Bill Cara

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NYUGrad

I wonder if CPI leaked today?
I wonder if China bounces tonight?
Will people rebuild in Florida with rising costs to build and insure? Or move out of FL?

Just pondering.

Be safe to those in path of Milton.

NYUGrad

China’s Central Bank Launches Swap Facility to Boost Stock Market. 500B Yuan. 70B Jerome bucks.

Eligible firms can use stocks as collateral and get funding to buy stocks.

WSJ

Screenshot_20241009_233845_Firefox
Bill Cara

China returns from Golden Week anything but ‘golden’.

Shanghai index -6.62% with 67 advancers and 1389 decliners.

TR China -9.97% with 9 advancers and 38 decliners.

China A50 -6.93% with 1 advancer and 48 decliners.

The massive boost the central bank gave to China’s financial system has been found lacking. The PBOC’s action and market reaction suggest an impending crisis.

NYUGrad

When central pumping fails what else is left?

baz22
Last edited 19 hours ago by baz22
baz22

There are excellent deposits here in America…..Thacker Pass

baz22

Edit now trading below cash value

baz22
Last edited 17 hours ago by baz22
NYUGrad

$NVDA accounted for almost 25% of the Bloomberg 500’s move today, which is a proxy for the S&P 500.

Bigger alarm. 6 stocks accounted for 60% of the move. Last week there was a day NVDA was 93% of the move.

Easy work for the cartel.

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Last edited 1 day ago by NYUGrad
baz22

Toby…… remember that FCEL trade from the summer of 2020 ?…. Well,….😎

baz22

** if Smmt is putting in a reversal, then $ 26 is pointing at Friday

baz22

I am now keeping a serious mindset in regards to Alt… Something’s going on
I can feel it

Last edited 1 day ago by baz22
Bala

After FDA approval SMMT will be able to a have limited market US, Canada, Japan and Europe. There will be a discount due to China factor. I entered little too early, now exited with a small loss. Monitoring closely for now. Please check this https://finance.yahoo.com/news/summit-therapeutics-millionaire-maker-151200975.html

NYUGrad

Hurricane Milton is already a Cat 5! It looks bad for Florida. Please be safe. Evac as soon as you can inland or north. Even if it drops to cat 3, the storm surge will remain cat 4 or 5 when it reached Tampa area Wed.

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NYUGrad

Home Insurance co with Florida Hurricane Milton exposure mostly down big. Note $CIA is a penny stock that is thinly traded and is prob being manipulated.

#HurricaneMilton

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baz22

Things are a complete mess in western NC… The Blue Ridge Parkway is closed indefinitely for it’s entire length – Boone thru Ashville is especially bad …. before it was closed ( last Thursday ) I got on various parts… Trees down everywhere, asphalt washouts and collapsed sections of the road.. I’ve got a rugged 4×4 truck, but I got the hell off ….the Blue Ridge is just two lanes…what a disaster…

Last edited 2 days ago by baz22
basketguy

NYU, Citizens is the state backed carrier. So any claims with citizens are protected with tax money. I think at some point, citizens might be the only game in town with the backing of the state government. Most of these carriers have hedged their losses with even larger re insurers, but these storms are gonna hurt bad..

goldbug58

Arcadium Lithium (Livent/Allkem merger) is up 30% on RIO interest in a buyout; had been up as much as 40% earlier in session.

baz22

I cannot help but think Summit Therapeutics will be as, or even more successful than Seattle Genetics… The cancer indications they are investigating could make Summit one of the most successful biotech companies of all time.. Some bring up the fact that SMMT licensed their drug…. Hmmm.. Let’s begin a brief ‘ licensed drug list ‘ with Sarepta and it’s DMD drug…yes, straight out of an Australia university lab…. Pfizer and it’s $$ multi-billion COVID vaccine, courtesy of BionTech… or, lol, Merck and its very own Keytruda… So, with that aside, the fact that Summit may have an exceptional cancer fighting therapy for not only NSCLC but several other cancers will hold my attention…. https://www.fool.com/investing/2024/10/05/is-summit-therapeutics-a-millionaire-maker/

Last edited 4 days ago by baz22
baz22

** as an ‘ insider buying update ‘, late last month, co-CEO Bob Duggan also bought SMMT shares on the open market: $ 75 million worth at an average price of $ 21.70…( 3,456,221 shares )..

