interested to see how this works out, because coinbase was valued at 8 billion in 2018

See if this does anything to FB tomorrow...

Welp... OSTK is about to go on sale again.

IrishTxAggie said:

---

Welp... OSTK is about to go on sale again.

---

Trump effect....

On another note - Futures up over 7 for what will be Day 4 positive move? We get a positive day then TWTR, JD and others that held serve last few days might get a surge.

Give me RTN $180

oldarmy1 said:

---

IrishTxAggie said:

---

Welp... OSTK is about to go on sale again.

---

Trump effect....

On another note - Futures up over 7 for what will be Day 4 positive move? We get a positive day then TWTR, JD and others that held serve last few days might get a surge.

---

I really want to go heavy on SPY 302/303 calls for 7/17 or 7/19 but I'm afraid of a tweet over the weekend its be too long without one.. or any trade new besides the G20 leadup and G20 itself.

IrishTxAggie said:

---

Give me RTN $180

---

Ye shall have it!

If it looks like we'll close 1.5-2 over 3000 tomorrow, I'll be looking at some SPY puts

Still early but all those worthless LPSN calls I've averaged down might be trying to make a move. One week left

IrishTxAggie said:

---

Welp... OSTK is about to go on sale again.

---

was holding 100 shares of OSTK, but maybe not now!

maybe Trump was looking to buy back in via his tweets, lol.

Trump's tweets didn't crash the bitcoin price. What's the thinking that OSTK is going to go way down as a result of the tweets?

Ag13 said:

---

Trump's tweets didn't crash the bitcoin price. What's the thinking that OSTK is going to go way down as a result of the tweets?

---

It has run into the narrow end of a wedge, highs and lows getting tighter and tighter. So it's due to reverse, but will that be up or down?

COOP earnings estimate upped......almost could here it resonating off the 11th green.

https://mayfieldrecorder.com/2019/07/12/mr-cooper-group-inc-nasdaqcoop-expected-to-earn-fy2019-earnings-of-1-55-per-share.html

TRNX extension to September 19th for compliance of $1/share. Not a lot of time even though they are doubling revenue month over month. Doubtful that is enough to get them there by then, so if they do a reverse split I'm selling - and then I'll short the ever-loving heck out of the diluted post-split price.

Think they'll R/S or take the delisting?

IrishTxAggie said:

---

Think they'll R/S or take the delisting?

---

From reading that I would lean towards them doing a reverse split if not compliant.

They have to stay above $1 for 20 consecutive days on or before Sept 19th. Imagine it being September 18th and shares are at $1.01 and its been above $1 for 19 days. Every seller could cash in below there knowing the big long holders will not risk delisting OR a reverse split. Seen it happen two times over the years and one failed while the other held. Fun stuff to watch.

Meanwhile this means the shorts get no shade to push lower so we have a bit of a rally going on.

So are the feds going to lower rates? If so, will this thing shoot up another thousand or two points?

OSTK pennant. Last two resulted in a big move upward.

Premium said:

---

So are the feds going to lower rates? If so, will this thing shoot up another thousand or two points?

---

Powell's talk in front of Congress made it seem like a cut was imminent, but it won't be official until the end of the month when the fed meets

oldarmy1 said:

---

TRNX extension to September 19th for compliance of $1/share. Not a lot of time even though they are doubling revenue month over month. Doubtful that is enough to get them there by then, so if they do a reverse split I'm selling - and then I'll short the ever-loving heck out of the diluted post-split price.

---

Is that the reason for the AH rise?

spud1910 said:

---

oldarmy1 said:

---

TRNX extension to September 19th for compliance of $1/share. Not a lot of time even though they are doubling revenue month over month. Doubtful that is enough to get them there by then, so if they do a reverse split I'm selling - and then I'll short the ever-loving heck out of the diluted post-split price.

---

Is that the reason for the AH rise?

---

yes - shorts were hoping no extension so they could bury it. Double your money from $0.25 to $0.125 plans went out the window for now so they cover because they have ungodly gains over the year they don't want to lose.

oldarmy1 said:

---

spud1910 said:

---

oldarmy1 said:

---

TRNX extension to September 19th for compliance of $1/share. Not a lot of time even though they are doubling revenue month over month. Doubtful that is enough to get them there by then, so if they do a reverse split I'm selling - and then I'll short the ever-loving heck out of the diluted post-split price.

