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#1 tommyt

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Posted 25 June 2020 - 09:53 AM

I gave you guys Veltex Corp, VLXC, a short while ago. It was .15-.18. Now its .34 and this week they announced a big deal for rehab of opioid addiction in West Virginia, one of the worst states for opioid addiction in the country. Now, today, they announced a $3 mil share stock buyback program, effective immediately. No debt and a big tax credit.

 

CHICAGO, June 25, 2020 /PRNewswire/ -- Veltex Corporation  --  OTC Markets symbol ("VLXC ") -- Veltex Corporation ("the Corporation") announced today that its Board of Directors at a Special Meeting has authorized a common stock repurchase program.  The new program authorizes the repurchase of up to three million dollars ($3,000,000) of the Company's outstanding common stock. The program is to take effect immediately.

Under this program, management is authorized to repurchase shares through Rule 10b5-1 plans, open market purchases, privately negotiated transactions, block purchases or otherwise in accordance with applicable federal securities laws. Depending on market conditions and other factors, repurchases may be made at any time or from time to time, without prior notice. The Corporation may expand, suspend, or discontinue the program at any time. 



#2 diogenes227

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Posted 25 June 2020 - 11:07 AM

Just short the cruise lines' stocks and the airline stocks.

 

RCL is already up 22% on the NYSI short five days ago. And AAL is up 25% on this five-day short. They both have a long way to go as the virus sinks one sector and grounds the other.

 

 


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#3 diogenes227

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Posted 26 June 2020 - 04:01 PM

Just short the cruise lines' stocks and the airline stocks.

 

RCL is already up 22% on the NYSI short five days ago. And AAL is up 25% on this five-day short. They both have a long way to go as the virus sinks one sector and grounds the other.

 

 

Another 5 percent down for RCL, 6.3 percent for AAL.

 

Which is closer -- the YTD high, or zero?  nuke.gif

 


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#4 diogenes227

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Posted 26 June 2020 - 04:43 PM

Let's mention Boeing (BA) for a bit. It's down 14.5% on the latest NYSI short signal in six days, down from 350 or so within this year.

 

And let's mention Alaska Airlines (ALK), down a mere 10% on this downswing and 50% or so on the year.

 

I think about those companies mostly because they are just down the road from where I live. So when ALK cancels more than 130 daily flights and mothballs 30 front-line aircraft until further notice I look over at BA and think, barring an outbreak of WW3, that's going be dead money or worse for long-term investors for a long time.

 

But big bad liquid BA for swing traders and option traders... That, as they say, is another story.

 

BA's at-the-money weekly call traded at 8 Monday, worthless today. The at-the-money weekly put gave a buy Wednesday (buy the yellow, sell the blue) at $6 and closed today at $15. The call carries a lot of margin with it; the put is just six bucks.

 

Great market, great opportunities...just saying trade when the NYSI tells you and the stock agrees.

 


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."