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Whole sector is down right now. JOBY down along with all the other eVTOL stocks.
The liquidity issue is two fold the way I see it. It is still an unsolicited order stock until the 15c2-11 is filed and accepted. They got half the job done with the lifting of the "shell risk" label. I watch OTCMarkets everyday for filing news.
The other issue is getting a consistent news flow going. Just my opinion, however I lean toward they are saving any news they do have until audited financials and the 15c2-11 so it isn't wasted by unsolicited trades.
Today someone paid more for commission than the price of their stock purchase. 150 shares for .0172, haha. Then someone paid .09 for 100 shares.
Definitely pink sheet OTC stuff for right now. At least we are a step or two above grey sheet status.
Green Trades.
This is my one lotto play, so in it to win it.
Milton Friedman said to “Keep your eye on how much the Government is spending, because that is the true tax.”
Following its usual cyclical path. Will continue this pattern until commercialization IMO.
Buying dips and selling rips until then, while building a core of low priced or free shares. Just my style, not trading advice for anyone else.
Green Trades.
Gave you a follow. 😎
It has been slow coming, but at least progress. Waiting now for the audited financials. Then maybe the 15c2-11 filed so that the unsolicited only bids and asks can be open. Then would like to see some news. I will just hurry and wait, LOL.
For some reason I can't figure out, your links are active, however they won't open for me. They hang up and the page just remains blank. Up until now they always opened.
It just started a few days ago. Any suggestions.
Expect Q report any day now.
https://www.otcmarkets.com/otcapi/company/financial-report/409936/content
Yesterdays QQQ gap down has closed. DOW moves above 100 period and NAZ plus S&P are lagging just below it. Indicators all still oversold and wanting more up movement.
https://stockcharts.com/h-sc/ui?s=QQQ&p=D&yr=0&mn=6&dy=0&id=p71309936092
This is going to be an interesting rest of month for QQQ.
Including today it goes gap down and gap down while closing the May gap up.
May 16 and 17 is small gap up and gap up. Both about 1 point and lower at 406 is all that is open.
412.41 closed the upper one.
Currently all indicators are close to max overbought. This is all on a daily. Even with the massive drop today the longest and strongest VbP market structure zone has not violated its bottom, let alone confirmed. Price did close below the 200period so will be watching to see if that becomes confirmed resistance or support.
https://stockcharts.com/h-sc/ui?s=QQQ&p=D&yr=0&mn=10&dy=0&id=p72763524602
Couldn't pass on JOBY and an almost 1 year low, so picked up some shares. Time will tell. 🤪
Pre-market tonight looks like more down for tomorrow.
We shall see. Dow currently down 245.
Will be checking the markets when the pre-market trading begins. Volatility prevails.
The bounce, if there is one, needs to happen very soon or recession talk will heat up fast.
Target movement projections can be very useful.
Thanks for taking the time to share..
Markets in turmoil. Kinda like Dutch auction right now. Who is going to bid now and who will wait for lower?
Obviously didn't hold, so still looking for bottom. Gap area, ma or where she will stop is not yet confirmed.
Thanks for the updates.
Got my I on JOBY 5.26 (daily 200period) to see what happens there. What I like is that over the time it takes to create revenue the ups and downs will be tradable for profit. Just me, but I like getting to know stocks with in new and potentially disruptive areas and just trading them. If they don't pan out, I will still have made decent profit. I can always move to a competitor if I think it is better. Combo of scalping and short swing trading is my style as it controls risk. So much volatility like the markets today, I don't want to get caught. I raise mental stops on the up moves and takes whats there. Try not not get greedy or marry them.
Your 5.18 JOBY is a good number to watch as well. Right in the longest and strongest support/resistance zone beside the fib #. Agree the magnetism of the gap is getting stronger.
Besides JOBY, I do this with AVXL and and testing to see if NNE will fit the bill or not.
SMR I am watching 6.90 to 8.15 (100 period) if it doesn't stop here. Need to do more DD, but life got in my way a bit.
My bread and butter is scalping ETF's intraday. Never hold them overnight or weekends.
Green Trades.
JOBY should be getting into buy territory now. What general market does will have an effect.
August 7th after market close announced as release of financials.
No news that would make for todays drop other than the market.
5.46 is the daily 100period. Place to add?? Will it hold as support??
ACHR down also and following same trend. Sector effect as well as general market IMO.
Ok, got it.
Sorry that I Mistook you for a potential thoughtful poster. Won't make that mistake again by replying to or paying attention to anything you post.
