Hockey Guy - what do you hear from your old co workers about your company and these oil prices?
Are they bleeding out of their ears?
Printable View
Hockey Guy - what do you hear from your old co workers about your company and these oil prices?
Are they bleeding out of their ears?
Don't worry, I saw this shit coming & was 1 of the reasons I wanted out while the getting was good.
Americans have 401k and often get stuck with their own companies stock. You have any exposure to the oil stocks tanking?Quote:
Originally Posted by Hockey Guy
I just checked my 401k and it is still sitting at $0.
Nope. I've been extremely lucky & been able to sell the stock they gave us every year @ the 52 week high or very close to it for the past 4 years.Quote:
Originally Posted by SanlmarAmericans have 401k and often get stuck with their own companies stock. You have any exposure to the oil stocks tanking?Quote:
Originally Posted by Hockey Guy
I just checked my 401k and it is still sitting at $0.
Over 50% up since I flagged it on 5th.Quote:
Originally Posted by Wiganer
Nice call yesterday. Here's that selling.Quote:
Originally Posted by simpdog
I scooped a little more Amaya.
I was short the QQQ so that is finally working out.
Not doing anything now
Gonna fool around with FX:USOil. $61.30. Long
I can't take credit for calling it. I have been thinking for quite some time that we're overdue for a tank. The economy has rebounded but it feels like we're right back at record highs and living on borrowed time.Quote:
Originally Posted by SanlmarNice call yesterday. Here's that selling.Quote:
Originally Posted by simpdog
I scooped a little more Amaya.
I was short the QQQ so that is finally working out.
Not doing anything now
Today's stock tank brought to you by the letters O,P,E and C.
Not only did they hold strong and allow oil prices to fall drastically, today they slash estimates needed for 2015. Which punished both the price of oil + the entire market.
FX:USOIL 59.59
Do for a little retracement here for a quick bounce but this is sick.
VXX went from 26 to 34 this week...hoping this is the beginning of the bubbling and possibly something to send the VIX curve into backwardation which will give the VXX a nice tailwind and send options premiums soaring...waiting to see the whites in its eyes around the 40-44 level and then unless I see something strange ill start to deploy my short call strategy...
will definitely be keeping an eye on the greek elections...even though its a small country if the anti-austerity guys get in, I really think that can fuck shit up...
Damn, I need an account. Bought eminis at 1972 this morning, just sold 1992. GAY ASS PAPER TRADING FTL
So I waited patiently for AYA to pull back under $36 & bought @ $35.70 on Dec 2nd.
Then I got raped by the news of the trading investigation.
I still hold it & am down $12,000 more or less. GG & sorry Simp.
I could use the loss to offset gains daytrading this year - but I have to sell before Christmas to book that loss.
How can Amaya fuck me again? Well, here's how.
RBC bought $6,000,000 AYA after the close Friday.. Normally you would wonder if this was some end of year positioning & just make a mental note.
bwin.party was jammed $6-7 at the close on huge volume Friday, as well.
Here's a 2 day 5 minute bwin chart just to show the comparative volume..
Something's up.
Now if I sold, I would definitely jump back in at beginning of year. But of course, I have the potential to miss potential merger or just the terrific December numbers .... or they are cleared of wrongdoing.
I would miss the entry. FML
So what you're trying to say is there is some additional insider info trading going on? And they will be in hot water again in 2015 due to this?Quote:
Originally Posted by SanlmarSo I waited patiently for AYA to pull back under $36 & bought @ $35.70 on Dec 2nd.
Then I got raped by the news of the trading investigation.
I still hold it & am down $12,000 more or less. GG & sorry Simp.
I could use the loss to offset gains daytrading this year - but I have to sell before Christmas to book that loss.
How can Amaya fuck me again? Well, here's how.
RBC bought $6,000,000 AYA after the close Friday.. Normally you would wonder if this was some end of year positioning & just make a mental note.
bwin.party was jammed $6-7 at the close on huge volume Friday, as well.
Here's a 2 day 5 minute bwin chart just to show the comparative volume..
Something's up.
Now if I sold, I would definitely jump back in at beginning of year. But of course, I have the potential to miss potential merger or just the terrific December numbers .... or they are cleared of wrongdoing.
I would miss the entry. FML
I'm still glad I jumped out @ 30 when it popped back up the day after, but at the same time I would like some to hold longer term.
I am wiping the slate clean. I am losing my feel and know I am about to tilt.
