mega cap earnings gonna blow up some bears this week...
Stock Markets
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Last: 16 hrs ago by Heineken-Ashi
I just don't see a huge drop with real inflation being what it is. What's the catalyst?
******* it.Brian Earl Spilner said:
Kinda leaning that way as well.
SMCI probably in the best position to rocket if we do, but I'm not brave enough for that right now.
You should look into $ARM, it will catch that wave and is more affordable.Brian Earl Spilner said:******* it.Brian Earl Spilner said:
Kinda leaning that way as well.
SMCI probably in the best position to rocket if we do, but I'm not brave enough for that right now.
I think anticipation into their earnings will squeeze the bears but that's not what they're banking on. Forward guidance is the bear's bet. They'll stomach some pain but they're banking on conservative forward guidance which should pressure the mega caps.EnronAg said:
mega cap earnings gonna blow up some bears this week...
NFLX type of follow through is what they expect. NFLX crushed earnings and subs, but cloudy forward got it crushed. Mega caps will have to crush all metrics imo.
Exited half of my CLSK position and sold calls on the other half. Miners are at a significant resistance level. Can definitely shoot up higher, but given my preference for one more move down, I'm sticking to my plan.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
That would be the @Texags stock forum.
— Charles F11 (@charlesf11) April 23, 2024
😂 https://t.co/l6gp2Z0EB3
$U well into the buy range after a couple ugly weeks. May grab some for fun
I'm about 50 of the 28's between all my accounts, but it isn't just us unless we have some huge players lurking around. Volume is still coming in. This morning when I priced out expirations and strikes looking for $30 min SLV target and $40 max upon expiration, $28's had the best max potential with the highest min potential. People who know how to price options probably saw the same thing.McInnis 03 said:That would be the @Texags stock forum.
— Charles F11 (@charlesf11) April 23, 2024
😂 https://t.co/l6gp2Z0EB3
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
$U did enter my $22ish buy range that I've recently posted as my target range, but I'm not pulling the trigger though. They report earnings on 5/9 and if they stub their toe, then I'll get it in the $18 range. Just FYI and full disclosure on my part.ETX_Ag_22_24 said:
$U well into the buy range after a couple ugly weeks. May grab some for fun
Are we all bullish now?
McInnis 03 said:That would be the @Texags stock forum.
— Charles F11 (@charlesf11) April 23, 2024
😂 https://t.co/l6gp2Z0EB3
Ok fam, we'll need a secret handshake for OGs if invaded by Twits because our secret is out.
I actually like U May calls - looking for $27-$30. I like $50 for later this year, but the path it takes and timing is more difficult. Shares are the buy for that move as your stop is so clearly defined right now.
But for calls for earnings, I'm eyeing May 10 $24's for a min gain of 2x and max gain of 3x. MACD isn't lifting yet on daily, so I'm going to watch a little longer as one more little squiggle lower could be a magnet.
But for calls for earnings, I'm eyeing May 10 $24's for a min gain of 2x and max gain of 3x. MACD isn't lifting yet on daily, so I'm going to watch a little longer as one more little squiggle lower could be a magnet.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
I need IWM above $201 without testing $195 again to even start leaning bullish. Even still, $204 would have to be taken out pretty impulsively to get me off the fence.Philip J Fry said:
Are we all bullish now?
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
Be cognizant that they're still not profitable yet. Stocks that aren't profitable and use debt at higher rates get punished in this current environment of the Fed cuts in doubt. They're going to have to uber crush expectations and guidance and I'm not confident that they will. I'd rather buy it at a higher price if they do, but it's not worth the risk to play their earnings for me. I will buy it in the teens post earnings though. JMOHeineken-Ashi said:
I actually like U May calls - looking for $27-$30. I like $50 for later this year, but the path it takes and timing is more difficult. Shares are the buy for that move as your stop is so clearly defined right now.
But for calls for earnings, I'm eyeing May 10 $24's for a min gain of 2x and max gain of 3x. MACD isn't lifting yet on daily, so I'm going to watch a little longer as one more little squiggle lower could be a magnet.
NFLX sold because it was overbought. Everyone trying to rationalize about shaky guidance (it was actually bullish guidance) or because they said they would stop reporting user growth a year from now (lol, seriously, that was their reason). Neither mattered. The fact was that they were far overbought and sentiment needed a reset.ProgN said:Be cognizant that they're still not profitable yet. Stocks that aren't profitable and use debt at higher rates get punished in this current environment of the Fed cuts in doubt. They're going to have to uber crush expectations and guidance and I'm not confident that they will. I'd rather buy it at a higher price if they do, but it's not worth the risk to play their earnings for me. I will buy it in the teens post earnings though. JMOHeineken-Ashi said:
I actually like U May calls - looking for $27-$30. I like $50 for later this year, but the path it takes and timing is more difficult. Shares are the buy for that move as your stop is so clearly defined right now.
But for calls for earnings, I'm eyeing May 10 $24's for a min gain of 2x and max gain of 3x. MACD isn't lifting yet on daily, so I'm going to watch a little longer as one more little squiggle lower could be a magnet.
