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铭帅

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- 铭帅铭帅
  ·2022-04-12
  $Exela Technologies, Inc.(XELA)$up
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- 铭帅铭帅
  ·2021-09-22
  $Sundial Growers Inc.(SNDL)$to the moon..
  House OKs bill to facilitate banking for cannabis companies
  The U.S. House of Representatives approved a bill enabling banks to do business with cannabis compan
  House OKs bill to facilitate banking for cannabis companies
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- 铭帅铭帅
  ·2021-08-05
  $Sundial Growers Inc.(SNDL)$to the moon
  Sorry, this post has been deleted
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- 铭帅铭帅
  ·2021-07-14
  $Exela Technologies, Inc.(XELA)$the game is over?
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- 铭帅铭帅
  ·2021-07-13
  $Exela Technologies, Inc.(XELA)$tonigh $5?
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- 铭帅铭帅
  ·2021-07-11
  wow
  索普和西蒙斯：两位教父级投资大佬的传奇人生
  他们都出生于30年代，自幼天赋异禀、身在学术圈但都一心向钱，有两个共同的母校。
  索普和西蒙斯：两位教父级投资大佬的传奇人生
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- 铭帅铭帅
  ·2021-06-30
  To the moon
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- 铭帅铭帅
  ·2021-06-06
  sndl $20
  AMC and Other Meme Stocks Boom Again. What Will Erupt Next?
  Are meme traders running out of fresh ironic picks? AMC Entertainment Holdings just went on its seco
  AMC and Other Meme Stocks Boom Again. What Will Erupt Next?
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- 铭帅铭帅
  ·2021-06-04
  sndl $20
  Here's Why Sundial Growers, Tilray, and Other Cannabis Stocks Soared Today
  Major employers are signaling their growing support of marijuana reform.
  Here's Why Sundial Growers, Tilray, and Other Cannabis Stocks Soared Today
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- 铭帅铭帅
  ·2021-05-31
  $Sundial Growers Inc.(SNDL)$up
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href=\"https://ttm.financial/S/XELA\">$Exela Technologies, Inc.(XELA)$</a>up","listText":"<a href=\"https://ttm.financial/S/XELA\">$Exela Technologies, Inc.(XELA)$</a>up","text":"$Exela Technologies, Inc.(XELA)$up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017830915","isVote":1,"tweetType":1,"viewCount":436,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":869722878,"gmtCreate":1632323297294,"gmtModify":1676530753627,"author":{"id":"3578658728140768","authorId":"3578658728140768","name":"铭帅","avatar":"https://static.tigerbbs.com/df8a4e130264ce2845db191fbedceee5","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3578658728140768","idStr":"3578658728140768"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>to the moon..","listText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>to the moon..","text":"$Sundial Growers Inc.(SNDL)$to the moon..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/869722878","repostId":"1146246652","repostType":2,"repost":{"id":"1146246652","pubTimestamp":1632304034,"share":"https://ttm.financial/m/news/1146246652?lang=&edition=fundamental","pubTime":"2021-09-22 17:47","market":"us","language":"en","title":"House OKs bill to facilitate banking for cannabis companies","url":"https://stock-news.laohu8.com/highlight/detail?id=1146246652","media":"seekingalpha","summary":"The U.S. House of Representatives approved a bill enabling banks to do business with cannabis compan","content":"<p>The U.S. House of Representatives approved a bill enabling banks to do business with cannabis companies without fear of penalty,Bloomberg reports.</p>\n<p>The so-called SAFE Banking Act would be a boon for marijuana companies, which have so-far used to deal in cash because of federal restrictions, which implied extra security costs and logistical problems.</p>\n<p>The measure was approved by voice vote as part of the <a href=\"https://laohu8.com/S/NHLD\">National</a> Defense Authorization Act (NDAA) for fiscal year 2022.</p>\n<p>Representative Ed Perlmutter, a Colorado Democrat, who had re-introduced the bill, in atweet stated, the Act will strengthen the security of financial system.</p>\n<p><img src=\"https://static.tigerbbs.com/3c2d6d0152f553d8627bc33f89fa4ed4\" tg-width=\"530\" tg-height=\"282\" referrerpolicy=\"no-referrer\"></p>\n<p>However, the bill’s prospects are unclear in the Senate.</p>\n<p>The U.S. Cannabis Council called the current rules that require marijuana firms to be all-cash a security hazard.</p>\n<p>BTIG analyst Camilo Lyon said in a research note that the SAFE Act’s inclusion with the defense authorization might enhance its prospects.</p>\n<p>“Discussions with our D.C. contacts suggest it has an easier pathway of getting through the Senate, largely because no senator wants to be viewed as holding up the massive 1,700 page must-pass NDAA simply because of SAFE banking,” Lyon wrote.</p>\n<p>Also, Senate Banking Committee Ranking Member Pat Toomey (R-PA), has previously voiced support for advancing the SAFE Banking Act.</p>\n<p>Recently, at the Rules Committee&nbsp;hearing on Monday, Rep. Warren Davidson (R-OH) spoke in favor of adding marijuana banking to the defense bill, arguing that there’s a “national security issue” related to illicit drug trafficking that the SAFE Banking Act could help to address.</p>\n<p>Advocates who support broader cannabis reform said the banking measure is a good first step.</p>\n<p>As of now, some 36 states now allow medical or recreational use of marijuana.