I went ahead and exited all my AMD calls this morning. Thanks for the heads up on that option earlier on!

oldarmy1 said:

---

OSTK has the looks of a bottom finally. If so then look for a move above $10 with close to confirm. Unless a catalyst hits for rapid rise it looks more of a slow trend that would escalate if/once it reaches above $11.50.

---

It seems OSTK just can't help themselves with the crypto crap...

https://seekingalpha.com/news/3470097-overstock-com-eyes-blockchain-potential-africa?source=feed_news_all

Quote:

---

Overstock.com (NASDAQSTK) says its Medici Land Governance blockchain subsidiary signed an agreement with Liberia's Ministry of Finance and Development Planning.

The company memorandum of understanding is expected to lead to a pro bono pilot project exploring the potential for the digitization of existing government services and the development of e-government platforms in the African country.

Overstock.com CEO Patrick Byrne says African nations are growing enthusiastic about the possibility of using blockchain to accelerate their development.

---

AMD announced their 16 core, 32 thread at e3

Dan's a good follow. Educated trader.

And I noticed NFLX, ROKU and DIS all had red days at some point today. Definitely something going on sector wise.

FWIW, Cramer told a caller not to buy ROKU because he expects a pullback and he said buy it at a better price. It was on MM today.

I like following Dan and he is good.

NFLX was a weird one in the afternoon. Even though the daily shows a bearish engulfing candle, the 15 min chart shows a falling wedge. I think there will be a spike continuing from the bullish signal but from there it could end the day falling to support levels. I'm playing a weekly call and plan to sell in the am if it spikes. All of course hinges on the macros.

tailgatetimer10 said:

---

AMD announced their 16 core, 32 thread at e3

---

I need to look into this more but if this is true about the streaming portion, that is a ton of support right there for a huge way of initial buys.

https://www.google.com/amp/s/www.theverge.com/platform/amp/2019/6/10/18660213/amd-ryzen-9-3950x-16-core-gaming-cpu-processor-e3-2019

Futures +14

pilot_64 said:

---

Read this interesting article about using a Fibonacci based product 'Fibo Scalper'.Any forum members have knowledge of it or similar products that work...https://bartonisports.home.blog/2019/06/09/fibonacci-and-how-it-can-make-you-rich/

---

IMO Fib. retracements and extensions can be useful. There's nothing magic or mystical about them, but it's an easy way to project a target price when other technicals are absent. I certainly would not pay for any software just to mark Fib. retracements. Fib. projections are generally included in any half-decent charting software, or just break out a calculator and tag the levels manually.

Here's an example with a recent trade on NEE I made. I went long after it broke out of the Darvas Box and later retraced back 50% of the run and broke out again. I used a Fib extension to get a target price based on the initial move out of the box (shown in fig). I usually start exiting positions at a 50% Fib level and watch to close as it moves. This one stopped and reversed right near 61%. I exited the trade as that reversal candle was developing. Net was about 700% gain, I believe. You can see it's retraced right at 61% of the little run as of close yesterday.

[img][/img]

NVO with a strong breakout of recent D. Box on volume. I generally hate biotechs, so I'm on the fence about trading this one might take a little position this am.

Wouldn't want to be a short during this squeeze. Bet a lot were trapped this morning and are praying for a gap and drop, to begin a consolidation.

If China deal actually materializes new highs and a bull move is coming.

I think it was Ranger who mentioned the huge reverse head & shoulder potential.

Well done. The steep right side run means it's not a dead cat bounce.

BYND down 8% premarket...let's see if it goes crazy again today or drops back down to reality

Is the PM trade on WLL a misprint? I'm at the gym and can't find any news.

I'm showing a $19.28 buy of 220 shares at 5:45AM. Not sure that price will hold into market, but I hope so considering I've got $18 weeklys that I got for $.30

I see Bid: 17.75x3, Ask: 17.95x1

The $19.28 buy was an anomaly. Someone messed up and overpaid by about $2/share.

Haha, always need to check yourself

I still have half of my positions in INTC and MU open. Would you suggest holding and hope this thing rips? Or take profits to open up some money?

I personally took the rest of the $35 6/21 MU off at $1.35 and took off my $48 6/28 INTC off at $.75

Beating myself up for giving up on MCHP

Got out of the rest of my MU

There's a few gaps to fill below now right?

Got out of my Netflix long calls right at open when it flashed to $356. Booked a solid profit, and probably gave some up, but I'm way too nervous about that one.

CSCO with a breakout over its recent trading range.

I went ahead and got out of my NFLX 370 calls for a ~70% return.

TEUM making me sad in pants again...

Well, I bought my first AMZN share at opening. Here we go

Already made 20 bucks, I can retire early now

TheCougarHunter said:

---

Well, I bought my first AMZN share. Here we go

---

Nice timing. Amazon just announced they'll be ending their restaurant delivery service. GrubHub will have a nice day

IrishTxAggie said:

---

TheCougarHunter said:

---

Well, I bought my first AMZN share. Here we go

---

Nice timing. Amazon just announced they'll be ending their restaurant delivery service. GrubHub will have a nice day

---

Eh. Probably a good reason they ended it ie it wasn't profitable

SFIX having a nice morning

E said:

---

TEUM making me sad in pants again...

---

After reading the short report I posted yesterday and further researching the management, I went ahead and sold out at $3.00 for a $0.40/share loss. Was rather eye-opening and would rather have the peace of mind.