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Food Additive Giants: Macro Fib SchematicsThese food additive companies manufacture agricultural ingrediants and additives that nakes its way to prodcust in grocery stores. Archer Daniels Midlands Co, Bunge Limited, International Flavors & Fragrances, Ingredion Inc, DuPont De Nemours, LyondellBasell Industries, Kerry Group, and Givauden are arguably the largest in this type of category. These companies pump out things that humans consume and some argue that much of it is not healthy which is a different topic. These Fibonacci Schematics are not great but they are good enough. Sloppy, but I would like to see someone do it better without excluding any important levels...
NYSE:BG
by MichaelBsul
Still think USO is a great way to invest in Oil?An Interactive Broker trader with a $77,000 account thought he would outsmart every institution and every big Oil trader, the result? A $9 million loss. Well done. IB normally doesn't take beginners, you need 2 years experience to trade FX with them (haven't checked futures so I don't know what the rule is for those), and the min account size is 10,000. This day trader (go figure) thought he was smarter than every one, and he went all in, he bet the farm. This alone is stupid, but he went all in without doing his research! Probably a "technical analyst". Weird, I thought magical esoteric TA told you everything you need to know, that everything was built in the chart and info not in the chart was useless noise. Didn't his magical TA tools tell him it would go negative? Well actually if he looked at the ATR / implied volatility he would have seen.... Even I, that has negative balance protection and guaranteed stops, went on the CME site to check announcements. They don't exactly talk about negative prices nor clearly about limit up limit down, but here, with Oil massive volatility, they did confirm that yes indeed they were prepared for negative prices. Thomas Peterffy (the hungarian market billionaire that is not George Soros) said 5 days wasn't enough for IB to update their platform and that's obviously true. Now maybe they should have warned people with messages on the interface, e-mails, maybe set some hard limit to what their clients can do. Maybe they should have had code ready at all time in case this happens. Maybe they share the fault, maybe not. But anyway, being a customer friendly broker, they absorbed losses over 100 million. Meanwhile I did my research, I shorted June contract and made money, and I'm fighting with my shady broker to withdraw some of my gains... They have been condemned by the french regulators years ago for shady business practices go figure, but every retail broker has! And the vast majority of their clients are retail. I'm waiting and waiting and waiting... I have resisted insulting them or calling the regulator for now. The only other broker to give me a hard time was Kraken. They mention anti laundering laws and more, and I understand, but why be so unclear, and ask for documents 5 times rather than all at once, and why ask for the same documents several time, and why be so difficult, only when someone made money? Short Bitcoin on Kraken which was clearly very pro bull, short Oil on *** which had a massive number of retail short sellers (they were on the June contract thought), and then it's an issue. Never had a single problem buying Bitcoin and sending it to a wallet, never a problem when losing money, extreme ease to deposit and start paying commissions, without any warning "getting it out will be very hard". "It's quick instant easy" ye sure, no it's not. The fund running USO clearly said it was a tool for short term bets. It's not made for massive hoardes of dumb money to buy and hold. They have spread over several months to be more nimble, ye looks like its working great! I heard reverse splits were a good sign, that it was smart to invest in a stock after it made a reverse split. Once again, retail that never in their lives made money consistently, thought they knew better than every one else, and that they would get rich quick. Once again, I warned people with what little visibility I had. Once again I was right and retail is getting wiped out. Bagholders are going to argue, they are going to say "just wait", and any spike up will be their celebration and "told you so" "this is it". Same old story. They'll keep arguing, they'll keep bagholding, they'll keep losing. Dumb money at its finest: never understand when you lost. You can never tell them "told you so" because in their mind it's always just a matter of time. When it gets delisted they'll have no choice but to understand they lost, and still then they'll go full lawsuit and dream of getting their money back. How long for this? 5 years? 10 years? Apple Sapphire screen bagholders as I posted recently have gotten like 4% of their money back on average. An average smart (average of the ones in the top) investor or speculator in 10 years will be up 15% compounded, so +300% (turn the total into 400%), and dumb bagholders that wanted to get rich quick "15% a year looool that's pathetic" will be spending their time in courts and dreaming of getting 4% back (turn the total into 4%). Delusion at its finest. There is no free lunch... If Oil was priced at $0.01 there was a very good reason for it. Oil traders weren't just selling at this price because "emotions" "rsi very oversold". It's so risible that some complete noobs that don't understand anything they are doing thought they are just so much smarter than the market, and that whales were just "being emotional" and selling a barrel of Oil at $5, $3, etc just because they were "scaaaaared". Homer Simpson really thought "Aha! Whales are selling Oil at $1 a barrel but they are scared. I, Homer J Simpson, know something they don't! Oil is worth more. I am a visionary!" It's like when Homer went hunting for a Turkey, he just put a nice plate down with rice and other food in, then shouted "Come on Turkey come join your friends" and pointed the gun towards the plate with a big smile on his face, fully convinced a Turkey would jump in his plate. I thought the Simpsons were ridiculous and overly exagerated when I was a kid. How wrong I was. My broker lets me set an order to short USO. Oh my, I sure know what I'm going to do! 2 possibilities actually. The Difference Between Stupidity and Genius Is That Genius Has Its Limits.
