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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (183946)	2/14/2022 11:01:03 AM
From: sense	Read Replies (1) \| Respond to of 217575

I bought GTE calls... back when it was trading up to and over the $1 threshold... My expectation was... it's very undervalued relative to peers... $2 a fair price even with oil lower... and it had a technical issue with the $1 threshold below which many institutions "can't play"... As it broke $1... algos kicked in... accumulating... So it made sense... even before oil continued higher... to think GTE had "catching up" to do... I don't expect the long term timing issues in oil higher versus markets lower occurring in sequences is likely to prove relevant... in the short term... until it does... With the Fed not raising rates (in theory) until March... and with China just having tossed another trillion (or more ?) of "stimulus" on the table... there's a couple of weeks, at least, in which the risks (in oil) are more or less... able to be ignored... ? Copper a similarly positioned concern... as surpluses might happen short term as China real estate development demand falls... but "future focused" issues in green energy requiring 3X more than is produced now... makes it interesting to see how the VERY long lead time issues in needing more miners plays out... Copper prices aren't declining... but hitting new highs ? But, even if they were lower... you might expect to see copper lower and copper miners higher... if the market were rational... But, of course... I do think we'll see the market move lower from here... maybe today... tomorrow... or "soon"... I think they want and need that... only want and need it "controlled"... so... volatility rules for now... and it seems they're doing all they can to create more of that... But, while I doubt they'll allow it to derail... it hasn't stopped me hedging that risk with some very far out of the money puts... just in case...