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The Lunatic Fringe - Trading talk.

Zed

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TNX - This is a monthly bull pennant that is targeting the down trend. I think it gets there, @ the least. Probably starting end of this year, possibly after a further sell off (bond rally).

1623125146884.png
 

Zed

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Joe King

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Lancers32

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Only pre but SLV down SILJ flat most miners barely off at all.
 

Lancers32

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So they get Bitcoin down to 31K pops to 32K. Still not making new lows. Sentiment very bearish. 10% long GBTC $26.50. Smells lower most likely but you never know. Eyes on 26-28 and 20-22. We shall see.
 

Lancers32

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Not betting the farm on Bitcoin or the block chain stocks but MARA and RIOT bottomed quite a bit ago.
E3YHhr_WEAgoEoM.jpg
 

dpong

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CHS.

[At 7.32 I'd have a double. If sold at that price I would have my biggest gain to date in nominal terms ($$).]

[Can't help it, these kind of moves excite me.] [Even more if I happen to be holding.]

BrRASmbI.png
 

Lancers32

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Jesus H Christ what a focking moron this is.

 

dpong

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^^^
If you talk slow enough you can run out the clock. ;)

 

Lancers32

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Getting interesting. With the move from a 15% premium to a like discount it doesn't really chart all that clean but....
a9Y2HvUu.png
 

EchelonPL

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Thanks Dpong. I bought some of CHS and the earnings report was a nice pop. Still held onto a couple shares of OLIN and CCS. Not much $$ gain for me since it's small amount but it makes the $5 gasoline here in CA a little more tolerable. Regards.
 

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Does GEO show up on the WTT scan at all? I bought some shares last week as a gamble. It's a short squeeze meme stock. Scion capital was a buyer of it. Not sure if you guys are Michael Burry fans but per some of the SEC filings his fund was buying shares. I see no value in Prison companies but the real estate aspect of it is interesting nonetheless. Cheers!
 

dpong

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Weekend Trend Trader makes money by selling the losers and letting the winners run higher. That's all.
 

dpong

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There was some activity on GEO back in 2017. But for right now, the chart looks to be the opposite of what WTT would buy. WTT only buys stocks that are already trending higher.

[Buy high. Sell higher.]

fsHqoIi2.png
 

EchelonPL

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MACD rolled over.
Crossed the 50 day Moving avg.

Disclaimer I have no idea what I am doing and I mostly have my investment play money in IAG, NGD, EXK and FSM.

1623181772293.png


1623181987799.png
 

Zed

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Zed

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Lancers32

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CDE off the reservation today.
 

dpong

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Zed

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Zed

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Hmm, I was considering selling my TBT (Short treasuries) to buy some Spac's I like. Definitely a big problem for the low quality corporations. Not sure how to play this, however.

Out of my sandpit!
 

JayDubya

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Rick Rule - "If the gold bug is crazy, the silver bug is manic depressive".

Soon Silver Prices Will Not Stop RISING!!! - Rick Rule | Latest Silver Price Prediction 2021​


Okay, I just liked Rick's quote....
 

Zed

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Silver - Daily - Bollyband width would suggest that now is the time to stick some option positions on. Calls if you are bullish or a put/call volatility play if you want to win all ways. DYODD and give yourself time to be right!

1623197622979.png
 

dpong

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Silver - Daily - Bollyband width would suggest that now is the time to stick some option positions on. Calls if you are bullish or a put/call volatility play if you want to win all ways. DYODD and give yourself time to be right!

View attachment 213357
I like the BB width analysis very much. Periods of volatility are proceeded by periods of non-volatility. [I'm being serious.] It is both profound and tautological. Both.

[I'm a proponent of that.]
 

dpong

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I like the BB width analysis very much. Periods of volatility are proceeded by periods of non-volatility. [I'm being serious.] It is both profound and tautological. Both.

[I'm a proponent of that.]
Just so you know I'm serious, here's another thing that is both tautological and profound:

Geometry.

[Dig it.]
 

Zed

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I like the BB width analysis very much. Periods of volatility are proceeded by periods of non-volatility. [I'm being serious.] It is both profound and tautological. Both.

[I'm a proponent of that.]

If you did nothing but strangle skinny BB's you'd make a consistent $.
 

savvydon

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DYODD and give yourself time to be right!

This.

I have been dancing on the head of a pin with some June 30 SLV calls that can't decide whether they want to be in or out of the money. If you would have asked me when I bought them I would have told you I have plenty of time for the move I am anticipating. Not so much anymore!
 

Zed

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Zed

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This.

I have been dancing on the head of a pin with some June 30 SLV calls that can't decide whether they want to be in or out of the money. If you would have asked me when I bought them I would have told you I have plenty of time for the move I am anticipating. Not so much anymore!

Yeah... project the worst you think will happen then double that.
 

dpong

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Yeah... project the worst you think will happen then double that.
Good advice for buying options, especially calls.
 

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I hate the be the wet blanket, but I'm really hoping we get a few more months sideways action in the metals before breaking higher. I'll be selling my business in a few months, and would love to be able to put the proceed into the metals before blast-off. It would be a life-changing opportunity.
 

Zed

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BTC, the buying out of 30K is becoming less convincing. Momentum is with the bears. Looking for 30K to break then looking for low 20's in a hurry.
 

Zed

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Zed

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