Post by
flamingogold on Aug 03, 2023 12:49pm
This selloff is actually laughable
We all know it's going higher but unlike Apple or Netflix or most other stocks that are rewarded for a good quarter, this one is heavily manipulated.
If you're a trader and don't mind entering the circus ring, by all means, put on the gloves and have fun. Personally, I am in the stand eating popcorn watching the theatrics. In the end, BBD and patient longs will take home the prize while many traders aside from the real pros will get taken to the cleaners.
Comment by
Truthifest on Aug 03, 2023 1:16pm
I'm not a trader, and couldn't resist adding in the C$59's.
Comment by
Nordico on Aug 03, 2023 1:20pm
Yeah I doubled my Nov call option position ($56 strike) here just a few mins ago in the $59s. This has no choice but to rebound after such a nonsense plunge.
Comment by
Truthifest on Aug 03, 2023 1:23pm
I wish options were available here in the US. Oh well, the stock should do really well on it's own.
Comment by
marcrobert on Aug 03, 2023 1:50pm
good info, wish i had written some calls yesterday, premiums are huge which is very unusual on any canadian stock