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In oredr to time buys or sells, it is important to consider the jobs report that comes out tomorrow. Am I right in thinking it comes out before the market tomorrow?
IW
Yeah. I trade it early today & took a quick .63% profit, probably because I am unfamiliar with how it trades, because, had I stayed in the trade, I'd have done about 2.5% overall. Looking for a re-entry point. Im a day trader. Feast or famine, baby!!
IW
I'm new to this board. Just started tracking MU. I use ABC analysis and the B point was 3/18 on 26.8 million volume. It broke the B point on 3/23, closing above with 41.29 million volume, so, using the typical ABC approach, the A point was 68.34, B was 81.20, C was 75.08 which projects the D point to be 87.94
D being calculated as follows: (B -A) = X, which maens (C + X) = D, making D be projected to be 87.94
So, does anyone have any idea what is going on to drive the price down yesterday and today pre-market? Are all rge semis broken as a sector? Seems to me that, given the scarcity issues of the minerals going into technology & the absolute necessity for semiconductors in this present day that the semis should NOT be looking so pathetic. Anyone got any kind of explanation?
Imperial Whazoo
thanks man. I had just found this on the press releases tab on their site:
"Production: Gold production for the year ended December 31, 2021, of 55,668 ounces exceeded the high end of the guidance range as the process team continued to improve equipment, process control and costs. Silver production of 355,967 ounces was approximately 20% below guidance due to slower than planned leach kinetics. Processing of ore on leach pads is currently planned to proceed through the second quarter of 2022."
Looks like they produced in 2021. So, with Sprott on board, my guess they are very quickly going to produce big time. So, is the money in AMC or is there still time to buy Hycroft?
IW
Question: is the company actually producing gold and silver or is it still an exploration company? Sprott is HUGE but I am on Hycroft's page and their page online does not seem to be saying that they actually have an operating mine.
Thanks
Imperial Whazoo
Hey folks - found this & it's of interest:
https://justthenews.com/accountability/media/donald-trumps-truth-social-propels-conservatives-reach-past-twitter-few-short
Here's a sample quote from that article"
Radio host and TV commentator Dan Bongino built an army-sized following over the years on Twitter, with 2.4 million fans. In a few short weeks, he's attracted about a tenth of the same following on President Trump's nascent Truth Social platform.
But with millions fewer users and hundreds of thousands fewer followers, Bongino's Truth Social account — like those of scores of other conservative stars — is creating substantially more engagement on posts than his long-time audience on Twitter.
Thursday afforded the latest example. Bongino sent the same message out on both platforms to alert audience to his latest video podcast.
"Panic Breaks Out Over The Ukraine Bio-Labs Story," Bongino wrote on both platforms.
His giant Twitter audience created 554 likes and 185 retweets as of 7 p.m. EDT on Thursday. In contrast, his smaller sized audience on Truth Social tripled the engagement with 1,550 likes and 488 "re-truths."
"The traffic to the site and to the show is off the chart," Bongino told Just the News in an interview Thursday about Truth Social. "The engagement is extraordinary right now."
Yo Yo, peeps... I'd say it better, but I simply can't. I do believe that the proof is in the pudding, as the saying goes!!!
IW
Read thru the press release.
At first. I was puzzled because it was about a Cantor - Fitzgerald real estate fund. Then, it mentioned that Cantor was also the entity behind the CFVI spac.
So, my hope is that the real estate fund was first up in, as it were, a FIFO "to-do" list at Cantor. So, the next thing on their "to-do" list is that they can finish out whatever remains to be done on this spac. Just my guess / hope. No evidence. Just kind of thinking out loud.
Thats my hope, anyway.
IW
Fully agree.
Well said by whoever that Yahoo poster was. Well organized post & it explained the necessary concepts wonderfully. So thanks for bringing that to everyone's attention over here.
IW
Big momentum change starting at top of the hour just now. Anyone got news on this puppy? Did they come out with February usage numbers like they did on it in first part of Feb 3 last month?
