't make you poor.... it means you are broke at the moment. As stated above "Poor is a mentality. Broke is a condition".

Sometimes claiming bankruptcy actually makes good business sense and is just part of good money management. You always hear the liberals yapping about Trump going bankrupt (something like 5 times on just over 500 companies). If you actually study the bankruptcies it actually made the best financial sense on those companies.

If you study Billionaires you will discover many of them have multiple bankruptcies in their past. It is mostly to do with the fact they are risk takers and will keep attempting risky business ventures until one takes off. But just about everyone who is a billionaire understands money management extremely well.

Anyhoo.... food for thought

Yes, but that's different from medical bankruptcy. If you go bankrupt for medical reasons, you lose your house and everything else as well.

[Scott P]

Anyway, speaking of interest and money management, I checked the most recent statement from one of my credit cards. We always pay ours off 100% every month. They do now tell you how long it will pay the card off if you make only the minimum payment.

For last month's credit card expenditures, which were only about half that of the previous month, it would take 18 years to pay the card off even if we didn't buy one thing after that month! That's with a statement that is quite a bit less than our average expenditures!

89164

[Iceaxe]

Yes, but that's different from medical bankruptcy. If you go bankrupt for medical reasons, you lose your house and everything else as well.

There are ways around it.... I know of at least two couples who got divorce (at least on paper) to avoided similar situations.... good money management or at least hire a good professional.

:soapbox:

[devo_stevo]

It's like playing with snakes. All it takes is one slip up and you don't pay it off each month completely and you're in trouble. 18 years to pay off $4500 is crazy. It's no wonder people have so much trouble with money. it's way too easy to fall off the wagon.

[rockgremlin]

So you can day trade for free? :eek2:

How the heck is that possible? TD charges like ~ $7 bucks per trade...and it used to be $10. Got to the point where I stopped trading altogether cuz TD was just juicing me. Bastards.

DiscGo

[DiscGo]

rockgremlin


"Free trading means that Robinhood Financial receives $0 commissions on self-directed individual cash or margin brokerage accounts that trade U.S. listed securities placed online. Keep in mind, relevant SEC & FINRA fees may apply."

https://share.robinhood.com/danb377

[DirkHammergate]

Gary Cohn's "**** this!" face...

https://s3.yimg.com/lo/api/res/1.2/_0jALpDWI6O58S8zGoowRQ--/YXBwaWQ9eW15O3c9NjQwO3E9NzU7c209MQ--/http://media.zenfs.com/en/homerun/feed_manager_auto_publish_494/ba4e0dedca174eb1b586c4defa5e94d1

Enjoy the Stable Genuis' Market tomorrow.

[Iceaxe]

Gary Cohn's "**** this!" face...

https://s3.yimg.com/lo/api/res/1.2/_0jALpDWI6O58S8zGoowRQ--/YXBwaWQ9eW15O3c9NjQwO3E9NzU7c209MQ--/http://media.zenfs.com/en/homerun/feed_manager_auto_publish_494/ba4e0dedca174eb1b586c4defa5e94d1

Enjoy the Stable Genuis' Market tomorrow.
A couple things I've notice about Trump.... He goes through staff at a pretty high rate of speed, but I've also noticed he has a good track record of replacing the departed with someone even better.

[DirkHammergate]

A couple things I've notice about Trump.... He goes through staff at a pretty high rate of speed, but I've also noticed he has a good track record of replacing the departed with someone even better.

It's not sustainable. Nobody has really caught my eye as a replacement, maybe John Kelly as he winced back stage during the Charlottesville presser meltdown. At this point Dirk has a shot at a Whitehouse position, I'm submitting my resume as I speak.

[DirkHammergate]

It's not sustainable. Nobody has really caught my eye as a replacement, maybe John Kelly as he winced back stage during the Charlottesville presser meltdown. At this point Dirk has a shot at a Whitehouse position, I'm submitting my resume as I speak.

So I will metaphorically ask.... if a tree falls in the forest when nobody is there, does it make a sound?

[Iceaxe]

It's not sustainable.

We shall see... so far Trump has done pretty dang well at accomplishing what many said was impossible, including becoming President of the United States :-)

I'm willing to bet my stocks are worth more next month then they are this month.

#MAGA

[DirkHammergate]

We shall see... so far Trump has done pretty dang well at accomplishing what many said was impossible, including becoming President of the United States :-)

I'm willing to bet my stocks are worth more next month then they are this month.

#MAGA

I actually hope so for you, a lot of us have a lot to lose economically over the tariff proposal. Tariffs never, ever, ever go well and I'm the "liberal" in the room. If China decides to war over the tariff proposal, good luck. China doesn't have a short term plan, it's a hundred year plan to secure the old Silk Road ports and trade.

[Iceaxe]

I actually hope so for you, a lot of us have a lot to lose economically over the tariff proposal.

I'm willing to bet few on this forum will feel the impact of a steel tariff more than me. I'm a structural engineer, which means I design really big shit made out of steel.

It's impossible to win a trade war against the US, the problem is what will the colateral damage be.

But I'm willing to bet this is just like everything else Trump does. The guy just tossed down a marker which gives him a solid anchor from which to bargain from.

For example, Trump did the exact same thing with NATO to get the other members to step up and pay their share.

[twotimer]

A couple things I've notice about Trump.... He goes through staff at a pretty high rate of speed, but I've also noticed he has a good track record of replacing the departed with someone even better.I think to be successful with Trump, all one has to do is show up, do your job and kick ass...otherwise, he'll shitcan ya. I like that way he operates...can't cut it, get the hell out.

[Iceaxe]

I think to be successful with Trump, all one has to do is show up, do your job and kick ass...otherwise, he'll shitcan ya. I like that way he operates...can't cut it, get the hell out.

I agree... if you're dead wood your gone, if you're not pulling in the same direction you're gone, if you're a drama queen you're gone, if you're not a team player you're gone, if you're not winning you're gone.

I have no problem with that....

[emoji631]

[devo_stevo]

I'm willing to bet few on this forum will feel the impact of a steel tariff more than me. I'm a structural engineer, which means I design really big shit made out of steel.
I'm in the same boat as you. I'm not an engineer, but I make that crap you design bolt together. If people stop building with steel, I'm in trouble.

Here's what's on the boiler at the moment. Coming soon to a neighborhood near you.
89186

[rockgremlin]

^^^ Is that Ogden's next SuperWalmart?

[devo_stevo]

^^^ Is that Ogden's next SuperWalmart?Nope. It's for Stadler. They are going to be making light rail train cars in Salt Lake.

[Iceaxe]

Trumps right about one thing, if you can't produce steel you don't have a country.

Everyone agrees other countries are dumping steel in the US and it needs to stop before it puts our steel suppliers out of business. The question is really are blanket tariffs the best answer.