Last edited 4 days ago by baz22
baz22

Since 2015, Smmt’s average weighted price was around $ 8.5 till last month… since it’s IPO, it’s actually only doubled

Last edited 3 days ago by baz22
baz22

Summit Therapeutics IPOed on May 15, 2015 at $ 9.90 per share…. There were less than four million shares outstanding….

baz22

Hell…I just can’t hold a company unless I believe it singlehandedly changes destiny, ( and if the rev’s are already known )…for that reason I dropped LUNR…I know, I know, but PLUG really has my interest as a complete contrarian trade to oil…
And as no secret, I really believe SMMT can change the destiny of current NSCLC victims
I just don’t often see the FDA handing out ‘ Fast Track ‘ designations to companies that carried out clinical trials in China…
I am trying as hard as I can to follow the footprint’s and connect the dots … ** Thank you Vad .. and to TobyT, wherever you are.. nobody walks the razors edge without help..

Last edited 3 days ago by baz22
toby t

still skulking around………..not as frisky since falling thru roof and being given less than 20% chance of survival in Feb …damn rent houses….but here I am….SMMT is extremely interesting and it has options which I truly love….will pursue tomorrow am

baz22

So very glad you’re here…be safe and get well

dave.raj09@yahoo.com

Hope you doing good and 100% recovery, missed all old timer like VAD, you,2nd-Ave and Starky and many more.

Yes Baz–back in 2020 I was in big time in PLUG,FCEL, and many more that were hyped by paddlers, they all went to around $1, I think they are at it again

dave.raj09@yahoo.com

please post it if you found good option that expires in 2026 for SUMMIT, you are good at playing option, BAZ does lots of homework and research on BioTech stock , I respect his finding but i have to buy something like 400 share of summit for few year to make some money, if it is done using less capital will be prefer option for me and was thinking about option and you mention it
Thanks Toby

goldbug58

Have been accumulating shares in Barrick Gold since June. I think their numbers will be terrific for Q3, revenue, earnings and FCF. Also like that they are not going on a buying spree but investing in their existing mines. They produce impressive amounts of copper as well as gold.

NYUGrad

Two weeks are almost up. Let’s see if history rhymes. Charts in the link🥷👇
—-
When the Universe shows you a coincidence that knocks you on your knees. See the date!

Sep 18, 2007. One of the 50 basis pt cuts from the GFC. Same date as this week, 17 years ago.

$SPX climbed for 2 weeks before rolling over.
https://nyugrad.substack.com/p/there-is-nothing-new-on-wall-street

deneve83

Jobs numbers are very fishy when you break down by sector. So is the upward revision. I take BLS data with a grain of salt. In this case, the timing reeks of conflict of interest.

basketguy

NVDA, BOTS about to get JIGGY WITH IT…..Grab ur popcorn….Stick saves all around…LOL
Will Smith is ready https://www.youtube.com/watch?v=3JcmQONgXJM

nvda4
basketguy

It probably wants to fill the gap…based on the bots…on both sides..LOL
Trend is yo friend….Here…buying the pullbacks has been working FWIW…Wait for your price…and Pounce..

cde
goldbug58

Coeur Mining to buy Silvercrest for 1.7 Billion. Carry on.

basketguy

$DXY Back in July on the 24th I posted this exact chart. You can go back and see it….

Showing you where the break would be followed by the bounce area. REMEMBER…Robots are programmed…They repeat patterns until those patterns BREAK due to change in trend/direction. Once you find a pattern in anything you like to trade EXPLOIT IT. Sell when it tells you to sell it BUY when it says to buy it based on history. TREND is always your friend, because with trend, you will be on the right side more than you will be wrong. Don’t FIGHT price, don’t try and guess tops bottoms, trade on both side buying or selling based on price action. You can see in this dollar that for months Going all the way back too JANUARY of 2023, the dollar was a buy off the down sloping trendline…Just like it was back in 2021, 2017, 2015, 2016, 2015, 2012, 2011, 2009 ETC ETC…You get my point. Trend for the DOLLAR Since about 08 has been up….With volatility YES, but overall if you graph it up…So, will that change now? 16 years of buying the pullback in the DXY and making money…Yeah I guess eventually the BEARS will take over, but for now, the easy money take it to the bank has been buy the dips…We will see what this next wedge decides to do, all the others led to new highs…Will this time by any different? I don’t care, I TRADE PRICE.

DXY2
baz22

Oil at $ 200…??

baz22

I do…. buying oil companies
I’m in it for myself from now on….

Last edited 6 days ago by baz22
baz22

Gold doesn’t go up because of good times…yet we urge it higher… Lumber and food prices are absolutely killing the average person..yet we cheer on Home Depot and Walmart… Apple, Microsoft, Nvidia…go, baby, go…. So yes, I’m pulling for black gold
And screw Wall Street.. since when were they a friend of the Cara community ?..

Last edited 6 days ago by baz22
baz22
baz22
jimg

Would love to see the Cara 100 in an ETF.  🙂