oldarmy1 said:

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I think today's the day. If you are looking for a trade then buying the first dip expiring $SPY calls $2 away would be worth a look.

If you are in Friday to Tuesday $415 calls don't take early profits this time.

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So is there anything in particular that influenced this call? Or was it pure intuition? Regardless, thank you!

Charismatic Megafauna said:

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oldarmy1 said:

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I think today's the day. If you are looking for a trade then buying the first dip expiring $SPY calls $2 away would be worth a look.

If you are in Friday to Tuesday $415 calls don't take early profits this time.

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So is there anything in particular that influenced this call? Or was it pure intuition? Regardless, thank you!

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I was asked that after the last time I was seeing things premarket that had me in bullish mode. Pretty much the same elements combined with experience and intuition on when to pull the trigger on pullback. I happened to hit this one on the exact minute day low for entry tweet. I already had the tweet typed and was just waiting to see if the acceleration drop and initial 5 minute support failed to a new low for one of my favorite "tricksy" moves. I went pretty darn big because I was convinced I was right and knew that if we didn't bounce at that level there was a ways away from any meaningful next support. Basically the big money bulls hand was forced to show right there. So I go big because if I'm right the score is huge. If I'm wrong the stop loss is small. But expecting the upside day after watching the last hour of yesterday holding lower wedge support factored into the decision.

OA….you know I love playing your tricksy move on the 1 min for scalping. Especially at SR support. Great trade setup.

Question for the board's education on this one.

I look for the volume response post wick. Then sustained volume.

What did you see here outside of the wick?

Edit: Related to volume. I tracked with you on the other details.

E said:

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Can you promise a WWR reversal too??

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Let me say, against the backdrop of a sub-$1 share price, I have consistently maintained that this was a long-term accumulation stock, that was based on the transition in energy sourcing and would see its rise once its large plant facility came online. That had been forecast by WWR to occur (pre-covid guidance) in mid 2021.

Those in on it early captured a anticipatory spike in share price allowing us to get net free. A subsequent lesser spike allowed us to further add to net free shares, while booking additional profits. Theree were several delays by the State and Federal regulatory agencies that created a slowing of the construction in 2020. This began an initial slow consolidation channel that I felt would eventually break back out. Then covid hit and the shorts were gifted complete control. No one was happy except them.

Then covid hit and post-covid the stock saw short sellers pile on suffered (as all stocks did) due to Covid's disruption to supply lines, forced closures and about any other obstacle one can list. It was particularly detrimental for plant-based construction, large machinery and components.

Net free money has continually shrunk and those who bought after the spikes never had a real opportunity to get net anything, especially not net-free. Ironically those who have been extremely late buyers have had several trading cycles to get net free. Those with resources have also bought and sold (and used covered calls) to either book profits or add to net free shares.

Management reaffirmed guidance that production will begin in 2024 for Phase 1, with full Phase 1 production in the 2nd half of 2024. They also stated that they are confident in meeting fiscal demands to see that materialize. No excuses bottom-line? What was to occur in 2021 is now 2024. Fairly simple logic in my estimation.

This statement from their CFO says it all:

BaylorSpineGuy said:

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FJ43 said:

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OA….you know I love playing your tricksy move on the 1 min for scalping. Especially at SR support. Great trade setup.

Question for the board's education on this one.

I look for the volume response post wick. Then sustained volume.

What did you see here outside of the wick?

Edit: Related to volume. I tracked with you on the other details.

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Thanks for sharing the insight tonight! What do you consider large volumes on 1, 5 min timeframes, etc? Obviously big volume always come in at open and close and when do you start considering volumes sizes after open and before close as separate or different in importance?

Hope my question is clear.

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Good questions.

I throw out the opening market order volumes, as those skew intraday readings. The intraday acceleration moves will then generally be 2X+ of other minute mark. They generally begin with a larger volume spike, to break through initial support attempts and either create a volume parabola or an increasing volume signature as shorts, stops and sellers are added in. Once acceleration receives a bounce, either major volume responds creating a "V" recovery, OR, and this is the most desirable and what we got the last two real-time entry tweets, is an initial support bounce followed by a lower volume tick on the 5-minute back towards acceleration lows. Combine that pattern with what I had from the previous day as support levels, and I began buying my $413 calls. Sometimes you get what FJ quoted as the "tricksy" quick new low, that creates stops by the amateur traders, before immediately rising back to top of the first post-acceleration bounce. HOWEVER, I tweeted my tweet only AFTER that tricksy move because I know a lot of people mirror my real-time trade alerts. If you see the 9:03 tweet, you will see that at 9:02 was the tricksy move. The 9:03 was the quick recapture move. I also doubled my call position on seeing the tricksy move added in with quick move back above the initial post-acceleration bounce - because it added my favorite confirmation signal.

That a lot of people have engaged in mirroring my trades is not lost on me, and it's admittedly taken some getting used to over time. People say "each individual is responsible for their own trades." That is ultimately true, but if you are planning to have subscribers pay for real-time text alerts, targets, stops, education and macro-outlook - I can assure you they will expect, as it should be, success more than failure. I am in the camp of each individual has to develop their own system for success. If my approach and insights become a small part of that system, great!

Smells like shenanigans today

"Hey Farva what's the name of that restaurant you like with all the goofy **** on the walls and the mozzarella sticks?"

If you followed on MU I am out 100%. Last fills tweeted $3.65

It’s over pic.twitter.com/MowuX3DK5F

— Not Jerome Powell (@alifarhat79) May 17, 2023

Sell it all. #itsover

DeangeloVickers said:

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It’s over pic.twitter.com/MowuX3DK5F

— Not Jerome Powell (@alifarhat79) May 17, 2023

Sell it all. #itsover

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Nice knowing you guys