I'm also thinking this tariff is a two pronged approach as Trump has told Canada and Mexico they will be exempt if they come up with a new NAFTA deal. So Trump is leveraging the tariff to get the stalled NAFTA talks moving forward.

[devo_stevo]

Very true, and the US steel industry has suffered greatly over the last 20 years or so due to foreign steel makers undercutting them on prices. It's not nearly as healthy an industry as it once was. It's nice to see someone that can make a difference actually doing something about it.

That being said, I think that the tariffs he's talking about are nothing more than a bargaining point to start from. I don't think that they are going to be nearly as severe as everyone says right now. He's just trying to get the other side of the table to sweat a bit so they feel like they have to give something to us so that we can give back to them. Only time will tell how it all shakes out.

[Iceaxe]

Gary Cohn's "**** this!" face...

Enjoy the Stable Genuis' Market tomorrow.

Remind me to never take investing advise from you. Stocks basically held even despite Cohn's exit. My financial portfolio actually went up a massive $10 today.



https://uploads.tapatalk-cdn.com/20180307/89cdcb23d5225483a3e4e179c105a5ad.jpg

[devo_stevo]

Weren't we just talking about this yesterday?

US steel maker to reopen idled steel plant and bring back 500 jobs due to Trump tariffs.

https://www.msn.com/en-us/money/companies/us-steel-ceo-were-reopening-an-idled-plant-and-bringing-back-500-jobs-due-to-trump-tariffs/ar-BBJZ7gv?li=BBnbfcN

[rockgremlin]

Weren't we just talking about this yesterday?

US steel maker to reopen idled steel plant and bring back 500 jobs due to Trump tariffs.

https://www.msn.com/en-us/money/companies/us-steel-ceo-were-reopening-an-idled-plant-and-bringing-back-500-jobs-due-to-trump-tariffs/ar-BBJZ7gv?li=BBnbfcN


This is also good for coal because you can't make steel without met coal. For a while now, the U.S. has been exporting met coal to Brazil, Brazil would make steel with it and then send the steel back to the U.S. Well, if the steel is made here at home then then the met coal also stays here in the U.S. and contributes to the domestic production of steel.

U.S. made steel with U.S. mined coal.

[2065toyota]

Jobs will be created if the tarrifs go through and plants will reopen and jobs will be created. But there is a cost of that. Our steel prices are higher which in turn will make everything that the consumer buys that has steel in it more expensive.

No different than increasing the minimum wage, in the long run it just increases inflation and nobody is any better off.

I'm all about keeping in the US and do all I can to stay that way, but there are consquences for doing so

[Iceaxe]

Jobs will be created if the tarrifs go through and plants will reopen and jobs will be created. But there is a cost of that. Our steel prices are higher which in turn will make everything that the consumer buys that has steel in it more expensive.

No different than increasing the minimum wage, in the long run it just increases inflation and nobody is any better off^^^Yes and No^^^

The big problem is other countries, namely China, are dumping steel on the US, which means they are selling steel for less then it costs to produce. They can do this because the government subsidies the Chinese steel industry.

We are forced to slap the tariff on all imported steel because a third party will just import the steel and then sell it into the US.

If the US steel industry goes broke then you are at the total mercy of steel producing nations.

So in the short term steel prices will rise and consumer prices will rise, in the long term steel prices should flat line at a fair price.

So the real question is are you willing to suffer a short term price increase for long term national security?

[Iceaxe]

Also.... don't fall for the Chicken Little act, the cost of the actual steel is really a very small part of the total product price. Engineering, fabrication, manufacturing, packaging, distribution, among other items all add to the cost. Yes the price of items will go up but not be big numbers as the 25% tariff will be absorbed throughout the system.

And as I stated before, I believe the 2nd part of this is for leverage in the NAFTA negotiations.

[2065toyota]

^^^Yes and No^^^

The big problem is other countries, namely China, are dumping steel on the US, which means they are selling steel for less then it costs to produce. They can do this because the government subsidies the Chinese steel industry.

We are forced to slap the tariff on all imported steel because a third party will just import the steel and then sell it into the US.

If the US steel industry goes broke then you are at the total mercy of steel producing nations.

So in the short term steel prices will rise and consumer prices will rise, in the long term steel prices should flat line at a fair price.

So the real question is are you willing to suffer a short term price increase for long term national security?

If the Chinese government is indeed subsidizing the industry to drive the price down and it is that important of a commodity, is there anything that prevents them from subsidiszing it with a greater amount to compensate for the tarrifs?

If their government is ran like ours, does it really matter how much money they lose or where would it all end at?

[Iceaxe]

If the Chinese government is indeed subsidizing the industry to drive the price down and it is that important of a commodity, is there anything that prevents them from subsidiszing it with a greater amount to compensate for the tarrifs?

If their government is ran like ours, does it really matter how much money they lose or where would it all end at?If the Chinese increase the steel subsides we can increase the tariff, or slap a tariff on ALL imports from China, which is called a trade war.

In the long run no country can beat the US in a trade war, but the collateral damage from a trade war could be nothing to huge for all involved.

The US is betting the Chinese will realize it's just easier to sale steel at a fair price, which is the simple solution.

[Iceaxe]

All stock index's are up... the market didn't even blink over Cohn's exit, just business as usual.

[twotimer]

I wonder what it'll do tomorrow now that we're playing footsie with NK.

[2065toyota]

I spent most of today and will be again tomorrow sending out revised estimates for all the upcoming and scheduled work we have notifiying my customers about the 25% percent increase in steel costs that just happened

I anticipate losing 25% of the current contracts we have. Not that they can go anywhere else and get it cheaper, just the fact that I'm the bearer of bad news.

Our probably best saving grace is were are the largest ornamental iron company in Utah south of Provo.

The supplies are even being put on quotas which are going to weed out a lot of small business that don't buy enough volume and will not be able to purchase steel.

The consumers are the ones who are going to be paying the price for the tarriffs because of the increased costs which in turn leads to higher home prices which in turn helps lead to more inflation.

Hopefully its just a temporary tactic the get the NAFTA reorganized with better terms

[devo_stevo]

I spent most of today and will be again tomorrow sending out revised estimates for all the upcoming and scheduled work we have notifiying my customers about the 25% percent increase in steel costs that just happened

I anticipate losing 25% of the current contracts we have. Not that they can go anywhere else and get it cheaper, just the fact that I'm the bearer of bad news.

Our probably best saving grace is were are the largest ornamental iron company in Utah south of Provo.

The supplies are even being put on quotas which are going to weed out a lot of small business that don't buy enough volume and will not be able to purchase steel.

The consumers are the ones who are going to be paying the price for the tarriffs because of the increased costs which in turn leads to higher home prices which in turn helps lead to more inflation.

