ProgN said:

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spud1910 said:

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ProgN said:

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cgh1999 said:

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ProgN said:

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I'm not recommending this stock, but could provide a quick strike trade. If anyone profits, I don't want kudos, and if you lose your ass, don't blame it on me.

I know nothing about this one but volume of this type usually has follow through the next morning ATO.

This stock is $MIRA

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Trading is halted. Where do you think it goes?

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I have no f'ing clue. I'm just interested in a in and out quick strike, not investing in it. It's a complete gamble but could be a fun ride.

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The drug that they are working on looks very interesting.

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I trust you doc, but I haven't done a second of real DD on it. I just know that when a stock trades over 10X it's entire float in a day, that I've had profitable quick hits due to the feeding frenzy. I'm not looking to invest in it because almost always these stocks come back down after a few days and the piranhas are on to the next shiny thing.

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Yeah, it could go either way. At this stage it shows great promise, but as with many biopharm products it could easily fail before anything is brought to the market.

Heineken-Ashi said:

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HoustonAg_2009 said:

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I like your thesis. Any stock recommendations to buy at this level? I'm heavy COP but would like to pick up 1-2 more.

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I own TALO, RIG, VRN, KOS, AR, SWN, SLB, WTI, OXY, MRO, XLE, ET, EPD, MJDLF, APA, DVN, HES, COP, NOV.

Watching VAL, PDS, NBR (stop was hit on previous entry), HAL, WHD, RNGR, BKR, TUSK, TTI, CVX, XOM, BP and a handful of others.

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Do you find this strategy more effective than going with an ETF like ERX, or something without leverage?

LMCane said:

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Brewmaster said:

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bitcoin/ mara etc. look ready to fly. I added some MARA on the dip this morning.

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come on bitcoin!

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flagging, but with lower lows and lower highs. Macro markets really need to cool off for a couple weeks though, which gives me pause.

South Platte said:

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Heineken-Ashi said:

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HoustonAg_2009 said:

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I like your thesis. Any stock recommendations to buy at this level? I'm heavy COP but would like to pick up 1-2 more.

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I own TALO, RIG, VRN, KOS, AR, SWN, SLB, WTI, OXY, MRO, XLE, ET, EPD, MJDLF, APA, DVN, HES, COP, NOV.

Watching VAL, PDS, NBR (stop was hit on previous entry), HAL, WHD, RNGR, BKR, TUSK, TTI, CVX, XOM, BP and a handful of others.

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Do you find this strategy more effective than going with an ETF like ERX, or something without leverage?

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I have XLE and will add XOP and USO most likely. That's my broader exposure. But like I said, I'm more focused on identifying the companies that are best aligned for the future. Might drop some holdings. Might add others. Lot of DD left to do.

aggies4life said:

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As always! Thanks for your insight!

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ZION had good earnings is up to a new high. I'll give it through the week, as a new high will still have the same reversal target on both price and timing should it top off. But the premium will likely be depleted if its up higher. Can't fault anyone who jumped in for bailing tomorrow. But I'm gonna hang on.

ProgN said:

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RightWingConspirator said:

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Anyone else looking at CRWD at these levels? This is a stock that has done very well for me over the years. I'm already net free on it but considering adding a few more shares at these levels.

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I'll be a buyer at $200.

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Another 25% down? I hope not.

I posted a MARA chart a couple weeks back with supply and demand zones. Since then, it entered the first supply zone and even broke through, then caught some selling about halfway between that one and the next higher zone. So I've revised the higher zone to where it supply flooded recently. And it's a big upper zone. Support is obvious.

HMY, up more than double my entry late last year. Triangles galore. If this one plays out, might be the last chance for entry below $10.

VXX - In the pivot zone. Would prefer it hold today's bottom for a bullish setup. Splits on Wednesday and price will 4x. If it's held within the zone and moved back up above it, I'll be buying some calls probably a month out just out of the money. Might buy some shares. Stay tuned.