2 1/2 years of wheel spinning and a "shell risk" label will do that. Until a 15c2-11 is approved at OTCMarkets and EGYF gets the bid/ask quotes fully in the control of broker/dealers the volume flow will be slow with generally wide spreads. Visibility will only come after that approval, audited financials and PR's of substance. Nothing unusual about what is still needed. One either has the fortitude and risk tolerance to move in now or they don't. The volume needed for true price appreciation and stability will come with that visibility. As of right now, no one knows the time frame until more info is divulged. Again, that is what one deals with when trading pink sheet OTC's.
If you think it doesn't add up then probably best to go elsewhere or wait until after it starts running to buy. Pink sheet stocks by nature usually have warts and are high risk by their very nature.
Those who do buy should do enough DD to understand what they have and how they plan to market their product in the energy generation sector. Do they have anything that could set them apart or give them a disruptive advantage etc? Answers to questions like those should help give clarity to one's decision process.
Good call. QQQ hit your 454 Call. Now to see whether the 100period on a daily holds as support.
So far today looks like it will. Tomorrow news will likely be the deciding factor. We shall see.
Latest from OTC Markets.
https://www.otcmarkets.com/otcapi/company/financial-report/408159/content
Starter positioning is wise with both of these IMO.
Looking at SMR (thanks for posting it) I can't rule out tagging the 100period on a daily which is currently 7.94. No position as yet since you just alerted me to it.
Need to do some DD on SMR as I know nothing about it.
NNE daily, I am hoping to see it confirm above the 50period (Daily 14.64) before adding more. If stuck below the 50 then 12.25 recent low may come into play.
Being cautious since it is so new that chart information only goes back 3 months.
Green Trades.
Ideally would like to see JOBY hold 6.20ish. We shall see.
A nice day for AVXL as it flirts with $7.
Here is an interesting article. Very pro JOBY, however, some great insights on BLDE and their market niche.
https://seekingalpha.com/article/4695887-joby-stock-leader-evol-aircraft-market-with-unknown-demand
https://exoswan.com/evtol-stocks
https://investorplace.com/2024/02/3-flying-car-stocks-ready-to-take-investors-to-new-heights/
"BLDE has a market cap of $286 million, while JOBY's market cap is $4.58 billion. That implies there could be more upside for BLDE investors if it manages to get its business off the ground."
Very important progress IMO. Been waiting and waiting for this to be accomplished. No matter the news the label needed to be removed so it could trade more freely. Now the audited financials and any news will have a greater impact on price and EGYF can more confidently raise its visibility to the market.
Should get interesting. One of my trader friends cashed out the last of his QQQ puts Friday and bought QQQ call spreads.
The weekly of yours is from July 6 so lacking two candles. Still an excellent chart 😃.
Price now 475 after gap down and three large red candles on a daily to end this week. Enough downside room to make straight calls a little iffy, which is why I think he went with spreads. Daily 50period at 469.85 is still possible before a bounce.
Gotta think the men in the smoke filled back room want to keep this market looking rosy as long as possible. We shall see.
https://investorshub.advfn.com/uimage/uploads/2024/7/21/vuikiScreen_Shot_2024-07-20_at_10.56.08_PM.png
Been busy trading. Sometimes I am just posting to myself it seems. LOL.
I do look at your charts. 😎
Green Trades to you.
Time for JOBY and AVXL to get back inside their bands.
Testing if this screenshot of the 1minute chart works.
https://investorshub.advfn.com/uimage/uploads/2024/7/16/driemScreen_Shot_2024-07-16_at_11.48.55_AM.png
For those who have stockcharts account here is the 1minute chart I have been following today.
https://stockcharts.com/h-sc/ui?s=JOBY&p=1&yr=0&mn=0&dy=1&id=p52108805474
JOBY hot again today. + .50 so far today.
Watching the declining volume as daily chart very overbought.
1minute chart shows buyers still active. Hmmm. Will it stall for a bit here at 7.47?
Update: 7.53 now with 189,000 shares mostly buys in 1 minute. Lots of fun. 😃
Overall bullish, but don't like giving back any large chunks. Don't mind trading up and downs at all.
Watching to see if this follow through can hold the weekly 50 period for support on AVXL. 6.90 to 9 is a strong resistance zone. Reality check at 200period 5.84 to see if 7.73 is possible before thinking of 9.
For those with a stockcharts account.
https://stockcharts.com/h-sc/ui?s=AVXL&p=W&yr=3&mn=0&dy=0&id=p96688372004
Green Trades. Still think without news it needs to breathe and calm the overbought indicators. We shall see.