</p>\n<p>Multi-state operators: Trulieve Cannabis(OTCQX:TCNNF); Harvest Health &amp; Recreation(OTCQX:HRVSF); Curaleaf Holdings(OTCPK:CURLF); Acreage Holdings(OTCQX:ACRHF); Cresco Labs(OTCQX:CRLBF); <a href=\"https://laohu8.com/S/GNBC\">Green</a> Thumb Industries(OTCQX:GTBIF); and MedMen Enterprises(OTCQB:MMNFF); TerrAscend(OTCQX:TRSSF); Ayr Wellness(OTCQX:AYRWF).</p>\n<p>Cannabis distributors: OrganiGram Holdings(NASDAQ:OGI); Cronos Group(NASDAQ:CRON); HEXO(NASDAQ:HEXO); Aurora Cannabis(NASDAQ:ACB); Canopy Growth(NASDAQ:CGC); Tilray(NASDAQ:TLRY),&nbsp; Sundial Growers(NASDAQ:SNDL); and GrowGeneration(NASDAQ:GRWG).</p>\n<p>ETFs: Gobal X Funds - <a href=\"https://laohu8.com/S/EFFE\">Global X</a> Cannabis Etf(NASDAQ:POTX); <a href=\"https://laohu8.com/S/MJX\">ETFMG Alternative Harvest ETF</a>(NYSEARCA:MJ); <a href=\"https://laohu8.com/S/YOLO\">AdvisorShares Pure Cannabis ETF</a>(NYSEARCA:YOLO); Amplify Seymour <a href=\"https://laohu8.com/S/THCX\">Cannabis ETF</a>(NYSEARCA:CNBS); <a href=\"https://laohu8.com/S/SOVB\">Cambria ETF Trust</a> - Cambria Cannabis ETF(BATS:TOKE); Spinnaker ETF Series - The Cannabis ETF(NYSEARCA:THCX).</p>\n<p>Earlier in July, House committee cleared cannabis-related&nbsp;amendments setting up floor votes.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>House OKs bill to facilitate banking for cannabis companies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHouse OKs bill to facilitate banking for cannabis companies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-22 17:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3742108-house-oks-bill-to-facilitate-banking-for-cannabis-companies><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. House of Representatives approved a bill enabling banks to do business with cannabis companies without fear of penalty,Bloomberg reports.\nThe so-called SAFE Banking Act would be a boon for ...</p>\n\n<a href=\"https://seekingalpha.com/news/3742108-house-oks-bill-to-facilitate-banking-for-cannabis-companies\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRWG":"GrowGeneration Corp.","TLRY":"Tilray Inc.","OGI":"ORGANIGRAM HOLD","CRON":"Cronos Group Inc.","SNDL":"SNDL Inc.","CGC":"Canopy Growth Corporation","ACB":"奥罗拉大麻公司"},"source_url":"https://seekingalpha.com/news/3742108-house-oks-bill-to-facilitate-banking-for-cannabis-companies","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1146246652","content_text":"The U.S. House of Representatives approved a bill enabling banks to do business with cannabis companies without fear of penalty,Bloomberg reports.\nThe so-called SAFE Banking Act would be a boon for marijuana companies, which have so-far used to deal in cash because of federal restrictions, which implied extra security costs and logistical problems.\nThe measure was approved by voice vote as part of the National Defense Authorization Act (NDAA) for fiscal year 2022.\nRepresentative Ed Perlmutter, a Colorado Democrat, who had re-introduced the bill, in atweet stated, the Act will strengthen the security of financial system.\n\nHowever, the bill’s prospects are unclear in the Senate.\nThe U.S. Cannabis Council called the current rules that require marijuana firms to be all-cash a security hazard.\nBTIG analyst Camilo Lyon said in a research note that the SAFE Act’s inclusion with the defense authorization might enhance its prospects.\n“Discussions with our D.C. contacts suggest it has an easier pathway of getting through the Senate, largely because no senator wants to be viewed as holding up the massive 1,700 page must-pass NDAA simply because of SAFE banking,” Lyon wrote.\nAlso, Senate Banking Committee Ranking Member Pat Toomey (R-PA), has previously voiced support for advancing the SAFE Banking Act.\nRecently, at the Rules Committee hearing on Monday, Rep. Warren Davidson (R-OH) spoke in favor of adding marijuana banking to the defense bill, arguing that there’s a “national security issue” related to illicit drug trafficking that the SAFE Banking Act could help to address.\nAdvocates who support broader cannabis reform said the banking measure is a good first step.\nAs of now, some 36 states now allow medical or recreational use of marijuana.\nMulti-state operators: Trulieve Cannabis(OTCQX:TCNNF); Harvest Health & Recreation(OTCQX:HRVSF); Curaleaf Holdings(OTCPK:CURLF); Acreage Holdings(OTCQX:ACRHF); Cresco Labs(OTCQX:CRLBF); Green Thumb Industries(OTCQX:GTBIF); and MedMen Enterprises(OTCQB:MMNFF); TerrAscend(OTCQX:TRSSF); Ayr Wellness(OTCQX:AYRWF).\nCannabis distributors: OrganiGram Holdings(NASDAQ:OGI); Cronos Group(NASDAQ:CRON); HEXO(NASDAQ:HEXO); Aurora Cannabis(NASDAQ:ACB); Canopy Growth(NASDAQ:CGC); Tilray(NASDAQ:TLRY),  Sundial Growers(NASDAQ:SNDL); and GrowGeneration(NASDAQ:GRWG).\nETFs: Gobal X Funds - Global X Cannabis Etf(NASDAQ:POTX); ETFMG Alternative Harvest ETF(NYSEARCA:MJ); AdvisorShares Pure Cannabis ETF(NYSEARCA:YOLO); Amplify Seymour Cannabis ETF(NYSEARCA:CNBS); Cambria ETF Trust - Cambria Cannabis ETF(BATS:TOKE); Spinnaker ETF Series - The Cannabis ETF(NYSEARCA:THCX).\nEarlier in July, House committee cleared cannabis-related amendments setting up floor votes.","news_type":1},"isVote":1,"tweetType":1,"viewCount":738,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899182413,"gmtCreate":1628169348932,"gmtModify":1703502452585,"author":{"id":"3578658728140768","authorId":"3578658728140768","name":"铭帅","avatar":"https://static.tigerbbs.com/df8a4e130264ce2845db191fbedceee5","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3578658728140768","idStr":"3578658728140768"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>to the moon","listText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>to the moon","text":"$Sundial Growers Inc.