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Sunday, June 13, 2021

OCGN - Short Term Targets

OCGN dipped last week with the announcement that they would apply to the FDA for a full approval rather than emergency use of their Covid vaccine Covaxin. The WHO is currently reviewing data from Covaxin and likely to approve the vaccine given that it is already in worldwide use by many countries. Daily

62 comments:

  1. OCGN can see a little lower, probably under the April low, but it looks like a bargain. Recently healthcare institutions subscribed a $100 Million offering at $10.

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  2. Short term targets are shown and looking further out OCGN likely to head back towards the February high of $18.

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  3. Here’s a terrifying read....

    https://b3d2650e-e929-4448-a527-4eeb59304c7f.filesusr.com/ugd/593c4f_b2acdef3774b4e9ca06e9fae526fd5cd.pdf


    Page 6-7... Covid vaccine unsafe for use in humans

    Wonder what would happen if vax had to be halted/recalled??

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    1. That's the fear as the mass immunization continues. This market is just psychology after last year's panic.

      Volatility will come back as people become anxious.

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    2. People don't trust mRNA vaccines because they are not proven over time. MRNA stock taking a hit today.

      A vaccine is 0% effective if people will not take it.

      NVAX doing well. Different technology. People want choices. OCGN based on traditional technology.

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    3. Spike protein is toxic. These morons chose the deadliest part of Cov2 to make antigens against. If Cov2 is a gun, the spike protein is the bullet. It doesn’t matter if you use traditional vacx and inject 50 billion spike protein bullets into you or if you inject a blueprint for your own body to become a spike protein bullet factory all day long - the result is the same: vascular damage, blood clots and prion diseases. Though I would argue the mRNA vacx is more dangerous because there is no OFF mechanism so the damage continue s indefinitely.

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  4. Just curious, if you don’t mind answering, did you get the vaccine? I did.

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    1. Yes Pfizer even though their stock is a dog and lower than last year. The CEO sells

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    2. Nope. I’m in the control group. I never took any vacx and I never will no matter how many doughnuts, burgers& fries, weed, and lottery tickets they offer for one reason....can’t sue the manufacturer for liability.

      If the company won’t stand by their own product, then why the hell should I take it?

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  5. GUSH slumping into Fed meeting.

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  6. Replies
    1. "Ocugen shares rise after securing manufacturing partnership for COVAXIN in the U.S."

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  7. Wonder if KODK will retest $6-7?

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    1. It can. KODK starting to interest me again. It could see a low in the next week and pop early July I think

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  8. i will never take a vaccine havent taken one since im 12

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  9. SC
    Do you still see April lows for OCGN with the partnership?

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    1. OCGN still does look heavy. I'm being fairly cautious. Although generally I like the way the company has developed, it can see lower.

      Their data has always been very positive but I have a suspicion that they may have some bad data coming out. This could mark a low and where I want to enter.

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  10. Took profit on the Biotech short XBI $133.60. I had some puts which spiked today.

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  11. Fed will ignore inflation which will, of course, lead to a massive spike in Oil.

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  12. SC, do you think the vix is going to 12?

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    Replies
    1. The market is very quiet which does force volatility lower. So it might

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  13. Sc you had said spx will top out in June.. is this still the case ?

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    1. SPX moving so slow now I just look at it once per week. It looks dead on arrival. Someone bring out the defibrillator

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  14. This could take a long time for SPX to top out at this pace and before it's ready for downside. Very slow which is going to pressure UVXY down further. However, calm periods precede volatile periods so remember that.

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  15. Biden meets with Russia. As anticipated Russia and USA cutting a deal.

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    1. In response to Biden meeting Putin, China has closed the Port of Yantian holding world trade. Satellite images show 160,000 containers stranded at the port. All supposedly due to 5 Covid cases.

      And here we start again...the next stage of the Trade War begins!

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  16. North Korea announces famine and food shortages. They never announce anything. How convenient as USA meets with Russia. North Korea merging with China!

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  17. GUSH retracing as expected. Excellent!!

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  18. The Oil timing model again proves to be accurate. Money maker!

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  19. How low do you see gush going?

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  20. I'm still waiting for OCGN. Data is due to be released and since price has slumped beforehand assume it's bad. In this case buy the bad news.

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  21. Chart updates coming soon. I'm getting ready for larger swing trades.

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  22. Sounds like we are about to have some fun.

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  23. Replies
    1. Market has consolidated to the point where it is time to get ready for larger swings. We have a very specific pattern to watch for SPX and thus volatility. Oil especially also is a top summer play.

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  24. Suggest adding Valneva to your vaccine watchlist, it is getting approvals in UK and EU with it's COVID vaccine (Vero-cell based, highly-purified inactivated whole virus vaccine)

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  25. SC, do you think S&P is going to 4400?
    Can you give us the pattern?

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    1. big drop coming july 15 into august maybe 10 percent
      could be 2o after that im thinking 4800

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    2. I'll post the pattern. We have a clear setup. Enormous profits!

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    3. “Enormous profits”, you have my attention.

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    4. Joe is ready to board the cash train

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  26. i think you could short tommorow into tuesday

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  27. Replies
    1. Wait for it to settle back. Undoubtedly near a low point in pandemic

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  28. SC, when you are going to post the pattern?

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    1. The beauty of the pattern is that there are several moves before the big one on the third. That is why we have time. There is no need to participate on the first drop.

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  29. LABU PT 112 if break out here, XBI second big test here after 32% correction, pointing higher from here....

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