those eyes, wow. too bad the gif cuts off another great feature or 2 features, lol.Heineken-Ashi said:Texaggie7nine said:
Yikes. I have no stops on POWL. Should I?
Stock Markets
24,670,679 Views |
233363 Replies |
Last: 1 hr ago by Heineken-Ashi
Charismatic Megafauna
Joined:
May 22, 2017
Posts:
7,971
How long do you want to ignore this user?
AG
Texaggie7nine said:
Yikes. I have no stops on POWL. Should I?
You tryna get shaken out? Because they shaking pretty hard. Crwd too, earnings this week. As papa buffett says: scared money don't make money
If anyone is down on POWL and scared out of it then they're shortsighted. They should be trying to identify levels they're comfortable with and add more if it gets there. JMO, but I've been following this stock a long time and know it pretty well. I posted Friday what's going on with it, if anyone is nervous and missed my post.Charismatic Megafauna said:Texaggie7nine said:
Yikes. I have no stops on POWL. Should I?
You tryna get shaken out? Because they shaking pretty hard. Crwd too, earnings this week. As papa buffett says: scared money don't make money
Curious to see what the "signal" is you are seeing? Is it just based on RSI or are you seeing other indicators? TIAHeineken-Ashi said:
CAVA throwing a sell signal. A full RSI cycle down would likely take it to somewhere between $55 and $75 (I know, huge range) by July expiration. I just bought June $80 puts. Looking for min $77.50 and max $70 (as I think it will take a bit longer to get lower than that.
Edit - did not mean for the thumbs down
I'm long term bullish enough on both POWL and CAVA that I plan on sinking a good deal of cash into them this week anyway. If they both drop another 20% I am not sweating it because they're going to shoot up 40% from there soon enough and I don't need the money gaining 5% at the bank.
Besides, as well as those 2 businesses are doing, if they drop 20% there's gonna be some pain everywhere else in the market anyway.
I'm long term bullish enough on both POWL and CAVA that I plan on sinking a good deal of cash into them this week anyway. If they both drop another 20% I am not sweating it because they're going to shoot up 40% from there soon enough and I don't need the money gaining 5% at the bank.
Besides, as well as those 2 businesses are doing, if they drop 20% there's gonna be some pain everywhere else in the market anyway.
I only really act when multiple indicators align.bmoochie said:Curious to see what the "signal" is you are seeing? Is it just based on RSI or are you seeing other indicators? TIAHeineken-Ashi said:
CAVA throwing a sell signal. A full RSI cycle down would likely take it to somewhere between $55 and $75 (I know, huge range) by July expiration. I just bought June $80 puts. Looking for min $77.50 and max $70 (as I think it will take a bit longer to get lower than that.
I can definitely count a completed 5-wave pattern. I don't default on a pattern being over until I start to see supports broken. But the recent high happened with very high volume over a weekly period, with the biggest spike matching the first big spike from November. You usually get the highest volume in a 3rd wave or a 5th wave.
At the same time, I've got double weekly RSI sell signals, the first in March (aligns with what I count as a 3rd wave high) and the second in May aligning with the recent high. On daily, Friday threw off a sell signal. MACD has not yet crossed. But all of the intraday MACD's have crossed down.
We also have a very thin Ich cloud sitting between $65 and $70 on daily. The March spike was followed by a touch of the cloud before reversing back up.
Hourly 8 EMA has now crossed the 50.
Support is at $85 with resistance in the low $90's.
Edit to add: Beer candles show Friday as a bullish candle that didn't surpass the previous candle. That's a point of hesitation for being long. Today's candles is indecision. If tomorrow's candle follows through as a full bearish candle, it will be the first time since April it has a confirmed downtrend of any sort, with that April one sending it from $71 to $57. But back to the EW count, the 4th wave correction is always smaller than the one after a completed full 5-wave move up.
"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)
CAVA selling off isn't necessarily bad. If so, it would mean the recent high has become the first wave of a much larger move, and the selloff being a needed reset following a successful ramp up from IPO before moving higher. My short position isn't because I don't believe in the company. It's actually my favorite lunch spot. The food is top notch. I am a big bull long term and think it will be between $350 and $500 over the next decade.flashplayer said:
Edit - did not mean for the thumbs down
I'm long term bullish enough on both POWL and CAVA that I plan on sinking a good deal of cash into them this week anyway. If they both drop another 20% I am not sweating it because they're going to shoot up 40% from there soon enough and I don't need the money gaining 5% at the bank.
Besides, as well as those 2 businesses are doing, if they drop 20% there's gonna be some pain everywhere else in the market anyway.
