Have you heard about this?
Bill Gates would like to “cool the earth” … so he has a plan to *checks notes* block or dim the sun.
Honestly, who do these people think they are? (And let’s not even talk about Bill Gates and “cool.”)
Yeah, he wants to create that nuclear winter they were afraid of in the 1980s.
Or simulate the way volcanic ash blocks the sun which, by the way, prohibits crops from growing.
This is accomplished by spraying particles in the upper atmosphere to reflect sunlight in the hope of bringing down temperatures.
But Bill knows what’s best for the entire planet!
He’s like a real-life Clippy from old-school Microsoft Office — energetic and trying to be helpful, but it’s just not working out.
Gates is funding a research group at Harvard University that is exploring the concept, known as “solar engineering.”
The effort’s not-evil-sounding-at-all name: Stratospheric Controlled Perturbation Experiment, or SCoPEx.
Scary stuff, I think.
My favorite argument against all this climate crisis fear-mongering is the fact that humans’ representation on the earth’s timeline is the size of a pinhead … and the length of time we’ve been actually recording any data is even smaller.
Do we need to take care of our planet and keep it clean? Absolutely!
But blocking the sun … our source of life, no way!!
A town in Sweden that had agreed to host a test balloon launch related to solar engineering recently pulled out.
Good for them!
Find somewhere else to spend your money, Bill Gates.
I am pretty sure you’re not surprised by my climate crisis opinion.
And, yes, I am lumping Gates in with the rest of Big Tech — too much power.
Blocking the sun literally sounds like a plan hatched by Superman nemesis Lex Luthor.
I am going after Facebook (Ticker: FB) again.
I was hugely wrong at $300, thinking FB was ready for a pull back.
FB has since traded over $315. Take a look at the stock chart:
Thursday’s candlestick has formed a hanging man and Friday’s candlestick could be the confirmation by opening lower.
The hanging man is found at the top of an uptrend and could signal the end of that trend. It has a small body and a longer lower shadow which means the bulls are tiring.
I think FB could trade back down to $300-$305.
Looking at the options, I like the Apr16 expiration, which is Friday, so if I do not get the move I am looking for, I need to get out quickly.
I like buying the Apr16 310 puts with an implied volatility of 25.58 and selling the 300 puts with an implied vol of 27.64.
I would pay up to $2.40 for the $10 spread.
Like I said, if FB does not move my way — down — I will get out pretty quickly. If the spread trades down to $1.80, I will take my losses.
I would take my profits at the $3.50 level and higher.
My ebay (Ticker: EBAY) Apr16 62 puts are down a tad, but I am hanging onto them.
Have a great weekend and LET THE SUN SHINE IN!
Thanks for Reading … See You Next Tuesday!