Stock Markets

26,416,403 Views | 237037 Replies | Last: 4 min ago by AgEng06
oldarmy1
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AG
August 18 $11 1000 Call sweeps on PLTR. Alerts set at $8.62 and blue sky $8.85.
$30,000 Millionaire
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Really interesting week. Have a good weekend, gents.
You don’t trade for money, you trade for freedom.
FJ43
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Have a great weekend Gents. Enjoyed the day with y'all.
FTAG 2000
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AG
FJ43 said:

Have a great weekend Gents. Enjoyed the day with y'all.
AgEng06
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FTAG 2000 said:

FJ43 said:

Have a great weekend Gents. Enjoyed the day with y'all.

That FJ is a just straight shooter with upper management written all over him.
FTAG 2000
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ibdm98
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$30,000 Millionaire said:

This is how you do it!





Charismatic Megafauna
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Charismatic Megafauna said:

Got stopped out of my expiring tsla call at .99, it's 2.5 now

200c. Ouch
Guess stonks only go up again? See y'all Monday!
Ps another 10% on brds, double now
wanderer
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Thoughts?
FJ43
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Farmer…..

What's it gonna be?




PeekingDuck
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No ****ing *****
Farmer @ Johnsongrass, TX
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Dang Boss! You gotta give me some rope here....felt or straw.....color....stampede string....

Okay, here goes-

BRAND
Resistol if you have a long oval head
Stetson if you have a round head (however a round hat can be made into a long oval with tea kettle steam and a hat jack - I have to do this with my Stetson"s)

COLOR
Black - more formalish
Mist Grey - any occassion. I prefer because it goes nice with my gray thinning hair
Buck or Doe Skin or Ranch Tan - doesnt work for me
White or Ivory - doesnt work for me

QUALITY
Felt - dont go less than 100X El Presidente, 200X La Corona, 500X El Amo or 1000X Diamante - if your sons happen to have the same head size as you, we are talking legacy hats here that you can pass down. Felts, I like Profile #77 and #74 I believe.

Straw - go Stetson 5000X El Jefe (steam kettle and hat jack are needed if you need a long oval) I just like this hat, Its Profile #28 with a 4 inch brim. (Monti Cristo Weave Rating over a 660 is a real nice straw.) I think 5000X"s are 490 to 570.
But it's the top of their line.

For all my hats i want leather sweat bands and satin lining in my crown tops. I do have a couple that are open air for extremely warm days.

PROFILE
Google Stetson Hat Profiles for what you like.
Brim - I'm a 4 inch guy. 3 to 3 1/2 makes wearing in the car with headrests easier but not my look. 4 1/2 inch brim is for young bucks and not me.

PRICE
Jacksons Western Store, Ashville, NC - great prices, long wait time is not unusual for hats and they tell you up front. I think the fellows name is Randy.
El Neuvo Rancho Grande, Salinas, CA - great prices, long wait time. My order is 4 months old now. Arnelfado is great guy.
See websites for each of these.

MISC
Get a hat can for travel
Get a hat rain cover

HATBAND
Okay. I see the Mrs is treating you. I'm a purest. The hats above I dont think I could remove the factory band. But this occasion looks special so I'd make an exception. Just dont lose the original band.

I hope this helps you in some way.

If you know ProgN. Forward your mailing address to him and I'll get from ProgN. I have a nice card you will want to insert behind the sweatband in your new hat.



FJ43
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Now that's a response! I knew you know your hats but brother that's another level.

I'm torn given the time of year. Kind of like wearing boots out of the store. Right on the line of the felt and straw season break (with exception of fine dining of course).

I lean more traditional as well and not changing the original band.

Decisions decisions.

PS- why do I feel like this is going to cost something unseen. Kinda feel like she's baiting me.
Farmer @ Johnsongrass, TX
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This year the hat marketing guru's had you in mind. First time I've read ads discussing the crossover season and telling the reader to buy a grey, or an ivory for this part of the season. Stating something akin to, its felt because it's still cool, but light in color as to not draw heat from the sun. That's a marketing push, but I dont know why they published the article. Most everyone selling hats, felt or straw, have been sold out. They're telling customers it may take a year to get what you want. Jackson"s website is very clear about this wait time.

Now, you do what you need to do, but if you explain to the Mrs that it could take up to a year to get what you want and then show her the black bolded font statement from Jacksons website - that might just get you closer to finding out what this hat is really going to cost you.

PS - I didnt get into custom hats, but if you want we can go there. I just went with easier access and known products.
oldarmy1
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AG
wanderer said:

OA, this was 10+ pts ago on QQQ. You adding to your QQQ put position? Eyeing 290Ps




Yes, I added my second layer late today at the closing Model T. First layer is down 21%, even after such a big move. Keep hedging big gains in shares of stocks held with up to 5% of profits. The Fed injected a powder keg and in an explosion things blow up first. 4130 on SPX is my number. We want to ride the blue skies created by the Fed, but keep your head up as things start coming down.

