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1 minute ago, sassbs said:

I’m reading mixed reviews. A lot of people are saying it’s just a pump and dump. Unless. Kids don’t even like the product... and on the other side, people love it.   On the 15th we will know for sure :)   I see a lot of value to genius products 

It has definitely been pumped and dumped. But they do have deals in place with various networks to carry their channel including netflix if i remember correctly. And their toy deal with walmart and others start selling product in august. So long term value is definitely there if you can handle that wait. For the short term who knows anymore.

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10 minutes ago, I.Am.Ironman said:

Mine was at 50.. Is the hour set as trading hours or calendar hours (ie. 50 hours = 9ish trading days, or 2 calendar days)?

 

And why is it that you choose 100 & 200? What are the specific markers you look for in either line? I assume the longer the SMA the more suitable it is for long term outlook and for long term holds?

 

Thanks for the explanation, always appreciate your input.

Most of the stuff I trade, trades 24 hours a day so I just set my setting for 24 hour data. I'd do the same for stocks.

 

I subscribe to the "KISS" principle, Keep It Simple Stupid. Most people use a 100 and 200 SMA. If enough people use those MA's to place orders it becomes a self fulfilling prophecy. Those averages tend to become areas of congestion and can often become turning points.

 

On a separate note ......

 

A buddy of mine who trades for a living just sent this to me .........

 

12:10 PM@jessefelder
My 20yo son, stationed on an airbase in Turkey, just called to tell me about all the guys on the base going around bragging about how much money they’ve made buying “one-dollar stocks” on Robinhood.

 

My buddy's response "God I love it when stupid people show up. It means I'm going to wind up with all their money"

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20 minutes ago, nuckin_futz said:

Most of the stuff I trade, trades 24 hours a day so I just set my setting for 24 hour data. I'd do the same for stocks.

 

I subscribe to the "KISS" principle, Keep It Simple Stupid. Most people use a 100 and 200 SMA. If enough people use those MA's to place orders it becomes a self fulfilling prophecy. Those averages tend to become areas of congestion and can often become turning points.

 

On a separate note ......

 

A buddy of mine who trades for a living just sent this to me .........

 

12:10 PM@jessefelder
My 20yo son, stationed on an airbase in Turkey, just called to tell me about all the guys on the base going around bragging about how much money they’ve made buying “one-dollar stocks” on Robinhood.

 

My buddy's response "God I love it when stupid people show up. It means I'm going to wind up with all their money"

Thanks for that.. for my long term investments (90% of portfolio) i definitely subscribe to the KISS method. It applies to many aspects of life I find.

 

SO if a price is within the gap made by the 100 and 200 SMA line would that be considered a sort of happy zone/ fair value? I had RBCs stock chart up so i copied it here. The yellow is 200 SMA, purple is 100 SMA both over 6month time period

 

image.png.dc7ef0a892abd97663e6af1f601a8d97.png

 

Anyone else feel free to chime in.

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Thank you to the good people at Naked!! You could see the squeeze happening.. Heavy volume with minimal movement then Boom!!

 

If I had a little more patients I would have made around $13,000 as it went to $2.60 but I noped outta there with my $5300

 

image.thumb.png.6de76f43e81d8a6e3b0432c901cff69b.png

 

How did everybodys day go ? Highs or lows ? I lost $300 on GNUS with that drop from $5. I'm done with GNUS, others can play in that death trap.

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27 minutes ago, AriGold2.0 said:

Thank you to the good people at Naked!! You could see the squeeze happening.. Heavy volume with minimal movement then Boom!!

 

If I had a little more patients I would have made around $13,000 as it went to $2.60 but I noped outta there with my $5300

 

image.thumb.png.6de76f43e81d8a6e3b0432c901cff69b.png

 

How did everybodys day go ? Highs or lows ? I lost $300 on GNUS with that drop from $5. I'm done with GNUS, others can play in that death trap.

Nice work! I went in and out on NAKD last week for $200 in the after hours. Got sucked into GNUS yesterday after staying out of it all along, so today was no good lol. I'll be waiting it out i guess...

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GNUS is definitely being difficult. Im strongly considering just selling at opening tomorrow and then seeing if it drops again. It is crazy how fast it has fallen just before an event that should be bringing it up in price. As soon as i sell its gonna turn around and rocket just wait and see lol.

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56 minutes ago, AriGold2.0 said:

Thank you to the good people at Naked!! You could see the squeeze happening.. Heavy volume with minimal movement then Boom!!

