"Wake me when December ends?!?"
Gonna be a lot more of this see-saw stuff in the near-term ...
Gonna be a lot more of this see-saw stuff in the near-term ...
Dec 1st, 2021 1:13 pm
Dec 1st, 2021 1:17 pm
Dec 1st, 2021 1:30 pm
Dec 1st, 2021 1:45 pm
Dec 1st, 2021 1:58 pm
It depends on timing but the window is closing fast. The company did poorly in defending its claims against the short seller in the first place. Then their earnings report didn't do anything in terms of performance to hit back at the short seller but rather strengthen certain key points that the seller was making. With the above two points, the momentum got knocked out of the stock. Normally, a stock can recover from this as long as the macro picture keeps chugging along (think LULU and how it was knocked around in the $60's down to the $40's...) and the business recovers with strong numbers and people forget about the short seller.
Dec 1st, 2021 2:03 pm
If your theory holds, I would go with HCAL over ZEB due to the extra 25% leverage used. Over the past year, the actual price performance has been the same (1/2 point difference with HCAL on top). The difference comes at the distribution side of things - 3.1% for ZEB vs 5.39% for HCAL - according to their websites. Now if the banks actually move upwards (which they should), in theory, HCAL with the additional leverage should see more upside.
Dec 1st, 2021 2:04 pm
It may. The next leg down for the markets may be when Omicron is detected in the US.Capt. wrote: ↑ Well, you did better than me on it, so far at least. Still holding and down about 4% I believe. I'm planning to keep it and see how the story plays out in the LT.
Also considering backing up the truck to load up on MFC. Currently yielding 5.78% at today's closing price. I'm wondering if I can get it above 6%, ie. sub $22
Dec 1st, 2021 2:05 pm
Dec 1st, 2021 2:07 pm
NG is really a call on the weather. Since we haven't had a cold snap in North America yet, NG is selling down. If we don't get one soon, we will see NG take another hit even if a cold snap hits early next year.
Dec 1st, 2021 2:13 pm
Dec 1st, 2021 2:17 pm
Yep. I wouldn't buy until I see a 10% increase from the recent lows so that the bottom is more or less confirmed - ie from the lows here $67 but if it goes down to $50, then $55.R8247 wrote: ↑ My god the 3M LSPD chart is ugly.
Was looking for entry. At this rate may as well as wait for sub $60 and see how that plays out.
Diving off a cliff literally.
1st cliff - short seller report
2nd cliff - poor earning
3rd cliff ish - Omicron / broader market weakness -> risk off
What's next ?
Dec 1st, 2021 2:20 pm
Dec 1st, 2021 2:23 pm
Ya agreed. Need a (semi) confirmation that the bottom is in.craftsman wrote: ↑ Yep. I wouldn't buy until I see a 10% increase from the recent lows so that the bottom is more or less confirmed - ie from the lows here $67 but if it goes down to $50, then $55.
The funny thing is that LSPD went up massively due to the initial COVID moves... now with Omicron, it's going down further. Not good price action.
Dec 1st, 2021 2:24 pm
Might be the way of the broader markets too. We are way more inflated than we were. Remains to be seen.craftsman wrote: ↑ Yep. I wouldn't buy until I see a 10% increase from the recent lows so that the bottom is more or less confirmed - ie from the lows here $67 but if it goes down to $50, then $55.
The funny thing is that LSPD went up massively due to the initial COVID moves... now with Omicron, it's going down further. Not good price action.
Dec 1st, 2021 2:25 pm
Dec 1st, 2021 2:25 pm
Dec 1st, 2021 2:30 pm
LSPD's current price action isn't moving with the likes of SHOP which is the normal association - ie people talk about LSPD as a baby SHOP. Even today, LSPD is down BIG in comparison to SHOP under the same macro economics. Remember that LSPD went up BIG along with with SHOP initial when COVID was announced.Blubbs wrote: ↑ Might be the way of the broader markets too. We are way more inflated than we were. Remains to be seen.
Today's bump is now essentially erased. And still trending downward?
I don't know why the market would react to the US Omicron case. You'd have to be an idiot to think it wasn't already in the US. I wonder if again, it's the general malaise plus the Yellen / JPow speaking points.
Dec 1st, 2021 2:32 pm
It's interesting to watch the algos at work. Just hard bounced off turning red and popping again. This volatility reminds me of quite a while ago.craftsman wrote: ↑ LSPD's current price action isn't moving with the likes of SHOP which is the normal association - ie people talk about LSPD as a baby SHOP. Even today, LSPD is down BIG in comparison to SHOP under the same macro economics. Remember that LSPD went up BIG along with with SHOP initial when COVID was announced.
As far as the general market moves, that's just how it is. I completely agree with you that unless you were living under a rock, Omicron in the US was a forgone conclusion and should have been priced in. However, I don't think the algos in much of the computerized trading had been adjusted to price it in yet.
Dec 1st, 2021 3:01 pm
Yes, agreed that any investor that did not already realize that Omicron would be coming to the US is naive and foolish. The market is very jittery now and not trading on logic. Everybody is waiting for a bottom but it's not gonna be obvious when it is. One day there will be a huge rebound as well, it may happen for Energy after the OPEC+ meeting ends.Blubbs wrote: ↑ Might be the way of the broader markets too. We are way more inflated than we were. Remains to be seen.
Today's bump is now essentially erased. And still trending downward?
I don't know why the market would react to the US Omicron case. You'd have to be an idiot to think it wasn't already in the US. I wonder if again, it's the general malaise plus the Yellen / JPow speaking points.
Dec 1st, 2021 3:02 pm
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