Red Pear Luke (BCS) said:

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Spoony Love said:

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I don't disagree, but what's the context?

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She was on CNBC just railing against Banks needing to be bailed out, Basel III end game, how much the US is against Trump and Right Wingers and the democrats are the best at bi-partisanship. She was just on a soapbox.

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Man i took basically 3 weeks off trading and I'm completely lost trying to catch up. Not low enough to start pushing chips back in but some solid resetting going on, seems like we're in no man's land technically, recent gap above to 509ish and older one below to 497. Feel like a strangle for both may be a good play? Or hold tight and wait for one to fill

Powell "lack of progress this year in reaching inflation goal------duh

Powell didn't say anything new or even interesting. His speaking has nothing to do with what the market is doing.

He stopped just short of saying no rate cuts for now

bmoochie said:

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Powell nothing burger. I just want to get this retrace over with. This chop sucks

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"Bomb, bomb, bomb, bomb, IIIIRRRRRRAAAAANNNN..."

I know my fellow olds in here has that song in their head when they read this.

confucius_ag said:

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Algos just kick into buy or what?

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We're now in sell the bounce territory until it fails. Watch for VXX to put in a low and start back up for your sign. $13.50-$14.00 would be ideal.

Ugh what a terrible day to try and hop back in

TSLA flirting with the 52W low.

ProgN said:

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bmoochie said:

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Powell nothing burger. I just want to get this retrace over with. This chop sucks

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"Bomb, bomb, bomb, bomb, IIIIRRRRRRAAAAANNNN..."

I know my fellow olds in here has that song in their head when they read this.

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I sing this song every time I buy oil stocks

Tumble Weed said:

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ProgN said:

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bmoochie said:

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Powell nothing burger. I just want to get this retrace over with. This chop sucks

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"Bomb, bomb, bomb, bomb, IIIIRRRRRRAAAAANNNN..."

I know my fellow olds in here has that song in their head when they read this.

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I sing this song every time I buy oil stocks

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BaylorSpineGuy said:

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Hey Prog! Always sincerely enjoy your insight on individual stocks.

Why are you so bulled up on POWL? Looks kinda like blowoff top. A stock that lived in $30 range for years and exploded last year.

Why will it continue its ascent after this pullback? Sincerely keen for your insight. Hope all is well.

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I'll answer this tomorrow because I was about to go to bed.

Tumble Weed said:

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Farmer @ Johnsongrass, TX said:

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H-A, thank you for that reply. I've got some homework to do now. I'm trying to get back in the old swing of things. We continue to have some medical issues but hopefully come May/June some normalcy returns. That's right around the corner! Fresh water crisis,...that one is coming. I put a request in for 4 water meters in July 2020 to a small rural water company and they were granted in August 2023. Theres a lot of backstory to that one and it's been a journey. It could happen anywhere. It you own a property with a water meter(s) dont give them up. Dont buy a property with the promise of a water meter to be installed - installation should be completed before closing the deal. Last, the crazy part,...and just because there is a meter doesn't mean there will be water. Never thought I would write those last 6 sentences in my lifetime. Thanks again!

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I don't want to derail our trading thread, but what is the reason that you are relying on meters instead of drilling?

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Meters vs Drilling
I grew up in McLennan County and that's the location of these meters. As a kid I knew which homesteads, or most of them, had water wells versus city water or rural water supply. Most of those water wells were pretty shallow. In the mid to late 70's those water wells would dry up in July/August. I knew that because my father had a 1,000 gallon water wagon on the farm we used to refill our spray rigs. The tank was clean inside, hauled nothing but water. Those folks would call my dad and ask him if he would bring a load of water and put it in their well. That became my job. The local cotton gin provided free water to their customers and had a larger valve & more pressure for faster filling. I'd load at the gin and haul about 3 loads of water per well and unloaded directly into the ground well. That water provided about 7 to 14 days of use for those folks.

Moving forward to today, according to the rural water company, I can't drill a well to the Trinity Sands for water. That's the main body and that body is governed by some State of Texas Agency...like...the Subdivision of Trinity Sands Aquifer, or something like that. Then, there's a larger governing body above that. They dictate how many wells can be drilled and how many water meters are associated per well. An average person couldn't afford to drill a well to reach the Trinity Sands. Now, as for drilling shallow water wells. I understand the former problem still exists today. Those wells run dry in the summer. So, long way to get to the story end I guess you can drill a shallow well, but it will run dry in the summer.

Side Note: Our homeplace sits on the edge of town and 75% of the city storm water runoff flows to the backend of our farm. I realize we are headed for a water crisis as A-H noted. So, I figured there is likely a way to make some money off this storm water issue. The city storm water runoff erodes a lot of our land. City doesn't care. USDA says it's getting to a point where the water flow (volume/speed) surpasses ag standards and they gracefully bow out after that in helping the erosion situation. So, I either sue the city and request help for land maintenance or I build a surface water lake and accept all the runoff with the intent of selling the water back to the city when they run out some day. A few years back, I posed a question on TexAgs for help identifying the State of Texas water guys that govern things like surface water and obstructing flow on a named body of water, etc. The responses told me who to contact and I did. See, where the water starts its journey from the city and hits our land "A Named Body Of Water" begins. If my manmade surface lake takes that water the State will sue me for blocking that water flow on a "Named Body". I wouldn't block it. There would be a low-water damn allowing water to flow over the dam and continue its journey toward the Gulf once it leaves our property. The water flow would likely stop anyway in June/July, like it always does, due to low rainfall or drought. (So, am I really blocking water flow?) The State boys said I'd probably spend $1.5 to $2.0 million in court securing the project and USDA said it would be about $3.0 million to make the lake I wanted (this was 6 years ago). Depending on the time length of the legal fight, which could be years, I would likely die before finishing the fight. I'm not saddling my heirs with this issue and I just backed away from that idea. IMO, I think surface water will be gold in the future, especially if you're property is located near a town/city etc. and is large enough to be a supply of some volume.

Everyone vote on WWR issuing new shares?

They want either 100M or 200M. Current outstanding looks to be $57M.