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
Don't try buying the $SPX dip till the VIX comes off - pic.twitter.com/KRofbWAUKX
— John F. Carter (@johnfcarter) July 24, 2024
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.
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.
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.
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.
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
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.
No, monthly expiration - 8/16GKrebs17 said:
August 1?
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?
🇨🇦 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
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?
BaylorSpineGuy said:
PRG?!
What is PROG Holdings and why is it up 20%+ today?! You wouldn't let us in on your secret?!
Heineken-Ashi said:
If NVDA hits $111 area
Looking for $125-$130