i've been in apps for months riding the ups and downs, adding to the position on dips. avg price $60, but after taking the premiums from short puts over the months, probably closer to $55. frankly its underperformed, and been really depressed seeing stuff (like rklb and net) i sold to buy the dips take off instead. hoping the next 6 months is better. I recently bought back into ATNF after selling most of it at $10+ to buy an APPS dip. AVG price $5.50, and have some covered $7.50 calls expiring today. Short interest is incredibly high, i'm collecting 20% after broker takes half, (shorts are actually paying 40%!). ATNF recently got a $11 PT, management is ridiculously qualified for a small company, they are great at winning grants to cover the cost of trials, huge insider ownership (i think the net worth of the lead researchers is larger than the company, they could lead funding rounds themselves if they wanted to). As a biotech, the risks are of course very high, but mitigated a bit by having multiple candidates/applications going on at the same time. I think the chance of success of each program is a lot lower/less certain than CTXR, but they've got multiple shots on goal to get a successful candidate. CTXR i have a very small position more to bookmark. Hoping to get closer to $1.60 before buying seriously.
i knew my company had some RPA initiatives, did more digging and found job ads posted by my company for RPA engineers with UIpath experience. Scary. Bought some shares as a retrenchment hedge lol. If this thing really takes off and obsoletes me, at least i'll have some shares to liquidate.... Slow down in growth last 2 qtrs isn't good, but there wouldn't be opportunity to buy at this price if there wasn't a slow down either. Trying to take a longer term view on this like i should have done with NET. Add more later if it goes down another 10%.
to the extent that the CUP is only a month long, I'd not consider a CWH pattern just my amateurish take, to be a reliable predictor, the CUP must be at least 2-3 months in duration. in looking at the APPS, i'd like to see the 20ma protruding up thru the 50ma, which takes a lot of work. should it happen---indicating strength of the momentum pushing the price level up--- the next target would be the upper trading channel in the low 70s. should this hurdle be cleared, the next target would be the low 80s, which is the top of the cup from June. at that level, should a handle be form on declining volume, you have the makings of a true CWH formation. Ready for take off !
Thanks! Any views on path chart? Is high volume today at current price a sign that price is stabilizing? Could be interpreted as lots of sellers but also lots of buyers at this price? If u still have contacts at your old company may be worth asking around. Heard my finance dept are ahead using it to automate tasks. In terms of business this thing could have a very long runway.
thanks for alert. i nibbled a bit. what's your plan? is this hodl or a swing trade for you? Was looking at PINS as well, but haven't bought yet. Looking at the fwd p/e and the amt of runway left for intl expansion, its looking kind of cheap.
Anyone following this hot mess? https://www.cnbc.com/2021/09/17/chi...t-crisis-bond-default-and-investor-risks.html China’s embattled developer Evergrande is on the brink of default.
I like PINS as well and think it could be worth a nibble. Would like to get a long term position there at some point. For ZM it's likely just a swing trade, but I wouldn't mind holding some for the long term. Planning on selling a portion at ~340 once it closes the gap, but could hold longer. If I had to guess I think I'm going to get stopped out. I'm curious to how the market is going to react to finally breaking the channel. A 10% correction will be healthy.
in sympathy to the overall market, msft down for the 2nd consecutive day my take is that MSFT will be range bound for a bit---heading towards its late Oct ERS---then bounce off the 50 dma; thus, sold a Nov 305/295 bullish PUT spread
Same. Suburb new homes going for $200 a sq ft. The hell kind of pricing is that for houston? https://www.harconnect.com/wp-content/uploads/2021/09/SF_Sales_OCT21.jpg
Avg price in California is 700k. Maybe people aren't rioting because of the year round sunny weather.
I'm willing to bet that China bails out Evergrande in exchange for nationalizing it. Frankly, China seems ready to nationalize everything as Xi seems to be a big believer in returning to a more command economy. No idea how the markets would react to something like that but Xi seems to want to turn back the clock.
It's not like the Evergrande stuff is "new news", so I think a lot of this selling is just using Evergrande as a reason to sell. A sell-off that was needed, btw. Evergrande isn't like Bear Stearns/Lehman Bros. People have been warning about Evergrande (and other Chinese real estate) for years. Articles starting popping up about them being in deep doodoo in the last week or two and media has been calling for a sell-off in the market for the past week or two (usually a good sign to take some profits and wait... lol). It'll be curious to see what the Chinese government does about Evergrande, though.
as a matter of fact, a Citron's short-side anlayst (Andrew Left) had made the call on Evergrande in 2012, that it was insolvent; for that, he was ban from trading stocks in HK for 5 year in 2012. Evergrande had liabilities of ~$12 billion; today, its liabilities exceed ~ $300 billion https://markets.businessinsider.com...ooming-debt-insolvency-citron-research-2021-9 https://www.scmp.com/business/money.../hong-kong-finds-citron-researchs-andrew-left Concur
