I think we're well past the tipping point though, don't you?This is typical un winding of larger positions. Selling into strength.
Yes i think we are off the chair lift staring down at the bottom.I think we're well past the tipping point though, don't you?
So is anyone in this thread still holding aside from value collector?
That's serious bickies, obviously a vote of confidence, or a long term horizon.picked up another 5k at 14.05 today ?
That's serious bickies, obviously a vote of confidence, or a long term horizon.
I will hang off, as I don't have any, so dollar cost averaging isn't an issue.
But I do intend to get some, I like the way twiggy is thinking, as long as he doesn't step on too many toes, it should be all good.
Yank futures have just kept dropping all day and europe's opened into a bloodbath with U.S futures just still dropping by the hour (Nasdaq now 1.4% and still going) so yeah, I wouldn't expect any green tomorrow.
You're in falling knife territory IMO.
yes i am , but i have only started buying in recentlySo is anyone in this thread still holding aside from value collector?
that price range would tempt me to add to my holdingI tend to work on long term averages, so looking at the long term trend, nothing much has happened apart from the virus.
Working on the principle, that the market had already factored in the debt paydown, I'm hoping on an entry between $9 and $12.
So is anyone in this thread still holding aside from value collector?
I'm guessing the accident causing one mans death is a factor as well.I tend to work on long term averages, so looking at the long term trend, nothing much has happened apart from the virus.
Working on the principle, that the market had already factored in the debt paydown, I'm hoping on an entry between $9 and $12.
Oh yeah the IV would be absolutely savage now, once the EMA's, MACD etc have been busted the plummet is well & truly priced in.not directly, but i did take a punt on a mid term recovery using a diagonal call spread, though not the one i described earlier, MMs just wouldn't give me a good fill on that one. ended up selling the oct 7 $15.50 weeklies & buying jan '22 $19s for a 10c credit. even that wasn't a good fill either as it was several ticks their side of the mid, but pushing the near leg out a week meant that it could be done at modest credit, which i find psychologically important for this sort of spread.
not a lot of action on the jan contracts at the moment, it seems that i still hold the entire open interest on the jan $19s, which, barring a surprise massive rally, will be on the house after tomorrow's close. near leg is quite a bit further OTM than i'd like, but if we get another bounce like the one sep 21-22-23, i might stick on another similar spread, maybe push the far leg out to feb if there's liquidity out there. delta and tenor skews are still very much in effect, 3-4 month ~25 delta calls trading in the low 40s, weekly/2 weekly ATMs mid-high 50s.
i don't have all that much confidence in a strong recovery TBH, but hey if i can eke out some free bets like these, might as well take them and see what happens.
https://www.smh.com.au/business/com...bon-target-for-customers-20211005-p58xa6.html
With all the woke bright investors behind, the sky is the limit?
Absolutely... Twiggy earned those divs... but he was all whinging about carbon capture and the spending of 250M dollars for the technology...by the government...$250 million is probably more than i can waste in the rest of my lifetime , but if Twiggy can spend some of that on successful projects , it probably hasn't been wasted
and Twiggy has earned those divs , just like any other shareholder , good for him
Wait a second.. He is talking about making Ammonia or Hydrogen using solar power...have you studied those costs... There are serious engineering problems. The cost to make ammonia or hydrogen using solar power is also economically nonviable. Having the dream to create green steel is wonderful but creating a product that costs a great deal more than what other people will be producing the same product for is bad business.Dat I suggest your comment misses the point. Twiggy was noting the engineering and environmental stupidity of supporting Carbon Capture as a response to reducing CO2 emissions. He is one of the few industry leaders who understands how serious the CC problem is and the need for super fast action in the right directions. He and everyone else in the power industry realise that :
1) Carbon Capture programs have had serious engineering problems to date
2) In almost all case the additional cost to production just makes the whole process economically nonviable. It is simply far more effective to build a wind/solar plus storage facility
There may be a few industries that can catch and store CO2 in a viable way. But not the ones being supported.
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