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Showing posts from May, 2022

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Eli Lilly

When a stock drops over $50.00 in the first three hours on trading one a day and when the DJIA index is up can you play it for a one or two day partial rebound? $9.00 or nine hundred dollars gets you in. That's the question now being asked and based on the number of new Call contracts being purchased the answer is probably no. As of 11:50 a.m. I can't find any news to explain this drop. Now this, if you just came off a morning gain from trading Tesla Calls, see my last blog might you be willing to part with some of these winnings? This could be another short term opportunity given that the D.J.I.A is so strong. Lets check out the action in thirty minutes. The stock is up $3.81 and the Call options went from $9.00 to $11.80 in thirty minutes. Do you take the money and run? Very few traders are speculating in this series of Calls. There is the danger that in this kind of situations that a second shoe could drop at any minute. Yet the DJIA continues to remain positive. That sho...
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Sundial And 2.4 billion Shares Outstanding

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Back in 2019 when this Canadian stock went public (Symbol SNDL) it traded for eight dollars a share. It didn't stay at that price level for very long. Look where it is at now and look at how it continues to slide downwards. Does it look like its going to turn around in the near future? The companies CEO seems to think so given what he says but in 2021 they lost $232 million and their sales were flat. It'a Calgary based company with 580 employees (2021) trying to dance to the changes in the marijuana industry. You see marijuana companies are scrabbling to find new ways to sell their product. Growing it is now not the issue. Being able to find channels of distribution to move the product is now the difficult part. Everyone talks about building "brand recognition" but for a number of reasons including packaging and advertising restrictions it's difficult to differentiate yourself from your competition. Thank goodness for most major growers, in this industry the ...
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Nasdaq Rules About The One Dollar Level. A Quick Interesting Read

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When I was reading about "Sundial", a Calgary based marijuana stock I came across these rules and how they are applied. Watch for a future blog about Sundial, a stock with 2.06 billion shares outstanding.
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