Crazy dark pool block buy over 5mil shares in BIGC pre market.

boyz05 said:

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Crazy dark pool block buy over 5mil shares in BIGC pre market.

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Oops. My finger slipped. Was supposed to be 50,000,000 shares.

https://www.cnbc.com/2023/02/16/producer-price-index-january-2023-.html

Quote:

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The producer price index rose 0.7% in January, higher than the 0.4% estimate.
Excluding food and energy, core PPI increased 0.5%, compared with expectations for a 0.3% increase.
In other economic data, jobless claims edged lower to 194,000, below the estimate for 200,000. Also, the Philadelphia Fed's manufacturing index plunged to -24.3, well below the -7.8 estimate.

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Don't fight the fed.

oldarmy1 said:

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For business launch, this is something I'll be doing on key data days:

Driving Update $SPX $SPY pic.twitter.com/R3x5v7dnaK

— Disciplined Trading (@oldarmy1) February 16, 2023

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What I've learned through public speaking is you get better every time you do it. You were already good on this one and you will only get better and more compelling. Great job.

Sold remaining shares of FSLY. Stock up 100% since the beginning of the year. I'll let it cool off and then go back in with even more size.

Has anyone ever seen Neil Sperry and OA in the same room before?

Boy Named Sue said:

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XOM LFG baby

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Agree.

CVX Side Note: Just an expression of a viewpoint here or rambling. The XOM:CVX spread was $62 to $77 basically the last 6 months of 2022 on an intra-day basis. There was a narrowing of XOM:CVX spread starting in 2023, but it really accentuated itself after Q4 earnings and has not recovered. I do think CVX was harshly punished for Q4 ER and maybe to some extent the mandatory retirement of CEO Wirth (the BoD is trying to extend his tenure) is causing "uncertainty". I don't think CVX falls in the category of "earnings drift". I sold half my CVX position on 2/10 and sold Calls against the remaining half on 2/14. With all this said, I continue to be bullish XOM, regardless of CVX. I "think" we could see the XOM:CVX spread narrow to $47, maybe $45. This morning the intra-day showed a $51. At some point, CVX is going to be an overweight in a portfolio....it's not keeping up with the rest of the energy sector, IMO. The CVX share buyback program will help, but I have not kept up with the goings-on (my homework assignment). Anyway, FWIW.

Helluva BB game last night! My prayers have been answered. We finally got a coach who understands the significance of the points at the free throw line - it's east coast style, IMO. Waited decades for this to happen. Announcers said 25% of our point production comes off the line....also means the other team is in foul trouble. Heck yeah! I love me some Buzz. No homo.

You oil and gas guys need to tell me what is wrong with buying BOIL and just holding it for a few years if needed. At some point it will go up again...right?

trip98 said:

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ASO just incredible!!

havent posted in a LONG time. I learned a lot on this thread and as still a newbie I'm coming here to thank folks for sharing knowledge. Here's how you've helped me:
Lets just start by saying what is going on with the tear that ASO is on!!!!
From here I learned the idea of going net free and utilizing covered calls. So a couple years ago I bought into ASO at 21.75. since then sold CC's to lower my cost to $19. That's a win!!
I've been following the timing of calls to be before earnings as they've been crushing it each quarter.
Bought some calls back when dips and pocket profits....sell when it spikes....another win!!
Did that again a month or so ago for Feb 17 calls at $60 strike for $85
Unfortunately did NOT repeat lesson I learned and didn't buy back when it dropped to $40 a few weeks ago. And now it's on an absolutely rocket to the moon!!
It's at $62 now and there's still time for it to settle below $60 but for now I'm looking at getting called out. While that stings I can't call it a loss b/c getting $60 on $21.75 in just 2 years is a great return!!
And it offsets a bunch of losses I have so I'll leverage those to lower taxes...thanks XL and WWR!! But I have the rest of the year to see what WWR can do

Anyways...thanks to all for sharing....just to name a few....OA...$30k....irish....guy from TN (can't remember handle) that used to post in the mornings

we'll see how it goes between now and the 17th...if called out I'll pour some of that gain into a few net free shares!! and learning the pattern they've been on maybe try buy/sell some calls but will tread light as past results don't indicate future performance!!

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I know it won't mean squat to you all but quick update. As I'm not trading like most of you I get to folks on my few, meager holdings with ASO being the crown jewel so far.
Well, I learned from my lessons previously and I bought the call back. I did so right before it hit $60 today and so all I made on it was $16. But PROFIT IS PROFIT....right?!?!! Also, more importantly, I still have control of my only 100 shares. As of this posting it was at $61 and change.

Time will tell, but the lesson is I have control and I can always sell the shares if I want to or sell another call and I put just a touch of money in my pocket at the same time!!

switzerland said:

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You oil and gas guys need to tell me what is wrong with buying BOIL and just holding it for a few years if needed. At some point it will go up again...right?

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I believe the poster "Brian Earl Spilner" is who you are looking for. He should be along soon...

Good stuff, Farmer. I haven't watched the CVX/XOM spread, but will add it to my info bank. I do watch PSX and VLO pretty close, as I thought they might correlate. But I don't notice anything profound, so far.

And I was at the game last night with my Razorback alum daughter. She was not happy but she did saw em off with me. Aggie football season tickets for 17 of her 21 years has had a positive effect I guess!

irish pete ag06 said:

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switzerland said:

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You oil and gas guys need to tell me what is wrong with buying BOIL and just holding it for a few years if needed. At some point it will go up again...right?

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If it doesn't you'll get handed a reverse split which will make your "cost basis" sky rocket and take a long time or potentially never recover from.

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I see this a lot, but splits/reverse splits don't actually affect your cost basis/risk. The share price gets adjusted at the same rate as your cost basis. There's the obvious risks of all leveraged ETS like decay, but I'm not seeing why a reverse split would affect that.

What am I missing?