GBA Presents: House of Gummy-!

Oh baby--

Furthermore, the Company recently filed the Form S-3 registration statement which was declared effective by the SEC on September 29, 2023. The Form S-3 is an unallocated universal shelf registration statement for $300 million of securities of FingerMotion of which only $25 million has been allocated to an at-the-market offering. The Company is aware that any fund raising at current levels would be entirely too dilutive to the shareholders and the Form S-3 is in place to enable thoughtful access to capital should the need arise. The Company has no current plans in place to utilize the ATM but has made the allocation in the best interests of its shareholders given the prolonged uncertainty and volatility in the capital markets.
 
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Van has watched the S&P 500 rise about 10% so far this year.
The S&P 500SPX+0.58% has gotten hit hard, dropping close to the key level of 4200. If it can’t hold steady there, steep losses from here are likely.

The index has dropped just over 8% from its intraday high of just over 4607, hit in late July. The main driver has been the Federal Reserve’s plan to keep short-term interest rates high for a longer period than markets had previously anticipated, as the central bank continues to try to tamp down inflation. Elevated rates have also caused the 10-year Treasury yield to surge recently, and higher long-dated bond yields make future profits for companies less valuable.

Now, the S&P is at just over 4200. That’s key because, when the index rallied to get close to that level in 2022 several times, sellers came in at 4200 to knock it lower. At the time, investors were concerned about the economic impact of rising rates. Early this year, buyers finally came into the market at 4200, sending the S&P 500 surging from there, as markets anticipated a stabilization in rates and a growing economy.

If the index holds the line at 4200, that would indicate that buyers are still interested in stocks at that level and the S&P 500 could keep rising. If it breaks below that level, that signals those buyers have gone away and the market is losing confidence in the macroeconomic outlook. Such selling would make harsher losses more likely. The next level of buying “support” for the S&P 500 is around 4000, a level that would represent nearly a 6% drop from current levels.


That could be enough downside to keep even long-term investors away from the market, and yet there’s no guarantee that the index will hold at 4000. The index did trade at just over 3800 earlier this year. If the losses below 4200 are steep enough—think about 1% drops for the S&P 500 in one day—the index could be headed for that level.

The 3800 area is a major support level. Buyers came in at that level four times since the second half of 2022. A drop to that point wouldn’t be out of the question, however, if the 4200 level doesn’t hold strong.

Watch what the market does around 4200. It will be very telling.

>>>>>>>>>>>>>>>>>>>>>>>>>>>

If you remember these were all of the GBA points on the way up and the author is 100% correct.

If we fail 4,200 we could end up at 3,800.

To get there we would have to have the recession angle come up again.
 
I need to work on my own nervous system now. My last Dog, I had horrible struggles with but he had cancer-- in the end he did have a heart attack on top of me and this event today triggered a bunch of bad memories.

Beautiful Bacchus is 9.
 
THE SAVANT SAYS

Let me leave you guys today with another stoney SAVANT moment.

I was emailing back and forth ideas with my guy and we are looking for non obvious 2nd tier AI plays and I know a few, he throws them away, it goes on like that--

But now that I am sitting here and craving lemonade... it occurs to me that is exactly the kind of stk that is going to move here...

BUY LMND-


GBA Upgrade: Lemonade, Inc. (LMND)*******
11.32+0.26 (+2.35%)
As of 12:30PM EDT.

 
stonedinvestor said:
THE SAVANT SAYS

Let me leave you guys today with another stoney SAVANT moment.

I was emailing back and forth ideas with my guy and we are looking for non obvious 2nd tier AI plays and I know a few, he throws them away, it goes on like that--

But now that I am sitting here and craving lemonade... it occurs to me that is exactly the kind of stk that is going to move here...

BUY LMND-


GBA Upgrade: Lemonade, Inc. (LMND)*******
11.32+0.26 (+2.35%)
As of 12:30PM EDT.

More...
No opinion on LMND, but I'll give you the trade you should make in your son's account.

I would sell TTWO here at $139, and buy Este Lauder at $141.
You'll do much better between now and Jan 1.
 
stonedinvestor said:
THE SAVANT SAYS

Let me leave you guys today with another stoney SAVANT moment.

I was emailing back and forth ideas with my guy and we are looking for non obvious 2nd tier AI plays and I know a few, he throws them away, it goes on like that--

But now that I am sitting here and craving lemonade... it occurs to me that is exactly the kind of stk that is going to move here...

BUY LMND-


GBA Upgrade: Lemonade, Inc. (LMND)*******
11.32+0.26 (+2.35%)
As of 12:30PM EDT.
More...
Why are you playing with 52 Week lows like NEE and LMND? Time for Darvas 101 class.

11.58 USD-2.15 (-15.66%)year to date

50.97 USD-32.86 (-39.20%)year to date
 
TrailerParkTed said:
Sino Paper said that about Muddy Waters report, remember? Canadian analysts defended the fraud? Which hedge fund lost $500 million on it?

How Carson spots a fraud.











https://www.businessinsider.com/ori...d-muddy-waters-target-carson-block-2011-6?amp
More...




https://money.cnn.com/2012/05/02/markets/muddy-waters-carson-block/index.htm






“But Muddy Waters' most prominent takedown was of Chinese timber company Sino-Forestlast year. The firm's accusations of fraud triggered a massive sell-off in shares of the Toronto-listed company before they were eventually suspended. The drop in Sino-Forest's price forced hedge fund high roller John Paulson to book deep losses on the stock.

Though Muddy Waters is continuing to research more Chinese companies, Block also said his firm has been probing companies "outside the China realm" and will likely take a short position on a non-Chinese company sometime this year, potentially in another emerging market.

"I tend to be a little bit skeptical of what I've seen in emerging markets," said Block. "There seems to be a lot of froth there, and where you see that, you typically find wrongdoing and fraud, and that's our expertise."
 
vanzandt said:
No opinion on LMND, but I'll give you the trade you should make in your son's account.

I would sell TTWO here at $139, and buy Este Lauder at $141.
You'll do much better between now and Jan 1.
More...
Este Lauder----> $142.38
TTWO-----> $139.63
:rolleyes:
 
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