How is the board playing MRVL today? Based on NVDA' s numbers I have to think buy, but it's priced for damn near perfection

Hill08 said:

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How is the board playing MRVL today? Based on NVDA' s numbers I have to think buy, but it's priced for damn near perfection

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What I see on the chart doesn't make me feel strongly one way or the other. It's relatively neutral.

I can see a path for this thing to rocket back to ATH, or I can see it just as easily going to $200. I lean toward the former but it's a lot harder to guess on these names that have tripled this year.

Seems like most of the action this month on SOXL is overnight.

What's driving PATH popping up over $18/share today?

Any longs selling NVDA? Or is everybody ultra-long?

South Platte said:

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Any longs selling NVDA? Or is everybody ultra-long?

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I just bought yesterday's dip and flipped 10 shares for a quick profit. The rest I'm ultra long on.

South Platte said:

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Any longs selling NVDA? Or is everybody ultra-long?

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Over $45 billion has been traded today and we are just a little ways past the halfway point and up about 10% over yesterday's close. I am ultra long, but even then, there's no reason to sell it today based on the price action. That's clearly not $45 billion of retail FOMO. This close has a good chance of being the 2nd highest ever.

I still think this has a good chance to run to the 240s before taking a breather.

I shoulda been longer. Was hoping for a harder dip, but not selling anything.

Somebody please look at this super tight box CLSK has been trading in over the past few weeks and tell me how they read this. I don't know how to post a picture of a chart on here.

South Platte said:

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Somebody please look at this super tight box CLSK has been trading in over the past few weeks and tell me how they read this. I don't know how to post a picture of a chart on here.

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This looks like it could be a good trade if can hold above 12.50 the next several days.

It has been fighting all the moving averages since the start of July. Finally overcame the 20 and 200 today, but the 50 and 100 are both sitting above it in the high 13s.

Recent lows could be a bottom for the next leg up. It has been showing bullish divergence on money flows, RSI, and MACD since early July.

The stock held on near (just below) the 61.8% retrace from the March low - June high when it refused to drop under the mid 11.00s the past couple weeks.

Good chance it chops a little more and then runs past the 50 and 100 day and then climbs quickly to $15. If it drops below $11 that will likely invalidate that forecast.

flashplayer said:

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South Platte said:

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Somebody please look at this super tight box CLSK has been trading in over the past few weeks and tell me how they read this. I don't know how to post a picture of a chart on here.

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This looks like it could be a good trade if can hold above 12.50 the next several days.

It has been fighting all the moving averages since the start of July. Finally overcame the 20 and 200 today, but the 50 and 100 are both sitting above it in the high 13s.

Recent lows could be a bottom for the next leg up. It has been showing bullish divergence on money flows, RSI, and MACD since early July.

The stock held on near (just below) the 61.8% retrace from the March low - June high when it refused to drop under the mid 11.00s the past couple weeks.

Good chance it chops a little more and then runs past the 50 and 100 day and then climbs quickly to $15. If it drops below $11 that will likely invalidate that forecast.

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Appreciate you looking into this!

flashplayer said:

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AFRM - nice pop after earnings.

IREN - meh response to the numbers release, will be interesting to see what it does after the call here in a few minutes.

MRVL - also meh response.

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I've had an eye on IREN these last several days, but was waiting until earnings were released. It looks like it is inching down in AH. I may buy a position either later AH or wait until tomorrow morning.

So much option manipulation tomorrow that I wouldn't focus much on a small move either way. The writers just want those worthless contracts to expire.

BETA

Saw one yesterday near Galveston.

https://beta.team

IREN dipped all the way to the 36s here. I will probably be a buyer tomorrow as well but want to see how it shakes out in the first 30 minutes tomorrow. I'd like to buy in closer to $36 even or slightly below.

flashplayer said:

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IREN dipped all the way to the 36s here. I will probably be a buyer tomorrow as well but want to see how it shakes out in the first 30 minutes tomorrow. I'd like to buy in closer to $36 even or slightly below.

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Yes, the same about the first 30 min.

The only thing that gives me pause about tomorrow is Warsh speaking at Jackson Hole. Just not sure what he will say and how the market will react.

NVDA invalidated my immediate downside setup. I can still make a case for a drop, but it's not anything reliable, or in my opinion, tradeable. Would require a pretty swift reversal of fortunes. And pretty much no previous earnings had a strong following day only to fail on Friday or the following week. So I would call it low probability. That said.. Jackson hole tomorrow.. so who knows.

Feels like the only thing that can come out of his mouth is negative or slightly neutral which will be interpreted negatively.

But I haven't sold anything, so how heavy is my conviction?

Adding SOXL here at 112 and below.

Already swing traded NVDA twice since earnings. Gonna start buying back in for long here if it dips below 218.

Thoughts on SMCI? 10-k due Monday 8/31. Current MCAP: ~$24.0B

SMCI's numbers as of earnings call last week:

Q4 FY26 revenue: $11.1B
Q4 net income: $1.18B
Q1 FY27 guidance: $14.5B-$15.5B
FY27 guidance: $65B-$72B

I know their history and roller coaster they have put investors through lately... butttt is this not a buy?

AnyOtherName said:

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Thoughts on SMCI? 10-k due Monday 8/31. Current MCAP: ~$24.0B

SMCI's numbers as of earnings call last week:

Q4 FY26 revenue: $11.1B
Q4 net income: $1.18B
Q1 FY27 guidance: $14.5B-$15.5B
FY27 guidance: $65B-$72B

I know their history and roller coaster they have put investors through lately... butttt is this not a buy?

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There might be opportunity, but I don't trust them...

If I owned it I would always have in the back of my mind some catastrophic stupid thing is going to drop it by 50% overnight.

For that reason I am out.


That risk is factored into the price, if that never happens then yes it is likely a buy right now.

It also makes me think of this Warren Buffet quote "I try to invest in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will."

This may be one of those businesses that is just in the right industry at the right time and it does not matter how incompetent management is.

There's only so much I can average down on INIO

Eyeing MRVL here.

If anyone wants an easy $5/share darvis box set up check out WMB.
For about 6 months you buy at $70 and sell at $75 about every month or if your feeling frisky wait for it to hit $76.50

Heineken-Ashi said:

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Watching AUST for re-entry. DNN as well. Stay tuned.

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Excellent, I'm in for 20,000 shares each.

South Platte said:

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Heineken-Ashi said:

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Watching AUST for re-entry. DNN as well. Stay tuned.

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Excellent, I'm in for 20,000 shares each.

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I tried to place a limit order for a lower entry should it trigger in the coming weeks for 25k shares of AUST and got denied with a warning that the order size is too large given the daily average volume.

So will possibly have to do it in tranches or wait until volume picks up. I really want $1.05 region and reversal back up from there on AUST.

Heineken-Ashi said:

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South Platte said:

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Heineken-Ashi said:

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Watching AUST for re-entry. DNN as well. Stay tuned.

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Excellent, I'm in for 20,000 shares each.

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I tried to place a limit order for a lower entry should it trigger in the coming weeks for 25k shares of AUST and got denied with a warning that the order size is too large given the daily average volume.

So will possibly have to do it in tranches or wait until volume picks up. I really want $1.05 region and reversal back up from there on AUST.

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What's the exit strategy? I was seeing it reached as high as like $2.94 (I think?) over the last 5 years?

Heineken-Ashi said:

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$1.65 min target and $1.93 max.

I'm not buying yet. Will post when I do.

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Thanks!