Hopefully its just a temporary tactic the get the NAFTA reorganized with better termsI'm afraid you're right. I've mentioned in other threads, I'm in the steel industry. I'm a self employed steel detailer. If people stop building with steel, I'm in trouble. On the bright side, I've got no debt on the business as of April 1 in a couple of weeks here and some money in the bank as well as the fact that I'm good enough at it that fabricators keep coming to me more and more. Hopefully that continues.

[2065toyota]

I'm afraid you're right. I've mentioned in other threads, I'm in the steel industry. I'm a self employed steel detailer. If people stop building with steel, I'm in trouble. On the bright side, I've got no debt on the business as of April 1 in a couple of weeks here and some money in the bank as well as the fact that I'm good enough at it that fabricators keep coming to me more and more. Hopefully that continues.

If you do steel detailing we should get together. We started in structural steel a year or so ago along with our ornamental side and have about some large projects coming up.

[devo_stevo]

If you do steel detailing we should get together. We started in structural steel a year or so ago along with our ornamental side and have about some large projects coming up.
Sounds like a plan. I'm happy to help. I've been in business for myself for the last 3 years, but I've been doing this since 1996.

If you need anything, hit me up: steve@valleystructural.com

[double moo]

On the flip side... those of us on the concrete side will benefit. In the commercial construction world there is always a debate between steel frame and concrete frame structures... often comes down to cost. Bar costs will escalate but it a small fraction by tonage compared to structural steel. (steel frame will always be the better schedule bet).

[devo_stevo]

On the flip side... those of us on the concrete side will benefit. In the commercial construction world there is always a debate between steel frame and concrete frame structures... often comes down to cost. Bar costs will escalate but it a small fraction by tonage compared to structural steel. (steel frame will always be the better schedule bet).Also true. I don't see construction stopping or really even slowing down too much because of this, but there will be some projects that they'll change the design to save some cash.

[Iceaxe]

Ouch!!!

Still up 14% over the past year but watching the market over the past couple of days has been painful.

[devo_stevo]

Ouch!!!

Still up 14% over the past year but watching the market over the past couple of days has been painful.
Yup. I've had to look away and tell myself I've still got more than 20 years before I'm retiring and when it goes down, it's just a good time to buy stuff when it's on sale. I can't imagine that after going up over 20% last year, we won't get a year of negatives. This is historically what happens. Just sucks when it does.

[Iceaxe]

So I never understood how Facebook could be valued more than General Motors or Ford. Those two companies have billions in hard assets and sell millions of cars to their customers....

And now I know every dumbass using Facebook was their asset and they were selling your privacy to their actual customers.

It all finally makes sense to me....

[emoji106]

[double moo]

Many many employed snowflakes that have an over inflated self worth... Considering your people are your greatest assets - and you have more value than Ford and GM combined.

[Iceaxe]

China blinks first.... Trump scores another win.

China's Xi promises to cut auto import tariff, warns against ‘Cold War’ mentality

http://www.foxnews.com/world/2018/04/10/chinas-xi-promises-to-cut-auto-import-tariff-warns-against-cold-war-mentality.html

[emoji631]

[oldno7]

Bull or bear market?


If a bull , it needs to take out 24,800.

If a bear, take out just below 23,800

[oldno7]

If the bears win, I would guess a minimum 40% reduction.

[oldno7]

and down we go...

[oldno7]

probably a 200 point drop to open, coming.

where from there?

[oldno7]

for anyone interested, the chart comparisons from 2018 to 2007 are very similar. we got about a 50% crash back then.

I'm still bullish the market but reshaping my portfolio to not be severely damaged in the possibility of a crash.

Things are quite different now, vs. 2007, economically.

This bull market is 9years old, it's time to be careful.

[rockgremlin]

for anyone interested, the chart comparisons from 2018 to 2007 are very similar. we got about a 50% crash back then.

I'm still bullish the market but reshaping my portfolio to not be severely damaged in the possibility of a crash.

Things are quite different now, vs. 2007, economically.

This bull market is 9years old, it's time to be careful.


Back in 2007 - 2008 there was a legitimate potential threat to the economy in the form of the housing bubble and all of the unjustified overlending that banks were engaged in. Years of big banks extending credit and offering loans to almost anyone regardless of their ability to repay finally caught up with them. But those were activities that were transparent -- it took place right out in the open, and we ought to have seen the writing on the wall sooner. In the end, turning a blind eye to dubious policies in the name of greed torpedoed the economy. Banks and credit lending institutions learned valuable lessons from that catastrophic time, and some banks just withered and died.

But fast forward to today...what event could potentially wreck the currently high-rolling economy?

[Iceaxe]

^^^THIS^^^

I see no reason the current economy will not keep rolling along for another 5 or 6 years. YMMV

[oldno7]

1) Rising interest rates

2) Inflation

3) War --(Israel vs. Iran?)

4) Panic and fear.

5) Irrational exuberance/euphoria


I'm not saying a crash is inevitable, merely stating the possibility is real.

I use timing in my trading, May 17th and 18th come up as important dates.

I trade no matter what, most can't make the daily/inter daily adjustments like I do.

I will be selling out of my oil positions earl to mid next week.

If prices keep rising into next week, I might abandon all positions for a little bit.

[oldno7]

Rising interest has a tendancy to draw people into bonds, money for bonds, comes from stocks, in general.

The national debt will struggle with a rise in interest rates.

How about a CRASH in crypto markets?

That could get the ball rolling, after that it's all emotion.

many reasons to be alert, especially if you are a boomer and time for a recovery is not on your side.

[twotimer]

If the market were to somehow take a multi-thousand point dive I will certainly buy more stock that I did in early '09...back then I was too cautious and If I would have gone apeshit I'd be a multi-millionaire many times over right now. And that's just will the handful of stocks that I did buy.

I certainly love how my IRA is looking, but I set up my retirement with rental properties.

I agree with Iceaxe...I think it'll just get better overall. The United States is swingin' the biggest dick in the world and we finally have a leader who knows how to use it.

[oldno7]

,,,,

[uintafly]

If the market were to somehow take a multi-thousand point dive I will certainly buy more stock that I did in early '09...back then I was too cautious and If I would have gone apeshit I'd be a multi-millionaire many times over right now. And that's just will the handful of stocks that I did buy.

I certainly love how my IRA is looking, but I set up my retirement with rental properties.

I agree with Iceaxe...I think it'll just get better overall. The United States is swingin' the biggest dick in the world and we finally have a leader who knows how to use it.

Depending on where those rentals are, I bet you are pretty happy right now. I can't believe the price of rent these days along the Wasatch Front, but I guess when you have vacancy rates flirting with 2%, you can charge what you want. Even with all of the inventory that has come on the last 24 months and all of the inventory ready to come on in the next 24 months we are still seeing a housing shortage in Utah, which is seriously pushing up the real estate values. A few years ago you could find commercial and multifamily investments at a 7 cap all day long. Good luck with that now. Hard enough to find a 5 cap property these days. Couple that with increasing rates, and I am not sure jumping into long term real estate holds is a great deal. Want to make a ton of money though? Find a decent deal on raw land and develop it into .5 acre residential lots.

