Stocks and Trading Thread - Channeling your inner Mono

[Barrister]

Yep, that was it.  I was attracted to Shaw because their dividend yield was pretty good.  As I recall, the tax was deducted automatically by my broker...it was a relatively trivial amount, and I never followed up on the legalities of it.

I was wondering why Shaw specifically - I mean it's a fine company, but not one I'd go out of my way to invest in a foreign jurisdiction.  But that makes sense.

[crazy canuck]

Yep, that was it.  I was attracted to Shaw because their dividend yield was pretty good.  As I recall, the tax was deducted automatically by my broker...it was a relatively trivial amount, and I never followed up on the legalities of it.

I was wondering why Shaw specifically - I mean it's a fine company, but not one I'd go out of my way to invest in a foreign jurisdiction.  But that makes sense.

It is a bit of a darling stock for people who pursue a dividend income strategy.

[viper37]

Not Spotify?  I know that is listed on the NYSE.

no, another company that does not seem listed in NA, only on Europe's stock exchanges. 

[garbon]

Tesla announces purchase of $1.5 billion in bitcoin.  Questions whether he was manipulating the price in his tweets.  Tesla shares up.

What's the play here for Tesla? Hope that they can help drive bitcoin to be firmly entrenched in the mainstream?

[Tamas]

Tesla announces purchase of $1.5 billion in bitcoin.  Questions whether he was manipulating the price in his tweets.  Tesla shares up.

What's the play here for Tesla? Hope that they can help drive bitcoin to be firmly entrenched in the mainstream?

Or be the #1 choice for drug dealers?

[Admiral Yi]

What's the play here for Tesla? Hope that they can help drive bitcoin to be firmly entrenched in the mainstream?

Speculation?  PR?  It looks pretty fruity to me.

[Admiral Yi]

Pot stocks exploding.

[Admiral Yi]

Did some big news just hit that we all missed?  Share prices just suddenly dropped.

Took advantage of the drop in Tesla to sell a 2/12 put @740 for $494.

[Valmy]

Pot stocks exploding.

There are rumors that Congress is going to decriminalize pot nationwide.

[Habbaku]

Pot stocks exploding.

There are rumors that Congress is going to decriminalize pot nationwide.

[Admiral Yi]

There are rumors that Congress is going to decriminalize pot nationwide.

I don't think the federal government has that authority.

Might you be confusing discussion of legalization of banking by pot producers?

[Valmy]

I don't think the federal government has that authority.

Ok Mr. Pedant. I meant the rumor is that they are not making it a Federal Crime anymore. States are, of course, welcome to continue to make it a crime.

[Barrister]

There are rumors that Congress is going to decriminalize pot nationwide.

I don't think the federal government has that authority.

Might you be confusing discussion of legalization of banking by pot producers?

My understanding is there has been no end of confusion because pot has been legalized in some US states, but remains illegal federally.  Obama decided not to prosecute federal drug laws in jurisdictions which legalized it but the law remains on the books which is what has caused the banking problems you mentioned.

But yes if pot is legalized federally it would remain illegal in states that have laws against possessing it.

[Sheilbh]

And Sessions absolutely loved using the DoJ against pot. While, as you say, Obama didn't and Barr didn't.

[Admiral Yi]

To clarify, you guys are saying possession, use, or distribution without an interstate commerce nexus are federal crimes?

I blew it on the Tesla put.  Should have sold a much, much longer option to lock in that premium.  Wasn't thinking clearly.