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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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Mullens Again - Dangerous Unknows

I am coming off a $100.00 gain on Mullins an electric vehicle company I recently talked about. It's a hot potato. Some might say $100.00 is just a piddle. Here me out.
Here is the trade I did, this time in stock, not options. "In and Out" in one day and out at 6:01 a.m. Why was I up so early? I was in a tent in the dark during a rainstorm camping on the other side of the world when everyone in that campsite was sleeping. I caught a small bounce. Getting out in the premarkets got me out near the top of the day, higher than what the stock traded for on the 9:30 a.m. opening bounce. One of the things I noticed about playing this stock is that they show you premarket bids and asks. That can be a bonus. Premarket trading can sometimes be your best friend. My sell ticket was "at market" and on the purchase I specified the purchase price. "At market" is not scary with stocks trading this kind of volume.
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........................................................................................................................................................ Here is where we are at a week later.
This little bounce was a repeat performance of what happened one week before. It's one to think about. Maybe. * Mullens again.
Now look at the number of shares outstanding. It's a bit of a train wreck but it is kind of an interesting story.
With so many shares outstanding and with a need for constant amounts of new money this one is a dangerous hold. ** More mid February bad news. Inside selling and raising more money. Two things you don't want to see.
This continuous to be a stock to watch.

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