***Official*** 2018 Stock Market Thread

[KB]

Tilray, a cannabis stock, is rocking the shorts. Up almost 1000% in a month and 45% today. Reminds me of DryShips a while back. Sadly I don't own it as it makes zero profit in an overhyped industry, but it sure is fun to watch.

 

[s0me0nesmind1]

Tilray, a cannabis stock, is rocking the shorts. Up almost 1000% in a month and 45% today. Reminds me of DryShips a while back. Sadly I don't own it as it makes zero profit in an overhyped industry, but it sure is fun to watch.

I fucking sold at ~$125 when I bought originally @ ~$27... Now it's up to ~$215 God damnit god damnit god damnit.

 

[dasherHampton]

20 million in sales, now a 20+ billion market cap, all while still battling federal governmental interference.

Millenials sure know how to pick 'em.

In the meantime MU, with sales of 20 billion and surely up at next EC languishes at 45, about half of where it should be.

 

[woodman1999]

just throwing TRXC back out there.... nice little run up the last couple days.

 

[Cal166]

just throwing TRXC back out there.... nice little run up the last couple days.

Running up in anticipation of the 3mm FDA Approval?

 

[dasherHampton]

And the bottom falls out under Tilray.

Boy, that was hard to predict.

 

[zinfamous]

And the bottom falls out under Tilray.

Boy, that was hard to predict.

good lord. up 50%, 90%, then negative, up 40%....all in one day.

This is why I mostly stay away from all of this crap.

 

[s0me0nesmind1]

And the bottom falls out under Tilray.

Boy, that was hard to predict.

Bottom falls out? Are you high? This morning at open it was $151.40

It hasn't gotten anywhere near that all day.

 

[dasherHampton]

It was almost down to $160 when I saw it.

It hasn't moved in a while. Did they halt trading on it?

 

[MomentsofSanity]

It was almost down to $160 when I saw it.

It hasn't moved in a while. Did they halt trading on it?

Did. resumed. halted... resumed.. halted. Now halted at 217.

Today has been one weird F'ing day to be a broker.

and as I typed it released and closed at 214

 

[zinfamous]

Bottom falls out? Are you high? This morning at open it was $151.40

It hasn't gotten anywhere near that all day.

It actually dropped into negative for a few moments. Basically, 100% swings in a day

 

[FelixDeCat]

It actually dropped into negative for a few moments. Basically, 100% swings in a day

Until today, I did not even know that company existed. Based on the volitility I would say to those involved - never trade stocks while stoned - or stocks in companies that get people stoned.

 

[KB]

Tilray is coming back as more short cover.
Cannabis is the new 3D printing or cryptocurrency. Growth is sky high because its starting off so small, but earnings will never catch up. You have to hope for the greater fool to come along.

 

[woodman1999]

So who is going to take a stab at guessing MU's numbers today?

 

[dasherHampton]

I'm not going to try guessing the exact numbers but I think they'll be slightly up. If they're not I'm pretty sure MU will drop below $40.

 

[dasherHampton]

Profits up 38% year to year. That's more than I thought but I'm not a numbers analyst.

I shouldn't be that surprised though. We're transitioning into a smart world, and MU is one of the companies at the forefront of that transition.

In 5 years you're fricking coffee cup is going to have a Micron chip in it.

 

[dasherHampton]

I've regained some of my losses. I'm back up to only being 15% down.

Feels good, man.

 

[KB]

Profits up 38% year to year. That's more than I thought but I'm not a numbers analyst.

I shouldn't be that surprised though. We're transitioning into a smart world, and MU is one of the companies at the forefront of that transition.

In 5 years you're fricking coffee cup is going to have a Micron chip in it.

MU reported good numbers but guidance was down: "Gross margins expected to be lower than Q4 levels".
Pre-market shows another big fall. Right now the market is following the bear bandwagon on MU. Nothing will turn it around until margins rise again.

 

[dasherHampton]

As usual - every bit of even slightly negative news about MU is completely overblown. If you read the entire statement it's actually pretty positive.

Oh well, I don't mind holding. Calls will keep providing income.

 

[dasherHampton]

I might go nuts. The 6/21 60 calls are going for $310 a contract.

 

[holden j caufield]

I fucking sold at ~$125 when I bought originally @ ~$27... Now it's up to ~$215 God damnit god damnit god damnit.

If you look back 2+ years or 3 years ago. I had AMD stock at under $2 and I had xx,xxx shares, had it many times sub $6 too. Today its almost $32, I'm not going to even start on the BTC, LTC I sold many years ago.

 

[FelixDeCat]

TLRY got beat like a red headed step child!

-30%

In 48 hours it hit $300, then crashed back to $125

Never invest whiled stoned.

 

[zinfamous]

TLRY got beat like a red headed step child!

-30%

In 48 hours it hit $300, then crashed back to $125

Never invest whiled stoned.

One thing I do know about you, FDC, is that you really need more weed in your life. It's a shame, it might help you to be a somewhat tolerable person.

also, your friend pepe there was officially killed off.

 

[TheVrolok]

TLRY got beat like a red headed step child!

-30%

In 48 hours it hit $300, then crashed back to $125

Never invest whiled stoned.

Weed is becoming the new crypto.

 

[dasherHampton]

BILI dropped below the strike price in the last hour of trading yesterday but whoever held my puts evidently decided not to exercise them. I can't remember the last time that happened. It's been a few years.

The thought must be that BILI is going up pre-market on Monday.