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22,029,650 Views | 224265 Replies | Last: 1 hr ago by ProgN
Aggie1391
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Has a limit set at $2, never filled.
McInnis 03
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AG
Aggie1391 said:

Has a limit set at $2, never filled.
Think outside the even numbers. Make the $2.00's $2.03 or $1.98, make the $3.75's $3.73 or $3.78.

Think outside the norms and don't let an opportunity be missed because of 0's and 5's.
gougler08
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AG
McInnis 03 said:

oldarmy1 said:

ROKU hit at $92.50 if you think its not real you can short it here
got in at 2.04 out at 3.40, not a bad few minutes.
Same for me, I'll take a 30 min trade
Exsurge Domine
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oldarmy1 said:

ADBE moved up $4.25 from post and is right at breakout point. This also tells you the broader markets will fight here. Note S&P came back a little. This is the last line before Model T completes.


Is the model-t something new? Or is it just a retracement to the 50 Fibonacci resistance?
Aggie1391
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McInnis 03 said:

Aggie1391 said:

Has a limit set at $2, never filled.
Think outside the even numbers. Make the $2.00's $2.03 or $1.98, make the $3.75's $3.73 or $3.78.

Think outside the norms and don't let an opportunity be missed because of 0's and 5's.
Thanks for the advice
Aggietaco
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AG
Everything is so green today, I'm giddy.
BB675
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AG
Same. I am looking for a play. Looks like I missed the boat with ROKU and STMP.
azul_rain
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ive given up on trying to predict the markets
Brewmaster
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AG
hair cut of the day goes to...

AMRN holy carp! a judge ruled in favor of the generic drug.

model T anyone? not sure if I want to play this one or not. It was 2$ and change a couple years ago, could drop more

McInnis 03
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BREwmaster said:

hair cut of the day goes to...

AMRN holy carp! a judge ruled in favor of the generic drug.

model T anyone? not sure if I want to play this one or not. It was 2$ and change a couple years ago, could drop more


Classic freaking Pharma. FDA denial and BOOM, worthless. I lived this with POZN. Never again.
Brewmaster
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AG
hedge_zer0 said:

ive given up on trying to predict the markets
don't predict, just follow the money and the trends.
IrishTxAggie
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AG
McInnis 03 said:

BREwmaster said:

hair cut of the day goes to...

AMRN holy carp! a judge ruled in favor of the generic drug.

model T anyone? not sure if I want to play this one or not. It was 2$ and change a couple years ago, could drop more


Classic freaking Pharma. FDA denial and BOOM, worthless. I lived this with POZN. Never again.
This wasn't an FDA denial. This was a judge going against their patent claim
azul_rain
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im usually late by that time
McInnis 03
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IrishTxAggie said:

McInnis 03 said:

BREwmaster said:

hair cut of the day goes to...

AMRN holy carp! a judge ruled in favor of the generic drug.

model T anyone? not sure if I want to play this one or not. It was 2$ and change a couple years ago, could drop more


Classic freaking Pharma. FDA denial and BOOM, worthless. I lived this with POZN. Never again.
This wasn't an FDA denial. This was a judge going against their patent claim
My bad! I saw the benzinga headline

Amarin shares are trading lower after the company announced the FDA did not approve the abbreviated new drug applications for the company's VASCEPA capsule.

But yeah, I see all the judgement stuff below that now.

IrishTxAggie
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Amarin Shares Drop 67% As Court Invalidates Its Heart Drug Patent For Vascepa

Quote:

he shares of Amarin Corporation plc (NASDAQ: AMRN) tanked in the after-hours session on Monday as the court ruled against its patent for heart treatment drug Vascepa.
What Happened

The United States District Court for the District of Nevada in Las Vegas ruled that six patents on Vascepa, which were all set to expire in 2030, are invalid, as earlier reported by Bloomberg.

This means that generic drug companies like Dr. Reddy's Laboratories Ltd. (NYSE: RDY) and Hikma Pharmaceuticals plc (OTC: HKMPY) can create generic versions of the drug used to lower triglycerides levels.
gougler08
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CX finally waking up?
ProgN
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gougler08 said:

CX finally waking up?


This is why probably
McInnis 03
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AG
gougler08 said:

CX finally waking up?
I only need it to hit close to $4 before Apr17.
jj9000
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AG
2630
Aggies1322
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AG
Does anyone like USFD?
lawless89
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Any thoughts on NIO? I'm in at 4.90 and considering cutting my losses and moving that money to something else. Their financial woes before this collapse compounded by what's going on now scare me with them.

Plus, screw china.
gougler08
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AG
jj9000 said:

2630
Its basically the 38% retrace line...makes sense that it would be resistance
La Bamba
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AG
38.2% is 264 for the SPY. We have not reached that just yet.
$30,000 Millionaire
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i've been watching more closely lately and have traditionally chalked up technical trading as a distant second to fundamentals and more of an art of explaining what already happened in hindsight. What I'm learning is that it is somehow a mathematical model of market emotion and there is some utility in it. It's been interesting to watch the market stick at the SPX ~2630 line for a bit.
La Bamba
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AG
$30,000 Millionaire said:

i've been watching more closely lately and have traditionally chalked up technical trading as a distant second to fundamentals and more of an art of explaining what already happened in hindsight. What I'm learning is that it is somehow a mathematical model of market emotion and there is some utility in it. It's been interesting to watch the market stick at the SPX ~2630 line for a bit.
Technicals is a bit of a self-fulfilling prophecy. People follow it, and do the same thing, therefore making it true.
Exsurge Domine
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It's a self fulfilling prophecy. People make moves around the Fibonacci levels so move happens around the Fibonacci levels.
aggiedaniel06
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AG
I've said multiple times how important ES 2630 is.

It was crucial 200 WMA support on the way down and it is 38.2 fib resistance on the way up. Whichever way it breaks, its going to move violently.
Alta
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I just don't see us moving violently up in the near future unless there is a catalyst from a news standpoint. I see April and probably May to be about the same as where we are now (unknown as to when this all will end).
thirdcoast
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AG
So we broke 2640 twice today. What is considered breaking 2630? Is that closing above it, or a certain % above it?

Thanks
La Bamba
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AG
The chart is trending well right now. It's testing that level and setting higher lows on the pullbacks. We shall see.
aggiedaniel06
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We've broken 2640 on the SPX. I track ES (futures) which is purer because of overnight trading.

As you may know, most of gains in the S&P500 are made in after hours sessions.
La Bamba
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Here's your good news for the breakout

https://www.cnbc.com/2020/03/31/us-health-official-fauci-sees-glimmers-that-social-distancing-is-dampening-coronavirus-outbreak.html
aggiedaniel06
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AG
When I say violently, I mean 3-4% like yesterday.

The days of limit-up/down are gone as it was caused by the massive liquidity crunch which the Fed has mitigated with its infinite printing.
OverSeas AG
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Every knee shall bow and every tongue shall confess
DON'T TREAD ON ME
Alta
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AG
Ahh sorry - new to this game.
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