How long till Exxon drops it's dividend? They are slashing $20B off the book value in write downs.
FJ43 said:Premarket after earnings and guidance isn't really big volume so far and might just be shaking. Shadows on candles are long in some cases. I am only sitting on 12/18 16c options with this one so not worrying about the initial moves this morning. Guess we will see....Swollen Thumb said:
So MOMO. Thinking it's time to move on. Slight beat, but everything down a bit YoY and guidance wasn't great. Stock back down to 14 pre mkt and just can't see it doing much. Thoughts.
I am amazed how they have not cut it yet.Rice and Fries said:
How long till Exxon drops it's dividend? They are slashing $20B off the book value in write downs.
I gotta be honest with you. I stopped watching him about 2 weeks ago just because I got into an audio book and I've had the best 2 weeks of trading....ever. I'm in a bit of a groove at the moment and so much like Scott and his Wawa vs. Dunkin Iced Coffee, I'm gonna stick to ignoring him for nowFJ43 said:
McInnis - know you are a dog pound guy. Do you apply his strategy on shares of moving stops up and/or trimming with gains then buying back on dips along a rising trend line?
Wait wait wait....hol' up...McInnis 03 said:I gotta be honest with you. I stopped watching him about 2 weeks ago just because I got into an audio book and I've had the best 2 weeks of trading....ever. I'm in a bit of a groove at the moment and so much like Scott and his Wawa vs. Dunkin Iced Coffee, I'm gonna stick to ignoring him for nowFJ43 said:
McInnis - know you are a dog pound guy. Do you apply his strategy on shares of moving stops up and/or trimming with gains then buying back on dips along a rising trend line?
LOL
Amen! If you've found a groove stay in it. Each week I intentionally refine, tweak and apply what I'm learning from this group. Amazing thing about this thread is many track or follow different folks. Many the same ones but with only so much time often things get posted or highlighted here I wouldn't see otherwise 'follow'. Cleaned up my follow list significantly during the election. Left some good ones behind I'm sure.McInnis 03 said:I gotta be honest with you. I stopped watching him about 2 weeks ago just because I got into an audio book and I've had the best 2 weeks of trading....ever. I'm in a bit of a groove at the moment and so much like Scott and his Wawa vs. Dunkin Iced Coffee, I'm gonna stick to ignoring him for nowFJ43 said:
McInnis - know you are a dog pound guy. Do you apply his strategy on shares of moving stops up and/or trimming with gains then buying back on dips along a rising trend line?
LOL
I'm with you on cleaning up my follow list. Just could not stand some of the politics.FJ43 said:Amen! If you've found a groove stay in it. Each week I intentionally refine, tweak and apply what I'm learning from this group. Amazing thing about this thread is many track or follow different folks. Many the same ones but with only so much time often things get posted or highlighted here I wouldn't see otherwise 'follow'. Cleaned up my follow list significantly during the election. Left some good ones behind I'm sure.McInnis 03 said:I gotta be honest with you. I stopped watching him about 2 weeks ago just because I got into an audio book and I've had the best 2 weeks of trading....ever. I'm in a bit of a groove at the moment and so much like Scott and his Wawa vs. Dunkin Iced Coffee, I'm gonna stick to ignoring him for nowFJ43 said:
McInnis - know you are a dog pound guy. Do you apply his strategy on shares of moving stops up and/or trimming with gains then buying back on dips along a rising trend line?
LOL
I don't use his tier system but was curious to hear from someone who does. I've bought in fully to the OA net free strategy and started weeks ago cleaning up to focus on that direction shares wise.McInnis 03 said:
But to answer your question.....no. I haven't been able to get a good grip on his tier system nor his movement of capital in and out and setting stops with his shares. It's a good setup and execution for him, but I'll continue to be my hyperactive ADHD 10-min chart watching self.
Okay, come someone help me out? What does going "net free" mean?AgEng06 said:
For those of us late comers to ONTX that don't have any net free shares yet, should we still go net free at $0.40 or just hold now that it's running?
RightWingConspirator said:Okay, come someone help me out? What does going "net free" mean?AgEng06 said:
For those of us late comers to ONTX that don't have any net free shares yet, should we still go net free at $0.40 or just hold now that it's running?
RightWingConspirator said:Okay, come someone help me out? What does going "net free" mean?AgEng06 said:
For those of us late comers to ONTX that don't have any net free shares yet, should we still go net free at $0.40 or just hold now that it's running?
Example would be to buy 100 shares for $1 then sell 50 for $2. You now have 50 shares 'free' and your original capital back.RightWingConspirator said:Okay, come someone help me out? What does going "net free" mean?AgEng06 said:
For those of us late comers to ONTX that don't have any net free shares yet, should we still go net free at $0.40 or just hold now that it's running?
Yes apply with options contracts also. Technically you just need 2 of something. It is pretty rewarding to have the feeling of net free on something.RightWingConspirator said:
Thanks, guys. That's helpful. Guess I should be picking up more than one option contract to be able to go "net free."
I'm more of a long holder, but I do find the options banter fascinating. I'm holding some calls right now that sometimes go in the money and fall out. They don't expire until March so figured i'd hold on a bit longer.
astros4545 said:RightWingConspirator said:Okay, come someone help me out? What does going "net free" mean?AgEng06 said:
For those of us late comers to ONTX that don't have any net free shares yet, should we still go net free at $0.40 or just hold now that it's running?
Selling enough shares so that your investment amount is all house money
Buy 100 shares, and the stock price doubles >>> Sell half your shares >>>Those remaining 50 shares are all house money, even if the stock goes to zero dollars, you havent lost any money
I believe OA tweeted not to sell this round. I pulled my GTC sell order off the table anyway on my last buys below .25.AgEng06 said:astros4545 said:RightWingConspirator said:Okay, come someone help me out? What does going "net free" mean?AgEng06 said:
For those of us late comers to ONTX that don't have any net free shares yet, should we still go net free at $0.40 or just hold now that it's running?
Selling enough shares so that your investment amount is all house money
Buy 100 shares, and the stock price doubles >>> Sell half your shares >>>Those remaining 50 shares are all house money, even if the stock goes to zero dollars, you havent lost any money
Now that we've sufficiently covered net free... Any other thoughts on the initial question?
McInnis 03 said:
He'll stop, but I won't.
FJ43 said:
This may be crazy but looking at the selling volume premarket on ONTX I may buy more shares on a dip and reversal today. Most all I have now are net free but if we expect this to get back to $1 then it won't be a bad ROI.
Now that's funny right there.McInnis 03 said:
/ES premarket volume seems non-committal to this gap up. If I'm John F Carter (Which I'm not because he's like a 5 foot dude from Nebraska, I'm a 6'2" "couple of dudes" from Houston) I'm guessing I fade the SPY gap this morning.
Not .35. Maybe below in the 20stam2002 said:FJ43 said:
This may be crazy but looking at the selling volume premarket on ONTX I may buy more shares on a dip and reversal today. Most all I have now are net free but if we expect this to get back to $1 then it won't be a bad ROI.
I was actually thinking the same thing. Just wondering if I'm breaking a big ONTX rule by buying more at .35 ha
Pft, have you even been to a Wawa?McInnis 03 said:
Don't you bring Dunkin trash talk to this site. I will STOP posting. That **** is liquid gold mu fu*a.