(SNDL)$to the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/899182413","repostId":"2157143269","repostType":2,"isVote":1,"tweetType":1,"viewCount":1339,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3581082207694869","authorId":"3581082207694869","name":"Trading Guru","avatar":"https://community-static.tradeup.com/news/765299bc38d48154b1dbbe7c431c8f70","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3581082207694869","idStr":"3581082207694869"},"content":"haha dont even comment to the moon or sky la. it cant even hold at 0.9 kept fooling ard at 0.7 to 0.8 ranges","text":"haha dont even comment to the moon or sky la. it cant even hold at 0.9 kept fooling ard at 0.7 to 0.8 ranges","html":"haha dont even comment to the moon or sky la. it cant even hold at 0.9 kept fooling ard at 0.7 to 0.8 ranges"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145831383,"gmtCreate":1626215824942,"gmtModify":1703755518222,"author":{"id":"3578658728140768","authorId":"3578658728140768","name":"铭帅","avatar":"https://static.tigerbbs.com/df8a4e130264ce2845db191fbedceee5","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3578658728140768","idStr":"3578658728140768"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XELA\">$Exela Technologies, Inc.(XELA)$</a>the game is over?","listText":"<a href=\"https://laohu8.com/S/XELA\">$Exela Technologies, Inc.(XELA)$</a>the game is over?","text":"$Exela Technologies, Inc.(XELA)$the game is over?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":3,"repostSize":1,"link":"https://ttm.financial/post/145831383","isVote":1,"tweetType":1,"viewCount":2148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145908332,"gmtCreate":1626184975826,"gmtModify":1703755069157,"author":{"id":"3578658728140768","authorId":"3578658728140768","name":"铭帅","avatar":"https://static.tigerbbs.com/df8a4e130264ce2845db191fbedceee5","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3578658728140768","idStr":"3578658728140768"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XELA\">$Exela Technologies, Inc.(XELA)$</a>tonigh $5?","listText":"<a href=\"https://laohu8.com/S/XELA\">$Exela Technologies, Inc.(XELA)$</a>tonigh $5?","text":"$Exela Technologies, Inc.(XELA)$tonigh $5?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/145908332","isVote":1,"tweetType":1,"viewCount":746,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3586421549867531","authorId":"3586421549867531","name":"Janess","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3586421549867531","idStr":"3586421549867531"},"content":"Already break $4, $5 is not an issues now! [USD]","text":"Already break $4, $5 is not an issues now! [USD]","html":"Already break $4, $5 is not an issues now! [USD]"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148173440,"gmtCreate":1625964044380,"gmtModify":1703751210273,"author":{"id":"3578658728140768","authorId":"3578658728140768","name":"铭帅","avatar":"https://static.tigerbbs.com/df8a4e130264ce2845db191fbedceee5","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3578658728140768","idStr":"3578658728140768"},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/148173440","repostId":"1124741749","repostType":4,"repost":{"id":"1124741749","pubTimestamp":1625910991,"share":"https://ttm.financial/m/news/1124741749?lang=&edition=fundamental","pubTime":"2021-07-10 17:56","market":"us","language":"zh","title":"索普和西蒙斯：两位教父级投资大佬的传奇人生","url":"https://stock-news.laohu8.com/highlight/detail?id=1124741749","media":"SMARTMATRIX","summary":"他们都出生于30年代，自幼天赋异禀、身在学术圈但都一心向钱，有两个共同的母校。","content":"<p>A Man for All Markets是Edward Thorp的个人传记，中文翻译《战胜一切市场的人》，从Thorp的经历来看，从打败赌场到进入华尔街，OTC期权、可转债、股票、期货等衍生品，全部涉猎，名副其实的All Markets。塔勒布在序言里说，他的回忆录读起来像一部惊悚小说。</p>\n<p>作为一个数学天才、量化投资教父级人物，他开创性的将概率论、信息论、计算机编程引入金融交易，影响了后世无数Quant大佬：Bill Gross、David Shaw、Ken Griffin...其中也包括大名鼎鼎的James Simons，后者的文艺复兴科技公司创造了金融史上的回报率神话，同样，讲述Simons的传记The Man Who Solved The Market，详细记录了他和他的团队征服金融市场的起起落落，虽是一位华尔街日报作家根据采访汇编而成，但其中不少以前从未披露过的精彩故事。</p>\n<p><b>学术源流</b></p>\n<p>文化兴，则人杰出，所谓的人杰地灵，比如中国明末以来的湖湘学派让湖南成为革命党人的摇篮。在学术圈，也有类似的现象。仔细研究两位大佬的背景，会发现很多共通点，他们都出生于30年代，自幼天赋异禀、身在学术圈但都一心向钱，有两个共同的母校：加州大学伯克利分校和MIT。两校的学术在战后都达到了巅峰，主要一个原因就是二战催生的大规军事科研活动（著名的曼哈顿计划、密码学、信息论和现代计算机），Thorp和Simons都恰好赶上了这波学术红利。50年代，Thorp醉心于和香农一起研究轮盘赌，而Simons仍埋头于理论数学问题，这也使得其在学术上的成就更高（Chern-Simons Theroy）。60年代，MIT成为计算机革命的中心，而数学和计算机正是通向华尔街的两把钥匙，Thorp正是手握这两把钥匙的幸运儿。</p>\n<p><b>赌场vs华尔街</b></p>\n<p>如今为人津津乐道的故事是Thorp利用大数定律和凯利公式打败了赌场，他也成了历史上第一个被拉斯维加斯赌场“拉黑”的人。相比之下，他创设的对冲基金PNP（Princeton Newport Partners）知名度黯淡不少。实际上，从1969年到1988年，PNP两支基金的年化收益率分别达到19.1%和15.1%，同期标普指数年均增长率为10.2%。19年间历经70年代两次石油危机、87年股灾，两只基金从未发生单季亏损，更没有年度亏损。在世间最大的赌场，其业绩冠绝其时，其投资模式，领先此后鱼贯进入华尔街的宽客们20年。</p>\n<p>1988年，Thorp的基金因为受到垃圾债券之王米尔肯一案的牵连被迫关闭。正是在这一年，Simons成立大奖章基金，已年过半百的他，可谓大器晚成，在此前为了寻找成功的投资模型已经摸索了10年之久，一直在主观和量化之间摇摆。尽管外界一直都把Simons视作量化投资大师，但实际上他点角色和Thorp完全不同，他的主要工作并不是开发量化模型，而是从学术圈挖掘各类科学家来帮助公司开发量化模型，并且作为精神领袖塑造公司企业文化。作为一名世界级的数学家+卓越的销售，他与不同的人都能融洽的打交道，这是一种罕见的能力。</p>\n<p><b>量化之路</b></p>\n<p>作为量化交易的先驱，Thorp擅长各种衍生品的对冲套利，70年代的熊市和波动率让这种策略运行的非常完美。依靠自己的数学天赋和市场嗅觉发现了新的蓝海：统计套利（Statistical Arbitrage）和因子模型（factors model）——早期的quant原型。这种模式下的风险理论上是无穷的，尤其是做空那些价格高估的股票的损失上限是无穷大，Thorp主要风控策略是分散化投资。此后的LTCM采用类似的套利模式，但缺少Thorp这样的风控策略，被黑天鹅击败。为了提升投资效率，Thorp将投资策略变成程序，再次成为程序化交易（Algorithm Trading）的先驱。</p>\n<p>相比之下，Simons就没那么幸运了。从早期尝试直觉投资到基于趋势的动量交易、反转交易再到持续收集挖掘海量数据包括数据清洗、信号机制和回溯测试。1986年使用识别隐藏价格趋势的模型框架——1989年利用异常交易信号进行短期高频交易——1992年改为只用单一模型（关键性突破），而后语音识别专家帮助进行各种技术突破（金融模型与语音识别有相似之处），模型经历了漫长迭代改进的过程。最终练就了模型重要核心能力：识别出“交易的价值”，包括：价格趋势的确定性大小、交易信号之间的权重取舍、根据信号进行交易对市场造成的影响的判断。这项能力对于高频全品种交易尤为重要。</p>\n<p><b>取胜系统：概率思考&amp;对人类行为建模</b></p>\n<p>对Thorp来说，赌博和投资都是以概率统计为基础的游戏，根据胜率的大小来分配下注金额的大小（基于凯利法则的资金管理），而大奖章基金的第一次重大突破也来自于对凯利法则的运用以及缩短交易频率使其交易更体现大数定律。