Got my $325 alert set for it.
Another note, does anyone on ToS platform use custom script studies at all?
Another note, does anyone on ToS platform use custom script studies at all?
Stock Markets
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Last: 3 hrs ago by BlueTaze
I'm only selling SMCI if it gets to $1000
Well ****, AH, Blackrock announced they increased their position in POWL. They now control 12.4% of POWL. The stock jumped. They report earnings tomorrow AH. I have a suspicion they're going to have a strong report. Blackrock is not in the losing money business.
ProgN said:
Well ****, AH, Blackrock announced they increased their position in POWL. They now control 12.4% of POWL. The stock jumped. They report earnings tomorrow AH. I have a suspicion they're going to have a strong report. Blackrock is not in the losing money business.
Aw man I was waiting on your trigger pull!
Charismatic Megafauna
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Holla! I have way too big a position, hopefully premiums will be juiced and i can sell some calls
Me too, wasn't expecting the Blackrock news AH today. I'm going to gamble and buy some shares tomorrow and play their earnings release when the market closes. It's below where I sold it and I don't see myself getting hurt. I'M BUYING SHARES, NOT OPTIONS, because I don't mind holding it if I'm wrong. I just want some exposure because if they do crush and have good forward guidance, then this thing could blow right past $105.Bird Poo said:ProgN said:
Well ****, AH, Blackrock announced they increased their position in POWL. They now control 12.4% of POWL. The stock jumped. They report earnings tomorrow AH. I have a suspicion they're going to have a strong report. Blackrock is not in the losing money business.
Aw man I was waiting on your trigger pull!
Like always, everyone make their own decisions because no one knows the future, except for maybe Blackrock.
I will post tomorrow when I buy and I may stagger my buys through the day depending on market conditions and my indicators on the 5m/5d intraday chart.
Same boat. Buying lower than my last round of selling. Thanks Prog.
This is an interesting list but I would be cautious about ILMN and as well TWST this year, fwiw. The Chinese are entering our market for sequencers (they won a big lawsuit with illumina a couple years ago) and that will depress their margins/opp moving forward. Twist had some nice run with library prep etc. but their product is frankly inferior to others and I am not hearing at all from researchers/labs that they are a preferred solution/vendor moving forward.Ranger222 said:
I've been holding out for a long time on building a basket of stocks around CRISPR technology/biotechs, just due to timing and allowing some of these companies to get more mature, but I think now, in the early half of 2024, is a decent time to begin building. However, I like the prices that some of these are trading.
My basket currently:
CRSP
NTLA (My personal fav)
BEAM
PRME (least developed but prime editing has the largest future upside)
Could add to it:
VRTX (monster on its own, would love to accumulate at a lower price)
CRBU
EDIT
Picks and shovel plays off of it:
ILMN (liking this one right now anyway)
TXG
PACB
TWST
Caution: Biotechs have been a ROUGH sector due to money no longer being free and while some of their research programs are advanced and in clinical trials, will still need injections of cash. Could still be some downside risk here.
ProgN said:
Well ****, AH, Blackrock announced they increased their position in POWL. They now control 12.4% of POWL. The stock jumped. They report earnings tomorrow AH. I have a suspicion they're going to have a strong report. Blackrock is not in the losing money business.
What's your entry point on POWL?
With NOV threatening one more time a drop to $17-$18 level, we can potentially have the low R/R entry level we've been waiting on.
This is what I'm waiting for as well. If it sticks around this $19.50 level into earnings on Friday, I'll probably add a few.
ProgN said:
Well ****, AH, Blackrock announced they increased their position in POWL. They now control 12.4% of POWL. The stock jumped. They report earnings tomorrow AH. I have a suspicion they're going to have a strong report. Blackrock is not in the losing money business.
I jumped in on POWL at $80.885 with a stop (mkt) at $74
also AMD at $176.95 with a stop (mkt) at $167
just small positions to get the hang of things
I'm buying first entry here 81.57, will look to add more before the close.joekm3 said:ProgN said:
Well ****, AH, Blackrock announced they increased their position in POWL. They now control 12.4% of POWL. The stock jumped. They report earnings tomorrow AH. I have a suspicion they're going to have a strong report. Blackrock is not in the losing money business.