"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)
Gonna swing some AMD calls here. Last few times.it's dipped to this level it recovered within a day or two strongly. Worth a chance imo.
McInnis 03 said:
Gonna swing some AMD calls here. Last few times.it's dipped to this level it recovered within a day or two strongly. Worth a chance imo.
i keep telling myself to do puts at $170. for over two weeks its gone to that level and violently rejects. the yo yo back and forth would have been very profitable but I think you are definitely on the right path here.McInnis 03 said:
Gonna swing some AMD calls here. Last few times.it's dipped to this level it recovered within a day or two strongly. Worth a chance imo.
Bought the TNA dip. Targeting $41.
This market is almost identical to the Friday's so If anyone wanted a HIGH RISK lotto, look at the SPY 528c that expires today trading at .07. If it runs in the last 30 minutes like it did Friday, then they'll probably pay. Expect them to expire worthless though.
Was just coming here to post something similar.ProgN said:
This market is almost identical to the Friday's so If anyone wanted a HIGH RISK lotto, look at the SPY 528c that expires today trading at .07. If it runs in the last 30 minutes like it did Friday, then they'll probably pay. Expect them to expire worthless though.
You know what that means?
GO PUTS. LOL
McInnis 03 said:Was just coming here to post something similar.ProgN said:
This market is almost identical to the Friday's so If anyone wanted a HIGH RISK lotto, look at the SPY 528c that expires today trading at .07. If it runs in the last 30 minutes like it did Friday, then they'll probably pay. Expect them to expire worthless though.
You know what that means?
GO PUTS. LOL
Friday was end of month buying/rotation that all hammered at the end of the day. Don't see that happening here, but might do a lotto anyway because I like you.ProgN said:
This market is almost identical to the Friday's so If anyone wanted a HIGH RISK lotto, look at the SPY 528c that expires today trading at .07. If it runs in the last 30 minutes like it did Friday, then they'll probably pay. Expect them to expire worthless though.
"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)
Heineken-Ashi said:Friday was end of month buying/rotation that all hammered at the end of the day. Don't see that happening here, but might do a lotto anyway because I like you.ProgN said:
This market is almost identical to the Friday's so If anyone wanted a HIGH RISK lotto, look at the SPY 528c that expires today trading at .07. If it runs in the last 30 minutes like it did Friday, then they'll probably pay. Expect them to expire worthless though.
ProgN said:Heineken-Ashi said:Friday was end of month buying/rotation that all hammered at the end of the day. Don't see that happening here, but might do a lotto anyway because I like you.ProgN said:
This market is almost identical to the Friday's so If anyone wanted a HIGH RISK lotto, look at the SPY 528c that expires today trading at .07. If it runs in the last 30 minutes like it did Friday, then they'll probably pay. Expect them to expire worthless though.
"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)
ProgN said:If anyone is down on POWL and scared out of it then they're shortsighted. They should be trying to identify levels they're comfortable with and add more if it gets there. JMO, but I've been following this stock a long time and know it pretty well. I posted Friday what's going on with it, if anyone is nervous and missed my post.Charismatic Megafauna said:Texaggie7nine said:
Yikes. I have no stops on POWL. Should I?
You tryna get shaken out? Because they shaking pretty hard. Crwd too, earnings this week. As papa buffett says: scared money don't make money
I'm prepared to full port (Roth) this bish (at the right price).Ive done it before with high conviction plays (CLF/ZIM) and I'll do it again.
Sold July $165 puts for $10 premium. Figure a $155 basis is a good entry for a longer term hold if called.
ProgN
Joined:
Jan 1, 2015
Posts:
36,731
How long do you want to ignore this user?
The absurdity from our overlords continues:
JUST IN: E*Trade is considering telling meme-stock leader Keith Gill he can no longer use its platform after growing concerned about potential stock manipulation around his recent purchases of $GME pic.twitter.com/kTL6kEyct8
— Cheddar Flow (@CheddarFlow) June 3, 2024
That's a solid move imho.Swollen Thumb said:
Sold July $165 puts for $10 premium. Figure a $155 basis is a good entry for a longer term hold if called.
WSJ reports that E*trade is considering kicking roaring kitty off eyrade. GME tanking.
Wow.
Wow.
Zac Morris and crew get off scot-free and now because a dude tweets his position or a freaking Uno card he's manipulating stocks? Come on.GreasenUSA said:
The absurdity from our overlords continues:JUST IN: E*Trade is considering telling meme-stock leader Keith Gill he can no longer use its platform after growing concerned about potential stock manipulation around his recent purchases of $GME pic.twitter.com/kTL6kEyct8
— Cheddar Flow (@CheddarFlow) June 3, 2024
Well I didn't lose money on the lotto.
