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Misc Stock Market

GaWx said:
I think that one of the reasons the Dow has been struggling recently is that it is pricing in the increased chance that the Dems win the Presidency as well as the Senate based on recent polling.
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Naaa, besides when Democrats are in charge the market has historically been better.
 
There are some things that we might see done eventually (as I can't see it in 2021) that might be harmful to the stock market at first (corporate tax for example) if you were to see Democrats assume the White House and Senate, but looking at the pattern of the market in the past, and comparing to what I've experienced first hand, I think I'd much rather see steady moves than the wildness we've seen, and the moves were steady in the recent past (looking at like 2010-2016).

Although I will say last year wasn't bad though.

I would apparently potentially have an issue if Elizabeth Warren were to actually be the proposed treasury secretary though which I saw rumored (my dad might not like it as well as he strongly dislikes her). I intend on eventually being able to work, but I like the idea of investing money and being able to gain off that too, and apparently if she were the treasurer she'd be an issue.
 
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KyloG said:
VXRT...in at $9.5 for 300 shares. Geez I hope this goes to $15 today.

finance.yahoo.com

Vaxart’s COVID-19 Vaccine Selected for the U.S. Government’s Operation Warp Speed

The study is designed to demonstrate the efficacy of Vaxart’s oral COVID-19 vaccine candidate. Vaxart is a clinical-stage biotechnology company focused on developing oral tablet vaccines designed to generate mucosal and systemic immune responses that protect against a wide range of infectious...
finance.yahoo.com finance.yahoo.com
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I'm in this one as well but at a higher price of $11.65 or so. It is holding steady right now, hopefully we get a surge up this afternoon. I know Monday it should be listed on the Russell 3000 index so that might bring in a new wave of buying.
 
IDEX...wow, amazing how many people got owned on this.

finance.yahoo.com

SHAREHOLDER ALERT: Block & Leviton LLP Investigating Ideanomics, Inc. for Possible Securities Laws Violations; Investors Who Lost Money Should Contact the Firm

On June 25, 2020, analyst Hindenburg Research issued a series of tweets announcing Hindenburg’s conclusion that Ideanomics, Inc. (IDEX) “is an egregious & obvious fraud.” Hindenburg asserted that it found evidence that Ideanomics “doctored photos in its PR to suggest it owns/operates” a...
finance.yahoo.com finance.yahoo.com
 
It’s a mess in the market. I sold off all but 2 holdings. Just holding FMCI and VXRT. Even sold OPES at $15.79...was in at $13.50’ish. It can’t get any momentum and looks like it will drop below $15. Figure the vote is next week so will know what if it’s a go.

Have a stop limit sell in for VXRT at $7.90. Hard to believe it’s dropped this much today. It’s a big loss.
 
KyloG said:
It’s a mess in the market. I sold off all but 2 holdings. Just holding FMCI and VXRT. Even sold OPES at $15.79...was in at $13.50’ish. It can’t get any momentum and looks like it will drop below $15. Figure the vote is next week so will know what if it’s a go.

Have a stop limit sell in for VXRT at $7.90. Hard to believe it’s dropped this much today. It’s a big loss.
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You think VXRT will go back up Monday? I’m still holding it but it is down a good bit from where I bought it.
 
snowlover91 said:
You think VXRT will go back up Monday? I’m still holding it but it is down a good bit from where I bought it.
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I do, if it can hold $.7.90. The shorts absolutely destroyed it today...I would think it bumps up after hours and Monday. But, if it breaches $7.90 there is nothing stopping it from going to $5.

They are the only covid vaccine selected for Trumps warp speed program that is in oral form. If they can deliver I can't imagine what this stock would go to....if this had not been such a down day on the market overall, and on a Friday, end of the quarter approaching, holiday week this would have been in the teens IMO.
 
Was holding NKLA warrants at $28.8 and was trying to see this through but once I saw the triple top in pre-market I unloaded them at $37.8.

Screen Shot 2020-06-26 at 3.54.42 PM.png
 
KyloG said:
I do, if it can hold $.7.90. The shorts absolutely destroyed it today...I would think it bumps up after hours and Monday. But, if it breaches $7.90 there is nothing stopping it from going to $5.

They are the only covid vaccine selected for Trumps warp speed program that is in oral form. If they can deliver I can't imagine what this stock would go to....if this had not been such a down day on the market overall, and on a Friday, end of the quarter approaching, holiday week this would have been in the teens IMO.
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Well it hit $7.89 and then bounced off that. Did it trigger your stop loss? I’m going to hold into next week... good or bad.
 
snowlover91 said:
You think VXRT will go back up Monday? I’m still holding it but it is down a good bit from where I bought it.
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snowlover91 said:
Well it hit $7.89 and then bounced off that. Did it trigger your stop loss? I’m going to hold into next week... good or bad.
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No, stop losses don't trigger AH's. I was watching it...shorts smelled blood in the water and gave it everything it have. Look at that selling pressure at the close. Insane, they were going for the throat...sweep the leg. Good thing is that cleared out a lot of stop limit so there should be some buying on Monday. Assuming the market doesn't drop 700 points again.