Short term watch for an RDR, especially if we see 4120+ open and it drop back to 4108. I'd expect a quick support attempt bounce below or just shy of Friday close 4109.80. You could wait for confirmation of reversal with new low beyond this or if it has no bounce I'd action fast.


$30,000 Millionaire
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Temporarily, upside could be limited.

I'm with OA on blow off top. Those gaps will fill.
You don’t trade for money, you trade for freedom.
Charismatic Megafauna
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One time at Banned Camp said:

Tomorrow is the end of the month and qtr. I suspect an up day so those that trade 0 DTE, keep that in mind.

Good call here!
BaylorSpineGuy
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A close above the 418-419 SPY level invalidates this current move as corrective in a downward pattern and would have to think more of a sustained rally.

I watched a segment with El-Erian tho from yesterday morning, and he's still quite cautious and thinks there'll be more pain. Mike Wilson from MS said same.
$30,000 Millionaire
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Don't listen to El Erian. He's fading your asses.
You don’t trade for money, you trade for freedom.
irish pete ag06
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Doesn't it feel a little strange that we've had no "limit down" event yet to kind of "end" the bear market.

We lost just under 28% on SPX from the Dec 22 highs to the October lows and VIX never got higher than 40.

I'm not trying to be perma-bear at all really. I just play my indicator flips like a robot outside of a few "feel" trades now.

And I understand limit downs are often caused by events outside the market like COVID and 9/11.

It just has never felt like a capitulation event has happened.

Or maybe market makers are able to control this stuff more with gamma and 0DTE being so prevalent.



Thinking about this is also why I'm happy to just try to trade an unemotional indicator now. Haha. Macro predictions are hard.
oldarmy1
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I'd hold that thought.
cptthunder
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For the FJ, I'm sure you need to add one more to the garage

https://bringatrailer.com/listing/1979-toyota-land-cruiser-fj43-16-2/

FJ43
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cptthunder said:

For the FJ, I'm sure you need to add one more to the garage

https://bringatrailer.com/listing/1979-toyota-land-cruiser-fj43-16-2/


Everyone should own at least one!

I am talking my son into selling me his FJ45 at the moment. May have to change my username if I get that one.
AgEng06
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AG
Lol wrong thread
reineraggie09
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Farmer @ Johnsongrass, TX said:

Dang Boss! You gotta give me some rope here....felt or straw.....color....stampede string....

Okay, here goes-

BRAND
Resistol if you have a long oval head
Stetson if you have a round head (however a round hat can be made into a long oval with tea kettle steam and a hat jack - I have to do this with my Stetson"s)

COLOR
Black - more formalish
Mist Grey - any occassion. I prefer because it goes nice with my gray thinning hair
Buck or Doe Skin or Ranch Tan - doesnt work for me
White or Ivory - doesnt work for me

QUALITY
Felt - dont go less than 100X El Presidente, 200X La Corona, 500X El Amo or 1000X Diamante - if your sons happen to have the same head size as you, we are talking legacy hats here that you can pass down. Felts, I like Profile #77 and #74 I believe.

Straw - go Stetson 5000X El Jefe (steam kettle and hat jack are needed if you need a long oval) I just like this hat, Its Profile #28 with a 4 inch brim. (Monti Cristo Weave Rating over a 660 is a real nice straw.) I think 5000X"s are 490 to 570.
But it's the top of their line.

For all my hats i want leather sweat bands and satin lining in my crown tops. I do have a couple that are open air for extremely warm days.

PROFILE
Google Stetson Hat Profiles for what you like.
Brim - I'm a 4 inch guy. 3 to 3 1/2 makes wearing in the car with headrests easier but not my look. 4 1/2 inch brim is for young bucks and not me.

PRICE
Jacksons Western Store, Ashville, NC - great prices, long wait time is not unusual for hats and they tell you up front. I think the fellows name is Randy.
El Neuvo Rancho Grande, Salinas, CA - great prices, long wait time. My order is 4 months old now. Arnelfado is great guy.
See websites for each of these.

MISC
Get a hat can for travel
Get a hat rain cover

HATBAND
Okay. I see the Mrs is treating you. I'm a purest. The hats above I dont think I could remove the factory band. But this occasion looks special so I'd make an exception. Just dont lose the original band.

I hope this helps you in some way.

If you know ProgN. Forward your mailing address to him and I'll get from ProgN. I have a nice card you will want to insert behind the sweatband in your new hat.






Best Hat in Fort Worth. Get a custom made hat for not much more than off the shelf. 50x minimum felt. Bought mine in 2006 and still looks brand new. I went Natural color. I'm getting a black felt this year as a present for 1 year in my own business. Now do boots. Anderson Bean or GTFO.
Heineken-Ashi
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No need to hold that thought. You're dead on. All the negative news in the world over the last 3 weeks, and market held support and.. rallied? Sounds like that same brand of crazy magic that makes stocks boom up on bad earnings in the most historic parabolic bull market of all time (2009-2021)).

