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Ferris Wheel Allstar
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In reply to RigsTx • 4:53p, 6/16/21
AG
RigsTx said:
McInnis 03 said:
AG 2000' said:
SAVA 90 July calls big buy
somebody knows.

$1.17MM buy for the record.

The interesting thing here is that these will expire before SAVA presents at the Alzheimers Conference.

So they must be expecting a run-up into that.

I own some LEAPS on this and trying to decide if I want to hold through the conference or reduce my position size to Net Free.

I'm quite bullish on the stock, but I worry about buy the rumor, sell the news happening.

Anyone else have any thoughts?
If they get FDA approval, this thing will blow up fast. This isn't EVs or SPACs bs, its a drug with a new approach that would change the lives of millions. The risk is if the results suck.


*Just my opinion
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Maedan86
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In reply to Definitely Not A Cop • 5:10p, 6/16/21
AG
Champ Bailey said:
WARM has been killing it for the past month. Already net free on it, let's ride this baby to a dollar.
Lucky for you because I sold mine today at .92, which means it'll probably run up past a dollar for ya. Hope so.
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FTAG 2000
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In reply to Ferris Wheel Allstar • 5:29p, 6/16/21
AG
Ferris Wheel Allstar said:
RigsTx said:
McInnis 03 said:
AG 2000' said:
SAVA 90 July calls big buy
somebody knows.

$1.17MM buy for the record.

The interesting thing here is that these will expire before SAVA presents at the Alzheimers Conference.

So they must be expecting a run-up into that.

I own some LEAPS on this and trying to decide if I want to hold through the conference or reduce my position size to Net Free.

I'm quite bullish on the stock, but I worry about buy the rumor, sell the news happening.

Anyone else have any thoughts?
If they get FDA approval, this thing will blow up fast. This isn't EVs or SPACs bs, its a drug with a new approach that would change the lives of millions. The risk is if the results suck.


*Just my opinion


It's all opinion here. No one really knows for sure on any trade or stock in general.

That said, BIIB got FDA approval for an Alzheimer's drug last week and the stock price went up $130. At the start of the year when SAVA announced six month results of its trial, it ran from 20 to 117. No one has ever had positive cognitive results at nine months which is where SAVA will be announcing results of next month.

Just to reiterate, the only FDA approved Alzheimer's drug is only good for about six months. After that the brain stops responding. So if SAVA reports positive cognitive functional results next month at nine months, it will have accomplished something that has never been done before.

Their six months cognitive numbers were better than what biib just got approval based on. It's not without risk but the reward is massive.
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McInnis 03
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7:17p, 6/16/21
AG
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
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FTAG 2000
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In reply to McInnis 03 • 9:58p, 6/16/21
AG
McInnis 03 said:


Someone translate
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$30,000 Millionaire
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In reply to FTAG 2000 • 11:08p, 6/16/21
AG
Short from 4224 to 4180, long from 4224 to 4250
You don’t trade for money, you trade for freedom.
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FbgTxAg
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2:24a, 6/17/21
AG
Tonight is the first night this entire week I'm not reading FJ's morning update before I fall asleep.

So

Mornin' FJ!

A week in Vegas is hard on an old man who lives like he's 25. and I need Fruit to get to 132 to cover my losses so far.

See y'all after the bell!
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FJ43
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3:38a, 6/17/21
Morning !

I'm pulling for a red to green day.

TTD - I see the split on my dashboard so now 10 for every 1 I had.

Your morning snapshot....



SPY - we are hugging my 420.68 level this morning. We need above 423 and 423.42 is my target to reclaim.

Below here I have:
418.24, 417.79 (my guess back test), 417.03, 416.36 (possible and watching), 414.40, 411.95, 411.04, 408.68, 405.23, 404.18, 398.04 with chatter in between.

Qs if we lose 339.9 I see: 337.61, 336.48, 334.94, 334.54, 332.09, 330.08, 329.01

VIX up at 18.62. We need to reject 20 today should this rise. Get above 20 IMO we head lower market wise.

My plan...look for relative strength and leave the rest alone. Be patient and probably play smaller with OpEx arriving.

Make your decision Bulls or Bears.....just pick a dang direction and lets go!!!




Trade wisely!
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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FJ43
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4:37a, 6/17/21
???

Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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ProgN
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4:44a, 6/17/21
From the tears thread and I wanted to share this with y'all.

Quote:
Good Morning Meltdown Thread,

Potential flood warning for this morning and throughout the day as Mr. Reuben Owens has just removed all "Texas commit" information from his Instragram and Twitter accounts. Here's to the misery of tu!
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FJ43
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4:48a, 6/17/21

Ok Ok Ok I couldn't help myself.