Screen Shot 2020-06-26 at 4.12.10 PM.png
 
KyloG said:
No, stop losses don't trigger AH's. I was watching it...shorts smelled blood in the water and gave it everything it have. Look at that selling pressure at the close. Insane, they were going for the throat...sweep the leg. Good thing is that cleared out a lot of stop limit so there should be some buying on Monday. Assuming the market doesn't drop 700 points again.


View attachment 43398
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I noticed this AM the halt really killed the momentum as well, it was steadily up and then as soon as it was halted due to volatility it began to shift from mainly buys to sell orders. Since this is a covid play with all this great news lately you would think it would recover nicely on Monday... at least that is my hope. Going to make a rule for myself not to buy stocks on Friday lol.
 
snowlover91 said:
I noticed this AM the halt really killed the momentum as well, it was steadily up and then as soon as it was halted due to volatility it began to shift from mainly buys to sell orders. Since this is a covid play with all this great news lately you would think it would recover nicely on Monday... at least that is my hope. Going to make a rule for myself not to buy stocks on Friday lol.
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Yeah, me too. I had no intention of buying this or really anything today but when I saw the news pre-market and it was below $10 I thought for sure it would be in the $12-$13 range...not fighting for it's life at $7.90. Tough way to start the weekend....though I did close out some positions at a good time today.
 
snowlover91 said:
I noticed this AM the halt really killed the momentum as well, it was steadily up and then as soon as it was halted due to volatility it began to shift from mainly buys to sell orders. Since this is a covid play with all this great news lately you would think it would recover nicely on Monday... at least that is my hope. Going to make a rule for myself not to buy stocks on Friday lol.
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I did just average down so currently at $8.65 cost average.
 
Grabbed the dip into the mid .50’s late this afternoon when the DOW broke below 25,000.. one of my better trade executions. This is a chart fundamentals play with chance for an oil catalyst on the way up. Jimmy like. Jimmy really like 6B2A1E9A-F2D0-455A-AAA3-4066D9B6764E.jpeg
 
snowlover91 said:
Good move, it’s rallying nicely in AH! I averaged down some as well down to $10.53 so still a ways to go. Hopefully Monday brings a big pop.
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Saw this nugget too...this affects APT too.

The one-week stock surge was in part driven by news on Wednesday that Vaxart would be added to the broad-market Russell 3000 index, effective Monday. The news sent the stock higher by 20% as traders looked to front-run the Russell 3000 rebalance set to take place next week.
 
May try to hop in VXRT (for a quicker swing trade than OPES probably lol, I'm getting the feeling, even with their Ghost Kitchens stuff, that it'd probably be best to exit with one of the next bounces up) if the train doesn't leave the station in premarket Monday morning. I'll decide for sure tomorrow.
 
GeorgiaGirl said:
May try to hop in VXRT (for a quicker swing trade than OPES probably lol, I'm getting the feeling, even with their Ghost Kitchens stuff, that it'd probably be best to exit with one of the next bounces up) if the train doesn't leave the station in premarket Monday morning. I'll decide for sure tomorrow.
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I know OPES said a binding vote would be end of June but need to see some financials. With COVID rampant it’s going to be tough on any chain to grow. Has me thinking they BF might wait a year. I will happily jump back in at a higher price if it’s a go and financials look solid like FMCI/TC.

The rumors on GRAF look interesting too.
 
Futures are actually green... Just doesn't make a whole lot of sense to me. Only thing I can figure is the lead up to July 4th stuff I was hearing from someone (wasn't his idea, but another's).
 
GeorgiaGirl said:
Futures are actually green... Just doesn't make a whole lot of sense to me. Only thing I can figure is the lead up to July 4th stuff I was hearing from someone (wasn't his idea, but another's).
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Fed has easily propped this market above 25,000..I just think people feel comfortable trading and running it up off of that level. It’s the new floor compliments of the Fed.
 
KyloG said:
IDEX...wow, amazing how many people got owned on this.

finance.yahoo.com

SHAREHOLDER ALERT: Block & Leviton LLP Investigating Ideanomics, Inc. for Possible Securities Laws Violations; Investors Who Lost Money Should Contact the Firm

On June 25, 2020, analyst Hindenburg Research issued a series of tweets announcing Hindenburg’s conclusion that Ideanomics, Inc. (IDEX) “is an egregious & obvious fraud.” Hindenburg asserted that it found evidence that Ideanomics “doctored photos in its PR to suggest it owns/operates” a...
finance.yahoo.com finance.yahoo.com
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Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") today announced a response to the recent short-selling communications from J Capital and Hindenburg. According to their websites, these companies take short positions in publicly traded companies then disseminate very negative reports on these companies. "After consultation with our legal counsel, we believe these communications, marketed as research are illegal or have been banned in many countries, but continue to operate in the grey areas of financial regulatory law in the United States," said Alf Poor, CEO of Ideanomics. Below are Ideanomics' initial response to the allegations published in these reports:


-- J Capital alleged that Ideanomics does not have sufficient cash to fund operations for more than three months. This statement can easily be reconciled from the Company's recent series of filings of form 424B2 with the SEC, which clearly shows the company has raised capital in recent weeks and months.