IW
Me too. I was out doing an evening walk with someone last night. They noticed, and pointed out to me, that a local mid-sized rehab hospital that we walk behind in our stroll had a newly delivered industrial enterprise size rental portable generator that had just that day (apparently) been delivered and was parked unobtrusively on a flatbed delivery trailer behind the hospital, out of sight. We concluded that it was the hospital preparing for outages that are soon to show up. So, My personal observations parallel your observation about the impending problems of unknown kind and duration that are apparently on the horizon.
IW
Thanx Ciroc -
Your post projected that cloud services could generate revenue more $$$ than the "freedom to be free" side does.
What makes you say that and second, how do users actually use the cloud services.... what is their present status? Where do these services stand right now? What comes first as the release of Rumble proceeds.... the online posting side or the cloud services side? Or are both at about the same level of importance? Are they equally emphasized or is there a staging in that is planned? That sort of question is what I want to know more about. And haw does a user get to the point where, for example, the cloud services could be used to run programs in the cloud or do daily cloud backups?
TIA
Imperial Whazoo
Hey man.... Just checked your link.
Right on, man. See my post from a few moments ago & your reply about the 4 million short position and its timeliness is absolutely spot on. I can't agree more about the need for the current info and again you get it regarding the need for a current info.
Thanx man.
IW
Thanx man.
However, the issue with me when I go to those numbers is that they are never current to today.
I mean, how does an ordinary trader actually know what the CURRENT levels are? I mean... maybe a 2 week lag iis the best that we can expect, but what I was really drilling down to was whether there is an actual, CURRENT, source of info on the CURRENT levels. I don't know of any such web site, but if anyone has a link, please send it to the blog. The existence of such a thing would be highly useful on ALL stocks, transcending both DWAC & CFVI... and as such, such a link would pretty much help across the board, IMHO.
And also, I'm not ranting about your efforts. Your having supplied what you did is VERY much appreciated.
I'm just admitting that I could have been more clear about this when I originally replied to the info getting posted about a 4 million strong short position.
I am ever hopeful somebody will point all of us to such an info source, but to be frank, I have my doubts about whether current numbers are actually available to "everyman".
Maybe they are privately available to the insider/big $$$ outfits, but to "Everyman"..... not so much, I expect. Even so, my inquiry is that old saying about hope springing eternal in the heart of man. I don't expect there to be a source of current numbers, but I still ask the question.
IW
What do you mean by "4 million short"? Are you in possession of facts ( link would be good) that confirm a huge short position? If so, then we are bound for a short squeeze to the upside, IMHO.
IW
An overall change in the thought direction of all kinds of things may draw the entire charade to a grinding halt. For example: Trudeau cancelled his Emergency after hearing howls of outrage from other countries. Go figure
The winds of change may be blowing on everything. We can only hope.
IW
From a news report "The precise reasons for Mr. Bragg’s pullback are unknown, and he has made few public statements about the status of the inquiry since taking office."
You can betcha that, if he could have done any kind of damage to Trump, he would have done so, but the obvious conclusion has to be that, taking a gander at the chess board, he saw he had lost whatever advantage he had originally thought was behind him. My guess is that, amongst those on the know in New York, it was no real surprise that Durham is going for the jugular and that the the jugular in question is not Donald Trump's.
So, nobody can state with certainty that the reasons are this or that. Obviously, given the way the winds are blowing, the conclusion is that folks in those circles read the tea leaves & concluded that resigning from the field of battle is the better part of valor.
IW
Looks like its getting hard to line up career prosecutors for a circular firing squad since the Durham filing had to have sent shivers up the spines of a lot of prosecutorial and investigative legal beagles in the New York circles.
A blast of warning from Durham about what is just around the corner, and the rats start bailing from the sinking ships.
IW
New director appointed. From the 8-K filing ---
"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) Appointment of Directors.
