did you get out early? I closed at 18 but they hit around 16.$30,000 Millionaire said:
Filled but likely a loss with that move.
yesEnronAg said:
...is that options related?
Frequently the last minute of a day experiences drops as people sell to avoid holding over a weekend, given the uncertainty of the economy and weekend news. Dow, SPX, Nasdaq all dropped in the last moments today.EnronAg said:
can anyone on this thread explain the last minute move in both XOM and CVX...dropped nearly 1% in each case in the last minute of trading...is that options related? checking a few other charts and don't really see that occur.
I was told that they expect the Turkey Arbitration to be settled within the next 60-90 days which will provide funding through the end of 2023. They will cover the rest of the funds needed using debt-financing.MasonRamsay said:
Looking at a weekly chart I am not sure what strong support at $0.50 that you're talking about....
$080ish is the last bit of VERY SMALL support with nothing below until once again VERY SMALL support at $0.25.
At this point WWR is simply getting shorted to oblivion by MM and there has not been any sort of catalyst or news to bring new buyers in. I did some DD and it turns out the initial massive spike from $1.30 to $12 was a zack morris pump. Then the following $5 to $10.50 during the winter freeze (where my dumbass didn't go net free because the greed was too much) was also a zack morris pump. Have a feeling professional short sellers are continuing to hammer this simply bc it was one of the atlas pumps. If you check the other atlas pumps like CEI or WISH it is clear as day that shorts are ripping those to shreds. Just my 2 cents.
In other news I have a call scheduled with Steve Cates, CFO of WWR, on Monday at 1:30pm. I have a few questions regarding funding that they have been vague about as well as delays. I am a stupid, idiot who diamond handed this after being apart of MGNI and seeing the possibilities. If there are any questions y'all would like me to ask Steve I am all ears.
MOC, Market on close orders. Typically tame, but on Quad Witching you can get wild action. They nuked MSFT 3 bucks in one minute, that was 10 billion in sell orders hitting the tape at one time. Have also seen them move AAPL $5 in a minute before on Quad Witch. Just institutions rebalancing.EnronAg said:
can anyone on this thread explain the last minute move in both XOM and CVX...dropped nearly 1% in each case in the last minute of trading...is that options related? checking a few other charts and don't really see that occur.
BlueTaze said:
These small cap natural resource plays can be risky. Anytime you have a large group of retail commons set up to take advantage of huge potential, there are beauracrats and institutions/buyers lurking on sidelines.
Who knows whether it's more equity that needs to go to wall st. at retail's expense or a few Hunter Biden paintings that need to be bought to get subsidies/permits. I was hoping for a GOP midterm victory considering the Bama gov is probably blacklisted by dems.
The thesis on macro demand and the WWR production process is solid. Right now the market isn't convinced they have enough runway to get thru funding without dilution and/or avoid vultures that would love to force commons off the mine asset in a ch11.
I'm still holding 24' $2.50 calls hoping they don't massively dilute. But wasn't encouraged to see the CEO "retire". Right now a lower sp and higher rates continues to give financiers more leverage.
$30,000 Millionaire said:
I'm in Mexico, cell signal and wifi suck. No trading this week.
Enjoy chaps.
Everyone very bearish. Leads me to believe there will be retracement up.
It is awesome for swing trading.irish pete ag06 said:
I've never really watched NG until the last few weeks. Wow. That thing is a wild ride.
techno-ag said:It is awesome for swing gambling .irish pete ag06 said:
I've never really watched NG until the last few weeks. Wow. That thing is a wild ride.
I don't know. If you buy low and sell higher it doesn't feel like gambling. Speculation maybe.Philip J Fry said:techno-ag said:It is awesome for swing gambling .irish pete ag06 said:
I've never really watched NG until the last few weeks. Wow. That thing is a wild ride.
FIFY