• Breaking News

    Tuesday, March 30, 2021

    Home Unlabelled Stock Market - “When i buy calls, it drops, when I buy puts, it goes up. I have a brilliant idea that is full proof hedge.”

    Stock Market - “When i buy calls, it drops, when I buy puts, it goes up. I have a brilliant idea that is full proof hedge.”

    4 years ago

    Stock Market - “When i buy calls, it drops, when I buy puts, it goes up. I have a brilliant idea that is full proof hedge.”

    “When i buy calls, it drops, when I buy puts, it goes up. I have a brilliant idea that is full proof hedge.”

    Posted: 30 Mar 2021 01:54 PM PDT

    Found this in a book I’m reading... sounded familiar to a certain broker * cough * Robinhood.

    Posted: 29 Mar 2021 09:12 PM PDT

    TILRAY (TLRY) NEW YORK APPROVES MARIJUANA BILL FOR RECREATIONAL USE

    Posted: 30 Mar 2021 07:59 PM PDT

    Jonathan M Block (SA News) The New York State Senate Tuesday evening approved a bill that would legalize marijuana for recreational use by a vote of 40-23. The bill, the Marijuana and Taxation Act, is expected to easily pass the State Assembly. Although Gov. Andrew Cuomo (Dem.) has said he will sign the legislation and cannabis legalization would then become legal immediately, marijuana sales in stores would take 18 months to two years to start, according to State Assembly Majority Leader Crystal Peoples-Stokes. Cuomo's office has said that once fully implemented, marijuana legalization is expected to rake in $350M annually in tax revenue. U.S. multi-state operators today: Curaleaf Holdings (OTCPK:CURLF) -3.6%; MedMen Enterprises (OTCQB:MMNFF) -0.6%; Acreage Holdings (OTCQX:ACRHF) -0.1%; Harvest Health & Recreation (OTCQX:HRVSF) +0.8%; Cresco Labs (OTCQX:CRLBF) -5.2%; Green Thumb Industries (OTCQX:GTBIF) -11.8%; Trulieve Cannabis (OTCQX:TCNNF) -5.9%. Canadian cannabis players today: Aurora Cannabis (NYSE:ACB) unchanged; Canopy Growth (NYSE:CGC) +1.7%; Aphria (NASDAQ:APHA) +3.9%; Cronos (NASDAQ:CRON) +1.5%; Tilray (NASDAQ:TLRY) +1.9%; OrganiGram Holdings (NASDAQ:OGI) +3%; HEXO Corp. (NYSE:HEXO) +1.9%; Sundial Growers (NASDAQ:SNDL) +1.8%.

    submitted by /u/REVDRCOOK
    [link] [comments]

    Hedge fund meltdown: Elizabeth Warren suggests regulators should've seen it coming

    Posted: 30 Mar 2021 07:37 PM PDT

    [Part 1/2] The Story of The GameStop Short Squeeze By Financial Times 20 Mins and 44 Seconds (Quite Good! Enjoy!!!)

    Posted: 30 Mar 2021 06:34 PM PDT

    [Part 2/2] The Story of The GameStop Short Squeeze By Financial Times 20 Mins and 44 Seconds (Quite Good! Enjoy!!!)

    Posted: 30 Mar 2021 06:45 PM PDT

    CAN anyone confirm GOLDMAN SACHS bought 12k shares of AMC today after they called their Margin back or is that FAKE NEWS??SAW it in TWITTER

    Posted: 30 Mar 2021 06:14 PM PDT

    Cannabis industry still trading side ways. Good buy?

    Posted: 30 Mar 2021 09:50 PM PDT

    Federal legalization in Mexico and Rec. Use legalized in NYS (along with many other states voting soon), has me thinking the cannabis industry is undervalued. Moreover, As many in the political world know, U.S. legal policy sets international standards on some level. Which would make me think that in the next year or two other countries will follow suit.

    Overall think it's a great buy for a long term strategy. (Literally anything over a year)

    Personally, I'm looking at ETFs like $MJ and $THCX. There aren't many others but I would be interested in some that may focus more on the international markets.

