Fraser covered Tenet Healthcare in the video today. Good to see that they are doing better. When I worked for them about 12 years they got in trouble with the Feds for hospital billing issues and the stock sank. Thanks for sharing the video, @Onepoint272.
Elon may be all that, but with a little twist in fate he strikes me as though he could have been that guy that runs the Tilt-a-Whirl or a sort of Aqualung character. Sun streaking cold, an old man wandering lonely Taking time the only way he knows Leg hurting bad as he bends to pick a dog-end He goes down to the bog and warms his feet Oh-oh-oh-oh-oh Feeling alone, the army's up the road Salvation a la mode and a cup of tea Aqualung my friend, don't you start away uneasy You poor old sod, you see, it's only me me-me-me-me-me... Okay, that's probably over the top. I'm sure he's smarter than me. AI is a scary thing. It's bound to absorb every truck driving, stock shelving, and white collar job saving only those tactile occupations like barbers and dentists, that is, if Skynet doesn't decide the great unwashed are totally unnecessary. Elon says we need to prepare now to decide WHO is going to control the levers of AI. Of course if it becomes self aware, what will that matter. On the other hand there is the endnote from Hitchhikers Guide to the Galaxy, which says that only six people know who is really in charge and that most think it is a computer, but that they could not be more wrong. EV's? Yeah I suppose we can burn all that oil and coal to produce electricity for the EVs or just use up all the uranium. Solar and wind are non-starters, don't get me started. Regardless if EVs are the future, how do you explain this? Genuine Parts appears to have been building cause in a re-accumulation range dating back to late 2014 and could mark-up to $366.
No supply in this hinge (bull flag). I think I might go shopping tomorrow. P&F chart shown just above with price projections of $141 and potentially $366 long term. Current divvy yield 2.81%.
"Bitcoin is 100% faith. Come the next market phase where faith is at a minimum, what do we think will happen to a stock whose entire reason for existence is faith and nothing but faith?" ---Jeremy Grantham
Been eying URNM, North Shore Global Uranium Mining ETF. Their website: https://urnmetf.com Some fun facts from the URNM website: In 2007 Uranium was selling for $137/lb then fell 87% to 17.50. (Currently $29.55/lb) Number of mining stocks fell from 500 to ~40 In 2011 the Fukishima incident led to all of Japan's 54 nuclear plants (13% of world nuclear generation) to be shut down Mining continued leading to over supply and price bottomed in November 2016 Mining at today's prices is uneconomical Demand already exceeds supply Utilities typically enter into 10 year contracts In 2020 30% of contracts were uncovered By 2025 it will be 50% The price of Uranium may have to double from $25/lb to over $50/lb (Currently 29.55)
Haven't bot GPC yet. Fryday it had way too much volume for the price range....big seller. Most of that volume came during the last 20 minutes...so something is going on. Wait and see I think, this whole move could be an Upthrust after Distribution (UTAD) or maybe it'll just go back down to test the creek or I'll have missed out on a big portion of a move up...but then there's always another trade. Daily bars:
May be a good time to pyramid on XOM...big buyers supported it on Fryday....effort versus result bar. Current divvy yield 6.16%. Daily bars:
VLO same as XOM, effort versus result. Current divvy yield 5.32%. XOM appears to show better relative strength, as it became overbought, while VLO could not make it to the supply line of its uptrend channel. I may consider trading my VLO for more XOM or some other leading oil. Daily bars:
Oilprice.com is a good site to help track crude. The sharks have been taking profits across the board but new buyers seem to be stepping in. Here is a good page.
^ This is precisely where Wyckoff parts ways with the news and says IGNORE it, watch the tape, watch what they do, not what they say. The article sites 3 reasons for the one day steep decline, Profit taking by overly long speculators a strong doll hair diminished hopes surrounding vaccines in Europe I call after-the-fact BS. It's like concluding the ducks flew south because the leaves changed colors. I'm a speculator and I was not thinking of any of those reasons to sell my oil stocks. So who did? It's just BS. Paid BS perhaps, to shake speculators out. Light Crude fell to test the long-term downtrend line and then had no downside follow thru showing I suspect that the selling on Thursday and Friday was being absorbed by strong hands. The effort versus result bars on the oil stocks confirm that conclusion. Crude and the oils will likely consolidate, build more cause for another leg up unless supply shows up in the right hand side of the upcoming trading range. PS: When are you going to figure out how to control your font/image size? Holy Hubble Telescope Batman, I'm not vision impaired.
^ It must be a phone thing. I'm no help with those. I lost my Android years ago and never replaced it. Just use my work i-phone, reluctantly and minimally when I have to. Supply is drying up, somewhat, on the the case study, PLTR. Therefore, beginning to have doubts about the CM's motivations here and drew in a minor creek and minor ice. However, the supply in the background still has to be overcome so I'm not inclined to go long without some sign of strength, nor short for that matter.
Onepoint so good to see you back! Interesting we've been trading similar tickers, was in XOM at one point and cashed out way too early. Also been interested in the Uranium market as well, URA is my play currently.
Great minds think alike but I wished I had seen your post earlier. I like it, it's a got a ton of cause built up, so I impulse bot a little early in the day on the 13th ...Butt...I didn't see the close. Had I, I probably would have sold it at the close and got back in later. The 13th had a lot of effort (volume) for the smaller price range...the down move today could have been expected. It's usually better to trade the close, but I've been busy. But hey, its a small stake and it might flag out, I may buy more if the volume dries up, but I hate making those kinds of avoidable trading mistakes...dang job keeps getting in my way. You apparently spotted it way before me. I should not ignore this board.
