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LOYAL AG
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Rice and Fries said:

ag94whoop said:

Rice and Fries said:

BTC has bounced back nicely from that little dip recently.


and yet miraculously SINO, SOS, and NXTD are at their lowest points in weeks/months

somehow virtually none of the miners are tracking BTC anymore. Even RIOT is barely over $51 when BTC breaks $59k.


Like others have mentioned, I think it's because they track both BTC and Tech. So it's gotta be 2/2 for them to ride in sync. Definitely frustrating though...
I think this is part of it but I also think the miners got overbought with the first run up to $59K. Now that the run in BTC has decelerated we're seeing more reasonable prices in the miners. They experienced some FOMO the first time at these levels that they aren't experiencing right now. IMO we see some of that return if BTC breaks through $60K and begins to run again.
A fearful society is a compliant society. That's why Democrats and criminals prefer their victims to be unarmed. Gun Control is not about guns, it's about control.
Brewmaster
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SOS with an offering, under $5 now. I guess I'll double down down here.
Ragoo
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LOYAL AG said:

Rice and Fries said:

ag94whoop said:

Rice and Fries said:

BTC has bounced back nicely from that little dip recently.


and yet miraculously SINO, SOS, and NXTD are at their lowest points in weeks/months

somehow virtually none of the miners are tracking BTC anymore. Even RIOT is barely over $51 when BTC breaks $59k.


Like others have mentioned, I think it's because they track both BTC and Tech. So it's gotta be 2/2 for them to ride in sync. Definitely frustrating though...
I think this is part of it but I also think the miners got overbought with the first run up to $59K. Now that the run in BTC has decelerated we're seeing more reasonable prices in the miners. They experienced some FOMO the first time at these levels that they aren't experiencing right now. IMO we see some of that return if BTC breaks through $60K and begins to run again.
agreed
Irish 2.0
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BREwmaster said:

SOS with an offering, under $5 now. I guess I'll double down down here.
Direct offering, so there was a buyer lined up. This sell might be shaken off relatively quickly. I'll be keeping an eye on the option flow for it now. Thanks for the heads up
FbgTxAg
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AG
BREwmaster said:

SOS with an offering, under $5 now. I guess I'll double down down here.


Story of my last two months.... This rotation needs to rotate.
The greatest argument ever made against democracy is a 5 minute conversation with the average voter.
Brewmaster
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Irish 2.0 said:

BREwmaster said:

SOS with an offering, under $5 now. I guess I'll double down down here.
Direct offering, so there was a buyer lined up. This sell might be shaken off relatively quickly. I'll be keeping an eye on the option flow for it now. Thanks for the heads up
good point, I have made some money in this one on calls. It will at least retrace bounce from this low.
trip98
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ASO options timing question
I've been waiting to sell CCs until after this earnings release. I don't work there but I shop there a TON and just knew they'd blow it out. sooner or later expectations will catch up (hopefully not sales!!).

should I sell May options on this pop? Hard to predict if it will continue up the next couple of weeks but wondering if macro impact is keeping from going up as much as it should?

They don't offer June options right now and I don't want to sell July as that seems too far out and after next earnings.
Bob Knights Paper Hands
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Rice and Fries said:

ag94whoop said:

Rice and Fries said:

BTC has bounced back nicely from that little dip recently.


and yet miraculously SINO, SOS, and NXTD are at their lowest points in weeks/months

somehow virtually none of the miners are tracking BTC anymore. Even RIOT is barely over $51 when BTC breaks $59k.


Like others have mentioned, I think it's because they track both BTC and Tech. So it's gotta be 2/2 for them to ride in sync. Definitely frustrating though...

Availability and cost of replacement chips as well as energy costs are as big a part of their profits as the BTC price. They'll track their product prices, but also will be moved up or down by costs and materials supply.
oldarmy1
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The disruption and fallout has been seismic. Every single indicator that had been successful failed over the past 5 weeks. In simple terms that means all the setups that had produced winners produced squat. Not having much exposure has been the best move after the initial start of the year.

April is historically an 82% rally month, especially when consolidation has occurred in March. But on the heels of April is that other historically accurate phrase "Go Away in May".

It's not a time for boldness but protection. Example with AAPL. I closed out the expiring April 9th calls early yesterday on its weakness. I entered April 16th $125 calls at the same time. When AAPL pushed $122 I entered May 21 covered calls on 100% of shares.

That setup can play out several ways. I could lose $1.46 premium on all the calls meaning AAPL didn't ignite so the $4.60 covered call premium would likely deteriorate in line with the failed call strategy. However, should we get a breakout rally then as AAPL moves above $125 I have multiple scenarios. I could sell the calls. I could sell the shares using the calls as hedge against the covered calls, thus removing any risk on shares. I could even sell covered calls against the calls if I decide to hold the shares. I could close the calls and open new strikes if I see serious momentum.

And if we get AAPL above $130 I'm buying June $115 Puts.
Bob Knights Paper Hands
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If I owned shares, I'd consider CC at the open based on how earnings have gone recently. We could see a bunch of profit taking from folks only trying to play the earnings and get out.
Maybe sell the April CC instead of longer term if you're worried about continuation of this jump?
FbgTxAg
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To quote Al Cervik - "I shoulda stayed home and played with myself."

