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It could happen
Hahaha
Both. We will get a little rally followed by Major Pain. that’s PAIN not Major Payne the amazing movie with Damon Wayans
Election
The story of the Patagonia founder / owner donating their 3 Billion fortune to fight climate change while they bebop around in private jets is all you need to know of the lunacy happening right now. Hypocrites everywhere we look. Once the pendulum swings the other way we will be just fine. However the risk is if GSPE can see it through to see the shift. I pray they can. I have confidence they can. Like we have mentioned before, if they didn’t have bigger plans they wouldn’t waste their time with all of the SEC filings, changes recommended in the shareholder votes, etc.
Well said
100% agree
I believe more pain tomorrow. I could see market go up on Friday due to opex tho. May not mean a green close on Friday but I would bet the market stays red and we see some green Friday for most of the day.
We are down quite a bit from last month’s expirations. Wouldn’t be surprised to see upward movement to wipe out all the put lottery winners. The MM’s could be loaded up on puts already and send this down further who knows, but one thing to keep in mind is they “typically” move in the opposite direction of the recent month’s move on opex
Good luck Tom!
Still plenty of meat on the bone when you got in! Nice work!
Just bringing this to the top of the thread. Kind of EXACTLY what happened amirite?!
It’s sickening. If they have their way we will be a 3rd world country and the luxuries you currently have (air conditioning, a second vehicle, a second home, etc) will be gone with the wind. All puns absolutely intended.
LOL this is great
Kudos for getting in before the “pain” word was uttered by Powell
100% agree
I agree with this. We could actually see a green week this week before more downside.
The reason most traders don’t like trading the bear markets is because when the drop happens, and it will, it will be quick and will not give them a chance to hop on board. They will be stuck watching the freight train fly by while they hold their long tickets in hand but the train won’t stop at their station and will pass them by.
Now is the time to hop on the money train…ALL ABOARD!!!!!
Think there is still more meat on the bone to the downside? I personally think there is room to run further down. The only complicating factor for me is I could see an artificial pump for the midterm elections. It’s the only and I mean only thing that could keep this market from dropping significantly more
Oh trust me I get it. I personally like the fact SPX cash settles at close. You like the fact you can exercise your contracts and put the option seller in a bind. That works for you. My strategy works for me. Thanks for helping me rest my case you can win in different ways. Thus concludes todays TED talk.
I trade SPX Options. They trade dollar for dollar with the S&P 500 as opposed to SPY which trades at about 1/10th the price of the S&P
Can’t win em all! @Agoura Guy when are you going to put on your big boy pants and trade SPX like a grown up instead of the minor leagues with SPY? Best trading decision I ever made was moving from SPY to SPX
I don’t hate on paper traders. Better to learn with fake dollars than lose real money. Some people (me included) have lost learning to trade. Wish I learned those lessons for free instead paper trading
Lol yeah I have a feeling no one will be changing their minds in this thread. I would encourage you all to realize the market is the most complicated algorithm in the world. If it was easy, no one would work a real job and everyone would just trade and be billionaires. If you’re not constantly learning / reassessing you will get smoked.
Newsflash: there is a world where you’re both right lol. Multiple types of strategies can be successful. I actually do both of what you guys do. I just don’t fight about it on here daily, which you guys choose to do lol
I have deep in the money puts right now which I enter more off of overall general trend “feel” of where things are headed without paying attention to the daily noise and I flip them to calls when things look bullish. Right now it’s bearish…and I also daytrade using charts. You can make money doing both. But I guess this thread would be boring without you both going at it all the time so thanks for the entertainment
Right lol
I wonder if that’s smart money or dumb money? Tread lightly if it’s all dumb money. The Mm’s will eat that up if so
*bearish wave? I agree if that’s what you meant
LOL @elections. You think they will surrender midterms? No effing chance. Fire up the voting machine bots lol
I am a shareholder but I have not voted, I would vote yes on those two knowing a reverse split could help us get listed on the major exchanges again instead of the pink sheets. The issuance of more shares allows gspe to prevent a hostile stock takeover which could happen when stocks get extremely undervalued like gspe is right now.
Maybe I will go vote since you peaked my interest.
Thank you!
Futures open green… it’s funny how I used to get excited for a Green Day when I saw futures open green. Now I know better lol
Only difference is 1929 was panic selling. This will be an algorithm dropping price to mimic it
I think you’re right. Lots of fishy stuff happening right now which is typically a heads up of bigger trouble.
How quickly do you think we get below $300?
TYFYS
Anything new in the 14A sec filing? Looked like the same stuff we saw recently?
Personally I think they try to bring price up to $1… so right now it would be in the 150 to 1 range. I don’t think it is a coincidence they stated it could go up to 200 to 1 knowing the floor is right around .005
.0051 is no bueno
Dang Etrade messing me up lol. Whew! That’s a relief @spec
Whoa there is no bid on GSPE. The bid is ZERO. Is this an anomaly or the end? Can’t be the end because they would never go through unnecessary SEC filings if this was over. Shares just traded at .005 tho. Ughhhhhh
What’s funny is people will laugh off the fake news stuff. Check this video out. They openly admit to it. It’s not reporting of “news,” it is marketing for their cause. Enjoy:
Wow, you can actually watch Sam Harris self-destruct his career in 2 min 20 seconds.
— Alexandra Marshall (@ellymelly) August 18, 2022
"Taking down the New York Post's [laptop article]? That's a Left-wing conspiracy to deny the presidency to Donald Trump. Absolutely it was. But I think it was warranted."pic.twitter.com/0bIoWJDdNa