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Instantly .10 at a minimum to start in my opinion. Chance to run to .50. Pipe dream is 1.00
I’m in Detroit and have had to send 30+ sets of flowers to employees who lost an immediate family member since mid March. 3 lost their husbands in the last 2 months...3!!! So we stay inside as much as possible and when doordash shows up we microwave the Coronavirus and nutrients out of our chicken parm or Thai food and call it good. LOL. Just a half hour away people are running around with no masks on but the covid bug hit hard here. Had 58 out of 250 employees on leave due to exposure at one point too. Been a crazy time here.
Sounds about right!!! There will be years and years of smoking away the demons from all the craziness that is 2020!
Rigged!!!! All of it!!!!
Short answer: yes
We have never eaten more take out than the last month or so of the shelter in place order. When we worked our way through the garbage that I picked up at the store with no clue on how long we would be stuck at home...we have been using DoorDash and carrying out non-stop instead of buying more frozen pizzas and stouffers meals. Can only eat that crap for so long.
Thanks FlipFlapMcgee! I’ve been watching the bid / ask much closer after your post. I agree with many of you that there is definitely much more interest in GSPE than in previous months, heck even years. I just hope the interest is long not short since we just hit the 52 week low in the past week. There are plenty of buyers so hoping that soon we will hear more info from management. Seems like this is the exact kind of activity that is confusing until it all makes sense after an announcement is made to the broader market.
I think it jumps to .03 when tau-2 drilling permit is approved. Hopefully in June.
Awesome thanks Philippe!
Just followed you on twitter. GLTA
Philippe, what email did you use for Mr Malanga? I feel like I saw it on the website before but no longer see it.
Thanks!
Hope you are right! Roku positioned nicely for the future in the digital content sector
Does GSPE typically release info After-Hours or Pre-Market?
Volume is INSANE today. Up to 19.5 Million. Highest volume I have seen in a long time.
Consider this me hitting the “like” button on your post
I agree. I also happen to live in Michigan. LOL so your post hit close to home on 2 levels.
Hey leave me out of this LOL
Wait so someone wanted to BUY about $400k worth of GSPE this morning?! Wow! That’s a good sign!
Doesn’t do anything for my July calls though...
¯\_(shoulder shrug)_/¯
Great thank you...fingers crossed!
Smith with things opening up again in Houston and Louisiana, when do you think a reasonable time to hear some drilling permit news would be?
I like the sound of that for one!
One word: Manipulation
Whoa
Zero volume today? Haven’t seen that in a while. Bid .0067 Ask .007
I appreciate your commitment to the board and all of the info you bring Smith
I appreciate all of your perspectives, on both sides...because things do change...and it’s smart to factor in all data from all sides in crafting an opinion. From what little I know, I firmly believe the set up for GSPE to drill is there. Absent the insurance dollars I may be less confident. However I remain cautiously optimistic that we will all be singing the Beverly Hillbilly’s theme song in unison when they strike oil...”up from the ground came a bubblin’ crude...oil that is...Texas tea...”. Good luck to all of you during these whacky times we are living in.
And 3:59 dump wow. 2.5M volume in last minute
Thanks Spec, was wondering the bottom line result there. That’s good to know. They have cash!
Agreed
¯\_(?)_/¯
Big 910k volume in first 5 minutes ??
Agreed and you make fair points. I’ve always been of the opinion that dollars sitting on the sidelines in a bank vault don’t factor into inflation because they aren’t in circulation diluting the dollars already out there. The second they hit the streets, different story. Just gave me some optimism that this unlimited QE wouldn’t completely ruin the dollar we each work for each day. I could be wrong as well but it made sense to me when I heard it.
So I was able to hear some info on these Fed dollars from a reliable source at the Chicago Federal Reserve and where these dollars are truly ending up. All they are really doing is sitting on bank balance sheets as reserves in order to provide more liquidity for the ratios banks need to maintain to loan out to the public. So it may not create the inflation you’re thinking because it isn’t necessarily all in circulation. They were able to give the banks more security to loan money, so sure those dollars are out there, but if it’s sitting in a bank vault, it doesn’t cause inflation.
I also appreciate your advice to not take advice from message boards. But not sure if I’m supposed to take that advice or not. Advice priced in.
I’ve been trading for a little while. New to trading SPY and this board tho. When I heard there were 3 expirys each week I got excited and focused on SPY. Like to use covered calls as a hedge.
Yeah I’m new to this SPY board. I’ve been on others for a while. I hear people talk about “filling the gap” and was just curious how they are calculating that.
Just curious how you calculated the gap to be filled down to 225 for SPY?
Gotcha. Thanks Spec
I know this is not GSPE’s core operation but since they were literally GIVING oil away for negative $40 per barrel earlier this week, does GSPE have tank storage available to receive the glut and take advantage of the surplus at rock bottom prices only to sell in the future? May be a dumb question but seems like there was a once in a lifetime type opportunity for those equipped to store it and sell at a much higher price in the future.
Ummm 10 cents. Oil just hit 10 cents per barrel.