They are the OG pumpers! :)
I remember all of those gold ads during the financial crisis of 08/09.
OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
I remember all of those gold ads during the financial crisis of 08/09.
Early summer a gold guy was saying wait until the fall. Here we are. I own jnug. Down a bunch. Hoping go time is near.
RIVN and PSNY both up significantly the past couple days. While TSLA is down like 5 straight. I find that interesting.
I traded RIVN well just before earnings. Sold again today for a decent little profit. See if it comes back to me again.
I traded RIVN well just before earnings. Sold again today for a decent little profit. See if it comes back to me again.
Interesting.....JNUG vs. NUGT. Any thoughts? Miners or junior minors.
Mark Newton is optimistic that OCT will be a good month for metals based on technicals and yields finally calming down. However, still a week or so before the possible rally.
I want to buy more RIVN, but have been waiting for it to get under $20. Not giving me an opportunity to buy yet!
Finally started a DIS position, got in at $79.5'ish. Very small, so let's see how it goes.
I went jnug for the beta, which has bit me in the ass till now but hopefully rewards me going fwd.
Probably a good idea to dump I bonds regardless of what you do with the money. Almost every investment option is better.
I-Bonds may be a better investment than MULN. LOL! Seriously, hope you get a nice pop and can make something on the position. Something really weird is going on with folks shorting it. Seems like there is a lot of manipulation by both sides.
I’m down around the same on MULN. Small position but still pisses me off.
It's been a good firm support in the past but I wouldn't be surprised if it breaks considering the sentiment of the market recently.
Restructuring on the scale they are isn't always pretty either.
You can always put a stop loss under this support level in case it does break to the downside and limit your risk. If it bounces off then you're fine too.
My thesis is DIS has had the max sh!t dumped on it already. Max fear, max bad news, kitchen sink earnings last report, etc. So, anything remotely positive or just potentially positive will cause a rally. It feels like a company the media wants to turn into the next comeback story (after dumping in it for the last year). The media likes to do such things. LOL!
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Can I ask you guys a question? When it comes to these micro cap companies, what type of research do you do on these companies? Where do you get reliable information?
MULN was $15,000 a share and is now .42 ?
They just got the IRS approval and made their first delivery of trucks.
They just got the IRS approval and made their first delivery of trucks.
For me, I normally use the information on Fidelity (which includes short positions), Morgan Stanley reports from E-Trade, and published IR materials on the company's website. MULN is probably a unique micro cap and has a lot of coverage. As I mentioned before, lots of things don't add up with MULN, likely due to serious manipulation.
Do you have any thoughts on MULN?
PCE core comes in soft, on a glide path to <2%.
thehill.com
Fed’s preferred inflation gauge rises 0.1 percent in August
The Federal Reserve’s preferred inflation gauge increased by 0.1 percent in August and fell to a 3.9 percent annual increase, continuing a steady fall since April, the Commerce Department rep…
thehill.com
I don't have any personal thoughts on MULN. Just a cursory check on the company is concerning. They reverse split their shares to stay listed on the Nasdaq, but still lost 90% of their value after that. I almost never invest in a micro-cap company unless I go and visit the company myself. Lot's of frauds out there in the micro-cap/pink sheets/penny stock arena. EV industry is very hot right now and I find it hard to believe that a company that is putting out actual products would be a micro-cap company. Something is not right here.
MULN is a strictly speculative play. They just delivered some trucks. They have a deal with NY Power Authority and British Airways. They bought Romeo Motors for their battery technology for a pittance. They recently received EPA approval so they are eligible for the $7500 tax credit.
There's a lot of naked short selling for which MULN is suing TDAmeritrade, Schwab, and some others. If you google finANCIAL JOURNEY (caps on purpose), there's a daily short You Tube video by a Canadian who follows them closely and has interviewed the CEO, buyers and even the legal team involved in their suit.
I don't know where this stock will eventually go but there is demand for their vehicles, the specs look good, and deliveries have begun. That's the jist of my knowledge about MULN.
There's a lot of naked short selling for which MULN is suing TDAmeritrade, Schwab, and some others. If you google finANCIAL JOURNEY (caps on purpose), there's a daily short You Tube video by a Canadian who follows them closely and has interviewed the CEO, buyers and even the legal team involved in their suit.
I don't know where this stock will eventually go but there is demand for their vehicles, the specs look good, and deliveries have begun. That's the jist of my knowledge about MULN.
I agree that many things look/sound good with their EVs and production, just don't understand the price action of their stock. Fidelity shows that 16% of shares are held in short positions. This is a large amount, but plenty of companies have more (in the 30-40% range). Also, MULN's cash position seems to be twice their market cap. It just doesn't make sense.
Good points, but when it comes to these penny stocks, you can’t trust anyone, let alone a YouTuber. Gotta go and see what is going on there yourself. There is an almost always a reason why things are bad. MULN may buck that trend but need to find out for yourself
It doesn’t matter anymore. The market is doing the Feds job and rates have spiked.PCE core comes in soft, on a glide path to <2%.
Fed’s preferred inflation gauge rises 0.1 percent in August
The Federal Reserve’s preferred inflation gauge increased by 0.1 percent in August and fell to a 3.9 percent annual increase, continuing a steady fall since April, the Commerce Department rep…
MULN purely a spec play for me. My investment approach with MULN is one step better than the craps table in AC. I’ve done some research but no clue where this one ends up. I don’t make these plays often.
The turnaround will be swift and brutal (for the bears trying to time the market). It's all about inflation. The market will explode once folks realize what the data means (just like it happened earlier this year).
CPI and PCE core are coming down nicely and are on a glide path to 2% (by early 2024). Fed declares victory, starts cutting rates back to neutral.
Market = Kaboom
But don't wait for the Fed announcement. The market is forward looking 6-9 months.
10 year tsy just went up 45 bps this week. How’s that for forward looking? Fed will cut rates when the market tanks. No need to be early.
Just a general question. Do any of you think the Fed will leave rates alone (i.e. cut them) in an election year? I can't see the Fed doing anything to hurt the party in power, be it Dem or Rep, by affecting the economy in an election year.
Scared people doing scared people things. Watch it come down just as quickly. You already missed a 20-40% market rally with that attitude (S&P and Daq).
They will cut rates in an election year, not raise. The current WH controls their next jobs/appointments whether back to the Fed or somewhere else. It's a political process.
My purchases in 2022 are the main reason why my personal account is up 100%+ YTD in 2023.
You could be up more if you waited. I have moved my fun account to DraftKing. This wasn’t doing it for me.
I almost bought more TQQQ/tech in late December, but waited too long and things took off in Jan. Oh well, can't be perfect!
Powell is the only one that matters and he is worth $150 million. You think he cares about his next political appt. LOL.
Yup. He got bullied into cutting rates in 2019 by Trump and then into his hawk pivot in late 2021 (which will literally announced hours after meeting with Biden regarding his reappointment). LOL!
Exactly. He pivoted after his reappointment. He told Biden what he wanted to hear to get reappointed. He is not cutting unless something really bad happens in the banking system.
Also, when he pivoted in 2018 we were still tied to Libor. SOFR is the law of the land now. The game has changed.
No, Biden told Powell that he had to pivot in order for him to get reappointed. After the pivot press conference by Powell, then Biden make the reappointment to Senate and the process took a few weeks.
Rate cuts coming soon, as core inflation hits the Fed target.
As reported. Powell is as political as it gets. Facts can't be disputed. And what will he do if you know who may return to the WH? He may cut 10 times in 2024 to juice the Biden economy. :)
