mrad85 said:

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TRNX is it worth buying down?

Somebody talk me down off the ledge

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Prognightmare said:

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WLL and LPSN report earnings after the close today. Their charts look good but I'm gun shy. Please tell me I shouldn't gamble with them.

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diablo loco said:

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ENPH you SOB you. We got a runner. Steak and whiskey tonight.

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IrishTxAggie said:

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diablo loco said:

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ENPH you SOB you. We got a runner. Steak and whiskey tonight.

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Not to be a Debbie downer on you, but I just bought some 8/16 $25 puts on this after you said this. Just a few though.

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IrishTxAggie said:

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WTF MSFT...

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BenRev09 said:

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IrishTxAggie said:

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WTF MSFT...

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Gotta be profit-taking/side-lining ahead of Fed, right?

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IrishTxAggie said:

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BenRev09 said:

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IrishTxAggie said:

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WTF MSFT...

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Gotta be profit-taking/side-lining ahead of Fed, right?

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I guess. O&G is pricing in the rate cut right now. Every O&G stock on my watchlist is up

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Quote:

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Oil prices rose for a fifth day on Wednesday, supported by a drop in U.S. inventories and investor expectations that the U.S. Federal Reserve will lower borrowing costs for the first time since the financial crisis more than a decade ago.

Brent crude futures, the international benchmark for oil prices, were up 60 cents at $65.31 a barrel.

U.S. West Texas Intermediate crude gained 68 cents to $58.73 a barrel.

For the month, however, both contracts were set to decline due to worries about oil demand, with Brent down 2.1% and WTI 0.03% lower.

Central bankers in the United States began their two-day meeting on Tuesday and were expected to reduce interest rates, with President Donald Trump having reiterated his call for the Fed to make a large cut.

"The move has long been anticipated and represents a double boon for oil prices on one hand it should encourage U.S. oil demand and on the other it will apply downward pressure on the dollar," PVM Oil Associates analyst Stephen Brennock said.

Crude inventories fell by 8.5 million barrels from the previous week, according to the Energy Information Administration.

"The outlook for another draw in U.S. crude inventories and renewed outages in Libya are supporting oil prices," UBS oil analyst Giovanni Staunovo said.

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BenRev09 said:

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IrishTxAggie said:

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WTF MSFT...

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Gotta be profit-taking/side-lining ahead of Fed, right?

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Prognightmare said:

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He's BACK!

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Quote:

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The global impact of a massive outbreak of African swine fever (ASF) in China has only just begun, according to a July report out of Rabobank in The Netherlands.

The Dutch bank estimates that China has lost about 40% of its pig herd to the disease since July 2018, with losses expected to reach 50% by the end of 2019. Some parts of China, according to Rabobank, have seen losses within range of 60% since the outbreak began.

Although some Chinese farms have already attempted to restock, these efforts have not been successful. The report anticipates that it will take at least five years for Chinese pork production to recover from the outbreak. The lack of disease prevention, as well as other challenges such as a lack of suitable land and high development costs, could further slow recovery, according to the report.
Despite decreased demand, animal feed prices are up about 10% across most producing regions, Rabobank said.

Prices for live hogs in China have increased 40% since this time last year, and Chinese pork imports are up 41%, with imports increasing from every pork-producing region except the U.S. Steep tariffs on U.S. goods, according to Rabobank, have eroded the competitiveness of U.S. pork. The bank's analysts expressed hope that rising demand would prompt China to lift at least some tariffs from U.S. products.

US sees growth in pork production
Despite these trends, the U.S. is the only pork-producing region to see growth in production in recent months. U.S. pork production is expected to increase nearly 6% by the end of the year, despite a looming labor shortage and the loss of market share to Europe and Canada.
Outside of the U.S., Rabobank reports that pork producers are wary of expansion, potentially leading to even tighter supplies and higher prices come 2020.

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topher06 said:

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How does one invest in pork as a non futures trader?

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YNWA_AG said:

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Curious to know OA's thoughts on IWM. Looks like it Is trying to break 160 again. 72,000 open interest on 165 8/16s

Rate cuts usually bode well for small caps compared to large caps as well

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Prognightmare said:

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AMD cut to hold from buy.

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Colt98 said:

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Any reason to look at spy put hedge before fed talks at 1?

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