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Old 06-14-2021, 11:28 AM   #2301
karamazonk
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Re: 2021 Trading Thread

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You did sell some though right?
Nah. I was buying mostly because I love this company for the longterm, not because I expected a WSB pump (but I did think it had a shot of one). I have some 25c for Jan 2023 I wish I had sold at the open, but it's fine. I bought them for ~11.5 last week or the week before, seemed dirt cheap to me. I had a GTC limit order for 21.2 on one of them that might have filled at open (I saw one went for 20.5) but got greedy when I saw the premarket and adjusted all limit orders higher.
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Old 06-15-2021, 11:23 AM   #2302
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Re: 2021 Trading Thread

Bought 100 draft kings at $47 and just sold a July 30 52.50 call for $2.82
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Old 06-15-2021, 03:00 PM   #2303
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Re: 2021 Trading Thread

still sitting on my XOM trade, haven't sold any, not planning to start exiting until august or XOM = 70
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Old 06-15-2021, 05:12 PM   #2304
karamazonk
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Re: 2021 Trading Thread

Next few days should be interesting between FOMC tomorrow and quad witching on Friday. I feel like there could potentially be a big sell-off given all of the following: inflation headlines everywhere, low volume in market for a long stretch now suggesting a big move is coming one way or the other, valuations continue to be stretched, lots of big names at key resistance, lack of positive catalysts / feels like reopening quite priced in now, retail frenzy and speculative froth still out there, put/call ratio lopsided towards calls, mid to late June historically bearish and/or choppy, etc..

All of that being said, given I don't have a very good track record of anticipating big drops, take this with a grain of salt. Could go the other way and stonks keep stonking hard..or things go sideways. I'm slanted for downside now but will adjust my bearish stance by end of the week if market doesn't look like it wants to sell off.
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Old 06-15-2021, 05:32 PM   #2305
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Re: 2021 Trading Thread

Get out


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Old 06-15-2021, 08:29 PM   #2306
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Re: 2021 Trading Thread

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still sitting on my XOM trade, haven't sold any, not planning to start exiting until august or XOM = 70
You're not a believer in the sell-side research price targets of 90? Some of them are a bit rosy, I think at that price it would be a half trillion dollar market cap again.

I'm waiting for 80 - 85 now. Diamond hands, diamond f'ing hands.
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Old 06-15-2021, 09:55 PM   #2307
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Re: 2021 Trading Thread

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Get out
Is this you calling a market crash? We haven't even begun seeing the mass die-offs from the vaccines yet.
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Old 06-15-2021, 10:39 PM   #2308
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Re: 2021 Trading Thread

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You're not a believer in the sell-side research price targets of 90? Some of them are a bit rosy, I think at that price it would be a half trillion dollar market cap again.

I'm waiting for 80 - 85 now. Diamond hands, diamond f'ing hands.
No, I think those targets are a bit crazy. I'm going to start scaling out around 70-72 depending on how the momentum/oil prices are going. If we get to that level I want to start taking some of this $ off the table.
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Old 06-16-2021, 05:24 PM   #2309
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Re: 2021 Trading Thread

FRO holding up well today. still in calls. Only other trade I have on is TZA.
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Old 06-16-2021, 05:43 PM   #2310
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Re: 2021 Trading Thread

looking at shippers again. SBLK broke out today.SBLK along with GOGL had fundamentals I liked. SBLK earnings guidance keeps getting bumped up. GRIN management has been buying back stock. I'd like a pullback on GRIN. SHIP is interesting here too. I am prob gonna buy SBLK on any break over 24.55 area
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Old 06-17-2021, 08:14 AM   #2311
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Re: 2021 Trading Thread

CVAC has been a meme stock despite showing inferior results since Phase 1.
Worth €25 bill at peak. Not even worth 1/10 of that.
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Old 06-17-2021, 10:31 AM   #2312
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Re: 2021 Trading Thread

got another halt/resumption trade on ZEN
https://ceo.ca/@accesswire/zen-graph...sive-worldwide

Now with some rapid covid test, really hitting us with all kinds of wild news. Graphene masks still awaiting health canada approval and the human trials for the graphene pharma play is starting in august targeting C. Diff

Anyway this news still needs: Test requires final Health Canada and FDA approval
So its not a slam dunk yet and idk how much revs would actually come from this.