U is oversold right into a significant support area. Earnings will act as nothing more than a catalyst for the next move. Sure, it could be down, but it's already been beaten to hell more than any fundamentals say it should have. Next move wants to be up. Last May earnings were a beat in a similar interest rate outlook and after initially selling from $32 to $26, price went to $50 before the next earnings.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
That's what makes the market such an amazing place. Everyone sees different opportunities and no one knows the future. Obviously, we both like the stock, we just see different scenarios that might unfold. The funny part is that we'll probably both be wrong, LOL. The market has an uncanny ability to humble us when we "just know" what's going to happen.Heineken-Ashi said:NFLX sold because it was overbought. Everyone trying to rationalize about shaky guidance (it was actually bullish guidance) or because they said they would stop reporting user growth a year from now (lol, seriously, that was their reason). Neither mattered. The fact was that they were far overbought and sentiment needed a reset.ProgN said:Be cognizant that they're still not profitable yet. Stocks that aren't profitable and use debt at higher rates get punished in this current environment of the Fed cuts in doubt. They're going to have to uber crush expectations and guidance and I'm not confident that they will. I'd rather buy it at a higher price if they do, but it's not worth the risk to play their earnings for me. I will buy it in the teens post earnings though. JMOHeineken-Ashi said:
I actually like U May calls - looking for $27-$30. I like $50 for later this year, but the path it takes and timing is more difficult. Shares are the buy for that move as your stop is so clearly defined right now.
But for calls for earnings, I'm eyeing May 10 $24's for a min gain of 2x and max gain of 3x. MACD isn't lifting yet on daily, so I'm going to watch a little longer as one more little squiggle lower could be a magnet.
U is oversold right into a significant support area. Earnings will act as nothing more than a catalyst for the next move. Sure, it could be down, but it's already been beaten to hell more than any fundamentals say it should have. Next move wants to be up. Last May earnings were a beat in a similar interest rate outlook and after initially selling from $32 to $26, price went to $50 before the next earnings.
Well, I was way wrong on this and it just keeps climbing.CC09LawAg said:
I have been accumulating NextNav, Inc. (NN) since August '22. It just broke through its previous high (in September '23) since it had cratered back in '22.
Can anyone smarter than me give me a long term outlook on this stock? It is 3D navigating/GPS technology which I think is going to be pretty integral to a lot of things as we move towards more VR and things of that nature.
I am expecting a pullback, but I was hoping someone with more experience could take a look and see something maybe I am not seeing.
Full disclosure: I have sold some covered calls for 4/19/24 and I am trying to decide which way the wind is going to blow.
Still have some covered calls left and made money so I won't complain, but definitely left a ton of money on the table as this one keeps climbing.
But, if I can still make a profit while I'm learning the game I won't complain too much.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
and herrrre we go
Boeing, Ford, Meta, ATT, and a smattering of others tomorrow I am…not thinking those go real well.
BA calls a couple months out could be a good swing trade here at major support in $165 range. If it holds, would target a 50% retracement above $200 to exit.
Yeah, there's 76K contracts on the 28C and 60K contracts crossed today on the Sept 30C.Heineken-Ashi said:I'm about 50 of the 28's between all my accounts, but it isn't just us unless we have some huge players lurking around. Volume is still coming in. This morning when I priced out expirations and strikes looking for $30 min SLV target and $40 max upon expiration, $28's had the best max potential with the highest min potential. People who know how to price options probably saw the same thing.McInnis 03 said:That would be the @Texags stock forum.
— Charles F11 (@charlesf11) April 23, 2024
😂 https://t.co/l6gp2Z0EB3
An excellent move so far.Brian Earl Spilner said:
Had a small +3.8% profit on LUV, exited in AH and rotated into NVDA, TQQQ, SSO, and GOOGL.
Even the May $26s are getting hit.McInnis 03 said:Yeah, there's 76K contracts on the 28C and 60K contracts crossed today on the Sept 30C.Heineken-Ashi said:I'm about 50 of the 28's between all my accounts, but it isn't just us unless we have some huge players lurking around. Volume is still coming in. This morning when I priced out expirations and strikes looking for $30 min SLV target and $40 max upon expiration, $28's had the best max potential with the highest min potential. People who know how to price options probably saw the same thing.McInnis 03 said:That would be the @Texags stock forum.
— Charles F11 (@charlesf11) April 23, 2024
😂 https://t.co/l6gp2Z0EB3
Ford could dump today after Tesla earnings, if Tesla says the wrong things
Just a heads up to you renewed bulls. This has been my base expectation for IWM. Today questioned it a little and I had to adjust the channel. Notice the mid channel line being used as support and resistance. Until resistance is taken out, I'm still expecting this. Not saying I'm going to be right, but just showing you what the bear path for another move down might look like. And with the 10yr hitting support today, VXX and VIX failing into support zones, today and tomorrow's earnings coupled with economic data could be very relevant and critical to determining what's next.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
TSLT (2x long TSLA) 5P for May 17 getting some action at .20Spoony Love said:
Ford could dump today after Tesla earnings, if Tesla says the wrong things
Heineken-Ashi said:
Bold move!
If this hour holds below IWM $199, I'm showing an RSI sell signal on hourly candles.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
Any thoughts on MARA other than should have gone in $5 ago?
Yes, but I don't really want to overcomplicate with detailed EW. Just know, it's been very tough to find a reliable count. My base case is mid $20's and then a reversal down to $10-$12.50 range. To get bullish, I need to see it move back up to high in the $33 range. And I would likely start leaning to more immediate bullish around $27-$28 range. But I would expect a retracement after getting back to $33.. thinking $20-$25 range, at which point I would be a buyer for the bull run.flashplayer said:
Any thoughts on MARA other than should have gone in $5 ago?
I have very low confidence in any path right now. It simply has to show more to prove it's intent. Long story short, I'm waiting to see if it can break $25 look impulsive doing so. If it can't I'm leaning bearish. I am not playing downside if it comes, just simply waiting for target zone entry.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
TSLA beat I take it.
It missed on both I thought. Not sure on guidance though
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