Don't try buying the $SPX dip till the VIX comes off - pic.twitter.com/KRofbWAUKX
— John F. Carter (@johnfcarter) July 24, 2024
ok, that's funny
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Last: 4 hrs ago by spud1910
ok, that's funny
Buying but still got 40k of dry powder.
SMCI may want the 200 day, 680's. ouch
bigger buy around 10:23 central.
bigger buy around 10:23 central.
PRG?!
What is PROG Holdings and why is it up 20%+ today?! You wouldn't let us in on your secret?!
What is PROG Holdings and why is it up 20%+ today?! You wouldn't let us in on your secret?!
If TSLA can hold that bottom there can still be a path to $285-$300. Not as likely had it held $225, but still possible.
"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."
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Lower Keltner band on daily comes in at $600.Brewmaster said:
SMCI may want the 200 day, 680's. ouch
bigger buy around 10:23 central.
"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."
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Spy bounced off 544. If it goes through it I wonder how much further.
NVDA working down to that $111 target I outlined two weeks ago. Range was down to $106 but it's hard to imagine it dropping that far based on the structure.
"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."
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I posted this on July 5th
Don't step in front of freight train. No need to buy the dip. Wait until it confirms that it was a dip. $600 range has really gained in probability today.Quote:
SMCI - Another break below $750 probably spells short term doom with lower targets anywhere from $375 to $600. But ProgN is right that there is still a chance it can explode higher with $1,500+ absolutely possible. I'm personally not willing to bet on it, as the chart is currently weak. And even if it does happen, the fall from there would likely be harder with the same lower targets.
"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."
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Base case right nor for SMCI
We're in the support box. Hold in here, and get through the green box, and something else other than a downward impulse is happening. Through the support box, and any bounce that follows should not be expected to get back above $785.
We're in the support box. Hold in here, and get through the green box, and something else other than a downward impulse is happening. Through the support box, and any bounce that follows should not be expected to get back above $785.
"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."
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AAPL - Any lower and the rising lower trendline from April breaks.
"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."
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THE SKY IS FALLING!!!!!!!1!!1
MARA gap filled to $21. Let's see if thats a bottom and we get reversal. Have my first position since exiting near the top months ago. Stop is at $19, but that's not scientific. I don't mind losing a little to not get shaken out on a short gamma day. But below that and the bear case starts to pick up potential.
"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."
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10y vs 2y vs FEDFUNDS
Any lower in bond yields and you might get your first sign that the FED is for sure cutting. 25 bps has already been baked in for September. Another 50bps by year end. Market fully expects cut in September. And bond yields are what's signaling it.
Any lower in bond yields and you might get your first sign that the FED is for sure cutting. 25 bps has already been baked in for September. Another 50bps by year end. Market fully expects cut in September. And bond yields are what's signaling it.
"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."
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Two most likely paths I see for VXX right now
"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."
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I've followed this thread for a few years but have never posted on here. I think the dialogue is amazing and I wanted to exchange thoughts on a couple of stocks recommended to me by someone with superior knowledge than me.
ETNB - https://www.89bio.com/ Biopharm company focused on liver disease treatment that apparently has some advanced clinical trials. Institutional investing has surged over the past few quarters, including Blackrock. $31 price target, currently $9.
TRMD - https://www.torm.com/ Oil product tanker company. 14% dividend, but has still had a steady run up to ATH over past 5 years. $41 price target, currently $39.
Any thoughts from you guys would be amazing. I'm not skilled at TA but like to research. I just don't know if these price targets are worth anything since neither have many eyes on them.
ETNB - https://www.89bio.com/ Biopharm company focused on liver disease treatment that apparently has some advanced clinical trials. Institutional investing has surged over the past few quarters, including Blackrock. $31 price target, currently $9.
TRMD - https://www.torm.com/ Oil product tanker company. 14% dividend, but has still had a steady run up to ATH over past 5 years. $41 price target, currently $39.
Any thoughts from you guys would be amazing. I'm not skilled at TA but like to research. I just don't know if these price targets are worth anything since neither have many eyes on them.
Wise words, I got stopped out. I can always re-enter later.Heineken-Ashi said:
I posted this on July 5thDon't step in front of freight train. No need to buy the dip. Wait until it confirms that it was a dip. $600 range has really gained in probability today.Quote:
SMCI - Another break below $750 probably spells short term doom with lower targets anywhere from $375 to $600. But ProgN is right that there is still a chance it can explode higher with $1,500+ absolutely possible. I'm personally not willing to bet on it, as the chart is currently weak. And even if it does happen, the fall from there would likely be harder with the same lower targets.
