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25,655,792 Views | 234851 Replies | Last: 11 hrs ago by JbKing45
Brewmaster
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AG
McInnis 03 said:

WHO: "NU is too confusing in English. What is next letter in alphabet"

everybody: THE NEXT GREEK LETTER IS XI

WHO:......

nobody: we can skip XI and go to OMICRON

WHO: "OMICRON IT IS!!"
yeah here you go... funny stuff right there:

Vade281
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AG
all the stocks are on black friday sale
ProgN
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I still believe the market is frothy but if anyone is looking for a trade then think about this over the weekend. If we open down pretty big on Monday, then buy large cap names into that weakness. The likelihood of a Santa Claus rally is very much in play. Small cap stocks, like WWR, probably is not a bit and will probably go down. I'm not slamming the company , but people will book the loss to offset gains and rebuy it after 30 days. Money will flow into the large caps though. JMO, have a great weekend, go Ags!
lobwedgephil
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Been looking, just don't see it.
khkman22
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AG
CrazyRichAggie said:

Enjoy the day. Teaching the kids the game of life

The Ukraine is weak!
HoustonAg2014
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Irish 2.0 said:

Cowboy Curtis said:

$SNDL
It is a POS. They're going to have to do a reverse split. It hasn't closed at $1 since 6/24. They're on borrowed time. Plan accordingly


So what happens when they get delisted? I mean you can still own them. So if they don't end up within compliance wouldn't you just own them with them not being part of nasdaq?
$30,000 Millionaire
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Don't forget that today was low volume
Irish 2.0
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Pretty sure the survival rate of delisted stocks is like 1%
$30,000 Millionaire
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Guys - don't get despondent. A pull back is needed for higher. This could be the end of the bull run, but I don't think so.

World economy is in good shape. There will be inflation but less than feared most likely.

We have seen today that the severity of Omicron is not greater than Alpha / Delta and that vaccines are proving to avoid severe Illness. Doesn't sound like the world should be stopped.

Let's see where we are next week. 4600 more likely than 4400.
HoustonAg2014
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Irish 2.0 said:

Pretty sure the survival rate of delisted stocks is like 1%


The reason I ask is because I have been invested in several stocks that lasted a long time before they ever even got listed on the exchanges.

Would a company really be buying back stock with 10-15% of their cash if they planned to need it because they may go out of business? Seems very odd to me. Not saying you are wrong but that seems strange no?
agdaddy04
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Irish 2.0 said:

Cowboy Curtis said:

$SNDL
It is a POS. They're going to have to do a reverse split. It hasn't closed at $1 since 6/24. They're on borrowed time. Plan accordingly

Wish I'd just stayed away. Made a little on the first run up then stayed away for awhile. Got back in when it was heating up on this thread again.
cageybee77
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hmmm.... Looking at larger cap stocks. One I found that seems really strong is MGA. I read that they are a contractor for FSR. Not sure about timing.....it's down pretty far off it's recent high.
$30,000 Millionaire
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Has anyone come up with good flow alerts on unusual whales that they've been successful with?
Spoony Love
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AG
Following.
austinAG90
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AG
Monday is going to be bad…..Hope you all had a great Holiday Weekend……
FJ43
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austinAG90 said:

Monday is going to be bad…..Hope you all had a great Holiday Weekend……

Will it be worse than losing to LSU in the last 45 seconds? Asking for a friend.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

Bob Knights Paper Hands
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FJ43 said:

austinAG90 said:

Monday is going to be bad…..Hope you all had a great Holiday Weekend……

Will it be worse than losing to LSU in the last 45 seconds? Asking for a friend.

All but one stock could be cut in 1/100th and ASAN rocket up to become the largest market cap in the world and it wouldn't be worse than the last few series of that game.
BaylorSpineGuy
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O pray, do tell. Where r ur puts going? I held my DIS puts from Friday but sold my MRNA call after 160% gain.

Charismatic Megafauna
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Bicycle chart was just one week late. Spy 55 day ema appears to be right at 455, I'll go in big if we can tag it
Everybody loves a dirt road
$30,000 Millionaire
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Sometimes crypto can offer clues. It is holding its support for now. Realistically, we aren't going to get big Omicron updates for a bit.

Saudi stock market had a terrible day, but I bet crude prices have something to do with that. Israel gapped way down and then rallied. Still underwater, but they are one of the most reactive countries to Covid.

If Omicron is a thing, the fed will save us.

Here's some of the news trickling out:

Pfizer / Moderna are already working on an Omicron tweak and estimate 100 days to distribution. That's incredibly fast. Markets hate uncertainty and they really hate impending doom. Showing a light at the end of the tunnel in the worst case will be positive. It's concerning that there are breakthrough infections but it sounds like it's largely asymptomatic in the vaccinated population.

Varying reports / evidence trickling out that this isn't Ebola. My take is the world under reacted to Delta, which ended up being very serious and is now likely over reacting to Omicron. Hopefully some more positive news.

I think there is recognition that closing borders is populist so that politicians can "do something", but this thing is already in the wild. Some of these epidemiologists want to extend their 15 minutes and something I've learned is that even the most credible of these people can be doomers. You have to view them as permabears. Their suggestions are so extreme relative to risk that the general public won't follow it. Now, if Omicron does end up being bad and high risk, the public will react accordingly. The public in South Africa isn't losing their minds.

We are going to have to wait for more info. With each passing day, there will be a realization that the sky isn't falling.
BaylorSpineGuy
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You are fundamentally right. The world is learning to deal with this thing, but these transient lapses in good judgment offer real opportunity to make high percentage gains on same day trades (namely options).