What's your entry point on POWL?
what kind of stop are you setting?ProgN said:I'm buying first entry here 81.57, will look to add more before the close.joekm3 said:ProgN said:
Well ****, AH, Blackrock announced they increased their position in POWL. They now control 12.4% of POWL. The stock jumped. They report earnings tomorrow AH. I have a suspicion they're going to have a strong report. Blackrock is not in the losing money business.
What's your entry point on POWL?
$81.57 but might add more before the close
Everyone keep an eye on AEHR. 52 wk low, circling the drain. This thing rockets off good news, with a high over 50. Can easily see it hit the median in short order off decent news. Everything is frothy, so it would be a set and forget, toe in the water entry. With that being said they offer a unique business that has been expanding. Fwiw
and here comes the afternoon bulls back from lunch for the end of day meltup...here comes another SPY all time high
Sorry, misread. I'm not setting a stopravingfans said:what kind of stop are you setting?ProgN said:I'm buying first entry here 81.57, will look to add more before the close.joekm3 said:ProgN said:
Well ****, AH, Blackrock announced they increased their position in POWL. They now control 12.4% of POWL. The stock jumped. They report earnings tomorrow AH. I have a suspicion they're going to have a strong report. Blackrock is not in the losing money business.
What's your entry point on POWL?
got it--since we are maintaining the preserve our capital stance, is this an exception to the rule. Perhaps more variability than other stocks?ProgN said:Sorry, misread. I'm not setting a stopravingfans said:what kind of stop are you setting?ProgN said:I'm buying first entry here 81.57, will look to add more before the close.joekm3 said:ProgN said:
Well ****, AH, Blackrock announced they increased their position in POWL. They now control 12.4% of POWL. The stock jumped. They report earnings tomorrow AH. I have a suspicion they're going to have a strong report. Blackrock is not in the losing money business.
What's your entry point on POWL?
Not for me, like I posted last night, if it explodes higher then I'm in it but if they whiff and drop it's a stock I don't mind holding due to their earnings growth YoY and will more than likely add more if it falls.
I bought 100 shares of AMD right before the bell. Had a hunch $190 would be next target. Initial down move was a little scary, but it held support and now we're off.
What's with the 3% drop AH?
Powell Industries Announces Fiscal 2024 First Quarter (globenewswire.com)ravingfans said:got it--since we are maintaining the preserve our capital stance, is this an exception to the rule. Perhaps more variability than other stocks?ProgN said:Sorry, misread. I'm not setting a stopravingfans said:what kind of stop are you setting?ProgN said:I'm buying first entry here 81.57, will look to add more before the close.joekm3 said:ProgN said:
Well ****, AH, Blackrock announced they increased their position in POWL. They now control 12.4% of POWL. The stock jumped. They report earnings tomorrow AH. I have a suspicion they're going to have a strong report. Blackrock is not in the losing money business.
What's your entry point on POWL?
Estimate was $.84 shr they reported $1.98 shareQuote:
HOUSTON, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of electrical energy, today announced results for the Fiscal 2024 first quarter ended December 31, 2023. All comparisons are to the comparable period in the prior fiscal year, unless otherwise noted.
First Quarter Key Highlights:
Revenues totaled $194 million, an increase of 53%;
Gross profit of $48 million, or 24.8% of revenue, an improvement of 950 basis points;
Net Income of $24 million, or $1.98 per diluted share;
New orders totaled $198 million;
As of December 31, 2023, backlog had nearly doubled to $1.3 billion;
Cash and short-term investments as of December 31, 2023, totaled $355 million.
Brett A. Cope, Powell's Chairman and Chief Executive Officer, stated, "Our first fiscal quarter was very much a continuation of the trends and strong results that we saw in our fourth quarter. Despite what is typically a seasonally slower period, we recorded $198 million of new orders which was higher sequentially by 15%. We also delivered revenue growth of 53% compared to the prior year, as we saw broad strength across most of our end market sectors. The solid revenue growth driven by the strength and quality of our backlog, coupled with terrific project execution and associated efficiency gains are translating to the improved profitability that we experienced in the quarter. Our gross margin of 24.8% was 950 basis points better than the prior year, while delivering $1.98 of earnings per diluted share in the first quarter."