NEducation
by MrRenev
8
SBEV Walmart distribution deal, and make sure to read the restSBEV is pretty crazy, they just got a distribution deal with Walmart and Ralph's 187 Grocery Stores . The ceo keeps locking in deals week after week. His name is Robert Nistico, he was a former VP at Redbull, the 5th employee that led the start-up from zero sales to $1.45 billion. Keep in mind this guy is well connected in the beverage industry. He's even branding his companies with celebrities and athletes and growing sales for all of the brands owned by Splash Beverage Group, which is a lot of them, I listed them below, the links are the brands SBEV owns. Keep in mind current market cap is so low that the company is an acquisition target. They could very well get acquired soon. If SBEV doesn't get acquired, at this pace, they will continue to grow, locking in deals, and possibly acquire additional brands to take the company to the next level. Brands owned by Splash Beverage Group (SBEV) tapoutdrinks.com www.drinksalttequila.com www.copadivino.com www.pulpo-loco.com So where does SBEV go from here? In my honest opinion $15-$20 per share but if the shorts get piled up at $10-15 then SBEV could possibly reach $40 to $50 per share from a short squeeze. Similar to what happened with AMC and GME AMC Entertainment (NYSE:AMC), and GameStop (NYSE:GME) Please share my research with others if you found it useful, thank you so much.
AMEX:SBEVLong
by Bitplaza
$GME - Next GME Bull Cycle is hereThe next GME bull cycle is here. Aug 24 - Sept 02 bull run, to unknown price range. Possible continuation until the 8'th of Sept. 9'th of September futures rollover we will either MOASS or drop down significantly as we did in March and June and wait until the next cycle and repeat. All in all, the general floor is increasing by $10-20 every cycle so if you held for a few years at a good price (let's say $150, you'd be golden). The ceiling for the other side of the trade is decreasing which is why i have doubts we'll touch $300's again. If we go beyond $260 in my opinion, that's margin call territory. On September 1, their margin requirements for SWAPS/Futures increase x 25 due to Phase 5 of UMR. That will put significant strain on "them" and perhaps deny them the ability to rollover the GME Swap Future position into the next quarter. Regardless they will take a loss on it and we will runup to 'some' price in the next 2-3 weeks. If the margin requirements are too hard on them which they should unless they are exempt, this should/could be marge calling, but regardlesst of that, there WILL be a runup, it's just a question of whether this is the one or not. If its not this one, it could be the next one. Buy & Hold www.reddit.com
NLong
by leenixusu
8
LTC: The Calm before the StormLTC is now trading around a very critical level. Thus, a Long position can be easily spotted for several reasons: 1. Fibonacci Retracement: Price is around 61.8% which is a very important level acting like a support here. 2. Formation of Pattern: A double bottom could be formed in the next few hours and it is clear that if the price rejects the 61.8% it means that a DD has formed on the hourly timeframes. 3. Cryptocurrency Influence: Cryptocurrencies and especially BTC and ETH are far from the selling idea, adding more confirmation into traders minds that cryptos are never to be sold. Will it bounce back as the speculations are for the other cryptocurrencies ? Time will tell. Trade Safe and Best of Luck ! MacroForex
CLong
by Therealsmaira
2