$30,000 Millionaire said:

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irish pete ag06 said:

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$30,000 Millionaire said:

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I grinded out a 3% week. All of it due to covered call redemptions, selling premium on the lows, and cashing in hedges.

Im thinking we have some chop next week. There will be drama, but I think this is fuel for 4000+

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That seems like a hell of a week vs what the average joe traders had.

I understand 2 out of 3, but do you mind explaining selling premium on the lows?

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I will answer in more depth tonight or tomorrow vs. just posting something quick.

I just got into $NBY at 1.12. Reasons for buying: volume, reverted to mean. Potential this sky rockets. No options, so stop at $1.

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Also, I wouldn't mind just a link being posted. Sometimes I google some things mentioned in here and I'm not sure what I'm watching or reading is even right. The video I watched on it was about currency, so then I was questioning it.

Lt. Joe Bookman said:

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Anybody have a guess on how the market reacts to the $CLOV earnings call on Monday?

I hope they knock it out the park for our sakes, but I'm not going to hold my breath.

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It honestly feels like all earnings calls have been horrible for any stock lately. I mean CLOV has some room left to go down but it's running out pretty quick.

Before we can move to fuel cells, we need to find some meteors made of solid platinum and mine the heck out of it. Don't believe we have enough platinum in the world to make that technology viable.

Ragoo said:

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ClutchCityAg said:

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Id be okay with this

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in effort to end climate talk forever

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Seems like the stupidest idea ever. Just reduce oil for automobiles and we should be good.

Bidding $43500ish for /BTC over the weekend. No such thing as lowball with this commodity. Wish me luck.

irish pete ag06 said:

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McInnis 03 said:

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Lt. Joe Bookman said:

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Is this going to start being more and more common? Will they go after Zack/Atlas/etc?

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We are pretty active and knowledgeable group, and I'm not sure I recognize a single ticker on that list

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I belive most are OTC. The Alex de Large guy who posts craploads of penny stocks got caught up posting about SCIE. Saw some folks calling him out about it.

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He's the king extraordinaire of penny stock pumps. I don't think he's ever seen a stock he DOESN'T think will run.

First of all it is NOT the same thing as in a refinery. At all.

And secondly, there is NO LOGIC to the govt trying to mandate all of this 'green' cr*p so I hope we all don't try to make sense out of any of it. And the answer is still yes - you can make jet from renewable sources same as biodiesel. Animal fat, cooking grease, etc. You just have to have reactors capable of making the kerosene range hydrocarbons. Or as in this article, you use ethanol or biomass (https://www.redrockbio.com/technology/) or other sources such as on this link: https://www.energy.gov/eere/articles/renewable-jet-fuel-taking-flight

There are multiple pathways. It is called "renewable" because they are NOT USING OIL. Ethanol from corn or biomass from dead trees/bushes in the forests are considered 'renewable'. Now to make the fuel consumes energy, yes, but stupid Liberals don't know a thing about that. Some reason they think a Tesla is EMISSION FREE. Or there lights turn on at their home, because of MAGIC. They are clueless where ENERGY comes from and trying to argue with them is like talking to a stump.

But I digress. What stocks should be we play if we are forced into more renewable fuels.

Dude, I was talking about how it's made not about the density of jet fuel.

He was talking about weight (which is really specific gravity or density) and yes diesel has a higher density than jet fuel. Diesel is about 7lbs/gallon and jet is about 6.7 lbs/gallon.

But, you can't use diesel in an airplane due to combustion properties needed for the turbines. Jet fuel is closely monitored due to potential hazards of their turbines going down at 35K feet. You can't even have more than 1 or 2 ppm of drag reducer in jet fuel because it impacts the spray pattern "slightly" in lab tests so pipelines get slowed down when jet batches go down the line.

The question was can you make renewable jet fuels and the answer is YES. The questions though are is it "safe" for long-term use and what does it cost?

I'd love for him to be right. I have severe doubts about anything north of the 4300-4500 range.

China would need to back off on a few trade issues. We would need consecutive months (most of this year) of better than anticipated numbers. You got to realize that even with the Fed's help, a lot of the current price action is priced in.

To get to 5000, a lot of things Congress wants to pass would have to fail, IMO. Which is certainly possible given the two Democrats with common sense in the Senate (Sinema and Manchin) have signaled they are a no on a number of Progressive issues.

Rising commodities in the Commercial, Industrial and Home building spaces would need to be mitigated with rising finished good prices, yet consumption would need to keep up with the past 12 months. I'm not saying it's impossible, but it is asking a lot.

BlueTaze said:

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Has anyone ever tracked this guy? He is always good at saying that an area fits his Elliot wave but I have no idea if it follows up or not

Ragoo said:

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I am in XL 20p out may

Should I wait those out or sell a Mara April 30/15p spread for more credit than the XL put but higher strike. Then close the XL.

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bump, looking for legit advise based on how we expect these two companies to perform over the next 60-90 days.

I don't want to own additional shares of either. I should have never sold the original Put.

He's decent. I don't track him religiously but he's been a table pounder that we will continue the bull market until the Fed turns off the music.

My bad my bad. I read it wrong... sorry about that.

