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You bought nothing last Friday.
If you did, you would have posted it then.
Not true.
Whether it's options or stock, most day traders will get out of the market over the weekend -- two days during which bad news can come out and those traders can't do anything about it because the markets are closed.
You gotta be kidding.
What numb nuts invest in ...
The upper table says the company has $467 from which to pay current expenses and salaries. That is shown as Cash at end of period.
Speaking of debts ...
Note: all numbers are in thousands.
This information below is public information for those who know how to read such things.
Uh ...
"They have their Q2 earning ..."
NIO's "earnings" are always losses. NIO has no positive earnings in any forecast.
Eventually, NIO runs out of money and has to borrow more.
Wash, rinse, repeat until NIO can afford to build their own manufacturing plants.
You need to do a little more reading.
You're missing all the advancements being made in fast-charging batteries and fast DC chargers.
It's also a lot cheaper to install DC charging stations than it is to install battery swap stations (an electro-mechanical monster that ain't cheap to build and install and maintain).
Fast charging stations are expanding.
More and more DC fast chargers are being built across the United States. Electrify America expects to install or have under development approximately 800 total charging stations with about 3,500 chargers by December 2021. Our 50kW to 350kW chargers will be available at charging stations near highways, and 50kW to 150kW chargers will be available in metropolitan areas.
Our 50kW to 350kW chargers will be available at charging stations near highways, and 50kW to 150kW chargers will be available in metropolitan areas.
https://www.electrifyamerica.com/how-ev-charging-works/
Tesla considered battery swap years ago.
The idea was rejected.
Sold Jul 31 $12.00 Calls.
Did that at about 30-min into the day. Got $0.30, two accounts. This is the third round of CCs I've sold since getting back into the stock.
After selling those Calls the stock started sliding down and is now holding the S1 intraday Pivot as support.
Last week I sold $11.50 Calls near the end of the week and they expired worthless.
If these $12 Calls drop enough, I'll close them then sell the $11.50 Calls on a bounce higher. That would make two CC trades during this week. Sometimes I can squeeze in three CC trades during the same week.
Last week I only managed to sell CCs twice during the week (the 12.50s then the 11.50s).
You're being too sensible.
Markets are always full of irrational behavior, especially at what the market interprets as a bottom. Nobody wants to miss buying a bottom when a rally starts.
That's what caused that very large 2-day spike higher in early June -- 100+% gain over what trade was a few days earlier. Something positive was announced, gobs of traders jumped onboard all the airline stocks, hoping to catch a run higher, then the trade dissipated over the next few days. Now it's back to almost the start level of that whole thing.
So trade it, but don't own it. My way of doing that is through weekly CC trades.
"Airlines are trying to stockpile cash to weather a crisis that they have said will likely last years."
I don't think so.
I think it lasts till we get an effective vaccine, then travel could improve significantly and very quickly. Investors would take notice, extrapolate forward, and try to grab airline stocks as fast as they can before they get too expensive. Airline stock prices wouldn't rise as fast as that crazy spike higher in early June but it would be a very good time to be in airline stocks.
Why? Because humans in general are peeping Toms in the more general application of that phrase, meaning that they like to travel and observe where and how other people live. Especially retired people -- they saved during their early years so they could travel later when retired, and by gosh they are going to do it as soon as they feel safe. The desire to travel has been pent up in their bodies and when they feel safe it's going to explode into a feverish binge of travel. It's that simple. It's fundamentally human to do that. I think it's ridiculous and a waste of money. I don't like to do that myself, but to keep peace between myself and my wife I would have to go along (and try very hard to not look bored).
AAL 100% retrace ...
Stick a fork in it. No worries; all the airlines did the same thing.
AAL current Sup/Res level: Really needs to break above SMA 20.
While waiting. I've been selling weekly CCs against AAL. Done that for five weeks straight as of this week. I call that my Pay-Your-Own-Dividend plan.
Those horizontal lines to the right are calculated distributions of Closing prices over the last 13 months. The Fib lines encompass the trading range from the spike higher in early May, a ride higher which the stock didn't deserve (and you can see the result). Don't blame AAL -- all the airlines did it.
I'll guess the stock flattens out here. And I mean flat. So either my Calls get assigned this week or ... I just don't know. I have another stock I'd prefer to trade so I have no idea what to do right now.
United Airlines Reports
IBD says:
United Airlines Reports Worse-Than-Expected Loss In 'Most Difficult' Quarter Ever
https://tinyurl.com/yyfj9afb
And yet the stock is doing OK.
The Street says: United Airlines Posts Better-Than-Expected Results
https://tinyurl.com/yxjzp5uf
So, who's right?
In all fairness, one of those doesn't exist where it was originally posted in plain sight, so the embarrassed author pulled it from that location (a location that gets the highest traffic).
For these charts below the intraday charts on the right display prices up to and including the last regular-hours trade. The daily charts on the left show candles including after-hours trade and the last-trade number (in yellow background) shows the last after-hours trade number. The after-hours trade would show up on the intraday charts if I activated the showing of those numbers and candles. Confused???