POWL SMASHED EARNINGS!!!!!
And here I was not buying sub $80 this morning
I don't worry about it. Likely had a lot of earning players with tight stops that got shaken out on the initial move. It then started trying to turn up and was beaten back down. I accept my fate either way. I don't think this one has topped quite yet. I played this one with house money from the big move I caught last year.El_duderino said:
What's with the 3% drop AH?
Prog....The Man, The Myth, The Legend. Thanks for pointing out the move and the BR involvement. Of course, wish I purchased more today, but here we are!
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PEAD here we come!
My orders to sell covered calls didn't fill (2/16 100 strike at 4, then lowered to 1.5 and still didn't fill) so let's head for the moon!
Prog is the man! Wish I'd held smci...
My orders to sell covered calls didn't fill (2/16 100 strike at 4, then lowered to 1.5 and still didn't fill) so let's head for the moon!
Prog is the man! Wish I'd held smci...
PEAD = Post-Earnings-Announcement Drift?Charismatic Megafauna said:
PEAD here we come!
My orders to sell covered calls didn't fill (2/16 100 strike at 4, then lowered to 1.5 and still didn't fill) so let's head for the moon!
Prog is the man! Wish I'd held smci...
If you don't follow this Stock Markets thread you're missing out. I've been selective with the companies I've purchased, but I've never lost money on a trade. I've usually sold at the right time or a little early.
Now I just have to figure out if it's a hold or trade.
Edit: Never lost money on a trade I've made as a result of a recommendation from this thread. I've lost plenty of money on garbage trades.
Now I just have to figure out if it's a hold or trade.
Edit: Never lost money on a trade I've made as a result of a recommendation from this thread. I've lost plenty of money on garbage trades.
For our future reference - where did you see the news about them increasing their position?
Don't worry and be patient. It will rollover when the market does so we'll all have opportunities to buy back in and confident enough to buy a larger position in it for the ride back up. Don't allow your emotions to fomo you into bad decisions. Discipline is how you grow your accounts and outperform the indexes.Charismatic Megafauna said:
Wish I'd held smci...
On Schwab. It's in the news section when you pull POWL, just scroll down.aggies4life said:
For our future reference - where did you see the news about them increasing their position?
ETA: I pull up all the stocks on my primary focus list everyday and scan the news headlines. If it looks important then I read it, anything with Blackrock in the title qualifies for that. That's also why I have a primary focus list of only 20-25 stocks and will add/remove ones as needed.
FTR, If POWL hits $105+ tomorrow, then I'll probably book profits because I still think the market is about to rollover. I posted yesterday I bot 1 AMD 3/1 $150 put and it's looking like its going to reward me. It's hard not to bank that type of one day ROI.South Platte said:
If you don't follow this Stock Markets thread you're missing out. I've been selective with the companies I've purchased, but I've never lost money on a trade. I've usually sold at the right time or a little early.
Now I just have to figure out if it's a hold or trade.
Edit: Never lost money on a trade I've made as a result of a recommendation from this thread. I've lost plenty of money on garbage trades.
Not questioning you, but seriously? This thing could run over $100 tomorrow??ProgN said:
FTR, If POWL hits $105+ tomorrow, then I'll probably book profits because I still think the market is about to rollover. I posted yesterday I bot 1 AMD 3/1 $150 put and it's looking like its going to reward me. It's hard not to bank that type of one day ROI.
Yes, it's a microcap that prints money and they just smashed earnings expectations, raised their dividend (very little but still positive), and doubled their backlog. Pull up a one year chart and look what they did August 1st last year. It went from $60 to $90 the day after reporting earnings for a 50% ROI. I'm not expecting a 50% move tomorrow, but wouldn't complain if they did. I wouldn't think twice about selling it immediately.South Platte said:Not questioning you, but seriously? This thing could run over $100 tomorrow??ProgN said:
FTR, If POWL hits $105+ tomorrow, then I'll probably book profits because I still think the market is about to rollover. I posted yesterday I bot 1 AMD 3/1 $150 put and it's looking like its going to reward me. It's hard not to bank that type of one day ROI.
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