They're literally sitting on like $5B in cash. I dont' care if you're only selling tic tacs on a mall pad site. If your company is sitting on $5B in cash, you have potential.Dan Scott said:
1 month ago GME was trading at 10/share. Today GME had $10/share in cash.
That's crazy.
Stock Markets
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Last: 16 min ago by Heineken-Ashi
So hurdle 1 of 3 is complete today. CPI is 1, FOMC meeting minutes is 2, Powell talking is 3.
The last two times Powell has talked I feel like SPY has just gone ape **** moon crazy.
The last two times Powell has talked I feel like SPY has just gone ape **** moon crazy.
FSLR racing ABOVE psych 300 here in premarket. If 300 holds, that's a gap and go opportunity. If 300 fails that's a gap and crap opportunity.
McInnis 03 said:They're literally sitting on like $5B in cash. I dont' care if you're only selling tic tacs on a mall pad site. If your company is sitting on $5B in cash, you have potential.Dan Scott said:
1 month ago GME was trading at 10/share. Today GME had $10/share in cash.
That's crazy.
The $GME GameStop story is incredible.
— amit (@amitisinvesting) June 11, 2024
They just diluted shareholders with 75M shares.
They now have ZERO debt. $4B in cash.
Market cap is $9B, so half the marketcap is cash. The business is still doing about $3.2B per year in revenue. The stock is up 74% YTD.
The stock… https://t.co/DpewSp9Bzl
What a great and unique position to be in, especially in this economy. Hopefully Gamestop doesn't squander it by keeping to the status quo.
Sheesh, everything is running wild here off that CPI print.
Trappy trappy???McInnis 03 said:
Sheesh, everything is running wild here off that CPI print.
more like rippy rippy
Powell will do nothing to talk this market down...
Powell will do nothing to talk this market down...
Jerome Powell is giving his update on rate cuts at 2:00pm EDT, so we'll see if it holds.McInnis 03 said:
Sheesh, everything is running wild here off that CPI print.
The cynical side of me knows it's an election year and all these people want to hold onto their jobs. What better way to do that than to just ignore all common sense and issue an unpredicted rate cut to make markets go ballistic. Long term damage be damned when your job is on the line.
RKT breaking out
I agree with you...Powell may send this sucker to 5,500 today!
TNA
Heini: Curious your thoughts on Cava now? Do you think set up is still valid or does this change your thoughts?
Inflation at 3.3%...McInnis 03 said:
The cynical side of me knows it's an election year and all these people want to hold onto their jobs. What better way to do that than to just ignore all common sense and issue an unpredicted rate cut to make markets go ballistic. Long term damage be damned when your job is on the line.
Which is 65% higher than the target of 2%.
This moronic market rockets on the stupid ***** Gambol it up!
Technically valid, but not ideal. IF it drops today I'd probably sell out around the $80 level.bmoochie said:
Heini: Curious your thoughts on Cava now? Do you think set up is still valid or does this change your thoughts?
"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)
Saw last night that JFBR and SMFL are both shorted over 100% of the float. If the degenerates ever caught word of this (especially since JFBR is a penny stock) they could really do some nutty **** with it.
Oh, and their floats were both like less than 500,000 shares.
Oh, and their floats were both like less than 500,000 shares.
and what's even funnier to me is saying inflation is 3.3%
Looks like LWLG might be ready to move - big jump today. I entered at 3.04 with a stop at 2.25Heineken-Ashi said:
LWLG - Watch this one. Not a buy yet, but getting close. Watching for low $2's. This is a long term swing with a target of $20+.
The company has some interesting prospects and is pounding the table on their high speed, low power consumption electro-optic polymers.
There's $215 for AAPL.
It's liek NVDA and AAPL are racing.
Provided we're all heavy in the S&P 500, we all win either way.
It's starting to feel like some QQQ puts 2 weeks out would be a prudent hedge........Brian Earl Spilner said:
Provided we're all heavy in the S&P 500, we all win either way.
Well I'm still relatively heavy in cash waiting for a QQQ dip that still hasn't come....
Probably gonna have to adjust those orders way up.
Probably gonna have to adjust those orders way up.
This market is about to cool down and go low volume for a couple hours waiting for the FED.
There's a ton of stocks hitting upside targets, hitting retrace targets, and that have beautiful downward setups just waiting for a catalyst. That said, we haven't been able to get any downward setups to follow through since the Q3 selloff last year. Going aggressively short is extremely risky. Today is the perfect catalyst to send the market down. Will it? TBD. If it goes rippy from here, then we will officially be in blowoff move territory likely looking another month or two ahead before SHTF.
Watch bond yields. 10-year below 4.18% could start an aggressive move down. Bond yields in 2007 started selling hard in June. We never got the double top this time around, but we don't necessarily need it.
Be careful getting aggressive each way. This is a risky market.
There's a ton of stocks hitting upside targets, hitting retrace targets, and that have beautiful downward setups just waiting for a catalyst. That said, we haven't been able to get any downward setups to follow through since the Q3 selloff last year. Going aggressively short is extremely risky. Today is the perfect catalyst to send the market down. Will it? TBD. If it goes rippy from here, then we will officially be in blowoff move territory likely looking another month or two ahead before SHTF.
