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25,679,435 Views | 234876 Replies | Last: 7 hrs ago by El Chupacabra
Dan Scott
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US to sanction Putin. What does that mean?
Charismatic Megafauna
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Thanks!
Ooh this is a lot more fun than scrambling to close expiring spy calls!
Brewmaster
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Dan Scott said:

US to sanction Putin. What does that mean?
means Joe won't share his ice cream, lol
SF2004
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Ramming Speed!!!!!
LMCane
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Jet Black said:

I know a few people that are selling their houses even though they don't really want too. The money is to good to pass up.
I got a few cold calls from realtors wanting to buy my house

without me listing it.

but I don't understand why anyone would believe "it's too good to pass up now"..

when has real estate gone down in major markets other than in 2009
ProgN
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SF2004 said:

Ramming Speed!!!!!
$30,000 Millionaire
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$30,000 Millionaire said:

50K account - last trade: XSP 437C. Got at 1.16. Accepting full risk.
$30. Not awful.
You don’t trade for money, you trade for freedom.
Charismatic Megafauna
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Picked up one of these for .8 so almost a double for me! Curious to watch how it settles, and if it burns a day trade
Saltyag15
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Rally ass really is something special
gougler08
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Man what a turnaround this week
$30,000 Millionaire
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it does not burn a day trade.
You don’t trade for money, you trade for freedom.
Charismatic Megafauna
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Welcome to my new addiction!
$30,000 Millionaire
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Charismatic Megafauna said:

Welcome to my new addiction!
you have to be careful with stop losses on it.

It's great for call verticals and put credit spreads.

You can do a 437/438 for example and they're not expensive
You don’t trade for money, you trade for freedom.
wanderer
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This reply is probably better fit for Prog's gif post
ProgN
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wanderer said:

This reply is probably better fit for Prog's gif post
She's mesmerizing
wanderer
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This may be pure coincidence but SPY bounced right off the trendline I've had drawn in for the past few years (apparently yahoo saves trendlines you draw in. I don't use yahoo charts all that often but was looking at spy today.)

ProgN
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I doubt anything comes of this, but if it did, this market could really jump with a relief rally.
FTAG 2000
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BaylorSpineGuy said:

One of the local surgeons I know (orthopedic spine surgeon) is a really wealthy guy originally from west Texas. His family is wealthy from oil, so he basically practiced medicine for its enjoyment and not as a primary income source.

Anyway, he got plugged in with some BTC mining thing a few years ago and was its Angel investor. He literally became a BTC billionaire. I spoke to him a few weeks ago and he states their company mines more efficiently, etc., than RIOT and MARA. They mined something like 20-30% more BTC in 4Q than their competitors. They are set to debut on the NASDAQ this month.

He's literally retiring from medicine and I think he's moving to Puerto Rico.

If this market collapses, BTC won't be the hedge against inflation that the Winklevoss morons think it is. I can almost guarantee you those two sold their bags $30K/BTC ago.

Will see how this plays out but I sold all my crypto a month ago. Didn't get the $/coin I wanted but I wasn't about to be the last one out the door.
SpineGuy, did you ever figure out his company's name?
BaylorSpineGuy
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I posted it a few days back. CORZ is ticker. Core Scientific.

This is his comment to me:

CORZ
Long term hold for me. I think it will go up after announcement of first quarter financials depending on BTC price. I think a price $20-30 by summer depending crypto world…
slacker00
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Bearish on crypto but bullish on crypto company? How does that work?
Brewmaster
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BaylorSpineGuy said:

I posted it a few days back. CORZ is ticker. Core Scientific.

This is his comment to me:

CORZ
Long term hold for me. I think it will go up after announcement of first quarter financials depending on BTC price. I think a price $20-30 by summer depending crypto world…
I would be careful, MARA might be a better deal at these levels. but CORZ short interest is very low.
Brewmaster
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on to the next bumpy part of seasonality! next week run/ chop, end the week red (at least that would track with this chart

ProgN
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Irish 2.0 said:

Y'all keep it down today. No loud noises. I'm in cook off recovery mode. Just make the market go green today so I don't have to think too much.



