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CENN is doing exactly what I want it to do, cycling around 2 to 2.50, just waiting for April 14 for the 2.50 calls to expire either in the money or worthless, hopefully the latter allowing me to write the May 2.50s. MULN has options every 50 cents I guess b/c the demand was large enough but for CENN I suppose there hasnt been enough activity for them to start writing them which is a shame, but for now the 2.50s will suffice.
While my lifetime average of .0093/share is not bad, leaving me about break-even, I do NOT use that for my trading decisions for future buying or selling (for the most part), it's all about risk/reward at any given point in time, nor do I "second guess" myself for buying on the way down recently from .017. Nobody can predict the future and in hindsight I am perfectly happy with my decisions, including if this were to go to zero (which aint happening, but just stating it b/c that has happened to other positions i have been in (so I could be wrong, anythings possible)). I evaluate each opportunity in its own bubble, and this one continues to be a winner in my mind.
Well, not as much patience as that one, but the concept is the same
They didnt fail at all, you are very negative without any proof. My goodness, people think this stuff happens overnight, news flash: it doesnt happen over night, until one night it happens, and then it happens overnight on that night. Ok maybe I am talking in riddles, so be it, all I know is that this is going to do well, the only thing is my expectations for share price may not be as high as others, but that's ok, I just want to establish a floor price when news comes out, whether that be 2 cents, 5 cents, whatever, but it won't be a penny.
Lot of negativity here. That bodes well for the stock. Granted it has come down lower than anticipated, but all the more reason to buy heavily, and though I normally would do that, I am buying at only a slightly higher rate than at higher prices, but if my cash position were stronger, I definitely would be buying at a higher rate right now, and maybe I still will.
Ive made so much money on this stock, and it continues to comply. Picked up 45K around these prices, if I can raise the cash I will add another 40K down here in wait for the next rally, it will come, I just don't know when but I don't need to know that, it's none of my beeswax. They are definitely determined on being successful I am sure of that, will they be, I don't know, the State of California is a bear, no pun intended as that appears to be the state animal. This is going to take longer than we all anticipated, so be it I can wait as long as necessary, it's out of my control as well as the company's.
well, picked some up on the dip down. Continued to be surprised on how this is being valued right now. Absolute steal at these prices. Company has plenty of runway, they just need to find the right opportunities.
maybe its just not as easy as we all want to think that it is. Ineptitude, sure it's possible, but we never have the full picture and I would be careful before I made any final conclusions. The good thing is that the market cap is nothing AND we have developed the methodology/technology, that cannot be taken away from us. And we are NEVER late on filings. Trust me, that alone goes a long long way.
yeah, ok, part of me wants to wring the neck of the CEO, part of me wants to give him a chance. If we can keep expenses down and just make some money on licensing the technology to others then we can make a small name for ourselves and keep moving forward, that's all I am looking for at this point, no pie in the sky.
wow what news. Well my rules dont allow me to sell, so I had to buy with one and a half hands, 1.15 mill shares, so far. Lets see what we can do to salvage things here, lets not give up the ship, please, hang tight.
Ive made so much money writing options on DPW/NILE over the last couple years its crazy. Unfortunately it was to cover shares bought at higher prices, but even still my lifetime average on DPW/NILE (including writing options) is .60/share, that's nothing to sneeze at by any means.
But my biggest "gamble" if you want to call it, to date, will be to write 1000 x May 2.50 calls for .20/contract if I can get that price after April 14th when a ton of my current options expire. Which will mean taking in $20K in cash with literally NO risk (.20/contract ($20) * 1000). If it goes to $2.70 by May 20th, I would have made a couple hundred grand on the stock itself from these prices (.70 to 2.70). If the options go out worthless, which I fully expect would happen, I would have lowered my cost on that 100K shares by another 20 cents.
Found money no matter what happens, found money.
Because I believed and continue to believe they are building a great company, I just didnt think that this was going to be the path, price-wise. That said, I picked up 200K today and own 4.16 million shares currently, so I always put my money where my mouth is. More just surprised by the price action.
Ive been dabbling in Knightscope here and there, but nothing worth talking about. I would load up a bit more if my cash position was better. I wont pay more than 6 bucks a share though, and the current price is pretty good.
Extremely disappointing on the share price side of things, I have to admit I am shocked. Forced myself to buy 80K shares just now, but this is NOT what I was planning by any means of the imagination.