Natasha Cornstein, age 47, is currently the Chief Executive Officer of Blushington, LLC, a beauty services and retail business, a position she has held since January 2015. Ms. Cornstein has extensive executive and management experience in operations, marketing and communications encompassing strategic planning, creative development, public relations and corporate communications, interactive marketing, media planning and buying, and database /direct-marketing. Ms. Cornstein is a passionate advocate for nurturing women in business and was recently named as a Beauty United Mentor for women of color. In 2020, she was named to the Glossy 50 list of the top 50 executives in the beauty industry in their leadership category. From 2012 to 2014, Ms. Cornstein served as Director of Brand Management for CIRCA , where she led the company’s re-branding initiatives across traditional and digital platforms and served as the brand’s spokesperson during their international expansion. Prior to that, from 2003 to 2012, Ms. Cornstein served as Vice President of Client Services and Media Relations at Pinnacle Management Corp, a boutique athlete representation firm specializing in NBA and international basketball players. Ms. Cornstein is the Founder of the Beauty & Wellness Forum that brought together 100+ CEOs of beauty & wellness companies to collaborate during COVID-19, and is also the Co-founder of the Courts of Dreams Foundation, a non-profit organization dedicated to restoring outdoor basketball courts in underserved neighborhoods in New York City. Ms. Cornstein has also served as a director of CF Acquisition Corp. VII since December 2021 and served as a director of CF Acquisition Corp. V from January 2021 until consummation of its initial business combination with Satellogic Inc. in January 2022. Ms. Cornstein is a graduate of the CORO Fellows program in Public Affairs and earned a B.A. in Latin American Studies from Washington University in St. Louis.
In connection with the appointment of Ms. Cornstein, the Board and the Compensation Committee approved a monthly payment of $5,000 to Ms. Cornstein, payable in arrears, with the last payment paid pro rata upon consummation of the Company’s initial business combination.
There are no family relationships between Ms. Cornstein and any director, executive officer, or person nominated or chosen by the Company to become an executive officer of the Company."
Don't know if its good or bad but it does mean that proper business steps are happening. This puppy is for real.
IW
Well, yesterday I read the charts to be saying that the 786 fib retrace would hold.
Then, today it took out the whole of the gap, but rebounded.
So I thought "Yep.... the the gap got taken out, but the gap held....,"
Now, it is kind of looking like my original stance that, if the 786 did not hold and the gap also did not hold, then the next thing was going to be that the full 100% Fib retrace was going to be the ticket.
Charts not looking strong right now and it looks like the rule of thumb is that the next leg is going to be a retrace to the 100% Fib retrace to approx 11.55.
I guess my original concern was the right read.
Just goes to show that, like a lot of things, the first reaction proves itself to be correct.
As ever.... just my opinion. Not advice. And I could very well be wrong.
Peace
IW
EDITED: I intended to add, but forgot to do so, that I would not be surprised if the numbers they announce will be good, like they were for February. Sometime around March 4th, proly. We'll see.
A charting experiment:
If one were to put up a chart using 30 minute candles of what just transpired, look at the volumes as it ran up starting at about 11 AM eastern time vs the volumes in the next few periods. About 11 AM, there is a quasi-hammer with a body that is about the size of the tail & about 420K vol, followed by a big ass uo candle on real good volume of about 567K. Next are (at present) 3 slight pull back candles that are on volume that is well below either of the candles I just mentioned.
My working postulate is that, when there are more upside buyers than downside sellers, it shows up in the volume. In an auction, if there are more buyers than sellers, the price will ultimately rise to an equilibrium level, at the very least. Then, on an ongoing basis (because decisions are fluid in their making), there will be further evidences of demand that show up at these subsequent price levels.
You jus, basically us common charting tools in conjunction with volume bars and you can do a pretty good job of making buys & sells.
Thats my way, basically. Not rocket science. Just paying attention to good ole supply & demand.
IW
And now we see a volume based statement of the opinion of the parties buying and selling:
There were two clear high volume DOWN tests of whether the gap was going to be filled and of whether the price was going to crumble all the way to the full 100% retrace level.
The tell tale sign was that volume test number one had higher volume than volume test number two.
PLUS
the second down test did not go as low.
So, we got a volume test with a new low, followed by another volume test of the lows, but this one failed on two aspects: less volume in the candle & a higher low.
And what followed??? I'll tell you: a significant up move one even higher volume than either of the two pull backs.
So, the capitalist market principals tell the tale:
the volume going up is stronger than the volume going down. So, it is more likely than not that the bottom has been put in.
Could be wrong, since I'm as much an ordinary human as is everyone else, but those are some of the things to look for.
Hope this helps.
IW
I'm not sure. To judge by the behavior, its not done testing the gap. We'll see.
