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Walmart Again

On Monday I did a blog on buying this week's Call options on Walmart. Today is now Thursday and there was a big crash in the markets yesterday. For example, Tesla had an insane selloff. Here is what happened to it. Today it is slightly rebounding as are so many other stocks. Thursdays however as oftened mentioned are not a good time to be purchasing one day options on stocks that expire the next day. So how is any of this revelant to Walmart's trading today? Well, there was a whole bunch other stocks that got knocked yesterday that might now rebound back up again together. Look at the chart below of Walmart and see how it was off a couple of dollars yesterday. Could you buy in now and get out later in the day? Fantasy thinking, one might say. Could it sneak up even one dollar? Now this. The stock mid morning is now merely trading sideways. Now look at this, the 93 series of Calls. (On Monday we were looking at the 94 series of Calls). At 10:22 a.m. the stock is up six cents...
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Can You take Flyers On Stocks You Know Nothing About Based On Something You First Learned Of At The End Of Last Week?

Here are two stock to watch. 1)
Jazx. What an explosion in it's stock price. When a stock jumps like that it is bound to attract a lot of short term interest. News about the treatment of prostate cancer in early trails. It had little volume on Friday March 1st and here is how it's one day chart looked that day.
2) Viking Terapeutics with mid-phase trails on a weight loss drug
Now for some March 5th news. Both stocks took a trick out of the same paybook. They used the spike in the stock's prices to issue new shares at it's higher prices.
Now Viking.
What's going to happen next is anyone's guess. The markets as of late can suprise. On a more sobering note look at this other well known drug stock. It's a three year chart.
What a difference. Many people hate trading drug stocks. It's a game of trying to follow what is hot. That's not a fun game to be playing.

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