$30,000 Millionaire said:

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Just finished a conf call. Wow

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BREwmaster said:

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jamey said:

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TheCellarDoor said:

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jamey said:

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techno-ag said:

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GreasenUSA said:

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META... 6 years of market cap growth, wiped out in 1 year. Fascinating. Last time it was under 114 was November, 2016.

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Sub 100 in the premarket this morning.

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Good long term hold to buy now?

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I don't know. Do you believe millions of people will stay in their homes with VR headsets on to spend time in the metaverse? He's hitched his wagon to Meta, so maybe let some price discovery happen to see how investors feel over time.

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Millions of youth have been doing that for a decade with a phone

17 yr old wants Quest 2 VR thing. Most her friends have one

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fight the latest trend. Buy her a mountain bike instead, plenty of high school and college teams out there, loads of fun. Get kids outside!

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$30,000 Millionaire said:

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Long upro. Stop 33.5

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$30,000 Millionaire said:

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Real farkery today.

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topher06 said:

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When does Exxon typically announce dividend increases? In connection with q3 earnings?

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$30,000 Millionaire said:

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I think high odds we visit 3840 again today.

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$30,000 Millionaire said:

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I think I'm gonna sit the rest of this one out. Not feeling it today.

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irish pete ag06 said:

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TREX has formed on the SPX 1 hour

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Quote:

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New recommendation: Seasonal buy signal
This is one of the most reliable and profitable seasonal trades in our arsenal. A seasonal trade is one based on the calendar, not on any price or market action.
In this system, we buy "the market" SPX at the close of trading on October 27th and sell at the close of trading on November 2nd. (There are modifications if those dates fall on weekends.)
When we first used the trade, in 1997, we back-tested it through 1978. It had worked every year in that time frame. Now its track record is no longer perfect.
In the past 36 years that the system has been active, it has made money 31 times, using SPX prices as a basis. In reality, since we buy options, a couple of those years have shown small losses due to time decay or a decrease in volatility.
However you want to slice it, this is a profitable trading system. People often try to figure out why a seasonal trade works. In this case, it originally had to do with the fact that many mutual funds close their annual books at the end of October. So, even though they might have sold earlier in the month when the market was taking its "usual" October beating, they bought at the end of the month to avoid showing too much cash on their balance sheets at their fiscal year-end.
We have mentioned before that October is the "bear killer," which means there have been some nasty declines earlier in October, but by the end of the month the market is rolling higher. That might be another factor why the system works, because anyone who sold earlier in the month might not want to show too much cash in their accounts by the end of the month.
At the close of trading on Thursday, October 27th,
Buy 2 SPY Nov (11th) at-the-money calls
and Sell 2 SPY Nov (11th) calls with a striking price 15 points higher.
Once the position is established, if the SPDR S&P 500 ETF Trust SPY, -0.21% trades at the higher strike at any time, then roll up both sides of the spread by 15 points, staying in the Nov (11th) expiration. Exit the entire position at the close of trading on Wednesday, November 2nd.

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