TEUM what a crazy day and range for a $2 stock! Gutsy daytraders made a fortune on that sucker

ALGN reversal pattern is in. Sheesh all these patterns are great unless we have a disastrous outcome of the trade talks. Erasing patterns is a nightmare. Fingers crossed.

TWTR green

How far out are you thinking for OSTK calls?

foleyt said:

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How far out are you thinking for OSTK calls?

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I went July 5th $15's, July 19 $16's and went with that crazy fellow on Jan $30's

Did I mention SFIX pivot a couple of hours ago towards a breakout? I think I did

Sure wish we could get a run after hours above $15 on OSTK so I could sell my shares and let the $15 lowest placed call take its place for risk management.

What the heck. I'll buy a few weeklies on OSTK and rejoin the party.

I tell you what, ole CHK has been stuck for a while. Just hanging out $1.80 - $1.95.

Aggie_2463 said:

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I tell you what, ole CHK has been stuck for a while. Just hanging out $1.80 - $1.95.

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https://seekingalpha.com/news/3474724-chesapeake-energy-finds-bullish-support-fromt-morgan-stanley-analyst

oldarmy1 said:

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foleyt said:

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How far out are you thinking for OSTK calls?

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I went July 5th $15's, July 19 $16's and went with that crazy fellow on Jan $30's

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i went July 19 $14 for $1.05. Placed a stop at 0.75 and sell half at 2.10.

Saw an article earlier about them having the ability to start paying down some of the massive debt load. The author/analyst gave them a $2.75 buy rating

oldarmy1 said:

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Aggie_2463 said:

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I tell you what, ole CHK has been stuck for a while. Just hanging out $1.80 - $1.95.

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https://seekingalpha.com/news/3474724-chesapeake-energy-finds-bullish-support-fromt-morgan-stanley-analyst

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$2.75 and I'm happy.

ABBV going to get back to where it was pre merger announcement?

Well I had said 2946 would be upper range target today and we made 2944 on that freakish squeeze. Hope that wasn't a weak short chase out ahead of a drop next week.

Well, we're going the wrong way AH on OSTK

There was quite a bit of selling right at the close. Hopefully someone doesn't know something we don't

Weird close in general... I figured we would see a drop across the board from people taking risk off prior to Trump/Xi

Don't anticipate a deal. But if it happens, I'll be happy. But don't anticipate anything but tweets and faux outrage

My gut says we will either get a tweet that says "Great meeting! We hopefully get this thing resolved soon! But if not, tariffs for us are doing just great!" Or a tweet that says "More tariffs soon!"

Aggie_2463 said:

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Well, we're going the wrong way AH on OSTK

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It came all the way back but that after hours was tame on a Friday. Didn't get any news for fireworks but ending around $13.74 makes for a good candle today.

VIX fell off a cliff at close.

moses1084ever said:

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VIX fell off a cliff at close.

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Anticipation of a trade deal this weekend, IMO. The SPY also spiked AH.

I just don't see it happening this weekend. I expect it will be something like "good discussions were had and we're closer" or something like that. More sideways stuff killing premiums

No talk of RRTS in awhile. I'm holding long term and rarely pay much attention but today caught my eye. Big volume green today. I bought a little bit more to lower cost basis. Elliot Capital is buying up more, yes more and they're typically not wrong. Looks like they're executing their comeback plan fairly well. China deal and trucking stocks comeback will equal big money IMO. 2020 price target $50 but what do I know?!? Full turn around and it may be $100 in 18 months.

rgag12 said:

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My gut says we will either get a tweet that says "Great meeting! We hopefully get this thing resolved soon! But if not, tariffs for us are doing just great!" Or a tweet that says "More tariffs soon!"

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ETA: Lifted ban on Huawei too.

Prognightmare said:

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rgag12 said:

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My gut says we will either get a tweet that says "Great meeting! We hopefully get this thing resolved soon! But if not, tariffs for us are doing just great!" Or a tweet that says "More tariffs soon!"

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ETA: Lifted ban on Huawei too.

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Huawei ban lift should help chip stocks

Also staving off any new tariffs

Some mentions of China buying ag products from us.. soy beans and pork?

Mainly pork. They don't need the soy because they've lost around 150MM pigs...or that was the last number I got from someone close to the situation. He's been mum lately, so I assume they've made some major threats to the people close to the situation in China if things start to leak.

moses1084ever said:

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Some mentions of China buying ag products from us.. soy beans and pork?

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According to Irish, they have to buy pork from us because their's is ****ed.

IrishTxAggie said:

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Yeah, but read his tweets. Positive sentiment is going to make the markets run on Monday.

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Agree 110%. For some reason I just have that dumb show stuck in my head, ha!

I like this guy's thinking as well...

Quote:

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naashonomics @naashonomics 6h6 hours ago

trump is a genuis using #china #TradeTalks to push #recession away for 2-4 years before relection

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If we get a deal, it's going to be bananas for 12-18 months. If we hit over 3000, that's breaking a top that will create some nice resistance.
It makes you wonder what the prices will be of companies near the bottom of the next recession. It's going to be loooooow comparatively. And I'll be needing that to jumpstart some serious retirement savings (out of grad school in 2011 so I missed the 2008-09 lows).