Opendoor Announces Redemption of Public Warrants (NSDQ: OPEN, OPENW) -Begin
SAN FRANCISCO, June 09, 2021 (GLOBE NEWSWIRE) — Opendoor Technologies Inc. (Nasdaq: OPEN), (“Opendoor” or “the Company”), a leading digital platform for residential real estate, today announced that the Company will redeem all of its outstanding warrants (the “Public Warrants”) to purchase shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), that were issued under the Warrant Agreement, dated April 27, 2020, by and between the Company and Continental Stock Transfer & Trust Company (“CST”), as warrant agent, as amended by the First Amendment to the Warrant Agreement, dated March 22, 2021, by and among
SPAC’s Are Coming Back with Dudley Baker
from Kerry Lutz’s Financial Survival Network Dudley Baker believes that SPACs are on their way back. There’s a trillion dollars that’s been raised in this sector. For a while it was impossible to keep track of all the new issues in February. We never had a final capitulation. There was never a “V” bottom. Dudley says that 20-30 different SPAC’s will be completing their merger in June. The market will realize their value and prices should go up. Confidence will come back. It was clearly overdone. The Churchill Capital 4 will be merging with Lucid Motors and this one could be very
Bitcoin Crashing To $16,000 Would Be Completely Normal If We Look At Its Historical Price Actions. Are Traders Still In Denial?
Chris Vermeulen joins Greg Dickerson from Dickerson International for the first time to discuss the historical price action of bitcoin and what we can expect in the future. It may seem like the correction is over with bitcoin dropping 54% in a matter of weeks but when you look at its history, having a 70 to a 90% correction is completely normal. That is why we still see a strong possibility of a downside move to $16,000-$20,000. But are traders in denial and expect instead to get rich quick and go to the moon? Watch to learn more. “Chris and his team
Notice of Warrant Redemption- BEGIN (NYSE: CHPT, CHPT.WS)
ChargePoint Holdings, Inc. (the “Company”) hereby gives notice that it is redeeming, at 5:00 p.m. New York City time on July 6, 2021 (the “Redemption Date”), all of the Company’s outstanding Public Warrants (as defined in the Warrant Agreement) (the “Warrants”) to purchase shares of the Company’s common stock, $0.0001 par value per share (the “Common Stock”) for a redemption price of $0.01 per Warrant (the “Redemption Price”), that were issued under the Warrant Agreement, dated as of July 25, 2019 (the “Warrant Agreement”), by and between the Company’s predecessor company, Switchback Energy Acquisition Corporation (“Switchback”), and Continental Stock Transfer & Trust Company,
The Warrant Report For The Week Ended June 4, 2021
We had a big down day in gold on Thursday (around $38) and a big move back up ($18) on Friday and closing out the week at $1892 and silver at $27.81. This week I notified my Gold and Lifetime Subscribers of a new warrant which I purchased on a lithium and uranium company. This warrant has close to 3 years of life until expiration and in my opinion, has the potential to be a 10 Bagger or more. We feel that the SPACs have concluded a bottoming process (see chart below) and we are seeing positive signs in many
Gold stock gains mount
Adam Hamilton – Zeal Intelligence | June 4, 2021 | 11:32 am IntelligenceMarketsGold Stock image. The gold miners’ stocks are enjoying mounting gains, with their young upleg continuing to power higher on balance. Their recently-reported Q1 results revealed strong fundamentals, fully justifying better stock prices. The gold stocks have achieved major upside breakouts technically, and will soon trigger a major buy signal. Yet sentiment remains apathetic if not skeptical, so the lion’s share of capital inflows are still coming. This small contrarian gold-stock sector is in a key transition zone. It has mean reverted sharply higher in recent months, but still hasn’t
Biden’s electric vehicle plan includes battery recycling push
Reuters | June 4, 2021 | 12:07 pm Battery MetalsIntelligenceUSACobaltLithium US President Joe Biden (Credit: Flickr) President Joe Biden’s strategy to make the United States a powerhouse in electric vehicles will include boosting domestic recycling of batteries to reuse lithium and other metals, according to government officials. As Biden makes fighting climate change and competing with China centerpieces of his agenda, the administration is set to wrap up a 100-day review on Friday of gaps in supply chains in key areas, including electric vehicles (EV). These gaps include the minerals used in EV batteries and consumer electronics. The administration is also looking
The Upside Potential Price Of Silver – How Explosive Is It?
