It works in reverse with puts too.
GBA Presents: House of Gummy-!
- Thread starter stonedinvestor
- Start date
GUMMY-!!!!
ROIV Roivant Sciences Ltd.
$11.600.18 (+1.58%)4:00 PM 07/13/23
NASDAQ | $USD | Post-Market: $12.95 +1.35 (+11.64%) <-----------
7:59 PM
ROIV Roivant Sciences Ltd.
$11.600.18 (+1.58%)4:00 PM 07/13/23
NASDAQ | $USD | Post-Market: $12.95 +1.35 (+11.64%) <-----------
7:59 PM
QBTS D-Wave Quantum Inc.
$2.630.66 (+33.50%)<------------ !!
4:00 PM 07/13/23
$2.630.66 (+33.50%)<------------ !!
4:00 PM 07/13/23
Don't tell me, lemmee guess without opening some software... there's a news story, or they are way up in the after hours on something.
Coinbase is a MEME stock?
Spiking meme stocks trying not to spoil the bulls' party
Meme stocks and other "fringier" parts of the market tend to be late to the party. When they spiked last year and earlier this year, it was a decent contrary sell signal for the general market (S&P 500). During the 2021 bull market, spikes precipitated minor pullbacks.
The above chart attempts to track clusters of three or more of the seven meme stocks that are registering a true range expansion with a z-score of three or above (indicating a move greater than or equal to three standard deviations) relative to the trailing 63 trading days, or one quarter.
At the beginning of June, there were volatility spikes in GameStop (GME), Coinbase (COIN), Palantir (PLTR), Carvana (CVNA) and Beyond Meat (BYND) -- yet the overall market surged higher.
Over the last few days, Coinbase has spiked again along with three cohorts.
Will we continue to see this bull market trek higher, or are meme stocks once again the canary in the coal mine suggesting a turn is imminent?
Spiking meme stocks trying not to spoil the bulls' party
Meme stocks and other "fringier" parts of the market tend to be late to the party. When they spiked last year and earlier this year, it was a decent contrary sell signal for the general market (S&P 500). During the 2021 bull market, spikes precipitated minor pullbacks.
The above chart attempts to track clusters of three or more of the seven meme stocks that are registering a true range expansion with a z-score of three or above (indicating a move greater than or equal to three standard deviations) relative to the trailing 63 trading days, or one quarter.
At the beginning of June, there were volatility spikes in GameStop (GME), Coinbase (COIN), Palantir (PLTR), Carvana (CVNA) and Beyond Meat (BYND) -- yet the overall market surged higher.
Over the last few days, Coinbase has spiked again along with three cohorts.
Will we continue to see this bull market trek higher, or are meme stocks once again the canary in the coal mine suggesting a turn is imminent?
Yep... I thought that ticker looked familiar from a few hours ago. It spiked to $14 on the news. I saw it and didn't post. Never buy into the 1st spike Stoney.
Reuters
Roivant in talks to sell bowel disease drug to Roche in over $7 bln deal - WSJ
Jul 13, 202318:18 EDT
$12.80 on the close.
Looks like it was a spac. That $10 flatline is a dead giveaway.
$7B in the headline looks good. What's the catch? Did you do any dd?
Buy early... sell before the bell.
In absence of any responsible dd of course.Buy early... sell before the bell.
This isn't WSB's.
You may not care, but I feel a responsibility to the readers.
Buying anything when (the Stoney correction
) has the market soaring like a rocket.... works well until it doesn't. Every stock under $5 was up 5% plus today. No genius involved. Don't leave the children without a chair when the music stops Stoney.
As I said.... the latter part of Q3 and Q4 will be ugly unless Biden kicks the student loan can down the road another 12 months. Or if Putin gives up on Ukraine. At which time go all in on Thor and HDELY. Tempory housing and cement. Throw the European equivalent of PWR in there too. I already have the name.
By the way, I have a responsibility to inform you that I picked up that gauntlet you threw down like 400 pages ago (it seems) about finding the A&P WEO jingle. Alas, I failed, that's one tough nut to crack.
Who can forget their "NO FRILLS" on half the stuff in the store, lol! I never knew Eight O-Clock Coffee was their brand, though. Fancy that.
WE ARE APPROACHING TIME TO END THIS THREAD::: I HAVE GIVEN OUT SO MANY GOOD IDEAS AND I FEEL NOT ENOUGH FOLKS ARE RECEIVING THEM.
UPDATE- $118.72 +$5
+ T. Rowe Price price target raised to $117 from $108 at Wells Fargo » 06:21 TROW