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Jack Reddrop Male ID: 70969032
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    As someone new to options trading, I'm really interested in learning more about these strategies.
    From what I understand, single-leg options trades involve buying or selling a single options contract, whereas multi-leg options trades involve combining multiple contracts to create a more complex trade. As a beginner, I think it would be best to start with single-leg trades to get a better understanding of how options work.
    That being said, I'm also curious to learn about more compl...
    Jack Reddrop liked and commented on
    $PG&E Corp (PCG.US)$ Green names are very overvalued like most things. Electricity prices are very high too, in most places. Green energy is inflationary. China and a few others broke some coal production records too. Balance is necessary.
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    $Salesforce (CRM.US)$ Cannot stand the CEO- paid 27 billion for slack- which contributed 270 million in revenue- ? This last quarter?
    I think most customers of CRM would rather do business elsewhere.
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    Jack Reddrop reacted to and commented on
    $Microsoft (MSFT.US)$ There’s a Long term capital gains tax of 7% for income over $1M starting Jan1, 2022 so he is clearing his plate ahead of time to avoid paying this tax. Expect more executives in WA state to do this in 2021.
    https://dor.wa.gov/taxes-rates/other-taxes/capital-gains-tax
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    $Bitcoin (BTC.CC)$ Fidelity Investments is launching a Spot Bitcoin ETF in Canada, as the U.S. based firm is not waiting around for the Securities Exchange Commission to approve a decision in the United States.
    Fidelity's ETF is called the $FIDELITY ADVANTAGE BITCOIN ETF UNIT SER L CAD (FBTC.CA)$, and it will directly obtain physical Bitcoin. Meaning the fund will buy actual Bitcoin rather than acquire it through a derivative instrument.
    Fidelity's move just adds more fuel to the fire as one of America's largest asset managers with over $4T AUM is forced to create a product in Canada to meet their client's demands. At the same time, regulators in its own country still weigh their options on whether or not to approve a Spot Bitcoin ETF.
    The new fund will also be actively managed.
    Bitcoin price action: -1.4% on Tuesday and +98.1% year-to-date.
    Canada is not the only country that has approved a Spot Bitcoin exchange traded fund. Recently Singapore joined the list as it now offers investors exposure to a Spot Bitcoin ETF.
    Fidelity launches a Spot Bitcoin ETF in Canada not waiting for the SEC in the US
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    Jack Reddrop liked and commented on
    $Pfizer (PFE.US)$ $Moderna (MRNA.US)$ $AstraZeneca (AZN.US)$ $Novavax (NVAX.US)$ $Johnson & Johnson (JNJ.US)$
    Scientists in South Africa on Thursday identified a concerning new coronavirus variant, prompting several countries to quickly limit travel from the region.
    In the past two days, scientists detected the B1.1.529 variant after observing an increase in infections in South Africa. So far, 22 positive cases have been identified in the country.
    By Thursday evening, Britain had banned flights from South Africa, Botswana, Eswatini, Lesotho, Namibia and Zimbabwe, starting at noon local time on Friday. No cases of the new variant have been detected in the U.K.
    Direct flights from the six countries will be banned from midday on Friday until hotel quarantine is up and running from 4am on Sunday.
    The six nations will be added to the country’s red list, which would require British travelers coming from those nations to quarantine on arrival.
    Officials from Israel and Singapore had announced that they, too, would add the same countries to their red lists, along with Mozambique.
    There is mounting concern among scientists over the ability of the B. 1.1.529 Sars-Cov-2 variant, first identified in Botswana, to evade the body's immune response and make it more transmissible due to its "very unusual constellation" of mutations.
    Scientists are still unclear on how effective existing vaccines will be against the new variant, which displays mutations that might resist neutralization.
    South Africa has requested an urgent sitting of a World Health Organization working group on virus evolution on Friday to discuss the new variant.
    New COVID-19 variant detected in South Africa prompts renewed travel restriction
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    $Sono Group (SEV.US)$ are the future of transportation. SEV has developed this technology and has proven it in 4 years of real life testing. This company is a steal at the current market cap.
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    Jack Reddrop commented on
    $Tesla (TSLA.US)$ What's with all the Tesla haters, this morning I drove on the LIE to NYC counted 52 Tesla on the highway, could not believe thier so many until I counted, which begged the question why the hell am I still driving an ICE.
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    $Alphabet-C (GOOG.US)$ $Meta Platforms (FB.US)$ $Microsoft (MSFT.US)$ Share repurchase programs have always had their advantages and disadvantages for company management and shareholders alike. But as their frequency has increased in recent years, the actual value of stock buybacks has come into question. Some corporate finance analysts feel that companies use them as a disingenuous method to inflate certain financial ratios, such as EPS under the auspices of providing a benefit to shareholders. Stock buybacks also enable companies to put upward pressure on share prices by affecting a sudden decrease in their supply.
    Investors shouldn't judge a stock based solely on the company's buyback program, though it is worth looking at when you're considering investing. A company that repurchases its own shares too aggressively might well be reckless in other areas, while a company that repurchases shares only under the most stringent of circumstances (unreasonably low share price, stock not very closely held) is more likely to have its shareholders’ best interests at heart truly.
    You should remember also to focus on the stalwarts of steady growth, price as a reasonable multiple of earnings, and adaptability. That way, you'll have a better chance of participating in value creation versus value extraction.
    Some experts contend that buybacks at current high market levels cause the company to overpay for the stock and are carried out to placate large shareholders. For clients who invest in individual stocks, a knowledgeable financial advisor can help analyze the longer-term prospects of a given stock and can look beyond such short-term corporate actions to realize the actual value of the firm.
    $Micron Technology (MU.US)$ Bunch of things going on here. The first thing I notice is the huge cup formed on the monthly from 1999- 2021.
    Since April you can say we have formed a handle for that cup.
    On the weekly you have a double bottom that's playing out and the handle for the cup could also be use for this double bottom .
    So obviously the patterns are bullish , the only question is will MU break out of the handle this time around or take one more trip down to 60$ ?
    Let's see
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