Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Mentally disturbed Americans are again vibrating in sympathy with Trump's mental illness.
KARI LAKE: "If you want to get to President Trump, you're going to have to go through me, and 75 million Americans just like me. And most of us are card-carrying members of the NRA. That's not a threat, that's a public service announcement" pic.twitter.com/rSVwEaK2rX
— Jack Poso 🇺🇸 (@JackPosobiec) June 10, 2023
"We are going to restore honor to our government. In my administration, I am going to enforce all laws concerning the protection of classified information.
No one will be above the law," Donald Trump said during his campaign rally in Charlotte, North Carolina, on August 18, 2016."
That's nothing! I'm calling on EVERY REPUBLICAN TO COMMIT SUICIDE in solidarity with Trump!
— Ann Coulter (@AnnCoulter) June 9, 2023
Otherwise, we don't have a country, folks. https://t.co/3wzw9rjCqa
The bears still have some life in them. The market opened up this morning but the bears dropped it back below 4,300 again. It was either Barron's or the WSJ that called this week's market action "lackluster". It looks to me like a market that wants to break out but might be waiting for next Wednesday to understand where the Fed is with regard to interest rates. Have a good weekend.
Now cry for me Argentina
My Dos Mil is only worth once
For non Spanish speakers once is pronounced own-say.
Now you can sing it..:)
The decryption just came through.
Elroy, did you send it encoded? I am trying to decode the note, lol.
Raised more cash by not being able to sell the IBM 10 Puts at a good price. Bought the Puts back for a 9% gain, but lack of fear keeps buyers of insurance away.
PPO is signaling, to me, a general weakening of the market, although a few stocks are still trying to go higher, but I am fairly sure that we are going to see a downturn soon. Likely this coming week. Ahead of the Fed, who would have thought so?
Following 95% inflation during 2022, Argentina introduces the new Dos Mil Peso note currently worth $11.
Argentina traditionally found few buyers for longer term Peso debt so owes $323 billion of debt priced in US DOLLARS.
Congressman Javier Milei, an economist running for President of Argentina, wants to replace the Peso with the US Dollar as Argentina's official currency. Argentina would become the largest economy to Dollarize.
Took a short term loss in the NVDA 1 Put and bought it back=closed it. Loss = $61. My market indicators are confirming the direction of the price, downward.
Sold NVDA 1 Put at a strike price of 470. Rt 2 JNJ Puts. Rolled over SHOP and HUBB Calls.
I do not trade 13 cent stocks, I doubt that many others do either, here.
This was the longest Bear Market since 1948. As with the Great Depression, the emotional effects of a Bear Market last much longer than the actual Bear Market. Often when it is a strong Bull Market many will still think that is is just a Bear Trap. Study the numbers and reach your own conclusions, mine is that the last Bear is over and I am investing like it is a Bull Market. I do not try to capture the first and last 15-20% of a run up. I generally aim for the middle 60-70%.
$DOCU and $MMMW great new tech products. $MMMW news today and ultra low float.
DocuSign Sees Q2 2023 Revenue $675M-$679M Vs $670.37M Est; Sees FY24 Revenue $2.713B-$2.725B Vs $2.7B Est
BENZINGA 4:11 PM ET 6/8/2023
Also, the future earnings are good for DOCU, as stated by the report from the company.
DOCU was up after 4 pm by 10%+ on the news:
Earnings Flash (DOCU) DOCUSIGN Posts Q1 EPS $0.72, vs. Street Est of $0.56
I like the flexibility with any investment and I would buy a CD for the income. Yes, if rates go down it will be worth than par, but if they go down it will be less so.
I would buy a municipal bond/s instead. Tax free income.
If they move up, then I plan to unload the remaining Options in DOCU.
DocuSign options imply 12.2% move in share price post-earnings
THE FLY 1:04 PM ET 6/8/2023
Symbol Last Price Change
DOCU 57.95down +0.73 (+1.2758%)
QUOTES AS OF 01:57:14 PM ET 06/08/2023
Pre-earnings options volume in DocuSign(DOCU) is 2.6x normal with puts leading calls 10:9. Implied volatility suggests the market is anticipating a move near 12.2%, or $7.10, after results are released. Median move over the past eight quarters is 19.9%.
How much profit is there in pricing of GLP-1 products like Trulicity or Ozempic?
While there's a shortage of Ozempic in the US, Novo-Nordisk sells $316 million of Ozempic in China at a price of four Ozempic injectors (a one month supply) for $174.
That's $2,088 per year and still very profitable. In the US Ozempic costs $11,000 annually bringing in $7 billion.
During any period when a medication is in shortage, compounding pharmacies can sell a replacement.
So they're selling commercial semaglutide, the ingredient in Ozempic, for only $5,280 per year, half price, and making an absolute windfall.
Some are now offering a year's supply for $3,600. - https://abcnews.go.com/GMA/Wellness/high-cost-drugs-weight-loss-ozempic-mounjaro-users/story?id=99424157
I agree with Nick. A CD is an inflexible tool best suited for a short term hold unless one has a specific reason for laddering longer term CDs.
Here are some other ideas:
https://money.usnews.com/investing/articles/whats-the-best-treasury-etf-to-buy
I'm in the one more down cycle camp. There's too much upcoming pressure on consumers which will likely lead to lower earnings. One of our kids bought a home this year. As we did in 1980 with our first home; they've stopped going out to restaurants, the vacation this summer will be working on the house and while Ikea may get some business there won't be much in the way of extra purchases. Other millennials will be busy paying back student loans.
