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Off-Topic Stock Market & Crypto Discussion

CFLCane said:
Intel named a new ceo today which was expected since theyve been taken to the woodshed recently. AMD dipped because of the news, i bought a big bag on market open. This smells Like a classic short term overeaction by the market in regards to AMD. No CEO is unwinding intels problems in the short term.

Oh and I added a few more chipmakers the other day. ON, AGM, NXPT
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Up 3%+ heading into earnings tuesday. If AMD can break the psychological barrier of 100$ we'll see another large leg up imo. If not the 88-92 support will be tested again and has a good chance of breaking this time. Ill put my stop in monday.

I still like AMD long term but the chart is red hot and could run out of gas in the short term.
 
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That som ***** just went negative for the day........ I just sold out...all time low for a year..
 
wspcane said:
I just got off a call. It was down in pre-market again.


Same, and I am going to give it some time. This morning I had a bit of a thought of whether I should have just put this in ARKF, entered the same space, and let people much smarter than me mitigate some risk across a number of companies.
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I basically built my own index back in november. Small positions in around 80 or so handpicked companies or etfs spread across sectors that add up to be around 60% of my portfolio. I add and subtract names or sectors when i see fit but im not making daily changes. The other 40% i swing trade or sit on cash with. Helps me diversify and keep from getting impatient. My 3 month performance is 45% atm.
 
Looks like someone out there dumped a ton of $12.50 Leaps.....

1611330686254.webp
 
The prices reflect the seller's asking price (ask) and the price a buyer is willing pay (bid). So someone out there was willing to sell their $12.50 Leaps at a massive discount (approx 77% less than what it was worth yesterday) just to get the options off their books. That's the only way the bid price could have been pushed so far down. I'm no genius but that's what it tells me. So if I were to sell my Leaps at market price right now, I would get 0.50 for what I paid 2.25 for.
 
George84 said:
Why still holding the warrants if dumping the stock?
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TRIT... sorry, I've been slammed on a few fronts.

I’m not sure if anyone read the short report released last week. IMO it is mostly BS and the CEO and other execs did a good job responding and debunking it. Despite the excellent response from the company, announcing a big buy back, CEO making additional purchases, and analysts reiterating their target prices, the market refused to provide a level of support and volume over the past few days. That was unexpected.

With what I believe is a likely macro 10%+ correction looming, I don't want to stubbornly squat on the common. I will hold the warrants (which are good for 5 years!) for now (possibly adding substantially and long dated calls as well) in order to eliminate our worry about what happens in the very short-term, but to capitalize in a larger upside way with a smaller sized bet when the stock recovers in either 6, 12, or even 18 months. Because I am still very bullish.

I am unemotional, ruthless and without ego when it comes to trading. I do think it will probably move up, but lack of action concerns me and there are other places I'd rather put this capital, including short-term cash. I just took a substantial position in CELO (crypto) as an example.

It's not a "falling knife" btw, but that was cute. :)
 
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Up to 0.80 now. Should normalize over time as more transactions factor into the price. It should really be closer to 2.00--2.20 right now.

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George84 said:
The prices reflect the seller's asking price (ask) and the price a buyer is willing pay (bid). So someone out there was willing to sell their $12.50 Leaps at a massive discount (approx 77% less than what it was worth yesterday) just to get the options off their books. That's the only way the bid price could have been pushed so far down. I'm no genius but that's what it tells me. So if I were to sell my Leaps at market price right now, I would get 0.50 for what I paid 2.25 for.
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Uh... huh?

I am not on the chain right now but there is zero volume in that pic right?. Your screenshot just shows a thin option where the only buyer has an FU price and the only seller has an FU price. What am I missing? Disparate asks and bids on thin options are not indicative.. of anything really. You need a print.

I am mobile right now fyi...
 
Cryptical Envelopment said:
TRIT... sorry, I've been slammed on a few fronts.

I’m not sure if anyone read the short report released last week. IMO it is mostly BS and the CEO and other execs did a good job responding and debunking it. Despite the excellent response from the company, announcing a big buy back, CEO making additional purchases, and analysts reiterating their target prices, the market refused to provide a level of support and volume over the past few days. That was unexpected.

With what I believe is a likely macro 10%+ correction looming, I don't want to stubbornly squat on the common. I will hold the warrants (which are good for 5 years!) for now (possibly adding substantially and long dated calls as well) in order to eliminate our worry about what happens in the very short-term, but to capitalize in a larger upside way with a smaller sized bet when the stock recovers in either 6, 12, or even 18 months. Because I am still very bullish.

I am unemotional, ruthless and without ego when it comes to trading. I do think it will probably move up, but lack of action concerns me and there are other places I'd rather put this capital, including short-term cash. I just took a substantial position in CELO (crypto) as an example.

It's not a "falling knife" btw, but that was cute. :)
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I have binance.us and coinbase pro--I don't see CELO on either. What platform are you using?
 
Cryptical Envelopment said:
Uh... huh?

I am not on the chain right now but there is zero volume in that pic right?. Your screenshot just shows a thin option where the only buyer has an FU price and the only seller has an FU price. What am I missing? Asks and bids on thin options are not indicative.. of anything really.

I am mobile right now fyi...
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You're right. It's Ally Financial's live trade beta platform which doesn't always reflect accurate volume. Yahoo Financial showing higher volume. My limit sell order just partially filled at 2.25 FYI.

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LPTX team... (I see you @GladeCane)...

We've been on a tear, but we might just be getting ready for another big "leap" :) if we can get past this resistance level.

I recommended it at:

$1.90, $1.78, $1.53, $1.68 (was a BUY BUY BUY call), $1.79, $1.50 (was a NOW NOW NOW call). I am going to 3x weight my urgent recs and use an overall entry point of $1.65.

It's at $2.63 so we're up about 60% right now... if we can push through I see $3 coming....
 
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