The Official Stock Market Thread - Page 90

Josh611 · 08-27-2021, 10:38 AM

Rivian seeking an $80B valuation in an IPO filing.

Sheesh.

jcardstore · 08-27-2021, 10:41 AM

Another EV that will inevitably fail.... wooooooo

finfangfan · 08-27-2021, 03:08 PM

Nice day today with a solid 1.66% return overall. Genius Sports (GENI) lead the way with a 7% gain and it also managed to close above $20 for the first time in awhile. I am hoping this goes on a run this Fall in the first year of its NFL contract.

Anderdale · 08-27-2021, 04:39 PM

Quote:

Originally Posted by jcardstore

Another EV that will inevitably fail.... wooooooo

Does it matter that it’s backed by Amazon? Never heard of it til now so just curious

JMarchand1981 · 08-27-2021, 04:52 PM

Quote:

Originally Posted by Anderdale

Does it matter that it’s backed by Amazon? Never heard of it til now so just curious

RIDE was backed by GM...until it wasn't.

If it isn't backed my Elon Musk, it will be an uphill battle in that sector.

jcardstore · 08-27-2021, 05:25 PM

Quote:

Originally Posted by JMarchand1981

RIDE was backed by GM...until it wasn't.

If it isn't backed my Elon Musk, it will be an uphill battle in that sector.

Here’s my problem with EV companies not named Tesla (they’re more of a tech company anyways but that’s a different discussion). They don’t actually produce anything.

All these companies have been promising forever and nobody has actually put a vehicle on the road. Besides Proterra but they have a laughable 2% gross margin.

Tesla had an incredible first mover advantage so they’ll be fine but otherwise I don’t buy anything else.

Volvo, Oshkosh, Ford, VW, GM, etc…they’re all doing EV now and they have the established production lines and supply chains to crush these small players

GeechQuest · 08-27-2021, 07:29 PM

Quote:

Originally Posted by jcardstore

Volvo, Oshkosh, Ford, VW, GM, etc…they’re all doing EV now and they have the established production lines and supply chains to crush these small players

This is why I don’t play the EV game. The big guys are ALSO doing it.

That Ford Lightning is nice. GM comes out with an electric YukonDenali and it’s game over.

I say this as someone who really likes the Rivian R1T. Ford just does it better.

ninjacookies · 08-27-2021, 08:09 PM

No clue on the fundamentals, but the daily/weekly technicals on BB look amazeballs.

Donkaylove · 08-27-2021, 08:38 PM

Quote:

Originally Posted by ninjacookies

No clue on the fundamentals, but the daily/weekly technicals on BB look amazeballs.

blackberry? its currently manipulated, worth about 8.50, no revenue/no new products, unprofitable, and will be going down.

ninjacookies · 08-27-2021, 09:00 PM

Quote:

Originally Posted by Donkaylove

blackberry? its currently manipulated, worth about 8.50, no revenue/no new products, unprofitable, and will be going down.

I haven't seen anyone flossing a blackberry scrollwheel phone since '08.

A lot of stocks are manipulated. It's one of the many wsb shill stocks, but amc and gme all seem to be holding fine off their all-time lows.

Definitely not advocating to purchase, but from what I've read, several companies have recently revised their strong bearish outlook on BB...at least for the short term.

Donkaylove · 08-28-2021, 01:35 AM

Quote:

Originally Posted by ninjacookies

I haven't seen anyone flossing a blackberry scrollwheel phone since '08.

A lot of stocks are manipulated. It's one of the many wsb shill stocks, but amc and gme all seem to be holding fine off their all-time lows.

Definitely not advocating to purchase, but from what I've read, several companies have recently revised their strong bearish outlook on BB...at least for the short term.

not a short term guy, dont need the stress of the everyday. i buy mainly profits/revenues, undervalued, growth and stability in the 5-20 range. I stay in my lane and specialize.

xbignick · 08-28-2021, 06:27 AM

Quote:

Originally Posted by Josh611

Rivian seeking an $80B valuation in an IPO filing.

Sheesh.

cnewby · 08-28-2021, 08:12 AM

Our company is making water pumps for Rivian.

jcardstore · 08-28-2021, 08:57 AM

Quote:

Originally Posted by ninjacookies

No clue on the fundamentals, but the daily/weekly technicals on BB look amazeballs.