Bottom line: those charts don't predict anything negative tomorrow for either stock. They are showing a small uptick for tomorrow -- but there is still time for that to change as AH trade isn't over yet.
I don't wish or hope anything.
If you do, good luck with that.
In fact I don't trade NCLH and never have, though that doesn't mean I won't because it is at a tradeable level, particularly considering the method I use on virtually all trades, which is to sell weekly CCs on all stock holdings every week when the timing is best. Imagine doing that 52-weeks out of the year.
At this time, since NCLH is trading flat for a whole month, one could easily have made significant income from NCLH by writing CCs against the stock during the last four weeks. That is a "pay your own dividend" trading method. Done right, and going all-in, it's relatively easy to make 100% returns every year.
Last year I cheated so I made almost 110%.
From statistics to wishing and hoping.
A statistic of 60% this or that with a large sample is a valid statistic no matter how you want to slice it. It has statistical value. Use it or ignore it. You make that decision, and I don't care what you do with it.
Whether NCLH goes up or down is up to the market and not your personal thoughts or inclination.
THAT IS the reality. And the market will make that decision, not you individually.
Your job as an investor is to get in the mind of the market, and that requires that you often have to leave your personal biases out of the thought process.
According to the average opinion of investment advisors, NCLH is currently undervalued. I'll accept that as being closer to the truth when compared to anything you have to say.
All that said, I don't have a stock position in NCLH, but I've debated with myself whether or not I should. Longer term, it appears to be a great stock to buy as it is greatly under-priced when compared to where it's price will go as soon as the current virus fears start to subside because of available treatments and/or immunizations.
The only thing of value in the post:
Most disease finds hosts
Absolutely no problem with that.
As a child I received all the vaccinations that everyone was offered -- usually at no cost through the public school system in Colorado; yet there are what I call "health nuts" out there that wouldn't allow their children to have any of the vaccinations (and that always made me feel very sad for their children). I'm tempted to call that child abuse.
As for me doing well, this last week was terrible for me ... filling out tax forms and trying to make sense of them. I didn't feel terrible because I would have to pay taxes, because I would not; I felt terrible because I didn't understand the result.
I had to call my broker, E*Trade, twice and ask if the 1099 I downloaded from their internet site was correct (because in multiple previous years they had to send emails telling everyone to re-download their 1099s because there were some mistakes that were corrected). I was assured over and over it was correct. But still, I couldn't believe it and that took me a long time last week to overcome.
So here is the result that I still can't believe but am assured by tax experts at E*Trade is absolutely correct: I had taxable high 6-digit short-term gains in my taxable trading account but I get to report (and carry forward) net losses in that account of just under a million dollars. Really???
I had no long-term numbers to report. It would be impossible to do weekly CC trades every week for a full year and not have the shares assigned. I more or less prefer assignment every week or two.
If this is flying,
it's coming in for a crash landing.
Anti vaccine people ...
That's what makes me sick. And it makes their children sick at their parent's expense!
From: Six common misconceptions about immunization ...
https://tinyurl.com/yxeu57pw :
"The majority of people who get disease have been vaccinated."
"This is another argument frequently found in anti-vaccine literature, the implication being that this proves that vaccines are not effective. In fact it is true that in an outbreak those who have been vaccinated often outnumber those who have not — even with vaccines such as measles, which we know to be about 98% effective when used as recommended."
"This apparent paradox is explained by two factors. First, no vaccine is 100% effective. To make vaccines safer than the disease, the bacteria or virus is killed or weakened (attenuated). For reasons related to the individual, not all vaccinated persons develop immunity. Most routine childhood vaccines are effective for 85% to 95% of recipients. Second, in a country such as the United States the people who have been vaccinated vastly outnumber those who have not."
I'll explain the true meaning of that last statement, as I'm sure it confuses many: a very small percentage of a very large group [the vaccinated] can easily outnumber a very high percentage of a small group [those opposed to vaccination at their children's expense].
-------
Smallpox vaccination can protect you from smallpox for about 3 to 5 years. After that time, its ability to protect you decreases. If you need long-term protection, you may need to get a booster vaccination.
Historically, the vaccine has been effective in preventing smallpox infection in 95% of those vaccinated. In addition, the vaccine was proven to prevent or substantially lessen infection when given within a few days after a person was exposed to the variola virus.
https://www.cdc.gov/smallpox/vaccine-basics/index.html
-------
How Well Does the MMR Vaccine Work?
MMR vaccine is very effective at protecting people against measles, mumps, and rubella, and preventing the complications caused by these diseases. People who received two doses of MMR vaccine as children according to the U.S. vaccination schedule are usually considered protected for life and don’t need a booster dose. An additional dose may be needed if you are at risk because of a mumps outbreak.
One dose of MMR vaccine is 93% effective against measles, 78% effective against mumps, and 97% effective against rubella.
https://www.cdc.gov/vaccines/vpd/mmr/public/index.html#how-well-mmr-works
That could be part of it ...
but yesterday AAL released a lot of details about its restructuring, so I think that had a lot (or maybe more) to do with it.
