Investing General Discussion

Kithani

Blackwing Lair Raider
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Didn't every Rite Aid get bought by Walgreens already?

NM, only half got bought.

Jesus, how do you go out of business selling pharmacy drugs and bottles of shampoo for 20 dollars each?
PBMs and people shoplifting Shampoo
 

Sanrith Descartes

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Starting to see some inversion recovery in Treasuries. Long dated bond yields moving higher more than short dated. The 3 and 6 month notes still Kings though.

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Jysin

Ahn'Qiraj Raider
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Yep, $TLT down 1.8% but indexes are at high of days. Let's see which one flinches first.
 
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Sanrith Descartes

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Yep, $TLT down 1.8% but indexes are at high of days. Let's see which one flinches first.
We are in the area of excitement right now. SPY has been bouncing off that long-term overhead resistance at $437 and now we have the descending 50-DMA and the 100-DMA sitting right on top.

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Sanrith Descartes

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Closed out my Nov SPLG puts on this morning's run up. All my puts are currently closed.
 
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Mist

REEEEeyore
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Didn't every Rite Aid get bought by Walgreens already?

NM, only half got bought.

Jesus, how do you go out of business selling pharmacy drugs and bottles of shampoo for 20 dollars each?
Oh wait, I figured it out. I remember places where there were a CVS, a Rite Aid, and a Walgreens all within a quarter mile of each other, and then another CVS less than 2 miles away.
 

Falstaff

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I’m out of SPIR. Ate the loss just couldn’t see this thing recovering.
Sold some BP @ 40 to make myself feel better. I bought in at the low 30s right before Ukraine so I made a few bucks on it.
 
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Jysin

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08:46 (US) Biden administration confirms plans to halt shipments to China of more advanced AI chips designed by Nvidia and others (as expected)
- Nvidia's A800 and H800 chips will be hit by the new regulations, due to a change in chip parameters aimed at capturing a greater number of chips
 

Sanrith Descartes

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5 straight failed attempts by SPY break above the overhead resistance at $437.57

1697551435548.png
 
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Sanrith Descartes

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Gee, I wonder if anyone had advanced warnings of the White House's decision to ban advanced NVDA chips to China? Look at that price movement the last 3 days. I bet Paul Pelosi sold NVDA on Thur/Fri.

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Blazin

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Good to note this, as IWM lead the weakness before the market came off the year's highs recently. It's been a monster today.
I like IWM strength but we are also below the 200d which is going to flatten out and start declining if we don't get a sizable rally soon.
 
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