So I just looked into this. The MSFT options were
purchased in March 2020, not March 2021. Also,
exercising the options prior to the announcement of the deal is a
stupid move. Option value would have soared compared to
stock value. I don't think there's a story
here.
Textbook patterns - I see a lot of posts here about "textbook
cup and handle" and other patterns so I thought it might be useful
to post the actual textbook definition of a {C&H} by the man
who identified it, William O'Neil:
1. The C&H is a continuation pattern and forms during an
uptrend.
2. It should form above the 200 dma
3. The cup should be a "U" shape, not a "V"
4. The bottom of the cup should be no more than 35% below the
previous high
5. The bottom of the handle should be no more than 15% below
the previous high
6. The cup + plus handle pattern should be at least 7 weeks
long
7. The length of the handle should be a minimum of 1 week
8. Volume should dry up in the handle phase.
This pattern and more are defined in his book How To Make Money
In Stock - a highly recommended read.
Wow. That's startling. Lead me to read other
articles on this, one of which said "researchers at the University
of New Mexico has put a price on that pollution,
estimatingin a paper
that every dollar of bitcoin value mined accounts for 49 cents'
worth of health and climate damage in the U.S". That sounds
unsustainable to me.
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Write down why you bought
Market is green? I wouldn't know because the only thing ...
Posted by z0ned on 16th of Apr 2021 at 01:19 pm
Write down why you bought it, then after you sell come back and review your reasons for purchase and learn what worked and what didnt.
So I just looked into
Updated Views
Posted by z0ned on 14th of Apr 2021 at 07:47 am
So I just looked into this. The MSFT options were purchased in March 2020, not March 2021. Also, exercising the options prior to the announcement of the deal is a stupid move. Option value would have soared compared to stock value. I don't think there's a story here.
Cracks me up to think
Updated Views
Posted by z0ned on 14th of Apr 2021 at 07:41 am
Cracks me up to think that there's a government committee sitting around discussing RBLX :)
UBER daily coil
Posted by z0ned on 7th of Apr 2021 at 07:39 pm
UBER daily coil
Textbook patterns - I see
Posted by z0ned on 6th of Apr 2021 at 09:03 pm
Textbook patterns - I see a lot of posts here about "textbook cup and handle" and other patterns so I thought it might be useful to post the actual textbook definition of a {C&H} by the man who identified it, William O'Neil:
This pattern and more are defined in his book How To Make Money In Stock - a highly recommended read.
Yes - quick 50% on
Noticing some call buyers on DDOG
Posted by z0ned on 6th of Apr 2021 at 11:33 am
Yes - quick 50% on options trade - thanks for sharing Steve!
Bullish 5min stoch indicator primed
Posted by z0ned on 31st of Mar 2021 at 02:10 pm
Bullish 5min stoch indicator primed on QQQ after ABC pullback...
Wow. That's startling.
Bitcoin Rally Stirs BofA Alarm on ‘Enormous’ Surge in Energy ...
Posted by z0ned on 23rd of Mar 2021 at 10:12 am
Wow. That's startling. Lead me to read other articles on this, one of which said "researchers at the University of New Mexico has put a price on that pollution, estimatingin a paper that every dollar of bitcoin value mined accounts for 49 cents' worth of health and climate damage in the U.S". That sounds unsustainable to me.