JD trying to get back above its 200.

Welcome back to the light. Maybe my net free calls won't be net lost.

boyz05 said:

---

SFIX having a nice morning

---

Yes it is. You holding or selling?

Prognightmare said:

---

I suspect these markets want to go negative today.

---

zero buys for me so far today. 1 sell from a purchase last week. Wishing I didn't buy AMD calls yesterday. Those have a month though.

I bought AMD puts yesterday when it was $33.97. It's only for a pullback trade though.

Seems like AMD is still holding to the flag pattern even with it pulling back a bit...

Curious on financials, particularly BAC and MS. It seems like they're lagging the market at least in scale during this recent recovery. Simply due to rate speculation?

Let's just go ahead and wipe out the 2972 gap so we can go higher again

Which gap? We just closed that tiny 2885 gap

I see SPY very near the lower Keltner channel on the 15-minute chart

Seems like NIO may have found a bottom at 2.55

IrishTxAggie said:

---

gougler08 said:

---

Seems like NIO may have found a bottom at 2.55

---

A bunch of us thought this when it hit $4.XX too.

---

Valid

Got in on some $152.5 DE weeklys after that major volume at 11:30

I would say we are currently at the "good business, great price" stage. Its not what buffet recommends, but I have to be a little riskier than buffet as I accumulate wealth. While sequential sales have been falling in different categories, overall revenues are doing much better than one would expect (including myself once I looked at the numbers). And new consoles hopefully next year as mentioned by YNWA_AG.

Tbh, I dont care about how something "feels" because the market in the long run does not care either. I care about what the market is missing due to a bias. It "feels" really good to be up 10% on the position already, but I am not selling so it could still result in a loss.

Edit: added chart showing Rev's

Fair enough

Got in and out of some 6/14 SPY puts for a quick 40%, think I'm done for a bit to see where we go from here

leoj said:

---

Got in and out of some 6/14 SPY puts for a quick 40%, think I'm done for a bit to see where we go from here

---

Can you share what indicators do you use to make such a trade?

That indicates current annual revenues rank 9th out of the last 10 years. Last three years comprise the lowest of the decade.

Do you see this as a growth business?

Go DE you beautiful *******!!

anyone looking at a CRM bounce play. Down around 8% percent to $149.55 from Tableau purchase. Been bouncing around 152-167 range for the last 108 days

I am not the person to ask that as I know way less than most of the regulars on here and I also don't pull up any technical charts at work. I just know the SPY had been up 5 days in a row and a pretty significant upward slope, we sold off after the high yesterday but opened up today anyway.

It was an educated guess that we would at least come down to the first gap by Friday, but we sold off pretty hard after I entered then when I saw the price coming back positive I sold out because 40% gain in a day is a no brainer. So it was a bit of just macro outlook more than looking at some specific technicals, which I'm sure were there as well, and a bit of luck with timing.

I think its pretty clear that it is not a growth story at this time. However, the stock is being priced in for failure / downward spiral of retail death, which I believe is over-stated and due for a bounce. They have 16$/share in cash.

either way, I think we can both agree that GME is much better than my next trade thoughts below:

$BYND important levels imo labeled below, I am definitely going to watch if it fills gap to ~109.

YNWA_AG said:

---

anyone looking at a CRM bounce play. Down around 8% percent to $149.55 from Tableau purchase. Been bouncing around 152-167 range for the last 108 days

---

Yep. I'm playing the Jul 160 calls.

TEUM being added to the Russell 3000 July 1. Not bad for a fraud company?

I was just thinking that this morning. I'm not selling (I'm at a 30 dollar loss right now after all of this anyways, I've got some room to let it ride for a long time.

Elon back tracked on Q3 profitability. "Hard to be profitable" "We might be cash flow positive someday"

YNWA_AG said:

---

anyone looking at a CRM bounce play. Down around 8% percent to $149.55 from Tableau purchase. Been bouncing around 152-167 range for the last 108 days

---

My wife's career is salesforce and it's been great, but I wonder how long the game or buy companies at massive premiums can continue.

What happens if we dont hear anything China by the end of the week?
I would assume that means there are background talks going on, otherwise I dont see why Trump wouldn't have used the Mexico 'deal' as a pushing point along with China putting money into their economy.
While we are pushing highs, does anyone have any guess or insight on what might be going on?

Don't expect anything "big" regarding China until the G20 Summit at the end of the month. Trump and Xi are having face-to-face meetings.

Yeah, expect choppy trading +/- 300 DOW points between now and the G20 summit

IrishTxAggie said:

---

Don't expect anything "big" regarding China until the G20 Summit at the end of the month. Trump and Xi are having face-to-face meetings.

---

https://www.bloomberg.com/news/articles/2019-06-11/trump-says-he-s-holding-up-trade-deal-with-china-ahead-of-g20

He said it himself!

https://1nodld1ltmqu3jimmy2xsgcu-wpengine.netdna-ssl.com/wp-content/uploads/2019/01/GME-Intrinsic-Value-Updated.pdf

I'm wondering if Trump is close to a deal but is delaying it a month or so to collect money to build his wall lol. Call me crazy but Trump is smart enough to do that. Make the Mexicans slow down the flow from Central America at the Southern boarder by threatening tariffs while collecting money from China to build the wall while they iron out the rest of the details for the deal. Just sayin?

My guess is that it has more to do with timing on the China deal...best timing for re-election. Threading the needle.