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McDonalds Again And A Follow Up To Yesterday's Blog..

Option traders on Friday mornings just want to be in and out in the first hour or so of trading on short term options. In the second half of the day most of the action calms down. McDonalds sold off a little bit yesterday afternoon and firmed up a bit towards the closing. Could this "mostly downward trend" continue? Here is a partial look at some of the opening bell's activity. Today is a Friday however let us first look at how the stock traded yesterday. Now a look at it's trading pattern at 9:32.22 a.m. The McDonald stock jumped up $4.98 and the 317.50 Puts we followed all day yesterday which are now "out-of-the-money" acted accordingly. They shrunk in value. During the fist 2.22 minutes of trading they traded down to 34 dollars a contract. Now this. In the first three minutes of trading the stock jumped a bit and then started to come off a touch. These Call options where not attacting all that much attention. The bid and ask jumped up on no volume. ...
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January Blues and News on Taiga- The Opportunity to Tap Into 90 Dealerships

Here is the list of auto stocks I watch. All are down this morning.
It's difficult to think about playing the upside. It's also difficult to play the downside. Caterpillar is struggling. It dropped today. Analyst are always busy looking in their rear view mirrors to explain what is happening. They now say that Caterpillar is exposed to the slowdown in China. That's not really a fair assessment of the overall big picture. It recently had a nice run up.
Boeing is entering into a cup formation.
Moderna was $86.00 back at Christmas and jumped to $115.00 on Jan 8th only now to settle back down again to $96.00.
Then there is Nio an Ev maker. They are expanding their sales into Europe. I often talk about this stock as it trades in very high volumes and has a huge following . A few years back it traded five times higher in price than it does now. It's product line is now much improved. The stock however is now crashing. There seems to be to much focus on monthly production numbers.
Nothing is being spared in this massive grubbing and jumping in now hoping for the start of a reversal doesn't seem to be a smart approach. Times will however change. ****
Now news on Taiga. Electric watercraft. This will keep them busy.
Why isn't the stock jumping upwards in price? One reason is that the potential of these new orders will force this company to raise additional working capital. They seem burn through money quickly. That plus why are they trying to build two different product lines at the same time? Maybe they should focus on only one product. A few years back this stock was $10.00 per share and now when things seem to taking off it's down to $1.00. If the watercraft division takes off this company might have a bright future. As a general rule I don't like Quebec based companies. It's still very much a wait and see situation.

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