IW
Yeah. You did. I misread it. My bad. You were calling a price range and I misread it as though you are a precision Technical Analysis guy. My bad.
Basically, I try to make as precise a call as I can, (so I can time my trades)
I tend to look at the charts as though they contain enough info to allow me to make pretty precise calls.
Also, regarding a range of 1 full point in a 12 dollar stock: THATS AN 8.333% RANGE.
To get the good entry and/or exit price, you can't actually operate using an 8.33% range. (Unless you swing trade or accumulate, that is).
Personally, even if I'm going to swing trade it, the last thing I want to do is leave a full 8% on the table.
I mean, if you compound a 35K portfolio over the 20 trading days of February at half that range (say, 4% per day), your compounding would project to a gain of $41,689.41 profit for the month. That a 119% gain in the month of February.
I misread your price range because I simply look at things a bit more tightly & I thus assumed you were calling an actual price rather than a general range.
Its the reason some guys on a soccer team play defense and other people are attackers (strikers). Neither is better, but if you want to make a living trading, you better know your tendencies. If you are an attacker.... be precise. If you are a defender, swing trade or accumulate.
And actually, my call worked out to the "T", didn't it ???
The 786 was 13.06, which was in the gap & it held as support.
The gap itself did not have to get filled.
The low of the day was 12.90. Close was 13.14... Well above the 786
You were right, too because it did, in fact, get into the 12's.
But honestly, there is nothing wrong with being more of a generalist. It's just not the way I think, so I got in too big a hurry & misread your post.
Peace, bubba.
IW
Yeah. I hope so. I did not see the release coming on the originally stated day. Nunes did a really cunning head fake by coming on board and, right off the bat, making a public statement that it was going to happen before the end of March, which deflected people who might have otherwise attempted to head the release of Truth Social off at the pass.
I recall some Youtube reports way back, prior to his being named CEO & resigning from Congress. The gist of it was that he had no credentials because he was just a small-time dairy farmer from a rural California district.
NOT!!!
Looks like that small time dairy farmer milked the outcome of the release, in the face of otherwise certain attacks.
He milked it like a pro, LOL. Well done, Nunes. Cunning timing and head fake, baby.
IW
I have to say I'd forgotten that I'd gotten no reply LOL.
I don't see the downtrend you point to. I see that, ever since the 19% gains were reported this puppy has been in an up trend. As to whether 12 will be reached? Maybe, but if so, its not going to hold there because this chart is not the chart of a down trending stock.
Not in a down trend, IMHO:
What happened was that the Rogan thing caused a distortion. When he dissed the idea, it took back a lot of that gain. But it still was an improving chart. The chart post-Rogan did not end up worse that it was pre-Rogan
The post-Rogan chart ended up still generally trending up. Take out the Rogan spike and you will see what I mean.
Also in support of the idea that this stock is not trending down:
1) Higher lows even on today's pullback:
The wick on the big volume down day ( 2/9 ) was a low of 13.32. Even at the worst point of today's down move the wick only got to a low of 13.55
2) The 786 retrace of the Fib is right in the middle of the 2/7 gap:
Typically, gaps get fully filled. So, if the 786 Fib line were to be support, a pullback into the gap would only partially fill the gap. Thats just not the way Fib retrace support lines work. If price goes to the 786 line for support, it will be in the gap, which means that the 786 will end up getting taken out because gaps don't just half-fill. Normal gaps get fully filled. So, the 786 is not likely to act as support because it is smack dab in the middle of the gap.
3) Today, it pulled back to the 200 day MA, rejected it, & closed well above it.... at 14.13:
Put a 200 day MA on your daily chart. Guess where the wick of today's down candle reached? It reached the 200 day MA. And then, it rejected it.
What could go bad?
1.) War
2.) Unexpected bad news
3.) A ridiculous over-reaction to Truth Social getting delayed
One thing worries me is that we still have no explanation of why today's mid day flash crash happened. Maybe, it being options closing day, there were a lot of calls out there and someone, wanting those shares, professionally crashed the price to force those to cover & the idea was to swoop in and get the shares from weak hands. Who knows.
