YEET No. 3: Greetings from the Top 🏔
Welcome to The Yeet, a weekly DD where we try to tilt the casino...
Hey! I’m @yourboymilt, and welcome to retail’s Sunday Paper.
A big welcome to the 453 new YEETers since last week. I should probably let you know...This is not financial advice! We are here to entertain while giving you ideas, perspective, and angles. Do your own research, I prithee. And if you aren’t subscribed, join us here:
Creator/Editor: @YourBoyMilt Publishing Associate: @rclarkspear Pt. 1: Week’s Thoughts, Pt. 2: GME Opinion Piece (@jimengland), Pt. 3: General Electric DD (@jameoneill & @urinsideman ), Pt. 4: FLOW 101 (sign up for Unusual Whales!), Pt. 5: Watchlist & Case Studies (@deltagammaqueen ), Pt. 6: Index Forecasts (@daarkmaagician ) Pt. 7: TLDR
Pt. 1: Greetings From The Top 🏔
“I am a hopeless perma-bull, through and through, but perhaps I’ll see the light tomorrow.”
This is the humble prayer I whisper each night at my bedside, once I’ve brushed my teeth and turned on my Limited Edition Jerome Powell night light. Why is it that I—your fearless Bull Gang General—am hoping to change my ways?
Your boy is shook. I’m thinking this must be the top…
How could it not be? The S&P is at all time highs, hovering around 4,100 just as the administration attempts to dramatically increase the corporate tax rate. The 10 Year Treasury Yield is playing peek-a-boo, resulting in tech gains that are here one day, gone the next. The volatility “fear gauge”—and its derivatives—sink deeper underwater each week; spot VIX is now at 16, and the prospect of VXX in the single digits is as tempting a reversal play as I can imagine (apologies to $FUBO). And yes, it’s true, the 10-year-old video meme Nyan Cat was sold as an NFT for almost $600,000.
The thing about the business of predicting tomorrow is that it’s as tenuous as the consideration of an alternative viewpoint. Let’s think differently. SPY is cruising because the economy is booming, with unemployment numbers showing shocking acceleration toward normalcy. Rising yields signal a healthy economy, and outflow from tech means spreading the wealth as we embrace The Boomer Boom of value stocks. VIX is in Contango, and depending who you ask, VIX below 20 is actually a profitable time to go short volatility. So then, an answer for every question, a pacifier for every nightmare.
So, when we see bets placed against our market of tomorrow, why are we so scared? This huge VIX block order made the rounds this week, and everyone freaked out:
*Fart noise*. The YEET team realized: 1) It was likely a hedge and 2) if it was a hedge, 40 million bucks is chump change to some of the deeper-pocketed institutions. So, on one hand, we can scream bloody murder about the implications of a whale bet for 40 million bucks of VIX “iN tHiS EcOnOmY”. On the other? We can R-E-L-A-X, because it’s likely just some uber-wealthy hedgie’s hedge, placed for the same bearish reasons any bearish bull hedges. They’ve just got crazy money, while we’ve got 10 shares of UVXY.
So maybe the bull run is over…or maybe not—honestly, nobody knows. And isn’t the fun in that mystery? Isn’t that thrill why we return to the gauntlet, morning after morning, instead of enjoying some Index & Chill with 10% of our salary and a good night’s sleep?
For those that are still apprehensive of the world of tomorrow, here is a literal Benzinga Article ON HOW TO BUY SPY PUTS…
Welcome to YEET no. 3, brought to you by The Top.
Pt. 2: Opinion: GME After the Flop 🃏
A look at what has to happen for retail to win the ultimate Poker game. Finally. For good.
Contributor: @JimEngland
We’re running the highest level of cash we’ve run in years, maybe ever. […] I don’t think we’re done in terms of volatility in markets given what the liquidity is and uncertainty that’s out there. [...] When you get some pressures like this, it’s worth taking advantage of and trying to put some of that money to work.
-Rick Rieder, global fixed income CIO at BlackRock [video link]
The Flop. The Turn. The River.
The Card Room is thick with smoke. After a nauseating ride through the flop and the turn, we spectators lurking about the room have seen it all. We’ve bet side pots with each raise (yay, DFV!), gasped at the unscrupulous cheating of shifty power players (boo, Citadel!), and jumped for joy at each call as we reached the inevitable climax. At long last, the players are going all-in as we reach The River.
