Okay, so how does ELOX go from over $2.20 to now less than 1.90 in less than 2 hours. Did I miss some news on them killing babies or something?

I like COIN at this price.

Red Red Wine said:

---

Okay, so how does ELOX go from over $2.20 to now less than 1.90 in less than 2 hours. Did I miss some news on them killing babies or something?

---

Same thing I was wondering!

Heck, in this market the thing that usually triggers a drop like this is blowing past earnings expectations. Lol.

Red Red Wine said:

---

Okay, so how does ELOX go from over $2.20 to now less than 1.90 in less than 2 hours. Did I miss some news on them killing babies or something?

---

Dunno but I bought some shares at 1.75. It can now resume its climb.

MBIO is having a nice day. Up 10%.

Ccutamu said:

---

MBIO is having a nice day. Up 10%.

---

I'm able to sell some 0.05 calls for June $5

$30,000 Millionaire said:

---

astros4545 said:

---

Ccutamu said:

---

MBIO is having a nice day. Up 10%.

---

I'm able to sell some 0.05 calls for June $5

---

Don't. Catalyst soon. Wait.

---

Thanks $30K. I was about to do the same. Timeline on catalyst???

AG 2000' said:

---

Can we talk about averaging down for a minute?

Have some stuff from Q1 that I'm stuck on right now. With the correction / drop coming, feels like a good time (if there is one) to average down.

But having finished Master the Trade, Carter talks about averaging down being a fools errand. I know no method or concept is an absolute, but he makes the point multiple times in his book about how dumb averaging down like that is.

Thoughts?

BTW, I'm working off one data point which is being stuck on FUBO and just got green on it this week by buying at the low a few weeks back. So I know it can be done, but haven't been through a big drop like most folks think is coming.

---

Most of his trades are for pretty short turnaround. I wouldn't take it as gospel when talking about mid to long-term trades (investments). Also you should have conviction on why to get into something, if it doesn't move in the direction you are expecting, then as he would say that employee is doing a bad job and you should cut them loose. If you were in a monthly option position and it started to move against you, you for the most part shouldn't be averaging down.

But owning the stock opposed to options and it being part of a larger macro movement that caused it to go down... if you still like the stock then I don't think there is anything wrong with averaging down on it for accumulation.

Is now a good time to load up on some ELOX? Sorry I'm at work and don't have time to scroll through the thread. Thanks

djmeen95 said:

---

Red Red Wine said:

---

Okay, so how does ELOX go from over $2.20 to now less than 1.90 in less than 2 hours. Did I miss some news on them killing babies or something?

---

Same thing I was wondering!

Heck, in this market the thing that usually triggers a drop like this is blowing past earnings expectations. Lol.

---

Ehhh, stocks take the stairs up and the elevator down.

$30,000 Millionaire said:

---

astros4545 said:

---

Ccutamu said:

---

MBIO is having a nice day. Up 10%.

---

I'm able to sell some 0.05 calls for June $5

---

Don't. Catalyst soon. Wait.

---

So I hear you saying buy June calls today

NIO having a nice few days. Nice to see this one coming back.

Hmmmm...wondering if now is the time to buy a few late June/early July VIX 19 or 20C?

FJ43 said:

---

Hmmmm...wondering if now is the time to buy a few late June/early July VIX 19 or 20C?

---

Had the same thought. Opened 6/23 18/20 call spreads at .70

FJ43 said:

---

NIO having a nice few days. Nice to see this one coming back.

---

I bought June 11 calls at 1.59 and they are still red. Need a run on NIO, SKLZ and JMIA to make me feel better about my TDA account...lol and SOS, SINO, and IMMR if im dreaming

ELOX CC 7/16 $2.5 just filled @ .35

$WPG #addalert
Adding for this chart breakout , Highly Shorted REIT
30% Short, squeeze potential as well#risk on chart and see chart for setup
cc: @MrZackMorris pic.twitter.com/7Fm8PO7rja

— Ripster (@ripster47) June 4, 2021

jwhitlock3 said:

---

FJ43 said:

---

Hmmmm...wondering if now is the time to buy a few late June/early July VIX 19 or 20C?

---

Had the same thought. Opened 6/23 18/20 call spreads at .70

---

I went ahead and picked up some 6/15 18C for grins. Small. If we get any meaningful volatility spike next week they should pay.

Lotto
AMZN 3225C
Entry $2.35
May be flagging after nice spike up.

Can go to zero quick.

So does today's employment report change anyone's view on a correction happening soon? Just timeline-wise, wouldn't this suggest a delay in tapering talk? No need to dump small caps or tech just yet? See if this wave runs a bit longer?

$30,000 Millionaire said:

---

astros4545 said:

---

Ccutamu said:

---

MBIO is having a nice day. Up 10%.

---

I'm able to sell some 0.05 calls for June $5

---

Don't. Catalyst soon. Wait.

---

agreed....look at volume for the last 5-10 days....multiple times of buys with very little selling afterwards. Even looking at 1-2 day volume you can really see it.

I'm watching to sell covered calls too but when I see buy volume with little selling in my novice mind that means be patient and I've seen OA1 say something similar in regards to volume flow like this

FJ43 said:

---

Hmmmm...wondering if now is the time to buy a few late June/early July VIX 19 or 20C?

---

I've got July 21C on my watchlist....was 3.30 yesterday and down to 2.90 a bit ago. I'll probably pick up one.

also looking at SPY July 380 or 385 or 390

FJ43 said:

---

jwhitlock3 said:

---

FJ43 said:

---

Hmmmm...wondering if now is the time to buy a few late June/early July VIX 19 or 20C?

---

Had the same thought. Opened 6/23 18/20 call spreads at .70

---

I went ahead and picked up some 6/15 18C for grins. Small. If we get any meaningful volatility spike next week they should pay.

---

what price did you get in at...it seems to be hovering about 1.35 now

Trade idea

CRM
6/11 - 240C
Broken this weeks downtrend today.

I am having major indecision on whether or not to take profits in Google now or let it keep rolling.

$30,000 Millionaire said:

---

I am having major indecision on whether or not to take profits in Google now or let it keep rolling.

---

A lot can happen over a weekend and into early next week.

FJ43 said:

---

Trade idea

CRM
6/11 - 240C
Broken this weeks downtrend today.

---

In at $1.67

Ft.Worth_Ag said:

---

FJ43 said:

---

Trade idea

CRM
6/11 - 240C
Broken this weeks downtrend today.

---

In at $1.67

---

May get a little cool off here but we will see.

Downtrend break caught my attention. Need over $238 to give it a go but have a week.
MT is 241.63...ish