Some out there are predicting a volmageddon is coming. When that happens, there's usually the "initial shock" and then a 1-3 month consolidation before rippy. Last one was COVID. Initial shock in January 2020 topping at end of month. Retracement and consolidation through February. Then rippy. Those who held shares got handsomly rewarded. Keep in mind, this has been split since then. If it makes a new low, the apocolypse is cancelled.

Watching NQ (Nasdaq futures) tonight and tomorrow morning for clues. Supply and demand shown. If it butts its head, there's a significant threat for another low with a very wide zone of support.

EURUSD should have one more move up into the next supply zone before finding resistance of some sort. RSI and MACD have almost completely reset on a very tiny corrective move and MACD is curling back up. World is still moving on a weakening dollar compared to other currencies. Definitely relevant as rates would likely come down a little more should this move up happen.

tejas_ayanem said:

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ProgN said:

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RightWingConspirator said:

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Anyone else looking at CRWD at these levels? This is a stock that has done very well for me over the years. I'm already net free on it but considering adding a few more shares at these levels.

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I'll be a buyer at $200.

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Another 25% down? I hope not.

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Yeah, let's hope not! Thought I did good buying more at $299 Friday. Had to buy more at $265 today to lower my cost basis a bit. Ready for it to turn back the other direction!

Got a little SMCI and NVDA, going in opposite directions this past week or so.

It's tempting to take NVDA profits to buy more SMCI, but I feel like I'll miss the boat on more NVDA gains like last time.

Buy just triggered on USO.

NVDA busted through $124. Immediate downside setup is close to full invalidation, though as I explained yesterday, this could still chop in this $10 range for a while. Watching closely.

Brian Earl Spilner said:

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Got a little SMCI and NVDA, going in opposite directions this past week or so.

It's tempting to take NVDA profits to buy more SMCI, but I feel like I'll miss the boat on more NVDA gains like last time.

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I admire your intestinal fortitude brother

SMCI has been getting crushed the last few months.

what makes you confident it is going to come storming back in the next few years?

and I do own four shares of it.

txaggie_08 said:

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POWL starting the build going into earnings next week?

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Because I trust the wisdom of this board -

I started a position in POWL and since it's down 15%

Threw caution to the wind and dumped another $6k into QQQM in my Roth 401k account.

Still sitting on $35k cash in case a real correction is still in the cards, but I'm feeling more and more like that's just not happening this year.

Got in right before everything started rallying.

I'm really just betting that a continued AI/tech rally will push it up to new highs again, with a likely stock split on the horizon as well as being added to the Nasdaq.

Admittedly I have done zero research on the fundamentals.

so if Biden does depart the earth in the next couple days, the most we see is a 2% correction? That would be 540's I believe. Strange times we are living in now.

NEWP looks like an inverse H&S

Has anyone done any digging into BKLC?

It is a zero dollar/percent fee ETF that tracks the Solactive GBS United States 500 Index TR. I have been slowly dumping funds in this ETF since September of last year and am up 18% total and upwards of 30% on my initial investments.

Might be an option for those more adverse to risk like myself.

MARA - entering $21.75 range if it comes down to there. Stop $20.50. Target $28.50-$30 range.

Edit to add: Stop is important. Daily touched the upper keltner band on the last run up. My base expectation after a touch there is the mid Kelner band in a retracement which comes in at high $20.40's, so stop will likely be a little lower than $20.50. If it gets through that, base expectation shifts to seeing lower band before another run at upper band, meaning I would expect low to mid teens. Now, Keltner's aren't that straight forward. The last couple of months have played on both sides of the mid and we never got a lower touch after the February high upper touch. But we've been in a consolidation pattern and have now double touched the upper band (actually tiple as the December high blew through the upper band with authority and each subsequent touch has been more delicate) without really coming close to the lower. It's highly unlikely we get a quadruple touch, especially if we break below the mid band.

I won't say I'm confident, as MACD had rolled down on daily and RSI has come down from overbought, but I could see this being a last hoorah for TSLA on this runup using earnings as a catalyst. Target range would be $285-$300. It often isn't the final move that gets RSI and MACD the most overbought or oversold, but the second to last move. I already have my position formed at much lower prices. But I might grab some weekly expiring $265 or $270 calls. They're expensive, so very risky.