Friday, August 11, 2023 12:50:35 PM
Aug 11 - mid-day
There's very little hitting my filters today. It's a low volume, down day.
At the moment, I'm only looking for bullish trades. Tech is in progress on a pullback, but money is going into oil + commodities (has been for a while now), particularly on the back of the CPI + PPI data.
The only trade of interest today is TECK and NKLA.
TECK is a Canadian miner, so it's into commodities/resources. Not a bad trade, worth marking, but nothing I'm running into. NKLA is a total lotto ticket. It's swimming in bad news and still overvalued despite current price. They lost the CEO and are just now producing some trucks. The trader here has taken a very bullish bet for it to move over 50% by 9/15, paying $700k for that ticket. So if you just felt the itch, NKLA will scratch it today.
There's very little hitting my filters today. It's a low volume, down day.
At the moment, I'm only looking for bullish trades. Tech is in progress on a pullback, but money is going into oil + commodities (has been for a while now), particularly on the back of the CPI + PPI data.
The only trade of interest today is TECK and NKLA.
TECK is a Canadian miner, so it's into commodities/resources. Not a bad trade, worth marking, but nothing I'm running into. NKLA is a total lotto ticket. It's swimming in bad news and still overvalued despite current price. They lost the CEO and are just now producing some trucks. The trader here has taken a very bullish bet for it to move over 50% by 9/15, paying $700k for that ticket. So if you just felt the itch, NKLA will scratch it today.
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