an educated man is unfit to be a slave
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.
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.
APT a great add and hedge to any long-term portfolio at this evaluation off of the panic dip from earnings. Trailing P/E of 6 after reporting fully diluted $1.94/share for 2020. Currently at $10.27, down 15.47% on the day. Do your own due diligence and good luck!
Get in now, and you'll be ready for blow-out earnings and the imminent short-squeeze! Looking for a minimum of $15/share. Once the new earnings come out, the P/E of APT will be 6, true value you won't be able to find anywhere else in the Russell Index!
$ GOLD is back in buy the dips mode here at 1,785/oz !
First time GLD has opened the week under the 50 weekly average since the plandemic bottom!
Dollar is rallying and just about everything else including precious metals and equities are dropping. Setting up for a volatile October lead-up to the election.
What type of October surprises are around the corner?
Next week is setting up to be a fun one. I don't think the market has ever seen that kind of volume on the Thursday and Friday leading into labor day.
I feel that if the USD does not reverse tomorrow on the daily and weekly chart; and than ultimately on the monthly going through September that the long-term damage that would be done on a breakdown will create generational damage to our economy.
Watch the USD index and watch commodities.
UVXY death cross today as the S&P 500 flirts with a new all-time high. Ironically, the golden cross in March marked the height of volatility. Are the summer doldrums about to come to an end, is market volatility on the verge if an imminent reversal?
USD index is smack dab in the middle of the consolidation range. Not sure if the next move is a continuation and we break down the double-bottom at 92.50sh or if this is a reversal and the next move will break the 94.00sh resistance...
Vix heating up again. Was watching the UXVY 22c that expire Friday more than tripled in the final few hours.
Today's price range on the SPY of 1.21 ties January 9th for the tightest range all of 2020 while the VIX which traded in a 75 cent range, the lowest since February 19th.
Something else I noticed on the Dow Jones Industrials, right after the death cross in March, they bottomed.
Now tomorrow they will golden cross with the 50 day moving over the 200 day; will this once again prove to be a lagging indicator but in the inverse?
It's almost like there is a "black swan" event out there that will imminently make itself known...
Also check out the VIX which is comfortably returning to a spot it may reverse from while at the same time refusing to fill the gap it left behind.
AAPL and MSFT continue to be a vacuum for cash, is this a repeat of the March 2000 tech bubble? I think the valuations are ridiculous but maybe someone can justify them, is it the lack of competition?
Still short FB and also short LVS (most overvalued casino play by far). Market running out of bullish news, stimulus, weakening the dollar, and President Trumps' threats of executive orders can only prop the market up for so long. Yields have only traded lower than today in 1 other session and that was March 9th. We know what happened right after that, everything got smashed, even precious metals!
Will gold futures close green for an unprecedented 14th session in a row today?
Short facebook and spy into the weekend at the close. Have a good weekend! Good luck! Hopefully the u.s. dollar doesn't completely collapse and perhaps it found a bottom this morning!
Tomorrow is going to be a nice fat gap up after aapl, fb, amzn, and googl reported.
Watching for the usd index to target around 92.37 before potentially reversing. As it stands right now, gold stock may have put in their local top Monday and if they are leading than a stock market top as well as the dollar finding a bottom may happen on or before Wednesday.
Watching TLT as it may dump tomorrow if more money comes in to fuel the tech bubble.
Plays this week... All SHORT (I'm very bearish right now)
RDFN, TSCO, ERI, FB, and FCX
Special shout out to the Chief Technology Officer who was smart enough to sell 5,000 shares at the top of this bubble!
Charlie Lee of LiteCoin will still be the ultimate king of insider selling though, haha.
Bearish at the moment on MRO, RDFN, FB, and NEM
Yes surprisingly NEM, looks to me the U.S. dollar is going to have a rally, at least in the short-term, and potentially a strong sharp one considering it could turn into a short squeeze given the consensus on the dollar is down down down but that trade has gotten crowded.
I see $GOLD breaking south of 1800 as the dollar rally gains strength to close the week.
FB is severely fundamentally overvalued and the technical indicators are showing triple and in many cases quadruple bearish divergences.
Also continuing to watch AAPL, that's become arguably the most croweded trade to the long side, it's clearly in a bubble, but it has even surprised me, exceeding my top call by 2 days. Today's candlestick doesn't look promising, and exhaustion may have finally kicked in? Had some strong red candlesticks into the close.
Oil is in a glut (so is natural gas) as many producers began to turn back on the spickets in July. The inventory report came in as a significant gain of 5.65 million barrels when the consensus was a drawdown! The V-shaped recovery that was touted by Wall Street may turn into a W? Worse case scenario is right now we are the equivalent of Japan in December of 1989 and we'll see interest rates turn negative and this will become the lost generation for the stock market!
Good luck!
Yield on 10-year, U.S. Dollar Index, AAPL, and TLT are keys to the market it seems. AAPL surprisingly pumped higher again today, the yield on the 10-year rose as bonds weren't in favor and the U.S. dollar index took a beating which propped up the markets including oil. Which was projected to lose 2 million barrels from storage but instead gained it, crazy.