Anyway, you might be right that it will decline to 12 on Tuesday out of an over reaction to Truth Media delay news or war in Ukraine, but after that, the decks will be cleared to continue up over what's left of the month. And if March 3 or 4 they report another fabulous growth in users for February.... Katy bar the door!!
I mean.... this puppy is smack dab in the middle of a social revolution about people perceiving threats to their freedom & liberty.
Just my crystal ball gazing. Not investment advice. Do your own DD.
Peace.
IW
I use a news source and there is chatter about a glitch on Joe Rogan's program that says that Spotify may have some technical issues. Apparently, he did not even braodcast today. That would be bad for Spotify.
Since the net effect of the possibility that Rogan may have an out to his Spotify contract via an instance of Spotify's technical hardware/bandwidth/software glitching, then you would think the price would be going up. So, since price is going severely down, it must be that the issues have been resolved and that Rogan will put final end to any hopes that Rogan would still make his way off of Spotify and onto Rumble,
And if he DOES make it clear that there is no way he is leaving Spotify & taking the $100 million Rumble offer (leveraging technical glitches as his exit vector), then price is dropping because there is now absolutely no chance he will come on board with Rumble.
Thats all speculation on my part. Like everyone else, I'm trying to figure this flash crash out.
JMHO.
IW
You betcha.
Most of us, who are just trying to make money rather than win arguments over fictional issues, saw that flash crash as a prime opportunity to buy more. And it has now retraced, essentially. It is oscillating within a wave form, it appears, and it will continue to do so until orbital velocity is attained.
Just my opinion.
IW
The filing's provisions build a base for value so that the price does not crater immediately after the target date. Obviously, this is intended to support the share price so that profiteers do not sabatauge the stock on the day the deal consumates. This has to be seen as a good thing, indicating to investors in general that this deal is a real deal rather than a pump-n-dump.
That is my read and the gap up today indicates that the market itself agrees. This supports the bona fides of the value proposition, IMHO.
IW
Hey Whip The Horse.... I went back & looked at this event and it says that the date of the event that caused this filing was 12/31/21.... So the filing is kinda old news. Saba taking End of Year profits. I suppose the thing to watch for is whether they step back in (or, more precisely, whether the have already stepped back in, re-establishing a position going forward )
IW
I wish somebody would explain this filing to me.
Why are the fields on the form only filled in with ZEROs? I'm confused. Can someone enlighten me?
Thanx.
ImperialWhaazoo
Rumble grew by 19% in January.... because the present vehicles for open and truthful dialog are repressive.
Sorry man, but, if you put all the actual open dialog present on YouTube on the edge of a razor blade, it would look like a BB rolling down a 16 lane highway. It is not there.
I mean... you could build some kind of fantasmagoric truth detector out of an electron microscope and the Hubble space telescope and point it at YouTube and you wouldn't find even trace evidence of open dialog.
I'm more likely to capture Higgs Boson in a mason jar than to find even trace evidence of open dialog on YouTube.
Thats why Rumble exists. Thats why it grew by 19% in January.
Now.... back to making money.
IW
This company, Rumble (a.k.a CFVI), is a platform to foster open dialog.
If it works as it is hoped by people of good will, it seems that Joe Rogan should come aboard if he wants. Or not.
If people want there to be freedom, then they should be able to join the conversations but be self controlled. If they are not self controlled, then a need to inject control will manifest. So, to keep freedom, exercise self control.
Love your neighbor as yourself and do so by an act of the will. Voluntarily avoid hurting other people as an act of will. Don't insult people using the "n-word". Don't disparage "Far Right wingers". Avoid these things and a dialog can be had. I see no constructive purpose in Joe Rogan joining Rumble & beginning to use the "n-word" and I see no constructive purpose in insulting a certain set of people by dismissively misrepresenting them all as some amorphous group of negatively minded folks.
Come aboard the Rumble train but exercise self control. Don't insult others using the "n-word" and do so as an act of the will. In similar manner, don't insult a gigantic group of faceless people by calling them, disparagingly, "Far right wingers".
Hope this helps.
Now... I've got a trading day to live out so thats my last word on this insulting duo of phrases: the "n-word" and the "Far Right".
Have a nice day.