I am out TASR today. It popped another $2.35 today -->$26.25 I bought day after Ferguson at $20 and rode it. It prolly has more to give. It looks good.
AYA took every cent of that profit. I sold that too.
Had my wife change my passwords to my accounts.
It was a fuck of a year for day trading. There was action from Jan - Dec. This is pretty unusual. If the roulette wheel doesn't spin you can't play. It almost flew off the hub this year.
Gamblebot's VXX play is perfectly timed. Wonder how that worked out.
I am out til next year.
Curious how Chaps made out with Chicago.
You guys are far too degenerate to actually be successful in the investment realm. I haven't read this thread (lol), but after reading Sanlmar's last post I can see your future and let me tell you: it isn't very pretty.
LOL DAY TRADING
LOL @ "STOCK PICKS"; Are you guys subscribed to stock newsletters as well? FFS
:facepalm
OH, I FORGOT..... MASSIVE LOL @ TECHNICAL ANALYSIS
I like you Sanlmar, but it had to be said.
Krypt back home on Christmas break. Launching grenades - tis the season.Quote:
Originally Posted by Krypt
Year end reminisces of a reformed degen.
Years ago, had a young family, house in the burbs and all that.
I virtually blew up my hard earned bankroll. Had an ego & thought I could beat the game. Had a bit of cash left. Stopped paying mortgage, credit cards & all that. Had to have cash to play & get even. Classic.
Collection letters & mortgage foreclosure had started. Family living in the mini van looked probable. Except they were gonna take the Toyota Sienna too.
Well, a guy I formerly prop traded with paid off my mortgage and wrote a formal private loan on my house that left me with a little more free cash. This guy was an old timer and a genius trader. Gifted feel born of experience. I still don't know why he backed me like this.
He wanted to audit my trades. Knowing I had to explain my trades gave me some discipline. Eventually, I fought my way back and paid him off.
I became a certified nit. Flat every night. Patient with setups. Nicking & scalping.
I have been looking back at the 10 year and thinking about 2007-2008. Epic, epic times. Dow tanking 500 or more every day. Absolute fear. I remember trading shit like GE at $6 (now $25). AAPL was a fraction of today. All kinds of stuff.
But I was a nit and just churned my account every day and paid my bills. Locked up a win every day and moved on.
Missed opportunity? Yeah, I guess. Degen? sometimes I wish I had a bit of gamble. It's been beat out of me.
Yo san...thanks for the trading discussion...gets me amped up to go!Quote:
Originally Posted by Sanlmar
I actually entered a short term VXX trade right before helicopter janet took the reigns for last week's fed meeting...did it very small...only sold 20 VXX 50 calls that expire on January 2nd...did this when the VXX was at 34...didn't want to plow into it ahead of the fed, but figured she so fucking dovish and with the holidays coming up volatility would come out of the market...at the time the VXX was trading at 34 there was a little backwardation giving it a small amount of tailwind...she spoke, market spikes 2% in consecutive days and bye bye VXX...sold at 0.79 on the close and by the time helicopter janet had finished the next day the market for those calls was like 0.19 @ 0.23...today the market sits 0.02 @ 0.04...this volatility trade is definitely interesting given the market dynamics...Greece be damned...
this week and next week i'll be looking to sell some SVXY (inverse vol) puts on any upward movement of volatility...I think these next two weeks volatility is going to be subdued as hell (especially this week with a half day Wednesday and closed day Thursday) and I think selling vol premium is the way to go...wasn't able to watch it today, but SVXY was up $2+ today, unfortunately...hoping for a little hiccup tomorrow so I can get some good prices...
still waiting on loading up the gun on a monster VXX trade...just hasn't been there yet...
Posted MDBX on Skatz last week just over 5.50, trading 6.71 right now.
http://www.skatzpoker.org/forums/sho...4&postcount=23
I've been following this wild thang since a little before those real crazy swings from a bit back. This got on some people's radars following that action (I advised Beth Shak to tread carefully when she posted on FB about getting in last year).
Here's a nice long letter from the founder to shareholders from last week.
LOS ANGELES, CA -- ( Marketwired ) -- 12/30/14 -- P. Vincent Mehdizadeh -- Founder and Majority Shareholder of Medbox, Inc. (OTCQB: MDBX) issued a letter to fellow shareholders today regarding his vision for the future of the company and insight into recent developments affecting the company.
