@blackopstocks
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Alias Born | 03/10/2010 |
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Back in
Went long here
Agreed. I’m just grabbing dips for now. Not even paying much attention to it. I see this as longer term hedge to some other trades
Saw something today from Fed member saying he wanted to see the bam overturned... I think it’s shot down.
Oh and I hope not, lol still adding on bid side
Agreed.... adding long dated calls here on dips.
I don’t see this CDC bs sticking man...
Good afternoon —
On Wednesday I wrote about the CDC’s ban on evictions and asked for your feedback. Most of the responses said that this latest move by the CDC was unconstitutional, unfair to landlords or unlikely to help renters.
A chief lending officer of a Florida credit union wrote: “Sure seems like property rights and contracts have lost their hold on our way of life if the CDC can govern over them…I appreciate the CDC’s motivation; however, they lack the authority to void contracts and property rights.”
I had a lot of questions about the eviction ban and turned to Troy Freedman, managing foreclosure attorney at Richard M. Squire & Associates outside of Philadelphia, to get some answers.
One of the first things I wanted to know was whether the eviction ban has any teeth. Penalties for breaking the ban go as high as $250,000 and a year in jail for individuals, and up to $500,000 for a company, if an eviction led to the death of a tenant.
“I have concerns whether that was an inappropriate scare tactic by the CDC,” Freedman said. In any case, proving that an eviction caused a person’s death might be hard to do, Freedman said, since there are so many variables involved in a person’s health that might not have anything to do with where they live.
Another question: Who will enforce the ban? It’s not clear, although since it’s a federal order, Freedman said the U.S. Attorney’s office could have jurisdiction. Whether they would decide to enforce the eviction ban is still an open question.
And of course the whole issue might be moot if the ban is found unconstitutional, which is likely given the Supreme Court’s decision in June on the CDC’s previous eviction moratorium. On Wednesday night, landlord groups filed a petition in federal court asking it to immediately lift the new ban. President Biden himself acknowledged that only Congress could actually issue an eviction moratorium — just days before announcing the CDC’s newest eviction ban.
“I have real problems with the CDC telling the Supreme Court ‘We don’t care what you said, we’re going to do it anyway,” Freedman said. “It suggests to people that they can go ahead and violate court orders — it’s almost an anarchist act by the CDC.”
The CDC has to file their response to the petition today, but Freedman predicts that whether they answer or not, “I believe this moratorium is going to be short-lived.”
Unfortunately, in the meantime there are real consequences for landlords, some of whom are facing foreclosure on their properties, Freedman said. The government has provided help to landlords through the American Rescue Act, but not all landlords are aware of that help. In addition, Freedman said some state financial agencies were requiring landlords to go to their servicers and seek loan mods before they can access that help. If that request is denied, that could cost landlords months of time before they can pay their mortgage.
It’s a messy situation all around.
John M from Chicago summed it up in his note to me: “As a landlord, I’m devastated by this decision…We all wanted to help when this first started, it was tough, but morally right to help. But now the only thing we’re doing is subsidizing the government’s plan.”
Until Monday —
Sarah Wheeler
HousingWire Editor in Chief
Picked up more 1/21/22 $12.50C yesterday may just keep loading them at support until it breaks wedge. I think we will be in $30+ range before Oct
Regardless I’m still going to be picking up Lows Just may change my approach a little with how I scale into this
Everything I’ve read so far still declares it unconstitutional but I’m sure the markets going to react before may have to re-enter this one but the time is closer
Watch your 4H cycle here, we were over bought yesterday. Unless they figure out a way to extend forbearance, I’m buying bottom Stos on 4H every dip here until we see direction. Still has some pullback left
Yeah, I mean it’s been in like a 6 year falling wedge pattern and I think we see services start pushing now to start foreclosing. (Been in default real estate for 20 years) and ive actually worked with this company back 2010-2012 time frame I want to say they had a large Fannie Mae Acct back then. I just don’t see how they can keep holding off foreclosures
Adding dips....
Adding here
$RIOT Weekly Chart setting up for nice reversal here imo
$RIOT Weekly Chart 1/21/22 $115C pic.twitter.com/VXx9DRrr28
— BOS (@Blackopstocks) July 29, 2021
Note the weekly chart channel and wave structures. Nice break out today will add on any gap fade
Went long leap calls yesterday am. I think we see some nice surprises with Ford in the coming months.
$F 3D Trade idea for ER - I think we see surprise guidance or EV, infrastructure bill etc something xtra personally but I like the trade set up technically in this channel and the leap 1/21/22 $20C regardless of ER pic.twitter.com/pGj4HOkGbe
— BOS (@Blackopstocks) July 28, 2021
Can’t find... link?
$SNDL - Looks ready
$SNDL - Looks ready
Closed Put hedge. It’s ready $2pt
Someone wake me up if we actually push below $419
Took starter here into leap $150. Nice chart set up
$Z Weekly - Looking interesting here pic.twitter.com/UiYyhfu0Xp
— BOS (@Blackopstocks) June 16, 2021
Took small entry on technicals
Scaling back in here... will hold P hedge for now. Key support .96 4H 250EMA
Looks ready to go back to $540 range
1/21/22 $55c $1M bet
$VIAC Weekly 🤔 pic.twitter.com/4AchF9W7V1
— BOS (@Blackopstocks) June 10, 2021
Been fun stepping out here for now! Best of luck traders.
I have $6 on measured move -
Chart
$SNDL 4D Can it hit the 1.618% Ext target 🤔 pic.twitter.com/2xO0giuAe7
— BOS (@Blackopstocks) May 31, 2021
Should probably check the exchange Bro ...
Nice breakout. Needs to hold that line now at .95
.95 completed a H/S formation on this. Needs to be line in sand. Lots of trapped holders above $1 so we’ll see ...
Still early, but we really don’t want to close under .95 here Imo
No one is “holding this back” lol it’s called a consolidation pattern, it’s typically bullish, and it’s almost over
Added .33
Needs to form bottom here imo
Bought this dip
We’re filling out the right side of the inverted head and shoulder pattern which is bullish... But we should all know very soon if it’s up or down
Nice backfill consolidation on the gap close... Let’s see if this has any real strength to hold above a dollar very soon