I'm having Bacon and waffles for Breakfast tomorrow. If I'm rich or poor , they'll taste the same...keep that in mind folks...
The Mustang Forum for Track & Racing Enthusiasts
Taking your Mustang to an open track/HPDE event for the first time? Do you race competitively? This forum is for you! Log in to remove most ads.
- Welcome to the Ford Mustang forum built for owners of the Mustang GT350, BOSS 302, GT500, and all other S550, S197, SN95, Fox Body and older Mustangs set up for open track days, road racing, and/or autocross. Join our forum, interact with others, share your build, and help us strengthen this community!
DOW 23,000+ today?
- Thread starterGrant 302
- Start date
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Buy low and sell high!
- Thread starter
- #243
Grant 302
basic and well known psychic
Worked for me on November 2, 2007!
- 1,482
- 408
Was that the day I bought F for 1.49?
- Thread starter
- #245
Grant 302
basic and well known psychic
Nope. But that was a good F experience for me too. Pretty sure that was later, in '09.
- Thread starter
- #246
Grant 302
basic and well known psychic
Lots of reasons this looks top heavy to me. But the one thing that stands out is the 13%+ rise from the December lows. 4 solid weeks and just a ~30 point bump for this one.
Talking my book of course, I just biased the spread/straddle/strangle positions heavily to the downside.
Talking my book of course, I just biased the spread/straddle/strangle positions heavily to the downside.
- Thread starter
- #247
Grant 302
basic and well known psychic
Almost like I know what I'm talking about...
Analysis over the weekend reinforced my thinking for today regarding the short term test showing in the daily and weekly view.
The REAL caution now, IMO, is that a 'failure' of that test or breach to new lows over last year would be a very bad sign. Again, JMO...but I'm not liking the 'structure' zooming all the way back out to a monthly view and very long term indicators.
Days like this are exactly why I hedge.
GLTA.
Analysis over the weekend reinforced my thinking for today regarding the short term test showing in the daily and weekly view.
The REAL caution now, IMO, is that a 'failure' of that test or breach to new lows over last year would be a very bad sign. Again, JMO...but I'm not liking the 'structure' zooming all the way back out to a monthly view and very long term indicators.
Days like this are exactly why I hedge.
GLTA.
Grant, Trump just called to say he wants you on his board of financial advisors....Be Careful...I feel you're too honest for that position!.....you gotta laugh at this stage of the game...no further comment required or deserved................
- Thread starter
- #249
Grant 302
basic and well known psychic
Yeah, probably too honest for that. I admit I did consider applying for Season 2 of The Apprentice. The 'actual' work that Bill, the first winner was hired for, is the kind of work I did. Pretty sure I'd have heard the words, "I'm sorry Grant, but...You're Fired!" before season end. 
- Thread starter
- #250
Grant 302
basic and well known psychic
Cue the dump...
you got it...incoming....https://www.videoblocks.com/video/garbage-truck-emptying-at-the-waste-dump-rqrph5dsgj0d0lilc
- Thread starter
- #252
Grant 302
basic and well known psychic
lol. Buyers still trickling in... Might have to test Friday's lows first.
- Thread starter
- #253
Grant 302
basic and well known psychic
There we go...I was 30 minutes early and I thought it was close enough to the Friday lows before.
- Thread starter
- #254
Grant 302
basic and well known psychic
With ~6 days of consolidation, this is going to move. I think through Thurs/Fri timeframe at least. I don't think support will hold here at 24,5. Big money is going to be under pressure to show gains for the month and they're not going to want to give back all of that 13%.
First target below that is 20 day MA at about 24,000 even. 22,500 on my radar for a possible bounce/test area. Or again to the Dec lows.
First target below that is 20 day MA at about 24,000 even. 22,500 on my radar for a possible bounce/test area. Or again to the Dec lows.
- Thread starter
- #255
Grant 302
basic and well known psychic
Get that truck ready again, Bob! Buyers going to lunch soon on the east coast...
Gonna have to put some gas in that truck...It's getting close to empty....like my wallet...
TymeSlayer
Tramps like us, Baby we were born to run...
Pre Fed Meeting rally has fizzled.
- 1,482
- 408
Sounds like it's a Make or Break quarter for TSLA. If the stock doesn't go up like 20% in the next few weeks, Tesla has to cough up $920M on a bond issue. They report after the close today. FB also announces earnings, and I'm actually a shareholder.
https://www.bloomberg.com/news/arti...lly-in-weeks-to-dodge-920-million-bond-payout
https://www.bloomberg.com/news/arti...lly-in-weeks-to-dodge-920-million-bond-payout
- Thread starter
- #259
Grant 302
basic and well known psychic
Yeah, I'd covered call/collar or buy puts if I owned TSLA.
Looks like all my hedges are for naught right now. I'm covered through the Feb expiry at the moment so I'm just going to have to enjoy the peace-of-mind it affords me for the next 2 1/2 weeks. Glad I did the work to make them 'free' last week and Monday. Otherwise they'd be a little dent in the gains.
For FB, I see more likelihood to test the 130-135 range. Sure, and earnings pop could very easily get to the 150-155 range...but I know which way I would bet after that if it does. Back in late Oct I was talking to a Put Seller who was considering a sale for the 140 strike on a monthly duration (predicting a bounce). I said he'd be better off buying the 135 or 140 puts a month or two out after any pop the following week. FB moves enough that we were both right.
Looks like all my hedges are for naught right now. I'm covered through the Feb expiry at the moment so I'm just going to have to enjoy the peace-of-mind it affords me for the next 2 1/2 weeks. Glad I did the work to make them 'free' last week and Monday. Otherwise they'd be a little dent in the gains.
For FB, I see more likelihood to test the 130-135 range. Sure, and earnings pop could very easily get to the 150-155 range...but I know which way I would bet after that if it does. Back in late Oct I was talking to a Put Seller who was considering a sale for the 140 strike on a monthly duration (predicting a bounce). I said he'd be better off buying the 135 or 140 puts a month or two out after any pop the following week. FB moves enough that we were both right.
- 1,482
- 408
Sounds like Tesla had a mediocre quarter, but Facebook killed it.
TMO Supporting Vendors