The Flop: After a generous flop gave retail the hot hand with an outrageous short squeeze (yes, that squeeze), the pot’s come down to The Annual Shareholders Meeting in June. The media would have you think it’s all over before the River is flipped, and the time has come for raucous retail to pack it on up. But, there is still a way retail can take the game. There is one re-raise yet that would send Citadel sulking into the corner, kicking the wall as we split the pot in @deepfuckingvalue’s deified name. What’s the play?
Recalling your shares.
You see, the pot is a bit of a mess. With the Annual Shareholder’s Meeting coming in early June, and a vote to be held on Ryan Cohen’s ascension to Chairman, GME is compelled to alert shareholders that if their shares have been lent out, they are not allowed to vote.
So, what?
First of all, if you think the Army of Apes is going to be chill with simply not voting for Cohen, you need to become acquainted with the passionate hive of folks at r/GME. Second, BlackRock—the institutional owner of the most shares of GME at 9 million—is quite cozy with Ryan Cohen, being that B.R. also invested heavily in CHWY. As an institutional owner and certified grift factory, BlackRock has also (very) likely loaned out tons of their shares to short selling institutions, including (very) likely to—you guessed it—Citadel Securities.
BlackRock and retail investors could form a Super Team and split the pot, with the simple move of mass recalling their lent out shares by April 20th. If this were to happen, Citadel would be forced to find and purchase additional underlying shares in a saturated GME market. Why? Because when loaned shares are recalled by the owner, the short seller they lent them to is required to come up with tangible, actual shares to close out the position. If Cohen tweeting a picture of an Ice Cream cone sent shares up 100% in a day, imagine what an actual price catalyst would do.
@DeepFuckingValue has a hand to play, too, that’s worth one last side-pot bet to yours truly. On April 16th, he has 500 call options to exercise or let expire...yet another raise to bully the pot. This decision—in addition to cementing his legacy and status as the Robber-Baron of a generation—would provide the frenzied catalyst retail needed to complete their fated moon mission. Plus he tweeted this just as we were publishing, lol.
So...call. No, literally, screw the metaphor—actually call your broker if you own GME, and switch from a margin account to a cash account to recall your shares! The winning hand is still on the table, and it’s up to the players to play it.
See you on The River.
Pt. 3: GE: An American Comeback Story 🗽
Contributors: @jameoneill & @urinsideman
Okay, boomer, step aside. We are bullish on a stock that’s been around so long it’s survived: a depression, two recessions, two world wars, The Beatles, The Migos, 8 Presidents, 8 fast and the furious movies, and both of Betty White’s acting careers. This is a Blast from the Past, a stock emerging from the GUH bunker like Brendan Fraser and his box of baseball cards, ready to adapt to the future.
The push to renewable energy is on a damn rocket, but kind of like one of Elon’s—there’s a risk of explosion on take-off. All of the players are jockeying for position, and there’s no shortage of politics involved. Look no further than this recent battle in the state of Texas; legislators deep in big oil’s pockets are attempting to push the cost of ancillary energy directly onto wind and solar providers. The future of renewable energy is still a wide open frontier, but it’s also a threat to the oil establishment—and that’s some heavyweight opposition. However, an array of supporters, from Warren Buffett to Amazon, have petitioned the Texas legislature to oppose the bill. Big oil has reigned over the energy sector as an unrivaled champion for a century, and they are prepared for a fight to keep that title. But who is crazy enough to step in the ring with opposition like that, and why would you bet on them? Well, let me ask you...D’ya like dags?
Enter General Electric, the American comeback kid. Now, Edison’s baby has been through some hard times to be clear. But, like Mickey, it can still pack a punch. After trading as high as 50 bucks a share at the turn of the century, some bad management, bad markets, and reduction of corporate bloat has whittled GE down to a $13.00 nub. GE used to do everything, and now, mercifully, they do less things...but they do them well. Healthcare? Yup. Microwaves & shit? You bet. Aviation? Sure. The resulting profits though, while admirable, haven’t been enough.
The completion of the GE turnaround has been missing an elusive component—what Jack Donaghey would refer to as the third heat. Healthcare and aviation alone weren’t enough to bring Ol’ Yeller back to profitability, nor are household appliances going to raise any eyebrows, so GE began to invest in the future. To what extent? To the extent that they quietly became the number one manufacturer of wind turbines in 2018.
