UPDATE August 7
PUMPED!!!! I have a new stylus and iam coming off what was actually my 3rd best day ever, and a tremendously well executed week👏
Allow me to get a little bragadocious- After all what good is having GIANT conviction if i cant share it...
Allow me to get a little bragadocious- After all what good is having GIANT conviction if i cant share it...
I sold a round of options closer to a 70% gain, to cover my positions
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/58f61fe61ab23cc380d7202e978d4b19.jpg/bigmoo)
these I sold at .74 almost a 90% gain
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/c048008715f1373899d4ac4b360c9e1e.jpg/bigmoo)
double me up... I actually closed these at 7.90, then opened new positions an hour or so later.
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/61a9d419a8b33786832c776e72cd567d.jpg/bigmoo)
CCXI - Just YES!!!, so much yes!... My baby - letting go is hard to do, I wanted to ride with them to the hundreds, I will miss that. ![]()
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more on CCXI later ![]()
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/c125964cd3813bf3b85f6e421807611b.jpg/bigmoo)
I know some money managers that envy this. This is a limited investment account (I can only trade certain stocks and ETFs during regular trading hours no options)
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/b259b1d3f2403279a4060c6e24032c66.jpg/bigmoo)
That morning I recieved several congratulations texts on my drive to work, I was confused, it was followed by more "are you even coming in" I was really confused, then I saw MR Ts Hank Hill making it rain post and i knew something good happened. That was followed by CLF that broke out, just as I posted (I even posted an update before open trying to alert all, shown below)
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/2fcff4a50d98360c9be507b2371f4bfe.jpg/bigmoo)
Then I bragged
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/14af5143fbd63ff983185b27f5573008.jpg/bigmoo)
After that I was near useless at work, I had a stupid perm - a - grin and was strutting around like a peacock 🦚 (You gotta let me fly!) whistling Harry Belefonte (Jump in the Line)... Well I did extend a couple contracts at huge increases so maybe not useless 🤷♂️ ... Anyhow enough bragging and let's see some charts.
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/57b7206ecbf63662bc3170192a0dcaff.jpg/bigmoo)
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/e2c691f4f1183404bcd446050349bf49.jpg/bigmoo)
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/3109be0a131834cf835c245a46a14c8c.jpg/bigmoo)
My position, I sold a portion at 1.20 to pay for my entry
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/14e6e72593d73735a83fa536967368fe.jpg/bigmoo)
Let's see how we look going forward
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/69fb115bca3e30e8857b708ceb7d1854.jpg/bigmoo)
Here is one of my positions I just opened, I sold a batch at 2.15 to pay for my entry
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/a5fd6680b42b30e7b2ca724e9592f009.jpg/bigmoo)
Yes I know these are short dated options, but I've got conviction (plus they've paid for themselves already).
Qualcomm looks at a near top, just need the last pop
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/e1fe03a27dc63125a639d415080b247c.jpg/bigmoo)
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/9d224eb58f813cf9aecce3eb3b299477.jpg/bigmoo)
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/3f0673414d233c8299cc2de69eb5e29a.jpg/bigmoo)
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/4d71f54b6afb3c8092bd04d70b7093e0.jpg/bigmoo)
Here is my position so far, a little longer out because I'm setting it up.
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/8a8fdd92dfec30d48a0fa2bd9d323cad.jpg/bigmoo)
Let's see how it looks
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/1256e692173e31cfb6bc611f9eb73889.jpg/bigmoo)
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/2cb8bd32188235dfa2512f26513a2514.jpg/bigmoo)
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/3c30a0df0b6b39f0b02c338a6ac9cdda.jpg/bigmoo)
and since SLV (and the Qs) is affected by the dollar lets look at it $USD(USDindex.FX$ I expect a bounce (and a market dip) then a drop (market surge) - AND THEN RESUME UP
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/a8f3f189f486365b9a6471f332251db2.jpg/bigmoo)
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/9f36de9a9ca63a5683c11fa1f629ed63.jpg/bigmoo)
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/9c51f2e8254a3bb6b70e5caeeb8651c8.jpg/bigmoo)
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/aec00b5eebc73d4eaac3dfc703bd3d2b.jpg/bigmoo)
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/05fe8c87265f3864bf20d7dcddb626e5.jpg/bigmoo)
And now a serious note, because iam about to say and do some sacrilege and sacrifice my baby. $ChemoCentryx(CCXI.US$ ![]()
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BEAR with me while I explain, but first: charts to show what, I will tell why followed reluctantly by sharing how.