Use your brain. Market is going up because it hasn't exhausted it's upside after a period of downside. Follow the trend and profit off it.

But this is still a high inflation economy being run by brain dead morons who have done everything in their power to neuter it, and we've still yet to even correct from the massive monetary expansion since 2020, not to mention 2008.

But even when one direction makes all the sense, you still have technical signs of overbought and oversold that the market will pivot off of until it finds its next reason to resume trend. If you haven't yet, draw your fib tool from the ATH to October low. Where are we? We could end up anywhere from 50% to even as high as 100% and still be in a bear market ultimately.

What's the end game? The FED drops rates back to historically low unsustainable levels that foster yet another period of massive monetary expansion via invisible free green paper? And your favorite stocks all the sudden trade at multiples that only exist because the value of the dollar is dropping at a faster rate? At a point where we've already devalued the dollar so much that it costs $100 to feed a family of 4 at Chili's? This is what your bull market looks like? And let me guess.. you're going to hope to slightly beat the S&P which is barely beating the devaluation of the dollar at best?

In 2005 a 2,000 SF house in a normal town in America cost you $200,000. That same house is minimum $400,000 now, and likely closer to $500,000 brand new. In the rate dropping FED rescue scenario above, that house gets to $800k within 5 years. If your salary isn't $200k, you've lost money. And even if it is, your hamburger meat is $8/lb and your milk is $12.50 for a gallon. You're losing, badly. Welcome to Venezuela.

The only hope is that the FED keeps raising no matter how many banks fail. Because we have to raise the value of the dollar back to a respectable level, which in turn will drop asset and goods valuations back to respectable levels and foster REAL growth, not Keynesian fake growth.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
ProgN
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FJ43 said:

bmoochie said:

This must mean he visited banned camp
Yup


Missed you family and thank you for posting $U for me FJ. I've previously posted that I was accumulating $U in the $29 range and I have. People have been buying the late April, mid May, $37 and $40 calls. I'm not recommending options but after you do your own DD and want options, I'd go out to May. That said, I've bought it because I believe it fills that gap at $37.

FJ, text me your address if you want me to pass it along to Farmer.
Dan Scott
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AG
OPEC cutting additional 1MBD production.
Aglaw97
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Your last point is what should happen. But I don't see it happening with an election upcoming.
txaggie_08
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AG
https://www.reuters.com/business/energy/sarabia-other-opec-producers-announce-voluntary-oil-output-cuts-2023-04-02/

Quote:

Saudi Arabia and other OPEC+ oil producers on Sunday announced voluntary cuts to their production amounting to around 1.15 million barrels per day in a surprise move they said was aimed at supporting market stability.

The group had been largely expected to stick to its already agreed 2 million bpd cuts when its ministerial panel, which includes Saudi Arabia and Russia, meets virtually on Monday.


Quote:

Last October, OPEC+, which comprises the Organization of Petroleum Exporting Countries (OPEC) and allies led by Russia, agreed output cuts of 2 million bpd from November until the end of the year, angering Washington as tighter supply boosts oil prices.

Sunday's unexpected voluntary cuts, which start from May, come in addition to the ones already agreed in October.
techno-ag
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They keep doing that the price of oil will go up.

Maybe.
FJ43
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Hmmmmm



lobwedgephil
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FJ43 said:

Hmmmmm




Craziest daily chart I have ever seen.

Red Pear Luke (BCS)
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Sponsor
AG
txaggie_08 said:

https://www.reuters.com/business/energy/sarabia-other-opec-producers-announce-voluntary-oil-output-cuts-2023-04-02/

Quote:

Saudi Arabia and other OPEC+ oil producers on Sunday announced voluntary cuts to their production amounting to around 1.15 million barrels per day in a surprise move they said was aimed at supporting market stability.

The group had been largely expected to stick to its already agreed 2 million bpd cuts when its ministerial panel, which includes Saudi Arabia and Russia, meets virtually on Monday.


Quote:

Last October, OPEC+, which comprises the Organization of Petroleum Exporting Countries (OPEC) and allies led by Russia, agreed output cuts of 2 million bpd from November until the end of the year, angering Washington as tighter supply boosts oil prices.

Sunday's unexpected voluntary cuts, which start from May, come in addition to the ones already agreed in October.



God help Farmer and whatever hat company he chooses to buy a new hat from.

Glad I bought my OXY calls last week….
BaylorSpineGuy
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lobwedgephil said:

FJ43 said:

Hmmmmm




Craziest daily chart I have ever seen.




They must be projecting people to be drinking heavily in 3 months and then stop drinking all of a sudden.
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