大奖章的系统只要胜率略高于50%就能赚钱，而不在乎每一笔买卖的盈亏。本质上，是在利用其他交易者的疏忽和错误赚钱（市场无效）。人类在高压下的行为具有很高的可预测性，他们会本能地表现出恐慌。建模的前提是人类会不断重复过去的行为。索罗斯曾以反身性的哲学理论对人类行为建模，而Simons的团队利用数据和算法对人类行为建模，以此印证行为金融学的理论。</p>\n<p>与传统的价值投资把市场面简化成一位市场先生不同，量化投资的经验是，影响金融市场和投资的因素和变量远远比大多数人意识到的更多，导致市场无效的因素甚至可以说是加密的（Thorp在书中对有效市场假说也不遗余力的进行驳斥）。投资者努力寻找最基本的推动因素，但是遗漏的也许是一整个维度的信息。大奖章基金无法对每一条盈利的规律背后的逻辑进行解释，就如同人类无法理解阿尔法围棋一样，也许是更高纬度的存在。</p>\n<p>模型是对世界的抽象和简化，但模型并不是万能的。当数据和欲望相冲突，即便是理性的科学家，也无法做到完全理性。Simons的初心是创建的算法驱动的自动交易系统，完全屏蔽人类的主观判断，但每一次危机，他仍忍不住会手动干预，减少对信号的依赖，主动缩减交易头寸，可干预的结果并不十分理想。他的同事帕特森也说：”<b>永远不要对交易模型过于信任。长期资本管理公司的基本错误是认为模型就是事实真相，我们从未相信我们的模型能够反映全部事实，它只反映事实的一部分</b>。”</p>\n<p><b>宽客人生</b></p>\n<p>其实很多大佬的交集，远远超过我们想象。比如Thorp和巴菲特在桥牌桌上过过招，在确认巴菲特最终会成为全美最富有的人之后，果断投资了BRK的股票。很多人以为，学霸不一定会拥有好人生，毕竟，book smart和street smart之间的有极大的鸿沟，现实世界的规则比学校要复杂太多，但Thorp践行了将抽象思维运用到现实生活中的思维方式，真正诠释了“彪悍的人生不需要解释”，学术、财富、家庭圆满，很早就意识到在生活本身高于赚钱。相比较Thorp精彩纷呈的人生，Simons的人生曲折太多，离过婚，他的两个儿子先后遭受不幸，还遭遇过伙伴背叛。但最终还是选择和生活讲和，并投身慈善事业，从学术生涯到宽客人生，在跌宕起伏中探寻命运的真谛，而经历本身就是意义所在。就像Thorp在自传末尾所说：生活像是读一本小说或者跑一场马拉松，到达终点往往不是那么重要，旅途本身和沿途的体验更为珍贵。<b>No body can take away the dance you have danced.</b></p>","source":"lsy1625911325017","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>索普和西蒙斯：两位教父级投资大佬的传奇人生</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n索普和西蒙斯：两位教父级投资大佬的传奇人生\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-10 17:56 北京时间&nbsp;&nbsp;&nbsp;<a href=https://mp.weixin.qq.com/s/g5Zdx-uS3wl9QbsHZm1DVw><strong>SMARTMATRIX</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A Man for All Markets是Edward Thorp的个人传记，中文翻译《战胜一切市场的人》，从Thorp的经历来看，从打败赌场到进入华尔街，OTC期权、可转债、股票、期货等衍生品，全部涉猎，名副其实的All Markets。塔勒布在序言里说，他的回忆录读起来像一部惊悚小说。\n作为一个数学天才、量化投资教父级人物，他开创性的将概率论、信息论、计算机编程引入金融交易，影响了后世无数...</p>\n\n<a href=\"https://mp.weixin.qq.com/s/g5Zdx-uS3wl9QbsHZm1DVw\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/388d882133df2db2363aa871ff756c47","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://mp.weixin.qq.com/s/g5Zdx-uS3wl9QbsHZm1DVw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124741749","content_text":"A Man for All Markets是Edward Thorp的个人传记，中文翻译《战胜一切市场的人》，从Thorp的经历来看，从打败赌场到进入华尔街，OTC期权、可转债、股票、期货等衍生品，全部涉猎，名副其实的All Markets。塔勒布在序言里说，他的回忆录读起来像一部惊悚小说。\n作为一个数学天才、量化投资教父级人物，他开创性的将概率论、信息论、计算机编程引入金融交易，影响了后世无数Quant大佬：Bill Gross、David Shaw、Ken Griffin...其中也包括大名鼎鼎的James Simons，后者的文艺复兴科技公司创造了金融史上的回报率神话，同样，讲述Simons的传记The Man Who Solved The Market，详细记录了他和他的团队征服金融市场的起起落落，虽是一位华尔街日报作家根据采访汇编而成，但其中不少以前从未披露过的精彩故事。\n学术源流\n文化兴，则人杰出，所谓的人杰地灵，比如中国明末以来的湖湘学派让湖南成为革命党人的摇篮。在学术圈，也有类似的现象。仔细研究两位大佬的背景，会发现很多共通点，他们都出生于30年代，自幼天赋异禀、身在学术圈但都一心向钱，有两个共同的母校：加州大学伯克利分校和MIT。两校的学术在战后都达到了巅峰，主要一个原因就是二战催生的大规军事科研活动（著名的曼哈顿计划、密码学、信息论和现代计算机），Thorp和Simons都恰好赶上了这波学术红利。50年代，Thorp醉心于和香农一起研究轮盘赌，而Simons仍埋头于理论数学问题，这也使得其在学术上的成就更高（Chern-Simons Theroy）。60年代，MIT成为计算机革命的中心，而数学和计算机正是通向华尔街的两把钥匙，Thorp正是手握这两把钥匙的幸运儿。\n赌场vs华尔街\n如今为人津津乐道的故事是Thorp利用大数定律和凯利公式打败了赌场，他也成了历史上第一个被拉斯维加斯赌场“拉黑”的人。相比之下，他创设的对冲基金PNP（Princeton Newport Partners）知名度黯淡不少。实际上，从1969年到1988年，PNP两支基金的年化收益率分别达到19.1%和15.1%，同期标普指数年均增长率为10.2%。19年间历经70年代两次石油危机、87年股灾，两只基金从未发生单季亏损，更没有年度亏损。在世间最大的赌场，其业绩冠绝其时，其投资模式，领先此后鱼贯进入华尔街的宽客们20年。\n1988年，Thorp的基金因为受到垃圾债券之王米尔肯一案的牵连被迫关闭。正是在这一年，Simons成立大奖章基金，已年过半百的他，可谓大器晚成，在此前为了寻找成功的投资模型已经摸索了10年之久，一直在主观和量化之间摇摆。尽管外界一直都把Simons视作量化投资大师，但实际上他点角色和Thorp完全不同，他的主要工作并不是开发量化模型，而是从学术圈挖掘各类科学家来帮助公司开发量化模型，并且作为精神领袖塑造公司企业文化。作为一名世界级的数学家+卓越的销售，他与不同的人都能融洽的打交道，这是一种罕见的能力。\n量化之路\n作为量化交易的先驱，Thorp擅长各种衍生品的对冲套利，70年代的熊市和波动率让这种策略运行的非常完美。依靠自己的数学天赋和市场嗅觉发现了新的蓝海：统计套利（Statistical Arbitrage）和因子模型（factors model）——早期的quant原型。这种模式下的风险理论上是无穷的，尤其是做空那些价格高估的股票的损失上限是无穷大，Thorp主要风控策略是分散化投资。此后的LTCM采用类似的套利模式，但缺少Thorp这样的风控策略，被黑天鹅击败。为了提升投资效率，Thorp将投资策略变成程序，再次成为程序化交易（Algorithm Trading）的先驱。\n相比之下，Simons就没那么幸运了。从早期尝试直觉投资到基于趋势的动量交易、反转交易再到持续收集挖掘海量数据包括数据清洗、信号机制和回溯测试。1986年使用识别隐藏价格趋势的模型框架——1989年利用异常交易信号进行短期高频交易——1992年改为只用单一模型（关键性突破），而后语音识别专家帮助进行各种技术突破（金融模型与语音识别有相似之处），模型经历了漫长迭代改进的过程。最终练就了模型重要核心能力：识别出“交易的价值”，包括：价格趋势的确定性大小、交易信号之间的权重取舍、根据信号进行交易对市场造成的影响的判断。这项能力对于高频全品种交易尤为重要。\n取胜系统：概率思考&对人类行为建模\n对Thorp来说，赌博和投资都是以概率统计为基础的游戏，根据胜率的大小来分配下注金额的大小（基于凯利法则的资金管理），而大奖章基金的第一次重大突破也来自于对凯利法则的运用以及缩短交易频率使其交易更体现大数定律。大奖章的系统只要胜率略高于50%就能赚钱，而不在乎每一笔买卖的盈亏。本质上，是在利用其他交易者的疏忽和错误赚钱（市场无效）。人类在高压下的行为具有很高的可预测性，他们会本能地表现出恐慌。建模的前提是人类会不断重复过去的行为。索罗斯曾以反身性的哲学理论对人类行为建模，而Simons的团队利用数据和算法对人类行为建模，以此印证行为金融学的理论。\n与传统的价值投资把市场面简化成一位市场先生不同，量化投资的经验是，影响金融市场和投资的因素和变量远远比大多数人意识到的更多，导致市场无效的因素甚至可以说是加密的（Thorp在书中对有效市场假说也不遗余力的进行驳斥）。投资者努力寻找最基本的推动因素，但是遗漏的也许是一整个维度的信息。大奖章基金无法对每一条盈利的规律背后的逻辑进行解释，就如同人类无法理解阿尔法围棋一样，也许是更高纬度的存在。\n模型是对世界的抽象和简化，但模型并不是万能的。当数据和欲望相冲突，即便是理性的科学家，也无法做到完全理性。Simons的初心是创建的算法驱动的自动交易系统，完全屏蔽人类的主观判断，但每一次危机，他仍忍不住会手动干预，减少对信号的依赖，主动缩减交易头寸，可干预的结果并不十分理想。他的同事帕特森也说：”永远不要对交易模型过于信任。长期资本管理公司的基本错误是认为模型就是事实真相，我们从未相信我们的模型能够反映全部事实，它只反映事实的一部分。”\n宽客人生\n其实很多大佬的交集，远远超过我们想象。比如Thorp和巴菲特在桥牌桌上过过招，在确认巴菲特最终会成为全美最富有的人之后，果断投资了BRK的股票。很多人以为，学霸不一定会拥有好人生，毕竟，book smart和street smart之间的有极大的鸿沟，现实世界的规则比学校要复杂太多，但Thorp践行了将抽象思维运用到现实生活中的思维方式，真正诠释了“彪悍的人生不需要解释”，学术、财富、家庭圆满，很早就意识到在生活本身高于赚钱。相比较Thorp精彩纷呈的人生，Simons的人生曲折太多，离过婚，他的两个儿子先后遭受不幸，还遭遇过伙伴背叛。但最终还是选择和生活讲和，并投身慈善事业，从学术生涯到宽客人生，在跌宕起伏中探寻命运的真谛，而经历本身就是意义所在。就像Thorp在自传末尾所说：生活像是读一本小说或者跑一场马拉松，到达终点往往不是那么重要，旅途本身和沿途的体验更为珍贵。