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Yolo

YOLO! THE CASINO IS OPEN.You Only Live Once! That's the sort of sentiment that's driving Gamestop north like nobody's business. GME share price rocketed only because a bunch of Robinhoods pumped it. Then some guy who builds rockets tweeted about it, and it moved madly more north than ever. Billions were lost by short sellers, and they then turned long joining a load of other late comers. Price when to 'the moon' and may reach MARS next stop - some say. 🤦‍♂️ There is nothing of fundamental value matching GME's share price. Market value has hit $10 Billion for what? Nothing. Robinshoods were quite open about it that they just got onboard, driven by FOMO and YOLO. There is much to be learned in this one. How? Because similar forces are driving the DJI and Tech indices in America. DJI current value exceeds true value by about 20 times. All of this madness was played out in the Dotcom bubble years ago. We know how it ends. We don't know when it ends. The beginning of the end, is right now. This is absolutely not a recommendation to invest in this stock. There is good educational value in watching this stock. New traders would benefit from having a shot, only on Tradingview's paper trading account.
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NYSE:GME
by Captain_Walker
38
$PLTR - Same price, but with better time targets for optionsThis is basically the same setup i posted last night (early this morning) but fine tuned with an Inside Pitchfork instead of a Modified Schiff. I've also tried to math the EW targets with the fib time targets and the pitchfork targets. That is to say, i've tried to get a confluence of all 3 types of analysis and reorganized my elliot wave path to land where these three analyses converge. The price targets haven't changed, but the time targets have been modified (usually extended) to give a move conservative layout which will hopefully be useful for options plays. For example in my previous model, the intermediate wave 3 is projected at a target of $39-$40 around Jan 12, where as with this updated model, we have the same price target but on Jan 21. This matches with the median of the new inside pitchfork, and with the 1 extension of the Fib time projection, as opposed to the 0.786 time projection of the previous model. Im expecting a bounce from the 0.786 retracement, however there is always the possibility of a full retracement to the 100% level and a double bounce from $21. This happened with $Work recently so it's not totally unexpected for a stock that just recently IPO'd and is undergoing its first impulse wave. This is a better representation of how i intend to play it and is mostly here for my own records. I have Feb 19 $32 calls as well as some #yolo Feb 19 $50 calls. If price falls below $21 i will cut my (significant) losses and move on.
NYSE:PLTRLong
by ir-rizzle
Dubious Break out Attempt on BTC to the UpsideHad no choice, sold off some stocks that show little promise (bad investments - that's on me), to add to QBTC in both USD and CAD late morning. If BTC Breaks above this descending Trend-Line, it can move up to 24 K in a hurry. I still favour a correction lower in the next couple of weeks and hope that I have cash available if it happens. In the meantime, sometimes a small YOLO play is in order. If BTC breaks past 25K and I am not in as much as possible, then I will not be able to forgive myself understanding this opportunity to capitalize on BTC gains within my investment account. Personal Commentary: I would rather DCA into BTC than hold weak players in the CBD-oil industry (they don't stand to benefit from legalization as they are already legal and poor performers). I am being impatient, and have taken an ugly draw-down, but I am not interested in that industry, both CWEB and TGOD can make a great recovery and reward investors that bought the lows. I just bought at the wrong time and the wrong price, so cutting my losses. Would rather have more cash in BTC in my investment account, even if it drops short term. Will DCA whenever I have spare cash available that isn't being directed to dividend-income growth. I do hold crypto directly, this is an investment account play, and intending on holding for the duration. I have already purchased QBTC at significantly lower prices, so this is adding to my position. Also added Dividend income today in both USD and CAD.
BITSTAMP:BTCUSDLong
by JJMa
The beginning of an uptrend for marijuana?Aurora Cannabis NYSE:ACB is one of the leading companies of this industry and it's starting to look good. I always look for healthy trend signals to have positions for weeks or months, not days. This industry is still very volatile so if I buy I'll do it with little money. Another way to tackle the volatility would be to just buy a good ETF like AMEX:MJ or AMEX:YOLO . But to get real good returns is better to buy stocks. Aurora Cannabis NYSE:ACB just broke-out of it's 200 day MA for the first time since June of 2019! So, I'll be checking this stock for the upcoming days.
A
by dpuleo19
The bigger picture for weed This is a 1-month chart, which enables us to see the very long-term trend. Honestly nothing is really happening yet, we maintain a consolidation for almost a year, after a long-term heavy decline. Fundamentally, nothing has shifted yet, but it looks like there is some interest with Biden getting nominated. Stocks are undervalued; that doesn't mean they can become even more undervalued. I am watching them, but don't feel the time is right yet. If you don't want to miss out, buy a 25% of what you would normally. I am keeping them on a watchlist.
AMEX:MJ
by dorfmanmaster
#LEGALIZEIT $MJ ETF Daily ChartYou already know it... Holding the mj sector longterm & reinvesting dividends & diversifying in new canna tech businesses will = financial freedom ♾ might need another 10 years but well worth the wait later on! JUST #LEGALIZEIT ~~~ BLAZE IT & reap in those extra tax revenues for schools, roads ect... its just plain stupid for tax payers to continue to pay for incarcerated immates over a FKn plant that the good god put on this earth for a reason & has been used for thousands of years medicinally.