That GE’s wind turbines are ubiquitous in the renewables landscape is affirmed by a new report from the American Wind Energy Association announcing that GE became the top manufacturer of wind turbines in the U.S. in 2018, edging out competitor Vestas to capture 40 percent of U.S. wind turbine capacity installations.
It’s becoming apparent that GE’s increasing foothold in renewable energy could revive their brand and maybe even send their share price back to the 50’s...literally and figuratively. They’re doing the right things; CEO Larry Culp has shown a willingness to eliminate less profitable components of the company, and aggressively increase in a sector with worldwide demand. The US is undeniably lagging behind in domestic offshore wind, but GE is ahead of the game and has been locking in contracts with some of the biggest global players—Orsted being one of them. Last year, despite a global pandemic and a brief slow down in contracts, GE’s renewable energy department was able to post a $5 million profit. Even in a “slumping” quarter like the fall of 2020, G.E. was setting up big-time contracts like Dogger Bank, and setting world records at one of the biggest wind farms in the world:
In addition, the Haliade-X prototype unit in the Netherlands, which set a world record in January 2020 by being the first wind turbine to produce 288 MWh in one day, will be operating at 13 MW in the coming months as part of its ongoing testing process. The Haliade-X 12 and 13 MW configurations have both received type certificates from DNV-GL, the world’s largest independent certification body, providing independent verification that the new turbines will operate safely, reliably and according to design specifications.
You know how much a 13 MW wind turbine costs? Well, shit, neither do I…but I bet it’s a lot. Large profit, long-term deals like this would be great for GE if they had, oh, I don’t know? Maybe a hand in virtually every key component of the burgeoning renewable energy infrastructure? As it happens GE is one of the few companies set up to be a “turnkey supplier”, meaning they can supply the design, production, construction, installation, and service components for all of these contracts. More news is coming out by the day, and even a possible RAMBO for some of their offshore wind partners, so @jameoneill’s flow chart is getting bigger by the hour.
Still not convinced? They also recently announced the combination of their GECAS business with AerCap.
The transaction simplifies GE and focuses it on its industrial core—Power, Renewable Energy, Aviation, and Healthcare—while significantly reducing GE Capital assets and generating proceeds to further de-risk and de-lever.
All you need to know is that that’s nerd speak for ‘BULLISH’.
So, we’ve got one of the oldest, most resilient businesses in our nation’s history successfully transitioning into a burgeoning new industry under a dynamic leader. What’s not to love? The only thing that could make it better is…tempting UOA!
The 15c is looking pretttttty nice on the 6/18 at 143,826.
But, wanna play it a little safer? The January 2022 leaps ain’t looking bad, either!
With the rotation into value gaining steam into the summer, and the renewable energy catalyst happening in the U.S. to boot, we’re looking to add some long GE on the dips at appropriate buy levels.
The YEET is initiating coverage at a triple 👴🏼👴🏼👴🏼 buy, which means absolutely nothing since this is not investment advice.
Pt. 4: FLOW 101: Intro to the Ocean 🌊
Just when I thought I was out….you pulled me back in.
In this intro to reading flow, and more specifically Unusual Whales’ dope Flow tool, we’re going to put the tool into practice with a simple but useful technique: verifying Whale Alerts you’re interested in, so you can buy with confidence. This will get you some practice in scanning, patterns, and filters, so we can get to the really good shit next week(ish).
Key Reminders and Application from UOA 101 and 102:
🛍 We love ask-side alerts, outside the money and preferably less than a month
🙈 We ignore earnings activity, but LOVE activity coinciding with RAMBO (non-earnings catalysts), which you can find at www.spotrambo.com
🐂 ‘Repeat bull/bear flag alert’ emoji is a CRUCIAL buy signal
⛔️ Alert filtering: I ignore ETFs, Memes, Indexes, Crypto, TSLA, Commodities, Oil tickers (I already have leaps and shares), and shit that has recently cratered (Archegos holdings, etc). That’s just me—makes things go way faster—5-10 minutes of eye scan EOD each day.
Enhancing Predictive Accuracy of Unusual Whales Alerts with Flow—The FLOW/Alert Economy ♻️
Example: FUBO // Discovered Wednesday // Popped Friday
For now, think of FLOW as a complimentary tool to the whale alerts as you get your feet wet. When we see a tempting alert, our first step is to check the FLOW.