No body can take away the dance you have danced.","news_type":1},"isVote":1,"tweetType":1,"viewCount":538,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153735044,"gmtCreate":1625049387388,"gmtModify":1703734841901,"author":{"id":"3578658728140768","authorId":"3578658728140768","name":"铭帅","avatar":"https://static.tigerbbs.com/df8a4e130264ce2845db191fbedceee5","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3578658728140768","idStr":"3578658728140768"},"themes":[],"htmlText":"To the moon","listText":"To the moon","text":"To the moon","images":[{"img":"https://static.tigerbbs.com/e4444bfa43d31bfbe7a9d13e925e3517","width":"1080","height":"3120"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/153735044","isVote":1,"tweetType":1,"viewCount":488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":115207182,"gmtCreate":1622994081846,"gmtModify":1704194169380,"author":{"id":"3578658728140768","authorId":"3578658728140768","name":"铭帅","avatar":"https://static.tigerbbs.com/df8a4e130264ce2845db191fbedceee5","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3578658728140768","idStr":"3578658728140768"},"themes":[],"htmlText":"sndl $20","listText":"sndl $20","text":"sndl $20","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/115207182","repostId":"1128534499","repostType":2,"repost":{"id":"1128534499","pubTimestamp":1622944841,"share":"https://ttm.financial/m/news/1128534499?lang=&edition=fundamental","pubTime":"2021-06-06 10:00","market":"us","language":"en","title":"AMC and Other Meme Stocks Boom Again. What Will Erupt Next?","url":"https://stock-news.laohu8.com/highlight/detail?id=1128534499","media":"Barrons","summary":"Are meme traders running out of fresh ironic picks? AMC Entertainment Holdings just went on its seco","content":"<p>Are meme traders running out of fresh ironic picks? AMC Entertainment Holdings just went on its second madcap run-up in less than six months. As a rotary native in a digital world, I can’t hope to keep up with the young, idle, and fiscally stimulated capitalists monetizing their ability to quickly spot chat-room microtrends in off-the-radar assets. But if the Reddit and Robinhood set has started recycling old jokes, well, that’s something I know a thing or two about.</p>\n<p>All I have to do now is screen the universe of past meme gainers for ones that now look like bargains. Granted, that can be challenging in asset classes that lack cash flows and defy traditional valuation.</p>\n<p>I’ve done some early theoretical work on a Capital ASS Coin Pricing Model, named of course for&nbsp;Australian Safe Shepherd, the cryptocurrency launched in April, whose canine theme is a nod to Dogecoin, which is itself a parody of Bitcoin, and whose cheeky acronym makes it endlessly memeable.</p>\n<p>Come to think of it, if past meme trades are coming around again, maybe that’s an idea for investors seeking terrible ideas at discounted prices. ASS recently changed hands at a hundred-millionth of a cent, down from over six hundred-millionths of a cent last month. Bottom-fishing, indeed—and inflation hawks will appreciate that future supply is capped by design at 200 sextillion coins.</p>\n<p>Meme-trade sequels can be just as action-packed as the originals, as AMC (ticker: AMC) has proved. The theater chain started this year at $2 a share, and hit $20 during the&nbsp;GameStop(GME) frenzy in late January. Then, it cooled to single digits late last month, before exploding to over $70 at one point this past week. The rise this time, like last, was linked to punch-line posting on Reddit, elevated short interest ripe for squeezing, and high volume in call options.</p>\n<p>AMC has used the run-up to issue obscene amounts of new stock. There are 513 million or so shares out now, up from 104 million a year ago. The company has multiplied about 20 times in value during a pandemic that shuttered its theaters, ballooned its debt, and accelerated Hollywood’s shift toward making movies for streaming rather than big screens.</p>\n<p>True, the proceeds from those stock sales convert trading hype into real-world assets. But if that’s a sustainable investment thesis, it’s time to start bulk-buying and guzzling Schlitz to profit from the five-cent bottle deposits.</p>\n<p>To be clear, the movie theater business, while deeply challenged, is recovering by the day.<i>A Quiet Place Part II</i>took in nearly $60 million over Memorial Day weekend—a success, with or without the pandemic.</p>\n<p>Chad Beynon of Macquarie Research, sees “great value” in two theater names,Cinemark Holdings(CNK) and&nbsp;IMAX(IMAX), but not in AMC. He points out that before the pandemic, in 2019, AMC and Cinemark produced similar earnings before interest, taxes, depreciation, and amortization, or Ebitda, but that AMC recently had 10 times Cinemark’s market value.</p>\n<p>BlackBerry&nbsp;(BB) also had its second blastoff of the year this past week. It, like AMC, fits the theme of traders showing improbable levels of enthusiasm for left-behind stocks the establishment has bet against. But what’s the next forgotten meme trade that fun-seekers will clown-car into?</p>\n<p>Please don’t say Bitcoin. It’s down from a high of $63,000 in April to a recent $37,000, but Tesla chief and crypto thought leader Elon Musk this past week tweeted a pair of relationship breakup memes that made veiled reference to Bitcoin. According to my discounted hashtag flow analysis, that’s the equivalent of a double downgrade on Wall Street.</p>\n<p>Wrong-name stocks have potential, but the blue chip of the group,Zoom Technologies(ZTNO), was asked by regulators to change its ticker from ZOOM after jumping one too many times in sympathy with&nbsp;Zoom Video Communications(ZM).AMC Networks(AMCX), the television concern that’s unrelated to the theater business, is another classic, but it’s too late—it jumped 13% on Friday.</p>\n<p>For now, I have my eye on cannabis crypto, nonfungible emoji tokens, and celebrity SPACs, or special purpose acquisition companies, now that the market has sold off. Basketball’s Shaquille O’Neal is on his second one, and Shaq rhymes with SPAC, which meme-logically speaking, could be a durable competitive advantage.