If only we did this here

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JohnDB

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China stopped their opium problem by first legalizing it... subsidized the production of opium and made it so cheap the opium importers all went broke...

Then one day declared it illegal and began executing all those who continued to sell it.
 

Josho

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JohnDB

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Hmmmm Gamestop, well Silver stocks rocketed on Monday 40% to above 70% in one day, due to rumours that it could be driven up to $1000 an ounce, the next day silver stocks dived....

It sound like Reddit's WallStreetBets has been playing a bit with the market.

Yes...
Today I played two different stocks.

Amazon and a bio pharm.

I should have cut my losses on bio pharm but I'm long it...
Amazon had earnings reported today so I shorted it...
And I had a feeling about it...doubled down on it too. But in the end chickened out with only $350+ up at the end of the day...if I had hung in there with my convictions I'd have walked away with over $1000.

The math, the model, and a fair amount of educated guessing were right today...with bells on baby!

I hadn't played in a long time. (30 years) but the mechanics are still the same.
 
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Josho

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Yes...
Today I played two different stocks.

Amazon and a bio pharm.

I should have cut my losses on bio pharm but I'm long it...
Amazon had earnings reported today so I shorted it...
And I had a feeling about it...doubled down on it too. But in the end chickened out with only $350+ up at the end of the day...if I had hung in there with my convictions I'd have walked away with over $1000.

The math, the model, and a fair amount of educated guessing were right today...with bells on baby!

I hadn't played in a long time. (30 years) but the mechanics are still the same.

Ah, I am new to stock trading, I got some silver shares the other day, and it rose heaps on Monday, I chickened out early and had a 24% profit, but it could have been a 49%, if I got out at the end of the day, so when I saw they were still rising, I bought back, and the next day they dived back down haha, OUCH!!!

My aim at the moment is short term trading with a small amount of money and growing that small amount.

Anyway I am learning
 
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JohnDB

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Silver bets were losers today...I guess I could have played that too...but taking the kids money away from them isn't exactly what I am all about...others don't have such a compunction.
 
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JohnDB

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Ah, I am new to stock trading, I got some silver shares the other day, and it rose heaps on Monday, I chickened out early and had a 24% profit, but it could have been a 49%, if I got out at the end of the day, so when I saw they were still rising, I bought back, and the next day they dived back down haha, OUCH!!!

My aim at the moment is short term trading with a small amount of money and growing that small amount.

Anyway I am learning

So...if you have done your homework you will know what I am about to say.

I played the top of the wycoff spring on Amazon. It was a great ride.
Buy on rumor sell on fact. And amazon reported today...and hogs get slaughtered.

Bio Pharm is a value play. It's making lots of sales and has a great look. Should be good to go back over $610. (US)
 
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JohnDB

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We should execute people because.....
If people were executed for clear cut cases of bribery instead of "White collar Jail" then a lot of the abuses of power would go right out the window and stop.
 

WaterSong

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If people were executed for clear cut cases of bribery instead of "White collar Jail" then a lot of the abuses of power would go right out the window and stop.
Executing all concerned/involved in the bribery?
Where then does it stop, using the same logic?