"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)
Guess he should have just hopped on CNBC to pump his book instead.GreasenUSA said:
The absurdity from our overlords continues:JUST IN: E*Trade is considering telling meme-stock leader Keith Gill he can no longer use its platform after growing concerned about potential stock manipulation around his recent purchases of $GME pic.twitter.com/kTL6kEyct8
— Cheddar Flow (@CheddarFlow) June 3, 2024
Or be a congressmen and trade around actually manipulating entire industries.
New updated. He didn't sell.
Just posted on Reddit.
https://www.reddit.com/r/Superstonk/s/b3ayVwxV93
Just posted on Reddit.
https://www.reddit.com/r/Superstonk/s/b3ayVwxV93
Charismatic Megafauna
Joined:
May 22, 2017
Posts:
7,971
How long do you want to ignore this user?
AG
ProgN said:
This market is almost identical to the Friday's so If anyone wanted a HIGH RISK lotto, look at the SPY 528c that expires today trading at .07. If it runs in the last 30 minutes like it did Friday, then they'll probably pay. Expect them to expire worthless though.
Did xsp 528 calls for .05, closed at .34
You da man!
It's funny. All he did was buy calls, I believe covered calls at that, and then tell people about it.
Investment banks have shorted GME for two years, with billions at stake, suppressing the upward volatility of the stock. But no one seems to give a crap about that.
E-Trade printing that story makes his PR case for him. The double standard is shocking.
Investment banks have shorted GME for two years, with billions at stake, suppressing the upward volatility of the stock. But no one seems to give a crap about that.
E-Trade printing that story makes his PR case for him. The double standard is shocking.
Citron brings up an interesting point. They question his ability to have so much capital. They seem to think there is someone backing him in order to profit from an equity manipulation.
I don't know how much coin Keith has but we do know he has diamond hands.
I don't know how much coin Keith has but we do know he has diamond hands.
He's been begging to get fined/investigated though. I guess it's good for him he should be able to afford the best lawyers to fight it. Telling folks about it directly was…an unforced error, imho.
wow, didn't sell?? he's not too sharp. **** at least sell half at open this morning. It was clear even to a half assed trader like me it was coming down from that premarket peak.Dan Scott said:
New updated. He didn't sell.
Just posted on Reddit.
https://www.reddit.com/r/Superstonk/s/b3ayVwxV93
as OA pointed out too, these names get halted like crazy now, giving shorts a fighting chance.
I hope I'm wrong and he makes 1B and buys or puts ETrade out of business.
if I remember right, last time (2021?) he took almost full possession of shares. He only sold off a few million dollars worth.Brewmaster said:wow, didn't sell?? he's not too sharp. **** at least sell half at open this morning. It was clear even to a half assed trader like me it was coming down from that premarket peak.Dan Scott said:
New updated. He didn't sell.
Just posted on Reddit.
https://www.reddit.com/r/Superstonk/s/b3ayVwxV93
as OA pointed out too, these names get halted like crazy now, giving shorts a fighting chance.
I hope I'm wrong and he makes 1B and buys or puts ETrade out of business.
It would be ridiculous if DFV/Roaring Kitty is nabbed for manipulation when Zack Morris & Co. we caught red handed front running and had the case dropped. He tweeted his position today and HELD ALL OF IT lolMcInnis 03 said:Zac Morris and crew get off scot-free and now because a dude tweets his position or a freaking Uno card he's manipulating stocks? Come on.GreasenUSA said:
The absurdity from our overlords continues:JUST IN: E*Trade is considering telling meme-stock leader Keith Gill he can no longer use its platform after growing concerned about potential stock manipulation around his recent purchases of $GME pic.twitter.com/kTL6kEyct8
— Cheddar Flow (@CheddarFlow) June 3, 2024
All these dewshbags on CNBC should be investigated.
For weeks, Gene Munster has been talking glowingly about Apple, two weeks ago saying it was set up for a "monster turnaround". Then suddenly in an interview today on CNBC he discretely mentions that he owns Meta and Google, but leaves out Apple. The host has to ASK HIM if he… pic.twitter.com/dMN9oTfQrs
— Joseph Carlson (@joecarlsonshow) March 26, 2024
Featured Stories
See All
Second CFP rankings of 2024 sees Texas A&M move down to No. 15
by Richard Zane
10:53
18h ago
2.4k
5 Thoughts: No. 23 Texas A&M 97, Lamar 71
by Luke Evangelist