[oldno7]

diversify

real estate certainly does that.

rentals would seem a solid investment in current markets.

[Iceaxe]

Want to make a ton of money though? Find a decent deal on raw land and develop it into .5 acre residential lots.

Hahaha.... good luck with that.

That's just like saying it's easy to make money in the stock market, just buy low and sell high.

[emoji631]

[devo_stevo]

Yeah, more people go bankrupt doing just that than anything else in the world of real estate investing.

[oldno7]

I built my own 4-plex in the late 90's.

After a couple years of managing, I'd had enough.

I would probably still own if I used a management company.

[oldno7]

I still own several nice, developed building lots in Iron county.

Raw land never recovered here as much as actual houses.

I have lots in Cedar city and Parowan, if anyone is looking.

[rockgremlin]

I have lots in Cedar city if anyone is looking.


Where specifically?

[oldno7]

Where specifically?

the cove.

Be good for you, just below the new temple and it is visible from lot:naughty:

[devo_stevo]

the cove.

Be good for you, just below the new temple and it is visible from lot:naughty:
That's a nice spot. I drove around in there last time I was down there. I'd buy it from you if I was ready to do that sort of thing at this time in my life. I've got a couple of things to take care of first though.

[oldno7]

listing

https://www.century21.com/real-estate/cedar-city-ut/LCUTCEDARCITY/?pdp=C2180644809

[oldno7]

Bought that cedar lot around 2007--price just over $80,000

Like I said, raw land hasn't rebounded.

[devo_stevo]

listing

https://www.century21.com/real-estate/cedar-city-ut/LCUTCEDARCITY/?pdp=C2180644809
Looks like a nice spot. I'm surprised you couldn't get more for it if you bought it for $80,000. House prices are at or above where they were back then.

[uintafly]

Yeah, more people go bankrupt doing just that than anything else in the world of real estate investing.

Yeah, I was sorta half joking. If done correctly, you can make a good chunk of change. The problem of course is that every Joe Shmoe thinks they know how to do, but most don't. But in the last 36 months I've probably financed $30 million in subdivision developments and haven't lost a dollar yet.

[oldno7]

looks like it will break out of the last 2 days, to the upside.

[rockgremlin]

Some friends and I were having a discussion about this topic over the weekend. The real estate market (at least in Utah) is now at or above 2008 levels. It just seems like there is no correction in the current market. It's all UP, UP, UP, with no end in sight.

But this can't be maintained forever. At some point, it's all gotta come crashing down. I know the market conditions are different than they were 10 years ago, but that still doesn't dismiss the fact that a large correction is looming on the horizon....just when tho?

When 1500 sqft unfinished houses in SLC are going for over $400,000 you know the market is off the rails...

[Iceaxe]

I don't see a big real estate correction ever coming to the SL valley. The reason is the buildable land is nearly gone. It's all supply and demand.

[oldno7]

Canadas parliament has passed legalization of mj.

Some formalities yet but mostly a done deal.

If you don't own any Canadian mj stock, it's too bad.

[rockgremlin]

^^^ GASP!!! Canada just legalized a gateway drug?! Brace yourselves boys, Armageddon is imminent!

But seriously, it looks like most cannabis stocks are up between 3% - 7%. Dang I should've gotten in on that.

[uintafly]

^^^ GASP!!! Canada just legalized a gateway drug?! Brace yourselves boys, Armageddon is imminent!

But seriously, it looks like most cannabis stocks are up between 3% - 7%. Dang I should've gotten in on that.

I used to have a neighbor that was an LDS guy and did a ton of gambling. He said he liked it because he didn't have to pay his 10% on his winnings because the church didn't want "ill-gotten gains". The LDS folks on this board should do the same with MJ stocks.

[oldno7]

Canadian MJ will be available to the public on 10-17-2018

[rockgremlin]

Canadian MJ will be available to the public on 10-17-2018

Recreational MJ is already available in: Massachusetts, Maine, Alaska, Colorado, Nevada, Washington, Oregon, D.C., and California.

In another 5 years it could be legal in all 49 states (minus Utah). :lol8:

[devo_stevo]

In another 5 years it could be legal in all 49 states (minus Utah). :lol8:
My experience from last weeks Ogden Twilight concert with Little Dragon, it pretty much already is. Just based on the number of people lighting up all around me and the number of police officers standing nearby that did absolutely nothing about it.

Just saying.

[Goat]

the cove.

Be good for you, just below the new temple and it is visible from lot:naughty:

The Cove, huh? I think I did a kegstand there and held back a girl's hair while she threw up in a mailbox.

[twotimer]

Ah...what a fond memory!

[Iceaxe]

China's stock market is tumbling. The US has China by the short hairs in this trade war. The US stock market should see another run up when the war is won.

[accadacca]

So... I've been following the Facebook IPO that is soon to make a couple of billionaires and a couple hundred millionaires out of those currently holding its stock.... and some things just don't make a lot of sence to me about interweb companies...



http://i45.tinypic.com/2ih5yj5.jpg

Facebook shares dove 19 percent Thursday, with the social networking giant shedding about $120*billion in market value after the company warned of slowing sales growth.

https://usat.ly/2NLGcxG

[rockgremlin]

^^^The long awaited for Facebook crash...hasn't the writing been on the wall for a while now? But damn...whoever is shorting their stock at the moment is gonna be very well compensated.



Speaking of stocks...anybody have any good leads on a good global natural gas company? With China looking to go green in the next 3 years, coal is going to take a massive hit.


https://www.rt.com/business/433780-china-drag-coal-prices-down/

[Iceaxe]

Facebook stock has never made any sense since day one...

Mark Zuckerberg loses $16B in one day as Facebook stock plunges 20 percent

http://www.foxnews.com/tech/2018/07/26/mark-zuckerberg-loses-16b-in-one-day-as-facebook-stock-plunges-20-percent.html

[rockgremlin]

Facebook stock has never made any sense since day one...

Mark Zuckerberg loses $16B in one day as Facebook stock plunges 20 percent

http://www.foxnews.com/tech/2018/07/26/mark-zuckerberg-loses-16b-in-one-day-as-facebook-stock-plunges-20-percent.html



This brings a smile to my face. But.....you have to know that this is just a speed bump. It will bounce back.

My prediction is....if you're willing to take the risk, now is a great time to snatch up some FB stock at a discount - or wait a few more days for it to plunge a little more. But it will undoubtedly rally. Tomorrow you might see a dead cat bounce on the way down, but it's not going to stay down long.