On a daily. 6.899 is gap fill territory from end of 2023 plunge. Could be strong resistance or go go spot, depending on news etc. Current ADX reading is alarmingly outside its normal deviation pattern.
https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=8&dy=0&id=p61541712426
AVXL hit weekly 50 period resistance and broke through daily 200 period. Where will new support be as still in a relatively strong daily resistance zone?
Wow, JOBY testing $7 and breaking through daily and weekly resistance. Need staying power confirmation. Big ? now is where will price hold and build support? Both daily and weekly charts showing excess highs and hot indicators.
If you are a buyer just know that chartwise price is overbought right now and needs cooling, so do your DD and understand the odds ST and LT of more appreciation. Might be wise to set a mental stop loss. Just my opinion, not advice or recommendation. Trade by your own rules and strategies.
Never wrong to take profits along the way. We all have different goals and situations.
Best wishes to all for Green Trades.
A little Sunday night reading from the bullet points of a ZeroHedge article.
Link to complete article. https://www.zerohedge.com/markets/usd-really-too-big-fail
Since 2008’s GFC, Putin has been hording gold;
Since 2014, global central banks have been net-sellers of USTs and net buyers of physical gold;
In 2023, 20% of global oil sales were outside of the USD;
Despite being pegged to the USD, Saudi Arabia, the UAE, and other GCC nations’ favorite import out of Switzerland this year is physical gold;
More than 44 nations are currently executing trade settlements outside of the USD;
Both Japan and China, historically the most reliable buyers of Uncle Sam’s IOUs, are now dumping billions and billions worth of them;
Russia is the world’s greatest commodity exporter, and China is the world’s greatest commodity importer—and they like each other far more than they do Biden or the next White House resident; more importantly, it is a matter of national survival for China to buy oil outside the USD;
Russia is now selling oil to China in yuan, which the Russians then use to buy Chinese goods (once made in America); thereafter, any delta in the trade is net settled in gold (not dollars) on the Shanghai Exchange. This, folks, is BRICS scalable (think India…);
Between swap lines, the CIPS alternative to the SWIFT system and rising negotiations between Gulf oil nations and other BRICS+ big-whigs, the current move away from dollar-denominated oil trades is real rather than imaginary;
Given the growing decline of physical gold and silver levels in the New York and London exchanges, they can no longer price fix gold as in the days of yore, nor can they justify a different 200 moving day gold price than one more fairly priced in China’s exchange;
The BRICS+ nations are no longer USD pawns but rising rooks. Their share of global GDP is surpassing that of the G-7;
In 2023, the Bank of International Settlements declared physical gold a tier-one asset alongside the 10Y UST;
Nations are openly (and naturally) preferring gold as a reserve asset over the other “tier-one” option–a dollar-based IOU of “risk-free-return,” which by any honest (current and future) measure of inflation offers a negative real yield, in other words: “return-free-risk;”
No matter how enamored the green crowd is of ESG, we are decades and decades (as well as trillions and trillions) away from carbon-neutral, and like it or not, energy matters and fossil fuels literally fuel the world;
China and India each have populations of over 1.4B. If oil demand increases even slightly in either of these BRICS countries, oil prices in rupees and yuan (and every other fiat currency) will explode—and two of the biggest players in the oil space don’t want to use dollars to pay for it. Instead, they’d prefer to net settle their oil and gas in gold, which buys more energy than dollars can;
Given that the annual production capacity for oil is 12-15X that of global gold, and with gold increasingly becoming the favored oil payment, gold’s price relative to oil can only go up;
This explains why gold is openly (not theoretically) becoming a more trusted reserve asset than the UST:"
In short, Energy matters, and rather than the USD being the base layer of money (see above), energy very well could be.
And THAT, folks, is how a system changes “violently and or militarily,” as most US direct and proxy wars have something to do with…oil.
And that oil, by the way, is increasingly being net-settled in gold—day by day, and minute by minute, for the simple reason that history is like a hockey puck: You play where it is headed (gold), not where it sits (the USD).
XBI up 6 days in a row and AVXL up 6 days in a row.
Very similar daily charts since May. Last 6 days are almost cloned.
Great to see follow through after yesterdays pop. Would be awesome if yesterdays gap up becomes a permanent runaway gap. Price is now outside all standard metrics on a daily chart, so when and how much will it settle back to create a new support level. Time will tell. Who knows, there may be more news coming and price will keep going up for a bit more. Aren't these type of new emerging and potentially disruptive stocks fun? 😎