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.
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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.
I did buy the mutual fund--VGPMX yesterday.
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.
Ohh--and the DOW set a new all time high, it was lagging the Nasdaq and S&P
in 3 days, the mutual fund I bought is up 4.23%(VGPMX)
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
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.
Dow falls 832 points in third-worst day by points ever
Meh... we had two bigger corrections in February. Watch for the market to bottom out and buy.
:popcorn:
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]
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]
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]
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
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