Understood. I'm watching right now. I'll probably wait and see what it does early next week. Happy New Year.
I appreciate your efforts. Because of the information you've already provided, I'm waiting on move to favorable entry points for AMD, CRM, and SCMI. Unless I see a quick swing opportunity, I plan to follow the targets you provided. Obviously, the responsibility is on me to monitor and adjust along the way, but you've provided so good guidelines. Thanks!Heineken-Ashi said:
The hardest part about trying to form a list of stocks that will do well in 2024 is that almost nothing is at a place where I'm comfortable entering with limited risk.
Heineken-Ashi said:
I like WHD - Cactus, Inc with a target of $80-$105 and a stop at $39.50 (recent low). If it can't hold that low then it should be knocked off the list and ignored.
The risk here, fundamentally, is recent mergers and consolidations and threat of future ones that could limit rig count and lead to declining operations. But the company is virtually debt free - absolutely prime financial position - and could outperform even in a declining rig market.
Running list
OXY - Energy - O&G
SMCI - Tech - Hardware
AMD - Tech - Semiconductor
CRM - Tech - Software
CXM - Tech - Software
TLT - 20+ Year Treasury ETF
NOV - Energy - Equipment and Technology
TSLA - Consumer Discretionary - EV
TSN - Consumer Staples - Food
WHD - Energy - Equipment sales and rentals
I love Michael Clemons pic.twitter.com/shpVcM7EsL
— Barstool Texas A&M (@BarstoolTexasAM) December 29, 2023
Unless you were already in AMD, it hasn't yet come into the buy zone.BT1395 said:
Thoughts on rotating out of AMD and into MRVL? Would keep some industry exposure but perhaps better valuation.
Heineken-Ashi said:Unless you were already in AMD, it hasn't yet come into the buy zone.BT1395 said:
Thoughts on rotating out of AMD and into MRVL? Would keep some industry exposure but perhaps better valuation.
But MRVL is rounding over off a lower high gap fill move while AMD is coming off a higher high move. That gives me pause on your theory. I think both need to come down more before I jump in.
HoustonAg_2009 said:
Would love to get back in on POWL and SMCI…. Trying to be patient.
I do like ARM, but not here. I have alert set when it hits $55 or better.HoustonAg_2009 said:
I hear ya Prog…. Thank you always for the transparency. I assume you don't have any interest in ARM?
Good advice, and I agree.Heineken-Ashi said:
Reminder to the board. Don't just watch with eyes glossed over on red weeks. Like anything else, have goals in mind and know your plan. Ignore the noise. Stop watching every stock under the sun. Have a list of the ones you like and the general price range you like them at. Then when weeks like this hit, wait for your entry levels to print and execute your plan.
You don't go hunting hoping to just see something. You go with a specific purpose. And when you find what you were looking for, you are prepared and you pull the trigger. Don't worry about the rabbits, coyotes, and armadillos that are scurrying around aimlessly. Focus on your target.
Then you should be loving small caps right now. Just throw some Tannerite into the field and start spraying baby.Charismatic Megafauna said:
You and i apparently employ different hunting strategies. I shoot armadillos, squirrels, coons, the keystone light can i just finished. I have been known to shoot dragonflies on a slow duck or dove hunt. For some reason I don't see many deer though?
Heineken-Ashi said:
CXM $100M share buyback. I entered yesterday on the dip down. Plenty of time still. Stop is $10.90