• acestocksplayer
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  • Name Mike Carleton
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PENNY STOCKS DISCUSSION BOARD FOR DECEMBER 2017
This Bitcoin craze reminds me of the dot-com craze....

It's not that I wouldn't to long on a bitcoin stock, but there needs to be some pullback for me to consider it....

TAT...an oil company and NOT a bitcoin trade finished 9.26% higher today...I am still sitting on a small position..I may add to it when I believe it is geting support at over $1 a share.
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Blockchain ~ Cryptocurrencies ~ Bitcoin etc.
RIOT....

Up big today also....I bought a 2nd Jan 19th $10 put for $50... now holding 2 puts on this contract near the 50 day line about mid-point of very wide Bollinger Bands.   

The peremiums on shorting OSTK are rediculously expensive...so I continue to short this one. This looks like an all or none trade...I either lose $154 (with commissions) or I will make from $500 to $1,200, depending on how this RIOT trade plays out.
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Blockchain ~ Cryptocurrencies ~ Bitcoin etc.
OSTK popped 22% higher today on news that Morgan Stanley had taken an 11.3% stake last quarter....

However, that was last quarter when OSTK was a lot lower price....i wonder how many of today's buyers were buying what MS sold today???
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Nasdaq/ S&P Discussion for DECEMBER 2017
I TOOK 56% PROFITS ON XLK TODAY...

I sold my 3 XLK Jan 19th $63 calls for $170 per contract...
Original purchase was on 12/6 for $109 per contract.

Total gross profit before commissions of $183...

Review my post on December 6th and chart for why I began this profitable trade.
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Nasdaq/ S&P Discussion for DECEMBER 2017
Good Monday morning, Umunver...

Nice trading on that HMNY there...!

I have my new trade in MOMO up 34% today on the Jan 19th $25 call that I bought late on Friday...it is working on trying to fill that open gap up to $30...as it climbs higher within the descending channel...

MOMO daily chart

[image] 
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Blockchain ~ Cryptocurrencies ~ Bitcoin etc.
Good Monday morning, Shark...

I see that most of the Bitcoin stocks are moving significantly higher today...

OSTK is one example...RIOT is another...MARA up too....

OSTK daily chart

[image] 
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Nasdaq/ S&P Discussion for DECEMBER 2017
Car-T  biotech stock GenScript, based in Hong Kong trading is higher by 15% on positive news...this is a gene editing company like EDIT and CRSP....

It trades on the US OTC market as symbol GNNSF. 

I  am making a note to myself to do some research on GNNSF.
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Nasdaq/ S&P Discussion for DECEMBER 2017
While the trading universe gazes at the Bitcoin phenom on this Sunday night...

US Futures are all green....Dow is +35....

Nearly of Asia is green tonight too...

Last Bitcoin price shows it is higher by 15.9% at $17,470.
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Blockchain ~ Cryptocurrencies ~ Bitcoin etc.
Littleshark wrote:
Sunday 10pm ct radio news just said that Bitcoin is up about 12% ... but didn't say the price ...


Shark, it's up 15.89% at $17,470. You can see the live price in the post I put up a few hours ago. Just click on the link to CNBC.
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Blockchain ~ Cryptocurrencies ~ Bitcoin etc.
Here's a live chart on BitCoin...

Posted Sunday, December 10, 2017 at 8:28 pm ET

It's found at the CNBC website and it updates on a 24/7 basis on most days, since Bitcoin trades at different times than most stocks and futures...

It's up so far on the first day of futures trading...

CLICK HERE TO VIEW UPDATED PRICE AND CHART      [crazy][rolleyes]
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Nasdaq/ S&P Discussion for DECEMBER 2017
BitCoin FUTURES TRADING IS UNDER WAY THIS SUNDAY EVENING ON THE CBOE....

And in the first hour, despite the website freezing up (I noticed that myself as I could not get to their page), the BitCoin currency is up a few hundred dollars...

Of course, 1st day trading is light...and few people except futures veteran traders (mostly institutional types) themselves seem to have access to trading on "the coin" at this time... 

CLICK HERE TO VIEW AN UPDATE ON BITCOIN FUTURES TRADING    [comp]

Be sure to visit the Bitcoin-CryptoCurrencies Board set up by LittleShark for further information.  
 
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Nasdaq/ S&P Discussion for DECEMBER 2017
Littleshark wrote:
ACE ,,, you are a brave soul ,,, making a crypto bet just ahead of Bitcoin futures trading commencing on Sunday ... best wishes with the trade ,,, it could be a real http://schrts.co/xde9Wz "RIOT" in the crypto space next week ...

The big banks "counterparty" trading desks ,,, have complained to the SEC that there aren't needed rules in place >>> controlling position size ,,, >>> setting adequate margins ~ they are afraid they may get stuck with losses when Bitcoin moves $1000 in an hour and margin limits don't cover the losses ,,, >>> no market stop limits in place to pause the markets when things get to wild ... are just a few of their complaints ...

or ,,, maybe the big banks are just mad that someone else beat them to the punch starting crypto futures ,,, and they are trying to derail it long enough for them to get on board ???


Shark...it only cost me 90 bucks to short RIOT and I have a full 5 weeks to expiry, which means I can be wrong in the first several days...even the first couple weeks, the direction can go against me, and I might still cash out a winner...it is purely a spec trade to take the opposite side of the betting public...$90 won't break me...but it "might make me!"  [biggrin] 
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Blockchain ~ Cryptocurrencies ~ Bitcoin etc.
FUTURES TRADING IS UNDER WAY THIS SUNDAY EVENING ON THE CBOE....

And in the first hour, despite the website freezing up (I noticed that myself as I could not get to their page), the BitCoin currency is up a few hundred dollars...

Of course, 1st day trading is light...and few people except futures traders themselves seem to have access to trading on "the coin" at this time... 

CLICK HERE TO VIEW AN UPDATE ON BITCOIN FUTURES TRADING    [comp]
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Nasdaq/ S&P Discussion for DECEMBER 2017
MOMO...

I also bought one Jan 19th $25 call on chinese stock MOMO...the chart is beginning to look favorable for a run to higher ground in the near term, imho. In at $150 for one call contract with a goal to double my return.
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Nasdaq/ S&P Discussion for DECEMBER 2017
Littleshark wrote:
ACE ,,, DPW crypto-currency play ,,, that Umunver & cmac have been working the past week or two on the penny board ... $$$

ACE ,,, people may spend their Christmas bonuses and tax refunds AFTER the Hollidays ...


Shark, I shoulda figured that DPW was a crypto currency play when I saw the name digital in it...!

Well, I just started a trade on the cryptocurrencies too...but I am shorting...namely shorting RIOT...I bought 1 Jan 19th $10 put for $90  on spec...if the trade falls to under $10, then my $90 bet could appreciate to $500+....RIOT has a very wide BB and $10 is near the 50 day line...i think it could easily dip down to that level soon!
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