If STLD was going up, it would have moved on that ER. There's a reason its so cheap. Great company, but owning a steel company going into a recession, is the reason it hasn't moved. If Powell goes with .5, it might jump nicely. .75 and it heads south. ~vz
<<GBA RAISING SIGA TARGET TO $22 FROM $17>> I think Ted was right SIGA target is now $22.- Siga Technologies call volume above normal and directionally bullish 10:05 SIGA Bullish option flow detected in Siga Technologies with 17,333 calls trading, 13x expected, and implied vol increasing almost 22 points to 132.63%. Aug-22 15 calls and Aug-22 17.5 calls are the most active options, with total volume in those strikes near 12,100 contracts. The Put/Call Ratio is 0.07. Earnings are expected on August 4th.
If STLD was going up, it would have moved on that ER. There's a reason its so cheap. Great company, but owning a steel company going into a recession, is the reason it hasn't moved. The reason is market confusion recession or no recession? We have a GDP number coming up but I also feel we have a strengthening group of economists who are challenging the thought 2 QTRS of neg growth = recession. And I am in that camp./ There is an obscure group panel that makes the call based off many variables and a great many recession indicators have not been triggered yet. The Fed will have to force the inflation<-- The market won't like that of course but this economy on its own as it stands now is just not there. I am concerned about all the layoffs building up. But that takes time to filter through.
Next retailer to fall>>>> DG $249 earlier. It's going much lower. Earnings in late August. Their stores are an utter mess. They can't get employees obviously. DG is a solid short. Put that in the portfolio Stoney. Portfolios are for making money. Period.
Ollies $61.75 now. Down 6% lol. I TOLD YA SO STONEY!!!!! YOU'RE WELCOME. VZ SAVES THE READERS ONCE AGAIN.
Van we are tracking the name after it's huge run. Just for this reason! You haven't saved me from buying because we haven't come close to buying yet... until today! With good(ish) support at $58- Worth taking a shot soon. An old trick I use that is very effective take the move-in this case $42-$62 // and half it-- $52. You Buy Olli at $52 lights out. All in the timing. Do learn from this Van a lot of people get turned off after a stock has a large move I take interest and usually buy on a retrace if I like the story. The story here only works with high gas and people complaining. That may happen as soon as later this week! So watch $58 level..... If the market gets recession fears buy it there- If we get a cyclical growth rally 1st hold off. Can't be more clear than that.
This thread is NOT about us.... It's about THE READERS. And you have been implying to buy this silly thing since $71 every day as it continues to drop. Why didn't you say that from the rip? $58. I did. I said "We'll look at it when it gets below $59." THIS IS WHAT THE CHILDREN WANT STONEY! Definitive buys/sells. Like you did today with Disney and STLD. Like I did with SYK today.
And I covered the recession aspect last night. There's people that shop there regularly and everyone else. In recessions people worry about where they'll buy groceries.... not where they'll get a designer bird-feeder for cheap.