Billy Baroo said:

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I'm at the point where I almost wish Cathie would stop buying PLTR, just to get the target off it's back.

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Aggiesincebirth said:

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Can someone decipher the WWR earnings report? Trying to figure out the takeaways from this.

It looks like a lot of cash is a plus. Wondering if they will have to issue more shares diluting us. I skimmed the report last night but was looking for the key takeaways

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Rice and Fries said:

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Bought some more ARKK here.

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AG 2000' said:

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Rice and Fries said:

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Bought some more ARKK here.

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What's your thought process?

The hedgies and shorts are gunning for it continually, and any stock that's part of the portfolio.

They seem like they are on a mission to take it back to pre-covid price (down in the 50s).

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Prognightmare said:

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But you make British women swoon when you say "tea and crumpets" and "yes ma'am" with a Texas drawl.

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Prognightmare said:

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AG 2000' said:

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Rice and Fries said:

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Bought some more ARKK here.

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What's your thought process?

The hedgies and shorts are gunning for it continually, and any stock that's part of the portfolio.

They seem like they are on a mission to take it back to pre-covid price (down in the 50s).

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JMO but Wall Street is filled with alpha males with inflated egos and don't like all the attention and fawning that she's been getting lately. They're trying to take her down a few notches.

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RenoAg said:

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gougler08 said:

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ag94whoop said:

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gougler08 said:

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ag94whoop said:

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Blows me away how fast gains erode in today's market. $3000 up in a $110k Acct and in 20 minutes it's all red again.
None of plays ever get enough momentum to sell calls on them nor do they grow high enough to sell without 40-50% losses. Just as they look like they might start rebounding they fall right back down and the yo-yo continues

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Something I have to tell myself to stay focused is that if this account has long term holds, being down a bunch is only a loss if you sell. I assume you bought these companies as you thought they were strong in the future and/or on advice from this thread, so you have to move past them and either accumulate more at the low levels or ride it out for the rotation back in to these sector(s)

It does hurt me a lot to see MARA, MGNI, etc. be down so big but I managed them well at the beginning and got net free, so now it's time to hold and watch them bounce back up (hopefully)

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That's good advice. Here's the crux. While I started the year lucky, I went on a week long window of horrible decisions, and didn't trade options at the time to help myself. Finally after stuff had fallen a ton already I tried starting options but it's only helped a limited amount because values have just fallen mostly.

Now I own
4500 shares of WWR at $7.82 avg cost
1300 shares of TLRY at $27.80 avg cost
9000 shares of SNDL at $1.52 avg cost
2200 shares of CLOV at $13.75 avg cost
Plus RIOT, FUBO and KIQ
This "play" Portfolio went from $145k to $172k to now $105k since January

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I just loaded more KIQ and I think FUBO has enough juice in options that you could lower your cost base there on rips/dips

WWR was a mass accumulation play of OA so it's probably a wait for the rest of the year until it comes back up

The pot stocks are tough...not sure what to do there

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Can't speak to the other positions but I'll speak to SNDL as I own some. There is ample opportunity to grind down your avg cost over time. There are weekly options on this. I've been able to grind mine down from 1.03/share to .90/share over roughly the last couple months and I'm not very good at this like some others are. It takes time and patience. But I choose to not just sit and do nothing. I can hope all I want for a rocketship to a higher price. But I'm going to continue to grind away at my cost while I wait. I know you've got much farther to go than I do. But I'd encourage you to at least start chipping away at it if you haven't already.

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valverde03 said:

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They have no debt any their cash exceeds current market cap. Just stupid that it is priced this low.

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59 South said:

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AG 2000' said:

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Rice and Fries said:

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Bought some more ARKK here.

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What's your thought process?

The hedgies and shorts are gunning for it continually, and any stock that's part of the portfolio.

They seem like they are on a mission to take it back to pre-covid price (down in the 50s).

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"They" will stop the mission once retail jumps on the train which is starting to happen already.

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McInnis 03 said:

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These TICK swings are way too robotic for me. I think someone is playing with their computer......they shut it down for lunch, and now they're back.

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$30,000 Millionaire said:

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Here are the most recent times we've touched -2 ATR on the daily SPX and what has happened:

• May 12, 2021: TBD, time will tell
• March 4, 2021: 100 point rally the next day and 250 points over the next 2 weeks
• Jan 31, 2021: 100 point rally intraday, 300 points over the next 2 weeks
• October 30, 2020: 400 points over the next 11 trading days
• September 24, 2020: 450 points over the next 3 trading weeks

Could we go to -3 ATR right away, yes! Is it high probability to short here for huge return, no. Will we revert to the mean, yes!

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