AMEX:MJLong
by AaronX
$MMNFF - MedMen Revival MedMen Enterprises, a recognized brand across the US for medical / recreation use of marijuana. They already have a solid foothold & "in" on the industry & are setup to ride the next wave of the cannabis boom. They are also backed by a group of experience board of directors with previous knowledge in well know public companies. The CEO is determined on an eventual turnaround. 2020 Q4 Transcript www.medmen.com Should be a good one for a swing @ the right price. Anyhow seems like a good one to keep an eye on & rinse and repeat when the time is right. www.sec.gov
M
by AaronX
1
DKNG YOLO - My final trade of the yearDKNG has been beaten to death and more in the last month due to a combination of: pipe share lockup expiration, dilution from 2nd capital raise, market panic from European COVID 2nd wave (algo selling from COVID headlines), and political volatility which came with the Dow dropping 800+ multiple days (elections and failed stimulus talks). Additionally, in anticipation of the lockup expiration too many traders piled on the easy short trade all at once. Trade Thesis: - Potential double bottom at $37.50 on the 1hr, need confirmation tmr. - 1.618 fibbonaci extension converging with major support/resistance. - RSI divergence and oversold levels under 30 for last 2 weeks. - Decreasing volume. - Short side was too heavy all at once which led to the unnaturally rapid drop. Many shorts were also closed this week to make up for other losses. - Safe to say at this point no stimulus is expected until after Election Day at minimum, but more likely to be after a confirmation (sometime before inauguration). - Dilution and insider selling likely fully priced in. - The two largest sports betting events are a few months away (Super Bowl and March Madness) - Online betting referendum on 3 state ballots. - Upcoming earnings on Nov 12, prior guidance spotty not accounting for college games, etc. and positive expectations from PENN. - PENN earnings blew estimates nearly 100%, yet it could not hold any gains for longer than a few hrs. This is reflective of the general market uncertainty and not due to specific company or sector news, which shows that fear is currently controlling the narrative. Risks: - Market crash - hedge with VIX and SQQQ calls, long treasury zeros. - NFL cancelling the remainder of the season - possible but extremely unlikely. - If holding options, could see extended consolidation on the green support line during the contested election period up to 79 days from nov 4. But ballot referendum should be enough to move. Catalysts: - Nov 4 Election Day (expecting contested results, but we are looking for the referendum results from ML, LA, and SD) - Nov 12 Earnings - Additional stimulus announcement I believe that with the majority of selling pressure now finished, when the overall market calms down we will see the spring that has been coiled up for a month plus be released all at once. Looking for big volume with upward price action exiting current channel, further supported by short covering. Due to the rapid drop with no consolidation at any point, a technical bounce alone based on no news can be 7%-12%. I am entering half my position today, with the rest tomorrow to avg in the potential Friday sell off before the election weekend. Entry: $37.69 (20 Nov $50 calls / $0.65) Stop: $34.69 T1: $47 | Daily ichimoku cloud, 1 fibonacci extension T2: $50 | Kijun line (red base line), .786 fib line T3: $55 | Gap fill, .5 fib line
NASDAQ:DKNGLong
by JesusHentaiChrist
13
CHGG 72yo yo alright, so Chegg is something that has helped a lot of college students over recent years. This is good news for the long haul. It's been trading in the channel following the gap up. It broke out of the channel but was unable to hold up there. It fell but the new low was higher than previous so that's good. That gap-up had a long volume stick and the started a nice 8-day bullish run. After that one long volume bar, the volume began to go back to normal again. On Friday you see another spike in volume following the dragonfly doji candle (bullish). My prediction is that it goes to 72 dollars. Hopefully, it works out :) New resistance is 70. good luck, trade smart this is not financial advice and this is only what I can see. Still new and learning but trying :) will check back in a few days :)
NYSE:CHGG
by tunripboyo
VSLR bullishalright so pretty much this bad boy needs to break and hold above 10.30 or 10.5 and it should be good for liftoff. they just announced some subscription-based thing for customers and that should help them out. Solar power is the future so hopefully, they keep breaking out with news. keep in mind that it has been rallying so the previous support line is important to keep in mind. i don't expect it to fall but if the market falls then so does VSLR. gl lmk how it goes trade smart !
V
by tunripboyo
Daily Chart on $MJ Breakout or Fakout?The MJ Sector has been down-trending since March of 2019, still has yet to see a real bounce with a solid continuation. As of May 2020 it looks like we are ready to bounce but still, I am weary that they will do another fakeout breakout. Anyhow, I am expecting MJ's price to eventually break above these down-trending lines. They are still rejecting the price down, so we could see a pullback or a breakout above the down-trending lines as it looks like we are squeezing once again. Anyhow GLTA & Collect those sweet dividends.
AMEX:MJLong
by AaronX