The headlines on Drudge right now include Fauci discussing about possibly locking down, Israel locking down, etc.). I don't suspect these will be long-term political positions, but we should make lemonade from these lemons.

AustinAg saying tomorrow is gonna be bad. It's likely gonna be bad. We don't know his employer (and we are grateful for his contributions!!), but if big money is concerned about blood in the streets, then we should be ready to feast. Even if it's only for a day or two. My biggest trick is to figure out how to do it lol. I've got 3 cases starting at 730 am tomorrow, so timing options may prove impossible for me tomorrow :-(.

What is the current ATR of the SPY, 30K? Does it tend to swing all the way from +3 to -3 or does it usually live closer to 0?
Irish 2.0
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International markets will tell the story. I could just as easily see a relief bounce tomorrow as more information disseminates saying the vaccine is still effective against worse symptoms, but is easier to transmit. Rinse and repeat of Delta. If the market opens flat, it's any ones guess. If we gap up, could reclaim or could get a rejection and move lower. Gap down and value will likely be to the upside in intraday, but wait for the first 60min candle to put in its spots
ProgN
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https://texags.com/forums/16/topics/3253553

Y'all checkout this Tesla.
BaylorSpineGuy
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Was eyeing some TSLA puts anyway. Hmmm….
Brewmaster
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the media is full of lies. They are pumping fear to sell more jabs. They will vax and triple and quad vax any that will listen or at least until people die from adverse reactions (already happening, and look at all the soccer players with heart problems now).

Japan and india basically said buh bye to covid via ivermectin, but funny how that gets no mention here in the states.

great point on crypto, BTC basically just floundering around 54k and has been. futures will be interesting.
Charismatic Megafauna
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No way that car was on autopilot. It was going like twice as fast as the flow of traffic, that was someone playing around
Everybody loves a dirt road
$30,000 Millionaire
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couple quick things:

I expect the market will go down more this week, either tomorrow or Tuesday below Friday's lows. It could happen overnight one night, maybe even tonight. I was looking at drudge per our Baylor friend's suggestion and the headline is "Omicron panic". I can't help but just not take it seriously when I see that type of headline.

Note: You have to pay attention to the macro environment, so don't blindly buy this stuff if we're up 0.5% and showing signs of toping. If we're down 5%, buy. If you do buy, set quality stops and buy relative strength.

  • $GUSH was absolutely brutalized, but reacted correctly off the 100 SMA. I'll be watching this.
  • $SE was up, a lot, on a bad day, but $SHOP and $AMZN were not.... I think this is quality risk to reward here. I don't love how the options are priced, but the 12/17 290/285 put credit spread is decently priced. I'm loathe to recommend it, but I think OTM calls may be the way. the 310/330 has good R/R. 300/320 will be $8. 320C is cheaper and if you get the upward move you could just flip out of them with a tight stop
  • $BUD I like how they closed on Friday. Not sexy, but 58/56 put credit spread or 58 ATM buy-writes could be good.
  • $DOCU is kind of weird looking to me. They are a quality company with a quality product. I don't see a setup, but I wouldn't be afraid to buy shares on a pull back
  • $SPOT has good R/R here. 250/260 looks good on call debit as does 250/245 or 250/240 on put debit side. at the money buy write also good
  • $RNG has been punished. It is sort of like a $ZM competitor but not really. In my opinion (and I know a lot about this stuff.....), they have the best product in the OTT unified communications space. 220/210 put credit spread looks good on this
  • $TDOC I like for shares long.
  • $SMAR - these guys have an excellent product. Give it a try. Legit competitor to Power BI. 12/17 60/70 CDS is good R/R. 60/65 is an arbitrade situation. All you need is for the stock to not go below @62.
  • $FSLY - cyber security ain't going away.....
  • $EAT I think is done selling off

ProgN
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ibdm98
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ProgN said:


BaylorSpineGuy
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Always appreciate your insight. Drudge definitely sensationalizes. He's probably the best in the world and that site gets over 1 billion hits a month. Top 5 non-porn site on the internet.

Interestingly, though…..it's not his articles. He just links other articles. The "Omicron Panic" article comes from the AP. He just tweaked the headline for some clickbait no doubt lol.

I have been generally bearish for last 3-4 months and starting to become more bullish over last 2-3 weeks, but this little Omicron thing has me taking a quick pause before making any strategic moves. Just playing market sentiment for the moment.
Irish 2.0
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Matt Drudge no longer controls the Drudge Report content. Worse kept secret is he sold in 2017
$30,000 Millionaire
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AG
What do your doctor friends think?
BaylorSpineGuy
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Yeah….that was heavily rumored during the 2020 campaign. For a good year or two the content actually seemed to have a liberal spin, but I've noticed over the past year or so that it has swung right again.

After probably being the main drive to Trump's rise in 2015-16, the website was void of positive Trump content in 2020 campaign.

Seems it's back to a more conservative lean again.
BaylorSpineGuy
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In regards to what? The general market?

The big investors at my hospital that I talk to the most are buy-and-never-sell types. They don't seem to bat an eye at downturns. One guy looks at the TA side more and he just plays the swings. He buys/sells QQQ and trades ES futures.

Our biggest whale has boatloads of shares of TSLA and moved his entire 401K about 2-3 yrs ago to AMZN.

Dude worth about $10M at least. Quiet, unassuming guy. Stock monster. He will never sell anything. Chinese guy. Hates Chinese stocks. "Only buy American. Only but top 10 QQQ." That's why he's rich. Owns a bunch of TSM too.
Bonfire1996
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All the data from Africa shows that Omicron is less severe than Delta.

Buy to MF dip
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