Watch bond yields. 10-year below 4.18% could start an aggressive move down. Bond yields in 2007 started selling hard in June. We never got the double top this time around, but we don't necessarily need it.
Be careful getting aggressive each way. This is a risky market.
"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)
POWL let's go to Valhalla babaaaaay.
Hoping to see this hurdle 180 in short order.
Hoping to see this hurdle 180 in short order.
Vast majority don't understand the history that you have been preaching on this board.Heineken-Ashi said:
This market is about to cool down and go low volume for a couple hours waiting for the FED.
There's a ton of stocks hitting upside targets, hitting retrace targets, and that have beautiful downward setups just waiting for a catalyst. That said, we haven't been able to get any downward setups to follow through since the Q3 selloff last year. Going aggressively short is extremely risky. Today is the perfect catalyst to send the market down. Will it? TBD. If it goes rippy from here, then we will officially be in blowoff move territory likely looking another month or two ahead before SHTF.
Watch bond yields. 10-year below 4.18% could start an aggressive move down. Bond yields in 2007 started selling hard in June. We never got the double top this time around, but we don't necessarily need it.
Be careful getting aggressive each way. This is a risky market.
The crash happens AFTER rate cuts start. In simplistic terms large bulk dollars will rush out of the market to lock up long term high yields that will increase in value when cuts happen.
These assets can then be used to collateralize large lending institutions to pad revenues that will be lost when their floating LOCs start to drop.
This is very simplistic but it is a concern that I carry.
We should get beers sometime and talk nerdy finance and econSF2004 said:Vast majority don't understand the history that you have been preaching on this board.Heineken-Ashi said:
This market is about to cool down and go low volume for a couple hours waiting for the FED.
There's a ton of stocks hitting upside targets, hitting retrace targets, and that have beautiful downward setups just waiting for a catalyst. That said, we haven't been able to get any downward setups to follow through since the Q3 selloff last year. Going aggressively short is extremely risky. Today is the perfect catalyst to send the market down. Will it? TBD. If it goes rippy from here, then we will officially be in blowoff move territory likely looking another month or two ahead before SHTF.
Watch bond yields. 10-year below 4.18% could start an aggressive move down. Bond yields in 2007 started selling hard in June. We never got the double top this time around, but we don't necessarily need it.
Be careful getting aggressive each way. This is a risky market.
The crash happens AFTER rate cuts start. In simplistic terms large bulk dollars will rush out of the market to lock up long term high yields that will increase in value when cuts happen.
These assets can then be used to collateralize large lending institutions to pad revenues that will be lost when their floating LOCs start to drop.
This is very simplistic but it is a concern that I carry.
"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)
McInnis 03 said:It's starting to feel like some QQQ puts 2 weeks out would be a prudent hedge........Brian Earl Spilner said:
Provided we're all heavy in the S&P 500, we all win either way.
I sold a covered call on NVDA last week with a $130 strike and I'm starting to have regret but this is where discipline comes in. Something about hogs getting slaughtered…
And this must be why uncle Warren has loaded the boat with them.SF2004 said:Vast majority don't understand the history that you have been preaching on this board.Heineken-Ashi said:
This market is about to cool down and go low volume for a couple hours waiting for the FED.
There's a ton of stocks hitting upside targets, hitting retrace targets, and that have beautiful downward setups just waiting for a catalyst. That said, we haven't been able to get any downward setups to follow through since the Q3 selloff last year. Going aggressively short is extremely risky. Today is the perfect catalyst to send the market down. Will it? TBD. If it goes rippy from here, then we will officially be in blowoff move territory likely looking another month or two ahead before SHTF.
Watch bond yields. 10-year below 4.18% could start an aggressive move down. Bond yields in 2007 started selling hard in June. We never got the double top this time around, but we don't necessarily need it.
Be careful getting aggressive each way. This is a risky market.
The crash happens AFTER rate cuts start. In simplistic terms large bulk dollars will rush out of the market to lock up long term high yields that will increase in value when cuts happen.
These assets can then be used to collateralize large lending institutions to pad revenues that will be lost when their floating LOCs start to drop.
This is very simplistic but it is a concern that I carry.
Fear not being called out. If this is part of your plan, then it's part of your plan.BT1395 said:McInnis 03 said:It's starting to feel like some QQQ puts 2 weeks out would be a prudent hedge........Brian Earl Spilner said:
Provided we're all heavy in the S&P 500, we all win either way.
I sold a covered call on NVDA last week with a $130 strike and I'm starting to have regret but this is where discipline comes in. Something about hogs getting slaughtered…
WING broke through the channel
TLT is breaking out of a longgggg daily pattern
I'm too dumb to know how whatbl the fed is doing affects TLT
I'm too dumb to know how whatbl the fed is doing affects TLT
Another successful TexAgs hookup
AAPL and TNA giving me huge profits this week, and yet I'm still pissed about the $150 I lost on GME last week...
I am a long time lurker, live in College Station and would gladly get a room at Pebble Creek Country Club to host a meetup for this group.
Maybe closer to football season or the Friday night before a football weekend.
Maybe closer to football season or the Friday night before a football weekend.