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Old 06-27-2016, 11:23 AM  
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Old 06-25-2020, 02:08 PM   #5476
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IBIO's making me horny

strong support building at 1.60 levels
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Old 06-25-2020, 02:50 PM   #5477
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Old 06-25-2020, 03:13 PM   #5478
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Originally Posted by Hammock Parties View Post
IBIO's making me horny

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Lol what?

It’s closed below $1.60 literally every day this past 2 weeks....last time it closed above $1.60 was June 4th.....that’s not support.
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Old 06-25-2020, 03:14 PM   #5479
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strong finish to the day, nice bounce off of the 200 SMA
Great finish.

I’m optimistic we see a few weeks run up.
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Old 06-25-2020, 03:18 PM   #5480
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Great finish.

I’m optimistic we see a few weeks run up.
Meh, we're in a bit of a trading range here and you are going to see selling at the end of the quarter as managers re-balance their portfolios. Plus people are going to start preparing for the election and the media is doing their best into scaring the country back into a shut down partially because of said coming election.

For all intents and purposes in a longer term view this is still a bear market rally.
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Old 06-25-2020, 03:19 PM   #5481
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Meh, we're in a bit of a trading range here and you are going to see selling at the end of the quarter as managers re-balance their portfolios. Plus people are going to start preparing for the election and the media is doing their best into scaring the country back into a shut down partially because of said coming election.

For all intents and purposes in a longer term view this is still a bear market rally.
Agreed on the last part. I think a short term rally continues before a bear returns. I’m profit taking in chunks.
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Old 06-25-2020, 03:22 PM   #5482
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Agreed on the last part. I think a short term rally continues before a bear returns. I’m profit taking in chunks.
Got a run maybe up to 3140 and possible 3230 on the SPX if we stay in this range.
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Old 06-25-2020, 03:28 PM   #5483
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Lol what?

It’s closed below $1.60 literally every day this past 2 weeks....last time it closed above $1.60 was June 4th.....that’s not support.
It's currently at at 1.79. HOW THAT HAPPEN?!
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Old 06-25-2020, 03:36 PM   #5484
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It's currently at at 1.79. HOW THAT HAPPEN?!
That still has nothing to do with “showing support” at $1.60.
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Old 06-25-2020, 04:09 PM   #5485
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That still has nothing to do with “showing support” at $1.60.
I've been watching this stock every day for weeks. People keep buying in the 1.50s and now it's building in the 1.60s. Trust me, it has a shit ton of support.

It's been very slow and steady for a long time now.

This won't fall past 1.60 for weeks.
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Old 06-25-2020, 04:54 PM   #5486
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You guys are hilarious. You have seen IBIO jump primarily because it is joining the Russell indices as of COB tomorrow as part of the annual rebalance of the index. Tomorrow and Monday will be huge days because literally 8 trillion in funds are based on the Russell 2000 index. Selling AH tomorrow or on Monday is probably the play.
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Old 06-25-2020, 04:56 PM   #5487
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You guys are hilarious. You have seen IBIO jump primarily because it is joining the Russell indices as of COB tomorrow as part of the annual rebalance of the index. Tomorrow and Monday will be huge days because literally 8 trillion in funds are based on the Russell 2000 index. Selling AH tomorrow or on Monday is probably the play.
Just a clarification that "you guys" = Clay. He's the only one here who keeps hammering one particular stock he's hung his hopes and dreams on.
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Old 06-25-2020, 04:58 PM   #5488
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Similarly, I sold puts on FSLY and SPCE to take advantage of the same rebalancing.
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Old 06-25-2020, 05:03 PM   #5489
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Just a clarification that "you guys" = Clay. He's the only one here who keeps hammering one particular stock he's hung his hopes and dreams on.
Not so. A small part of my pie.

That is about to be so, so tasty.
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Old 06-25-2020, 05:33 PM   #5490
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Just a clarification that "you guys" = Clay. He's the only one here who keeps hammering one particular stock he's hung his hopes and dreams on.
You are right, my apologies for casting a wide net.
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