Trader Chris Vermeulen joins Elijah K. Johnson from Liberty & Finance to discuss the explosive upside potential of silver. Just like 2010, a massive cup and handle technical sign shows silver could rise fast above $50 per ounce. But how long will that take to happen? WATCH our video to learn more. “Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscriber to TheTechnicalTraders services and encourage you to consider a subscription as well, The ideal service to supplement your other subscriptions as
Preservation Of Wealth VS You Only Live Once – Another Victory For Retail Traders AS AMC Price Blasts Off
In a market flush with cash where traders are able to use social media to target heavily shorted symbols – incredible things can, and often do happen. AMC follows GME to the heavens as retail traders flex their muscles while pushing institutional-level players to the sidelines. It is a true David vs. Goliath story where the impossible is possible. TO THE MOON? MAYBE? BUT WHAT ABOUT THE LANDING? “Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscriber to TheTechnicalTraders services and encourage
When Divorce Happens: The NASDAQ & Transportation Index Diverge In Big Way Which Can Signal A Weakening Economy
On Friday, June 4, 2021, a very interesting divergence between the NASDAQ and the Transportation Index setup which highlights the uncertainty related to the continued global market recovery trade. With the NASDAQ rallying over 200 points and reaching levels near critical resistance, near $13,775, the Transportation Index collapsed over -150 points and briefly tested critical support near $15,350. What would prompt this type of movement in these indexes? I believe the recovery/reflation trade has already run it’s course and we are starting to move into a complacency phase with regards to future economic activity and output. Consumers are already fairly
Head Spinning Crash Course In Share Price Volatility (VIX VS. VVIX) – Learn How To Take Advantage Of Volatility And Profit From It
Volatility is the most common way to measure risk in the financial markets. While there are a plethora of methods, calculations, and derivatives to calculate volatility, they are all trying to accomplish the same goal: what is the price of a security going to do in the future? Without a crystal ball, there’s no perfect answer, but let’s go through a few common ways that we can estimate future volatility. LET’S TALK VOLATILITY “Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscriber
After Reaching A Trend Channel High, The Russell 2000 (IWM) Flags Out
The Russell 2000, which had experienced an incredible 48% upside price rally after the November 2020 US elections, has recently peaked near an upward sloping price channel that originated shortly after the 2010 Housing Crisis bottom. The incredible aspect is that the post-COVID price rally accelerated at such an extreme rate that the current peak level (highlighted by the MAGENTA circle on the chart below) represents an extreme rally phase in price. Unquestionably, at this point, the markets are searching for a new trend and the IWM has consolidated into a sideways Flagging price formation. I believe global traders are
The Air Is Better Up Here: Blue Skies In Our Future For Gold And Silver
We’ve seen some big rallies in gold over the last few months, and as we wrap up the month of May, the long-term charts are looking good. Once again, host Craig Hemke of Sprott Precious Metals Projections sits down with Chris Vermeulen of the Technical Traders to break down all the gold and silver charts you need to prepare for the month ahead. In this edition of the Precious Metals Projections, you’ll hear: Predictions for the GDX Why June will be a volatile month Plus: What’s the best asset now? TO VIEW CHRIS’S FULL THOUGHTS ON THIS MONTH’S GOLD AND SILVER CHARTS,
US Major Indexes Consolidate Into Sideways/Flagging Pattern – Watch For Aggressive Trending Soon
Over the past few weeks, the US major indexes have consolidated into a sideways price channel. This is most obvious on the NASDAQ and SPY charts as we’ve seen moderately deep pullbacks through the months of April/May 2021. My research suggests this sideways price Flagging might be concerning for active traders/investors. When the market flags into a sideways price pattern and near an Apex level, price tends to act in a very aggressive manner while attempting to establish a new trend. The longer price continues to trade within that sideways/flagging price range, the more aggressive and violent the new trend
Stock Market Cycles Tipping The Balance From Euphoria To Complacency – Is Gold Setting Up For A Rally Above $2000 Again?
Gold has set up a very strong confluence pattern across multiple foreign currencies recently. This upside confluence pattern suggests that Gold has now moved into a much stronger bullish price phase compared to various currency pairs. This upside move in precious metals aligns very well with my broad market cycle phase research. I urge traders/investors to start paying attention as we transition into this new longer-term cycle phase. “Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscriber to TheTechnicalTraders services and encourage