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Showing posts from May, 2022

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Step Down Charts And Short Term Options. Nio

Here is a classic "step-down-chart" with one minute of daytime trading life left in them before the markets close at 4:00 p.m.. The stock is Nio. ... This printout of "in-the-money" Call option also shows one minute of trading life in them before the market closes. It's Tuesday and these Calls expire this coming Friday. You are purchasing three days of market trading life. To purchase one thousand shares of this stock would cost you $5,750.00. To purchase options that control the price movement of one thousad shares of this stock for three trading sessions would cost you $370.00. ( Ten contracts at $.37 each). These Calls are also currently $250.00 "in-the-money" which means if the stock totally goes flat for the next three days your options will still have that amount of intrinsic value left in them. Now think about this. Many option accounts in the U.S. enjoy free option trading and there are discount brokers in Canada who can save you money. A fl...
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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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