[Iceaxe]

And when Facebook hits rock bottom it will still be overvalued if you value the stock at its rational level.

[twotimer]

I think there are millions who are literally addicted to it. He's not going to lose them.

A lot of others may be turned off by the sneaky bullshit that the site is. I would love to watch it crash and burn...other colossal corporations have flamed out quick in the past.

I had a page with them for a month back in '09. The shallowness of it dawned on me and I bailed. I'll tell ya what really gets me about Facebook...

It was championed as a comrade of the left but turned out to be the very greedy, shameless Corporation that they despise. Useful Idiots, indeed.

[Iceaxe]

When Facebook first went public I couldn't figure out exactly what they had of actual value to sale...

....but I soon learned what they were selling was YOU. They sell all your, security along with your personal and private information to anyone with the coin to pony up.

[emoji631]

[accadacca]

Twitter loses one-fifth of its market value on weak user numbers

It began Wednesday with Facebook, which announced that daily active user counts had fallen in Europe, to 279 million from 282 million earlier this year. Facebook also indicated it was no longer growing in the US and Canada, two of the most lucrative advertising markets. Just as Facebook was working through its second year of nearly nonstop scandals over unchecked political meddling and data misuse, it was becoming clear that the days of consistent and relatively easy growth were fading.

Then, on Friday, Twitter said it too was seeing user counts drop, to 335 million people who log in each month from 336 million just three months earlier, in part because of its efforts to, as it says, improve "the long-term health of the platform."

[oldno7]

Very nice morning for us MJ traders

[rockgremlin]

90296


Geez, WTH happened to cause the sharp spike upward?

[oldno7]

90296


Geez, WTH happened to cause the sharp spike upward?

Constellation brand put in 3.8 Billion.

I sold my Canopy positions this morning in the first 5 minutes.(+28%)

Holding a metric(canada) shit ton of Aurora still, as well as Hydropothecary

[rockgremlin]

Coulda sold your Aurora too, since it's currently up 18%

[oldno7]

Coulda sold your Aurora too, since it's currently up 18%

looking for it to go to 8.00+

I'll start selling some then

[oldno7]

https://seekingalpha.com/article/4193533-molson-coors-enters-canadian-cannabis-scene

[rockgremlin]

https://seekingalpha.com/article/4193533-molson-coors-enters-canadian-cannabis-scene


Non-alcoholic, cannabis infused beer, sponsored and funded in part by Coors Brewing Co. -- what a time to be alive. :drink:

[oldno7]

Non-alcoholic, cannabis infused beer, sponsored and funded in part by Coors Brewing Co. -- what a time to be alive. :drink:


:2thumbs:

Better yet---what A time to be an investor(and alive)....

[Iceaxe]

Tesla stock is in free fall. It's down 20% in recent weeks. Popular opinion is Elon Musk will be forced out, which many believe will be the downfall of Tesla.

This all reminds me of Steve Jobs being forced out at Apple. Dejavu...

Personally Elon Musk reminds my of John DeLorean with an unlimited bankroll.

[diesel]

I live near the new Facebook campus and everyone just marvels at the massive construction project. Nobody realises that the massive construction expenditure is outside the Facebook fence. Someone (prolly you and me) is paying for thousands of miles of fiber that terminate in their fenced yard. Just as an FYI all new data traffic will go through Los Lunas, New Mexico. The campus has to be a non personnel related facility because there isn't a working population there. Wal-Mart can't find enough employees to stay fully staffed and they'll hire anyone.

As far as Musk is concerned, he's more Preston Tucker than DeLorean. Look at what the NADA had all the individual state governments do. That was mostly Democrat politicians screwing over an electric car company, go figure. I want a car that the maker is proud enough to back all repairs for the useable life of the vehicle.

What? It's not covered in the warranty? That new tyranny is 5k take it or leave it.

I want a car the wife and kids can drive till the wheels fall of. No engine oil. No differential check.

Sent from my LG-M210 using Tapatalk

[double moo]

Tesla stock is in free fall. It's down 20% in recent weeks. Popular opinion is Elon Musk will be forced out, which many believe will be the downfall of Tesla.

This all reminds me of Steve Jobs being forced out at Apple. Dejavu...

Personally Elon Musk reminds my of John DeLorean with an unlimited bankroll.

Isn't he working with the Saudis on a privatization buy out? Hence... public lip flapping that causes a drop in the stock price could be a brilliant move.

[rockgremlin]

Facebook might shed a few more points this week as the Feds make additional accusations.

https://www.ksl.com/?sid=46377639&nid=1012&title=us-regulators-target-facebook-on-discriminatory-housing-ads

[Iceaxe]

Isn't he working with the Saudis on a privatization buy out? Hence... public lip flapping that causes a drop in the stock price could be a brilliant move.Musk is also under investigation by the SCC for lip flapping, which is why the stock price is in free fall.

[oldno7]

Canopy closing in on all time high.

Aurora up over 9% on the morning

[oldno7]

New highs for Canopy

[oldno7]

The price manipulation is crazy for Aurora stock today.

Was artificially held down while Canopy went to new highs.

[oldno7]

Aurora was held down by the floor not allowing the ASK price to exceed $5.44(for close to 2 hours)

During the same time--Canopy rose around $1.25

These 2 stocks have a history of mirroring each other on a chart.

No biggy, to me, just an interesting event.

[oldno7]

Aurora up over 13% so far this morning(15 minutes)

[oldno7]

Closed out a bunch of MJ today--up 56% in 8 days.

Looking for a correction next week and buy,buy,buy,

[rockgremlin]

Closed out a bunch of MJ today--up 56% in 8 days.

Looking for a correction next week and buy,buy,buy,


MJ stocks going even higher this week. Aurora up 6% this morning.


https://www.investors.com/market-trend/stock-market-today/dow-futures-tesla-stock-marijuana-stocks-tilray-cronos-canopy-growth/

[oldno7]

MJ stocks going even higher this week. Aurora up 6% this morning.


https://www.investors.com/market-trend/stock-market-today/dow-futures-tesla-stock-marijuana-stocks-tilray-cronos-canopy-growth/


Still holding Aurora. ($8+)

Sold Hydropothecary on Friday, missing a 9% rise there but:ne_nau:(made 16.88%)

Bought and Sold Canopy this morning.

[oldno7]

Lots of Aurora

[rockgremlin]

Lots of Aurora


I'm jealous. Wish my portfolio looked like that.

[oldno7]

just sold CHOOF(+18.01%)

[oldno7]

Have a limit order in to also sell GWPharmaceuticals

[oldno7]

looks to be another good morning in the cannabis sector.

All up in overnight trading.

[oldno7]

New "high" in Canopy.

[oldno7]

sold all canopy, average of 48.725

looking to buy back in

[oldno7]

The Canopy group, in the last 14 days, has increased just over 100%

Now thats impressive.

