BlueTaze said:

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Anyone know which direction WWR is going on funding? SH dilution or loan?

In the Q&A yesterday the answer was ambiguous on having strong enough balance sheet for loan, but keeping dilution on table due to high interest rates.

To me that sounds like dilution coming. Typically start ups deny dilution if its not already a foregone conclusion. He could have said "we have no plans to issue new shares at this time."

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They've been continually diluting already from that shelf offer the shareholders voted for last year. It looks like they added an additional 10 million shares during 2Q 2022. That's what drove the price down again. Management doesn't appear to care much about their investors.

I tried to stay steady in my approach for the anticipated rally. Hopefully, anyone interested saw my shift from tweeting about layering Puts short/med/long I was tweeting that I had completely reversed and had entered short/med/long range Calls. The setup was ideal.

I think we continue to surprise to the upside, potentially closing the only gap hanging out on SPX. Monday gap and trap would be the instinctive trade for starting a consolidation. One of the most profitable trading instruments over the last week has been the overnight ES options. Resistance and support have been tradeable without hardly any flash to test resolve, before retracing back to the opposite level.

I did make all the usual management moves on larger holdings. All but one of the entered shares with 50% covered call, 100% put had covered calls premium reduced to the point where I could buy them back. I'll lose $SQ on 50% as its rocked upward above the calls I still own. But I'd be selling them today anyways, so the profit is less only the put premiums.

I'd target Dec 16 calls for one more week for any new entries. Hope everyone made a killing!

oldarmy1 said:

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I tried to stay steady in my approach for the anticipated rally. Hopefully, anyone interested saw my shift from tweeting about layering Puts short/med/long I was tweeting that I had completely reversed and had entered short/med/long range Calls. The setup was ideal.

I think we continue to surprise to the upside, potentially closing the only gap hanging out on SPX. Monday gap and trap would be the instinctive trade for starting a consolidation. One of the most profitable trading instruments over the last week has been the overnight ES options. Resistance and support have been tradeable without hardly any flash to test resolve, before retracing back to the opposite level.

I did make all the usual management moves on larger holdings. All but one of the entered shares with 50% covered call, 100% put had covered calls premium reduced to the point where I could buy them back. I'll lose $SQ on 50% as its rocked upward above the calls I still own. But I'd be selling them today anyways, so the profit is less only the put premiums.

I'd target Dec 16 calls for one more week for any new entries. Hope everyone made a killing!

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We have a gap below on SPX also now from CPI. Things look decent to at least go test the downtrend line, may pull back/ consolidate first.

True that. Was focused on upside gaps, but definitely once we finish dip buying trend that's gonna be sticking out like a sore thumb.

OA if you're still looking at this thread… at risk of starting a TA run on the bank, what's your current read on the future prospects of WWR? Are we basically hoping for federal money as our only path to a reasonably profitable return on investment? Otherwise dilution is going to crush investors?

They're statements are posturing for that Federal money, which is a good strategy. They probably should have carried some debt on the books, as that ironically would help get them more attention for funds.

The majority of their large CapEx expenditures have been made and they remain debt free with over $100M in the bank.

It's future remain all about production coming online, and if there is anything to be frustrated with it's how long it's taken to get back on track from Covid lock-downs and supply delays.

I'm content to wait as long as dilution doesn't reach over 100m shares.

Didn't get to trade yeserday... too busy passing my Series 66.

I am now a fully licensed FA.

Ain't gonna lie. I really pushed this one. Took my 7 on October 18, so only had about 3 weeks of prep for this one (coupled with regular business meetings, being a dad, etc). Wasn't sure if I was gonna pass or not, but wanted to shoot my shot.

Now I get to actually spend time on things that will make me some $. A world I'm not familiar with being a former teacher and coach.

Lolol no idea why that guy is carrying a sword but that is just beautiful. Reminds me of some of my WV kinfolk. Lol

Congrats Irish Pete!

I also have a sword. Should I post a pic?

BlueTaze said:

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A chart for those discussing gaps above and below. I also think we run up first. But if we make it up there I would look to go cash and short over stocks with huge amounts of debt or any trash meme stocks that may have squeezed.

https://t.co/RRxJAf2N8m pic.twitter.com/VUHrM4ZdEP

— Carter Braxton Worth (@CarterBWorth) November 9, 2022

Edit- Carter and likely most of his followers are bears, he was predicting further crash when we traded at 3500

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Resistance levels - 4000, 4100-4120 range, 4275-4300 range, 4425-4550 range

Support levels - 3900, 3700, 3500, then lower gaps.

Trade the confirmed trends and don't fight them when between levels. Take profits, minimize risk, or hedge when approaching a S/R level. Remember that we are in bear market bounce still. And we just had a classic robust move that we get during each segment of a bounce. What's likely to follow as resistance levels compress is melt up and chop up. Options will likely not be your friend. Remember.. up in bear markets act like down in bull markets. Tough to trade. Might catch a big move like Thurs/Fri, but might also get chopped.

Laughing at things like stop losses....not laughing anymore

Absolute disbelief pic.twitter.com/QjoZrWlz8v

— Howie (@HowieBTC) November 11, 2022

Been keeping track, think you saw it on my twitter. $WWR

FEB 11 - 35M shares
MAR 15 - 41M shares
OCT 14 - 47M shares
NOV 12 - 48M shares

I listened to their earning's call and shared how I really felt on the discord. Nice to see a Morgan Stanley analyst on the call and asking questions. Also stated they have sent samples to 27 companies. Other than that, mehh.

