QQQ bearish megaphone... (or at least this pattern usually is bearish), who knows in this market.

yeah that is awful. any ounce of respect I had for him is gone. He kept pumping $10.

Oh dear. I friend of mine told me Saturday he was going "all in" on the next Zach Morris play. I'm afraid to even ask.

I think WISH was a bigger pump by Zack than CEI and DATS. That's the one he is really hanging his hat on.

Also, I don't think CEI is done. If it finishes the week above $4, today didn't mean much. If this thing rat tails to pink sheets then its a huge blow to the FURU's legacy.

Hot off the presses….

I saw someone today who works at Lockheed. He says their union started passing out flyers today for their workers to prepare to go on strike in the Spring.

Is this knowledge something that can be applied to profit? Looks like their stock is already in a downward trend.

Thoughts?

Has there been any news on MBIO? It has had a rough few days but I haven't seen any bad news.

BaylorSpineGuy said:

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Hot off the presses….

I saw someone today who works at Lockheed. He says their union started passing out flyers today for their workers to prepare to go on strike in the Spring.

Is this knowledge something that can be applied to profit? Looks like their stock is already in a downward trend.

Thoughts?

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That's very interesting. I wonder if it has anything to do with the vaccine mandate.

BaylorSpineGuy said:

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Hot off the presses….

I saw someone today who works at Lockheed. He says their union started passing out flyers today for their workers to prepare to go on strike in the Spring.

Is this knowledge something that can be applied to profit? Looks like their stock is already in a downward trend.

Thoughts?

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So they're planning a strike 6-months out? Seems fishy.

Not sure how it will or won't effect the stock price, but Kellogg employees went on strike today and the stock is down 0.64%, so not much impact there. Maybe follow $K for a few days/weeks and see how the strike effects the stock price.

*WORKERS AT ALL OF KELLOGG'S U.S. CEREAL PLANTS GO ON STRIKE: AP$K

— *Walter Bloomberg (@DeItaone) October 5, 2021

It also raises the question of whether it's already "priced in".

LMT is down significantly from its earlier year highs. Patient just told me that sounds like the union is getting ready for some negotiations with LMT and that things would likely be settling out in early '22. No idea when their contract is due for extension or whatever.

I had a dream 2 nights ago that the S&P fell back to 2200. Who cares….it's a dream.

Yes, that's true. But I also dreamed that BODY fell to 5.50. I had this dream in early July when it touched 12. It's now at 5.50.

Just sayin'……

Loyal - thanks for your work as always.

You mentioned bullish (2nd to last post) - then you discussed headed back to support. Do you think we go up this week? The small pull back at the end of the day is usually healthy, right? Learning.. Thanks!

BaylorSpineGuy said:

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It also raises the question of whether it's already "priced in".

LMT is down significantly from its earlier year highs. Patient just told me that sounds like the union is getting ready for some negotiations with LMT and that things would likely be settling out in early '22. No idea when their contract is due for extension or whatever.

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They had nonunion employees fill out surveys to list their skill levels from ability to work on cars to janitorial duties two months ago

Wild day. Glad I was smaller in $CEI.

BTC breaking 50k is big. Hope we keep going up!

MARA busted parabolic SAR bigly. This one might be ready to explode.

Red tomorrow you say?

It's not pretty, but RGS looks to be in a falling wedge dating back to May-ish. It's right at the bottom of the wedge now and even it's "breakout" last week didn't go outside of the wedge.

It essentially formed a doji today, so expecting it May breakout of the current trend down over last several days.

Certainly hope so.

What's our thoughts on a buy/write on CEI? If I can buy the underlying at $1.25 or so and sell a 10/15 $2C for around $.25 that seems like a pretty low risk trade? I have the daily model T at $2.59 so a bounce back certainly isn't out of the question.

And if that fails then I assume come 10/18 I'll still have a stock with pretty high IV that I can fetch good premium on and further decrease my cost basis.

Any thoughts?

Peter Klaven said:

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What's our thoughts on a buy/write on CEI? If I can buy the underlying at $1.25 or so and sell a 10/15 $2C for around $.25 that seems like a pretty low risk trade? I have the daily model T at $2.59 so a bounce back certainly isn't out of the question.

And if that fails then I assume come 10/18 I'll still have a stock with pretty high IV that I can fetch good premium on and further decrease my cost basis.

Any thoughts?

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I don't know that I'd mess with that knife, but if you were interested in the play you are talking about, it might be better to sell a $2 Oct15 put for a buck or more. If it reverses over $2 you keep your premium instead of the $ you'd pocket with a buy-write. If it doesn't you have shares at $1 net or lower instead of the $1 you were considering with the buy-write.

I think you're seeing that incorrect

Net profit in each scenario if the price goes to $2 is a buck (.75 for the ticker increase + .25 for the covered call OR 1.00 premium received for the sold put). Effective entry price in each scenario if the price stays $2 is also a buck ($1.25-.25 on the buy/write & $2-1 on the sold put)

I considered that too, but that put closed at a $.90 ask and I'm sure will open lower (barring an overnight surge) so getting a dollar or more on it doesn't seem likely. So the real question becomes how confident are we that CEI is above or below $2 on 10/15?

DubFalls said:

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Pro tip: If you are considering taking stock tips by a 'Saved by the Bell' character on an app called 'Twitter' immediately close your computer and throw it out the window.

— Arun S. Chopra CFA CMT🧐 (@FusionptCapital) October 5, 2021

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Also this

$CEI We’re going back over $5 don’t worry.

— Zack Morris (@MrZackMorris) October 4, 2021

$CEI $10+ https://t.co/prI1EDwi0R

— Zack Morris (@MrZackMorris) October 5, 2021

Adam Mancini
@AdamMancini4

Evening update: Excellent continued downside follow through here off 4360 - 4310 next support down...bottom can really fall out if that level is lost

TMOOSE said:

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Loyal - thanks for your work as always.

You mentioned bullish (2nd to last post) - then you discussed headed back to support. Do you think we go up this week? The small pull back at the end of the day is usually healthy, right? Learning.. Thanks!

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I think we chop more this week but no I think the overall direction is down til we approach that 4237 area as the next gold dashed line below where we are. I've thought from the moment we broke below 4360 that was where we were headed. Until we spend a couple of days above the current level I think that has to be seen as resistance.

Technicals aside look at the economy. We're in a pattern of more bad news that good right now. Add to that October is not generally a bullish month and I expect this to be a second negative month.

My focus this month will likely be credit call spreads and puts. I doubt I get long anything I'm not already in which is a pretty short list.

EDIT: I went back and looked at what you read as bullish. IMO the bigger picture is setting up as a bullish flag pattern which just means we're pulling back some before another move up. That I think we'll see happen but not this week and probably not before late October. Hard to say when it flips obvious, but yes I think we're looking at that pattern evolving.