Wednesday, February 26, 2020

Unusual Data trading strategy

From Zero Hedge: (Zero Hedge Exclusive) 2/26/2020 -- So we all know there is one thing that can stop Coronavirus in it's tracks:  Stay at home.  That begs the question that what you will do all day?  Choices are many but for Zero Hedge readers and many others there's one clear activity that will consume your day: Trading.
We're not going to go into a diatribe on the waste of time trading Crypto, other than to say it's really difficult to make money in Crypto unless you know the flow because you control the float.
So what's left is stocks, another manipulated market - but here's an interesting and unusual strategy based on 3 unusual data sets:
  • Employee Options Lockup Expiry  
  • Securities Class Action case announcements
  • Executive movements (hiring & firing)
These unrelated data sets have interesting implications.  What's cool is they are not widely followed as the more commonly known economic indicators like NFP.  Let's quickly break down one at a time.
Employee Options Lockup Expiry means the date at which employees can exercise their options.  What do 99% of employees do when they can?  They sell.  Many traders know this will create a dip down in the stock no matter how strong it is, especially for big companies where there can be many employees.  It's possible, but not easy, to find dates when these lockups expire.  Go short hours before, typically it will be 4pm or after hours so be prepared to hold for the night.
Securities Class Action case announcements don't always move stocks, as the cases are usually filed after a big drop in a stock.  But that's not always the case.  Sometimes an announcement of an action can drive the price lower - especially if criminal fraud is involved.  Here's where it takes a bit of research.  You have to know the cases and the companies well.  Today's example of the OPRA stock case announcement actually sent the stock higher.
OPRA finished up 13%+ on the day, even after this bad news.  A short squeeze perhaps, but it just goes to show you that it can go either way.  Same thing for the next strategy.
Executive Movements means hiring and firing of CEOs.  Sometimes, a stock will rally after a CEO is fired, other times the opposite.  It all depends on the situation, which is where a bit of homework is involved.  And for all these strategies, you have to watch the headlines.  In some cases you can find direct feeds of info like this, such as Glancy's site that has "New Cases" lists, or you can develop your own.
These strategies require lots of work - research, time, and a skill for analysis.  If you don't have these, you can develop them.  With Coronavirus Quarantine coming soon, you will have lots of time.  This is just one suggestion to put it to good work.  Good Luck!

Leaked Docs Reveal Covid-19 Infections Up To 52 Times Higher Than 'Official' Figures In China's Shandong Province

The novel coronavirus outbreak in eastern China’s Shandong province is much worse than the officially reported, according to a series of internal government documents obtained by The Epoch Times.
Between Feb. 9 to 23, Shandong authorities underreported the number of infections every day, according to internal data compiled by the Shandong Centers for Disease Prevention and Control (CDC). The latter kept a tally of the number of patients who tested positive for the virus during nucleic acid testing—using a diagnostic kit to test body samples and detect whether they contain the virus’s genetic sequence.
The Shandong CDC daily new infection numbers ranged from being 1.36 times to 52 times greater than the officially published data by the Shandong health commission and China’s National Health Commission.
As of Feb. 25, the Shandong government stated that there were a total of 755 infections in the province. But the internal document showed that 1,992 people had tested positive for the virus via nucleic acid testing as of Feb. 23.
The government publicly stated that there were four newly diagnosed coronavirus patients on Feb. 22, but the internal document said that 61 patients were diagnosed with the virus that day.
In recent days, official data has shown new infections leveling off. For example, on Feb. 25, the National Health Commission reported only a total of nine new diagnosed cases outside of Hubei province, where the outbreak is most severe.
In fact, Shandong alone had new infections in the double digits daily. On Feb. 20, new infections spiked, with 274 testing positive.
To date, this is the most definitive evidence that Chinese authorities routinely underreport cases. Previously, The Epoch Times interviewed staff at funeral homes in the city of Wuhan, the capital of Hubei, who said they had to work round the clock in order to keep up with the dramatic increase in workload.
Health experts have also hypothesized that Chinese official figures are inaccurate, based on their statistical modeling. Recently, a group of American researchers published a study, not yet peer-reviewed, in which they suggested cumulative infections and deaths in China could be “substantially higher” than officially stated—by a factor of 5 to 10.
U.S.-based China commentator Tang Jingyuan told The Epoch Times that authorities reporting fewer infections was likely a tactic to convince Chinese citizens that the virus’s spread was contained and thus, it would be safe to return to work.
Chinese businesses were shut down for the Lunar New Year holiday, which was extended in order to prevent cross-infection in the workplace. The central government, fearing the economic inactivity could have long-term impact, asked firms to resume operations on Feb. 10.
“It [Beijing] is trying to create an image that most of the country is safe enough to resume production,” Tang said.


