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It’ll close green today and tomorrow, the put premiums demand it
IMO, of course
Crude has potential for further decline around 7/22, might keep half just to see, move half over to the R2000 bear shares
Maybe I’ll consult some coffee grounds or something, live animal sacrifice, I dunno
TZA still rockin......will be moving SCO profits into this, Russell 2000 hasn’t been beaten down to where it belongs, not even close
Crude has a few more $/b to give back for now, looking to close the SCO position when we approach $68/$69 per barrel
Gonna go lower later this summer, just don’t want the money to stagnate until then, will re-enter at some point
Any return to near $32 is a buy for me again
I’m familiar with all that but I spend zero time in those places. Well over a nice 10% scalp. Also, there’s more premium to collect off puts this week instead of calls, would assume the price will stay above a certain level to ruin the puts
I don’t remember seeing it
No sweat off my back though
Money is money
Was due for a pop of off $32, still some weakness in late July before a strong August. There will be more dips, but today and tomorrow look good
Some lawyer is currently soaking them for a $25k retainer to file some sort of lawsuit on their behalf......can’t make this shit up....even if some court were to entertain it, Wall Street Bets would be fucked, there’s no way there wasn’t a front load
That won’t be until this fall, but it will happen
The run up into the 70s had the brakes slammed on it. Was supposed to go higher. Most people blame it on the CEO and the selling of shares, maybe, maybe not, doesn’t really matter. The market has a memory, it was a pay me now or pay me later situation, later is coming in August. The run up last time was not allowed to complete its top.
Aside from that, the rest of this week should be profitable from current levels, but don’t rule out further pain next week. 8/3-8/19 is the window
Crude continues to slide.....I’ve almost achieved ejaculation
Whatever is going to happen here is going to happen in August, after that, the party is gonna be over for a long time
It’ll be back under $10 before thanksgiving
Now $3/b off the recent high.....
Weeeeeeeeeeeeeeeeeeeeeee
30.75 here, 100 would be sick, expecting major market correction over the next month, this thing had a remarkable performance during the covid crash, couldn’t NOT long this for the impending doom
32 is a turning point low, might probe a little lower in the AM, that would be the E and final part of the E-wave. D would be pushing a little under and E would be crossing back over 32. Will spend the next 2 days going up afterwards. Especially Friday, puts need to expire worthless, they outweigh the calls
Their debt situation has improved, it hasn’t been solved, won’t be any dividends
Common ground, cheers
Message and block is for pussies
So you’re staying an extra 2 days?
See? Link back
$32 still possible this afternoon or tomorrow morning, needs to hit it, if it does, I’m loading for a nice pop off that level
My TZA holdings agree
Crude getting shellacked today, ya love to see it
You made my point, that 50MA acted like it wasn’t even there, straight through it and stayed under. $32 is a level that was significant on the run up, it will remain so on the backslide. Once it retests there it will become sticky, sort of like $50 was a while back
SCO almost $18
TZA over $32
and the real carnage has yet to begin
Weeeeeeeeeeeeeeeeeee
Not when it needs to go lower it doesn’t
The charts don’t matter here, human emotion and psychology drives this one, very much like commodities but with a touch of fraud
Has nothing to do with a gap, it’s tied to market memory and human emotion
No. $32 will happen, needs to. What I refer to as violent would refer to volume. If it goes screaming down on higher than average volume it’s likely to probe down through it a little lower, if it’s on lower volume it should be a little more gentle.
Junk bond yields are lower than the rate of inflation......if the economy continues to “boom”, those investors won’t make enough interest to account for the inflation, if the economy tanks, a bunch of those companies are gonna go belly up
Sure, congrats
Better odds picking a pony than this POS
I don’t work for you, Fidelity has had them DAILY under 1.5%, as low as 1.1%, I have no dog in this fight, just speaking facts. Once availability goes down, cost to carry goes up, right now they are both well into a reasonable range. Nothing about recent price action has led my broker to restrict borrowing OR jack up the APR, when shit gets real, there will be no borrows as brokers attempt to protect folks from themselves, as well as their own margin debt
And take the Russell 2000 down with ya.....fucker
Crude down almost a dollar from yesterday’s high. Once the UAE wins the right to ramp up their production, the Saudis and Russians will demand the same.....they wanna get paid whatever they can as the world is winking at carbon safe alternatives.....let’s get stupid with the supply please....shorty wants blood
The is no squeeze on the horizon when there’s millions to borrow, daily, for less than 1.5%
Is it 2 girls 1 cup?