Funny you mentioned this. I’ve been testing out a strategy with covered call premiums and this popped on my screener. I bought 100 shares on Wednesday and was able to get 3.4% in premium. I want to see how much premium I can get before the technicals turn.

Does have a great looking chart tho.

ninjacookies · 08-28-2021, 06:57 PM

Quote:

Originally Posted by jcardstore

. I bought 100 shares on Wednesday and was able to get 3.4% in premium. I want to see how much premium I can get before the technicals turn.

https://www.tradingview.com/x/lBuRXCYJ/

Super nice recovery. I actually expected it to break down at 9.5x (as most did), but that recent volume spike and push clearly shows someone wants this stuff.

Classic bullish retest and bounce off the 50ema.

A clear of $12.50 es muy bueno, but a clear of $15 and we're going to really see some fireworks.

Though it looks like the triangle may not resolve until late October.

Let the good times roll.

JMarchand1981 · 08-29-2021, 09:01 AM

Quote:

Originally Posted by jcardstore

Funny you mentioned this. I’ve been testing out a strategy with covered call premiums and this popped on my screener. I bought 100 shares on Wednesday and was able to get 3.4% in premium. I want to see how much premium I can get before the technicals turn.

Does have a great looking chart tho.

What are you using to test the strategy. We have been doing it for years and I might be able to help you in one way or another.

Not sure what there was in terms of strike price/date, but 3.4% is major premium. There must have been an insane amount of risk to the downside involved.

JMarchand1981 · 08-29-2021, 09:02 AM

Quote:

Originally Posted by xbignick

I don't do Twitter. Does anybody know if the Elon Musk in this tweeter blurb is the Elon Musk? In any event, he makes a point.

JMarchand1981 · 08-29-2021, 09:05 AM

Quote:

Originally Posted by ninjacookies

No clue on the fundamentals, but the daily/weekly technicals on BB look amazeballs.

Quote:

Originally Posted by Donkaylove

blackberry? its currently manipulated, worth about 8.50, no revenue/no new products, unprofitable, and will be going down.

Quote:

Originally Posted by ninjacookies

I haven't seen anyone flossing a blackberry scrollwheel phone since '08.

A lot of stocks are manipulated. It's one of the many wsb shill stocks, but amc and gme all seem to be holding fine off their all-time lows.

Definitely not advocating to purchase, but from what I've read, several companies have recently revised their strong bearish outlook on BB...at least for the short term.

Fundamentals for BB are junk. However, they are forecasting that they will make money next year. I am not sure how they will with no new problems. I am also not sure what has prevented them from making money the past 5 or 6 years and what would delineate next year from this year.

That said, I don't have the stones to short it.

Josh611 · 08-29-2021, 09:23 AM

Quote:

Originally Posted by JMarchand1981

I don't do Twitter. Does anybody know if the Elon Musk in this tweeter blurb is the Elon Musk? In any event, he makes a point.

Sure is. He isn’t wrong.

https://twitter.com/elonmusk/status/...456651778?s=21

Ford owns a stake in Rivian so I’ll take it. The fact they haven’t delivered a vehicle yet and may have a higher valuation than Ford and GM is nuts.

Guess we will see how they do.

jcardstore · 08-29-2021, 03:31 PM

Quote:

Originally Posted by JMarchand1981

What are you using to test the strategy. We have been doing it for years and I might be able to help you in one way or another.

Not sure what there was in terms of strike price/date, but 3.4% is major premium. There must have been an insane amount of risk to the downside involved.

I'm using my own money to test the strategy haha. Kind of a learn by doing type thing.

I'm experimenting as a pure cash flow strategy.

I wrote a python scraper that pulls the option chain for all symbols with weeklies. Then I grab the ATM and the next 3 strikes and calculate how much premium I can generate if I buy 100 shares at the current price and sell the call.

The options are always weekly and need to generate a minimum of 1% premium and it has to have a good technical setup on the chart

I try to limit my risk by buying on Wednesday and reevaluating Monday morning.

Some stocks I may like and want to hold (SOFI) some I may not care about and just want to get as much juice out as possible (BB).

I'm not sure what my limit is when I sell the stock, I was thinking a 10% combined gain between call premium and stock gain but not sure.