The letter stated:
"Dear Medbox Shareholders:
It has truly been an interesting journey during the last 2 years. When I commenced operations of the private company in 2010 that later became Medbox , I never anticipated that the company would be as noteworthy and relevant as we are today. The company has a rare blend of consulting and patented technology that gives entrepreneurs a jumpstart on realizing their dreams of operating a business in a newly emerging industry. I have thoroughly enjoyed watching our client's dreams be realized, along with our shareholders that have watched our company grow and prosper over these years.
Medbox rocketed to stardom and notoriety amidst a positive outlook for the marijuana industry in November of 2012 based on favorable election results and highlighted by several media sources, including the Wall Street Journal , which ushered in what many have called the 'Green Rush.' In the days that followed, the company's stock price saw unprecedented increases that was said to have resulted from investors looking to participate in 'The Next Great American Industry.' Up until 3 months ago, I was involved in almost every decision the company made, and my decision at that time was to caution investors about investing in any company in the marijuana industry because of the inherent risks. We also publicly cautioned investors to temper their expectations about our stock and to make informed investment decisions. The company fielded criticism in doing so, but we felt that separating ourselves from other public company industry participants in our sector and focusing on protecting investors as best we could was a beneficial direction for the company. In my opinion, one of the keys to Medbox's success has been superior corporate messaging and timely dissemination of information to our shareholders.
Since that point in time a little over two years ago, I have made it my mission to take the company from being a non-reporting pinksheet to being a fully reporting SEC Filer. I took it upon myself to set these goals and achieve them for the benefit of the company and its shareholders. We did this to have an increased level of transparency so that investors can think of Medbox as the public company standard for respectability and reliability in the newly emerging marijuana industry that was taking shape. As a result, we engaged a Public Company Accounting and Oversight Board (PCAOB) registered auditor, Q Accountancy Corporation , and also hired a full-time Chief Financial Officer, Thomas Iwanski , a CPA with excellent references and extensive public company experience.
Since the company engaged Mr. Iwanski and Q Accountancy Corporation, I also recruited a star-studded board and together we appointed Guy Marsala to lead the company as the Chief Executive Officer. As it was explained to me, in situations where a new CEO is brought on, they typically look to appoint their own Chief Financial Officer. Thus, when Mr. Marsala decided to replace Mr. Iwanski as CFO, I did not give it a second thought, although I was sad to see him go since his experience with public company oversight was superb.
Today, the company's current management issued a statement regarding the company's financials. Prior management, including Mr. Iwanski and the company's current auditor, both disagree with current management's position on the matter. Both the current auditor and prior CFO have made their opinions known to current management, to no avail. Both have stated that they had support for recognizing revenue in the periods in which they were recognized. However, the company's current CFO has a difference of opinion on that aspect and believes that the revenue in question should be recognized in later periods, which has now resulted in a proposed restatement set to occur. This fact along with the fact that the revenue items in dispute amount to less than 10% of the total revenue booked for 2013, was not accurately discussed in the disclosure released this morning.
As stated previously in this letter, corporate messaging and communication to shareholders is one of the many aspects that made Medbox a great company. I now feel the company is not doing enough to accurately disclose matters in a manner that is easy to understand and digest by the public. Stating that the current CFO has a difference of opinion with the prior CFO and current auditor would have gone a long way to explaining the situation properly. Instead, we have the inaccurate and incomplete disclosure that was released today that leaves the public with more questions than giving them the answers they need to understand the situation.
As we were on a path to transition to NASDAQ and had filed an application to be listed on that exchange, I felt that since I had a checkered past that was disclosed in company filings it would tarnish the Medbox brand if I stayed involved in any capacity other than as a consultant to the company. Although these offenses were non-violent, non-securities related offenses, all of which resulted in probation and all occurring prior to Medbox , I still felt that the company would always be a target of 'short and distort' campaigns by financial bloggers if I remained an Officer or Director. To that end, I recently gave full control to the board and current management to steer the ship and navigate the company properly. Recent events have caused me to call into question whether current management and the board of directors has enough industry experience to properly run this company. It is for this reason that I will be adding industry-experienced members to the board to work with the current board members to more effectively operate the company. I will also be taking a more active role with the company again to ensure our short-term and long-term goals can be achieved.
I believe that a founder's passion separates a typical company from a company that achieves the utmost success. The company needs my help now more than ever, and I intend to fill that need to the best of my ability going forward. I look forward to a strong and prosperous future for Medbox .
