VEON 1.89.... time for a nudge

Need some more volume.

McInnis 03 said:

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BREwmaster said:

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ONTX volume, swinging it again today, $1+!

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I went net free at just over $1 yesterday. Had to.

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same here, net free on same day purchase, crazy! (I sold 75% of shares yesterday). bought the dip again today though just to swing some. Volume pump as I'm typing this!

ONTX $1.01

I'm getting crushed today. Mostly because of IOVA. They're having trouble being able to determine appropriate assay benchmarks with the FDA on a new drug. Had been pushed back to April this year I believe (back in October) and now it just got pushed back to late this year or first half 2022.

Majority of analysts still have this as a buy or strong buy with targets in up $40s to low $50s. Today it's down over 35% and is in the $16 - $17 range. I'd expect this to bounce back if you have the patience for it.

Jack Bristow said:

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McInnis 03 said:

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BREwmaster said:

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ONTX volume, swinging it again today, $1+!

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I went net free at just over $1 yesterday. Had to.

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What's the long term strategy for ONTX? I went net free the first time a couple months ago when OA signaled, but not sure if this is a long term hold or should sell when it tops out again.

(ONTX was my first play after following this board and OA)

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I don't have notes available to find actual posts from previous, but for most it is a longer term hold until it (hopefully) breaks out beyond it's usual resistance ranges. Go net free; then you can trade the ranges with additional shares if you want to buy the dip and sell on the peaks. The "buy range" for this one has trended up. I remember when the dip we were looking for to buy was .25

FJ43 said:

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ONTX $1.01

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give us a February type run!

Mostly Foggy Recollection said:

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Yes, I do VIX calls and puts. I sell premium on UVXY.

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What do you do with VIX?

Swing calls and puts between 16 and 20, then 20 and 24?

Sheesh those NVDA calls are at $8.50. Guess the fed said something good.

If you are still holding I see 566.39 as next resistance.

do you have a son who's first initial is J also?

I have LADR 05/21/2021 12.50 C expiring, is anybody still in this?

TubTub said:

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I have LADR 05/21/2021 12.50 C expiring, is anybody still in this?

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I've been holding lots of shares in retirement account from the super cheap buys about a year ago. No calls. Plan to still hold.

VIX inching up

Is crypto falling good for stock market ? or does it matter?

OKC~Ag said:

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Is crypto falling good for stock market ? or does it matter?

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Financial instability usually hurts the market. Shouldn't do much long term unless crypto just vaporized.

OKC~Ag said:

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Is crypto falling good for stock market ? or does it matter?

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You missed the bounce back.....it was just a short-term blip. BTC hit a low of 29.3k and is currently 39.5k. DOGE is up about 100% from its daily low

That being said I have no advice on these long-term!

jimmo said:

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$AMD breaking out
4B$ share buyback

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Boy I am sure trying to understand the strategy here. I guess they figure with inflation they are "ok" with their debt, so need to spend the money somewhere

Edit: reading the tea leaves.. looks like they are spending the cash they stumbled upon in the Xilinx deal.

FOMC NOTES IN 10 MIN

tailgatetimer10 said:

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jimmo said:

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$AMD breaking out
4B$ share buyback

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Boy I am sure trying to understand the strategy here. I guess they figure with inflation they are "ok" with their debt, so need to spend the money somewhere

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It is a payoff for the executive team.

The majority of the volume is algos right? Watching roku oscillate from upper to lower BB has to be also trading.

$U
Keeping an eye on it for now. Looking for reversal pattern to show up some time.

McInnis 03 said:

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FOMC NOTES IN 10 MIN

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CrazyRichAggie said:

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McInnis 03 said:

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FOMC NOTES IN 10 MIN

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Lotto-ing 410c

GIVE ME DA GREEN

https://www.federalreserve.gov/monetarypolicy/fomcminutes20210428.htm

VIX spike

Stopped out of the rest of my SPY lottos. Guessing the news wasn't great.

Plop

J.P. 03 said:

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Stopped out of the rest of my SPY lottos. Guessing the news wasn't great.

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Not unusual for exaggerated moves immediately after the FOMC minutes. They tend to get bought back up

FED MINUTES: ECONOMY REMAINS FAR FROM COMMITTEE'S GOALS
[2:03 PM]
FOMC Minutes: Officials Saw Higher Inflation But Deemed It Transitory

They are in denial....or something else.

J.P. 03 said:

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Stopped out of the rest of my SPY lottos. Guessing the news wasn't great.

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I am not seeing anything earth shattering

Quote:

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The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time. In addition, the Federal Reserve will continue to increase its holdings of Treasury securities by at least $80 billion per month and of agency mortgagebacked securities by at least $40 billion per month until substantial further progress has been made toward the Committee's maximum employment and price stability goals. These asset purchases help foster smooth market functioning and accommodative financial conditions, thereby supporting the flow of credit to households and businesses.

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For now....
SPY held 408
Qs held 320

VIX still at 23.80 and slightly rising.

FJ43 said:

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CrazyRichAggie said:

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McInnis 03 said:

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FOMC NOTES IN 10 MIN

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Lotto-ing 410c

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LOL, I was this close to buying SPY puts. Missed my entry, would've paid! VIX was down at support before fed minutes, but curling up a bit.