The internal data shared with The Epoch Times includes a breakdown of diagnostic results from all 16 prefectural-level municipalities in Shandong province, which were sent in an email to the disease control department of the Shandong health commission.
The Shandong CDC compiled daily statistical reports about coronavirus diagnoses, tallying positive test results at all hospitals in the province that were qualified to conduct such testing.
For example, on Feb. 22, Qishan Hospital in Yantai city tested 229 patients. 12 of them were diagnosed with the coronavirus.
Qishan Hospital is a dedicated infectious disease hospital.
At times, the Shandong government reported one or two new diagnoses to the public, when the internal data showed much more.
  • On Feb. 22, for example, the government reported two newly diagnosed cases in the day prior, but the real data was 59.
  • On Feb. 20, the government reported two newly diagnosed cases for Feb. 19, but the real data was 49.
  • And on Feb. 19, the government reported one newly diagnosed case in the day prior, but the real data was 52.
  • For the period between Feb. 8 to Feb. 22, the government announced that there were 347 newly diagnosed cases, but the internal data shows 1,072 new patients—more than 3 times the published figure.

Diagnostic Kit Not Sufficient?

One Chinese researcher suggested that diagnostic kits alone would not be able to detect all the virus-infected patients.
“This disease [coronavirus] has a character, which is not all patients can be detected positive when use nucleic acid testing,” Wang Chen, director of China’s Academy of Medical Sciences and a critical care medicine expert, told state-run broadcaster CCTV on Feb. 5.
Wang explained that although nucleic acid testing is currently the only official test method that Chinese medical staff use to diagnose coronavirus, the result is not accurate.
“Only 30 to 50 percent of the patients present positive,” according to Wang.
He explained that all patients who test positive are infected with the coronavirus, but another 50 to 70 percent of patients are actually infected but cannot be detected by nucleic acid testing.

Securities Class Action Glancy Law

Press Release: Glancy Prongay & Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Opera Limited

From Globe News Wire:

LOS ANGELES, Feb. 12, 2020 (GLOBE NEWSWIRE) — Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming March 24, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of Opera Limited (“Opera” or the “Company”) (NASDAQ: OPRA): investors who purchased (a) American Depositary Shares (“ADSs”) pursuant and/or traceable to the Company’s initial public offering commenced on or about July 27, 2018 (the “IPO” or “Offering”); and/or (b) securities between July 27, 2018 and January 15, 2020, inclusive (the “Class Period”).
If you are a shareholder who suffered a loss, click here to participate.
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles Linehan, Esquire, at 310-683-4745, Toll-Free at 888-773-9224, or by email to, or visit our website at
On January 16, 2020, Hindenburg Research published a report alleging, among other things, that “Opera’s apps are now in black and white violation of numerous Google [Play Store] rules” on predatory, short-term lending, and misleading apps and that Opera had spent $9.5 million to purchase a business already funded and operated by Opera.
On this news, Opera’s share price fell $1.69, or over 18%, to close at $7.33 per share on January 16, 2020, thereby injuring investors.
The complaint filed in this class action alleges that Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) Opera’s sustainable growth and market opportunity for its browser applications was significantly overstated; (2) Defendants’ funded, owned, or otherwise controlled loan services applications and/or businesses relied on predatory lending practices; (3) all the foregoing, once revealed, were reasonably likely to have a material negative impact on Opera’s financial prospects, especially with respect to its lending applications’ continued availability on the Google Play Store; and (4), that as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Follow us for updates on Twitter:
If you purchased Opera ADSs pursuant and/or traceable to the IPO and/or securities during the Class Period, you may move the Court no later than March 24, 2020 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-683-4745, Toll-Free at 888-773-9224, by email to, or visit our website at If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Glancy Prongay and Murray LLP, Los Angeles
Charles Linehan, 310-683-4745 or 888-773-9224

