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.
Thanks Ferda!
(Lloyd Christmas Dumb and Dumber voice): well this party died...
Simple. The MM’s are playing games to artificially control the stock price. This is not the “magic of the market” you learn about in economics class. This is a premeditated trade of $6 worth of stock to drive the price down for either their clients’ benefit or their own.
Classic manipulation like you read about
Thanks Smith. I’m with you on that...let’s drill that well!
Totally agree! I liked seeing the wheels in lotion of making Tau-2 work!
Just didn’t like seeing those 2 things so glad to see the going concern is always in there. Whew!!!
I’m in this for the long run tau-2 drill as well...hopefully the delay is not long and we can get the well drilled and oil flowing!
Thanks Phil...I speed read this real quickly and saw that it appears we can expect a delay in the 2020 drilling campaign?
Also is there always a “going concern” in the first paragraphs of the financials?!
I’m LONG GSPE but wasn’t too happy reading either of those 2 items.
Congrats!
So gspe just keeps issuing more shares?
Sorry...”How” many of you trade for a living...?
Out of curiosity: many of you trade for a living and how many of you have a regular job and do this on the side?
100% agreed on this. Predicting 280 by mid-July
Hang in there Tripledog this is a brutal business but when you find a strategy that works for you, it can be very lucrative. I am not sure what your trading strategy has been but I am an advocate for hedging your positions to prevent total loss of your portfolio and trying to hit singles and doubles by ringing the cash register on a winning trade and not swinging for the fences trying to hit a home run on every trade. Godspeed and good luck to you!
Agreed!
I bought calls a long time ago. Still down big time. Hoping to hear some good news soon! GLTA!
Congrats capt!!!!
Wow these are very good posts. Thanks MktMvn!!!
Get the OPEX from the 2 words: OPtions EXpiration
When many options expire on the same day, it’s called opex. Typically referred to when monthly, quarterly, and annual options expire since they are issued further in advance than the 3 times per week SPY options that are only available for like 6 weeks out.
It is a pretty basic options play. If you’re just learning I have found Investopedia to be a good resource. Here is the link to Debit Spreads: https://www.investopedia.com/terms/d/debitspread.asp
Good luck!
Just my opinion before you all bite my head off: RH1010: If you are limited financially and are confident in a direction straight up like that, I would recommend you buy a debit call spread. Buy Aug 21 $340 strike calls for 1.86 apiece and sell to open $350 strike Aug 21 calls for .89 apiece against them. Your gain is capped at $10 per contract but you will only pay a little over a dollar per contract and your potential gain is about 1000%. So if you have $1,000 to invest you buy 10 of them and if you’re right you’re looking at turning that 1k into $10,000’ish
One thing I noticed is the bid / ask spread is much tighter today than in recent weeks so perhaps today hasn’t been as attractive to the swing traders trying to scalp a little here and there with the larger bid / ask spread. When it’s tight like this it’s more likely that investors are buying value on the company vs buying value of a perceived cheap price they can turn around and sell the same day.
Just my opinion / observations...
I’ve been hedged this whole time and getting smoked for the last 2 months. Had my best week since Feb last week. I’m not long or short, I’m hedged. Which has been a shit position to be in lately. I think the MM’s will wipe out the robinhood traders who think this is easy and stocks just go up forever in a straight line. Newsflash. It has never been like that and they won’t start now. They will pull the rug the second no one expects it. I am suspect we test the recent lows if not even lower. 219 for sure and maybe even 200. I’m hedged dollar for dollar down to 245. We could be that low in a finger snap. I’m shocked we havent had more days like Thursday but I think we are in for many more of those soon.
Lmfao!!!! I read both you sent last time. I personally look forward to it.
Just checked in on the SPY board and the last 3 post subjects were: religion, drinking booze and golf.
What bothers you guys so much about what Smith posts? It’s at least relevant to GSPE / the O&G industry. It may not directly impact the stock price but he isn’t in here preaching about god, talking about what he is drinking on his deck tonight or how many holes in one he has had.
If you don’t want to read his posts, you don’t have to and are free not to. I would argue your posts pointing out how his posts aren’t relevant to GSPE are less relevant than his by a long shot. I will continue to read ALL posts on this board. If Smith didn’t post there would probably be zero posts in here each day. I appreciate he at least tries to bring something to the table since GSPE management hasn’t peeped a word in a while.
There is no resistance whatsoever until 305
I have no dog in the fight here but without Smith’s post this board would be dead. I appreciate the updates as the more info we all have readily available the better investment decisions we can all make. I also follow the SPY board and I would say the things Smith is being accused of are a thousand times worse on there. At the sake of repeating myself from prior posts the only thing that will lift this stock are: drilling permit, find oil, find lots of oil. Period. However I don’t think it’s a terrible idea to review industry updates in this forum. Just my humble opinion. I appreciate all of your perspectives since a broad perspective will help us all make the best decisions and I do not pretend to know it all and I don’t have the Louisiana sweet contract price at my fingertips each day. Good luck to all!
Look out below!!!!
Strong agree. What a joke.
Wall of 24k shares sitting on the $310 bid line... LOD is not surprisingly 310.01 LOL. Watch out if those $7.4 Million in shares get sold off...there is almost no buy support left until 305 (35k shares sitting on the bid line there). There are 27k sitting at 300
Glad we sold when we did! Spy down on day now. Wow!
Congrats Morphius. Same here. Got out of 322.50 calls for 100% gain. Nice little sweat on a casual Wed afternoon LOL
I just bought 4 322.50 strike calls that expire today gambling on the Fed injecting 3 trillion more into the robinhood millennial’s back pockets at 2pm. Also have June 22 310 puts so I am happy with a move in either direction in the short term.
These kids will hand it all right back in the next 2 week and will be telling stories all summer long how they made 200% during the pandemic (failing to mention how they handed it all back to the MM’a) while crushing white claws wearing red white and blue tank tops in the pool at their apartment buildings
Agreed agreed agreed
It’s hard for me to believe that these companies should be valued as high as they currently are considering the job loss that has recently been sustained.
A lot of people mistake the economy for the stock market. They are not one in the same. However a struggling economy cannot support a healthy stock market.
I am at a loss for words watching the stock market behave in this manner and I am personally hedged to brace for impact for when the failing economy catches up to the inflated stock market.
This really has nothing to do with GSPE in my opinion because GSPE’s future depends on 1) an approved Tau drill permit 2) finding any oil 3) finding ALOT of oil
I am thrilled to see .0094 today...however I am down about 75% on my GSPE investment and at this point it seems to be an all or nothing to me. They either get a permit and find oil, or they don’t. Anything in between is just white noise at this point.
This is not directed at you Smith, I just hit reply on your most recent message.
Yup! Exactly. Couldn’t have timed it worse. LOL
Oops sorry I thought that was the daily. The daily looks just like that...a giant V
Wow so I NEVER do this and I bought puts that expire today. I bought them at the bottom of the V in your chart. Just further confirmation I am just living in a simulation and this can’t be real life.
Appreciate the analysis MktMvn
Instantly .10 at a minimum to start in my opinion. Chance to run to .50. Pipe dream is 1.00