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Off-Topic Stock Market & Crypto Discussion

mr.h said:
My god..everything I own is up double digits..could we be nearing the bottom?
On the other hand we have another big rate hike commin..
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We do have another rate hike coming. Yes. Also, if you think the market is too high, wait one day.
 
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Mikeiavelli said:
Another day of positive news for Mullen...

eletric-vehicles.com

Mullen says that filed over 130 patents in 24 countries for the Mullen FIVE model | EV - EVerything around EVs

Written by Cláudio Afonso | info@claudio-afonso.com | LinkedIn | Twitter Mullen Automotive announced on Wednesday that it has filed over 130 patents in 24 countries related to the interior/ exterior design and styling of its FIVE model. They include areas such as vehicle bodywork...
eletric-vehicles.com eletric-vehicles.com
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Didn't like this part:

According to a SEC form filed on Friday evening, Mullen Automotive CEO David Michery sold a total of 150,000 shares at an average price of $1.01017 on Wednesday, June 15. Since mid-March, Michery sold a total of 1.4 million shares. Following this sale, Mullen‘s CEO holds a total of 7.761.066 shares on the company.
 
Cryptical Envelopment said:
Didn't like this part:

According to a SEC form filed on Friday evening, Mullen Automotive CEO David Michery sold a total of 150,000 shares at an average price of $1.01017 on Wednesday, June 15. Since mid-March, Michery sold a total of 1.4 million shares. Following this sale, Mullen‘s CEO holds a total of 7.761.066 shares on the company.
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He's been selling little by little on a schedule. He still owns plenty of shares. Looking at past filings it seems like he may not take much of a salary. He's gotten quite a bunch of gifted one penny shares from the company over time.
 
Mikeiavelli said:
He's been selling little by little on a schedule. He still owns plenty of shares. Looking at past filings it seems like he may not take much of a salary. He's gotten quite a bunch of gifted one penny shares from the company over time.
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Dude sure knows how to sell the bottom :)
 
Yesterday around 3:20 MULN was featured on Fox Business Network by an investor for a one minute quick discussion about their battery tech. Guy said he believes MULN has the longest range battery in the EV sector and is bullish on the company right now.
 
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Since many of you might be tired of me being so bearish for so long, there are a few reasons to be a bit more optimistic, as the prices of oil, metals and lumber have all come down. Having written that, I am still not adding any risk.
 
SpikeUM said:
Since many of you might be tired of me being so bearish for so long, there are a few reasons to be a bit more optimistic, as the prices of oil, metals and lumber have all come down. Having written that, I am still not adding any risk.
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We only expect you to be honest. Bull or bear. :)
 
SpikeUM said:
Since many of you might be tired of me being so bearish for so long, there are a few reasons to be a bit more optimistic, as the prices of oil, metals and lumber have all come down. Having written that, I am still not adding any risk.
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Copper 16 month low. Nickel and aluminum getting smacked hard.
 
CFLCane said:
Copper 16 month low. Nickel and aluminum getting smacked hard.
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Exactly. Historically, when metals, lumber and oil correct 10% or more, that is a sign of recession and the Fed needing to ease, which is a plus for the market. Right now, they are raising and doing QT at the same time.
 
We are definitely in a bear mkt rally. We will soon see the Michigan Consumer Sentiment survey for June, at the top of the hour.
 
mr.h said:
We are definitely in a bear mkt rally. We will soon see the Michigan Consumer Sentiment survey for June, at the top of the hour.
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I want to see mfg index and durable goods. Already seeing a big decline in appetite in my line of work.
 
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investor.galaxydigital.io

Galaxy Digital Enters into Automatic Share Purchase Plan

Galaxy Digital Holdings Ltd . (TSX: GLXY) ("Galaxy Digital" or "the Company"), a financial services and investment management innovator in the digital asset, cryptocurrency, and blockchain technology sectors, announced today that it has entered into an automatic share purchase plan ("ASPP") with...
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SpikeUM said:
Exactly. Historically, when metals, lumber and oil correct 10% or more, that is a sign of recession and the Fed needing to ease, which is a plus for the market. Right now, they are raising and doing QT at the same time.
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The Fed is still in QE mode. The Fed's balance sheet has grown over the last 30 days. The financial markets are addicted to QE.
 
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