Clov 13


This feels like one of those ones that gets all covered up after hours and in the overnights then pulls back right before the open

FJ43 said:

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Orlando Ayala Cant Read said:

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Here is something to watch for on $ENZC. It's risky but its pattern in recent days has mirrored its last run pretty closely. If it runs to .33-.34 tomorrow it could be due for a run to .80+ in the coming days after.

As with any penny, its a risky play so proceed with caution. Just something to consider.

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Ummmmm.....

I think we may have missed the move.



Edit: My daily shows that way but the hourly is at $0.29. Maybe its a sign.

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I'm in at a .17 basis. It closed at .29 today.

Spaceship said:

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FJ43 said:

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Orlando Ayala Cant Read said:

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Here is something to watch for on $ENZC. It's risky but its pattern in recent days has mirrored its last run pretty closely. If it runs to .33-.34 tomorrow it could be due for a run to .80+ in the coming days after.

As with any penny, its a risky play so proceed with caution. Just something to consider.

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Ummmmm.....

I think we may have missed the move.



Edit: My daily shows that way but the hourly is at $0.29. Maybe its a sign.

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I'm in at a .17 basis. It closed at .29 today.

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Sheesh missed that one. I'll try and pick up a little next to the EGOCs of the world tomorrow.

Over the past month $VEON has a divergence in OBV and Accumulation/Distribution. The A/D has been down a bit, but relatively stable, while the OBV is down to January levels. In January A/D was in the negatives. What does that mean, either specifically for $VEON or in general?

Tomas Hermensa said:

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Over the past month $VEON has a divergence in OBV and Accumulation/Distribution. What does that mean, either specifically for $VEON or in general?

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I've never spent much time with this so had to just google it real quick.

Hmmmm.....

OBV falls when volume on down days is stronger. A rising OBV reflects positive volume pressure that can lead to higher prices. Conversely, falling OBV reflects negative volume pressure that can foreshadow lower prices.

FJ43 said:

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Tomas Hermensa said:

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Over the past month $VEON has a divergence in OBV and Accumulation/Distribution. What does that mean, either specifically for $VEON or in general?

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I've never spent much time with this so had to just google it real quick.

Hmmmm.....

OBV falls when volume on down days is stronger. A rising OBV reflects positive volume pressure that can lead to higher prices. Conversely, falling OBV reflects negative volume pressure that can foreshadow lower prices.

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Does that show that while there is some overall selling (A/D moving down a bit), we see the big price drops happen on big volume days and a bunch of little green days keep holding the price up (since price and A/D are stable)?

Carlo4 said:

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McInnis 03 said:

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Read it slow and in Morgan Freeman's voice and you'll really enjoy this update.

Short sellers are sitting at bids covering with refreshes & are more than happy to use algorithms in lowering bid based on 30 second volume levels.

I have seen it a thousand times & it sets up a much larger move. $CLOV is about to make a continuation run due to low resistance.

— 2021 Opportunity Stocks Knock (@oldarmy1) June 7, 2021

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But then my puts wont get assigned

Is XERS on anyone's radar for a low float short squeeze?

Maximus_Meridius said:

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Ukraine Gas Expert said:

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One, that zoom call would be awesome!

Two, what is the clov PT? I bought early in my trading career, too high of course, and never mass accumulated. Just curious on expectations. People calling for twenty seems high, for now, as there will be a pull back. I'm in at 12, and checking the waters on my clov bag.

Only four bags left after this one ..woo hoo!

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It's been a while, but I believe OA put the PT for CLOV at roughly $30. But keep in mind he's playing this as a mass accumulation and work to net free strategy; meaning that time is on his side and it may be next year before that PT is hit.

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Right. I have in my notes a PT for CLOV of $30 this year from Jan. 28th.

Obv?

Two indicators that attempt to show similar things, but are diverging here with VEON.

Quote:

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On-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in stock price.

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https://www.investopedia.com/terms/o/onbalancevolume.asp

Quote:

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The accumulation/distribution indicator (A/D) is a cumulative indicator that uses volume and price to assess whether a stock is being accumulated or distributed. The A/D measure seeks to identify divergences between the stock price and volume flow. This provides insight into how strong a trend is. If the price is rising but the indicator is falling it suggests that buying or accumulation volume may not be enough to support the price rise and a price decline could be forthcoming.

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https://www.investopedia.com/terms/a/accumulationdistribution.asp

I need a tool to see that information - Fidelity's "active trader" app doesn't (or I can't figure out how it does. Thanks.

Am I crazy for wanting to buy puts on MVIS? WSB cranking it up again. I've seen it enough to know it'll correct again...

KY-AG 10 said:

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Am I crazy for wanting to buy puts on MVIS? WSB cranking it up again. I've seen it enough to know it'll correct again...

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One of these days they're gonna get gobbled up by one of the big boys and/or the details of the msft pentagon contract will come out, and the train will have left the station. If you believe the old saying about "children and fools" that'll probably happen while the wsb goofballs are buying 1dte 35 calls and your logic supported model t puts will expire worthless

KY-AG 10 said:

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Am I crazy for wanting to buy puts on MVIS? WSB cranking it up again. I've seen it enough to know it'll correct again...

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Their LIDAR tech is top notch and helped MSFT get a multi-billion dollar govt contract iirc. WSB may be pumping it, but their tech is sound. Personally, I wouldn't try to time or gamble on a potential selloff.

Prognightmare said:

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KY-AG 10 said:

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Am I crazy for wanting to buy puts on MVIS? WSB cranking it up again. I've seen it enough to know it'll correct again...

