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gougler08
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AG
So Biden basically said nothing?
FTAG 2000
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gougler08 said:

So Biden basically said nothing?
1. Buy ABT, they are buying 500 million test kits to distribute around the country and to people at home who want.

2. Take some VIX calls for next week. Biden was coughing and has close proximity to staffers who tested positive yesterday. Market dropped when Trump was diagnosed with covid last year. This is a lotto for sure, trade appropriately.

3. Not going to shut down like in March, so a positive for futures.

Back to the trade desk, sorry for the press conference tangent to those who I tweaked.

Farmer @ Johnsongrass, TX
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I didn't read anything wrong in those Biden update posts above. Thanks to all those that posted. Right now, all I know is that FJB didn't crash the Market, sounds like he said blah blah with no further Market impact and I bought my SPY shares one dang day to early, but I'm still going to make a profit!
gig em 02
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AG 2000' said:



2. Take some VIX calls for next week. Biden was coughing and has close proximity to staffers who tested positive yesterday. Market dropped when Trump was diagnosed with covid last year. This is a lotto for sure, trade appropriately.
More importantly, he was coughing and just gave a 30 minute unmasked speech to a room full of people who control the narrative. He didn't even try to cover his mouth half the time.
FTAG 2000
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gig em 02 said:

AG 2000' said:



2. Take some VIX calls for next week. Biden was coughing and has close proximity to staffers who tested positive yesterday. Market dropped when Trump was diagnosed with covid last year. This is a lotto for sure, trade appropriately.
More importantly, he was coughing and just gave a 30 minute unmasked speech to a room full of people who control the narrative. He didn't even try to cover his mouth half the time.

Honestly I hope they all get it. They will all survive after news of testing positive, then their narrative gets a few more holes in it.
azul_rain
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Good news stocks are still up
FJ43
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Just got off a conference call that had executive team members from across the country. Seattle to LA, New York to Miami and everywhere in between.

There is real concern (and impacts currently) in some parts of the country as expected about the variant and its impact to things. Not that the folks on the call were concerned but the call included risk mitigation to operations geographically.

Should the narrative continue to be bull-horned regardless of where you stand on it I suspect we will see varying impacts economically.

IMO being nimble as a trader is important at the moment.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

BrokeAssAggie
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AMD rippy into the close..
FTAG 2000
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Did Psaki just confirm Biden's got the 'rona?

Maximus_Meridius
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Just got an email from corporate. It's expected that I get vaccinated ASAP or I will have a "medical surcharge " deducted from my paycheck next year until I can prove full "immunization". No info as to the dollar amount, or if it applies to my family as well (they worded it as employees on the corporate healthcare plan).

I'm so friggin pissed right now I can hardly see straight.

Edit: Sorry, I know it's not the Covid forum or F16, but I need to vent and this is where I post the most.
BrokeAssAggie
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Ask them to define "fully immunized"
Maximus_Meridius
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The exact words were fully vaccinated, but I thought they didn't consider you fully…whatever until 2 weeks after the second poke.

I hope the Novavax gets FDA approval soon, if the rat ******* would quit holding it up.
BrokeAssAggie
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Maximus_Meridius said:

The exact words were fully vaccinated, but I thought they didn't consider you fully…whatever until 2 weeks after the second poke.

I hope the Novavax gets FDA approval soon, if the rat ******* would quit holding it up.
which makes no sense because now you have to get a booster. There is no such thing as "fully vaccinated" The entire thing is a big scam
Brewmaster
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Don't agree to a single thing. Theres a very high likelihood the supreme court will strike down any OSHA or Biden vax b.s. You might also tell them, anything deducted, I expect to be compensated for with interest. Okay, the last line depends on job security, but they might also just back down if you push back a bit. You can use religious exemption excuse as well.
and congrats on staying a pure blood!
BaylorSpineGuy
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Interesting commentary FJ. What I'm hearing from all my ICU colleagues is that their counterparts in the North are having fairly mild cases of Omicron with the exception. Being transplant patients (typically super sick and immune compromised patients anyway). Today, South Africa reports 44% reduction in Omicron hospitalizations. Curious if the Omicron story is excuse for market pullback. There has been one mortality from Omicron to date. Remember when thousands were dying daily?!? Doesn't feel like that at all.

Is it possible this Omicron thing is cover for some pullback?

I sold a bunch of stuff yesterday and am gonna stay on sidelines till things become more clear. For a market up 26% this year, it certainly doesn't feel like mania to me. I'm cautious. Above 4750-4800, I'll be a bull but until we make a new high, I am holding back.
bmks270
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More "vaccinated" people getting covid than non-vaxxed these days.
BrokeAssAggie
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bmks270 said:

More "vaccinated" people getting covid than non-vaxxed these days.