The family office that I am at is looking into other energy sources so I have been doing a lot of research on those. I presented on how I believe we will end up with 2-3 simultaneous true energy sources for transportation.

1) hydrogen for commercial (planes, trains, ships, 18 wheelers)

2) battery for the every day driver in their car

3) oil and gas until the greenies outlaw it which is happening already but will still be around for a while.

gougler08 said:

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BlueTaze said:

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Has anyone ever tracked this guy? He is always good at saying that an area fits his Elliot wave but I have no idea if it follows up or not

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As best I can tell he draws squiggly lines up and to the right on stocks that were rocketing up until about 3 weeks ago.

Aggiesincebirth said:

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Lt. Joe Bookman said:

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CLOV back to over 10 AH.

At least for the moment anyways.

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Yeah what caused a 6% AH move? Biggest move I've seen for clov since I invested litterally 3 weeks ago at $13 before the real free fall

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Earnings Monday possibly?

I would have thought XL made it's second large move northward the 2nd week of February.

Looking across the SPAC world, it's a world of hurt right now, and we don't have a lot of historical data points for companies like this.

I liked XL's model better because of their sales cycle and future Op metrics versus peers. With that said, there are a lot of large whales out there that want to extract a lot of flesh from SPACs.

Ragoo said:

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Ragoo said:

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I am in XL 20p out may

Should I wait those out or sell a Mara April 30/15p spread for more credit than the XL put but higher strike. Then close the XL.

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bump, looking for legit advise based on how we expect these two companies to perform over the next 60-90 days.

I don't want to own additional shares of either. I should have never sold the original Put.

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I like MARA better, especially in the short term. When bitcoin finishes consolidating (possibly this weekend), the next leg up is going to be violent. SQ bought a ton of bitcoin at 51k. Big money is in it. I've been playing MARA rips and dips for the past couple months and it's been killer. I buy dips, sell cc's on half on rips and sell shares of half of it when a big target is reached (see Mancini's bitcoin levels). The pullbacks demolish the cc's (I buy them back and wait for next rip on that half of shares). I think 70k+ is Adam's next major level for BTC after it finishes this leg.

I don't know enough about XL to love it or hate it honestly, but I bailed when it was stuck in the channel it was in (bought CCIV dip at the time with that cash).

with all that being said, I still have many days where I suck at this, so take all that with a grain of salt, ha!

tsuag10 said:

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I am not going to be able to be live for OA's webinar tomorrow. If there's anyone who wasn't able to register in time and would like to throw me a little cash, I will send you the login info for tomorrow 10am-12pm. I will just wait for the recording and view it then.

Username @ gmail dot com

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No takers?

I don't disagree with you usually, but it's really just a select few industries that are massively pumped up and over-valued. While most of the retail, consumer goods, and tech related companies have a re-opening priced in, industries like oil, commercial real estate, hospitality, supply chain infrastructure, etc still have very large runways. And while this administration is doing everything they can to push momentum down, I don't think the majority of that will be felt until 2023 at the earliest. Avi with Elliott Wave trader has been holding on the 2021/2022 bull market and even expecting for multiple pullbacks along the way to S&P 4,200-4,300. Nothing has changed on that front. Weeks like these are needed before new highs.

Ragoo said:

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FishrCoAg said:

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Hendrix said:

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I'm never getting on a battery operated plane. lol. I would want to see several hundred million successful flights first.

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Doesn't have to be battery powered to have carbon neutral fuel source

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what else could it be?

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O&G company has a process that removes more carbon than it produces during the drilling and production phases. Airlines want that fuel.

Jet Black said:

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Aggiesincebirth said:

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Lt. Joe Bookman said:

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CLOV back to over 10 AH.

At least for the moment anyways.

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Yeah what caused a 6% AH move? Biggest move I've seen for clov since I invested litterally 3 weeks ago at $13 before the real free fall

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Earnings Monday possibly?

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CLOV has earning Monday and demo day Tuesday

gougler08 said:

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BlueTaze said:

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Has anyone ever tracked this guy? He is always good at saying that an area fits his Elliot wave but I have no idea if it follows up or not

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It's anyone's guess in short term, but long ago when a U or L or retest of lows was mainstream, he was calling for s&p to hit 4k. Most thought 4k was crazy back then, moreso than 5k now with a 2T pump on horizon.

Bob Knights Liver said:

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No advice, but to say that I got out a little over my skis with some puts recently. In the grand scheme of things the loss I took to buy some back and rachet it down a bit was minimal, but man I hate taking a loss due to poor decisions. I mean I'm really pissed off at myself. I'm okay when some trades just don't work, but as long as the plan and execution we're good I'm fine. I'm even good gambling and knowing it's likely to go to zero. I just hate to push a good trade too much and turn it into a bad trade because I was going too big and couldn't wait it out. So pissed. I may go pick a fight with the MMA kid up the street in a large men's bathroom.

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In OA's last session he mentioned he was uncertain on near term macro, and it's not bad to not know. He ended call saying "don't forget to set stops". Even then, I've made same mistake as you.

Also, if you wait a bit longer it will be a gender neutral bathroom.