If anybody other than me was looking, they would notice that AAL gapped a lot higher in after-hours trade last night with huge volume. I checked this message board then and found nobody mentioning that.
You might want to rethink that.
" $NIO is the largest EV producer besides Tesla ..."
https://tinyurl.com/yydl7j2z
Uh ... were at $14.
Pump & dump.
AAL Refinancing Summary:
The key investor takeaway is that shareholders of American Airlines are disappointed the company raised so much equity at $13.50 per share. The upside is that the airline no longer has the same bankruptcy risk with the equity raised here and the limited boost in net debt so far during the downturn.
Cowen analyst Helane Becker views AAL as a "contrarian play" and believes the stock is likely to outperform as demand improve. The analyst noted, "There is more opportunity in these shares than in some other airlines. We believe American should be considered in a basket of stocks for investors looking to play the recovery in demand." To this end, Becker rates AAL an Outperform (i.e. Buy) along with a $20 stock-price forecast, which implies about 60% upside from current levels.
Got it. My bad.
Over the months I've also posted on the NIO board: it's a Chinese electric car company.
I had a devil of a time trying to not type the wrong symbol.
#1: I never short anything.
I also do not buy overbought stocks.
You'll also never see me broke. Last year my two portfolios closed the year up over 105%. I do that by selling CCs on virtually every trade. To do that I have to be long the stock. I never directly short stocks.
So far, NIO is not selling (or allowed to sell) a coronavirus drug.
Going parabolic means overbought.
Ignoring facts.
That's what's really going on here.
That's why posters here post back to themselves while thinking they are posting to others.
Boo! You just stepped on your shadow.
It's not a continuation.
It's a repeat.
You wrote this to yourself:
Right.
And the new type of syringe works.
So now you have a safer way to take heroin and not have to worry about using someone else's contaminated needle.
All this hype for a new syringe!
woke up ...
or was awakened.
I know, it seems CRAZY, doesn't it?
I just don't know,
I'll have to scratch my butt while thinking about that.
Should the Country Be Reopened?
The AEG (Americans for Enlightened Government) recently took a survey among doctors to get their insightful opinions whether the country should be reopened.
Here are the results by medical specialty:
The Allergists were in favor of scratching it, but the Dermatologists advised not to make any rash moves.
The Gastroenterologists had sort of a gut feeling about it, but the Neurologists thought the Administration had a lot of nerve.
Meanwhile, Obstetricians felt certain everyone was laboring under a misconception, while the Ophthalmologists considered the idea shortsighted.
Many Pathologists yelled, "Over my dead body!"
While the Pediatricians said, "Oh, grow up!”
Psychiatrists thought the whole idea was madness, while the Radiologists could see right through it.
Surgeons decided to wash their hands of the whole thing and the Internists claimed it would indeed be a bitter pill to swallow.
The Plastic Surgeons opined that this proposal would "put a whole new face on the matter.”
The Podiatrists thought it was a step forward, but the Urologists were pissed off at the whole idea.
Anesthesiologists thought the whole idea was a gas, and those lofty Cardiologists didn’t have the heart to say no.
In the end, the Proctologists won out, leaving the entire decision up to the assholes in Washington.
Technically,
those Calls expire this week, which means they expire tomorrow (Saturday).
My post was not about whether AAL may or may not file for bankruptcy.
My post was ONLY about the author and how poorly he wrote his article.
As for operating below capacity, all the passenger airlines are now operating under capacity.
Since you didn't understand that, I have no idea where your head is.
FWIW, I have a very large investment in AAL shares (posted here on June 16) in two different accounts. I have also written Calls against all those shares, and those Calls expire tomorrow. Owning shares means I'm bullish on AAL. Selling Calls against the shares could be interpreted as bearish, but I don't interpret it that way. Assigned or not at the close of this week, this CC trade will be very profitable for me. I will likely repeat it next week.
Uh,
it's WAKE for present or future tense, not WOKE.
WOKE is past tense.
Very misleading article ...
The title of the article: American Airlines May Be The First Airline Bankruptcy, But It Will Not Be The Last
Then later in the article, the author writes: United Airlines had already filed for bankruptcy, never being able to recover from the impact of 9-11.
Duh! That contradicts the title of the whole article.
Farther down, the author writes this: Bankruptcy has been a very common occurrence in the airline industry. That also contradicts the title.
Then the author writes this: The only reason AAL has not already filed for chapter 11 bankruptcy, is the prospect of government largess and the admirable tenacity of Doug Parker.
What he wrote above is not an only reason; it's two reasons, the second reason being that Doug Parker has admirable tenacity.
I would suggest that Doug Parker's admirable tenacity (ability to manage and cut costs) could very well be reason enough to avoid bankruptcy.
I could go on and on about the conflicts in that article -- as there are very many -- but I think everyone here gets my point: Lance Brofman, the author of the article, doesn't have enough brain power write coherently, or to blow his own nose without sumultaneously farting.