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Walmart Again

On Monday I did a blog on buying this week's Call options on Walmart for a morning move. Today is now Thursday and there was a big sell off in the markets yesterday. Tesla sold off for example and here is what happened to it. Today it is slightly rebounding as are so many other stocks. Thursdays however as oftened mentioned in recent blogs are not a good time to be purchasing one day options on stocks that expire the next day. Times change. In less chaotic times that's not always case. In the last few years there would be known upcoming Friday morning events like the release farm payroll numbers or other economic readings that would move the needle on the markets going up or down on on a Friday morning. In those markets it paid to get into option positions before the closing on a Thursday to get out on the Friday morning bounces were caused by the release of these premarket reports. So how is any of this revelant to Walmart's trading today? Well, there was a whole bunch o...
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Odd Burger... Symbol "Odd.V"

A London Ontario, Canada company. A dollar a share listed on the Vancouver stock exchange. Low daily trading volumes. A vegan fast food chain with plans to open 20 restaurants in the next year. Visit their website and check out their menu, or better yet try it out. Go to Sedar.com and read the 'management discussion analysis" for the nine months ending June 30th. 2021. My notes. Lost $3.5 million in the last nine months (a huge amount of money), revenue $257,401 for the quarter, spent in excess of $2.5 million in listing expenses and $422,954 in professional fees (I have heard of other companies exiting the Vancouver Market to go off to the Nasdaq). To be in business now costs big numbers, wages $391,835 for the most recent quarter verus $6,569 for the quarter before it. How could that be? Investors can't be happy with the irregularites with these kind of numbers. This is a start up company. What a scramble. Might they be overly optimistic in their rollout plans because of Covid? A hundred different questions need to be answered. Will there be a line up of new customers at their front doors twelve hours a day trying to discover what they have to offer? That's what is needed to be successful. So much to consider. Such a limited operationing history and so much money flying out the door in organizational costs. Can these monies be recouped and were these monies spent prudently? What a gamble in trying to go public so early in the game. What is the short position in this stock?
Do your own homework. Walk away if some of the red flags I just mentioned bother you. The end.
***AN APRIL 14TH UPDATE. Here is a now current chart and now current news. It's not good.
This kind of a private placement is something I would call "double dipping". It's not what I like to see.

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