    Lmk what you think.

    Cheers

    submitted by /u/Green_Moon_V14
    [link] [comments]

    $PLL Piedmont Lithium announces new COO, poached from lithium industry leader $ALB Albemarle. THIS. IS. A. BIG. DEAL.

    Posted: 30 Mar 2021 07:00 PM PDT

    Does anyone else want to punch both the Najarian brothers in the face?

    Posted: 30 Mar 2021 09:49 AM PDT

    I cannot stand the Najarian brothers or their investment "strategy" of just copying high conviction trades. Does anyone else just want to puke when they see their commercial on CNBC for Follow the Smart Money?

    If you haven't seen it, here's their strategy in a nutshell:

    Imagine you're in middle school, and there's a quiz in Zoology class today. Zoology is taught at different periods throughout the day, every kid in the grade will take the quiz at some point throughout the day. Everyone's known about the quiz for weeks, and most kids have studied and are prepared. Not Pete and Jon, they haven't studied shit. They have a different strategy to pass the quiz.

    Luckily for them, Pete and Jon have Zoology during 6th period, late in the day after many kids have already taken the quiz. So, Pete and Jon ask as many people at Recess as they can, what their answers were. They have no idea who the smart kids are, but there is a really loud kid who is POSITIVE he got the right answer. Pete and Jon don't know if this kid is smart or dumb, but they do know he's very convicted about being right. So, they decide to listen to this loud kid and use his answers when they take the test.

    That's their strategy: copy the loud kid. Not sit next to the smartest kid in class and cheat off his/her paper, just listen to the loud kid at recess and use his answers. Follow the Loud Kid.

    In their real world applications of this strategy, they monitor options chains and wait to see a volume spike in a particular order. They have no idea who is making the trade, it could be the smartest trader in the world, a hedge fund covering a position or some drunken billionaire letting his pet monkey pick his next stock trade. They see that high volume trade and then they copy it. That's it. "Oh look, Jon, someone just bought 1000 ROKU June 350 Calls. That's a lot, let's buy those too. Good thinking, Pete." The end, that's what they do.

    Fuck these guys and fuck their stupid facial hair and pony tails. I cannot believe CNBC puts these guys on TV.

    submitted by /u/ProfessorPurrrrfect
    [link] [comments]

    What do you folks think of Abcam (ABCM)?

    Posted: 30 Mar 2021 09:43 PM PDT

    New investor here. I'm not sure how to perform a proper DD on them, however full disclosure I did scoop up a few of their shares. I come from the lab rat side, so I know their antibodies have always been really good and reputable amongst researchers. They're pretty much a go-to for all things antibodies, and their website is a lot nicer than their competitors when it comes to ordering from them. Thus, I figured why not buy some shares.

    https://corporate.abcam.com/about/

    I know they had an IPO not long ago, and then COVID hit them soon after, so their stock value hasn't really changed much. It looks like they have plans of expanding their markets to China, as well as broadening their product portfolio, so it seems like they are doing the right thing, though I'm not totally clear on interpreting their financials and how they might enable the execution of their future plans.

    Any thoughts?

    submitted by /u/fishstickilicious
    [link] [comments]

    Been waiting for the Nasdaq to break for so long

    Posted: 30 Mar 2021 07:25 PM PDT

    Ummm.... what?

    Posted: 29 Mar 2021 08:55 PM PDT

    47k in FXR/beach body

    Posted: 30 Mar 2021 09:33 PM PDT

    TUESDAY STOCK MARKET RECAP(ACTIONABLE) 2021

    Posted: 30 Mar 2021 04:56 PM PDT

    It doesn't take a genius to win in stock market. Also, It's always better to keep things super simple. There's a reason why staying awaying from complexities helped Buffett and Munger.

    Posted: 30 Mar 2021 08:45 AM PDT

    Tomorrow- Biden's Infra plan. US Concrete, US Steel up 35% in a month, w...

    Posted: 30 Mar 2021 08:11 PM PDT

    Tomorrow- Biden's Infrastructure plan. I was researching on these for months and posted these infra stocks and ETFs a month back. Already US Steel and US Concrete up 35% in a month.