[oldno7]

CGC--up today 14.6%

Of which I got less than half.

Fibonacci says CGC will put in a high tomorrow, will be interesting, seems overpriced right now.

This run up is incredible, now if I can get Aurora to follow, things would be great

[oldno7]

Nike was down 3.16% today

[Iceaxe]

Nike was down 3.16% today
Why Nike decided to jump into the middle of that NFL shit show is beyond me.

Climb-Utah.com

[oldno7]

They paid a .20 dividend, last Thurs. could be some of it, if earnings are off.

They beat estimates the last 2 quarters, should report again 3rd week of this month.

[Iceaxe]

Nike was down 3.16% todayLOL...

https://uploads.tapatalk-cdn.com/20180905/ba62ad9fc5062f69fe01f9a0a4dd3c62.jpg

Climb-Utah.com

[oldno7]

found the reason for the drop---gotta love James Woods

[powerplay]

LOL...

https://uploads.tapatalk-cdn.com/20180905/ba62ad9fc5062f69fe01f9a0a4dd3c62.jpg

Climb-Utah.com

These boycotts and divestments never last and ultimately bring profit. For evidence just look at your comments in other threads, ie Chick-fil-A and now In-N-Out. The old mantras holds for these companies, there is no bad publicity. Keurig seems to be doing just fine.

And he's making millions off a smart PR move.

https://bleacherreport.com/articles/2794022-report-colin-kaepernicks-nike-contract-worth-millions-will-get-branded-line

It's seems y'all understand red meat for your base and this is no different. They will rebound in a few days (do y'all really doubt Nike stock won't) and be just fine. And if you doubt they have support with more than half the country then you aren't paying attention.

Ain't capitalism beautiful? I mean y'all are now talking about Nike when you weren't before.

[Iceaxe]

...
https://uploads.tapatalk-cdn.com/20180905/b3b64a371caa886d27509a443ed7ada0.jpg

Climb-Utah.com

[oldno7]

This is crazy----Canopy-CGC is up $3 in overnight.

Like I said, fibonacci projections say today is the high--we will see.

[oldno7]

on Aug. 29 dicks reported earnings---estimate was 1.05--actual was 1.20

Been climbing since.

[oldno7]

hydropothecary should be headed up as well.

[powerplay]

A lot more to the story. Adidas also experienced a noticeable drop yesterday which no one mentioned.

$40+ million in free PR buzz for Nike thanks to folks like James Woods.

https://www.bloomberg.com/news/articles/2018-09-04/kaepernick-campaign-created-43-million-in-buzz-for-nike-so-far?utm_campaign=news&utm_medium=bd&utm_source=applenews

[Iceaxe]

Let's see how it translates into shoe sales and stock prices over the next year. I can see both sides of this, including the no such thing as bad publicity, I'll be watching with interest.

[oldno7]

This is crazy----Canopy-CGC is up $3 in overnight.

Like I said, fibonacci projections say today is the high--we will see.

Canopy closed $4.70 off the daily high on record volume.

[oldno7]

Canopy off $2 +/- so far in the overnight.

[oldno7]

might be a good gap play, this morning.

[oldno7]

hydropothecary should be headed up as well.

This stock is doing very well, up about 16% so far.

As of yesterday, it is no longer hydropothecary, rather Hexo Corp.

[oldno7]

This stock is doing very well, up about 16% so far.

As of yesterday, it is no longer hydropothecary, rather Hexo Corp.

Went on a tear, this afternoon, I sold, up 22%

[oldno7]

I look at bitcoin charts on occasion, never traded it.

Looks to me like it could go below $6000 in the near future and likely a good bit lower.

[Iceaxe]

US economy is booming, but even more interesting is we're the only game in town. All other markets and countries have issues and their markets are down. Thanks Trump.

[emoji631]

[oldno7]

looks like a swing high put in on HEXO today.

Will look to buy back in, I think this one has legs.

[Iceaxe]

Telsa stock sinks 6% after Elon Musk smokes pot on podcast and top executives resign.

https://www.cnbc.com/2018/09/07/tesla-sinks-8percent-after-bizarre-musk-podcast-appearance-cao-exit.html

#DumpsterFire

Climb-Utah.com

[devo_stevo]

Yeah, as much as I admire what Tesla has done for the future of electric cars, they can't possibly survive for long while they bleed the kind of money that they currently are. All of the forward thinking, and good ideas in the world can't save you from math and cold, hard economics.

[rockgremlin]

Telsa stock sinks 6% after Elon Musk smokes pot on podcast and top executives resign.

https://www.cnbc.com/2018/09/07/tesla-sinks-8percent-after-bizarre-musk-podcast-appearance-cao-exit.html

#DumpsterFire

Climb-Utah.com

That was during a Joe Rogan podcast. Hell who DOESN'T smoke weed during his podcasts? Rogan blazes more weed than a Willie Nelson concert.

I'd be more concerned about Musk's corporate mismanagement than his recreational drug use.

[Iceaxe]

I'd be more concerned about Musk's corporate mismanagement than his recreational drug use.

Except the recreational drug use resulted in the decapitation of Tesla Motors, which in itself is a form of corporate mismanagement I guess.



Climb-Utah.com

[twotimer]

"Alright folks...you've all paid $250,000 to be strapped into this rocket for a ride in space. Fasten your seat belts!"

"Excuse me while I take a bong hit before the countdown".

[oldno7]

Bitcoin if off about 2.5% today.

Sure looks dismal, technically.

[oldno7]

Bitcoin ended up off, just less than 2%(much lower,imo)

Canopy put in a doji star, after the high volume day of 9-5, I believe the high is in for a swing high.

Aurora had a good day and finished strong(+2.4%), I have great hopes for it going $8 and beyond.

[oldno7]

Bitcoin ended up off, just less than 2%(much lower,imo)

Canopy put in a doji star, after the high volume day of 9-5, I believe the high is in for a swing high.

Aurora had a good day and finished strong(+2.4%), I have great hopes for it going $8 and beyond.


Canopy off about 3% today, thus far.

Aurora up 5%ish

[oldno7]

I keep putting in orders to buy Canopy at $45, as I believe it should go there.

It's off about .75 in the overnight.

Canopy is likely a $60+ stock, just going through a pullback, here.

Aurora is up in the overnight, just over $7

I missed out on the biggest move in HEXO but still did well, it continues to rise.

These Canadian stocks have been huge over the last 1 1/2 years, if the US ever goes down this same road the money and potential will dwarf the Canadian market.

[rockgremlin]

....if the US ever goes down this same road the money and potential will dwarf the Canadian market.


You mean legalize weed for recreational use in the USA? :lol8: Yeah, right.