 

If I had a little more patients I would have made around $13,000 as it went to $2.60 but I noped outta there with my $5300

 

image.thumb.png.6de76f43e81d8a6e3b0432c901cff69b.png

 

How did everybodys day go ? Highs or lows ? I lost $300 on GNUS with that drop from $5. I'm done with GNUS, others can play in that death trap.

Nice work. Im still into GNUS, bought at 3.90 today so I'm ok but willbe keeping a clsoe eye on things. I bought NKLA at 61 and 69, sold it all at 83 today. I like NKLA but it is over valued right now, has 17% the market cap of TESLA with not cars or manufacturing set up. It's mostly hype right now. I will be looking to buy back in at a future date once the dust settles.

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I sold 3/4 of my shares in Nikola earlier today for a profit of about 30k in about a month. Ari, you are a god.

 

I'm still in with about 180 or so shares that I bought at 19 bucks US. I'll keep those on the chance that this might sky rocket even more. I do agree that it's ridiculously overvalued right now.

 

 

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1 hour ago, Brock Botanen said:

I just looked at the VISL 5 year graph and I'm wondering wtf happened that caused it to go from $3k a share to under $1 in such a short time :o

Competition and new technology.  There's a tonne of talk about their stock value due to their new contracts and soon to be released new technologies as well.

 

But for whatever reason them and MARK are absolutely floundering

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I will be loading any AIM dips tomorrow. I like this company and what they're working towards.

 

They have enough cash on hand to be in business for 3 years which is unreal and reduces the chances of a public offer.

 

They haven't had any news in 26 days, something is gonna pop would be my guess.

 

This one is riskier then most so be careful.

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13 hours ago, I.Am.Ironman said:

Thanks for that.. for my long term investments (90% of portfolio) i definitely subscribe to the KISS method. It applies to many aspects of life I find.

 

SO if a price is within the gap made by the 100 and 200 SMA line would that be considered a sort of happy zone/ fair value? I had RBCs stock chart up so i copied it here. The yellow is 200 SMA, purple is 100 SMA both over 6month time period

 

image.png.dc7ef0a892abd97663e6af1f601a8d97.png

 

Anyone else feel free to chime in.

The 100 and 200 SMA's often create areas of congestion and potential turning points.

 

The first chart here is the $US (USD) vs the Swiss Franc(CHF) (for those unfamiliar currencies trade in pairs).

 

The red line represents the 200 SMA. You see how it was holding price in check? Sellers were leaning against that level and using it to define their risk. Eventually they gained the upper hand and it tumbled.

 

swiss.jpg

 

The next chart is Gold futures. The red line, the 200 SMA is currently holding price in check. Sellers are leaning against that level. Trying to exhaust buyers. Probably risking a $10 move vs a potential reward of approx $50 on a retest of that prior low. It represents a very good risk/reward ratio. I wouldn't expect a result either way until the result of the Fed meeting Wednesday.

 

gold.jpg

 

A heads up to all trading on Wednesday. Wednesday at 11 AM PST the Federal Reserve releases their decision on interest rates. There is almost zero chance of any move in rates. However, the market will be looking for any change in the language of their statement. Any hint that the Fed is turning Hawkish (especially after Friday's jobs report) will get the market worried the Fed may take away the punch bowl that's been driving markets higher. 

 

The Fed's conference call will be at 11:30 AM PST. It has very real potential to be market moving.

Edited by nuckin_futz
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19 hours ago, nuckin_futz said:

Just read everything I wrote. Not even sure if I answered your question. lol

 

I appreciate the explanation; your posts are specific, well thought and provide me with more guidance on which areas I should focus on studying (googling) to get a better understanding of the markets as a whole. 
 

 

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6 hours ago, nuckin_futz said:

A heads up to all trading on Wednesday. Wednesday at 11 AM PST the Federal Reserve releases their decision on interest rates. There is almost zero chance of any move in rates. However, the market will be looking for any change in the language of their statement. Any hint that the Fed is turning Hawkish (especially after Friday's jobs report) will get the market worried the Fed may take away the punch bowl that's been driving markets higher. 

 

The Fed's conference call will be at 11:30 AM PST. It has very real potential to be market moving.

THank you so much for your detailed explanation.

It seems the markets are half expecting it.. been down days twice in a row now.. You get the feeling that the greedy ones may get caught holding the bag.

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32 minutes ago, I.Am.Ironman said:

THank you so much for your detailed explanation.

It seems the markets are half expecting it.. been down days twice in a row now.. You get the feeling that the greedy ones may get caught holding the bag.

Yup. The market is very hesitant all morning. Let's hope the Fed announcement isn't anything bad and we can end the day/after hours with a pop.

 

Haven't bought or sold anything today. Going to wait until the xspa RS to pick up some cheap shares.

Edited by NucksPatsFan
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