Data Byte OPRA-DataByte

Law FirmGlancy Prongay and Murray LLP
Company NameOpera Limited
Stock SymbolOPRA
Class PeriodJuly 27, 2018 and January 15, 2020
Lead Plaintiff Motion DeadlineMarch 24, 2020
Contact AttorneyCharles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067
Contact Phone310-801-2829
Press Release
Glancy Page
Case SummaryOn January 16, 2020, Hindenburg Research published a report alleging, among other things, that “Opera’s apps are now in black and white violation of numerous Google [Play Store] rules” on predatory, short-term lending, and misleading apps and that Opera had spent $9.5 million to purchase a business already funded and operated by Opera.
On this news, Opera’s share price fell $1.69, or over 18%, to close at $7.33 per share on January 16, 2020, thereby injuring investors.
 On this news, Trulieve’s share price fell $1.51, or more than 12%, to close at $10.40 per share on December 17, 2019, thereby injuring investors.
About the CompanyOpera Limited, through its subsidiaries, provides mobile and PC web browsers in Ireland, Russia, and internationally. It offers mobile browser products under the Opera Mini, Opera for Android, and Opera Touch names; PC browser under the Opera for Computers name; Opera News, a personalized news aggregation app; and Okash, a microfinance app. The company was founded in 1996 and is headquartered in Oslo, Norway.

Tuesday, February 25, 2020

Sanders Supporters Get "#EatTheRich" Trending On Twitter In Epic Bloomberg Troll

From Zero Hedge:

It's official: A gang of terminally online Bernie Sanders supporters has succeeded in making the hashtag "#EatTheRich" the most popular political hashtag in the US as part of a campaign to mock Michael Bloomberg's decision to 'buy the presidency' by pouring his immense wealth into self-financing his campaign.
It all started when one user pointed out that Bloomberg once supported Michigan's former Republican Gov. Rich Snyder, the public official who has been blamed for Flint's Water Crisis, before arguing that Bloomberg could single-handedly "fix" Flint's water crisis (federal officials actually certified that Flint's water was safe to drink back in 2017) with just a fraction of the money - a mere $50 million - that he had spent on his campaign.
Now, it doesn't matter that Flint is nearly finished replacing the lead water lines at the root of the crisis, or that, although Snyder escaped criminal liability, dozens of state, local and federal officials involved in the decision to switch Flint's water supply to the Flint River are facing jail time.
No: It's just another example of how an 'evil billionaires' is leeching off the good people of America - you know, the real Americans, the ones who major in Art History and Gender Studies before moving to Brooklyn and becoming one of those people who kind of just hangs around working on 'projects' - instead of singlehandedly solving a crisis he had no hand in causing.
The final straw was when the Bloomberg campaign twitter account tweeted a picture of a sign that said "Eat the Rich", which had been plastered over a Bloomberg campaign poster.
Bloomberg's team complained that the vandalism was part of a broader campaign of harassment that also included an incident where windows to one BBG campaign office were smashed in.
That led to dozens of pro-Sanders twitter trolls to complain about Bloomberg's complaining, telling the billionaire candidate to stop being so "butt hurt"...
Bloomberg literally campaigned for Republican Gov. Snyder, who allowed Flint to become the poorest city not only in MI but in the country; oh, and is responsible for the citizens of Flint to have no clean drinking water...but you're butt hurt over a sign? 
934 people are talking about this
...Before deciding to get "#EatTheRich" trending.
What an accomplishment - because we all know how underrepresented left-wing voices are on twitter. Nice going, guys!
I can't give up faith in a world where Weinstein has been found guilty, Bernie is winning and is trending.
900 people are talking about this
Leftists love proving to the world that they can perform basic math with the aide of a calculator.
Re: Bloomberg being able to pay to fix Flint. If he paid the $55m, it wouldn't even be ONE TENTH of ONE PERCENT of his wealth.
View image on Twitter
204 people are talking about this
How could anybody be against restoring clean water in the city of Flint, Michigan?
When a billionaire would rather spend his money on a fail campaign rather than fresh water for the city of Flint, it awakens an appetite...
View image on TwitterView image on Twitter
396 people are talking about this
Some people seemed...a little too excited?
Sanders' band of leftist twitter trolls have attracted some controversy lately for allegedly harassing...well...everybody who doesn't agree with them on every issue.
Bloomberg struck back in kind, tweeting about Sanders' defense of Castro...
Fidel Castro left a dark legacy of forced labor camps, religious repression, widespread poverty, firing squads, and the murder of thousands of his own people.

But sure, Bernie, let’s talk about his literacy program.
10.6K people are talking about this opinion that's actually widely held by Sanders' most hard core supporters.
In 60 years, Cuba has achieved:

—79.74 years life expectancy (US: 78.69)

—99.75% literacy rate (US: 99%)

—0% homelessness (US: .17%)

—1.7% unemployment (US: 3.6%)

All this, despite decades of the cruelest embargo in history.

Defending Cuba shouldn't even be a question.
17.8K people are talking about this

Hmm...if that's all true, how come everybody is still poor and most would leave if the government allowed them to?

Options Managed Account - Alternative Investing