It might eventually happen but it won't be for a long time. Like 20 - 30 years or so. The negative stigma surrounding MJ is firmly entrenched because for decades you had US presidents who publicly waged war on it. Ronald Reagan boldly pronounced that "Marijuana is the most dangerous drug in the United States." -- a bold statement considering crack cocaine was so pervasive and prevalent in the 1980's. And heroin of course has always been around. Why MJ was chosen as the whipping boy is beyond me.

[oldno7]

You mean legalize weed for recreational use in the USA? :lol8: Yeah, right.




AK
WA
OR
NV
CA
CO
VT
MA
ME

Yea, couldn't happen:haha:

[oldno7]

Someone is making money, A traders job is to find out who.

[oldno7]

a year ago, Canopy was trading at $7.85

[oldno7]

Another one I hold is Auxly group, on August 14th it was .56 a share.

Today-$1.20, so far

[rockgremlin]

AK
WA
OR
NV
CA
CO
VT
MA
ME

Yea, couldn't happen:haha:


It's still against federal law in all 50 states, regardless of what the states do. For the federal government to all of a sudden just decide to remove and deregulate a schedule 1 drug that has for decades been lumped in with the most potent and dangerous drugs known to man would almost take an act of God.

[oldno7]

It's still against federal law in all 50 states, regardless of what the states do. For the federal government to all of a sudden just decide to remove and deregulate a schedule 1 drug that has for decades been lumped in with the most potent and dangerous drugs known to man would almost take an act of God.

Not arguing your overall point, although it seems a bit pessimistic, based on what is actually happening.

My point is, I like the idea of making money with stocks.

Currently, cannabis is the hot ticket item.

Canadian stocks do outperform the American equivalents for the reasons you argue.

BUT--there are US trades...

Look at INSY, I've traded this with good success.

My idea is to get ahead of the curve and profit.

[oldno7]

I don't see battery operated vehicles as a current option BUT, I see it in the near future, so, I bought thousands of cheap shares of Lithium and Cobalt companies.

I am upside down on both currently but will hold them for an obvious eventuality.

[oldno7]

There are "trades" and there are "investments", success can be knowing the difference.

[rockgremlin]

At midday:

-- Canopy down 10%

-- Aurora down 8%


Was wondering why Oldno7 was so quiet today...

[oldno7]

I keep putting in orders to buy Canopy at $45, as I believe it should go there.

It's off about .75 in the overnight.

Canopy is likely a $60+ stock, just going through a pullback, here.

Aurora is up in the overnight, just over $7

I missed out on the biggest move in HEXO but still did well, it continues to rise.

These Canadian stocks have been huge over the last 1 1/2 years, if the US ever goes down this same road the money and potential will dwarf the Canadian market.

I just filled up on Canopy again at $45.70

200 more Aurora

[oldno7]

Canopy's price target has recently been moved to $74

[oldno7]

I've got just enough cash to buy again if canopy goes under $45

At this point, I'm good either way.

I'm down about 5k at these lows,mostly from holding Aurora, hopefully up from here..

I was up about 7K the last 2 days

[oldno7]

My target low for Canopy was $44.32, when it hit into the $45's--down from $56, I had to buy.

Still might hit my target, thats why I'm holding a little cash.

[oldno7]

last buy--$44.65

[DirkHammergate]

Nike closed on an all time high... that’s weird.

[oldno7]

Nike closed on an all time high... that’s weird.

not really

[DirkHammergate]

not really

Agreed, you'd have thought so on this board a couple weeks ago.

[oldno7]

When you follow stocks, any stock, they always have immediate reactions to news, whether good or bad.

In a short amount of time, they resume their natural cycle.

I look at nike for 1 reason, is it tradeable?

At the current price, I wouldn't but that's just me, I buy on downswings not at market tops.

Now, just because we have a new high, does not mean it can't go much higher but I think nike, taking a political stance, will eventually become baggage.

I don't support what they are doing but they are playing the game of Capitalism, where the consumer decides, kinda like voting with money.

They took a gamble and in a VERY short term, it has paid off, longterm????

[rockgremlin]

^^^ One thing I've learned is if you trade on emotion you'll soon go broke. It's best to gauge where a stock will end up long term over what it's doing in the present, if that makes sense.

[Iceaxe]

^^^ One thing I've learned is if you trade on emotion you'll soon go broke. It's best to gauge where a stock will end up long term over what it's doing in the present, if that makes sense.
^^^THIS^^^

[oldno7]

I've been watching a sector that may have some interest to some.

I will be buying precious metals in the very near future.(Gold,Silver,Platinum)

Lots of ways to buy:

Companies based on precious metal mining.

Mutual funds

ETF's

commodity

Check them out, what do you guys see?

[rockgremlin]

You looking to buy precious metals as a safe haven or what? You strike me as a guy who likes to keep his money moving. Typically folks invest in precious metals if they suspect the economy might take a downturn. Buy gold and ride out the storm. As I understand it, it's more a strategy to hold on to your money instead of generating income. All of that said, what's your motivation to jump into metals?

[Iceaxe]

I've been watching a sector that may have some interest to some.

I will be buying precious metals in the very near future.(Gold,Silver,Platinum)

Lots of ways to buy:

Companies based on precious metal mining.

Mutual funds

ETF's

commodity

Check them out, what do you guys see?I'm buying bullets and assault rifles. The prices are way down at the moment and you just know they will skyrocket again next time we have a Democratic elected President threatening the 2nd Amendment.

Also, if our economy ever totally tanked bullets will be worth a lot more than gold.

[emoji631]

[oldno7]

You looking to buy precious metals as a safe haven or what? You strike me as a guy who likes to keep his money moving. Typically folks invest in precious metals if they suspect the economy might take a downturn. Buy gold and ride out the storm. As I understand it, it's more a strategy to hold on to your money instead of generating income. All of that said, what's your motivation to jump into metals?

This has been one of the largest bear markets in gold, in history.

Just need the right set up to enter.(next week)?

Definitely thinking as an "investment" not a trade.

You are 100% correct on trading in and out of stocks short term, there is little that I hold long.

This will be a long term goal. I expect between a 50-100% return.

I stated before, I like to buy in down trending markets, if they meet my criteria, precious metals are getting close.

I'm thinking only going about 10% of portfolio, so, not all in or anything like that.

Look at the charts, I see one more level of support I want taken out and I'll buy.

Hopefully with a little capitulation to confirm my thoughts.

[oldno7]

I own a bunch of lithium and it looks like a turn to the upside.

Target in lithium is $40+

Currently $32

[oldno7]

Platinum might be my first buy.

[rockgremlin]

Lots of speculation and over hype surrounding gold. I remember when gold was flirting with $2000/oz. and all the speculators were all claiming gold was on its way to $3K and beyond...

...and then it fizzled.

[rockgremlin]

Platinum might be my first buy.