</p>\n<p>Investment bank UBS likes package delivery but not boxes, it seems. In a roundup this past week of its “highest-conviction picks,” the bank predicted that&nbsp;FedEx(FDX) would rise to $383 a share, which would make for a gain of 27% from recent levels, but that&nbsp;International Paper(IP) would slip to $44, for a decline of 32%.</p>\n<p>FedEx trades at 15 times projected earnings for the coming four quarters, and IP, 13 times. Thomas Wadewitz, the FedEx analyst, likes that there is tight supply and elevated demand for parcel delivery, suggesting that profit margins will rise into next year. In particular, supply-chain mayhem has left factories and retailers with too little inventory, and leaving plenty of need for business-to-business shipments.</p>\n<p>Cleve Rueckert, the analyst on IP, estimates that containerboard for boxes is oversupplied to a degree that will drag prices down 5% next year from this year. Input costs, meanwhile, are rising. Containerboard mills that are reopening or under construction could add 7% to supply. Following the pandemic e-commerce spree, demand for containerboard will rise only 1% to 1.5% a year through 2024, Rueckert reckons.</p>\n<p>IP relies on containerboard for 80% of Ebitda. China is halting imports of America’s old boxes, which could depress prices for recycled packaging that competes with containerboard.</p>\n<p>Whether recycled memes can outperform repurposed boxes remains to be seen.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC and Other Meme Stocks Boom Again. What Will Erupt Next?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC and Other Meme Stocks Boom Again. What Will Erupt Next?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-06 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amc-and-other-meme-stocks-boom-again-what-will-erupt-next-51622855430?mod=hp_LEAD_3_B_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Are meme traders running out of fresh ironic picks? AMC Entertainment Holdings just went on its second madcap run-up in less than six months. As a rotary native in a digital world, I can’t hope to ...</p>\n\n<a href=\"https://www.barrons.com/articles/amc-and-other-meme-stocks-boom-again-what-will-erupt-next-51622855430?mod=hp_LEAD_3_B_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线","GME":"游戏驿站","BB":"黑莓"},"source_url":"https://www.barrons.com/articles/amc-and-other-meme-stocks-boom-again-what-will-erupt-next-51622855430?mod=hp_LEAD_3_B_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128534499","content_text":"Are meme traders running out of fresh ironic picks? AMC Entertainment Holdings just went on its second madcap run-up in less than six months. As a rotary native in a digital world, I can’t hope to keep up with the young, idle, and fiscally stimulated capitalists monetizing their ability to quickly spot chat-room microtrends in off-the-radar assets. But if the Reddit and Robinhood set has started recycling old jokes, well, that’s something I know a thing or two about.\nAll I have to do now is screen the universe of past meme gainers for ones that now look like bargains. Granted, that can be challenging in asset classes that lack cash flows and defy traditional valuation.\nI’ve done some early theoretical work on a Capital ASS Coin Pricing Model, named of course for Australian Safe Shepherd, the cryptocurrency launched in April, whose canine theme is a nod to Dogecoin, which is itself a parody of Bitcoin, and whose cheeky acronym makes it endlessly memeable.\nCome to think of it, if past meme trades are coming around again, maybe that’s an idea for investors seeking terrible ideas at discounted prices. ASS recently changed hands at a hundred-millionth of a cent, down from over six hundred-millionths of a cent last month. Bottom-fishing, indeed—and inflation hawks will appreciate that future supply is capped by design at 200 sextillion coins.\nMeme-trade sequels can be just as action-packed as the originals, as AMC (ticker: AMC) has proved. The theater chain started this year at $2 a share, and hit $20 during the GameStop(GME) frenzy in late January. Then, it cooled to single digits late last month, before exploding to over $70 at one point this past week. The rise this time, like last, was linked to punch-line posting on Reddit, elevated short interest ripe for squeezing, and high volume in call options.\nAMC has used the run-up to issue obscene amounts of new stock. There are 513 million or so shares out now, up from 104 million a year ago. The company has multiplied about 20 times in value during a pandemic that shuttered its theaters, ballooned its debt, and accelerated Hollywood’s shift toward making movies for streaming rather than big screens.\nTrue, the proceeds from those stock sales convert trading hype into real-world assets. But if that’s a sustainable investment thesis, it’s time to start bulk-buying and guzzling Schlitz to profit from the five-cent bottle deposits.\nTo be clear, the movie theater business, while deeply challenged, is recovering by the day.A Quiet Place Part IItook in nearly $60 million over Memorial Day weekend—a success, with or without the pandemic.\nChad Beynon of Macquarie Research, sees “great value” in two theater names,Cinemark Holdings(CNK) and IMAX(IMAX), but not in AMC. He points out that before the pandemic, in 2019, AMC and Cinemark produced similar earnings before interest, taxes, depreciation, and amortization, or Ebitda, but that AMC recently had 10 times Cinemark’s market value.