Prognightmare said:

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FishrCoAg said:

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Prognightmare said:

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Correct

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I did this in my IRA as well. In it for the long term, but do you think there's a chance of a little pullback post split after the anticipation is gone?

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Honestly, I don't know because I'm not planning on trading it. After delving into it further, I believe this stock has the potential to create life changing wealth.

TTD is a leader in their industry and institutions love it. It also is still small with a bright future. It only has 47 M shares now and 470 M on 6/17. NVDA has 623 M shares and declared a 4:1 split which will give them 2.5 B post split. AAPL has 16 B share float. I anticipate several more splits in TTD's future. This is the reason I'm so high on TTD. I was in the industry and witnessed when DELL did this and made "Dellionaires" out of secretaries and receptionists. IMO, the risk is worth the potential here. If you're looking short-term, I think you'll double your money by Jan 22.

FWIW I bought 38 shares in my son's college account, he's 5. I also bought 175 shares in my Mom's account, so I have skin in this game.

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great analysis there. This is the type of stuff I come here for! I will add a starter position tomorrow in the IRA's.

I haven't charted it, but this looks like a very low risk area to add (after the last haircut).

I'm posting before FJ! Good morning everyone!

Rice and Fries said:

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I'm posting before FJ! Good morning everyone!

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Thanks for the laugh and smile to start my day!

Let's get it!

Mornun....

Here is your early morning snapshot...

Warning emoji as I don't know the last time I have seen SKEW this high. Over 155.



Volatility may be in the cards. With slight gap up this morning this may be a day I would fade the open should we run a bit then pause at 422ish.

SPY 414.40, 416.36, 417.54 are my lines to hold. Should we go up, 423 may be on deck however I don't think we hang above that without some pullback/cool off.

I will be off to meetings early this morning so y'all got get'em and trade wisely!

Monday Macros

Risk On ...Melt Up Continues... Bonds Lower...Oil Higher.. Non Farm Key to Taper


Stocks are starting off strong for the last month of the quarter.. The melt up continues as the hedge funds, quants, and CTA's are all in the process of adding risk... Treasuries, while lower this morning on Bullard comments, are still in the range... But the poundings of higher rates continues. GS initiated a short on the long bond at 2.27%, looking for 2.55... If that happens the range of the 10 year of a 1.77 top earlier this year would be broken... The key to this week is the Friday employment number... Quarles pretty much said last week that the May number will be key to whether the Fed starts their tapering discussions at the June meeting... This makes this employment number one of the most important ones this year...

Equities... Inflation is on the back burner, but moderate inflation is good for equities, and we still think there is more money to come into the market... Last week we saw 18 billion of US equity inflows, and an increase in HF leverage... Other quants are geared up for the melt up , which we think we are currently in the midst of. Nomura quant group sees CTA's also adding to equities between now and June 23... We see the need for leveraged funds to get longer for the quarter end returns... With cash a clear negative given the rising inflation and real rates, that cash is being deployed to risk... We see it in equities and in high yield... Investors want greater than a 3-4% return to beat their expectation of inflation.

Inflation... There were stories over the weekend about the commodity cycle having peaked... Clearly all the active commodities on the GLCO page are off from their highs, but today we find the Bloomberg Commodity Index surged this morning to the highest level in 3 weeks... WTI Oil rose to the highest since October 2018... Opec is hinting that they are not going to increase production... And it does not look like Shale is in any mood to expand, they have been burnt too many times... And as for Iran, we heard a hedge fund podcast last week that said that Iranian production has been going to the Chinese, so if the restrictions come off, do not expect a huge jump in supply... Either way commodities are rebounding this morning.... As for inflation, , we will repeat what we said about wage inflation... It is real and is pervasive as the massive shortage of workers continues

Tapering...it is coming... More and more Fed governors talk about opening discussions at "upcoming meetings".. June is on the table if the non farm numbers are strong... The irony of tapering is that it actually is a good thing for the curve... That signals that the Fed is serious about inflation... And tapering still means the Fed is buying bonds, just less... Hopefully they will leave the mortgage market alone given the inflation going on in the housing markets...

Rates.... Still in the range... We saw a Bank America piece where they see loan demand increasing in the second half of the year, which will soften their demand to buy treasuries...we already mentioned the high profile short GS has initiated in the 30 year space. Yellen made the comment last week that as long as real rates are negative she is not worried about issuing massive amounts of treasuries. We hope she is wrong given that these treasuries will have to be paid back by the next generation and the deficit is too out of control... And it is only working given the monetization of the debt by the Fed... It can't go on forever... But for today the 10 year range of 1.58-1.70 should hold...but as long as 5 years can not get through .78 and sustain it, we still see 2% 10 years by the Jackson Hole conference August 26. Strongest PCI in 29 years and Chicago PMI highest since 1973 should mean something to rates.

Can't say enough how interesting your posts are. Come to this thread everyday to read it. Thanks.

gougler08 said:

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You can get $0.05 for the weekly SNDL 1.5 covered call right now. Decent premium or a $0.45 run up in 4 days...

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Got .06 this morning. I do this weekly. So long now that I'm damn near net free.

Those who bought the DISH calls... HERE WE GO

CrazyRichAggie said:

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She said in an interview she didn't think WTI would see $70 this year.

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She actually said "would be surprised if Crude ever hits $70 again"