IW
Interesting turn of phrase..... "when you give the people a platform for free speech".
Question: In the very act of an outside party "giving" such a platform to others, aren't the true elements of which freedom consists being voided?
Seems to me that the price of freedom is self control and that any other construct, is, at best, a masquerade. If there is ever a branch of government vested with the power of administering equality, I want to be the Minister of the Department of Equality, LOL.
Just sayin'
ImperialWhaz00
Basically, if self control is absent, then there is a vacuum, of a sorts, that necessarily gets filled. If you don't want your built-in freedoms restrained, administer the requisite restraint yourself. I mean, what is accomplished by violating other people's sensibilities? Why hurt other people just to make some point?
Hope you guys are right but, even if Rogan stays out & there is interest that shows up as volume events in the charts, then we are seeing people buy value right now in both DWAC & CFVI. What matters to me is whether people are buying in at these levels.
Based on the 2/3/22 news that there was a 19% increase in January, I expect the February news will be similar & that there is genuine momo in CFVI. Rogan would just be icing on the cake.
IW
Thank you for pointing that out. You actually saw a 100K order get put on the bid side?
My level 2 info rolls off the screen too fast to back track to see that volume event happen, so do you or anyone else know of a site that shows the historical tick data as it actually flooded the tape? I don't know if such a thing exists, but it would be a useful tool in future instances if such a thing were out there somewhere. I mean.... if you happen to see it prior to it scrolling away, that is good but I don't know of any tick data site that can be viewed in hindsight.
TIA
Imperial Whazoo
EDITED: another thought - I regularly rely on volume data as a mechanism to allow discernment of support and resistance points.
Basically, on a 1 minute chart, if you see a large volume event (in the one minute, it speaks of a quick & thus meaningful step in or step out of a position), it is a telling thing.
Based on your post, I looked at the volume events on DWAC & CFVI at the timestamps you pointed out & you are correct. In DWAC, somebody stepped in and bought about 80K at 8:50 Central time, followed 15 minutes later by a similar buy of 100K in CFVI.
These volume events did not generate sell offs, so they speak of buying in (rather than selling off).
As to whether this suggests that Rogan is reconsidering, it is irrelevant, IMHO. IMHO, it only matters that somebody decided to time two parallel buy-in events in a BIG way and that these two buy-ins did NOT generate a cratering of the charts of either of these two stocks. What happened is that somebody seized a value proposition by the horns and put a stake in the ground. I see these two parallel volume events as confirmations of the future growth potential of both CVFI & DWAC.
JMHO
Imperial Whazoo
I see this as the chart's picture.
On 2/3, the news announcement was for 19% growth in users in January & the price gapped up on open & moved up 5.27%.
Then, over the subsequent weekend, the Rogan rumor headlined. Result? Up two days before Rogan balked.
So yesterday, price cratered.
But the top line of the 2/3/22 up move on good news held yesterday.
The 5.27% climb on the excellent 2/3/22 user growth news (User growth UP 19%) held as support during yesterday's pullback. The up move on growth held. There was a pullback on speculators bailing after Rogan declined to join Rumble, but the basic strength represented by the move after the 2/3/22 news.... HELD.
So, far from being fickle, this action in the charts speaks of FUNDAMENTAL strength.
And, if there is growth in February (similar to January's 19%), what will happen going forward?
Will there be a continuation of the momo to the upside, and more up spikes on each new instance of good news?
Hmmmmm!?!!
IW
Watch the spread between the bid ask on level 2. looks to me like every attempt to drag it down by having a 20 cent spread (or thereabouts) between them has somebody moving the bid up to narrow it big time. Which means that at this time the pressure is on the buy side, IMHO.
IW
Well, until or unless Rogan declines the offer, the upside move will be hovering at approx these levels. The longer the offer goes unrepudiated, the stronger the present "baseline" holding level becomes established as a legitimate holding level. Just my opinion.
IW
I agree. Some people use a level 2 and watch the spread between the bid / ask and keep an eye on the volumes at the bid & ask. Some see a pattern where, situationally, steps are being employed to immediately dampen down any move up. I agree with the diagnosis, therefore, that there is a concerted effort to stop any rally from gaining momo. Just my opinion, though.
IW