Capella
Footballguy
Not at all. Not even a million shares a day, just pure manipulation of a barely traded stock.
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Stock Thread (24 Viewers)
- Thread starter St. Louis Bob
- Start date
dkp993
Footballguy
Last edited by a moderator:
dkp993
Footballguy
Dwayne Hoover
Footballguy
I don't like that there isn't a lot of confidence in the market. I always ask what am I missing here?
They have backing from the NIH though and the Mayo clinic where trials were conducted is held in esteem. On the Covid front, the Delta variant is on the rise, the vaccine is not completely effective, there are still a lot of unvaccinated and and many questions on how the virus evolves going forward. Given the positive data from their test, the FDA would be extremely callous not to approve, especially with questions lingering on the horizon about the future state of the virus.
The FDA is always a wildcard but I think they will give EUA and more countries will want to get on board too.
The General
Footballguy
Bezos getting the Steve Balmer send off...you leave and the stock gains you a couple billion on the way out.
Unbelievable.
Unbelievable.
Capella
Footballguy
I mean I am definitely nervous the fda doesn’t approve. I give that a 15-20% shot of denial. But as for the day to day stock price nonsense, I don’t care at all.
Dwayne Hoover
Footballguy
Yep, makes sense. It doesn't matter day to day if you are holding until a decision. Short term traders would obviously have a different opinion.
Chaz McNulty
Footballguy
I'm more nervous with the amount of insider shares that have been sold over the last month.Capella said:
Capella
Footballguy
Been shown to have been planned months in advance. Means nothing. Those guys dumping shares while sitting on bad info is grossly illegal.
Chaz McNulty
Footballguy
But from my understanding, even though it was planned months ago, they do have the option not to sell. This was planned before the results of the phase 3 study. Would not changing your mind about the sale be the move if you were really confident.
I was 90 percent certain this was going to get an EUA. Now I am 60%.
If anyone is tailing this trade (though I doubt it), this big move today presents a great opportunity to sell the $3900 August call against the previously purchased $3650 call. The net in premium is fat enough that it should result in essentially a free 3650/3900 call spread for August. Or you could let it ride, but that’s not me.
metoo said:
The General said:
I've been telling you guys for close to a year that Bezos was the boat anchor holding this stock down and everyone wanted to argue. It's back up to 27% of my portfolio so it was a very good day. I need to trim some shares tomorrow and spread the love around.Capella said:
The General
Footballguy
identikit
Footballguy
msudaisy26
Footballguy
Dr. Octopus
Footballguy
GameStop is starting to drop big. Are the "apes" finally giving up?
Al Czervik
Not wearing pants
Anyone shorting $NEGG?
I've been holding AMC July puts, figuring they'd expire worthless, but it, too, is down big today. Maybe they're rotating into the hot new ticker AMZN?
Yep, my portfolio is always more volatile so looking like I’m giving up yesterday’s nice gains. Starting to look like some stocks may be at nice prices to move around. Not sure I want to commit more cash but still have some stocks I would be fine with not having. Would have been nice if they weren’t tanking as much or worse (looking at you KALA).
urbanhack
Fight The Power!
JB Breakfast Club
Footballguy
Should I be dumping BLDP? I think I picked that up from the board...what is happening to cause this sell-off?
identikit
Footballguy
KGB
Footballguy
McBokonon
Footballguy
Better sell your Twitter, Google, and Facebook. Trump, who is really good at winning court cases, is arguing that these private companies are violating his first amendment rights. He’ll definitely crush these tech giants and this totally isn’t just another fundraising ploy.
Wow, a bit of a comeback. Only down 0.4% now. AMZN, ZS and TTD helping keep the little guys from burning a hole in my pocket. FTCH too. I bought that last summer with SPT and they were in lock step until recently when SPT has kept rolling.
Gotta give an honorable mention to HUBS. Bought a bunch last March near the bottom and it’s been a great run.
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GoBirds
Footballguy
Let’s keep the Trump rants in the PSF.
Just added some AMZN for my kids, cringed at the price but figure long term it’s fine. Anyone else adding?
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Dwayne Hoover
Footballguy
Tempting for sure, if I wasn't at a comfortable weight on AMD, I would join you. Also own a little XLNX too
identikit
Footballguy
Capella
Footballguy
Last edited by a moderator:
GoBirds
Footballguy
Capella
Footballguy
My target for the end of year is/was 4k so anything under that - it just seems to me that there is usually a decent drop after they report so I’m looking towards that more than an actual price.
Todem
Footballguy
2Squirrels1Nut
Footballguy
General Malaise
Footballguy
For those that care on tin (and I certainly think some of you should).....
LONDON, July 7 (Reuters) - Copper may grab the supercycle headlines but it’s the tiny tin market that outperformed all other base metals in the first half of this year.
London Metal Exchange (LME) tin hit a decade high of $33,181 per tonne in June and is currently trading around $31,800, up by 51% on the start of the year. Aluminium, the second-best year-to-date LME performer is up by 25% and copper “just” 21%.