I got 10k shares last October at 1.04 and another 10k + 5k warrants restricted until august from the last PP at 2.5
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Old 06-17-2021, 12:59 PM   #2313
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Re: 2021 Trading Thread

I guess the market is very skeptical without the final HC approval. Lessons learnt from SONA
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Old 06-17-2021, 02:42 PM   #2314
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Re: 2021 Trading Thread

Is there a price anyone is selling NVDA at?
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Old 06-17-2021, 02:48 PM   #2315
karamazonk
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Re: 2021 Trading Thread

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Is there a price anyone is selling NVDA at?
These "split" pumps are amazing. Enjoy being the next AAPL whenever this run ends and eventually dropping violently from the peak and/or doing nothing for an extended stretch, people buying NVDA at 750. What I don't know greatly exceeds what I know but I'll be pretty surprised if NVDA is even at a higher price (after split adjustment) a year from today.
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Old 06-17-2021, 04:23 PM   #2316
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Re: 2021 Trading Thread

Just when I build a nice position in gold the market rotates back to risk on growth
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Old 06-17-2021, 04:35 PM   #2317
karamazonk
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2021 Trading Thread

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Just when I build a nice position in gold the market rotates back to risk on growth

Ha, I also got in gold, around spot 1855. I was going to use a stop just below 1825 but obviously the market went from like 1830 at close yesterday to 1775 or something by open today (going off top of head). Rekt. My position goes out to August and September, guess I’m going to sit on it and give it some time now. I’m in mostly GLD 185 calls.
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Old 06-17-2021, 08:44 PM   #2318
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Re: 2021 Trading Thread

Scalped 33 of the spy 420 itm 1 dte for a dollar a contract. 1.49 on the dip to $420.30 and sold an hour later for 2.505.
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Old 06-18-2021, 06:56 AM   #2319
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Re: 2021 Trading Thread

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Originally Posted by bursito View Post
I guess the market is very skeptical without the final HC approval. Lessons learnt from SONA
What lessons?
You keep going after these penny promoter stocks.
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Old 06-18-2021, 11:35 AM   #2320
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Re: 2021 Trading Thread

somedays it does feel like I'm just repeatedly banging my head against the wall... TS was right I'm eating ***** on KNR

Still the entire allocation to penny stocks is under 5% in my overall portfolio. I have more $ in Accenture than all of the penny stocks I've talked about.

Again this is a trading thread though and last time I mentioned zen was halted it moved from around 1.90 to 3.77
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Old 06-18-2021, 12:27 PM   #2321
chytry
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Re: 2021 Trading Thread

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Still the entire allocation to penny stocks is under 5% in my overall portfolio.
As long as you are aware you are gambling, you should be fine.
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Old 06-18-2021, 12:35 PM   #2322
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Re: 2021 Trading Thread

Any thoughts on CAT as a +EV swing trade. The current 1year RSI is 22 which makes it seem to me like a slam dunk swing trade with a hold period of say 1-3 months.

Market conditions seem to be declining however and I feel construction will be hit hard if the market frazzles over the impending rate increases coming down the road. Thoughts?
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Old 06-19-2021, 11:42 PM   #2323
karamazonk
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Re: 2021 Trading Thread

Is it time to get back into WFC? I'm thinking getting in between 38-40 could well be a nice play, unless we're in the start of some kind of dotcom bubble market collapse.
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Old 06-20-2021, 05:35 AM   #2324
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Re: 2021 Trading Thread

Quote:
Originally Posted by bursito View Post
got another halt/resumption trade on ZEN
https://ceo.ca/@accesswire/zen-graph...sive-worldwide

Now with some rapid covid test, really hitting us with all kinds of wild news. Graphene masks still awaiting health canada approval and the human trials for the graphene pharma play is starting in august targeting C. Diff

Anyway this news still needs: Test requires final Health Canada and FDA approval
So its not a slam dunk yet and idk how much revs would actually come from this.

I got 10k shares last October at 1.04 and another 10k + 5k warrants restricted until august from the last PP at 2.5
The **** bro? Getting frauded out by one OTC Canadian company making a "instant covid air sniffer" wasn't enough for you? You need to go find a second Canadian covid fraud OTC company - this time with graphene (I'm loling) and put your money in? This one is an even less clever fraud than the last one.

Ride the pump wave if you want - that may well be +EV - but recognize that you're longing a pump fraud and get out as soon as it turns.
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Old 06-21-2021, 01:05 AM   #2325
Shuffle
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Re: 2021 Trading Thread

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Is this you calling a market crash? We haven't even begun seeing the mass die-offs from the vaccines yet.
Sunday night futures forecast for the week ahead: MORE PAIN
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