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FJ43
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FCEL

Up 2.65% PM here.

If on open if it pushes with any momentum into 11.42 range (probably good resistance here), I think I will trim my 5/21 10c.

From what I see it needs $10.97 first then $11.42 to get to $12.52. Some walls in between here and $12.52 IMO.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

$30,000 Millionaire
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tailgatetimer10 said:

$30,000 Millionaire said:

Cloud computing comment for you guys: how you think about cloud is going to change with meaningful adoption of edge computing for low latency AI/ML, with an emphasis on computer vision. Amazon is not guaranteed to dominate. Pay close attention to Azure (MSFT) and GCP (GOOGL).



AWS is already way ahead of others on edge, and it's not even close. Others will get their piece of the pie, but not sure why you're saying they aren't guaranteed to dominate when they gave such a large head start


The only thing they have a major head start on is arrogance!
You don’t trade for money, you trade for freedom.
gougler08
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trip98 said:

McInnis 03 said:

Buy write on MVIS right now makes some sense........buy shares, sell May $17c for $4 or so

I saw this just before close Friday. Put order together and then got distracted by work and then kid. Never placed. Now look at it this morning!! Sums up a good bit of my trading experience since August.

Guess I could still do similar at this level but it still wouldn't be as good downside protection
The options will probably be juiced this morning, so you still may be able to get $5 or $6 for a 20c right now
FJ43
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AMC

I may have missed this (should have entered last week) but if I see any open pullback to $10.16 (Friday close) I will try and enter May 11c. Not big but a play anyway.

Up about 5% PM

Looks like it is about to make a little squeeze up again on a daily. Someone bought 3k May 11c last Thursday morning.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

austinAG90
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Monday Macros

Wednesday Key Day...Fed Meeting and Biden Cap Gains Double...10 Yr 1.60

Wednesday is the day... We get the results of the FOMC meeting in the afternoon and then get the Biden State of the Union massive capital gains increase in the evening... This should start the new trend in rates and potentially in equities... Will the reflation trade start in earnest again, after the one month hiatus, where 10 years went from 1.75 to 1.55, or will we get another run at 1.50 10 years to try and break lower in rates?... Meanwhile we get the old liberal "soak the rich" move Wednesday night... Biden has already let Bloomberg know that he is going for the biggest capital gains for the wealthy. It won't work... Do you really think the wealthiest of the country, those making 1-5 mm a year will stand still as the government comes after them?... After all only 23% of the equity or capital gains are in taxable accounts?... We think a compromise will be made somewhere in the 28-30% range...we will see... Meanwhile many point out that capital gains historically do not lead to lower equity prices... We think the jury is out on that one, but the dislocation from the Faang and Bitcoin, where massive capital gains lie, will be disrupted...

Fed and inflation... The Fed did a good job coming out of the April meeting convincing the bond crowd that inflation will be transitory,,, so far we have had one great month of numbers, but shorts in treasuries covered and we got back 20-25 basis of 10 year yields increases, from 1.77 to 1.51,,, but could not break that number . The question one has to ask is whether one believes inflation is transitory or not...Powell and Clarida believe it is, Kaplan, based on his speeches ,does not... We do not... Great economic numbers are just starting... Huge increases in the average price of homes, cost of homes, lumber, supply chain time frames, copper and even wage gains are just starting... We think inflation will reach the 3% and higher level, which should start to concern the Fed at the June meeting...tapering is coming, especially in the mortgage space, where the Fed roll offs and buybacks are overwhelming the markets. As for Labor markets, the Atlanta Fed median wage growth was up 3.4% in February, while this months beige book showed shortages of drivers, , low wage and skilled workers . Multiple stories of the difficulty of getting workers everywhere. The Fed won't change policy at this meeting but with the economy reopening, jobs returning , activity booming and inflation climbing, it is only a matter of time before tapering gets seriously discussed.

Rates... Fed meetings are focal points for trend changes... We see it no differently Wednesday, even with the Biden attack on capital gains... What we do not know is whether the reflation trade is starting back this week or may wait until the approach of the June meeting 10 years have minor support at 1.62, then bigger support at 1.68... 1.75 and then 1.875, on the way to 2%... It will happen this quarter but still not certain enough to say it will start again in earnest this week... Key levels for 5 years are .85 and .92, on the way to 1%... .78 going the other way to .65... Long bonds 2.21 is key to break, 2.29 and 2.41 on the way to 2.625,,, 2.125 the other way... Still think higher rates

High Yield and Spacs correlation... High yield spreads continue to set record tights and record low yields... We think that is about to change... Many continue to prefer going down in credit to pick up yield rather than duration... We tend to agree... But the Spac trade, raising equity for low rated junk companies, has lead the surge in the tightening of HY as companies use the cheap Spac equity to buy back the expensive HY bonds... The Spac era is slowing, maybe even the beginning of the end... Spac issuance this year is a pittance of last year and even show further signs of slowing... With this back stop decreasing it is only a matter of time before we see widening of credit spreads... Not today, but it is coming.

Equities... No strong opinion based on Capital Gains changes , but flows are starting to show some weakness... Cash levels of big money manager are down to 4% according to BofA,, and bulls are up to 67% according to the cover of this weeks Barron's... Where there is still lots of cash looking for entry points is in Private equity, where we see 1.6 trillion needed to put to work....
McInnis 03
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Camping World spiking a little here on note stating they now accept Bitcoin for transactions.

No HODLers are going to go buy a damn Fleetwood with their BTC.
AgShaun00
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FbgTxAg said:

Mostly Foggy Recollection said:

Copper strikes taking place in Chile tomorrow.

Copper about to do the damn thing the next few days.


Sh*t is getting real.

D'anconia has shrugged.
copper will be 5.5 by end of year. Being a large electrical contractor that buys 10+ millions of dollars and I am in charge of buying, i feel my educated guess will be on point based on conversations with Southwire/Encore/financial institutions where we buy copper futures also.
irish pete ag06
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FJ43 said:


AMC

I may have missed this (should have entered last week) but if I see any open pullback to $10.16 (Friday close) I will try and enter May 11c. Not big but a play anyway.

Up about 5% PM

Looks like it is about to make a little squeeze up again on a daily. Someone bought 3k May 11c last Thursday morning.
I see that TTM squeeze. It's popped pretty both times this crossed over. I'll join. Maybe not exactly the same strike and date, but something similar.
Mostly Foggy Recollection
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Agreed.

I've run a large electrical distributor for the past 6 years and worked for them for 15. This is unprecedented.

What's funny is I know we have posters on here from Encore and SW. I'll let them out themselves if they choose. You named two of the majors.
AgShaun00
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Mostly Foggy Recollection said:

Agreed.

I've run a large electrical distributor for the past 6 years and worked for them for 15. This is unprecedented.

What's funny is I know we have posters on here from Encore and SW. I'll let them out themselves if they choose. You named two of the majors.
where at?
McInnis 03
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Watchign a few more conservatorship plays in GMND and WRIT......saw these mentioned in my GVSI searches. These are small lotto type "throw a few dollar at" plays.
emac0002
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I am a consulting engineer for MEP and the pricing that we have been seeing for copper and PVC have been crazy. And steel too.
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fightintxag13
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AgShaun00 said:

FbgTxAg said:

Mostly Foggy Recollection said:

Copper strikes taking place in Chile tomorrow.

Copper about to do the damn thing the next few days.


Sh*t is getting real.

D'anconia has shrugged.
copper will be 5.5 by end of year. Being a large electrical contractor that buys 10+ millions of dollars and I am in charge of buying, i feel my educated guess will be on point based on conversations with Southwire/Encore/financial institutions where we buy copper futures also.
With this in mind, is there an ETF for copper similar to what SLV is for silver?
bigtoneag
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Mostly Foggy Recollection said:

Agreed.

I've run a large electrical distributor for the past 6 years and worked for them for 15. This is unprecedented.

What's funny is I know we have posters on here from Encore and SW. I'll let them out themselves if they choose. You named two of the majors.
Do you have a link to anything on the strike in Chile? Trying to find it.
McInnis 03
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Hey commodity bros.....is CPER an effective way to play copper? The options don't have much play but the chart looks freaking ripe.
AgShaun00
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fightintxag13 said:

AgShaun00 said:

FbgTxAg said:

Mostly Foggy Recollection said:

Copper strikes taking place in Chile tomorrow.

Copper about to do the damn thing the next few days.


Sh*t is getting real.

D'anconia has shrugged.
copper will be 5.5 by end of year. Being a large electrical contractor that buys 10+ millions of dollars and I am in charge of buying, i feel my educated guess will be on point based on conversations with Southwire/Encore/financial institutions where we buy copper futures also.
With this in mind, is there an ETF for copper similar to what SLV is for silver?
usually fcx is a good play, but with the run up, i am not making money. I need to see if there are other ETFs.
AgShaun00
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emac0002 said:

I am a consulting engineer for MEP and the pricing that we have been seeing for copper and PVC have been crazy. And steel too.
you can get fiberglass conduit cheaper than pvc now. look like a rock star for a VE option. Also you should change all GRC to fiberglass anyway. way cheaper and safer.
Mostly Foggy Recollection
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Chile mining unions too
bigtoneag
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AgShaun00 said:

fightintxag13 said:

AgShaun00 said:

FbgTxAg said:

Mostly Foggy Recollection said:

Copper strikes taking place in Chile tomorrow.

Copper about to do the damn thing the next few days.


Sh*t is getting real.

D'anconia has shrugged.
copper will be 5.5 by end of year. Being a large electrical contractor that buys 10+ millions of dollars and I am in charge of buying, i feel my educated guess will be on point based on conversations with Southwire/Encore/financial institutions where we buy copper futures also.
With this in mind, is there an ETF for copper similar to what SLV is for silver?
usually fcx is a good play, but with the run up, i am not making money. I need to see if there are other ETFs.
I've been burned by $FCX so many times. $COPX might be an option.
Rice and Fries
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These OA1 $X options are about to print. Quickly approaching the $25 strike target!
SF2004
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third coast.. said:

Roku may be losing YouTube TV.

Dear Roku Customer,

We are sending this email to update you on the possibility that Google may take away your access to the YouTube TV channel on Roku. Recent negotiations with Google to carry YouTube TV have broken down because Roku cannot accept Google's unfair terms as we believe they could harm our users.

Ensuring a great streaming experience at an exceptional value is the core of our business. We will always stand up for our users, which is why we cannot accept Google's unfair and anticompetitive requirements to manipulate your search results, impact the usage of your data and ultimately cost you more.



While we are deeply disappointed in Google's decision to use their monopoly power to try and force terms that will directly harm streamers, we remain committed to reaching an agreement with Google that preserves your access to YouTube TV, protects your data and ensures a level playing field for companies to compete. We encourage you to contact Google and urge them to reach an agreement to continue offering YouTube TV on Roku and to follow standard industry practices pledging not to require access to sensitive search data or to manipulate your search results.

Thank you,

Roku
It is starting.

This was inevitable with the "cord cutting" (which it is not even cord cutting). Laughable that people actually thought these companies would just let this revenue go away and say "awe shucks".
KT 90
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third coast.. said:

Roku may be losing YouTube TV.

Dear Roku Customer,

We are sending this email to update you on the possibility that Google may take away your access to the YouTube TV channel on Roku. Recent negotiations with Google to carry YouTube TV have broken down because Roku cannot accept Google's unfair terms as we believe they could harm our users.

Ensuring a great streaming experience at an exceptional value is the core of our business. We will always stand up for our users, which is why we cannot accept Google's unfair and anticompetitive requirements to manipulate your search results, impact the usage of your data and ultimately cost you more.



While we are deeply disappointed in Google's decision to use their monopoly power to try and force terms that will directly harm streamers, we remain committed to reaching an agreement with Google that preserves your access to YouTube TV, protects your data and ensures a level playing field for companies to compete. We encourage you to contact Google and urge them to reach an agreement to continue offering YouTube TV on Roku and to follow standard industry practices pledging not to require access to sensitive search data or to manipulate your search results.

Thank you,

Roku

The bolded part is pretty interesting for them to come straight out and say that. I think there are a lot of sheep out there that have no clue about Google manipulating search results.
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TecRecAg
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Holy red bar, WMT!
Ferris Wheel Allstar
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SF2004 said:

third coast.. said:

Roku may be losing YouTube TV.

Dear Roku Customer,

We are sending this email to update you on the possibility that Google may take away your access to the YouTube TV channel on Roku. Recent negotiations with Google to carry YouTube TV have broken down because Roku cannot accept Google's unfair terms as we believe they could harm our users.

Ensuring a great streaming experience at an exceptional value is the core of our business. We will always stand up for our users, which is why we cannot accept Google's unfair and anticompetitive requirements to manipulate your search results, impact the usage of your data and ultimately cost you more.



While we are deeply disappointed in Google's decision to use their monopoly power to try and force terms that will directly harm streamers, we remain committed to reaching an agreement with Google that preserves your access to YouTube TV, protects your data and ensures a level playing field for companies to compete. We encourage you to contact Google and urge them to reach an agreement to continue offering YouTube TV on Roku and to follow standard industry practices pledging not to require access to sensitive search data or to manipulate your search results.

Thank you,

Roku
It is starting.

This was inevitable with the "cord cutting" (which it is not even cord cutting). Laughable that people actually thought these companies would just let this revenue go away and say "awe shucks".
How is this any different that Dish/Directtv negotiating with CBS/ESPN etc and the channels "going away" soon?
BrokeAssAggie
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Do you have to have special permissions to do call spreads in ATP? It will not let me sell a call when I have 1 contract purchased at a lower strike.
ag94whoop
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AG
had bought some NIO calls last week and set some limit sells. Forgot about changing them this morning and they executed. MIssed on some potential profits, but still made about 40% so I'm good with that.
tramaro1
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Rice and Fries said:

These OA1 $X options are about to print. Quickly approaching the $25 strike target!

Damn I should have held lol
SF2004
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Ferris Wheel Allstar said:

SF2004 said:

third coast.. said:

Roku may be losing YouTube TV.

Dear Roku Customer,

We are sending this email to update you on the possibility that Google may take away your access to the YouTube TV channel on Roku. Recent negotiations with Google to carry YouTube TV have broken down because Roku cannot accept Google's unfair terms as we believe they could harm our users.

Ensuring a great streaming experience at an exceptional value is the core of our business. We will always stand up for our users, which is why we cannot accept Google's unfair and anticompetitive requirements to manipulate your search results, impact the usage of your data and ultimately cost you more.



While we are deeply disappointed in Google's decision to use their monopoly power to try and force terms that will directly harm streamers, we remain committed to reaching an agreement with Google that preserves your access to YouTube TV, protects your data and ensures a level playing field for companies to compete. We encourage you to contact Google and urge them to reach an agreement to continue offering YouTube TV on Roku and to follow standard industry practices pledging not to require access to sensitive search data or to manipulate your search results.

Thank you,

Roku
It is starting.

This was inevitable with the "cord cutting" (which it is not even cord cutting). Laughable that people actually thought these companies would just let this revenue go away and say "awe shucks".
How is this any different that Dish/Directtv negotiating with CBS/ESPN etc and the channels "going away" soon?
Its not, this is google trying to maximize revenue with a high demand product. This time with search data and what not.
SF2004
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third coast.. said:

Yea, I think anyone that pays attention in the streaming market realizes that the media outlets are trying to nickel and dimenyou to death, but this disagreement is fundamentally different than any of the ones I have seen in the past.
Same premise. How can they maximize revenue with the content they control.

They just want to do it with search data and are trying to strong arm ROKU since their customer have high adoption of youtube tv.
BrokeAssAggie
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CLOV

Touchless
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Touchless said:

Thoughts on doing a vertical for MVIS. They obviously spiked the other day on the news of a new contract and a month ago, they said they anticipated "the A-Sample hardware and benchmarked data, for demonstration to interested parties, will be available in the April 2021 timeframe". You can get the 5/21 15/30 vertical for under $2 right now. Doesn't take a huge run up to to be in the money and if it really runs, you have a lot of room for it.
Anyone follow me on this? It was from April 9th. I bought the calls and anticipated selling some covered calls when it ran up some so I could get in for less than $2 each instead of doing a vertical right away. Instead it dropped and I then averaged down a week and a half ago. I regrettably went net free last week selling 60% of my calls instead of holding for a little longer or selling come covered calls today.

Any suggestions for an exit strategy on my remaining 5/21 $15 calls? Not sure how much more run MVIS has in her, but I'm guessing she has a chance to run to the previous high of $24.18.
fightintxag13
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Woah PLUG, where you going?
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