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Uh,
by "stick should double" do you mean the price of TEVA doubling from its opening price today?
Explanation please ...
My shares clearly didn't get assigned.
Sold CCs again at market this morning after reaching 50c/sh but got a little less than that. Guess I should have used a limit order, but didn't want to take the chance of missing the trade altogether.
It's not uncommon to be able to modify the option side of the trade as the week progresses in order to take advantage of intra-week price swings. Sometimes I've been able to flip the Calls up to three times in the same week, each time adding to overall income.
Novartis, Mylan and Teva to supply
tens of millions of chloroquine tablets to fight COVID-19.
(Mar 20, 2020 ... Found that news the day it came out.
Surprised it didn't affect TEVA trading then.)
As efforts to discover new COVID-19 medicines roll on, President Donald Trump and others this week focused attention on the decades-old malaria drug chloroquine. Bayer got things rolling with an initial donation of the drug, and now Novartis, Mylan and Teva are taking steps to deliver tens of millions of tablets.
Chloroquine and hydroxychloroquine, a more tolerable formulation, are not approved to treat COVID-19. Still, U.S. authorities and others are exploring their potential following encouraging preliminary results.
In response, Novartis has pledged a global donation of up to 130 million hydroxychloroquine tablets, pending regulatory approvals for COVID-19. Mylan is ramping up production at its West Virginia Facility with enough supplies to make 50 million tablets. Teva is donating 16 million tablets to hospitals around the U.S. On Friday afternoon, Amneal pledged to make 20 million tablets by mid-April.
https://tinyurl.com/s4bdzkw
ROTFLMAO
Looked at a few times but only just now read the last line:
Stay well and distant.........
Covid-19 -- much ado about nothing?
If this flu behaves as any other, it's seasonal and that season doesn't have much time left.
At least compare the deaths so far this flu season due to the specific flu everyone is concerned about with previous year's deaths due to all flu viruses.
Granted there are many more global Covid-19 deaths, maybe up to 30,000, but we have to compare apples to apples, not apples to oranges.
"I stay away from short side."
I tend to do that also -- sort of. Significant downward market moves are nearly always at significantly higher volatility and therefore risky -- and are sort of like playing with the devil if you should decide to trade it. I'd rather not play, as I don't like the devil's sadistic humor.
However, there are always downward moves that are not very significant and are usually nothing more than adjustments -- the sort of adjustments needed to walk a railroad track without falling off.
Having thought about that for literally years, I decided my stock trading needed an insurance policy, and that the best policy is one that regularly pays me to take the risk of being in the market instead of the more common real-world (medical or property) insurance which requires regular payments by the holder to retain and which only pays a fraction of costs upon injury. Meanwhile, the insurance companies invest all the money you gave them. This sort of explains many of Warren Buffett's purchases -- insurance companies.
Solution: I'll sell Calls as insurance against every long-stock trade, and I even get to define most of the terms. By doing that, I've just created the JLS Insurance Company, and I'm both CEO and Board of Directors. That insurance company pays me (instead of the other way around); you know, it's sort of like Warren Buffett and his many insurance companies.
Thanks Johns Hopkins!
Monitor your area ...
Needs a little experimenting but is otherwise intuitive and very cool.
Hint: try Admin0, Admin1, and Admin2 buttons at bottom left. Then zoom in.
Hey, I live in Lake county, so we don't have no stinking flu here.
https://coronavirus.jhu.edu/map.html
When Native Americans lived here ...
they would go on a seasonal trip to the top of Hell's Peak and stretch out very large nets between tall poles. From a fish's point of view, an inverted net.
The objective was to net migrating birds skimming over the peak, too tired from their long journey to fly any higher. Mighty tasty stripped naked of feathers and guts then roasted at the end of a stick!
There is a 100-ft waterfall at the base of Hell's Peak. That same water passes about 75 feet from my back door, a quarter mile or more away from the falls. There's only two good ways to drive anywhere near that peak; one way being through my property then through a rancher's property, both borders blocked by security gates. The other way is from the far end of that same road which is perhaps 30-miles from here when accessed from county roads, and it's likely there is at least one gate at that entrance. Road or not, the falls cannot be seen from any road or trail, so only locals know it's there. Well, unless you vehicle of choice has wings and your road is the sky.
