OT: Stock and Investment Talk
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Blu
Tellurian entered into a binding letter of intent with institutional investor regarding the sale and leaseback of approximately 800 acres of land owned and/or leased by Driftwood LNG
I already have calls sold on 1/3 of my position, might take advantage of this move to sell more. $3 Jan calls can be sold for 15ish% of current price. I'd make out a small profit of those were to be called away.
Edit: Yeah, I did that.
Up 14% today on this news:
Tellurian entered into a binding letter of intent with institutional investor regarding the sale and leaseback of approximately 800 acres of land owned and/or leased by Driftwood LNG
I already have calls sold on 1/3 of my position, might take advantage of this move to sell more. $3 Jan calls can be sold for 15ish% of current price. I'd make out a small profit of those were to be called away.
Edit: Yeah, I did that.
FRC reports on the 13th. Down 80ish% from Feb levels. Could they possibly say something, aside from "we are going out of business", to make this go down more?
On the TTM that are on the record, it's P/E is 1.6x Price to book is .18x. Obviously these are outdated data, but they have priced in brutal earnings going fwd.
Can sell the Jul 2024 $30 strikes for $3.60.
On the TTM that are on the record, it's P/E is 1.6x Price to book is .18x. Obviously these are outdated data, but they have priced in brutal earnings going fwd.
Can sell the Jul 2024 $30 strikes for $3.60.
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That's where it held before the FDA approvals (when it was literally days away from running out of money). As I mentioned before, those 2 FDA approvals have significant value for the company (and a possible purchaser). The big huddle for a purchase is the fact that LVV gene therapy is complicated as hell. The science and logistics are insane. Not many other companies are prepared to enter this space. AAV gene therapy is must easier to deal with.
this is funny. Maybe just change Tesla’s logo with a dog.
I’m speculatively long it but have heard that they are continuing to bleed advisors and 8 figure accounts.
Nat gas touched under $2 for a moment, then settled just above. Didn't pull the trigger on a BOIL trade yet. The last two times nat gas broke the $2 barrier it rallied for a bit. Maybe on Monday! :)
We have some nat gas plays in our managed backdoor Roth accounts, but small ones.....AR, ET, AMLP. Recently started a small position in RONI, which is a pre-merger spac play but has some experienced backers and potential game changing tech (Net Power). Once again, our Roth accounts are the only ones we have managed by an advisor. These include a 12% allocation for energy and material plays.
BOIL would be short-term play. Learned a lot about nat gas over the past few months. Crazy stuff! :)
I read states are allowed to have gold and silver tender, but can’t mint their own currency. I guess they would argue this is just a form of bullion trade.
Futures and yields ticking up after an in-line unemployment report. Probability of a rate hike next month jumped 20% on the news.
www.cmegroup.com
CME FedWatch Tool - CME Group
Count down to the next Federal Open Market Committee (FOMC) rate hike with the CME FedWatch Tool, based on the Fed Funds target rate. View the tool.
+1Futures and yields ticking up after an in-line unemployment report. Probability of a rate hike next month jumped 20% on the news.
CME FedWatch Tool - CME Group
Count down to the next Federal Open Market Committee (FOMC) rate hike with the CME FedWatch Tool, based on the Fed Funds target rate. View the tool.
Pretty meh jobs report. As expected. Next round of inflation prints will rule the day on the future Fed pause.
Even towns, local communities can create their own money as long as it doesn't imitate/resemble US currency.
Local currencies were popular during Great Depression and Civil War.
Of course the fed/state govs wont accept local currencies for taxes etc but if a community accepts the local money it can take root. Time to create scarlet ducats maybe
Community Currency: Meaning, Example, Pros And Cons
Community currency is a form of paper scrip issued by private entities or community organizations for use at local participating businesses.
Nat Gas itself is a widow maker. Gotta zoom in closer than 1-year to see the benefit of BOIL. Timing a Nat Gas pop is the key.....along with a tight stop loss order. LOL!
Well the Fed philosophy is to raise rates until something breaks. Credit contraction is much better thing to happen first, when compared to rising unemployment as the first thing that happens.
Less credit, less economic expansion.
More expensive credit, less economic expansion.
Less economic expansion, less competition for raw material and less competition for labor.
We now have the most inverted yield curve in history (The 3-Month Treasury yield is now 1.61% higher than the 10-Year Treasury yield)
Chris Martenson did a video about France
Its scary how manipulated the "news" is.
All identity kook news while world goes sketchy
Fed will hike 25 bps next meeting. No cuts til well into '24.
You must be under the belief that a recession is coming. T2K said it already came and went.
I tend to agree with you and slowly reducing my exposure in equities, way too many are close to their recent high. Been able to do very well in this environment.
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Inflation will prove to be sticky. Fed on data watch, and it'll drive their decisions. Gas price at the pump is rising again, fairly quickly. Still seeing consumer goods/staples pricing edging up, but slowing. Fed terminal rate could go 5.75. So a few more raises, followed by a looong pause. Earnings will take a hit. Equity valuations to adjust. October lows retested in June-August. As for recession, yes, may have come and gone, but will return. Hoping for a shorter and shallower encore, but could be longer and deeper. The only certainty is uncertainty. Thoughts... not guidance.
There is simply nothing positive in the economy at the moment. The Fed wants to destroy the stock market. Banks had to be rescued and lending has crashed. Housing is a mess mainly because rates high, home prices still too high, inventory nonexistent. Autos are a joke = go try and buy or lease a new/used car. And all of the businesses that were crying that COVID destroyed them and took free gov’t money have now jacked up prices and are doing better than ever. That’s one of the things that pisses me off the most. I know too many people that took gov’t money only to turn around and buy toys like a Lamborghini, in-ground pools, home remodels, etc. Did the gov’t even verify whether businesses needed the handout? Anyway, I digress mainly because everywhere I go now it’s hard not to feel like I’m getting ripped off.
As rates go up, the bond market and yields will keep going down. So what's the point when the market gives the Fed the middle finger? LOL.
Inflation is only "sticky" in the awful gov'ment metrics, not reality (smart money knows this). Oil is still lower than pre-Putin, bears have been warning about earnings for 4 quarters now (and FYI, stock prices historically bottom 9-10 months BEFORE earnings bottom), and we already had the recession.
Got anything else? :)
I tend to agree…and people continue to spend as credit balances are increasing. I also find that people under 30(ish) have zero sensitivity to the price of just about anything. There are generations that could care less what something costs and will simply pay up without giving value a second thought. Not that high school kids are a good measure of rational spending but $20 lunch at Chipotle/Starbucks seems like the norm in my area.
Check out your guys on the latest entry of "The Compound." They're echoing what many other folks are saying: a rough patch ahead. But... your money and your choices.
For those paying attention, jobless claims have been revised way up. It is now obvious what the Fed has been worrying about regarding the job market isn't even true.....just like this mystical inflation they keep talking about. Breathtaking how dumb the Fed is.
Making fun of the Fed with uber-Bear Tony Dwyer (starting at 21:50):
@RUinPinehurst - another great clip for you starting at 36:40.....Fed already raised rates 100bps too high. :)
Making fun of the Fed with uber-Bear Tony Dwyer (starting at 21:50):
@RUinPinehurst - another great clip for you starting at 36:40.....Fed already raised rates 100bps too high. :)
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