\nBlackBerry (BB) also had its second blastoff of the year this past week. It, like AMC, fits the theme of traders showing improbable levels of enthusiasm for left-behind stocks the establishment has bet against. But what’s the next forgotten meme trade that fun-seekers will clown-car into?\nPlease don’t say Bitcoin. It’s down from a high of $63,000 in April to a recent $37,000, but Tesla chief and crypto thought leader Elon Musk this past week tweeted a pair of relationship breakup memes that made veiled reference to Bitcoin. According to my discounted hashtag flow analysis, that’s the equivalent of a double downgrade on Wall Street.\nWrong-name stocks have potential, but the blue chip of the group,Zoom Technologies(ZTNO), was asked by regulators to change its ticker from ZOOM after jumping one too many times in sympathy with Zoom Video Communications(ZM).AMC Networks(AMCX), the television concern that’s unrelated to the theater business, is another classic, but it’s too late—it jumped 13% on Friday.\nFor now, I have my eye on cannabis crypto, nonfungible emoji tokens, and celebrity SPACs, or special purpose acquisition companies, now that the market has sold off. Basketball’s Shaquille O’Neal is on his second one, and Shaq rhymes with SPAC, which meme-logically speaking, could be a durable competitive advantage.\nInvestment bank UBS likes package delivery but not boxes, it seems. In a roundup this past week of its “highest-conviction picks,” the bank predicted that FedEx(FDX) would rise to $383 a share, which would make for a gain of 27% from recent levels, but that International Paper(IP) would slip to $44, for a decline of 32%.\nFedEx trades at 15 times projected earnings for the coming four quarters, and IP, 13 times. Thomas Wadewitz, the FedEx analyst, likes that there is tight supply and elevated demand for parcel delivery, suggesting that profit margins will rise into next year. In particular, supply-chain mayhem has left factories and retailers with too little inventory, and leaving plenty of need for business-to-business shipments.\nCleve Rueckert, the analyst on IP, estimates that containerboard for boxes is oversupplied to a degree that will drag prices down 5% next year from this year. Input costs, meanwhile, are rising. Containerboard mills that are reopening or under construction could add 7% to supply. Following the pandemic e-commerce spree, demand for containerboard will rise only 1% to 1.5% a year through 2024, Rueckert reckons.\nIP relies on containerboard for 80% of Ebitda. China is halting imports of America’s old boxes, which could depress prices for recycled packaging that competes with containerboard.\nWhether recycled memes can outperform repurposed boxes remains to be seen.","news_type":1},"isVote":1,"tweetType":1,"viewCount":723,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":116892665,"gmtCreate":1622786006357,"gmtModify":1704191174489,"author":{"id":"3578658728140768","authorId":"3578658728140768","name":"铭帅","avatar":"https://static.tigerbbs.com/df8a4e130264ce2845db191fbedceee5","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3578658728140768","idStr":"3578658728140768"},"themes":[],"htmlText":"sndl $20","listText":"sndl $20","text":"sndl $20","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/116892665","repostId":"1128542350","repostType":2,"repost":{"id":"1128542350","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1622710475,"share":"https://ttm.financial/m/news/1128542350?lang=&edition=fundamental","pubTime":"2021-06-03 16:54","market":"us","language":"en","title":"Here's Why Sundial Growers, Tilray, and Other Cannabis Stocks Soared Today","url":"https://stock-news.laohu8.com/highlight/detail?id=1128542350","media":"Tiger Newspress","summary":"Major employers are signaling their growing support of marijuana reform.","content":"<p>Major employers are signaling their growing support of marijuana reform.</p><p><b>What happened</b></p><p>Cannabis companies received a boost after&nbsp;<b>Amazon</b>&nbsp;said it would support federal marijuana legalization efforts.<b>Sundial Growers,Tilray,Canopy Growth,Aurora Cannabis</b>&nbsp;and&nbsp;<b>Cronos&nbsp;</b>rose between 2% and 25%&nbsp;in premarket trading., respectively, on the news.</p><p><img src=\"https://static.tigerbbs.com/5ea74b81647fb2efe6bfb94092464ec7\" tg-width=\"378\" tg-height=\"367\" referrerpolicy=\"no-referrer\"></p><p><b>So what</b></p><p>Amazon executive Dave Clark said in a blog post that the e-commerce giant would support the Marijuana Opportunity Reinvestment and Expungement Act of 2021, or the MORE Act. This legislation seeks to decriminalizemarijuanaat the federal level and expunge cannabis-related criminal records. Amazon also called for other businesses to support the bill.</p><p>\"We hope that other employers will join us, and that policymakers will act swiftly to pass this law,\" Clark said.</p><p>Additionally, Amazon will no longer screen its employees for marijuana use, except for when it's required to do so by the Department of Transportation.</p><p>\"In the past, like many employers, we've disqualified people from working at Amazon if they tested positive for marijuana use,\" Clark said. \"However, given where state laws are moving across the U.S., we've changed course.\"</p><p><b>Now what</b></p><p>The news helped to drive the prices of many pot stocks higher on Wednesday. Investors are betting that cannabis reform could make it easier for marijuana producers to conduct business, as well as boost demand from recreational consumers.