PROG...this one is for you.

PROG

Is it a play back to MT?
Flagging.
Volume incoming?
Closed above 50EMA and held the volume day well.
Break downtrend and $3.69 this could run back to $4.03, 4.95 (MT), 5.26, +, +, +

Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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ProgN
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In reply to FJ43 • 4:52a, 6/17/21
You kill me.
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FJ43
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5:04a, 6/17/21

RUN

Maybe keep an eye on it. Big volume yesterday and closed over the 50EMA & SMA.

Get a 10/50 SMA cross and this could be off to the races. 100 & 200 EMAs are about 52.15.

Close above 50.41 would be nice.

Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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oldarmy1
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5:23a, 6/17/21
AG
Would you buy this stock with a p/e of 9.6 and down over 50% since March?
$5.5 Billion in cash
(USD) Mar 2021 Y/Y
Revenue 7.41B 14.05%
Net income 911M 76.55%
Diluted EPS 1.44 71.43%
Net profit margin 12.29% 54.79%
Operating income 1.52B 34.4%
Net change in cash 2.51B 2539.81%
Cash on hand 5.5B 833.62%
Cost of revenue 4.36B 10.29%
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ProgN
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In reply to oldarmy1 • 5:28a, 6/17/21
oldarmy1 said:
Would you buy this stock with a p/e of 9.6 and down over 50% since March?
$5.5 Billion in cash
(USD) Mar 2021 Y/Y
Revenue 7.41B 14.05%
Net income 911M 76.55%
Diluted EPS 1.44 71.43%
Net profit margin 12.29% 54.79%
Operating income 1.52B 34.4%
Net change in cash 2.51B 2539.81%
Cash on hand 5.5B 833.62%
Cost of revenue 4.36B 10.29%
I don't have the funds to buy one of your companies at this time, sorry brother.
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Bonfire1996
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5:48a, 6/17/21
AG
Looks like $THO

Thor, RV manufacturer with a $15 Billion backlog. Huge exposure to inflation though, both at production and people's spending habits.
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Red Pear Luke (BCS)
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In reply to Bonfire1996 • 5:55a, 6/17/21
Sponsor
AG
Bonfire1996 said:
Looks like $THO

Thor, RV manufacturer with a $15 Billion backlog. Huge exposure to inflation though, both at production and people's spending habits.


They also got wiped during the 2008 recession. Very boom or bust industry. But then again, with housing prices and the market as it is - I can see more of a sustained demand for houses on wheels.
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oldarmy1
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In reply to oldarmy1 • 6:02a, 6/17/21
AG
It's VIAC

If we get a correction I'm targeting leaps. The volume has calmed down to pre-selloff averages so downward pressure should be minimal.
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cageybee77
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In reply to oldarmy1 • 6:42a, 6/17/21
AG
Trading sideways for three months. If it shows sustained interest for a few days.. it does look like there is some low key accumulation going on - plenty of support.
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McInnis 03
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In reply to oldarmy1 • 7:01a, 6/17/21
AG
oldarmy1 said:
Would you buy this stock with a p/e of 9.6 and down over 50% since March?
$5.5 Billion in cash
(USD) Mar 2021 Y/Y
Revenue 7.41B 14.05%
Net income 911M 76.55%
Diluted EPS 1.44 71.43%
Net profit margin 12.29% 54.79%
Operating income 1.52B 34.4%
Net change in cash 2.51B 2539.81%
Cash on hand 5.5B 833.62%
Cost of revenue 4.36B 10.29%


Oh gosh. Fundamentals. What are these things? Where are the squiggle lines!?
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
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oldarmy1
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7:08a, 6/17/21
AG
Kroger $1B share buyback
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oldarmy1
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7:10a, 6/17/21
AG
If we get a hard drop on data at 7:30 watch the volume and consider buying the biggest spike in volume looking for a "V" on the 5 minute chart.
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austinAG90
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7:12a, 6/17/21
AG
Thursday Macros

Fed Hawkish Tilt Crushed Belly... Bond On Fire...Next??? Reversal or Snowball

The Fed made a Hawkish tilt which most of the market was not expecting, we thought it was coming... Too much inflation and too much loose transitory talk... We won't go through all the changes from yesterday, but clearly the view is hawkish and tapering talk is moving forward... Now lets try to figure out what the markets are going to do.

