$Intuitive Machines (LUNR.US)$ short-term it looks like we s...
$Intuitive Machines (LUNR.US)$ short-term it looks like we should be hooking higher I know that's not a technical term on the chart but it looks like we could touch 8.15 ish today possibly on some buying. we need to trade above the 20-day which is the purple line and we need to close above the 20 day and that will lead to a new level of buying and a new level of support because your highs are getting higher and your lows are getting higher.
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36 yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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TechSavy : no way
TechSavy : not without some sort of news. 7.50-7.75 close
amiable Llama_6295 : no news yet! aiyo!
OptionsKing TechSavy : this aged well
TechSavy : good call
10baggerbamm OP TechSavy : thanks I hope some people made money on it.
TechSavy 10baggerbamm OP : oh, I'm up...just didn't think it would go up over $8, I'm happy
TechSavy OptionsKing : love how folks wait till after the fact, then chime in like they were the OP, LOL GAF. I didn't sell, just didn't think it would close above 8.
10baggerbamm OP TechSavy : I bought two weeks ago I guess it was and within a few minutes it's spiked I was so excited I bought 10,000 shares and I'm like oh my God it's going to go straight up and like a dummy I didn't sell
I didn't know how it traded I literally picked up on this from Reading other people's posts and I thought I could get a real quick trade out of it... buzzer sound. so when it traded below the next day what I paid for it by about 25 cents I figured all right I'll buy more so another 10k shares.
well that didn't work..
so it started going against me it went below 8 and I decided I'll roll the dice and sell some calls which I did and then the next week last week it went low sevens I don't need to tell you if you own it you're in it you seen it and when it had a good day and spiked a bit I sold $8 strike price again. and they expired worthless. today I sold 8 dollar strike on the spike I'm basically trying to unravel my trade and get my principal back in a little bit of profit right now if it closes above 8 I'll make I think it's about 22 cents a share. and tomorrow if we get a follow through I'll sell some more calls at a higher strike price and it's 8:50 so we'll see what happens. basically I didn't know how it traded I was totally out of my league the saying that everybody uses now is over your skis so it's totally my mistake I know everybody meant well and recommended the stock it's my bad.. big boy I own it
so if I can unwind my position then on the next dip I'll know how it trades and I'll be able to go in and tactfully enter it at the right time. the percentage swings on this company are huge if you add a zero to it a $70 stock you don't see these types of swings so there's a lot of money to be made if you can get the right cycle
TechSavy : I've been swing trading this stock for a while now, since June. I saw no reason for a climb to 8, but...when it was climbing for no reason last time, BIG NEW happened. so, I am holding for now. IM2 launch release date should be any day niw
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