CISCO Stock Could Be Like Buying Amazon in 1997 !
If "Oil short seller scramble buy to cover today" is really true then down we'll be going.
I invest for a living and a "short covering rally" always means we're going down.
When sellers are abundant it always means a massive downtrend to follow.
Below $2 this time.
Any "losers" in here?
Please explain to us why you were so wrong about Twitter (that Saudi prince included).
In receivership, a troubled business is placed in the hands of an appointed supervisor--the receiver--who's responsible for handling financial matters. Receivership is a common feature of Chapter 11 business bankruptcies, which allow companies to request a court's protection from creditors and to restructure or eliminate their debts. Other forms of bankruptcy, including Chapter 7 and Chapter 13 personal bankruptcy, involve the work of a court-appointed trustee. A receiver is more directly involved in the management of assets than a bankruptcy trustee. Receivership may also occur when a public agency, such as a financial oversight department, decides through a court-ordered mandate that a company or bank requires hands-on supervision.
Hope you were able to make money on my posted directional insights (from a professional options trader).
I know you're mad because you lost on your long call options positions today.
TOLD YOU SO SUKKA!
"Hindsight" is always going to be 20/20.
No I didn't "bet the farm" so no worries.
I trade options for a nice living and am fortunate enough to know the trading patterns.
For example, I knew that we'd sell-off into the close so I sold a ton of calls that went to nothing before the end of the session. I even warn buyers ahead of time but they still buy them.
Amazon should have closed at $690 this week but my guess is that since the Fed is going to start tightening this year there were big brokerage houses pumping and dumping at ton of shares. When that smart money chic on the talking heads show buys you know it's a certain "top". There were a ton of foolish smaller investment institutions buying Amazon this week (they have too much cash money now), who don't understand that the big brokers are selling them down the river. But this is how things go. Make a ton of money, and you have a fantastic weekend.
Next week I'm going to make another killing as I bought a ton of puts at the $700, $690, & $680 strikes for the 27th.
They'll be up an average of around 700% at some point next week, for sure, and I'll sell them then.
This duck is FULLY cooked and every pro knows it.
Here's how and why this always happens...
People going home early so fewer bids.
Greedy MM's start to sell all positions into the "fade".
Algorithmic trading programs start to cascade "sell" positions.
Automatic trades of expiring call options positions that are "in the money" always cause a nice slide lower.
It's all a ton of fun.
You'll arrive at $690.
This is how I always know the close before it happens people.
I am a professional options trader.
Learn something okay?
Happy weekend to all.
Enjoy my knowledge because it's unusual for me to post it.
I'll delete it within weeks (or sooner).
Learn something while you can people.
Economics 091 is in session.
larry, i already posted fridays close in here for this week..
i also posted tuesdays close before the close, and tomorrows opening price at 3:30pm tuesday, right in here.
billionaires? really? you wouldn't know what to do with all of that money. but i could certainly teach a person how to make 100,000% gains every year for the rest of their lives if i wanted to. it's actually very easy but i'm not that interested in money or i would trade more than an hour per week.
and i do trade for a living...since the 1990's.
do you have a job, and trade some, larry?
i hope you make tons of money if this is what you are after.
sold them for a nice gain sukka.
you should have listened and you too would have saved yourself a ton of money.
and made a ton of money too.
stk, you said "Has to turn up eventually".
that is not true at all.
a stock can trend lower & lower.
you have never seen the beginning of a bear market sir.