Rates...Mini tantrum yesterday... 5 years, both yesterday and overnight, hit .91... Up from .70 last Friday and .77 yesterday... If .91 gives way (.90) then .98, the high yield of 4/5/21 becomes support... We are still looking for 1.25-1.31 of 5 years but that gets ahead of where we are currently...10 years moved from 1.49 yesterday before the Fed to our support level of 1.59 , it hit that again in Asian time last night, currently 1.56... So if 1.59 gives away, then 1.64 becomes the next number with 1.70 after that. The high of 3/31, 1.76 becomes next support... The longer term objective is 1.95-2%, but it will take more time... Similar to the cash, the 5 and 10 year tips got smoked...5 years moved from -1.77 to -1.53 yesterday 24 basis.. We said a month or so ago, tapering would shift the curve and crush the belly... Long bonds would do better on the curve because it means that the Fed is taking inflation more seriously now...

Best social media post by a Bloomberg reporter overnight "for an outcome-based Fed, Powell sure is making a lot of projections about coming months"... As we said, we think Powell is losing the support of his troops and will be replaced as Chair... Just our opinion...

One of the more important points of what the Fed did yesterday is the raising of IOER and reverse repo by 5 basis... While this sounds technical to most, we think it is part of the reason the belly, and short corporates, will get hit... Nowadays flows and technical's dominate managed strategies... With the small raise in the short end, this will curtail the need of money markets to go out the duration and credit curve... These are big numbers and most of these moves have been forced buying... 2 years are back above .20 basis... We will see how spreads respond... But we did not see this talked about much overnight...

No strong opinion on equities... Still think June is ok... July will be tricky... But we expect to get our exposure down before the two worst months for equities of the year, August and September.. Dollar should remain strong in the near term... Commodities are in the midst of a short correction... Inflation will stay with us and probably accelerate... Economic numbers will be tricky as supply chains are still absurd...employment should start to rise dramatically as people come off the bench of Federal assistance and start to take the 9 million plus jobs that are out there...JPM still sees higher rates, we agree, but it will come with a shifting curve and choppy trading....
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BrokeAssAggie
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In reply to oldarmy1 • 7:13a, 6/17/21
oldarmy1 said:
If we get a hard drop on data at 7:30 watch the volume and consider buying the biggest spike in volume looking for a "V" on the 5 minute chart.


KR?
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McInnis 03
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In reply to BrokeAssAggie • 7:28a, 6/17/21
AG
CrazyRichAggie said:
oldarmy1 said:
If we get a hard drop on data at 7:30 watch the volume and consider buying the biggest spike in volume looking for a "V" on the 5 minute chart.


KR?
I had asked OA on twitter about a flash sell after jobless numbers and whether or not to fade it. This was his advice to me on what to look for if looking to fade general indices, no one specific equity.

If we run up to 4202 on ES after jobless I'm going short, if we run down to 4183 or so I'l go long.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
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McInnis 03
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7:28a, 6/17/21
AG

***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
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McInnis 03
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7:31a, 6/17/21
AG
Well that was uneventful for the moment.......
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
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BrokeAssAggie
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7:43a, 6/17/21
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McInnis 03
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7:49a, 6/17/21
AG
S&P isn't really giving any clues yet, gonna have to be patient today on the intraday plays and that's my weakness. Cross your fingers for me.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
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Saltyag15
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In reply to BrokeAssAggie • 7:49a, 6/17/21
AG
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cageybee77
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In reply to BrokeAssAggie • 7:49a, 6/17/21
AG
That seems
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$30,000 Millionaire
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In reply to oldarmy1 • 7:59a, 6/17/21
AG
oldarmy1 said:
Would you buy this stock with a p/e of 9.6 and down over 50% since March?
$5.5 Billion in cash
(USD) Mar 2021 Y/Y
Revenue 7.41B 14.05%
Net income 911M 76.55%
Diluted EPS 1.44 71.43%
Net profit margin 12.29% 54.79%
Operating income 1.52B 34.4%
Net change in cash 2.51B 2539.81%
Cash on hand 5.5B 833.62%
Cost of revenue 4.36B 10.29%


YES
You don’t trade for money, you trade for freedom.
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Scimitar
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In reply to oldarmy1 • 8:04a, 6/17/21
AG
Intriguing. Tell me about its debt, free cash flow, and compare its cost of equity with its return on equity and any dividends it pays
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$30,000 Millionaire
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8:06a, 6/17/21
AG
I am open to R/G today for the pit bull low type of effect. I am still neutral to bear biased
You don’t trade for money, you trade for freedom.
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$30,000 Millionaire
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In reply to Scimitar • 8:06a, 6/17/21
AG
Scimitar said:
Intriguing. Tell me about its debt, free cash flow, and compare its cost of equity with its return on equity and any dividends it pays


Whoa! Hope you're well dude.
You don’t trade for money, you trade for freedom.
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