Picked up at 2 bucks in the premarket and wrote the April 2.50 and 3.00 calls once the market opened. Found money this Mullen is, it's found money, you just need to know when to buy and sell and write calls (and puts), and you dont even need good timing at that.
it may seem that way but I assure you that under the covers these guys are working their tails off, you wait and see, I expect the press releases to be flowing soon, I couldnt be more confident.
well its schwab and so I sort of have to trust it has to work bulletproof, If I had all the data at hand maybe I would approach them but for now I will let it go.
thanks well something was weird actually, when I got the first fill for 4 puts, I got more margin, and then the second fill for four more puts, I lost some margin, fine. But when I checked how much margin was being used up for all 8 puts, it was $2000 which is what I would have originally have expected, but clearly if $2000 had been taken I would have ended up with less buying power than I ended up with, so not clear to me (I guess it would be $2000 - $360 (what I got for 8 x .45)) how I ended up where I did, but clearly the system is reporting what I originally thought it should. So I guess I am done writing for now.
Well my position is completely covered at this point with the April and May 2.50 calls, sure I could get run over, but the risk/reward of just holding outright has run its course. Sure this could be like Mullen, but look, Mullen is hanging just above 3 bucks, and there's no guarantee that this will hang at 3 bucks either.
That said, I just wrote 4 x April 2.50 Puts for .45, meaning someone believes it will go to 2.05 by April, AND IT COULD, but writing the calls AND the puts pulls in HUGE premium, I mean .45 Puts (just now) + .90 Calls (earlier this morning) = 1.35, which gives you down to 1.15 or up to 3.85 which is a HUGE spread to be profitable. Wow. Same thing with the MULN options except they are on even greater steroids.
the only thing with the Puts is that you need $250/contract in margin which is more than I want to pay but if my cash position greatly increases at one point, I will write the puts like they are going out of style, along with the covered calls.
Do what you need to do to be profitable.
LATE BREAKING: wow I just discovered that b/c of all the covered calls that I wrote, the Puts are effectively covered and so I didnt didnt have to use any margin to write the puts, wow, wow.
Stop it enough is enough man. Michael has worked his butt off for us, you have no idea how hard. Just wait, he's continuing to work, this will pay off but I dont know the timing, but its not his fault, it's never been his fault and people just dont get it.
Fantastic day so far. I have written hundreds of call options so far out of the money against my position, where was everyone last week when this was trading like water in the 50s, absolute steal I begged people to buy. Oh well, Heck I even wrote a few 5.0 April calls, oh my gosh, only got a nickel but still, we need one of these days once a month to write calls against.
I should have predicted that Imperalis was going to be used for as the shell for TurnOnGreen, with everything I know but there is just so much going on its hard to keep up with Todds shananigans, all good though, all really really good.
wow, really, wow. Maybe all the talk there around Mirage with regards to the higher/increase in fees is actually true. Shocked.
10K filed !!!
thanks for the heads up, nothing could make me happier. I really had thought that ~ .0026 was the bottom after which it had collapsed and then collapsed even further. Glad I stepped up to the plate, but honestly it wasn't easy, it still may not be easy. I want to see news, like sooner than later.
maybe, but we're doing the best we can with it, good price to get in for the next rally whenever it comes. All good, IN THE HOOD.
oh my gosh I just checked the ticker and wowza, after my last buy of 450K @.0012 it dropped as far as .01 and i just refused to buy any more. sometimes you get to the point of sheer frustration which i think i got to. I hope we have hit a bottom of some sort.
Cant wait until the MULN 2.50 March 18th Calls that i wrote expire friday, and that the price holds up to be able to write the April 2.5 calls at a good premium. Same for the MULN 1.0 April puts, after the March puts expire as well. Found money.
nonsense this is the opportunity of a lifetime, people will miss out, yourself included if yu dont jump in.
Picked up a measly 3K shares today as low as .535, literally have run out of money. This has to friggin turn around already, this is absolutely ridiculous, I just dont get it but I am not giving up. At this point writing options is a worthless exercise, and for anyone who wants to buy options, the underlying stock at this point is an option itself.
dont listen to what he says, read the filings.
