There's forecast demand. "Much lower"

El_duderino said:

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It missed on both I thought. Not sure on guidance though

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This would make sense. These days it seems like beats bring a stock down and misses bring them up.

they were never going to come close to beating the misses were already baked in

Not terribly surprised TSLA is rallying. Horribly oversold. Also doubt it's a long term bottom.

I'm of the opinion that it bottoms when Cathie Wood gives up. Every stock she capitulates on eventually rallies hard. Will wait patiently. If this was the bottom, so be it.

We haven't even hit a recession yet.

BaylorSpineGuy said:

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Not terribly surprised TSLA is rallying. Horribly oversold. Also doubt it's a long term bottom.

I'm of the opinion that it bottoms when Cathie Wood gives up. Every stock she capitulates on eventually rallies hard. Will wait patiently. If this was the bottom, so be it.

We haven't even hit a recession yet.

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POWL reports next week

I almost nibbled at 122 but never did. Didn't see your follow up post. Anyway….shame on me. It's up massively in that time.

Hope it is good. Very good.

BaylorSpineGuy said:

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I almost nibbled at 122 but never did. Didn't see your follow up post. Anyway….shame on me. It's up massively in that time.

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You were supposed to remind me doc.

Anyway, it's flashing buy indications so I added more across all accounts today at $142.25. I don't have inside info but with their backlog of over $1B in sales, I'm not too concerned about their earnings and I'd rather ride it instead of watching fly away from me.

If they do smash earnings, it wouldn't surprise me at all if they declare a split and they need to imho. Their float is way too f'ing small for the money they're making.

I broke my own rule and added on a position I'm down on but I increased my shares of SNOW at 147 yesterday. It formed an RDR yesterday and had follow through today so hoping for a rally for several days.

Quote:

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I broke my own rule and added on a position I'm down on

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weird rule

EliteZags said:

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Quote:

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I broke my own rule and added on a position I'm down on

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weird rule

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Many of the great ones have followed that rule. Believe it's a Peter Lynch principle if not mistsken. Basically….dont double down on a bad thesis. Add to winners not losers.

People have averaged down on WWR for a long ways. It's 40 cents now.

I'd be at 4 figure loss on PLTR instead of 6 figure gain

EliteZags said:

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I'd be at 4 figure loss on PLTR instead of 6 figure gain

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To be fair, that stock showed a reversal and has made a series of higher highs. Adding to SNOW where I did, it had made lower highs and lows. Certainly not a risk free strategy.

And I hope you got out of PLTR sometime over the last month

EliteZags said:

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Quote:

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I broke my own rule and added on a position I'm down on

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weird rule

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It's actually one of the most basic rules traders should learn early on. If they don't, their career will be very short.
Averaging can work out 9 times out of 10, but that 10th time will likely wipe out all other gains.

Note: I'm not talking about long term investing in index funds or retirement accounts.

BaylorSpineGuy said:

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EliteZags said:

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I'd be at 4 figure loss on PLTR instead of 6 figure gain

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To be fair, that stock showed a reversal and has made a series of higher highs. Adding to SNOW where I did, it had made lower highs and lows. Certainly not a risk free strategy.

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I also added some as well and I suspect that their earnings and forward guidance will be above expectations. We will find out soon enough.

BaylorSpineGuy said:

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People have averaged down on WWR for a long ways. It's 40 cents now.

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Please don't ever put WWR and SNOW in the same zip code doc.