🚨 The Alert: FUBO came through with some nice OTM calls and a repeat bull flag on 4/6 and 4/7. It’s now on our radar.
🌊 UW Flow Tool: We investigate the most recent alert of interest—the 4/7 alert (7:41 AM). Using Flow filters we search within a few minutes of the alert to find the options flow sentiment around that callout.
Now, most flow traders will tell you that options order flow trading is a feel thing. And it is…but fuck all that—I’m going to teach you how to feel AND think FLOW right here.
At this point you’re probably panicked. You see (above) a lot of call selling (bearish), amongst WAY TOO MUCH other stuff. Don’t fret, bud, that’s actually okay for 2 reasons:
If you investigate further, training your eyes to look at PREMIUMS, you’ll see the volume and premiums paid for call buys is more dominant (think of them as self-hedged bullish clusters from UOA 101).
Call and put sales are often a part of a variety of strategies (including straddles, strangles, spreads, and so on), especially around an unseen and approaching catalyst. So a lot of that activity is null. How do we do to get the meat of it, then?
We narrow things down with “Big Whale” and “Ask-Side” emoji filtering: We want to know what BIG WHALES are doing, so we can cut through retail noise and find out the bets to follow. First, we select the ‘big whale’ filter, and we widen our search to the entire day of the alert we liked (I run mine each night).
You should see a few things that you like here, now that you’re thinking like a FLOW trader. 1) No ‘Big Whale’ put orders (bullish), 2) One of the ‘Big Whale’ OTM call orders expires next week, 4/16, indicating urgency, and 3) The call sells are almost all leaps, meaning they don’t represent short-term bearishness. This is another bit of eye training—look at the expiration dates on the orders that come through, and focus on near-term expirations of the ticker you’re researching.
When we filter for ask-side 🛍 it gets even better…
So 1) we’ve got an outside the money whale alert, which has 2) led us to bullish call flow, which when 3) filtered for ‘big whales’ is almost singularly bullish that day, and 4) does become singularly bullish when filtered for the ‘ask side’ emoji.
I sleep soundly through the night, knowing I’ll probably YEET my life savings at FUBO tomorrow. Thursday morning after I’ve dumped some bags, I see that FUBO hasn’t popped yet, and I’m ready to YOLO that $210. To be safe, I check the “Big Whales” for Thursday to make sure the coast is still clear and…WTF, GUH?!
Puts everywhere! Or so it may seem...heh heh. Let’s start some eye training and look at ORDER FLOW TIME. It looks like four big whale put orders at the top, but if you examine the leftmost red box, you’ll see they all came in together in the same second of the same minute. It actually helps us confirm we’re still Gucci: that is a very BULLISH block of “big whale” activity, being three put sales (bullish) and a put buy (hedgish) in the same block. That, plus another FUBO Whale Alert coming through that day, and my decision was made. I liked the repeated bullish flag on FUBO, I liked the FLOW I saw when I investigated, and I saw nothing to dissuade me on Thursday when I checked the flow. I’m in.
This was a lot of info, so here is a shitty flow chart:
Trading flow is a game of getting the edge in a gamble, and seeing all this activity on FUBO—a heavily shorted ticker that’s been in a downtrend—I am IN for a 4/16 or 4/23 call. At some point you need to pull the trigger, and this was the moment for me. Next day…BANG:
Wanna do another one? Alright, let’s look at one from the first night I used flow a couple weeks ago, SNAP. Price upgrades are, like, 50% of what you’ll find in flow when you take out the noise. Same principles apply here—a SNAP whale alert comes through with what we love: repeated bull flag, close expiry, and it’s absurdly outside the money:
I will again search for THAT specific alert and the activity which surrounded it. This one is SNAP, around 8 in the morning, so I pop it into the search function:
Bullish activity! But I want to see more. Let’s apply the filters we talked about previously, and get the “Big Whales” with the “Ask-side” emoji that day.
A bullish masterpiece. Scant puts, and OTM calls as far as the eye can see. Also spread out over a few hours which, to me, indicates multiple entities are in the know.