Picked up 100K @.0141, i was hoping that the .017 was support, not happy that it had to come down this low but I had to take advantage of it. Are they not executing on their business plan? Right now their market cap is 11 million, wow, is this undervalued or what? Lifetime avg exactly at a penny, but that has no relevance if this goes to zero. Go PCTL!!!!
Where do you see he sold all his MULN?
https://www.otcmarkets.com/filing/html?id=15568807&guid=n_FwkWaAZZqQQth
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,406,776*
* Represents (i) 100 shares of common stock, (ii) 414,384 shares of common stock issuable upon conversion of 414,384 shares of Series C Preferred Stock currently owned, (iii) 1,195,376 shares of common stock issuable upon exercise of warrants currently owned, and (iv) 796,916 shares of common stock issuable upon conversion of 796,916 shares of Series C Preferred Stock that we have the right to purchase until November 5, 2022.
Of course he's not selling the shelf at these prices, are you kidding me? Nobody in their right mind would raise money at these prices, in fact just the opposite I expect the company is buying shares in large volume. I picked up 26K shares the last couple days, now up to 127K shares, and I missed the drop to 50 cents, I cannot believe it actually. This is the steal of steals at these prices, buy as many shares as you can get your hands on. At this rate every option I have written will go out worthless, crazy, but I am still underwater with a lifetime avg of 77.5 cents, probably better than just about any long term investor, including Todd by a longshot, but still underwater, depressing really, but long term this should do well.
That reply sounds exactly like I would expect him to respond. I am shocked by the price action, I really am. Picked up another 50K down here, and in fact, I guess I'll buy more as cash allows me to. Im thinking of adding another 400K from proceeds of a tiny part of my short positions which have done very well, which would get me to 4 mill.
Think about it those people that got in at a penny in the private placement, they are barely above water at this point (but they have warrants as well).
Lets hope this weeks trip to Mexico brings this home, or at least to the next step. I have full confidence in Ward to make this happen, whether the Mexican govt chooses to oblige is yet to be seen. What I wouldnt give to be in the meetings.
I was able to lower lifetime cost to 97.5 cents on this last spike using a combination of selling shares, writing (selling) March call options, and buying back shares, pretty good, but still under water as of the close. i am sticking with this, it just may take a while. If we get another spike, i will write April calls (or even March depending on the price action) to help lower cost. But under a buck I think its a good deal, even better under 80 cents where it just closed, just buy the stock outright.
well they've stopped trading of RSX, which i am not pleased with. All the calls I had written for expiration this past friday have gone out worthless but not knowing they would stop trading I didnt take the opportunity to write call for next friday, should I have anticipated that? Maybe, b/c on closer examination, the largest components have all stopped trading on Thursday so that leaves an ETF with most of its assets not even trading. We'll have to wait this out, but it does seem that selling is allowed, but if you do sell, then who can buy, I don't get it.
As you well know financials is not his strength, and attention to detail may or may not be, certainly for the Auditor to miss this is atrocious. Bottom line, if you look at the numbers, I think it was around 930K in salary, lots of laughs, the company didnt even bring in that much for the year. Like I said common sense, the numbers arent what one would normally interpret them to be. He hasnt taken any salary, just expenses.
Great find thanks, I love it, totally believe we'll be successul, picked up another 50K the other day at .0116, and will find a way to buy more if it stays down here. Now over 3.5 mill shares. Hmm maybe I need to buy more at this price, just sell other stuff with less potential. Hmm.
This has been probably the ETF trade of a lifetime. Currently holding 4600 shares @8.96, first purchase at 14.80, lots of call options written most of which should go out worthless, BUT, BUT, BUT, even though the premiums are juicy, you could literally get run over once big news out of this conflict, for instance if they take out Putin or he gives up, this will have a violent rally the likes of which will be written about for years.
So whats the plan? Write calls on any spikes in price, and if it keeps moving, keep writing calls at higher prices. Eventually some calls will be run over, but its an effective way to lower cost. For instance the March 11 8 call is currently at 80 cents, sounds pretty good huh? Well maybe but maybe not, it could literally get run over on a run even towards 7 - 8 bucks. My point, as tempting as it is to write calls, which I have done some of, its better to allow for a rally to spike the premiums. This Mar 11 8 call will fetch 1.25 or more at some point in the next week and it may just be run over in a huge way, theres no way to know, except that this is extremely oversold.
Let me know if you need more helps on your strategy.