RE:RE:RE:RE:RE:RE:RE:RE:AND SO IT GOES.......I need the entire back seat for me and my bags of money. I guess you wouldn't know how that feels because with a $5,000 float, your money takes up no room. Don't worry, though, you'll still have the back seat to yourself...... I'm sure you can figure out why. ..... Cockroach
Starsearcher80 wrote: BULLCHART! You said "watch and learn" and I've certainly done both!
I've watched the stock drop, and I've learned that you are a COMPLETE moron. Oh wait, I guess I didn't learn that actually. I ALREADY KNEW THAT.
Welcome to the clown car Bullchart. Make room boys. Make room! Careful, Homestrech tries to hog the entire back seat for himself. ;)))
Bullchart1 wrote: With this 10 day leg down a return to 29 safe for a 25-29 leg up. Watch and learn.
A 30.00 cheap put gives a nice insurance policy.
Starsearcher80 wrote: Going to $29.00 Bullchart??? Good for you!! You'll only be down about 13% in a week. Priceless. ;)))
Bullchart1 wrote: LOL... Guess you missed this run from 25.00 to at least 29.00 over a couple days . No worries, grab a few 30.00 puts.
Starsearcher80 wrote: Humbled Bullchart? Hardly. Let's see. You're currently off about 25% of the recent highs last week, from a low of being off almost 30% this morning. OUCH. But now you're actually trying to cheer your brilliance being up a whopping 4.77% today?? Wow! With that kind of brilliance I'll say my goodbyes to you now, not being sure at what point you wash out of the market altogether.
Canopy is showing a decent relief rally for now which is nice for the longs. I still consider the stock untouchable during this period.
For myself, I continue to believe the market as a whole is dangerously overbought. I bought a half load betting against the S&P last week (not too happy about that at present), currently off about 4% in total, but have been gradually averaging down, with the total offisde impact about 3% now. Still 25% to purchase, and may complete that today, so the average offside will be lower still.
It's rare that you get to nail the timing perfectly.
Best wishes to the longs. For your sake, I hope the relief rally holds.
Bullchart1 wrote: I love the market ...It humbles the loud mouth!
Homestretch4me wrote: Got to love morons Who start to claim how smart they are in the first 15 minutes of trading. As of the writing of this post canopy is up $0.92 Which is a little over three and a half percent. You are right though Starcrapper It is only Tuesday. Wait till you see what canopy does to you on Friday! This post is not a recommendation to buy or sell and makes no inference on where the stock price is going today, as it is not important because we all know where it's going in 5 years. it is merely a post to point out Starcrappers BS.
Starsearcher80 wrote: Yep, now in the $24's. Who'da thunk it??
As I said, this stock is now on the avoid list, and will have a distinct absence of buyers this week for sure, and depending on the news week, perhaps beyond this week.
With this lack of buying, all that is left is sellers tripping over each other, at progressively lower prices. With the earnings not until Friday, I would expect this pattern to continue. Yesterday I said "It's only Monday", suggesting that there would be a signifcant drop. There was. I'll say it again now. Today is only Tuesday.
To suggest holding now is some brilliant move, or "you're in it for the long haul", are just newbie mistakes or false rationalization. Right now it is the full on equivalent to standing on the tracks, the train is coming right towards you, and the best you can say is "hey, look at the pretty lights!"
Some of you think I'm being tough on you. Honestly, no tougher than I am on myself on a daily basis. And if you thihk I'm tough, take a look what the market is doing to your account balance. Now THAT is where the real tough lessons come from.