</p><p>Tilray and Sundial Growers are among those that stand to benefit. Tilray recently completed its merger with Aphria, which made it one of the industry's largest companies by revenue. Sundial, meanwhile, has raised hundreds of millions of dollars via stock offerings, which it has begun to deploy in an array of cannabis-focused investments.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Sundial Growers, Tilray, and Other Cannabis Stocks Soared Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Sundial Growers, Tilray, and Other Cannabis Stocks Soared Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-03 16:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Major employers are signaling their growing support of marijuana reform.</p><p><b>What happened</b></p><p>Cannabis companies received a boost after&nbsp;<b>Amazon</b>&nbsp;said it would support federal marijuana legalization efforts.<b>Sundial Growers,Tilray,Canopy Growth,Aurora Cannabis</b>&nbsp;and&nbsp;<b>Cronos&nbsp;</b>rose between 2% and 25%&nbsp;in premarket trading., respectively, on the news.</p><p><img src=\"https://static.tigerbbs.com/5ea74b81647fb2efe6bfb94092464ec7\" tg-width=\"378\" tg-height=\"367\" referrerpolicy=\"no-referrer\"></p><p><b>So what</b></p><p>Amazon executive Dave Clark said in a blog post that the e-commerce giant would support the Marijuana Opportunity Reinvestment and Expungement Act of 2021, or the MORE Act. This legislation seeks to decriminalizemarijuanaat the federal level and expunge cannabis-related criminal records. Amazon also called for other businesses to support the bill.</p><p>\"We hope that other employers will join us, and that policymakers will act swiftly to pass this law,\" Clark said.</p><p>Additionally, Amazon will no longer screen its employees for marijuana use, except for when it's required to do so by the Department of Transportation.</p><p>\"In the past, like many employers, we've disqualified people from working at Amazon if they tested positive for marijuana use,\" Clark said. \"However, given where state laws are moving across the U.S., we've changed course.\"</p><p><b>Now what</b></p><p>The news helped to drive the prices of many pot stocks higher on Wednesday. Investors are betting that cannabis reform could make it easier for marijuana producers to conduct business, as well as boost demand from recreational consumers.</p><p>Tilray and Sundial Growers are among those that stand to benefit. Tilray recently completed its merger with Aphria, which made it one of the industry's largest companies by revenue. Sundial, meanwhile, has raised hundreds of millions of dollars via stock offerings, which it has begun to deploy in an array of cannabis-focused investments.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ACB":"奥罗拉大麻公司","CRON":"Cronos Group Inc.","CGC":"Canopy Growth Corporation","SNDL":"SNDL Inc.","MJ":"Amplify Alternative Harvest ETF","TLRY":"Tilray Inc.","AMZN":"亚马逊"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128542350","content_text":"Major employers are signaling their growing support of marijuana reform.What happenedCannabis companies received a boost after Amazon said it would support federal marijuana legalization efforts.Sundial Growers,Tilray,Canopy Growth,Aurora Cannabis and Cronos rose between 2% and 25% in premarket trading., respectively, on the news.So whatAmazon executive Dave Clark said in a blog post that the e-commerce giant would support the Marijuana Opportunity Reinvestment and Expungement Act of 2021, or the MORE Act. This legislation seeks to decriminalizemarijuanaat the federal level and expunge cannabis-related criminal records. Amazon also called for other businesses to support the bill.\"We hope that other employers will join us, and that policymakers will act swiftly to pass this law,\" Clark said.Additionally, Amazon will no longer screen its employees for marijuana use, except for when it's required to do so by the Department of Transportation.\"In the past, like many employers, we've disqualified people from working at Amazon if they tested positive for marijuana use,\" Clark said. \"However, given where state laws are moving across the U.S., we've changed course.\"Now whatThe news helped to drive the prices of many pot stocks higher on Wednesday. Investors are betting that cannabis reform could make it easier for marijuana producers to conduct business, as well as boost demand from recreational consumers.Tilray and Sundial Growers are among those that stand to benefit. Tilray recently completed its merger with Aphria, which made it one of the industry's largest companies by revenue. Sundial, meanwhile, has raised hundreds of millions of dollars via stock offerings, which it has begun to deploy in an array of cannabis-focused investments.","news_type":1},"isVote":1,"tweetType":1,"viewCount":394,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":110007454,"gmtCreate":1622415163278,"gmtModify":1704183852304,"author":{"id":"3578658728140768","authorId":"3578658728140768","name":"铭帅","avatar":"https://static.tigerbbs.com/df8a4e130264ce2845db191fbedceee5","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3578658728140768","idStr":"3578658728140768"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>up","listText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>up","text":"$Sundial Growers Inc.(SNDL)$up","images":[{"img":"https://static.tigerbbs.com/cfdfbc6409be3f8c3edf206a411ff48d","width":"1080","height":"1920"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":7,"commentSize":23,"repostSize":0,"link":"https://ttm.financial/post/110007454","isVote":1,"tweetType":1,"viewCount":1083,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":true}