The SOX index and ALL the chips are so oversold it doesn't make any sense.
Stock Markets
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Last: 1 hr ago by ProgN
AMGN
Whoop. How's that for entry?
Whoop. How's that for entry?
Watching AMD flirt with $30 again and again this morning is ridiculously fun
Still running?
It had a little dip, down to 1.77. I bought another handful. It's gone above 2.07 twice in the last two hours.
What do we think about MU? Going to come back and fill that gap tomorrow and run a bit or is the chip market just too much of a mess?
Weekly calls at 44.5 strike are only $0.39
Weekly calls at 44.5 strike are only $0.39
I did something like that last week and it worked out. But MU just is struggling something fierce.
Yeah, some dumbass analyst cut his price target to $70 from $83 but maintained outperform. That's putting further pressure on chips.UpstateAg said:
I did something like that last week and it worked out. But MU just is struggling something fierce.
MDB up another ~20% since end of August. Anyone start watching/trading it?
Roku still on a tear. Up 75% so far.
It may pull back but it sounds like you're holding this long term. They should crush earnings, but may pullback before then on profit taking. The CEO (a fellow Ag) is a very rich man.
ive taken about 40% off the table and plan to hold the rest until the dynamic changes.Prognightmare said:
It may pull back but it sounds like you're holding this long term. They should crush earnings, but may pullback before then on profit taking. The CEO (a fellow Ag) is a very rich man.
Smart move, like I've said previously on this board, I see them being bought out by one of the bigs. JMO, no inside knowledge.Ragoo said:ive taken about 40% off the table and plan to hold the rest until the dynamic changes.Prognightmare said:
It may pull back but it sounds like you're holding this long term. They should crush earnings, but may pullback before then on profit taking. The CEO (a fellow Ag) is a very rich man.
Prognightmare said:Yeah, some dumbass analyst cut his price target to $70 from $83 but maintained outperform. That's putting further pressure on chips.UpstateAg said:
I did something like that last week and it worked out. But MU just is struggling something fierce.
Yeah I saw that, i went ahead and just bought one cheap weekly to see if it can bounce up in the next couple days
I would have bought the last week of the month. It's the end of the qtr and mutual funds position themselves before quarterly statements come out, the industry calls it window dressing and MU at these low levels is poised for a massive buy in by mutual funds. JMO.
ETA: Or I'd have purchased the first week of October but MCHP is F'ing me and I'm locked up.
ETA: Or I'd have purchased the first week of October but MCHP is F'ing me and I'm locked up.
Prognightmare said:
I would have bought the last week of the month. It's the end of the qtr and mutual funds position themselves before quarterly statements come out, the industry calls it window dressing and MU at these low levels is poised for a massive buy in by mutual funds. JMO.
ETA: Or I'd have purchased the first week of October but MCHP is F'ing me and I'm locked up.
Yeah I'm already in a few things for mid October that are not doing great, so wanted the cheap premium here to see if I can hit. Also just playing OAs strategy of "gaps fill"
Honestly if it just gets to 44 or so I'll close it out
I think it will print a trade at 45 this week, on the conservative side. That's if some dumbass analyst doesn't come out with bs like what happened today.
Prognightmare said:
I think it will print a trade at 45 this week, on the conservative side. That's if some dumbass analyst doesn't come out with bs like what happened today.
Down another $1+ in premarket so that doesn't look good
All chip and chip equipment stocks are down pre market. Hopefully flushing out all the sellers. We'll see.
Had a couple weekly MU puts I sold this morning. sticking to a take 30% profit and go mentality since I've done some stupid stuff lately.
ETA, if I wait ten more minutes, I could have taken 100+%. Such is life
ETA, if I wait ten more minutes, I could have taken 100+%. Such is life
DBX seems to have bounced off the v bottom which is a good sign it's still recovering
I think I'm going to employ the 30% system as well as I have been hit a few times over the last few weeks being a bit greedy
I think I'm going to employ the 30% system as well as I have been hit a few times over the last few weeks being a bit greedy
What's your opinion of MCHP? It hit it's lower Bollinger band today and it looks like a double bottom.
https://www.cnbc.com/2018/09/12/us-markets-trade-conflicts-continue-to-fester.html
Quote:
The Dow Jones Industrial Average rose to a session high on Wednesday after a report said the U.S. is proposing new trade talks with China.
Prognightmare said:
https://www.cnbc.com/2018/09/12/us-markets-trade-conflicts-continue-to-fester.htmlQuote:
The Dow Jones Industrial Average rose to a session high on Wednesday after a report said the U.S. is proposing new trade talks with China.
Come on chip and tech stocks (and JD)
agreed
Prognightmare said:
What's your opinion of MCHP? It hit it's lower Bollinger band today and it looks like a double bottom.
My much less educated opinion than OA thinks it looks like a v bottom
Thanks
That didn't last long
Nope, that Goldman Sachs call on memory chips this morning put so much pressure on chip and chip equipment stocks.
DJI back red, that was quick
Prognightmare said:
What's your opinion of MCHP? It hit it's lower Bollinger band today and it looks like a double bottom.
MACD turned positive on it as well.
BABA
If you weren't selling as it busted $262.50 shame on you. Odds are you get another bite at the apple early tomorrow but then expiration will flatten out further movement.
If you weren't selling as it busted $262.50 shame on you. Odds are you get another bite at the apple early tomorrow but then expiration will flatten out further movement.
Sold my BABA calls (not for nearly what they are going for now) and bought AMGN calls you recommended. Resistance area 202?
UpstateAg said:
Sold my BABA calls (not for nearly what they are going for now) and bought AMGN calls you recommended. Resistance area 202?
AMGN has held its trend line last 2 days so expect a move upward tomorrow.
Another call option entered is QCOM Oct 5th $73 strikes. It flashed below moving average trend line and raced back upward today.
That is 3 days hitting and then pressing near 52 week highs. Looks like explosion momentum and trend trade.
Alsox anytime I see TSLA up more than $15 I buy weekly Puts $7 lower. Worked 3 times now.
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