AAPL - Topped out forever? I truly believe yesterday's high in AAPL will be a high that will not be seen for at least the next 16 months, if ever again... yeah I said it... I wanted to put that out there since I was super bullish on AAPL in many of my recent posts from 2013, and it went on a helluva run, now the largest stock trading on the U.S. markets, but I think its run is done, and I think the markets overall are now entering a bear market, maybe a bit of stagflation?
Hopefully what happened this week isn't going to turn into the equivalent of what happened to the Nikkei in Japan in December of 1989, they still have yet to come anywhere close to that level over 30 years later and have battled negative interest rates for a long long time!
Thanks, maybe I'll start posting again! I like MRO and RDFN short right now. Best of luck trading!
Judge rejects request to delay shutdown of Dakota Access pipeline
FARGO, N.D. — A federal judge on Tuesday rejected a request for an emergency order to delay the process of shutting down the Dakota Access pipeline while attorneys appeal a ruling to shutter the pipeline during the course of an environmental review.
Pipeline attorneys filed the motion — along with a notice of appeal — late Monday after U.S. District Judge James Boasberg ruled to stop the flow of oil by Aug. 5. In denying the request for an expedited ruling, Boasberg said he will scheduled a status hearing to discuss scheduling when he receives the Dakota Access motion to keep the pipeline running.
Boasberg ordered the pipeline shuttered while the U.S. Army Corps of Engineers fulfills his demand to conduct a more extensive environmental review than the one that allowed the pipeline to start moving oil near the Standing Rock Indian Reservation three years ago. Boasberg cited the “potential harm” that the pipeline could cause before the Corps finishes its survey
Dakota Access attorney William Scherman said in his motion filed Monday that shutting down the pipeline requires a number of time-consuming and expensive steps that would take “well more” than 30 days.
Jan Hasselman, the EarthJustice attorney representing Standing Rock and other tribes who have signed onto the lawsuit, said in a court filing that the proposed “rushed briefing schedule” wasn’t appropriate because it would not have given attorneys a chance to argue the motion in court.
The $3.8 billion, 1,172-mile pipeline crosses beneath the Missouri River, just north of the reservation. The tribe draws its water from the river and fears pollution. Backers of the pipeline say it’s state-of-the-art equipment that has function for three years without any issues.
SOURCE: https://www.marketwatch.com/story/judge-rejects-request-to-delay-shutdown-of-dakota-access-pipeline-2020-07-07?mod=mw_latestnews
If the VP doesn't like the company at this price, why do you? Not to mention the bond rating downgrades that recently occurred and the literal likelihood that further downgrades are coming. Not to mention, the technical analysis at this point is looking towards a retest of the $3 low from a few months ago.
If you are having trouble seeing what I'm talking about, flip your chart upside down, Many chart services offer this for free. If yours doesn't, you can also print the chart from your favorite supplier, and place it on your desk upside down.
Things are not looking good over the next 12-18 months for this company; assuming they even make it that far!
Cheers!
"See you at .01" -taubytaub
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128058217
"He'll be crying when we in penny land" -taubytaub
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128058743
Good luck!
Hardly, I have a bid in at .0017.
When is it going straight to .01 like you promised me?
Told you, they are still selling shares. Not that I want to be right here, but it's just obvious, transfer agent been reporting weekly increases in O/S and follow Level II for more details. Good luck everyone.
Understand, but the technology value does fluctuate based on the total market cap. of bitcoin the underlying "currency" imo.
Technicals suggest bitcoin is going to pullback here from over 900 to retest 800, not sure if this stock has any relevancy in trading in-step with bitcoin, but just putting that out there.
For alternative currency traders, it appears gold is a better prospect for the short-term.
Good luck traders.
Out for now, looks like the company has a lid on this currently as they're still diluting shares.
Could be the company selling shares as they have been over the past 4 months.
What happened here this morning, do the diluters still have an active hangover from a long weekend?
3ch0, you have to be blind if you think dilution is not taking place, no one is making money on this stock except company insides and the toxic debt holders. Do you know any one making money on this stock?
Another pump and dump apparently, the only people who've ever made money on this stock are penny pump and dumpers or company insiders and that will forever remain the pattern until it changes. Sad but true as the company sits just above all-time record lows.
kgs, the block you saw many weeks ago was probably for 100 million. 1 billion wouldn't make any sense, it not only exceeds the total authorized, but the total outstanding.
There they go again diluting, can't even wait, even defunct bitcoin plays are up 20% today...
I think it's around 320 million. If the diluters stop selling shares, this could easily rise to a penny and beyond this week with all eyes on bitcoin and blockchain technology given the recent news.
Not to mention bitcoin is likely to be hitting new all-time record highs, and will also soon surpass the price of gold which will keep it in the headlines.
Nasdaq CEO is already gloating about how great the technology is. Many already know the truth is that bitcoin and blockchain are the greatest inventions since the internet itself.
What remains to be seen is if this company has a viable business plan and revenue-generating model?
Strongest share volume ever in this issue. As long as the diluters stand clear, this will hit a penny by the end of the week. Keep an eye on Level II and be savvy.
Yes bitcoin and blockchain is hitting the mainstream media, 2017 is that year. There was also big news in regard to Microsoft integrating the technology in future platform releases.
Bitcoin will surpass the price of gold soon.