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.
Yup, took a little beating today but am now all cash. Don't want to hold anything overnight. Friggin MSTR got me good...the little bugger.
Grabbed IYR July 85 puts for $2.25
LYSCF The U.S. Department of Defense has signed a $120M deal with Australia's Lynas (OTCPK:LYSCF) to build the first "heavy" rare earths separation facility in Texas. The contract, which will be entirely bankrolled by the Pentagon, builds on a similar award granted to MP Materials (NYSE:MP) in February for a heavy facility in Mountain Pass, California. Last year, the DoD awarded the two companies contracts to construct "light" rare earths facilities as Washington looks to counter China's dominance of critical mineral supply chains. Premarket action: MP +3% to $35/share.
What are rare earths? The term refers to a group of 17 elements that are used in everything from high-tech consumer electronics to military equipment. Despite the name, there are deposits of them all over the world (some of them are even hundreds or thousands of more times abundant than gold), but the elements are still called "rare" as it is unusual to find them in pure form or in concentrated quantities. As a result, they are difficult to mine and refine profitably, and in the past, there have been strict U.S. environmental regulations related to extracting and processing (think toxic wastewater and radioactive residues).
"Putting aside any geopolitical issues, what we've seen from the pandemic is that any singular supply chain has risk associated with it. So this is a terrific opportunity to address that risk," Lynas (OTCPK:LYSCF) CEO Amanda Lacaze declared.
Go deeper: The U.S. is highly dependent on rare earths for its military capabilities like lasers and guidance systems (a Congressional Research Service report in 2020 even found that each F-35 required 920 pounds of the materials). Chinese dominance of the market has meanwhile allowed the country to control prices, leading to additional barriers to entry and putting pressure on upcoming challengers. In fact, Beijing's "Made in China 2025" strategy aims to create a vertically integrated supply chain that dominates mining, magnets and high-tech manufacturing that could also impact everything from defense components to electric vehicles. (1 comment)
Wow, that would be something to watch
Did you hold mstr overnight?
Musk Says Q2 Has Been A "Tough Quarter" For Tesla In Internal Email
https://www.zerohedge.com/markets/musk-laments-tough-quarter-tesla-internal-email
MicroStrategy Now Down $1B on Its Bitcoin Bet
https://www.coindesk.com/business/2022/06/13/microstrategy-now-down-1b-on-its-bitcoin-bet/?fbclid=IwAR0PojJ6uNeoOUOTVORmyuVOzMyimwbLrEgyKCOypnRapSSD48oYxv9UDMs
Nice timing. Those REIT charts look very nice going forward. Thanks for the headsup. Already seeing inventory levels growing here in NC.
Crazy out there! TSLA 3/1 FS filing is nearly comical.
Ouch! ‘Crypto lending platform Celsius pauses withdrawals, transfers amid ‘extreme market conditions’
https://www.marketwatch.com/story/crypto-lending-platform-celsius-pauses-withdrawals-transfers-amid-extreme-market-conditions-11655089099
Yowza!!
Bitcoin $25,700. Splat!!
Futures are rosy…red
What a wild trading morning. I bought Tesla puts from the dentist chair at 10am. Lol.
Now your baba pops. Go figure
AMZN falling under $2300 pre split
Interesting, although I don’t feel that is the reason the market has gone red today
https://www.zerohedge.com/markets/stocks-puke-red-after-report-sec-market-structure-change
I’m finding that the way to play this market is to trade the first half hour and then call it a day.
I was hoping shop would dip some prior to the spilt run up. But it’s just not cooperating. Lol
There’s money to be made on the upcoming slide in the real estate market. But where, not surr
This is not (just) another roundup of tech layoffs
After a month that saw nearly 16,000 tech workers lose their jobs, June is off to a similar tumultuous start. Startups across all sectors, from healthcare to enterprise SaaS to crypto, are laying off portions of staff and citing, seemingly, from the same notes: it’s a tough market, a time of uncertainty, and a correction toward sustainability is needed.
https://techcrunch.com/2022/06/03/not-just-another-roundup-tech-layoffs/amp/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAK2QiRMYmncIJ6HgQm1Ww6vevk1SukHLA2IuRMRbI62VlRXTcrpJMUMzS5WMjBMrcrChIEmCWSY3vMo-jA1zmZk11g7fWtRnNwMH2aXRQ2Hhfhe6_cUopUknLk4nD0u_r_NJmLvoG0w5Y7fKCXbfVGp2xpvQL4eqeX8EchCiZhZb
Big Macs on me!!
Heck yeah, I’ll be ready!! I made $9 today. Hahaha
Reality clobbers Elon Musk
The Tesla CEO reportedly said in an internal memo to staff this week that he is prepared to cut staff by about 10%, citing a "super bad feeling" about the economy.
https://www.axios.com/2022/06/03/elon-musk-tesla-remote-work-layoffs-stock?utm_source=facebook&utm_medium=social&utm_campaign=editorial&utm_content=economy-business-elonmusk&fbclid=IwAR1QOgnzD48kFC7HbVjrYabVX5LmRBKjapMuRyiYYLmhax7Yeoe9udiNpjQ
Have a good weekend. See what Monday brings
Yeah, looking rather splat at the moment.
Almost nabbed the 2470 at $2.65 awhile ago on Amzn. Went with 710 TSLa instead. Really wishing I went Amzn as thinking it could close well. Good luck, glad someone is in :)
VIX nearing LOD
Looking good
Went with a TSLa 710 for the close
Watching SHOP down 9%
Haha!!
I’m out. Will revisit at the close
Exactly. Lol. I just averaged down on NVDA. That too will often bite you. But I like pain
If you think we’ll bounce, the NVDA 190 are fairly cheap. I just grabbed a pair for 1.99
Tough to read. Out of Sbux as it is floundering some. Will look to play Amzn the last hour or so.
In/out of TSLa and NVDA for small profit. Now holding sbux
Wouldn't surprise me. We go with the flow :)