I'm eyeing SPY $560 calls for August looking to make 2x-5x on a play back to previous high and maybe one more higher high.
Anyone interested?
Anyone interested?
"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)
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Welcome to the clubhouse, and don't be shy.JCB97 said:
I've followed this thread for a few years but have never posted on here. I think the dialogue is amazing and I wanted to exchange thoughts on a couple of stocks recommended to me by someone with superior knowledge than me.
ETNB - https://www.89bio.com/ Biopharm company focused on liver disease treatment that apparently has some advanced clinical trials. Institutional investing has surged over the past few quarters, including Blackrock. $31 price target, currently $9.
TRMD - https://www.torm.com/ Oil product tanker company. 14% dividend, but has still had a steady run up to ATH over past 5 years. $41 price target, currently $39.
Any thoughts from you guys would be amazing. I'm not skilled at TA but like to research. I just don't know if these price targets are worth anything since neither have many eyes on them.
I'll look at them this weekend if that's alright because I'm having a busy week.
Lets ride
Not just yet. Ideal entry would be $540 which would be around $1.50 per contract and significantly raise the potential returns.tlh3842 said:
Lets ride
I'll post when I think it's time to enter.
"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."
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Thank you! I've owned shares in both, but currently don't own any shares of either.ProgN said:Welcome to the clubhouse, and don't be shy.JCB97 said:
I've followed this thread for a few years but have never posted on here. I think the dialogue is amazing and I wanted to exchange thoughts on a couple of stocks recommended to me by someone with superior knowledge than me.
ETNB - https://www.89bio.com/ Biopharm company focused on liver disease treatment that apparently has some advanced clinical trials. Institutional investing has surged over the past few quarters, including Blackrock. $31 price target, currently $9.
TRMD - https://www.torm.com/ Oil product tanker company. 14% dividend, but has still had a steady run up to ATH over past 5 years. $41 price target, currently $39.
Any thoughts from you guys would be amazing. I'm not skilled at TA but like to research. I just don't know if these price targets are worth anything since neither have many eyes on them.
I'll look at them this weekend if that's alright because I'm having a busy week.
August 1?
No, monthly expiration - 8/16GKrebs17 said:
August 1?
"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."
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Just bought some $550 calls expiring Friday. Rally, anyone???Heineken-Ashi said:
I'm eyeing SPY $560 calls for August looking to make 2x-5x on a play back to previous high and maybe one more higher high.
Anyone interested?
Something to watch. Might give me pause on the calls. Might lose the trendline from the October low.
Look what happened last year when we lost the trendline close to this same time of year..
Look what happened last year when we lost the trendline close to this same time of year..
"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."
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Uh oh
🇨🇦 Bank of Canada's REPO crisis is rapidly worsening, requiring $16 billion of liquidity injections today.
— Financelot (@FinanceLancelot) July 24, 2024
One of the banks is in trouble, we just don't know which one.$TD $RY $BMO $BNS $CM https://t.co/6P6ecjqFYg pic.twitter.com/DI5vbB8znW
"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."
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What does this mean?? Can you explain it like I'm 5?
Boy did that blow up in my face immediately.Brian Earl Spilner said:
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.
A big bank in Canada is needing to sell its treasuries to the FED to raise money for a liquidity crisis. The goal would be to buy them back at a later day once the storm clears.TheVarian said:
What does this mean?? Can you explain it like I'm 5?
Global economies are teetering on the edge, Capital One has massive credit risk, the Japanese yen is tanking forcing them to sell their treasuries into the market to raise funds to attempt to backstop their own currency, and now we are hearing of a potential mega bank in Canada having a liquidity crisis.
Things are not trending well, and liquidity has been falling for months. As I've outlined before, falling bond yields is the first sign that something bad is coming. If you start to see an increased flight to safety (falling yields and rising bonds), it means the market is bracing for something and buying up treasuries before its too late.
"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."
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BaylorSpineGuy said:
PRG?!
What is PROG Holdings and why is it up 20%+ today?! You wouldn't let us in on your secret?!
Grassy a$$ me hoe
If NVDA hits $111 area
Looking for $125-$130
Looking for $125-$130
"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."
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i'm thinking SPY 500 puts instead of calls
Heineken-Ashi said:
If NVDA hits $111 area
Looking for $125-$130
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