Society Corona - Stock Market thinktank
- Thread starter so long
- Start date
Credit to @CIRE over at the OG for pointing this link out:
View: https://twitter.com/IAPolls2022/status/1573417878946451456?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1573417878946451456%7Ctwgr%5E9c91373f1d48d5eba8dd34b19c1155d667d60ace%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2022%2F09%2Fpresident-trump-warned-us-biden-elected-stock-market-will-crash%2F
View: https://twitter.com/IAPolls2022/status/1573417878946451456?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1573417878946451456%7Ctwgr%5E9c91373f1d48d5eba8dd34b19c1155d667d60ace%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2022%2F09%2Fpresident-trump-warned-us-biden-elected-stock-market-will-crash%2F
But at least they don't have to hear orange man. They're broke, but no longer triggered.
They have.
But the current level is on the high end of what was considered normal. The lumber market spikes during Covid were insane.
If you pull the chart back 20 years it looks more like a correction than it does a crash.
Mills are curtailing work at these levels. Well, they call it maintenance. But they're going to try to take some lumber out of the market to coincide with the reduction in residential builds.
Commercial builds are actually picking up after being delayed for the last 2 years.
Who knows where the market finds a home - but if we drop below $400, I don't think it will be for long.
No. just watching at this point. Got my dry powder ready to go. There's some deals out there for sure, but they probably get even cheaper before heading back up.DOW up 500+ yesterday. About to open down 250 today. You day trading this@Hauler ?
Been a long wait fellas. $INQD LOI is due to be executed by Friday.
10-year treasury yield dropped
So think we've reached the bottom?
Up another 3.6% today.
If the market keeps rallying, they might be timing this just right.
The lower yield suggests we might be seeing the Fed step back from their aggressive hikes. I'm sure that's the reason for the rally. Who knows if it continues, but it's a positive signal. And there are a LOT of stocks currently on sale sitting close to their 52 week lows.
Leslie is a wizard. I saw someone predict October for a market rally based on average length of past recessions. Hope they were right.
If I had more cash to spare I'd throw some toward $TXTM. Impressive rally themselves as of late. They're another hemp/cannabis concentrate play out of South Africa.
Another $INQD delay. Expect a nasty dip. Still holding.
AUSTIN, Oct. 07, 2022 (GLOBE NEWSWIRE) -- AUSTIN – The management teams of Indoor Harvest Corp. (OTCPK: INQD) (“Indoor Harvest”) and Electrum Partners, LLC continue to work towards the completion of the transaction as previously communicated.
As the due diligence process has continued, increased focus on post-transaction international supply chain and distribution channels has opened additional previously unanticipated opportunities. The companies are working together to better understand and explore more in depth these potential opportunities from a domestic and international perspective and will continue due diligence with the desire and goal to complete the process as quickly as possible.
INQD CEO, Leslie Bocskor, stated “Progress is good. Responsible progress is a must. We will take the required time to assess and evaluate, bearing in mind the mutual goal of maximizing the returns of all potential opportunities, while being cognizant of tax issues, structural issues, due diligence, audit and other financial, governance, capitalization, communications, and compliance components of the proposed transaction.”
We continue to operate within a framework of building long term value, and are doing the heavy lifting daily to achieve, and even exceed our own internal expectations. Our commitment to quality, integrity, and shareholder value remains at the forefront of our focus. Our initially targeted October 7th date to consummate the transaction between Indoor Harvest and Electrum Partners will be delayed in a responsible manner with the goal to formally complete this transaction as quickly as possible. The Company will continue to communicate updates as we progress towards these goals.
AUSTIN, Oct. 07, 2022 (GLOBE NEWSWIRE) -- AUSTIN – The management teams of Indoor Harvest Corp. (OTCPK: INQD) (“Indoor Harvest”) and Electrum Partners, LLC continue to work towards the completion of the transaction as previously communicated.
As the due diligence process has continued, increased focus on post-transaction international supply chain and distribution channels has opened additional previously unanticipated opportunities. The companies are working together to better understand and explore more in depth these potential opportunities from a domestic and international perspective and will continue due diligence with the desire and goal to complete the process as quickly as possible.
INQD CEO, Leslie Bocskor, stated “Progress is good. Responsible progress is a must. We will take the required time to assess and evaluate, bearing in mind the mutual goal of maximizing the returns of all potential opportunities, while being cognizant of tax issues, structural issues, due diligence, audit and other financial, governance, capitalization, communications, and compliance components of the proposed transaction.”
We continue to operate within a framework of building long term value, and are doing the heavy lifting daily to achieve, and even exceed our own internal expectations. Our commitment to quality, integrity, and shareholder value remains at the forefront of our focus. Our initially targeted October 7th date to consummate the transaction between Indoor Harvest and Electrum Partners will be delayed in a responsible manner with the goal to formally complete this transaction as quickly as possible. The Company will continue to communicate updates as we progress towards these goals.
Yikes. Rebounded quickly after 50% drop on open. No new date was given so news could drop at at any moment, or it will bleed out to zero. I still have faith.
What a ride you've been on with that stock. I really hope it hits big for you man. Seriously.