El Oso Blanco
18.6K posts



$SOC
Positive development and I’d even say a win today in Geck court for sable.
Geck doesn’t want to touch this and is letting someone else make a determination.
Geck has turned out to be who I thought Anderle would be early on.
She rules on what’s best for her career and has some concept of the law. My guess is she has ambition for a higher court and knows acting in a corrupt/partisan way would not bode well for her.
Win for the good guys.
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@duedillengence @100xCompounding Probably not, but this is a milestone that finally removes the speculation of whether or not anyone would truly back their operation. What is certain is that the stock price will indeed find itself in the 20's and beyond. That is a massive win and should be celebrated.
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@100xCompounding I hope this is the actual end of the drama. I find that doubtful. Nonetheless, I own it as this is a huge step forward. I just don’t think we’ve heard the end of the drama.
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Been a wild one.
My partner and I are proud of how we navigated this one.
Special situations are a part of the book and this one was totally consuming and our original thesis was wrong and we are fully transparent with that.
We were wrong about the states inter workings, the political motivations of those involved, and a myriad of other things.
In the meantime we remained convicted on the idea, thought the asset being in federal waters was a compelling piece of the puzzle and so we did not just hold on but added overtime to bring our basis down to below $10 p/s.
I am proud not in the money we will make here but in the process we employed, the rationality with which we applied it, and our ability to stand in the pocket when market forces are working against you.
$SOC
El Oso Blanco@Supertainment
$SOC it's been a long road friends, pop the champagne and take a sip out of your finest glass... A little orange juice on the top to make it all the sweeter. Congrats to my favorite regards. @JasonStrom_ @100xCompounding @ultradeepa @planert41 @JayCrude265 @OsborneCoggs
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$SOC it's been a long road friends, pop the champagne and take a sip out of your finest glass... A little orange juice on the top to make it all the sweeter.
Congrats to my favorite regards.
@JasonStrom_
@100xCompounding
@ultradeepa
@planert41
@JayCrude265
@OsborneCoggs


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@MCorleCapital Gotcha. Thanks for filling me in. I was one of the folks who got burned back in December.
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@Supertainment They can't transport it through the pipeline. The rest, they have everything. So they had to close the rigs. So they kind of had a mini test run.
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$SOC remember 500k barrels are already in storage. Sale can come before Rigs are firing.
GIF
Osborne 🌵@OsborneCoggs
$SOC rigs online Monday
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@Killiabtensen Fair enough. Your analysis is clean, but a squeeze is almost guaranteed if the EO is what we all expect.
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News is the fuel, but the chart is the map. 2 PM might provide the volatility, but if the technicals are screaming 'Buy Climax,' that catalyst is likely the final hook. I’ll be sitting on my hands until the 'Automatic Reaction' confirms the next high-RR entry. Patience is the only edge here.
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Look at the absolute verticality on this $SOC (Sable Offshore Corp.) 4h chart. If you were FOMO-ing into that massive spike toward the $17.22 peak, you likely just provided the final exit liquidity for the smart money that has been positioned since the $6.54 accumulation base. That wick at the top is a textbook institutional rejection—a clear signal that supply has finally overwhelmed the late retail buyers. You are seeing the "dumb money" get sucked in at the absolute peak of a parabolic Wyckoff markup, and the hangover is going to be brutal.
This move from the single digits has been a masterclass in trend manipulation. Institutions built their size in the $6.50 - $9.50 range, and what we just saw was an engineered expansion designed to manufacture maximum retail engagement at the most expensive prices possible. A blunt warning to the rookies: stop chasing green candles that look like skyscrapers. When a stock goes parabolic, the risk-to-reward ratio for a long entry is completely broken. You are not "investing" at $17; you are gambling that someone else will be a bigger fool than you at $18.
Stepping in front of a potential mean-reversion move is the fastest way to see a 20% drawdown in a single session. The trend is still technically bullish, but the tape is screaming "overextended." We just saw a massive Buying Climax (BC). We are now looking for a natural "Automatic Reaction" (AR) to bring price back into a high-interest liquidity zone. Do not mistake the first minor bounce for a bottom; smart money is waiting for a much deeper reset before defending this trend.
For the active day traders, patience is your only edge here. We are hunting for a pullback into the primary SMC demand block near the $14.00 - $15.00 technical shelf. We want to see a "Backup" phase where previous resistance turns into confirmed support on declining sell volume. If we hold the $14.50 level and see a clean lower timeframe market structure shift back to the upside, that is your high-RR entry. But if we lose the $13.30 structural low on high volume, the party is over. Let the tape confirm the setup before you risk a cent.
Detailed plan in my notes. [Link in Bio]
#SOC #SableOffshore #DayTrading #SMC #Wyckoff #PriceAction #StockMarket #TechnicalAnalysis

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If a couple drones hit this thing and it turns to dust tomorrow istg

Patrick Howley@HowleyReporter
Hey guys, Lucky Larry Silverstein recently purchased U.S. Bank Tower in Los Angeles. You should probably not show up to work there in the near future
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@redaction Sincere conviction? Who in their right mind would possibly believe that he is even remotely sincere in any aspect, let alone in his convictions?
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@wallstengine Are you just predicting or does this information have a source?
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@9198x Welcome... we remember when $SOC first pissed us off
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