I had an elderly sister call me yesterday from Colorado (our home state), just to see how I was doing and chat about the corona virus a bit. She lives in a suburb of Denver, and she seemed interested in coming out for a visit. Thinking about that a day later, I'm preparing to call her and suggest she come out here and stay for however long she wants if that makes her feel more at ease.
If you are interested in following the progress of that disease, check out the map linked below. It's pretty impressive. I just found it a little while ago.
https://coronavirus.jhu.edu/map.html
That profile picture you commented on:
That small pond is seasonal -- dries up and seeps out early in the summer. However it's very productive at producing huge armies of small critters that eventually make their way up the hill to the left by wing or foot where there is a much larger and deeper pond which retains water year round and which has a huge population of good-sized bass. Gotta love it as spring arrives and the frogs and toads commence to croak their mating songs, and red-winged blackbirds sore and dive. All ridding the pond of dragonflies and such. Down dragon, down!
Two Rock, Ha! LOL
That's so small it's barely a town.
That said, I have you beat on that scale.
My mailing address city is Witter Springs, CA. Many moons ago, that used to be a country post_office/country_store and nothing more, and the owner/postman might have lived on the second floor of that structure, but I'm not positive on that.
I knew more history about it before but it's drifted from consciousness, but is likely on one of my older computers as I like to research local things at the county library. That structure is currently a personal residence and the "post office" is now a large group of outdoor mail boxes on metal poles on the other side of the street, and about two miles from my property. Needless to say, I don't walk out to my mail box to get my mail.
It gets worse. When you find Witter Springs on a Google map, that name is nowhere near those mailboxes. Instead, it is pasted on one corner of my property which I assure you is NOT Witter Springs, and zooming in further there is a road called Bachelor Valley Rd. and it is shown as making a sharp turn and backtracking itself. That is also very screwed up, as the lower "Bachelor Valley Rd." is actually a driveway. I ought to know as that whole area is my property.
So I called Google on the phone, and was transferred to their mapping group, where I explained all the errors, and the gal I was talking to was very polite and thanked me and also assured me they would fix their map. Never happened. Oh well, at least I get to meet some interesting people once in a while as they drift out this way while on their weekend photo trips. Those trips happen because there is a mountain very nearby called Hells Peak and it's structure is very unusual, so it tends to attract camera bugs.
Camera bugs are very delicious with a little mustard -- bwahahahaha!
Healdsburg,
Know that well. Have a son whose best friend grew up there.
Forestville, good place to drive through. At that time I had a house and family on 3-acres a couple miles west of Sebastopol and fairly high up on a hill. Many evenings the coastal wind would push late afternoon fog inward from the ocean and fill the valleys below such that all human structures sank out of sight and most easterly hills appeared as lifeless islands.
Perfect except for the chill. Have an evening party planned in July? Tell everybody to bring jackets or sweaters as there is no clue as to what Amphitrite and Poseidon are bringing.
The purpose of this day ...
Watch TEVA for signs of strength illustrated by trying to climb back up toward $8.
That number, being an integer, is itself a resistance level irrespective of other things going on around it: It's an integer.
Stock traders have an instinctive set of SR levels in their mind that they are mostly unaware of -- a preference for specific step sizes expressed as fractional values where the result is chosen from numbers that are equivalent to a single coin, or groups of coins (other than pennies) they might have in their pocket. That ultimately gets blurred by the Market Maker who is stuck with having to make even smaller fractions, but he (it) is happy making pennies on a trade because he makes up for it by always being there on every trade. Years ago market makers were always people. Today they are more likely to be computers.
One more thing: those damned intraday pivot levels. They are also magnets, as are intraday moving average crossovers.
TEVA to close week flat to lower.
Why? Total market closes three days higher and it's already winded, making it more likely that prices correct tomorrow. Also fairly likely as investors fear holding stocks over the weekend.
Preference: TEVA closes Friday slightly below $8 and as dragonfly doji as it produced on Tuesday. That signals that she's chomping at the bit and ready to run.
Seems plausible -- market too weak to go up another day, TEVA hooving the ground and anxious to run.
Hey, and I wouldn't have to waste time buying the stock back on Monday and probably pay too much for it.
As you R in the wine country,
have you ever dabbled in winemaking?
As for TEVA, they have settled some but not all.
