RIG is attractive here because Oil is $15 higher than January and RIG is cheaper than the January high. Nice discount. As said before expect it's moving towards $4. There might be another opportunity to enter around $3.
RIG target $5.60. I look at the first run November to January and calculate 3/4 of that for the second run starting from $3. Measured move.
Expect drillers to perform well as Oil nears a peak.
In addition on February 22 RIG issue bonds convertible at $5.25.
"The Senior Guaranteed Exchangeable Bonds will have an initial exchange rate of 190.4762 Transocean common shares, par value 0.10 Swiss francs per share (“Common Shares”), per $1,000 original principal amount, subject to adjustment, and will be convertible into Common Shares, implying an initial exchange price of approximately $5.25 per share."
Thank you for sharing your insights. I don't have GME but believe it will happen again and again (not GME though) so I want to learn how to see it next time.
I thought about it but I decided not. It could work but just seemed like a hassle. UVXY consolidate soon for one thing. It is coming down though choppy. I have another plan for a volatility option trade later. It's going to be massive. I always use VXX options.
Investing online has been a main source of income, that's why knowledge plays a very important role in humanity, you don't need to over work yourself for money.All you need is the right information, and you could build your own wealth from the comfort of your home!Binary trading is dependent on timely signals, assets or controlled strategies which when mastered increases chance of winning up to 90%-100% with trading. It’s possible to earn $10,000 to $20,000 trading weekly-monthly, just file a complaint with Mr. Carlos, I had almost given up on everything about binary trading and ever getting my lost funds back, till i met with him, with his help now i have my lost funds back to my bank account and I can now trade successfully with his profitable strategies and software!! Email: investandearnbinaryfx@gmail.com or whatsApp: +1(424)285-0682 or telegram : @IEBINARYFX
CCL has met target quickly! Good spot to take profits.
ReplyDeleteTesting different chart formats also. Provided this update for those following reopening trades.
ReplyDeleteOut of Carnival and bought RIG at $3.45.
ReplyDeleteRIG is attractive here because Oil is $15 higher than January and RIG is cheaper than the January high. Nice discount. As said before expect it's moving towards $4. There might be another opportunity to enter around $3.
ReplyDeleteRIG target $5.60. I look at the first run November to January and calculate 3/4 of that for the second run starting from $3. Measured move.
Expect drillers to perform well as Oil nears a peak.
In addition on February 22 RIG issue bonds convertible at $5.25.
Delete"The Senior Guaranteed Exchangeable Bonds will have an initial exchange rate of 190.4762 Transocean common shares, par value 0.10 Swiss francs per share (“Common Shares”), per $1,000 original principal amount, subject to adjustment, and will be convertible into Common Shares, implying an initial exchange price of approximately $5.25 per share."
RIG weekly 200 ma is at $7.
DeleteGamestop it hit a low at the hearing. It's just testing that gap area.
ReplyDeleteyou would scalp long gamestop at these levels?
DeleteGamestop could see a little higher next week. I agree scalp only.
DeleteDo you think GME could fill the gap? I think if it fills the gap then it can go by 400. What do you think?
DeleteAll it's doing in my opinion is filling the gap
DeleteThank you for sharing your insights. I don't have GME but believe it will happen again and again (not GME though) so I want to learn how to see it next time.
DeleteDefinitely it will continue to happen. This dynamic is here to stay for a while. Thank you!
DeleteWe do have some decent short interest in RIG as well. Reddit may well target it we will see.
ReplyDeletesc,
ReplyDeletelooks like we are dropping a little--SPX--we should hold 3850
SPX probably bounce tomorrow and a lower low next week. It's getting action at the month end turn date.
DeleteLong tqqq 91.40
ReplyDeleteBought more 90
ReplyDeleteLong nok
ReplyDeletelou,
ReplyDeletesmart move -bother
On nok or tqqq?
DeleteBoight more at 89
ReplyDeleteLou have u sold AMC if yes where will u buy again thanks
ReplyDeleteAmc is a speculative trade
ReplyDeleteTqqq could see 10o from here
ReplyDeleteFilled on some more 87.90 firesale
ReplyDeleteSc u still expecting vix 18, it is 30 now
ReplyDeleteIt's proving to be a tough gap to fill.
DeleteYup
ReplyDeleteCan u please give a road map for spy now
ReplyDeleteOkay
DeleteVIX closed right at the weekly 50 ma
ReplyDeleteBought more tqqq 85.60
ReplyDeletesc,
ReplyDeletehas anything changed---you are still expecting a new high --after this correction???
We should see another high March.
DeleteLet's go giddy up we are looking for a 3 day rally 3950 plus
ReplyDeletelou,
ReplyDeletenice move ----congratulations!
lou,
ReplyDeleteI bought on the dip---I wait to the end of the day to average in!
Giddy up
DeleteNazdaq down 8% from highs. Peculiar that last low at
Delete50 ma was at the last day of Jan.
"UVXY, AWAY: Big ETF Inflows | Nasdaq" https://www.nasdaq.com/articles/uvxy-away%3A-big-etf-inflows-2021-02-26?amp
ReplyDeletehttps://analisisbolsa.com/yo-veo-un-movimiento-lateral-antes-que-un-movimiento-a-la-baja-pero/
ReplyDeletegiddy up
ReplyDeletesc,
ReplyDeleteshould we buy puts on UVXY???
I thought about it but I decided not. It could work but just seemed like a hassle. UVXY consolidate soon for one thing. It is coming down though choppy. I have another plan for a volatility option trade later. It's going to be massive. I always use VXX options.
Deletelou,
ReplyDeletenice call Friday!
Double on SPY calls---
Love you brother!
RIG rising nice and steady. Should see that $4 plus next week.
ReplyDeletesc,
ReplyDeleteUvxy --is 8.50--where or what level will be an entry on this?
it is not reacting like it should!
this looks like 6 bucks for entry point!
ReplyDeleteI'm waiting for UVXY to capitulate, which it will. So far just bouncing around. The capitulation is coming and it will be deep.
DeleteNew chart posted!
ReplyDeleteInvesting online has been a main source of income, that's why knowledge plays a very important role in humanity, you don't need to over work yourself for money.All you need is the right information, and you could build your own wealth from the comfort of your home!Binary trading is dependent on timely signals, assets or controlled strategies which when mastered increases chance of winning up to 90%-100% with trading. It’s possible to earn $10,000 to $20,000 trading weekly-monthly, just file a complaint with Mr. Carlos, I had almost given up on everything about binary trading and ever getting my lost funds back, till i met with him, with his help now i have my lost funds back to my bank account and I can now trade successfully with his profitable strategies and software!! Email: investandearnbinaryfx@gmail.com or whatsApp: +1(424)285-0682 or telegram : @IEBINARYFX
ReplyDelete