Platinum behaves slightly different than gold. I agree platinum could be a strong buy since its current $800/ounce price point is pretty low considering it has been fairly steady above $1000/ounce for the better part of the last decade. The last time platinum saw today's prices was back in 2008, just after the housing bubble burst. But even then it recovered into the $1400 - $1800 range fairly quickly. It may be poised to rally back into that range soon.

[rockgremlin]

Damn where's oldno7 lately? The cannabis market just went KRAZY.

Aurora up 18%

Canopy up slightly at 3%

[oldno7]

Damn where's @oldno7 (http://www.bogley.com/forum/member.php?u=2899) lately? The cannabis market just went KRAZY.

Aurora up 18%

Canopy up slightly at 3%

As of today, I am completely out of pot stocks, my overall acct is up 60%+/- ytd.

The jump yesterday was the coke announcement.

Trading was halted this morning because the exchange commission said something was amiss.

Aurora came out and made a statement that they talk with many industry partners but they have made no deals with any beverage company.

NOW

Having said all that...

I believe Aurora is going higher, likely much higher.

They announce earnings on the 25th.

I'm looking for a pullback to get back in.

Yesterday was my best trading day, yet.

[oldno7]

If Aurora leaves the station without me today, there will still be another time to get in.

I'm in no hurry.

I'd like to see a decline into the end of this week, then buy prior to earnings.

My Fibonacci projections have 9-24 as a key date.

[oldno7]

I did buy the mutual fund--VGPMX yesterday.

[oldno7]

I did buy the mutual fund--VGPMX yesterday.

This is up close to 3% in 2 days, hopefully precious metals still climb.

Lithium is also growing at a steady pace.

Yesterday I got back in pot stocks.

[oldno7]

And today, back out of pot stocks.

My Aurora trade +12.44%

Canopy + 6.18%

I still own smaller pot stocks.

I still think a big jump is coming, if my fibo #'s work, we should have 2 down days, then to the moon.

If I'm wrong, there will always be another trade.

I detest giving back hard earned $$, which is why I often make a good trade and miss a great trade.

My precious metals mutual fund won't reconcile until after 4:00 today but it should be up quite well again.

[oldno7]

Ohh--and the DOW set a new all time high, it was lagging the Nasdaq and S&P

[oldno7]

in 3 days, the mutual fund I bought is up 4.23%(VGPMX)

[Iceaxe]

I'm thinking Tesla is about to follow Tucker and Delorean into the dumpster of car companies that were great ideas that just didn't pan out. FWIW - Tesla stock is down 44% from it's summer high and the company is burning through cash.

Tesla faces a reckoning with CEO Elon Musk's job in jeopardy
http://www.ksl.com/index.php?sid=46397851&nid=151

[oldno7]

I know not many follow this so I don't update frequently.

Last week I bought into another Canadian pot stock that I feel is just getting started---ALEAF

This morning I'm completely out of Aurora.

The Canopy and Aurora stocks had a very nice run and should continue up but at a more moderate pace, I think the big money has been made(until coke or some other put big money into Aurora and they will)

I looked for more undervalued pot stocks and besides ALEAF, bought CHOOF, Auxly Cannabis.

Also meddled(lol) into precious metals and am waiting for one more push down to buy in, earnestly.

[accadacca]

Dow falls 832 points in third-worst day by points ever

[Iceaxe]

Meh... we had two bigger corrections in February. Watch for the market to bottom out and buy.

:popcorn:

[rockgremlin]

Meh... we had two bigger corrections in February. Watch for the market to bottom out and buy.

:popcorn:


Yup....the corrections back in February were 'Yuge'. By May the Dow had started to climb again.

Good time to consider buying opportunities.

[Iceaxe]

The market was about 18,000 when Trump took office, it's over 25,000 now. You can currently get 3% guaranteed on some savings accounts so many are pulling the money they made over the past two years and parking it in a safe place until after the mid term elections.

If the GOP keeps both houses the market will make another big run, if Democrats take both houses the market will drop, if we have a mixed bag the market will slowly rise.

You're welcome

[emoji631]

[rockgremlin]

The market was about 18,000 when Trump took office, it's over 25,000 now. You can currently get 3% guaranteed on some savings accounts so many are pulling the money they made over the past two years and parking it in a safe place until after the mid term elections.

If the GOP keeps both houses the market will make another big run, if Democrats take both houses the market will drop, if we have a mixed bag the market will slowly rise.

You're welcome

[emoji631]


Interesting how the market is so intimately tied to whoever happens to be in power at the time...

[Iceaxe]

Interesting how the market is so intimately tied to whoever happens to be in power at the time...

It's not a real mystery.... It has to do with taxes, how businesses will be taxed, and how profits will be taxed.

As a general rule Democrats believe in redistribution of wealth through taxation, while Republicans believe in trickle down. That's painting the picture with a broad brush, but will help some understand why the market is so closely tied to who is in power.

[emoji631]

[oldno7]

You looking to buy precious metals as a safe haven or what? You strike me as a guy who likes to keep his money moving. Typically folks invest in precious metals if they suspect the economy might take a downturn. Buy gold and ride out the storm. As I understand it, it's more a strategy to hold on to your money instead of generating income. All of that said, what's your motivation to jump into metals?


Hmm--HUI up over
7% today
This is why I bought precious metals(wish I'd bought more)

[Iceaxe]

Even with the recent large correction in the stock market and with the large correction in February the DJIA is still up 9.53% for the past year (365 days). Just thought I'd point out that small fact as that's a great return. At that rate you can double your money every seven years.

[emoji631]

[oldno7]

Nike closed on an all time high... that’s weird.

Nike is down $11 +/- from those highs....that's weird.

[oldno7]

I know not many follow this so I don't update frequently.

Last week I bought into another Canadian pot stock that I feel is just getting started---ALEAF

This morning I'm completely out of Aurora.

The Canopy and Aurora stocks had a very nice run and should continue up but at a more moderate pace, I think the big money has been made(until coke or some other put big money into Aurora and they will)

I looked for more undervalued pot stocks and besides ALEAF, bought CHOOF, Auxly Cannabis.

Also meddled(lol) into precious metals and am waiting for one more push down to buy in, earnestly.

Auxly up 18% today, thus far

[Iceaxe]

The math just doesn't work....

So Netflix has not turned a profit in over 5 years and will burn through another $3 billion this year, yet folks keep buying the stock.... that's just crazy to me...

Netflix to borrow another $2B to pay its programming bills
http://www.ksl.com/index.php?sid=46411868&nid=151

Climb-Utah.com

[rockgremlin]

So Netflix has not turned a profit in over 5 years and will burn through another $3 billion this year, Netflix to borrow another $2B to pay its programming bills http://www.ksl.com/index.php?sid=46411868&nid=151

Climb-Utah.com


Well, guess that means there won't be another season of Anne With an E.

Sad...