If you're referring to law suits,
TEVA has already settled some of those, and it didn't cost all that much.
I think that one of them -- maybe the largest -- hasn't been settled, and it's court date has been delayed. And that would probably be because it is outrageous (as are most things that layers try to do, as they are the bullies in the playground and aim to get rich by overcharging for their services).
The only lawyers that I like are the patent lawyers; but you don't really need them because all they do is follow a boiler plate layout and ask the inventor for all the information to fill in all the blanks. In other words, they are glorified secretaries in a suit.
TEVA Sup/Res Distribution
Current resistance is shown as 8.16 -- what the middle orange arrow is pointing at. The distribution (on the right) is based on closing prices (as can be seen by the message at the top of the chart). Using opening prices would shift SR levels and give things a little different look. Using both together would smudge up the distribution, and just add confusion.
As current price attempts to move higher, it will tend to stay a little lower than overhead resistance, which is currently focused at $8.16 (as computed over 13-months of data). TEVA has risen significantly this week. For those reasons I choose to do nothing with my current $8 CC trade on TEVA. I'll ride it one more day and either my shares get assigned at $8 or they don't. Either way, I'll be owning TEVA shares again next week -- then I'll let them drift for a day or two and decide when and if and where to write more CCs against the shares. Wash, rinse, repeat every week -- gotta love those dividends the CCs bring in!
One more thing: I tend to look at this last seven trading days as a short pennant pattern off the bottom. A breakout higher could carry the stock $2 higher pretty fast. Wouldn't that be great! This is my only trade; and I'm 100% in, two accounts.
Oh, another one more thing. TEVA is a pharma company -- duh. It seems that group of companies should benefit the most from this virus thingy as all the drugs that solve these problems that the whole world is now sucked into originate from pharma companies. Apparently I'm wrong because I haven't seen pharma companies being treated any better during this decline. Will it finally become evident as earnings come out?
Market goes up,
three days in a row.
Who knows what happens over a weekend. Increased odds the market might bark tomorrow, but back off, afraid of weekend news.
If assigned, I still make 3.4% for the week because of the CCs. Without compounding, that's well over 150% per year. But it always compounds as more dollars from selling CCs gets turned into more shares on the next purchase.
I call it a "pay my own dividend plan".
Are you referring to me?
... since I sold Calls?
Forgot to post ...
Did get back into TEVA yesterday at $7.98 on average in two accounts (Ind and IRA).
Then sold Friday's $8.00 Calls for $0.27.
At this point there is no guarantee the shares will be assigned at the end of this week. If they are, I will definitely buy them back, and (the way it's been trading) probably cheaper, then I'll sell CCs again. But those Calls will return much more as they'll have a whole week to run instead of the 2+ days I had them this week.
I have no idea why TEVA is flagging out after such a small rise.
Considering TEVA's a healthcare stock, and considering all the problems with the market are healthcare related (and therefore should benefit TEVA, as sad as it is to benefit from other's misery), I don't have a clue why healthcare stocks in general are going down.
Possible reversal levels for your interpretation.
Historical Support or Resistance (SR) levels; they tend to repeat over time as most market participants tend to keep their eyes on them. They are also a little different depending on whether one uses opening prices or closing prices to calculate where those lines should be. I have found that closing prices produce more refined (precise) distributions around the SR levels -- opening prices are more of a gamble while closing prices are a result of active trading reality.
As prices move higher (during this recovery) they will react to historical Support Resistance (SR) levels, and that is due entirely to the choices of market participants. As price rises, and my personal judgement is that resistance has become support, then I will change the dashed lines to solid lines then I will use that to guide my choice as to whether to go long or short.
As most traders use moving averages, or use other indicators that within themselves use moving averages, it's really up to everyone to choose their own technical method of making choices.
That person that wrote about NIO:
does not own any NIO shares (as it says at the end of the article).
Go figure. I'll guess he doesn't believe his own message.
Yahoo doesn't make estimates.
Yahoo just reports what some other numb nuts analyst predicts.
And guess what? Yahoo made a mistake on that number. That's because they aren't very bright, as they really are little more than a bunch of yahoos.
Now, in the table below, you can see very clearly that NIO has nothing but losses ahead of them as far as any estimates go. Those numbers (reported by Yahoo) are from Thomson Reuters, which is an accounting firm which is quite reliable.