    I picked my stocks by researching Steel and iron prices, multiple articles and podcasts and adding some links here.

    https://youtu.be/_y3SkkB-4ZQ

    https://www.marketwatch.com/story/these-are-the-stocks-for-playing-bidens-infrastructure-push-analysts-say-11617136048

    https://www.kiplinger.com/investing/stocks/stocks-to-buy/602447/best-infrastructure-stocks-biden-next-spending-plan

    https://www.kiplinger.com/investing/stocks/stocks-to-buy/602447/best-infrastructure-stocks-biden-next-spending-plan

    submitted by /u/10x_investor_educ
    [link] [comments]

    Why Warren Buffet HATES short selling

    Posted: 30 Mar 2021 01:40 PM PDT

    Here is a Market Recap for today Tuesday, March 30, 2021

    Posted: 30 Mar 2021 01:24 PM PDT

    PsychoMarket Recap - Tuesday, March 30, 2021

    The broader market finished lower following another volatile session, but interestingly, many individual stocks that were beaten down in recent weeks surged. Market participants continue to digest the sudden unwinding in stocks by a large hedge fund and an elevated Treasury yield.

    Yesterday, Bloomberg News reported that Archegos Capital Management, managed by Bill Hwang, the ex-head of Tiger Management's family office and a so-called "Tiger cub" (the name Wall Street gave to protégés of legendary fund manager Julian Robertson), was forced to sell more than $20 billion worth of stocks following a margin call. Hwang was heavily invested in Chinese tech stocks and American media conglomerates Discovery (DISC) and ViacomCBS (VIAC). Nomura (NMR) and Credit Suisse (CS) warned that their earnings might take a "significant hit" following Archegos Capital's margin call, with the stock of both banks falling double-digits. A margin call happens when a leveraged account drops below an agreed level. The broker will then require the client to add funds to the account. If it can't, the broker will dump the client's shares and liquidate its holdings to make up the shortfall.

    Despite the fear stemming from Archegos' margin call, new data shows encouraging signs that the economy is recovering. In 2021, cyclical, energy, financial, and reopening stocks - the under-performers of 2020 - have strongly outperformed tech and high growth stocks, underscoring the sector rotation taking place. Moreover, last week's unemployment report was a pandemic-low, a sign the labor market is improving as the economy gradually reopens and the vaccine continues to be distributed. Looking ahead, the March jobs report is set to be released Friday. The report is estimated to show the economy created a whopping 630,00 jobs in March — the most since October 2019 before the coronavirus pandemic.

    However, concerns from market participants remained centered on the pace of economic recovery. With the recent passage of more stimulus and the Federal Reserve's commitment to maintaining accommodative policies in place for the foreseeable future may cause a rapid spike in inflation.