Would love to hear your thoughts and advice as I kinda just thought of this idea on a whim and wanted to see if I could make it work. An important piece of this is the TA piece as well I'm not gonna blindly buy stock to get a high premium if I don't think the setup looks good. No point to buy 2-3% premium just to have the stock pull back more than that before exp.

ninjacookies · 08-29-2021, 11:48 PM

Quote:

Originally Posted by JMarchand1981

Fundamentals for BB are junk. However, they are forecasting that they will make money next year. I am not sure how they will with no new problems. I am also not sure what has prevented them from making money the past 5 or 6 years and what would delineate next year from this year.

That said, I don't have the stones to short it.

I figured as much. Seems like this is yet another WSB prayer shot. My position is quite small, but still trying to navigate and learn my way around the market.

jcardstore · 08-30-2021, 07:52 AM

After months of consolidating BRKS looks poised to break out.

Nice big cross of the 200dema on volume.

Going to take a look at some calls today.

JMarchand1981 · 08-30-2021, 11:50 AM

Quote:

Originally Posted by jcardstore

After months of consolidating BRKS looks poised to break out.

Nice big cross of the 200dema on volume.

Going to take a look at some calls today.

Excellent company. One of my very good friends is a director in the finance department. Bravo on the find. This company hung around the $30’s just about all of 2019 iirc. I gave up on it because I put the money in Thst sector to use in something else.

tennelson55 · 08-30-2021, 06:07 PM

Quote:

Originally Posted by Donkaylove

not a short term guy, dont need the stress of the everyday. i buy mainly profits/revenues, undervalued, growth and stability in the 5-20 range. I stay in my lane and specialize.

Straight cash hommee. Holla with thoze dollaz and stuff that bank wirhb some bling bling cows.

Real G’s short

ninjacookies · 08-30-2021, 06:16 PM

Quote:

Originally Posted by jcardstore

After months of consolidating BRKS looks poised to break out.

Nice big cross of the 200dema on volume.

Going to take a look at some calls today.

Same stock? I'm keeping my eye out.

https://www.tradingview.com/x/zjO8hAoZ/

I'm paying attention to that 50ema resistance. Daily stoch looking like it may be getting slightly toppy here, too...but doesn't necessarily have to be the case.

Weekly had a nice bounce off the 50 ($79.50)...if it holds, the uptrend is still very much in tact.

08-27-2021, 10:38 AM	#2226
Josh611 Member Join Date: Dec 2010 Location: Michigan Posts: 9,989	Rivian seeking an $80B valuation in an IPO filing. Sheesh. __________________

08-27-2021, 10:41 AM	#2227
jcardstore Member Join Date: Mar 2014 Posts: 21,600 Jcardstore	Another EV that will inevitably fail.... wooooooo __________________ Just moonwalking through hell on my last brain cell

08-27-2021, 08:09 PM	#2233
ninjacookies Member Join Date: Jan 2011 Location: All the girls see the (boi)/ Look at his flips / Look at his kards / All they say is (oh boi). Posts: 56,370	No clue on the fundamentals, but the daily/weekly technicals on BB look amazeballs. __________________ #5 world ranked Ledell Eackles superclection as recognized by Tuff Stuff junior managing editor, Barry McCaulkinner. Somethin' like a cross between Teddy Aguhob and Kaboom Mystery Packs. I got that Givenchy denim flow.

08-28-2021, 08:12 AM	#2238
cnewby Member Join Date: Sep 2012 Location: MI Posts: 17,899	Our company is making water pumps for Rivian. __________________ #ALLRISE - THE ORIGINAL HASHTAG - ALL OTHERS ARE CUTE IMITATIONS

08-30-2021, 07:52 AM	#2247
jcardstore Member Join Date: Mar 2014 Posts: 21,600 Jcardstore	After months of consolidating BRKS looks poised to break out. Nice big cross of the 200dema on volume. Going to take a look at some calls today. __________________ Just moonwalking through hell on my last brain cell

08-27-2021, 03:08 PM	#2228
finfangfan Member Join Date: Oct 2013 Posts: 10,571	Nice day today with a solid 1.66% return overall. Genius Sports (GENI) lead the way with a 7% gain and it also managed to close above $20 for the first time in awhile. I am hoping this goes on a run this Fall in the first year of its NFL contract.