I imagine the more advanced of you are wondering— “gee, won’t ask-side filtering skew bullish because it removes call sales?” Nay. Here is RKT searched with “Ask-Side”, “Big Whale” filtering in the same time frame on the same date:
So, using the same principles, we buy our SNAP calls on 3/31...and guess what happens 4/1? 👀
Step 1 of FLOW 101 (this is going to be multiple parts I think) is just to use the tool to filter your Whale Alert choices. Hopefully this gets you used to the tool, and next week we start the fun stuff: Sector Flow Spotting, The “Motley Fool Pick Guessing Game” (I’m undefeated), and how to identify Cramer Pumps pretty much every day.
📝HOMEWORK: For next week, practice eye-scanning by searching ‘Big Whales’, with a time filter for the last 30 minutes of the day. Track the OTM tech ‘Big Whale’, ‘ask-side’-filtered orders, and see if you spot any upgrades the next day…
If you want to chat FLOW, compare notes on whales, or have stuff I should answer in the next one, PLEASE DM or tweet @yourboymilt.
Pt. 5: The Watchlist (Picks & Case Studies)👀
Sign up for @unusualwhales, charts and case studies by @deltagammaqueen
UBER 🚕
Regulatory issues aside, I like what I’m seeing with them on the registers. Unusual Whales Alerts are ringing, and plenty of out of the money flow reads are popping up each day. I’m also buoyed by similar activity with LYFT, hinting at some improved price action in the rideshare sector (potentially regulatory help.) With a RAMBO on 5/10, I go monthly on the dip with a 5/21 slightly OTM call, and practice patience.
🐳 UBER: Unusual Whales Alert that caught my eye (OTM, ask-side)
🌊 UBER: Call Flow Bullish Ask-Side Big Whale filters (from today’s lesson, remember!)
📈UBER Chart (@deltagammaqueen)
MRNA 💉
Saw a lot of out of the money calls registered, and speaking at the Needham Conference next week in ADDITION to an Investor Day on the 14th. It ran a bit on Friday so I’m waiting for good entry, but I like them for even more upside and @deltagammaqueen likes the chart!
🐳 MRNA: Unusual Whales Alert that caught my eye (OTM, ask-side)
🌊 MRNA: Flow reading (reversal into the afternoon run on Friday from bearish morning)
📈 MRNA Chart (@deltagammaqueen)
👀Other notable watchlist choices: TSLA, NCLH/CCL, PLTR (below), NIO (below)
🪓Notable RAMBO this week: ZUO, PLTR, MRNA, M, LOW, APHA, NVDA, CCL
🖌Art of the Chart: Case Studies by @deltagammaqueen
At The YEET we’re all about learning and tools (see: long ass FLOW 101 earlier), so in this week’s picks section we decided @deltagammaqueen—who is on a hot streak of late—should share her charting thought process. Check out the charts on this week’s picks, with her case studies below!
📓 Case Study 1: Palan-Tears of Joy ($PLTR)
@deltagammaqueen: First, I think it's important to understand that price action is nothing but a composition of human emotions. All wave theory does is understand how price responds to humans emotions about certain events. Price always tends to move 5 waves up three waves down. There’s a lot more complexity to it if you want to go in detail, but a basic understanding of 5 waves up 3 waves down should keep a lot of people from chasing and wait for a better entry. As you can see on the PLTR Chart, after finding a bottom Price moves 5 waves up before correcting an ABC 3 waves down. This was within a bigger Wave 1 and Wave 2. So what are wave 1 and wave 2?Wave 1 is when buyers initially step in to try to gain momentum and reverse the stock whereas wave 2 is when buying power recedes and price falls and it ends up being a deep retrace because buyers are just starting to step in and there’s still bad news around it, like in PLTR’s case the recent lock up expiry and the quick 400% in 3 months caused a lot of profit taking due to overvaluation. Wave 3 is when the real fun begins. This is when positive momentum begins to unfold and there’s catalysts that make a case for a strong move in price action. PLTR is just beginning to enter its wave 3 and I thought this would be a good case study to follow along as we see how it responds to its ‘double click’ catalyst. Wave 3 is usually a fib component of wave 1. Algos are trained to trade off of fibs so it's a nice tool to have. Wave 3 is generally measured 1.618 extension or 2.618 of Wave 1. This is because this is where institutions step in and surge the price with a lot of volume. People tend to have short term memory so they will forget all about the down trend and start to chase in wave 5 and that is how they are left holding bags. So by using these tools and the measured move, I got targets of 30 for Palantir and this is how we can begin to come up with a trade plan. 30 is a good area to start taking scaling profits the higher we go. Using wave theory with game theory can help you trade like a fund rather than a clueless investor .
