that answer's actually too low as the Trillion would be earning $50 Billion/yr

EliteZags said:

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that answer's actually too low as the Trillion would be earning $50 Billion/yr

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Yeah, but you forgot to tax-effect it.

[I used to do a lot of M&A and business valuation work]

Dan Scott said:

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The more I look at SNOW, the more I hate it. I think this thing sells off.

I get the revenue growth but their opex is growing at the same rate. OPEX as a % if revenue is 109%

$828M of revenue in the quarter but another $360M in stock based compensation.

This quarter they had their biggest GAAP loss since being public.

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were you long SNOW puts?

I don't pay much attention to earnings details. It was still oversold, it was most likely going to bounce (no matter what the news). If I had been paying attention, I'd have at least grabbed a couple calls out to June. Argh!

Brewmaster said:

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Dan Scott said:

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The more I look at SNOW, the more I hate it. I think this thing sells off.

I get the revenue growth but their opex is growing at the same rate. OPEX as a % if revenue is 109%

$828M of revenue in the quarter but another $360M in stock based compensation.

This quarter they had their biggest GAAP loss since being public.

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were you long SNOW puts?

I don't pay much attention to earnings details. It was still oversold, it was most likely going to bounce (no matter what the news). If I had been paying attention, I'd have at least grabbed a couple calls out to June. Argh!

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SNOW wasn't on my radar until yesterday when a poster asked for thoughts on it. It is now and I will look to short any spike. I listened to their conference call and they are looking to hire a big sales force. Another 1,000 employees.

SNOW grants all new employees RSUs that partially vest every quarter. The level of SBC is insane and going to hurt the equity over the longer term.

I can't believe the stock rallied on this earnings reports. They reported their biggest quarterly loss and lower margin guidance. Everybody focusing on the top line growth but it's all smoke and mirrors.

I agree with what you are saying but this is a tech heavy stock and will not play by the traditional fundamental rules.

McInnis 03 said:

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The activity on the GME 6/21 $20c is extraordinary. Has been for days.

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WOW!! $GME open interest update for the $20c 6/21 — open interest grew +65,342 and now stands at 100,057

Was 14,690 on Monday

I posted all of the whale fills this week.

$46.5M in total premium yesterday.

Price came down from last week & this trader has been loading! #GME https://t.co/uUlDXgH5ma pic.twitter.com/p1ZF33Hj0U

— Wolf of My Street🏡 (@Ryan__Rigg) May 23, 2024

Initial Jobless comes in a little below expectations while continued is up. Previous revised up a little as well

DELL with an overnight gap up of 10 points (147->157) on a sympathy with NVDA?

I'll be watching this one today to see if there is a scalp play somewhere in there.

POWL shorts were covering again yesterday and it's down to 4.3 days to cover.

El_duderino said:

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POWL shorts were covering again yesterday and it's down to 4.3 days to cover.

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Do you have a source that reports that daily? I only know of this one that is twice a month.

https://www.nasdaq.com/market-activity/stocks/powl/short-interest

I smell puts for a scalp on that one to retrace that gap

https://fintel.io/ss/us/powl

El_duderino said:

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I smell puts for a scalp on that one to retrace that gap

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I will watch the 10 min candles, if we get below the 5-12 EMA I'll take a bite. If we break the 34-50EMA I'll ride or die. lol

I'm also watching NVDA. Overnight high was 1023.44, and been hovering at 1014-1015 this morning.

It it retraces close to 1000 I'll be VERY interested in the reaction there. Buying against 1000 could be decent risk reward if it holds, shorting under 1000 could be the same. Risk mgmt will be name of the game there.

On the flip side, if it breaks 1023.44 for a gap and go, that would be a risk level to adhere to if longing.

At this point Dell is NOT a short, dang, powerful.

McInnis 03 said:

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At this point Dell is NOT a short, dang, powerful.

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Too late - just sold a credit spread at market open.

Seems there is a buyer sitting right at that 160 level right now. Get out the way so we can dippity doo.

A good morning to be in on puts. Sheesh.

SPY filled the overnight gap...just give it a bit to shrug off those hot PMI numbers...market gonna rip in 3...2...

Market Green to red after NVDA, is this finally the time?? Come elevator, get moving down lol

McInnis 03 said:

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I'm also watching NVDA. Overnight high was 1023.44, and been hovering at 1014-1015 this morning.

It it retraces close to 1000 I'll be VERY interested in the reaction there. Buying against 1000 could be decent risk reward if it holds, shorting under 1000 could be the same. Risk mgmt will be name of the game there.

On the flip side, if it breaks 1023.44 for a gap and go, that would be a risk level to adhere to if longing.

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WE're toying with the 10m 12ema.....

And there's SNOW taking an absolute **** at the open

I hope you sold those AMD calls at the open

McInnis 03 said:

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McInnis 03 said:

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I'm also watching NVDA. Overnight high was 1023.44, and been hovering at 1014-1015 this morning.

It it retraces close to 1000 I'll be VERY interested in the reaction there. Buying against 1000 could be decent risk reward if it holds, shorting under 1000 could be the same. Risk mgmt will be name of the game there.

On the flip side, if it breaks 1023.44 for a gap and go, that would be a risk level to adhere to if longing.

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WE're toying with the 10m 12ema.....

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Hereeee we go with a slight dip. Let's see if we can make this work.

update: straight to the 34 EMA with a slight bounce. Get below this and the fun can begin, it's (34EMA) right at 157

El_duderino said:

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I hope you sold those AMD calls at the open

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Sure did, small profit but a win is a win!

Good deal. I was in a $180 yesterday but got stopped out right around the FOMC minutes release

Time to double down on SLV? Down 6% this week.

What would you be looking to do here? I'm considering taking the profits on NVDA finally, but with the news of the split was the reason I thought about keeping it.

agdaddy04 said:

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What would you be looking to do here? I'm considering taking the profits on NVDA finally, but with the news of the split was the reason I thought about keeping it.

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Sold half of mine at 950+. I'm holding onto the rest for the split when we will see the fractional share people buying in