Regards,
P. Vincent Mehdizadeh "
About P. Vincent Mehdizadeh , Founder and Majority Shareholder at Medbox, Inc. P. Vincent Mehdizadeh founded Medbox's main subsidiary, Medicine Dispensing Systems, in February 2008 . He commenced operations for that company in 2010, and in December of 2011 sold that company to what became Medbox, Inc. Mr. Mehdizadeh served as senior consultant from December 2012 until May 10, 2013 for Medbox, Inc. and then transitioned to Chief Operations Officer and Board Chairman for Medbox, Inc. through May of 2014. Mr. Mehdizadeh was responsible for creating the 2 main patents behind the company's technology, helping to assemble the talented management team at Medbox , and also developing the concept behind the business models driving revenue for the company.
About Medbox, Inc : Medbox is a leader in the development, sales and service of automated, biometrically controlled dispensing and storage systems for medicine and merchandise. Headquartered in Los Angeles , Medbox , through its wholly owned subsidiary, Medicine Dispensing Systems, offers their patented systems, software and consulting services to pharmacies, alternative medicine dispensaries and local governments in the U.S. In addition, through its wholly owned subsidiary, Vaporfection International, Inc. (www.vaporfection.com),
Oil going down again today. When will it end?
Make the right choice and get rich.
I am against the airlift of food and medical supplies to CanadaQuote:
Originally Posted by simpdog
Quote:
Originally Posted by Krypt
OF COURSE YOUR DUMB ASS HASNT READ THE THREAD. IF YOU DID, YOU'D SEE IT STARTED WITH MY RECO OF BTCS AT .15 AND SEE THAT IT POPPED OVER .50 IN SHORT ORDER. STICK TO DISCOVERING BANDS 30 YEARS AFTER THE FACT.
HEY SAN, I NOTICED U MENTION ME N CHICAGO IN THAT POST QUOTE. SENT THEM MY INFO WITH LINKEDIN LINK IN LIEU OF RESUME. BUT THEN THEY WANTED A RESUME ANYWAY, SO I GOTTA REBUILD IT AND GET IT TO EM.
Don't sweat the resume. Just knock it out fast and let them check off the box. Delay is worse than bad resume.Quote:
Originally Posted by DJ_Chaps
Just keep it brief and let them call you with questions. Be responsive! i am crackin the whip.
I am begging you to do that Nadex demo account. It'll be a story worth mentioning to them. Watching the Currency, commodities & market derivatives won't kill you either. It'll will just sink that needle deeper in the main artery. It's like heroin. The action is so addictive.
Oil 44.71 Fucking amazing. Every single day for weeks it drops without exception.
Currencies all over the place.
Lol Cdn$ .83 special times.
Another late shift til 4am gambling it up.
Made an account on Nadex. Looks like I gotta fill out some IRS form? Even for the demo?
:edit: nvm, made demo acct too. looks like i'll have an acct ready to go live if im able to, lol.
If oil holds at $45.50 stock market could go nuts today
Lol, is nasdaq +100 possible?
Edit: Makes no direct sense but if oil falls to about $45.05 I am out. That is my sell signal
$45.31 now
Damnit I'm into oil now.Quote:
Originally Posted by Sanlmar
As the kids say, just the tip.
I think the VIX play needs to be tabled for now Gamblebot
Every day there is so much chaos in the world markets. Never seen anything like it since the housing crash. Ain't gonna end anytime soon.
I haven't slept in more than 24 hours. I started smoking cigarettes again after many years. I stay up at night trading Forex cause the volume is thinner. (It's like poker bum hunting). Guys during day are just too clever. But then the market opens at 9:30am and it never ends.
The currencies and oil just never stop jamming. Last night the action was in Australian dollar & oil. You read traders daydreaming about ISIS bombing the Saudis. Like this is their silent prayer...
Russia is set to become the latest country to restrict virtual currencies such as Bitcoin. Vote next Parlaiment or whatever their crazy govt is called. There is just no bullish bids out there. It's no fun anymore.
Amaya hit the Spin n Go jackpot yesterday too. +$3. Best million they ever gave away.
Our momo animal GPRO from last summer is coughing up blood. Google RTI (different company) 360 camera. This thing is very cool. Oculus rift + this camera = magic
I am sure you can find better.