Irish, I saw this and immediately thought of you brother.
BaylorSpineGuy
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I'm not touching either. Sticking to stocks.

He's holding long term but I think he's also an insider. Believe he was a major Angel investor to get that company off the ground 3-4 yrs ago.
Charismatic Megafauna
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Learned a lot this week, really appreciate it guys.
Y'all have a good weekend!
wanderer
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Did someone say graphite??

Charismatic Megafauna
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I went to a flogging Molly show at the fillmore in Denver years ago, every swinging dick there used this as their instruction manual. Never seen so many belligerent drunks under one roof
$30,000 Millionaire
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Have a good weekend gents. I'll look for some setups this weekend.
You don’t trade for money, you trade for freedom.
ProgN
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You as well! I'll wait till Sunday evening to look for setups after my son goes back to his mother's and see what transpires in Ukraine. Charts, levels, support, resistance, etc. are worthless if Putin murders 200K civilians in Kiev forcing NATO to intervene. I pray that doesn't happen.

Everyone please remember to keep Caleb, his family and doctors in your prayers because it's helping and prayer is very powerful.
Madmarttigan
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I bought SPY puts at the end today so yall are welcome in advance for large rally Monday.
Formerly tv1113
CheladaAg
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Farmer @ Johnsongrass, TX
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Quote:

when has real estate gone down in major markets other than in 2009
Well amigo, let me share this....

84/85 Richmond, TX development called Pecan Grove, outside of Houston, TX, if that's big enough for you. Brand new tract home. Picked out everything. Paid $109k. 9 months later had to sell due to job transfer. Three appraisals within 6%. Sold it to my company for $64k. Housing market was crashing - TX oil economy went to the gutter. Our model could be repeated, brand new, for $85k. My FIL at the time, said eff-it, I'll deal with this. FIL was a Real Estate Broker and Master Appraiser (a side hussle). He bought the house 3 days later from company group for $66K. Sold it 2 months later for $78k. Side Note: I learned a lot from FIL about the residential real estate market. Some of the stuff I read on the real estate board at this website makes me shake my head. Do your due diligence.

88 Lubbock, TX (the Hub City), location 88th and Slide Road, bought in 85 for $121k and sold in 88 for $92k. Realtor had an offer (the first offer) to buy at $80K after 10 months on the market. I told the mf'er realtor it was $92k or no deal and I'll rent it. I was now living in KC at the time of the sale and they thought this guy(me) is on the ropes financially with multiple mortgages. Ha!

I have more, but I'll rest. Real estate is not a sure thing in any market - small or large. If you choose to transfer with a company, know the company relocation plan. I've had 19 addresses in my life, so far. Two (2) of those addresses were under the roof of my father and the remaining 17 were my own, split between 7 states, and no I am not military. My history is why I believe I can add to this topic. Conversely, if you buy a house and plan to be there 50 years, even those situations can produce a money loser when the market dips and it will dip. You just aren't going to monetize your house at that point and the dip passes by you with less affect then a south wind.

Don't get me started about real estate being a sure thing and not experiencing a "down" period, or someone saying you're p-i$$ing money down a drain for renting, or you lost money because you bought in a bad location, or the greatest of them all - you're building equity! It's all smiles, BS, rainbows, and unicorns until you are the seller writing a check to pay the loss at closing.

I hope the above can help someone who is on the fence about buying a home and not feeling comfortable. If you're feeling pressured by family, friends or work colleagues to buy, don't allow that to happen. Stand your ground and make your own decision when you feel it's right. Whether you rent or own, just be proud of your home.

Have a great weekend!
Ragoo
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I lived in Pecan Grove from '85 to '88. I was 3 when we moved out of our brand new tract home!
FJ43
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Well said Farmer!
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

Saltyag15
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Thank you for this, Farmer. Great post, and a great reminder. The idea is pushed around everywhere right now. "Real estate never goes down", "real estate is a sure thing", "buy now, because it will be worth more next year"...those ideas have been true in most areas over the last decade, especially the last 5 or so years. But that isn't a guarantee, as you have pointed out.
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