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This One Is Too Nervous To Watch. Pfizer

This is a short blog full of twists. Try to get through it. First a five day chart of Pfizer. chart. In the past week it was up $1.05 and it was the 7th most activity traded stock on the NYSE most active list. It's in a breakout mode. Look at how it traded over the last three years. This breakout mode might last a few days, weeks or months. This stock has a history of moving somewhat slower than most stocks. A second quarter earnings report comes out July 30th. If it's good that could add a touch to the stock's price. Now this. As a general rule stocks and options on stocks in this particular price range are difficult to play and in this case everyone is following the same story. Fred down the street and John around the corner and Mark across town are all dialed into the same commentary. There is nothing that really gives you an edge when it comes to playing it. That's the problem. Here now is a look at the Pfizer "next-week-out" $30.00 series of Call optio
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Sundial and the Lazy Way To Play The Markets

In a blog of May 8th I talked about the bizarre number of shares outstanding in Sundial. It has 2.4 billion shares outstanding and the company is sitting on over one billion dollars in cash. Thats crazy for a penny stock. Back in late 2020 it was a meme stock and traded upwards of three billion shares per day! Now its a stock some traders use when the markets are extremely oversold and bounce 500 points on an opening like it did this morning.
Look at this mornings action.
Over 33 million shares trade by 10:49 a.m. in the morning. A $30,000 investment on Friday would be worth $34,000 this morning. It may sound like a crazy way to try and make money however the liquidity is there. As for options on this stock there are some however they start with a striking price of $.50 cents and then $1.00 and $1.50. What that means is that many of these series are to far "out-of-the-money" to be playing. Once again, this is a playable stock in extreme oversold positions like we witnessed today. Yet playable in simply purchasing the stock and now the options on it. Stocks in this price range often stay dormant for years. Read my May 8th blog. Having a legacy of being a meme stock helps to give this stock an unusual status.

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