    Highlights

    • The benchmark 10-year Treasury yield remains at elevated levels, 1.731% at the time of writing.
    • ARK Investment, managed by star-manager Cathie Wood, launched a space-themed ETF today, ticker ARKX. More than $196 million in shares were exchanged as of noon in New York, according to Bloomberg data. Check out the list of holdings here
    • The consumer confidence index pushed to its highest level since the pandemic began, likely buoyed by fiscal stimulus and the pace of vaccinations. The consumer confidence index increased to 109.7 from 90.4 in February and exceeded estimates of 96.9
    • The shakeup at Gamestop's (GME) board continues, with the company announcing it was adding former Amazon executive Elliot Wilke as chief growth officer.
    • Home prices in the U.S. surged by the most since early 2006 in January this year, according to the S&P CoreLogic Case-Shiller national home price index.
    • Spotify (SPOT) said on Tuesday it has purchased Betty Labs, the company behind sports-focused social audio app Locker Room, to accelerate its move into live audio.
    • DraftKings (DKNG) acquired Vegas Sports Information Network Inc., a multi-platform broadcast and content company providing sports betting news, analysis and data. VSiN, which operates out of Las Vegas, develops, produces, and distributes up to 18-plus hours of live linear sports betting content each day in addition to its sport-themed 24/7 stream. DraftKings has been extremely active lately signing agreements with major sports leagues and acquiring smaller companies.
    • NIO has agreed to partner with German retailer Metro AG to construct charging and battery swap stations in malls of Metro China.
    • **Please note that current stock price was written in the morning premarket and does not reflect intraday changes*\*
    • AbbVie (ABBV) target raised by SVB Leerink from $140 to $144 at Outperform. Stock currently around $107
    • Digital Turbine (APPS) target raised by Maxim Group from $85 to $111 at Buy. Stock currently around $71
    • Lamar Advertising (LAMR) target raised by Morgan Stanley (MS) from $95 to $105 at Overweight. Stock currently around $92
    • L Brands (LB) target raised by Morgan Stanley (MS) from $68 to $73 at Overweight. Stock currently around $60
    • Silvergate Capital (SI) target raised by Cannaccord Genuity from $90 to $150. Stock currently around $120
    • Target (TGT) target raised by Stifel Nicolaus from $220 to $230 at Buy. Stock currently around $198
    • Truist Financial (TFC) target raised by Morgan Stanley (MS) from $65 to $68 Equal-Weight, Stock currently around $57
    • Electrameccanica Vehicles (SOLO) target raised by Aegis from $4 to $7 at Buy. Stock currently around $4.40
    • Dave & Busters (PLAY) target downgraded by Wells Fargo to $33. Stock currently around $47 with earnings tomorrow after-hours

    "Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down." - Warren Buffet

    submitted by /u/psychotrader00
    [link] [comments]

    My Watchlist For 3/30/21 -- Focus Healthcare, Utilities, and Real Estate

    Posted: 30 Mar 2021 03:33 PM PDT

    Effects of new DTCC/NSCC filings on market in regards to failing hedge funds.

    Posted: 30 Mar 2021 04:53 PM PDT

    Hey fellas. Wanted to run this query passed here to see if anyone had some great insight into this.

    As you may or may not have seen, these new filings have been submitted to the SEC and there has been some discussion on there real impact and effect.

    NSCC-2021-103

    NSCC-2021-104

    NSCC-2021-801

    Simply put, these are beyond me and most other average people to interpret. There is the assumption that these relate heavily to the current issues with hedge funds, either just Archegos or further to the industry in general. Really my only question is to anyone that is able to read, interpret and understand the implications of these filings once they come into effect, what it will change and where it will leave us.

    Edit: Here's a link to the site where you can check them out yourself if needed

    https://www.dtcc.com/legal/sec-rule-filings

    submitted by /u/yojohny
    [link] [comments]

    It's so noob that I'm too afraid to ask

    Posted: 30 Mar 2021 09:40 PM PDT

    Hi guys. So I'm not that much of a noob when it comes to the general stock market but i'm planning to short some stocks and that opens up to a whole new world for me, which leads to a ton of noob questions. I hope someone could help shine some light. Very much appreciate it!

    I understand to short sell stocks i got to use a margin account, and I applied one in webull. Here comes the question, say I have $10000 in my account, and I want to short a stock (day trade only, not holding overnight), the stock has a maintenance requirement of 200%, does that mean that if I short $2000 worth of stock, I gotta have at least $2000x200% = $4000 of cash sitting in my account untouched?

    I did contact Webull with this exact question, they said the $2000 I shorted the stock for does not count as use of margin.

    I'm super confused. Shorting a stock meaning borrowing stock from the broker, I thought it should count as use of margin, I really need clarification on this.

    If the above scenario doesn't count as margin, does that mean that only if I short a stock using leverage would count as margin?

    Really appreciate it guys!
    Cash

    submitted by /u/JayMoney888
    [link] [comments]

    Cathie woods space ARKX fund will open on Tuesday what you guys think of the lineup she has? Is anyone going to load up on some shares. Currently Tech stocks have been taking a major beating so I might just wait.

    Posted: 29 Mar 2021 09:59 PM PDT
    Read more
    at

    No comments:

    Post a Comment