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/82acfdcb39b4311d8579752677354a82.jpg/bigmoo)
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/f9c53d5a1ecb392e99df7bd3027754e3.jpg/bigmoo)
There is no reason for it, charts don't follow news, news follows charts- want another sign of proof?
Look at where that buyout candle ended on the Weekly and Daily charts above - I drew that trendline many months ago and we ended a 52 buyout almost on the penny touching that trendline....
AND WE WILL HIT IT AGAIN - I think just after we fall.
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/9657b9babe3b331ea0ef29e8a284cc70.jpg/bigmoo)
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/ae7b6aa4f2c033ecbc9ac4945eb86d3e.jpg/bigmoo)
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/6efce8a1f029301492bd849cd945b510.jpg/bigmoo)
What I believe will happen
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/3669be70d85d38eaa4173f9b07f8aff3.jpg/bigmoo)
It has not been bought out yet, nothing is complete (look at twitter) this will fall because people (like iam) will take massive profits and sell, does it deserve to fall - NO but that doesn't matter, it fell after approval and it will fall again.
Now what am I doing about it. Well since the buyout is 52 and I sold a good chunk around 50.5 that's 1.5 "loss" per stock, but it's not at 52 BECAUSE THE DEAL IS NOT FINAL, THE STOCK IS IN PLAY!
The rest I sold 40 strike calls, but heres where i go crazy and short my shares by buying 55 puts. My numbers are off by a dollar it should be $50.5 not 51.5 apologies
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/2023f7c2233831fcabdf78613aac2b93.jpg/bigmoo)
If I sell now I get about 50.5 per share, if I sell calls and buy puts I get 50.5 per share BUT if my analysis is correct I make a bundle on the way down.... OR and this is big but I'm betting (obviously) it doesnt happen: shorts rush to cover and this goes to 70, but like I said I dont think so.
That was a lot and I'm sure very confusing, I often think faster than I type and it ends up being jumbled. Feel free to ask questions and I will try to respond when able.
That aside a look at oil futures
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/9cab92c8afc738caa29480bcad2c3c5e.jpg/bigmoo)
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/770165703ae230dba5006a43aebbe42e.jpg/bigmoo)
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/1a7f59c3ea133a1da8835264fa237308.jpg/bigmoo)
![UPDATE August 7](https://ussnsimg.moomoo.com/feed_image/70624085/06f479f2a563303fa64c4b125dc56924.jpg/bigmoo)
Ok too tired and restless, I'm sure I left a bunch out, I may post an update later maybe not we will see.
As always good luck ![]()
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Mike Hunt : Nice work!!!! I’m long on SLB. I think it’s a no brainer that CCXI will pull back. But I’m not as bullish on QQQ as you are. I think it might get rejected for the 3rd time on the upside boundary of the downward channel it’s been in since April. Good luck!
Albert Ck : I would be excited to the last chance of catching up if CCXI boat having U turned as you predicted so….
![crossed_fingers 🤞](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f91e.png)
$18-20
BruceLin8 : Baba will go up?
Mr Trecherous : Damn. Now it's all suspenseful & shit![coffee ☕](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/2615.png)
![coffee ☕](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/2615.png)
![sunrise_over_mountains 🌄](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f304.png)
No sleep tonight
102235596 : Heya are you saying that ccxi will drop, regardless of an expected good ER today?
Mr Trecherous :
iamiam OP BruceLin8 : yes, I'm bullish on baba
iamiam OP 102235596 : I think so
Colmi iamiam OP : Did u sold the ccxi or Hold?
Jason Jason8 : Do you follow amc?
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