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Their LIDAR tech is top notch and helped MSFT get a multi-billion dollar govt contract iirc. WSB may be pumping it, but their tech is sound. Personally, I wouldn't try to time or gamble on a potential selloff.

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Totally agree on the tech. I held long all the way through April when it spiked. Stop loss pulled me out near the high. Corrected to 13ish. Watched it consolidate a while. Thought I would go a bit lower. Then jumped again when I wasn't looking.
Having said all that, there's nothing I can find that backs this move in data. All just speculation from WSB. Which I've seen many times over last for about 3 to 5 days before the price corrects

In your chart if you go to 'add an indicator' OBV and A/D are two of the choices in ATP. I put it on my 1yr daily chart since I'm trying to see longer term trends. It should help show strength of an uptrend or downtrend, but I'm pretty green with it.

KY-AG 10 said:

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Prognightmare said:

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KY-AG 10 said:

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Am I crazy for wanting to buy puts on MVIS? WSB cranking it up again. I've seen it enough to know it'll correct again...

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Their LIDAR tech is top notch and helped MSFT get a multi-billion dollar govt contract iirc. WSB may be pumping it, but their tech is sound. Personally, I wouldn't try to time or gamble on a potential selloff.

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Totally agree on the tech. I held long all the way through April when it spiked. Stop loss pulled me out near the high. Corrected to 13ish. Watched it consolidate a while. Thought I would go a bit lower. Then jumped again when I wasn't looking.
Having said all that, there's nothing I can find that backs this move in data. All just speculation from WSB. Which I've seen many times over last for about 3 to 5 days before the price corrects

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Your approach is sound. Honestly I haven't done any in depth DD on it because I only trade it. That being said, from what I've read, their LIDAR tech is even better than TSLA's and if it's true, you don't want to short the stock outright. Puts may, or may not payoff, but with every idiot carmaker ramping up EV and self-driving, MVIS is so small it's a definite takeover possibility by several deep pocketed players. If you believe it will correct, then I suggest using puts instead of shorting it because you know what your max loss will be. JMO

Prognightmare said:

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KY-AG 10 said:

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Prognightmare said:

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KY-AG 10 said:

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Am I crazy for wanting to buy puts on MVIS? WSB cranking it up again. I've seen it enough to know it'll correct again...

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Their LIDAR tech is top notch and helped MSFT get a multi-billion dollar govt contract iirc. WSB may be pumping it, but their tech is sound. Personally, I wouldn't try to time or gamble on a potential selloff.

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Totally agree on the tech. I held long all the way through April when it spiked. Stop loss pulled me out near the high. Corrected to 13ish. Watched it consolidate a while. Thought I would go a bit lower. Then jumped again when I wasn't looking.
Having said all that, there's nothing I can find that backs this move in data. All just speculation from WSB. Which I've seen many times over last for about 3 to 5 days before the price corrects

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Your approach is sound. Honestly I haven't done any in depth DD on it because I only trade it. That being said, from what I've read, their LIDAR tech is even better than TSLA's and if it's true, you don't want to short the stock outright. Puts may, or may not payoff, but with every idiot carmaker ramping up EV and self-driving, MVIS is so small it's a definite takeover possibility by several deep pocketed players. If you believe it will correct, then I suggest using puts instead of shorting it because you know what your max loss will be. JMO

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Not sure I could short even if I wanted to
The knock on MVIS is they've not truly come out with a gtm product for the EV market and it irritates some. The prototypes are far beyond competitors. No doubt. Rumors are MVIS isn't interested in the manufacturing of the device and looking for a TSLA MSFT et al to buy out but it's hard for me to gauge accuracy on that rumor.
My crystal ball says one of these days they'll either get bought out or land a contract with one or more car maker and that's when the market cap will explode.

Praying to baby Jesus for a strong gap up on clov in the morning

tv1113 said:

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Praying to baby Jesus for a strong gap up on clov in the morning

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I day traded it today, but based off the volume today, it should open up positive tomorrow.

Haven't looked at all dates and strikes on CLOV, but the ones I did glance at, the 8/20 30C seemed to be the best premium when factoring in date and strike price. If it opens over $12 tomorrow, I may try to sell covered calls for that strike. Had an order for $1.30 at the end of the day, but never got filled.

Of course, I also have in the back of my mind that WSB will turn it into the next AMC and it'll be at $100 once they get tired of AMC and GME.

khkman22 said:

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Haven't looked at all dates and strikes on CLOV, but the ones I did glance at, the 8/20 30C seemed to be the best premium when factoring in date and strike price. If it opens over $12 tomorrow, I may try to sell covered calls for that strike. Had an order for $1.30 at the end of the day, but never got filled.

Of course, I also have in the back of my mind that WSB will turn it into the next AMC and it'll be at $100 once they get tired of AMC and GME.

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We can only hope!

I just think a strong gap up to at least 13.50 solidifies retail interest, officially sets shorts towards the red, and will mean tomorrow is another nutty nutty day.

khkman22 said:

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Haven't looked at all dates and strikes on CLOV, but the ones I did glance at, the 8/20 30C seemed to be the best premium when factoring in date and strike price. If it opens over $12 tomorrow, I may try to sell covered calls for that strike. Had an order for $1.30 at the end of the day, but never got filled.

Of course, I also have in the back of my mind that WSB will turn it into the next AMC and it'll be at $100 once they get tired of AMC and GME.

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May want to do a July date then, gives you time to roll if needed