So it looks like NIO is going to be borrowing more and more money for seemingly many years to come.
Lost patience waiting for price to rise.
Looking like too many nervous Nellies holding TEVA (which includes me).
So did not sell CCs, and sold shares instead.
Thinking I can get back into the shares cheaper in the very near future -- spelled tomorrow.
So, netted 3.9% for the day, and would like a nice total market dip tomorrow - which I think it should after making a pig out of itself today.
A little honesty would help.
You wrote: "$NIO Personal Electric Vehicle EV Cars Market Size..."
Your inclusion of "NIO Personal Electric Vehicle EV Cars Market Size" infers the link contains direct information about NIO.
It does not.
I did that "research".
It took about a millisecond.
The design violates common laws of physics, therefore it does not exist -- period.
I also have a college degree in engineering. In fact, anyone who took high school physics would also know it is not possible.
Suggestion: if it was invented and it works, then it certainly would be patented.
It doesn't take a rocket scientist to search for patents online then download them. I've done that many times when I was working as an electronics design engineer. By the way, I have quite a few patents of my own, earned as I was working as an electronics engineer. I also did so well as an engineer that I could retire at 57 -- because I was so good at it that I was paid more than most managers.
Gee, I can barely remember that far back.
I would not compare those market conditions to today's at all, period.
There was a time when I knew a lot about that 1929 event as I did a little study of it, but I don't recall if that was when I was taking a college level economics class or not. It was more likely in my early days of trading stocks and I looked into that matter for the sake of curiosity, so it could have been 10 or 20 years ago.
My recollection is that way back then there was very little regulation of all financial institutions, and also little regulation of the news media. So it was very easy, and common, for people trading stocks to manipulate the market (and they frequently did) -- not that they had to or did and therefore cause the 1929 crash. In fact a lot of very famous rich families in this country created their wealth by doing things in the late 1800s and early 1900s that eventually were made illegal.
So I'll write what I recall of what I think I used to know: In those days, anybody could trade stocks on margin, as there were no qualifying requirements, or they were very minimal and not adequate to cover a trade. So everybody started trading on margin -- why not, it's free money?...weee!!!
Now imagine that anybody could do this to any degree as there were no background checks on their financial status and abilities to cover a margin call. Now imagine that many people owned property (if only their home), and that they were able to borrow money on that property and throw that into the stock market using margin trades (further putting them at risk, not only in the stock market but also their ability to pay off their mortgage).
In fact, even the banks didn't hold enough cash to cover a run on the banks. Result: a towering stock market and banking system based on credit insufficiently covered by physical and dollar assets; or when covered by physical assets, those assets could themselves easily fall in value and thereby compound the problem.
Net result, when there's a small crack in the stock market, and investors don't have enough money to cover their stock positions or margin calls, and banks don't have enough cash in their vaults to cover demands for cash, the whole structure comes tumbling down.
Try to stay on subject.
It takes as much energy (actually more as nothing is 100% efficient) to separate water into individual molecules of hydrogen and oxygen as is released when they are combined back into water.
That is the basis for calling it a perpetual motion machine.
Perpetual motion machines are impossible as they violate well known laws of thermodynamics.
Regarding Jason Haver,
the Author of pretzelcharts, and his missive:
I think he should of held that back a day or two before publishing it. I feel sure that if he did he would rewrite parts of it (if not all of it), and maybe not have published it at all.
It's too full of pretzel logic, and in some instances I found it to be totally annoying, presumptive, and sometimes diminutive, or I interpreted what he meant in ways he didn't anticipate:
The term "pretzel logic" has multiple connotations and definitions. One is the urban definition of "twisted or circular reasoning that when dissected is wrong, does not make sense or does not explain the situation rationally."
Oh I don't know ...
NIO hasn't yet learned how to make and sell a car at a profit. So the faster NIO makes and sells cars at a loss, the sooner they have to go back to the financial markets to obtain more funding and dilute their shares.
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. and the little piggy cried wee, wee, wee allll the way home.
Wrote more Calls since the first round.
Didn't post that. That round was priced to get me out of the shares; therefore, took a small loss.
Today, purchased new shares. Average price of $7.64.
This time I'm waiting to write the Calls as I think the stock should have a bounce soon. I'll sell the Calls on the bounce.