On the bright side, oil is still in backwardation but that may just be because the industry sees a downturn coming.
If you do not mind my asking, I was wondering why you think a CD should be limited to one year? Kindly provide some details to support your thoughts if you don't mind. Are you concerned about the stability of the US economy? With the US debt being raised, I do wonder if interest rates will go higher. The cost of servicing the debt should be higher now and I do wonder if many social welfare programs will be cut, and taxes will be increased on those who are the least able to afford it.
And an opposing point of view to the Bull Market:
https://seekingalpha.com/article/4610076-amazon-dont-buy-into-bear-market-rally?mailingid=31729545&messageid=morning_briefing&serial=31729545.24018&utm_campaign=nl-morning-briefing&utm_content=morning_briefing&utm_medium=email&utm_source=seeking_alpha&utm_term=31729545.24018
According to some we are in a Bull Market and if so, the following sectors should do better than the others: Communication Services, Industrials, Technology, Consumer Discretionary, Materials and Energy.
They should be working on overturning Roe vs. Wade.
Of course the Freedom Caucus voted against sending the gas stove Bill to the Floor for a vote.
They've promised to vote against all Republican Party aligned rules votes until they've negotiated a new deal with Kevin McCarthy because they're angry Social Security and Medicare checks went out on time when the debt limit was raised for two years.
The only thing the House will be able to send to the floor or pass is a bipartisan measure.
George Washington must be happy and smiling someplace.
Republicans in Congress are working on a very important bill to ensure gas stoves receive the respect they have earned. Florida representative Jared Markowitz, Dem, Florida has suggested a few amendments to the bill to ensure, maybe I should say enshrine, the great gas stove.
1. Create a six burner double oven for statuary hall.
2. Create a position in the US Dept. of Energy - Supreme Allied Gas Commander.
3. Rename the bill the Make Appliances Great Again bill. All of the bill's supporters already have the hats, shirts and yard signs.
MSFT and other large teck companies are getting a hair cut today, maybe the start of the turn around in many of these over bought stocks. Actually, my technical indicators are moving positive since the morning drop for them. I need more signals to believe this was just a little dip.
The SPX flirted with 4,300 this morning. Tech is the only sector down this week as energy leads.
OT: The new mini editor has a bug. When your screen refreshes it deletes your text. Feature or benefit?!
As the market is moving higher there is less urgency to buy insurance, via bought Puts, until about 3:45 PM.
Suppression of truth for fear of retaliation?
Showtime quietly pulled episode four of its Vice newsmagazine last week — one that featured a report on Florida Gov. Wokey the Dwarf's time as a U.S. Navy lawyer scheduler serving at the Guantanamo Bay.
Showtime had described Episode 4 as “Seb Walker investigates allegations from former Guantanamo Bay detainees that Florida Gov. Wokey the Dwarf witnessed acts condemned by the United Nations as torture during his past service at the controversial detention camp as a Navy JAG officer.”
The episode, slated to air May 28, was replaced with a repeat and Showtime is now referring to the June 4 installment as episode four of the season.
Vice Media filed for bankruptcy protection in May. At the same time, the company announced that a consortium that includes Fortress, Soros Fund Management and Monroe Capital has agreed to purchase the group for $225 million, including all assets and taking on all liabilities.
As long as a bank is FDIC insured I don't worry about it. I'm just looking for the best rates. You should keep your CDs at or below $250,000 per institution. That way you're fully insured. My mother had money at Washington Mutual when they went under. It was in limbo for a bit until JPM took it over and sorted out accounts but no problems recovering the principle.
Bankrate is a site I use weekly to check mortgage rates and other banking related subjects. Here's their list of banks rated by how safe and sound they find them to be.
Bankrate Safe & Sound Rating
Also don't forget to look at munis and other bonds that may give you more flexibility.
That should have read: I bought back the 10 Cash Covered Puts.
I would not buy a CD for any longer time frame than 1 year.
With PPO and MACD on a 10 day chart giving me a sell signal and it was confirmed by the 5 day and 10 minute chart, I sold 1/2 of the remaining DOCU, 10 Cash Covered Puts at 11.64. Still a gain, albeit a smaller one than I prefer to trade for, but any gain beats a loss in my book.
OT I was wondering what your thoughts were on buying a cd for a few years at the too big to fail banks might be. Which banks fall into too big to fail other than JPM in your opinion? Any thoughts on a Discover card cd would be welcome as well.
I would certainly welcome and appreciate comments from everyone.
Thank you Eric for the detailed list.
WFC.A 6.3%, BAC.L 5.7%, JPM.O 5.4%, MS.O 5.6%
I also own Schwab J, Fifth Third K, Metlife F, Public Storage K, Allstate C, Southern Co, AT&T A & C.
Each is roughly 8.33% of my preferred account. Average return for all 12 5.6%. This is down from 5.7% earlier this year.
Catching stock reversals with PPO work more than not. So it is one of my tools to spot a reversal as early as possible.
A safer move, but PFF is more diversified. Which are the symbols for your favorite preferred stocks in the banks? I started looking for them also, they will especially will be rewarded when the Fed stops and even more so when they cut rates.
PPO gave a very profitable "buy signal" for EXPE on 4/17 at a price of 93. I made a rt trade in EXPE 10 Puts.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |