it could run tomorrow, don't get too hot on AH moves.

Prognightmare said:

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jwhitlock3 said:

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Prognightmare said:

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People have a short term memory. MARA is ripe for a trade if it sells off into the close. Sub $19 has minimal risk IMO. The TSLA news pressure will be forgotten fairly quickly and you can scalp 3-7 points.

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Thought about playing a 5/21 20/25C spread but I'm not convinced that's enough time to rebound. It's 1.10 to play this, and then volume is dead until Jun 18 calls, and a 20/25 there is only 1.50, might pay to go out further?

ETA: options chart http://opcalc.com/uBJ

ETA2: submitted an order at 1.45 for 6/18 20/25, if we get a flash down in the last hour it should fill. I like the odds here.

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I never rec options unless stated in my plays, so I was referring to buying the stock.

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yeah no worries, I own the stock as well and I'm net free. I think this makes some attempt at reversion to mean over the next 3-4 weeks, I like the option play here.

$PEP

5-year, weekly chart

Y'all keep an eye on this one. Looking for a push through ATH if macros cooperate.

cageybee77 said:

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$30,000 Millionaire said:

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I think this was posted, but WWR is ridiculously undervalued. Eventually people will pick up on this.

I also discovered today that I own 0.1% of outstanding shares. Maybe I can give their investor relations team some guff.

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As a rookie, I'm not sure how a stock that whose EPS is -2.68 is undervalued. However, I can understand how the stock's potential is under appreciated?

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Valverde answered this as well as anyone. The book value of the company is greater than the current market cap. This is one of those buffett plays. Also, stock prices are generally recognition of a company's potential (future earnings) vs. today's results.

McInnis 03 said:

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COIN 265/275/285 call fly for tomorrow engaged, $1.19

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HELLLLLOOOOOOOOOOOOOOOO

HODL

My 4500 shares of WWR feels minuscule now

ag94whoop said:

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My 4500 shares of WWR feels minuscule now

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I abstain from this dick measuring contest.

Something just happened with FSR

ryanhnc10 said:

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Something just happened with FSR

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I bought today...maybe this is the sign things are turning around

FSR announces framework agreement with Foxconn

Here's the FSR news

https://finance.yahoo.com/news/fisker-foxconn-sign-framework-agreements-210000944.html

Hopefully EPD can break out , it keeps compressing tighter and tighter. This is the highest closing price of the last few days but it seems to run in the morning .60 and then cool off while making higher lows.

Coin adding doge

Finished Mastering the Trade.

And have started learning Fibonaccis. This stuff feels like voodoo right now but applying it to charts is yielding some interesting results.

Can someone break down the pros/cons of Fibonacci levels?

wanderer said:

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Yah but it's the same amount of $$ invested because of where you bought yours.

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OOF
Now I feel better

$30,000 Millionaire said:

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McInnis 03 said:

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McInnis 03 said:

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The memes are going nuts. KOSS, AMC, and GME.....

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WELCOME TO THE PARTY NAKD

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i'm buying 1,000 shares here. Target 0.75

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You still in here. I got in as well. It's holding this .56-.59 level good. Potentially a resistance point trying to consolidate and become support.

cageybee77 said:

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$30,000 Millionaire said:

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I think this was posted, but WWR is ridiculously undervalued. Eventually people will pick up on this.

I also discovered today that I own 0.1% of outstanding shares. Maybe I can give their investor relations team some guff.

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As a rookie, I'm not sure how a stock that whose EPS is -2.68 is undervalued. However, I can understand how the stock's potential is under appreciated?

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I think it's because of their cash position of $118M with $0 debt, that means more than earnings pre-production.

AG 2000' said:

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Finished Mastering the Trade.

And have started learning Fibonaccis. This stuff feels like voodoo right now but applying it to charts is yielding some interesting results.

Can someone break down the pros/cons of Fibonacci levels?

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I don't know of a real con to Fibonacci and I guess I am referring to the tool used for levels.

I used it almost everyday for quick reference and if you'll look at 10-15 random stocks charts intraday, several day spans, etc. you'll see how often the levels are support and resistance and possibly align with SR levels you have identified.

Day Traders/Scalpers use Fib quite a bit.

FJ43 said:

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AG 2000' said:

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Finished Mastering the Trade.

And have started learning Fibonaccis. This stuff feels like voodoo right now but applying it to charts is yielding some interesting results.

Can someone break down the pros/cons of Fibonacci levels?

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I don't know of a real con to Fibonacci and I guess I am referring to the tool used for levels.

I used it almost everyday for quick reference and if you'll look at 10-15 random stocks charts intraday, several day spans, etc. you'll see how often the levels are support and resistance and possibly align with SR levels you have identified.

Day Traders/Scalpers use Fib quite a bit.

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Thanks. They've been pretty on the money so far in playing with a couple of stocks on my watchlist, sppoky really.

What's the best time frames to look at these on? I'm going back a year on the daily, does that make sense for general price points? Then drop into shorter if you're intraday?

MaroonDynasty said:

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Hopefully EPD can break out , it keeps compressing tighter and tighter. This is the highest closing price of the last few days but it seems to run in the morning .60 and then cool off while making higher lows.

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Also, got to love that 7.5% dividend. Stock you can buy at the right time and never sell !

VEON back to $1.80, no move on the Sept $2 calls yet. (Im)patiently waiting.

AG 2000' said:

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FJ43 said:

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AG 2000' said:

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Finished Mastering the Trade.

And have started learning Fibonaccis. This stuff feels like voodoo right now but applying it to charts is yielding some interesting results.

Can someone break down the pros/cons of Fibonacci levels?

---

I don't know of a real con to Fibonacci and I guess I am referring to the tool used for levels.

I used it almost everyday for quick reference and if you'll look at 10-15 random stocks charts intraday, several day spans, etc. you'll see how often the levels are support and resistance and possibly align with SR levels you have identified.

Day Traders/Scalpers use Fib quite a bit.

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Thanks. They've been pretty on the money so far in playing with a couple of stocks on my watchlist, sppoky really.

What's the best time frames to look at these on? I'm going back a year on the daily, does that make sense for general price points? Then drop into shorter if you're intraday?

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I use them in all time frames beginning with 5 min on up to daily views.

AG 2000' said:

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Finished Mastering the Trade.

And have started learning Fibonaccis. This stuff feels like voodoo right now but applying it to charts is yielding some interesting results.

Can someone break down the pros/cons of Fibonacci levels?

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Here's your lady

https://www.fibonacciqueen.com/

https://www.amazon.com/dp/007149815X/ref=cm_sw_r_cp_apa_glt_fabc_DDT4DCD1ZZ0RZPQJTTT0

Ok - this makes my head spin. Looking at the charts for FITB and DFS, I see that the charts are near identical (for the day and extremely similar for the month). I mean very, very close - like they were the same company. What does this mean?...to me, this kind of precision can only be (Tin Foil hat moment) attributed to the activity of trading bots. I know they exist because my son is invested in a forex bot. So, we are being lead by our investing noses by bots. I'm sure many of you knew this already. So now the game is: how to take advantage of the knowledge? ***kin-a-tweezers.

don't get overly caught up in Fibonacci, RSI, or other in the past indicators. Remember that the objective in trading is to identify high probability moves in a certain direction and to take those. Fibonacci can be useful when you have confluence of levels across multiple time frames but it takes a lot of discipline and time to do this sort of analysis. Fibonacci also looks at timing in addition to levels. I don't use Fib timing in any way. The only in the moment indicators are volume and price.

When OA refers to model T he is referring to a retracement to the 50% mark, which is similar to Fib levels. Here's an example of this on $AMC (for Ag94...). Let's assume that todays top sticks as a confirmed reversal. There is very very high likelihood that AMC goes to $11.52 before going up again.

Another example of this is $NIO. If you assume that today is the bottom and it reverses (note: this has not confirmed a reversal yet), it is reasonable to conclude that $NIO will get back to $48.81.

You can also see in the previous high to low, that NIO previously rejected the rising 200 SMA and retraced to around the 38.2 fib level in mid march. Once a reversal confirms, being long NIO target 48.81 makes sense and your stop would be the break of the confirmed reversal.

cageybee77 said:

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Ok - this makes my head spin. Looking at the charts for FITB and DFS, I see that the charts are near identical (for the day and extremely similar for the month). I mean very, very close - like they were the same company. What does this mean?...to me, this kind of precision can only be (Tin Foil hat moment) attributed to the activity of trading bots. I know they exist because my son is invested in a forex bot. So, we are being lead by our investing noses by bots. I'm sure many of you knew this already. So now the game is: how to take advantage of the knowledge? ***kin-a-tweezers.

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they're both in financial services and they're both part of XLF, and if you notice closely, the chart pattern for XLF looks similar as well.

Aggiesincebirth said:

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59 South said:

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$30,000 Millionaire said:

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I think this was posted, but WWR is ridiculously undervalued. Eventually people will pick up on this.

I also discovered today that I own 0.1% of outstanding shares. Maybe I can give their investor relations team some guff.

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Don't you dare me to triple my position to match you.

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After reading this and knowing that I too own around 0.1% of the company, I'm starting to think Texags has at least a 1% ownership in WWR maybe more depending on how much OA owns. I think we deserve a board seat for our combined effort...

Also don't any of you sell!

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Okay. Why not? I'm game for the transparency. Who else? We might have more than 1%. Might have our own WSB Reddit play. I can add 26,000 to my 4k for the cause if we can drive the bus. It's a long term hold for me and it's either ZERO or to the moon.

You ........... = 30k
$30K .......... = 30k
ag94whoop = 4.5k
Farmer ........= 4k

Anyone else?

Cool, but that doesn't argue against my fears.

cageybee77 said:

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Cool, but that doesn't argue against my fears.

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those aren't fears my friend, it's the reality.