My theory is most of the unvaccinated don't run out and get a test if they have a runny nose.
gougler08
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It seems the market has realized what South Africa keeps trying to tell us in that this is a huge case but low death variant. Over their past 3 spikes the death spike lagged by a couple weeks, but if this thing was a harbinger of death they would be going up already by now. I'm sure it will tick up some, but this seems like a big nothing burger



gougler08
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UK is the same but probably hasn't completely spiked on cases yet



OutlawAG04
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Pfizer making $6.7 billion bet on medical marijuana?
Max Stonetrail
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The graphs from Gougler demonstrate what a few sane, rational honest minds said at the beginning of this whole thing back in March of 2020.

There WILL be variants continuing for years. Each one will be more contagious but less dangerous. Delta was more cases fewer deaths than the original (which is why they switched to cases to keep the fear up). Now we have Omicron with more cases less deaths than Delta.
EnronAg
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Mostly just a reader of this post (which has been great and really provided a lot of great knowledge)…question, and I apologize if it has been mentioned and I missed it…but how do you play a stock that you need to sell before year-end to tax loss harvest…but like the stock for the long term…don't beat me up, but I'm talking something like a PLTR…or even ROKU…how do I play the stock until I'm able to get back in after 31 days??? I'm assuming options, but not sure the best route. Sell ATM puts over a month out? Buy OTM calls? I would like to get back into a couple of stocks that I have to sell for taxes, assuming they trade pretty flat…so barring any explosion to the upside, how do I play those stocks inside my 30 day wash sale window?? Thanks in advance for any input!!!
Red Rover
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You could buy just OTM calls for a month or so out as a way to "protect yourself" in case the stock explodes upward while waiting your 30 days. Do that before you sell you shares.

You could sell puts more than a month out and then if it goes up you keep the premium. If it goes down further you would have lost some money anyway had you just held the shares, but this way you get to harvest the tax loss.
BaylorSpineGuy
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If the death count follows a head and shoulders pattern, we should be soon having none or negative deaths!
$30,000 Millionaire
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This could be good or this could be meh.


You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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Just gonna let this work and see what happens.


You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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You may ask, why micros and why a tight stop. Well, I'm shorting an up trend.
You don’t trade for money, you trade for freedom.
FJ43
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$30,000 Millionaire said:

You may ask, why micros and why a tight stop. Well, I'm shorting an up trend.
Yo you trading futures from your app being bored? Thought I was the only degenerate on this thread.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

$30,000 Millionaire
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A scalping idea for you all. When you're trading a smaller time frame and you see an "extreme move" with a large candle that pushes outside the Bolinger band, it tends to be an OK place to fade. Now, you can't be stupid and you need to quickly assess if you're wrong. These big candles require a lot of energy to create normally. I look for a candle to top tick and then I enter on the way down, with a stop at the top of the wick. If you're wrong, you're wrong small. If you're right, you can get some easy gains.

I circled two moves for you to illustrate the point. I am still in this because it lost the VWAP (purple line).
You don’t trade for money, you trade for freedom.
$30,000 Millionaire
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Family is watching Christmas movies and I'm low key gambling over here.
You don’t trade for money, you trade for freedom.
Ragoo
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Home alone 2 on free form
FJ43
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$30,000 Millionaire said:

Family is watching Christmas movies and I'm low key gambling over here.
'Trading' for freedom!
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

lobwedgephil
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Brewmaster
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tech rotation seasonality, I found this interesting... Bootsie is a good follow too:

ProgN
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Damn, I spent the day with a beautiful woman and didn't open TA or trade, and this turned into a game thread. I like the market rally, I should just disappear for the rest of the month .

Biden's speech was a big nothing burger, that's good. I was worried he was going to mandate the vaccine for domestic travel, which would have F'ed my getaway the first week of January.

I know this topic is heated for both sides of this Covid bull***** However, let's not attack each other in here. I'm on the opposite side of the political spectrum from some regular posters in here, but this isn't the place to attack each other. In here we're all green (money). Our clubhouse is growing and is the best place I've ever had the pleasure to be a part of, let's not **** that up please. If you want to vent, I'll meet you on F16 and we can fight together until we piss off the right mod and then we'll be in banned camp. I'd suggest not doing it on F84 because the mods there will snipe your ass for 2 weeks if you don't spell Covid right, LOL.

Y'all have a good night and I'll see you on the field of battle tomorrow.

Gig'em,
Prog
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