The LME cash tin price continues to command a significant $1,000-per tonne premium over the anchor three-month price, reflecting low inventory and chronic time-spread tightness.
Physical tin users are paying even more, up to $2,000 per tonne in Europe and over $3,000 in the United States, assuming they can find anyone with spare metal to sell, according to Fastmarkets’ assessments.
Shanghai Futures Exchange (ShFE) tin prices have this week surged to the highest level since the contract was launched in 2015, suggesting that physical tightness is spreading to the world’s largest producer.
Expectations that global production would bounce back from its pandemic problems in the second half of 2021 are being rapidly adjusted.
LONG COVID
The tin supply chain is suffering a metallic version of long COVID with renewed lockdowns in Indonesia and Malaysia affecting the world’s second and third largest producers respectively.
Malaysia Smelting Corp, which last year produced 22,400 tonnes of refined tin, has declared force majeure after being forced to close its mining and smelting operations in early June.
The company was already struggling to meet customer shipments due to furnace problems at its older smelter. It warned in April it wouldn’t return to pre-pandemic output levels until the end of the year, a time-line that has likely just slipped again.
Indonesia, the world’s largest exporter of tin, has also been struggling to lift production despite the clear price incentive to do so. Exports slid 3% year-on-year to 26,900 tonnes in the January-May period, the slowest pace of shipment since 2016.
Renewed lockdowns across parts of the country suggest no imminent recovery.
CHINA TURNS EXPORTER
China has stepped into the rest of the world’s supply breach thanks to an export-friendly arbitrage window between the London and Shanghai markets.
The country exported 3,045 tonnes of refined tin in May, the highest monthly outflow since 2007. Cumulative net exports so far this year have totalled 4,200 tonnes, compared with net imports of 5,800 tonnes in the same period last year. (tmsnrt.rs/3yw3W09)
Exports under the “other articles of tin” trade code have also surged by 60% year-on-year to 1,800 tonnes.
Some of the refined exports have been heading to Taiwan, Singapore and Malaysia, which helps explain the recent uptick in stocks held in LME warehouses in those countries.
But much has been dispersed around the world to meet the needs of physical users. May’s total included shipments to Romania (80 tonnes), Turkey (59 tonnes), the Netherlands (50 tonnes), Italy (50 tonnes) and Poland (20 tonnes).
China’s switch to net exporter, however, appears to have tightened the domestic market, which is facing its own long-COVID production issues.
Tin stocks registered with the ShFE have plunged 63% from a March high of 8,853 tonnes to last Friday’s 3,260 tonnes.
ShFE time-spreads have tightened with premiums for nearby contracts extending along the forward curve through November 2021.
Local speculators have noticed what's going on. Market open interest has built rapidly in tandem with the rally to life-of-contract highs. (tmsnrt.rs/3hkxLuF)
It seems unfortunate timing for Yunnan Tin to take one of its two smelters down for annual maintenance, a supply interruption scheduled to last 45 days, according to the International Tin Association (ITA).
The company’s production has already been impacted by power-rationing due to drought in the hydro-rich province and by constraints on raw materials supplies.
Yunnan’s cluster of tin smelters source much of their tin concentrates from neighbouring Myanmar, where production and shipments are being impacted by renewed coronavirus restrictions.
A shortage of workers at mining and processing sites saw China’s imports of tin concentrates from Myanmar more than halve in May from April with cumulative flows down 9% in the first five months of 2021.
A smaller alternative stream of raw materials from Rwanda is also at risk as businesses are forced to reduce by 50% their workforces to slow the spread of the coronavirus.
SCARCITY METAL
The continued proliferation of supply hits means that earlier hopes things would normalise over the second half of the year already look to be wishful thinking.
The ITA is now forecasting a global supply deficit of 10,200 tonnes this year as faltering output fails to match a demand rebound fed by the home electronics sector.
Indeed, the Association is forecasting sustained deficits in the years ahead as tin usage gets a double boost from its usage in green energy transition technologies and the coming internet of things.
Tin is literally hard-wired - via solder - into everything that uses a circuit-board. The metal is, according to Julian Kettle, senior vice president of metals at research house Wood Mackenzie “the forgotten foot soldier of the energy transition”.
“Indeed, its use in electronics has the potential to make it a kingmaker in terms of the energy transition,” Kettle wrote in an April research note.
But only if there is sufficient supply of the metal, a real threat given the historic lack of investment in what was viewed as a niche metal until just a few years ago and the current producer trials and tribulations.
While other metals are buoyed by expectations of future tightness as the green revolution gathers pace, tin is already there.
This is a market that is already experiencing scarcity pricing, a situation that shows no signs of short-term resolution.
LONDON, July 7 (Reuters) - Copper may grab the supercycle headlines but it’s the tiny tin market that outperformed all other base metals in the first half of this year.