TLDR: No updates on the Turkey litigation, funding not secured by year end, pushed back phase 1 completion to mid/late 2023, no updates on feasibility model. Highest point of positivity was working safely.

Been working nights for much of this year so haven't traded much; doing my best to keep up with WWR. They have the potential just need the execution and transparency.

FYI - Senor Chang posted this. They are hiring a Graphite Processing Manager if anyone is interested. Careers - Alabama Graphite Products

oldarmy1 said:

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I tried to stay steady in my approach for the anticipated rally. Hopefully, anyone interested saw my shift from tweeting about layering Puts short/med/long I was tweeting that I had completely reversed and had entered short/med/long range Calls. The setup was ideal.

I think we continue to surprise to the upside, potentially closing the only gap hanging out on SPX. Monday gap and trap would be the instinctive trade for starting a consolidation. One of the most profitable trading instruments over the last week has been the overnight ES options. Resistance and support have been tradeable without hardly any flash to test resolve, before retracing back to the opposite level.

I did make all the usual management moves on larger holdings. All but one of the entered shares with 50% covered call, 100% put had covered calls premium reduced to the point where I could buy them back. I'll lose $SQ on 50% as its rocked upward above the calls I still own. But I'd be selling them today anyways, so the profit is less only the put premiums.

I'd target Dec 16 calls for one more week for any new entries. Hope everyone made a killing!

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NEW PLAN!

Guys, this election insanity has skewed everything. Democrats retaining the Senate. Potential of keeping the House. Super narrow margin if Republicans do take control.

You can scratch my plan written above and be looking for opportunities to get short. With the 2 day momentum and general trend, its going to be even harder to see when the rug gets pulled, but I am 80% certain it will get pulled now, based on the Senate control and will be 100% certain if the Democrats manage to steal, I mean take (and I do mean TAKE) the House as well.

You already have elected Democrats doubling down on the climate agenda, taxes, and everything bad for our economy. If futured open green or flat tonight I'm buying 3980 Puts. If we manage to have an up day I'll be exiting all of my mid and long range calls. The $385 calls expiring next Friday were well into the money and I did sell 50% Friday, but had I known how the elections would go I would shorted at least 25% and maybe up to 100% against remaining calls.; especially with the long range $400 calls being virtually at the money.

This is a great example where the ability to pivot is critical. I was right until now things have changed and my strategies are all wrong IMO.

All index, I already placed puts on high flyers, and LEAPS I'll trim but hold.

This is where the "you can't time the market" comes in. I might know/believe/think that the above conditions changing is going to result in a new leg low, that I had all but dismissed. But big money an be quirky as heck, They could consolidate and press on up for as much as 2-3 months, but, like I said, I'm 80% sure we wake up one morning limit down now, and then visit new lows. If the House goes Democrat that way then 100% certain.

oldarmy1 said:

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oldarmy1 said:

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I tried to stay steady in my approach for the anticipated rally. Hopefully, anyone interested saw my shift from tweeting about layering Puts short/med/long I was tweeting that I had completely reversed and had entered short/med/long range Calls. The setup was ideal.

I think we continue to surprise to the upside, potentially closing the only gap hanging out on SPX. Monday gap and trap would be the instinctive trade for starting a consolidation. One of the most profitable trading instruments over the last week has been the overnight ES options. Resistance and support have been tradeable without hardly any flash to test resolve, before retracing back to the opposite level.

I did make all the usual management moves on larger holdings. All but one of the entered shares with 50% covered call, 100% put had covered calls premium reduced to the point where I could buy them back. I'll lose $SQ on 50% as its rocked upward above the calls I still own. But I'd be selling them today anyways, so the profit is less only the put premiums.

I'd target Dec 16 calls for one more week for any new entries. Hope everyone made a killing!

---

NEW PLAN!

Guys, this election insanity has skewed everything. Democrats retaining the Senate. Potential of keeping the House. Super narrow margin if Republicans do take control.

You can scratch my plan written above and be looking for opportunities to get short. With the 2 day momentum and general trend, its going to be even harder to see when the rug gets pulled, but I am 80% certain it will get pulled now, based on the Senate control and will be 100% certain if the Democrats manage to steal, I mean take (and I do mean TAKE) the House as well.

You already have elected Democrats doubling down on the climate agenda, taxes, and everything bad for our economy. If futured open green or flat tonight I'm buying 3980 Puts. If we manage to have an up day I'll be exiting all of my mid and long range calls. The $385 calls expiring next Friday were well into the money and I did sell 50% Friday, but had I known how the elections would go I would shorted at least 25% and maybe up to 100% against remaining calls.; especially with the long range $400 calls being virtually at the money.

This is a great example where the ability to pivot is critical. I was right until now things have changed and my strategies are all wrong IMO.

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Hey OA! As always thanks for posting your insight.

Agree on the election results. Will have an impact in market dynamics. I scaled in some hedges with the push/rejection into the 200EMA on Friday's high. Went 11/25 385C. While I think can most likely trade them, more of a hedge. If I had my wish…..we would get a low volume push Monday into that 406ish range (which would be about +3ATR) for the top and add more of the same larger or fully. Or…I am ok with a rug pull.

Interesting the EMA crosses here though. That gap will fill at some point IMO….can we get it next week?