📓 Case Study 2: $NIO Comeback Season
@deltagammaqueen: NIO is another case study we can follow along over the next few weeks. After doing some late night 10-K digging, I found that their car manufacturing contract with JAC is expiring in May 2021 so by the end of April we should be able to find out about it. This is a big deal because NIO doesn’t manufacture their own cars and they spend a lot of money in operating losses each year. This is one the key bear arguments. The new contract agreement details could entail favorable terms bringing down costs of revenue improving margins that could help NIO have their first profitable quarter sooner helping people realize how undervalued it is.
This is also in Wave 3 of 3 so the chances of this exploding to 60 plus in the coming weeks to months is a real probability with this catalyst looming. Also on April 15th, NIO is going to officially launch its battery charging stations with Sinopec as well sign a new partnership so looks like the bad news of Chip shortage and anti-china sentiment is leaving it behind. The chances of them moving production in-house is looming so NIO should be an exciting stock to watch as well over the next few weeks. Biden’s infrastructure plan should boost EV sector.
Pt. 6: Weather: SPY & QQQ Forecast & Watchlist by @daarkmaagician 🌦
Below is the chart & info for a SPY & QQQ forecast from @daarkmaagician, his DISCORD is the place to be (YEETers get the first month free!). Last week he was on point, and I’ve attached his accompanying text as an image with the photo below. We’ve also included his WATCHLIST below.
Dark Pink= Dark Pool Buys Orange= Supports/Resistances Teal= 9ema Dark Blue= 50sma Dark Purple= 20sma
COLOR CODED SPY CHART Red= dark pool sells Green= buys Blue= recent/notable ATHs
Dark’s watchlist for this week. Updated on his DISCORD tonight: VLDR, DOCU, LULU, GRAB, MRNA, DASH, CLOV, CELC, MS, GPRO, GSK, NKE, DIS, STPK, OSTK, EXPE
Check out the latest video in The Magician's Lair to learn “The Strat”.🔥
Shoutout to the Mod “Word” from The Magician’s Lair! In the above video they talk a bit about “The Strat” by Rob Smith, and give detail about how they use it in their scans, what they look for, and how to use them to trade.
Make sure you follow @daarkmaagician to get updates on the indexes daily!
Pt. 7: TLDR & GOODBYE ✌️
Previous edition updates:
Peru votes for their President TODAY! Keep an eye on $SCCO pending the outcome of Round 1 of the election. We recently declared a bearish stance on $SCCO, pending results.
Blackrock-Ageddon: Please be aware that $PLUG is now down 16% since The YEET first covered the event and declared a bearish stance. With reversal potential, now could be the time to take the win and move on. @deltagammaqueen’s charts are bullish, currently.
TLDR:
Pt. 2: GME: retails needs a recall of shares to tip scales in their favor before the Annual Shareholder’s Meeting
Pt. 3: Bullish on General Electric in monthlies and LEAPs
Pt. 4: As an intro, use the Unusual Whale flow tool for alert confirmation
Pt. 5: Watchlist: Bullish UBER, MRNA, PLTR, NIO, TSLA, Cruise Lines
Heavy heart this weekend as I process the death of DMX. The younger generation may know him for his antics more than his impact, but he was an exceedingly inspirational person and artist. All dogs go to heaven. Rest in Peace X, you will be sorely missed. 💔🐕
Goodbye and thanks for reading! Questions, scoops, comments @yourboymilt or /u/alldatdalton. See you next week! ✌
the quality of this dd is worth a lot of money, glad it's free cuz I'm broke from my options plays. never stop bro, love the memes. the ge play seems like a safe win
Socialist Pedro Castillo is favored to win the runoff election in Peru. Seize the means of production? About Pedro -
He argues that Peru has not been governed in the interest of the vast majority of Peruvians and has called for "drastic changes".
He has backed calls by anti-government protesters for a new constitution and says that under his leadership a constituent assembly will be created to draft a constitution that "has the colour, smell and flavour of the people".
During his campaign, Mr Castillo proposed nationalising companies in a number of "key" economic sectors such as mining, oil, hydroelectric.
It might still get weird for SCCO.