London Metal Exchange (LME) tin hit a decade high of $33,181 per tonne in June and is currently trading around $31,800, up by 51% on the start of the year. Aluminium, the second-best year-to-date LME performer is up by 25% and copper “just” 21%.
The LME cash tin price continues to command a significant $1,000-per tonne premium over the anchor three-month price, reflecting low inventory and chronic time-spread tightness.
Physical tin users are paying even more, up to $2,000 per tonne in Europe and over $3,000 in the United States, assuming they can find anyone with spare metal to sell, according to Fastmarkets’ assessments.
Shanghai Futures Exchange (ShFE) tin prices have this week surged to the highest level since the contract was launched in 2015, suggesting that physical tightness is spreading to the world’s largest producer.
Expectations that global production would bounce back from its pandemic problems in the second half of 2021 are being rapidly adjusted.
LONG COVID
The tin supply chain is suffering a metallic version of long COVID with renewed lockdowns in Indonesia and Malaysia affecting the world’s second and third largest producers respectively.
Malaysia Smelting Corp, which last year produced 22,400 tonnes of refined tin, has declared force majeure after being forced to close its mining and smelting operations in early June.
The company was already struggling to meet customer shipments due to furnace problems at its older smelter. It warned in April it wouldn’t return to pre-pandemic output levels until the end of the year, a time-line that has likely just slipped again.
Indonesia, the world’s largest exporter of tin, has also been struggling to lift production despite the clear price incentive to do so. Exports slid 3% year-on-year to 26,900 tonnes in the January-May period, the slowest pace of shipment since 2016.
Renewed lockdowns across parts of the country suggest no imminent recovery.
CHINA TURNS EXPORTER
China has stepped into the rest of the world’s supply breach thanks to an export-friendly arbitrage window between the London and Shanghai markets.
The country exported 3,045 tonnes of refined tin in May, the highest monthly outflow since 2007. Cumulative net exports so far this year have totalled 4,200 tonnes, compared with net imports of 5,800 tonnes in the same period last year. (tmsnrt.rs/3yw3W09)
Exports under the “other articles of tin” trade code have also surged by 60% year-on-year to 1,800 tonnes.
Some of the refined exports have been heading to Taiwan, Singapore and Malaysia, which helps explain the recent uptick in stocks held in LME warehouses in those countries.
But much has been dispersed around the world to meet the needs of physical users. May’s total included shipments to Romania (80 tonnes), Turkey (59 tonnes), the Netherlands (50 tonnes), Italy (50 tonnes) and Poland (20 tonnes).
China’s switch to net exporter, however, appears to have tightened the domestic market, which is facing its own long-COVID production issues.
Tin stocks registered with the ShFE have plunged 63% from a March high of 8,853 tonnes to last Friday’s 3,260 tonnes.
ShFE time-spreads have tightened with premiums for nearby contracts extending along the forward curve through November 2021.
Local speculators have noticed what's going on. Market open interest has built rapidly in tandem with the rally to life-of-contract highs. (tmsnrt.rs/3hkxLuF)
It seems unfortunate timing for Yunnan Tin to take one of its two smelters down for annual maintenance, a supply interruption scheduled to last 45 days, according to the International Tin Association (ITA).
The company’s production has already been impacted by power-rationing due to drought in the hydro-rich province and by constraints on raw materials supplies.
Yunnan’s cluster of tin smelters source much of their tin concentrates from neighbouring Myanmar, where production and shipments are being impacted by renewed coronavirus restrictions.
A shortage of workers at mining and processing sites saw China’s imports of tin concentrates from Myanmar more than halve in May from April with cumulative flows down 9% in the first five months of 2021.
A smaller alternative stream of raw materials from Rwanda is also at risk as businesses are forced to reduce by 50% their workforces to slow the spread of the coronavirus.
SCARCITY METAL
The continued proliferation of supply hits means that earlier hopes things would normalise over the second half of the year already look to be wishful thinking.
The ITA is now forecasting a global supply deficit of 10,200 tonnes this year as faltering output fails to match a demand rebound fed by the home electronics sector.
Indeed, the Association is forecasting sustained deficits in the years ahead as tin usage gets a double boost from its usage in green energy transition technologies and the coming internet of things.
Tin is literally hard-wired - via solder - into everything that uses a circuit-board. The metal is, according to Julian Kettle, senior vice president of metals at research house Wood Mackenzie “the forgotten foot soldier of the energy transition”.
“Indeed, its use in electronics has the potential to make it a kingmaker in terms of the energy transition,” Kettle wrote in an April research note.
But only if there is sufficient supply of the metal, a real threat given the historic lack of investment in what was viewed as a niche metal until just a few years ago and the current producer trials and tribulations.
While other metals are buoyed by expectations of future tightness as the green revolution gathers pace, tin is already there.
This is a market that is already experiencing scarcity pricing, a situation that shows no signs of short-term resolution.
identikit
Footballguy
Big League Chew
Footballguy
got in on VRPX @ 5.95
out around 6.80
couple thousand shares
out around 6.80
couple thousand shares