Hold on tight boys. The Biden economy is upon us.
The greatest argument ever made against democracy is a 5 minute conversation with the average voter.
TChaney
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POWW dropping below $5.50 mark

(I'm hoping to get back in at ~$5.25)
ag94whoop
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oldarmy1 said:

The disruption and fallout has been seismic. Every single indicator that had been successful failed over the past 5 weeks. In simple terms that means all the setups that had produced winners produced squat. Not having much exposure has been the best move after the initial start of the year.

April is historically an 82% rally month, especially when consolidation has occurred in March. But on the heels of April is that other historically accurate phrase "Go Away in May".

It's not a time for boldness but protection. Example with AAPL. I closed out the expiring April 9th calls early yesterday on its weakness. I entered April 16th $125 calls at the same time. When AAPL pushed $122 I entered May 21 covered calls on 100% of shares.

That setup can play out several ways. I could lose $1.46 premium on all the calls meaning AAPL didn't ignite so the $4.60 covered call premium would likely deteriorate in line with the failed call strategy. However, should we get a breakout rally then as AAPL moves above $125 I have multiple scenarios. I could sell the calls. I could sell the shares using the calls as hedge against the covered calls, thus removing any risk on shares. I could even sell covered calls against the calls if I decide to hold the shares. I could close the calls and open new strikes if I see serious momentum.

And if we get AAPL above $130 I'm buying June $115 Puts.
I could sure use that 82% April rally.
damn the last month has sucked huge hairy elephant balls....lol
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fightintxag13
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I think he means April ends green for the month 82% of the time, but yeah this last month has sucked something awful.
HelloUncleNateFitch
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I must say gents, CLOV is one of the worst stock tips I've ever gotten.
Irish 2.0
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UncleNateFitch said:

I must say gents, CLOV is one of the worst stock tips I've ever gotten.
I see your CLOV and raise you an AVEO...
McInnis 03
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UncleNateFitch said:

I must say gents, CLOV is one of the worst stock tips I've ever gotten.
I'm kind of shocked nobody has exercised my short puts.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
Aggie118
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Let me preface this by saying this is absolutely horrendous for our country, but Harris is trying to Ram through a 10 trillion dollar green energy bill, what companies stand to benefit from this? We should at least try and profit off of this ridiculous corruption.
Irish 2.0
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This SKLZ is a tricky *****... If it dips to 16.5, I'll add some more.
Jet Black
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About a week ago I liquidated almost all my positions for a decent sized hickey. It's starting to look like the right move.
J.P. 03
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AG
Any of y'all playing GNUS? It's had a pretty horrendous start to the trading day and I'm curious if it's a buying opportunity or a signal of something else.
gougler08
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DXC breaking out of a long term Darvas box
McInnis 03
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Grabbed some BIDU 215c weeklies after open, only thing working right now, and it's sketchy AF
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
McInnis 03
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McInnis 03 said:

Grabbed some BIDU 215c weeklies after open, only thing working right now, and it's sketchy AF
A build over 213 could bring 220 though......
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
Billy Baroo
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Seems like I would be hard pressed to **** up an account quicker than I have in the past couple months by buying CLOV, PLTR, XL, NIO, and UWMC.
gougler08
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Anyone getting in VIAC? It's dipped below but closed above the 200 EMA each of the last 3 days, seems like firm support
ag94whoop
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CLOV is looking pretty bad. but its Tech, and tech is down overall, plus its high beta small cap.
Add the legal crap and its not pretty now. If it doesnt rally in May towards June ER then I'm dumping despite the 50+% loss.

I just hope the Biden economy doesnt look like the Jimmy Carter economy
mazag08
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ag94whoop said:

CLOV is looking pretty bad. but its Tech, and tech is down overall, plus its high beta small cap.
Add the legal crap and its not pretty now. If it doesnt rally in May towards June ER then I'm dumping despite the 50+% loss.

I just hope the Biden economy doesnt look like the Jimmy Carter economy
We're going to wish we had Jimmy Carter
Irish 2.0
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Billy Baroo said:

Seems like I would be hard pressed to **** up an account quicker than I have in the past couple months by buying CLOV, PLTR, XL, NIO, and UWMC.
S/L saves accounts. Respect them or blow up an account. Speaking from experience
txaggie_08
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Jet Black said:

About a week ago I liquidated almost all my positions for a decent sized hickey. It's starting to look like the right move.

I did the same. Believe it was last Wednesday I cut bait on everything and am just watching from the sidelines now.
BullSprig07
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J.P. 03 said:

Any of y'all playing GNUS? It's had a pretty horrendous start to the trading day and I'm curious if it's a buying opportunity or a signal of something else.
Well just a few days ago I was saying GNUS was the only genius move I had made in the last month.
Water Turkey07
FbgTxAg
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txaggie_08 said:

Jet Black said:

About a week ago I liquidated almost all my positions for a decent sized hickey. It's starting to look like the right move.

I did the same. Believe it was last Wednesday I cut bait on everything and am just watching from the sidelines now.


I'm another -10% from doing the same. If tech doesn't reverse ASAP, I'm headed for the exit down 35% from January.
The greatest argument ever made against democracy is a 5 minute conversation with the average voter.
Chef Elko
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I dipped my toe in for a small holding yesterday. Watching $45
Chef Elko
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GTAT says hold my beer.

Good lord what a royal screw up.
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