calling it for the day, wish they were all this stress free.

BlueTaze said:

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What's your target to close out short?

I tip toed in at 1.18 yesterday and looking for .50 to scale in a bit bigger. I don't think this pump is over quite yet. I don't think big shorts are holding out for $0.

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I day trade it with shares. so I closed out my position yesterday from the 1.70s in the high 1.20s and then I re-hit it today when it touched 1.30 and covered down in the 1.05 - 1.10s. I used about 3,000 - 5,000 shares on each trade. I don't like overnight exposure unless it's OA banging the table.

SPY closed above the 8EMA for the 1st time since 9/27

We shall see.

$PROG

Stock offering is closed. Dilution complete. Stock closed at $1.43 today.

Progenity Raises $20 Million from Share Offering
04:09 PM EDT, 10/06/2021 (MT Newswires) -- Progenity(PROG) said Wednesday it has sold around 13.3 million shares at $1.50 each, raising about $20 million to support its operations, invest in research and development and for working capital.

McInnis 03 said:

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TMOOSE said:

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Tics free trade plan for tomorrow!

FREE trade plan 10/7:

1. Orderflow pivot is 4327.25

2. IMO there are stops at 4362 which sellers are protecting

3. If we get to these stops 4392 can trade

4. If open is below 4327, then 4280 may trade . Now 4338.

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Cem seems to think this week was made to run up due to a 3-factor deal about Ivol and some other stuff. But a bunch of vanna and charm come off on Friday so he's unsure if we can juice it enough to keep it going into next week. (OPEX)

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As well as facing the headwinds of the checklist below-
-unemployment report out on Friday
-inflation
-talk of tapering
-talk of raising interest rates
-China melt (Evercleargrande)
-debt ceiling (btw, we busted through the ceiling and the roof long ago)
-default
-threat of the US credit downgrade
-Powell reappointment or ejection seat
-supply chain issues
-housing bubble or is it
-energy issues
-new tax laws
-more stimulus

-miss anything?

I am bullish to the end of the year, but this October month is acting like a gigantic wheel chock.

I'm beginning to think that JPowell will wait on tapering and/or raising interest rates based on if he gets reappointed. If the stock market reacts negative to tapering or an interest rate rise (and it should) why would Powell want his legacy remembered in this manner when he's walking out the door? Let the other guy/gal new Fed Chair do the dirty work. If this is the case, the stock market would be negative with a new Fed Chair and negative with a taper. A double negative. Otherwise, let Powell get reappointed, do the taper/interest rate deed and give him a chance to work through the mess with a good landing for the economy.

Farmer @ Johnsongrass, TX said:

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McInnis 03 said:

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TMOOSE said:

---

Tics free trade plan for tomorrow!

FREE trade plan 10/7:

1. Orderflow pivot is 4327.25

2. IMO there are stops at 4362 which sellers are protecting

3. If we get to these stops 4392 can trade

4. If open is below 4327, then 4280 may trade . Now 4338.

---

Cem seems to think this week was made to run up due to a 3-factor deal about Ivol and some other stuff. But a bunch of vanna and charm come off on Friday so he's unsure if we can juice it enough to keep it going into next week. (OPEX)

---

As well as facing the headwinds of the checklist below-
-unemployment report out on Friday
-inflation
-talk of tapering
-talk of raising interest rates
-China melt (Evercleargrande)
-debt ceiling (btw, we busted through the ceiling and the roof long ago)
-default
-threat of the US credit downgrade
-Powell reappointment or ejection seat
-supply chain issues
-housing bubble or is it
-energy issues
-new tax laws
-more stimulus

-miss anything?

I am bullish to the end of the year, but this October month is acting like a gigantic wheel chock.

I'm beginning to think that JPowell will wait on tapering and/or raising interest rates based on if he gets reappointed. If the stock market reacts negative to tapering or an interest rate rise (and it should) why would Powell want his legacy remembered in this manner when he's walking out the door? Let the other guy/gal new Fed Chair do the dirty work. If this is the case, the stock market would be negative with a new Fed Chair and negative with a taper. A double negative. Otherwise, let Powell get reappointed, do the taper/interest rate deed and give him a chance to work through the mess with a good landing for the economy.

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yes, you forgot to mention 1) our president is an idiot and 2) the congress is a disaster.

Howdy family, I waited until the market closed to post this PSA.

You all know my mother and I have Covid (Delta) and thank you for all the T&Ps.

If you, or anyone you know/care about contract covid, immediately get a referral for the Regeneron monoclonal antibody treatment, it's simply miraculous. It will knock your dick in the dirt the 24 hours after receiving it though. The doctor said that would happen. I didn't really believe him, but he was right and I couldn't have been more wrong. However, it's worth it. I received it yesterday (day 3) at 8 am and I even questioned myself if I should have taken it yesterday. The answer is yes. I'm on day 4 of my covid adventure and I feel like I did before I caught it. Other than a slight cough and still contagious to others, I'm over covid. I know this is anecdotal but I wanted to share my experience with you guys in the event you catch it. I believe everyone will catch it at some point in their lives.

To make this stock related, I bought ROKU at 307 earlier this week and it looks like it's going to run.

Also, put CVNA on your radar. I believe it's about to reverse and there's a lot a profit potential over the next 3-6 months.

Gig'em

Prog

That's some damn good bull

You're probably right….because I almost never am.

Oh, and you forgot to mention violent crime is up for first time in 4 years.

You are the eternal optimist, friend! Your house could be on fire and you would be excited that it wasn't cold indoors haha jk.

For all the reasons you mentioned, I remain bearish, but the market makers suck premium like crazy based on market sentiment.

The debt ceiling thing is a big farce. Our dumbass leaders would never let us default on the ridiculous spending they've already promised and legislated.

This country has to wean itself from the heroin that is government spending. Or we will OD one day. The fact we keep having to raise the debt ceiling while not curbing federal spending is a complete shame.

BaylorSpineGuy said:

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You're probably right….because I almost never am.

Oh, and you forgot to mention violent crime is up for first time in 4 years.

You are the eternal optimist, friend! Your house could be on fire and you would be excited that it wasn't cold indoors haha jk.

For all the reasons you mentioned, I remain bearish, but the market makers suck premium like crazy based on market sentiment.

The debt ceiling thing is a big farce. Our dumbass leaders would never let us default on the ridiculous spending they've already promised and legislated.

This country has to wean itself from the heroin that is government spending. Or we will OD one day. The fact we keep having to raise the debt ceiling while not curbing federal spending is a complete shame.

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Congress needs better age diversity to properly balance short term and long term needs of the country. These ancient boomers keep kicking the can down the road.