RTI Announces Commercial Launch Of 360-Degree Live-Streaming Camera Systems And Proprietary Software
yup haven't done anything crazy...VXX is at 34 and change even with the gyrations we have seen in the past couple of weeks...when shit was falling in October that was up around 42...been selling like 20 lots a couple of weeks out...haven't made the 100% out of the money trades a month out because there has just been no pickup in those...aint selling those for a quarter...not worth it...
sitting on my hands and waiting for a good opportunity...one of those things that ill know when I see...when you see $70-80 options a month out in this thing selling for more than a buck shit is getting real...given the start to the year I think it happens sooner rather than later...nasdaq going for a 100 point positive day would have never reversed as hard as it did today last year..
lol @ GPRO...shock of the century that AAPL or MSFT or GOOG came after the fucking camera on a stick...don't get me wrong its a cool product, but how the fuck that company can be trading at 300-400x forward earnings is beyond laughable when the product can be made by one of the big boys...
Always said cameras are basically a commodity. Saw it cratering and only saw the RTI 360 camera at that point. But I hopped on the slide and then caught the Apple news. GPRO has been a great trader.Quote:
Originally Posted by GambleBotsChafedPenis
Lol, someone told me some fool on CNBC was recommending GPRO on air while it was cratering.
I have been thinking about your VIX play quite often and will take a swing when things get a bit regular again.
Today was crazy. Nasdaq reversal. Embrace it , this is special. Perfect environment for scalping cause longer time frames you are gonna get margin called before you're right.
Good to see you post.
My Nadex acct got suspended. What kinda joke operation is this? Less than one day on the demo and they kill my account? Amazing.
Your trading past caught up with you?Quote:
Originally Posted by DJ_Chaps
Just mention to new prop firm you got banned from a demo acct. Many shared lulz.
Call 'em up. Can't wait to hear this.
If you do get hooked up again, don't bet it all on black. At best you will only get one reload with a little schmoozing.
You wanna experiment with spreads and stuff. Not necessarily trying to run it up.
I replied to a random notification email from an order fill, and got back in.Quote:
Originally Posted by SanlmarYour trading past caught up with you?Quote:
Originally Posted by DJ_Chaps
Just mention to new prop firm you got banned from a demo acct. Many shared lulz.
Call 'em up. Can't wait to hear this.
If you do get hooked up again, don't bet it all on black. At best you will only get one reload with a little schmoozing.
You wanna experiment with spreads and stuff. Not necessarily trying to run it up.
I tried manipulating demo prices(LMFAO), but the offers/bids just seem to reappear even when you take em out.
Sanlmar when is your next seminar for trading on nadex?
There are countless videos on YouTube and elsewhere. Nadex has videos too.
The basic premise is you are making a bet like NFL total wager. I think oil will close over a given price, say $47 in the next 2 hrs, 4 hrs, day, week
If you are right, you double your money.
You can bet opposite.
You can cash in before expiration if it looks like you are winning and someone else wants to buy. You can limit losses if it looks poor and sell early too.
You can get fancy and do spreads and other esoteric stuff too.
$100 to load account. $1 a trade. You can bet as small as you want.
It's a cheap way to play Derivatives of currencies, stock market, even Bitcoin without Forex or margin.
It's a cheap thrill and an experience if nothing else.
What's the limit? Is there so much action the sky is the limit?Quote:
Originally Posted by Sanlmar
You can go big enough. This Bovada for commodities. Forex is a better gamble. But I think it has its place and is a great education.Quote:
Originally Posted by simpdog
Forex trading with margin is like a lighter in a meth lab.
Here's a link.
http://www.nadex.com/position-limits.html
I'll fucking kill you if you deposit more than a grand. If you are good you can run that up. If you are not then you don't need more.
Learn how to bet and learn how the trading "feels". Most of all, you gotta learn to love trading. Don't bet it all on red.
I'll start reading up after football finishes. Always need something to cure the fix, and I need to let my stocks sit for months.Quote:
Originally Posted by SanlmarYou can go big enough. This Bovada for commodities. Forex is a better gamble. But I think it has its place and is a great education.Quote:
Originally Posted by simpdog
Forex trading with margin is like a lighter in a meth lab.
Here's a link.
http://www.nadex.com/position-limits.html
I'll fucking kill you if you deposit more than a grand. If you are good you can run that up. If you are not then you don't need more.
Learn how to bet and learn how the trading "feels". Most of all, you gotta learn to love trading. Don't bet it all on red.
The casino stocks got hammered again today. Sands (LVS), MGM, WYNN. Trading around 2 year lows generally.
There is so much bad news but Wall Street Journal posted story about Fincen taking a hard look at money laundering and 3rd party bets at sports books. Small mention of high stakes poker games too.
There's no trade IMO. Just a fucked up industry going through some suffering.
NH is selling bacon-scented “I heart bacon” scratch-and-sniff cards for $1, with a maximum payoff of $1,000.