Why am I focusing on TEVA?
It's a pharmaceutical company and I think it's underpriced. Pharma companies make money when people get sick. Last time I checked, a lot of people around the world are getting sick from a flu pandemic. I'm thinking that's good for business at TEVA, or any pharmaceutical company, but TEVA is one of cheapest ones right now.
Perpetual Motion Machines:
Stanley Meyers was an idiot, all the way through.
What he proposed is a Perpetual Motion Machine.
You should know that Perpetual Motion Machines are impossible. They don't exist anywhere in the universe as they violate fundamental laws of thermodynamics.
So you google that.
Definition of water.
Water = two hydrogen molecules bonded with one molecule oxygen.
Heat it all you want and all you'll get is water in a different form called steam.
20% corrections are Bear Markets.
Going down to the level I suggested is almost a Double Bear Market. Close enough for the game of horseshoes.
Engines cannot run on water, period.
Engines can run of steam, but you need to burn fuel to heat the water to make steam.
Testube -- LMAO!
Test tubes made of glass are inert. That's why they are used in chemistry labs.
SPX SR Levels and Trend Lines
If not broken, they're solid. If broken they're dashed.
Near that third dashed red line down from the top is where I commented (sometime in late 2017) that the market had started going exponential. That's great if one can stay in the market and bag a lot of profits but it seems only right that price eventually has to break downward through that level just to get back to a more normal square-law market. Then, if the news is less than normal, which it sure is now, the market will correct further down from that point.
Looked at that way, the market needs to go farther down because price just broke below that level where it went exponential in late 2017. I'm thinking good support is just below 2,100 because that was built and tested over a period of two years.
"Potential Growth" don't count.
Real growth is what the company needs, and a profit now and then wouldn't hurt.
Engines running off water ...
ROTFLMAO!
That happened before your grandma was born ...
The vehicle's method of propulsion was a steam engine.
It's the water vapor ...
The water usage data comes from one city resident whose yard size is virtually the same as all other residents in his part of town, and it's not the wealthiest part of town which could also have the largest yards. The average lawn sprinkler sprays out 3-gpm of water. That all ends up in the atmosphere, day after day. It does not directly reenter the aquifer -- that would take hundreds of years. That water stays within inches of the surface, and some will be absorbed by plants; but it all eventually gets evaporated away. Result: increased air humidity -- just what a good storm needs.
The resident argued that his sewer water is sent to the Geysers near Santa Rosa CA to help replenish the geysers with new water (which would be pumped down into the geysers to replace their original water source) because all the natural steam that the geysers produced has been used up by electric generators there. The engineers at the Geysers are very proud of themselves because they are not burning gas to run their generators, and therefore they do not contribute to global warming -- a very good example of some very stupid engineers. As long as they are using water to generate steam and applying that steam to their generators, they are contributing to global warming.
Now one could argue that the New York public-works engineers are much smarter because they send their treated waste water back to the ocean, and the treated water is itself cleaner than the ocean. That's an example of burying their heads in the sand (or the water) -- from a thermodynamics point of view, all work done on anything eventually creates an equivalent amount of heat.
Actually,
water vapor is the worst global-warming gas around, period.
In addition, high humidity air does not have a lot of benefits and makes living in it very uncomfortable. However, CO2 is number two in terms of affecting our climate, but it is an absolute necessity for all plant life.
If you took all the CO2 out of the air, all plant life on earth would die. CO2 is a key nutrient that plants absorb through their leaves, not through their roots. Plants need oxygen, but they absorb that through their roots, not their leaves.
CO2 is so important to plant life such that most commercial greenhouses inject additional CO2 into their greenhouses, thus obtaining up to 40% greater productivity. That's very important as most of those greenhouses produce food.
The government wants affordable electric cars,
not electric cars at any cost.
Battery Swap robots are complex, have many moving parts that need regular maintenance and are expensive to build and maintain, and they eventually wear out to the extent they are too expensive to repair so they also need eventual replacement.
Quick-charge stations are cheap to build as they don't have to be much more than a post and cable, some simple electronics, and a credit card reader. Also, if you would do a little study, you would find out that there are a lot of technical advances being made in quick-charge battery designs so that in the not too distant future the batteries could be charged to full capacity in only a few minutes.