BYND goes red pithing ten minutes of market opening.

BYND is going to make a $10 move today. Which way is a coin flip.

59 South said:

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BYND is going to make a $10 move today. Which way is a coin flip.

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My 150c is worth 6 cents now so I'm going the Alfred E Newman route.

Yea I've got a little 130 and 140. I knew the risk when purchased and was ok losing it because the upside potential was worth it.

Nice trade!

Watch SFIX for break above resistance. That stock can make $30 fairly easy on breakout.

Now this little snippet on cue:

https://www.cnn.com/2020/01/30/asia/wuhan-coronavirus-update-china-spread-intl-hnk/index.html

BYND popping

gougler08 said:

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RDSA heading down again after earnings, and they announced a 50% cut to our bonuses...ramen for dinner tonight

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The share buy back have been nothing but a sham. Just light the money on fire instead.

To me, Cruise Lines are the Coronavirus play. Until this thing tides over, I don't think any rational person would want to be on a floating petri dish. Also the newly created Chinese Middle Class love to cruise.

I will be buying puts and selling credit call spreads on any rips.

SDC testing $14 again. Above and resistance. Shorts nervous about now hoping market tanks

CVET early action suggests reversal on red/green dailies. Watch for $13.40 and you'll know it's confirmed.

FEYE 1/31 18.5C truly disappoints

I have had hopes of a turn around, but looks like it won't happen

jayelbee said:

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Any thoughts on BKR? It looks like it's at its lower support and keeps bouncing off of that low. I'm new to the technicals, but it also looks like a pennant formation over the last 18 months and is out of room to consolidate.

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Just above $21 is long term major support. Always love entering around major support and then you have a preset stop if it loses it. Only thing is the stop has to be far enough away for flash proof fill. If I have an entry like that a lot of times I'll buy the cheap weekly Put 50 cents below major support on a Thursday or Friday. Gives you opportunity with little risk to see if a reversal occurs ($above $22.30 on this one) or not.

XOM also showing a reversal bottom early on.

oldarmy1 said:

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XOM also showing a reversal bottom early on.

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That dividend well over 5% right now is enticing especially in retirement accounts.

EWZ 47c just about worthless now, glad I only bought 1!

Thought we were holding for $1?

oldarmy1 said:

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SDC testing $14 again. Above and resistance. Shorts nervous about now hoping market tanks

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Looks like they may get their wish.

I'm starting to think I shouldve put another 20% of my holdings on covered calls.

Patience

ranchag04 said:

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oldarmy1 said:

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SDC testing $14 again. Above and resistance. Shorts nervous about now hoping market tanks

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Looks like they may get their wish.

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certainly will... huge volume buys last couple days. I have 14.40 as a key area, once it gets past that, it opens up the flood gates (lots of shorts trapped will provide some fuel).

SDC 4/17 21C has some volume

2/11 is earnings and that week - 14.50C is popular.

59 South said:

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oldarmy1 said:

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XOM also showing a reversal bottom early on.

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That dividend well over 5% right now is enticing especially in retirement accounts.

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I've mentioned that to my parents before. If you can live off the 4% rule (in this case 5% rule) then I would definitely take a look at XOM or Shell for a retirement account. Shell is 6.5%.

I know there is "no such thing as too big to fail" but I would be very tempted if I was older to not dump a huge chunk into these stocks knowing you are living off dividend income with little appreciation opportunities and the biggest risk is that they cut their dividend.

At a UBS meeting last night I heard it pretty perfectly I thought. The head investor (not a UBS guy) stated that oil stocks are like bonds and people should start investing as such. Be happy with the dividend but don't expect much appreciation.

Aggiesincebirth said:

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59 South said:

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oldarmy1 said:

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XOM also showing a reversal bottom early on.

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That dividend well over 5% right now is enticing especially in retirement accounts.

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I've mentioned that to my parents before. If you can live off the 4% rule (in this case 5% rule) then I would definitely take a look at XOM or Shell for a retirement account. Shell is 6.5%.

I know there is "no such thing as too big to fail" but I would be very tempted if I was older to not dump a huge chunk into these stocks knowing you are living off dividend income with little appreciation opportunities and the biggest risk is that they cut their dividend.

At a UBS meeting last night I heard it pretty perfectly I thought. The head investor (not a UBS guy) stated that oil stocks are like bonds and people should start investing as such. Be happy with the dividend but don't expect much appreciation.

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What do y'all think about amlp?

DIS green

I'm waiting for the 30s to go OXY. I love that 8% dividend

Well, my TECK purchase not looking to hot right now

TECK has tons of time. EWZ must have zombie virus worries because the Brazilian economy is doing quite well.

oldarmy1 said:

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DIS green

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Of course it is... 30 minutes after I dumped my 1/31 calls

75k block sell on SDC absorbed.

TSN with higher daily highs after yesterday's hammer.

oldarmy1 said:

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75k block sell on SDC absorbed.

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Tomorrow will be interesting, do they let it go 14+ finally or reap it to 13 again