---

Is that the reason for the AH rise?

---

yes - shorts were hoping no extension so they could bury it. Double your money from $0.25 to $0.125 plans went out the window for now so they cover because they have ungodly gains over the year they don't want to lose.

---

Thanks again to you and the other regulars for helping to understand why things happen.

spud1910 said:

---

oldarmy1 said:

---

spud1910 said:

---

oldarmy1 said:

---

TRNX extension to September 19th for compliance of $1/share. Not a lot of time even though they are doubling revenue month over month. Doubtful that is enough to get them there by then, so if they do a reverse split I'm selling - and then I'll short the ever-loving heck out of the diluted post-split price.

---

Is that the reason for the AH rise?

---

yes - shorts were hoping no extension so they could bury it. Double your money from $0.25 to $0.125 plans went out the window for now so they cover because they have ungodly gains over the year they don't want to lose.

---

Thanks again to you and the other regulars for helping to understand why things happen.

---

Well to continue on this current event it usually begins pre market and the shorts actually shoot the stock up to a level they feel they can get all the other holders to get ancy and sell thus sending the stock down for them to be able to cover. So its a parabola of them and maybe squeeze starting the move and then ironically the shorts push it when they see big volume crescendo and then immediately reverse course hoping some volume upside holds it near peak for as long as possible to dump those shares and accelerate it then downward to get people selling. Usually that results in finding an equitable amount of buyers and sellers where they then can be covering. Looks like support but it isn't which is why it stair steps down. Obviously they want it to go lower, so they test to see if it will and set up shop each level down.

Now when it gets interesting is when that strategy gets punched in the face by short squeeze masters. Saw this on QCOM.

oldarmy1 said:

---

spud1910 said:

---

oldarmy1 said:

---

TRNX extension to September 19th for compliance of $1/share. Not a lot of time even though they are doubling revenue month over month. Doubtful that is enough to get them there by then, so if they do a reverse split I'm selling - and then I'll short the ever-loving heck out of the diluted post-split price.

---

Is that the reason for the AH rise?

---

yes - shorts were hoping no extension so they could bury it. Double your money from $0.25 to $0.125 plans went out the window for now so they cover because they have ungodly gains over the year they don't want to lose.

---

IMO, TRNX should just take their lumps and not do another R/S. Investors would appreciate that TRNX preserve market value than to meet the $1.00 hurdle for listing, only to follow by another immediate panic selloff and risk falling below $1 again. Just wouldn't make sense to me if they did this.

I'm in another stock that was in a similar boat with the decision to R/S for compiance, they decided it was best not to R/S for the sake of investor confidence and the stock has been on the right trajectory since.

OA - Would it make sense to try and buy more TRNX at $0.22 to lower our cost basis below $1.00 just in case it can't make it? I'm already under $1.00 but was curious for the other people. Thanks in advance.

jmcfar_98 said:

---

OA - Would it make sense to try and buy more TRNX at $0.22 to lower our cost basis below $1.00 just in case it can't make it? I'm already under $1.00 but was curious for the other people. Thanks in advance.

---

Nope...it's all or nothing in my book

JD hit $31 and I bought a bunch of $31 calls at 11-12 cents yesterday, so I sold 100% of my shares against those calls and now either call out the shares thus helping the price by taking away peoples covered call shares OR if JD drops today I am golden.

THIS IS HOW YOU PLAY TO WIN

WDAY calls @ target

WDAY - There's your $4

OA,

Any opinion on DOCU. Currently at the top of a descending channel formed since April. Still above 50 and 200 MA

DE breaking out of that little bull flag?

SFIX upgraded to buy from neutral.

BMY breaking down. Bought puts

gotsand said:

---

OA,

Any opinion on DOCU. Currently at the top of a descending channel formed since April. Still above 50 and 200 MA

---

It breaks up above $54, and not a flash, then its going to move. See if macro markets predictably pullback after the opening pop and get engaged with buyijng for a real rally or if it fades on day 4 and ends the current upward move.