two weeks out?

Lots of red, and lots of opportunities out there today

UpstateAg said:

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two weeks out?

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Yup

Why not? I'll play a little.

OA1, what are you doing with you BAC 2/22 calls? Buying down?

oldarmy1 said:

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BAC losing $28. Come on down!

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Do you still have calls on it?

I'm eyeing that $10.25 range for SONO and $15.25 range for SUM

tramaro1 said:

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OA1, what are you doing with you BAC 2/22 calls? Buying down?

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Holy heck no! Be gone.

gougler08 said:

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I'm eyeing that $10.25 range for SONO and $15.25 range for SUM

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Changing TWTR to $29 from $30.

This is day one of a pullback. Unless people think this is a shake and not a pullback that could turn into a deeper correction then pretty much forget about buying today. If a stock comes down into a range you targeted then I would prefer to use the cheap Friday options. Investing $20 for a 100 shares limits a loss to $20 if no recovery. Use options that you can convert to holds should this be a flash down reversal (which would be surprising).

I'm not buying call options - I entered puts.

Add MCHP to the Put list. $82 or even $80

On the positive note, damn CMG has had a run over the past month

StockTwits has been having a field day with MNGA lately, it's good entertainment

Ready for a CRON dip. Let's goooooo

UpstateAg said:

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Ready for a CRON dip. Let's goooooo

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puts?

Yeah. Bought two weeks out, $18 at $.65.

oldarmy1 said:

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tramaro1 said:

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OA1, what are you doing with you BAC 2/22 calls? Buying down?

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Holy heck no! Be gone.

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Damn it, lol!

CRON double top for the day?

They're going for the triple

There's a rumor out there that CRON might get acquired by CGC. Just a rumor.

Interesting. That would put Altria and Cron under CGC.

UpstateAg said:

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Interesting. That would put Altria and Cron under CGC.

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From the article:

Quote:

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9. Canopy Growth should buy Cronos

Leading marijuana stocks Canopy Growth Corp. (WEED.T) and Cronos Group Inc. (CRON.T) are ramping up again; CGC is up almost 90% since its October lows and CRON is up more than 250% in the same period. And given legalization of recreational pot in Canada, where both firms are located, and the very clear trend toward legalization of marijuana in the U.S., it seems like the optimism is justified.

One path forward would be for both companies to continue to grow independently. But joining forces could help consolidate power in the field to create a clear front-runner. And with deep-pocketed legacy companies already involved, including Constellation Brands (STZ) plowing $4 billion into Canopy and Altria (PM) making a $1.8 billion investment in Cronos at the end of last year, let's not pretend these are independent upstarts anymore. Corporate America already has its fingers in the field, and now may be the time to make a deal before valuations get out of hand.

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ETA:

CRON is up after being cut to hold from buy this morning on a negative day too. That's why I'm not buying puts.

Nice. Thanks. I still hope it reverses the next few days so I can turn that into some net free holds.

CRON with some decent volume at the close.

My dumbass bought ACB instead of CRON a while back

See if any continuation tomorrow. I think we would all agree today wasn't similar to how major selloffs begin. They don't find range rebounds. they just drop a long red candle on day 1 like the yellow boxed area to the left. This one felt, and looks, more like the consolidation yellow box on the right. Sideways action occurred for 5-6 days.

For me this is no mans land so I stand pat and watch, save a few Puts entered just in case.

Very strange day for Turtle Beach. (HEAR) come out with $1.30 EPS on expectations of $.98 for Q4 and just shy of $3 EPS for the year. Has a $16 per share price, lots of people going long and the price fell. Very strange

wooooof MNGA AH - how low can it go

TheBiggerEvent said:

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wooooof MNGA AH - how low can it go

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Mother ****ers!!
https://globenewswire.com/news-release/2019/02/07/1713759/0/en/Taronis-Technologies-Announces-Proposed-Public-Offering-of-Common-Stock-Pre-Funded-Warrants-and-Warrants.html

Can they do another reverse split?

Just kidding guys, don't slay me.

I wonder what the people that just floated them the 3.5MM on $.14/share think right about now...

IrishTxAggie said:

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I wonder what the people that just floated them the 3.5MM on $.14/share think right about now...

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That's the million dollar question because this situation is entering "class action lawsuit" territory now. However, only the attorney's make money on CALs.

IrishTxAggie said:

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I wonder what the people that just floated them the 3.5MM on $.14/share think right about now...

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I imagine that call was being made well before mine.