-- Hindenburg Research alleged that Ideanomics claims to own and operate a large-scale facility in Qingdao for its MEG division sales and that their investigators have been on-site and claim MEG does not have a presence there. Ideanomics has never claimed or disclosed ownership of the site. It holds a 15-year rent-free agreement which was signed by Ideanomics in Nov. 2019 and has since provided images to show its participation at the site. Hindenburg Research disseminated social media content regarding their conversation with MEG partner's sales staff with auto dealers at this site. We have since obtained statements from these staff members that refute Hindenburg's claims.

-- J Capital has alleged it made inquiries with the local Qingdao city investment group for the Chengyang business district - Qingdao Chengyang Xinyang Investment Co. Ltd - and that they have no knowledge of Ideanomics or its MEG division. Ideanomics is providing government-issued registration of the venture with our Company, which is a matter of public record in China. Furthermore, the city investment entity has released details of its interest in the ventures, including a recent RMB 50 Million investment received by the Company in January 2020, as part of a potential series of investments, and recent media coverage in the People's Republic of China corroborates this.

-- J Capital further alleges that it has inquired with recent deals signed by Ideanomics MEG division, and its subsidiaries, and that these companies deny having a business relationship with our Company. We have contacted each of the partners and they have provided statements confirming their business relationships with our Company, and have each applied their respective company seal for authenticity, in order to refute those claims entirely. These partners include Tianjin Zhongcheng order for 42 units of Toyota Land Cruiser, Jiudao Group for 400 units of Aoxin X30L EV, Beijing Silk Road Rainbow, and Qinou Group order of 200 units of Dong Feng Liuzhou S50EV for the City of Neijiang, Sichuan.

Detailed documentary proof to support Ideanomics response to these allegations can be viewed on the Company's corporate website at https://ideanomics.com/short-selling-activity/

The Company will continue to provide additional material it believes is required to refute the claims made by J Capital and Hindenburg and their sponsors.
 
Should have waited a little bit to sell OPES. I got it at $16.60 but could have as high as $16.90. Oh well... $670 off your first swing trade when you're being careful is not bad.

Now to watch VXRT like a hawk (even though I'll do a stop here). Just 100 shares at $9.25 there. Probably not going to hold beyond the week in this case so hopefully it can move.
 
GeorgiaGirl said:
Should have waited a little bit to sell OPES. I got it at $16.60 but could have as high as $16.90. Oh well... $670 off your first swing trade when you're being careful is not bad.

Now to watch VXRT like a hawk (even though I'll do a stop here). Just 100 shares at $9.25 there. Probably not going to hold beyond the week in this case so hopefully it can move.
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I’m holding VXRT through this week and maybe longer. Lots of catalysts coming up soon with it. CLHI is now starting to move as well, could be close to filings and the merger with the way it has been trading recently.
 
The folks piling in SHLL need to chill lol. Sad thing is I had eyes on it and saw it when it was at $15.78, but if I decide to keep going with potential spec swings going forward I'd prefer to keep it at 1-2 instead of multiple and not pile in.

Edit: Think I'm just going to get out of VXRT probably. I liked the idea of it because it's a pill vaccine, but they would have to move quickly to be the winner on the COVID vaccine. There's the potential of a buyout by JNJ and work on things with the flu, but I kind of changed my mind (impatience being part of the reason).

Edit2: I'm out. GL to all in VXRT...sad thing is it happened again like it did with OPES, had I waited one measly minute I could have gotten a better price. Since it's a major green day I'm up anyway.
 
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Here's another SPAC to keep an eye on, hasn't fully taken off yet.

casinobeats.com

Golden Nugget Online Gaming going public via Landcadia Holdings II deal

Tilman Fertitta and Landcadia Holdings II have announced a purchase agreement regarding US online real money casino Golden Nugget Online Gaming. Upon closing, Landcadia II, a publicly traded special purpose acquisition company co-sponsored by Fertitta Entertainment
casinobeats.com casinobeats.com

I have an eye on it, if it cools off some more today I might consider jumping in.

Another is NFIN. It's merging with Triterras, who is a leader in commodity trading and generated over $4.1 billion of transaction volume, $87 million in EBITDA and $46 million in net income on a consolidated basis.
 
Glad I sold OPES last week after seeing it tank the past couple of days. But it’s almost fine to get back in.
 
I almost perfectly timed my OPES sell. One more day and putting the sell order at $18 or maybe a touch lower would've been perfect. Still, as I said, $670 ain't too bad (unless you end up watching a DEAC/DKNG like move, which I'm not really sure happens).

Still watching LCA like I was yesterday.

Edit: Well I was going to start a small position but this bad boy has a 70% maintenance requirement? ?‍♀️ Forget that.
 
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Needless to say, today wasn't all that hard to predict. I knew jobs reports was going to beat projections again. Major green unless some big players decide to take profits before the 3 day holiday, and even if they do it should still be solidly green.

Future days might be murkier, but for today the stock market says Happy early Independence Day.
 
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