BP second quarter profit beats expectations and they raise dividend by 10%

M4 Benelli said:

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Brian Earl Spilner said:

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Show me yours and I'll show you mine.

SMCI: 19 shares, $773.22 cost/share.

Not a crazy amount, but certainly the most I've ever had in it. I'm sure it pales in comparison to what other folks have...

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I'll play
POWL- 300 shares at 146 (bought my first load when was still teetering off 160.
SMCI- 15 shares at 726

I'll DCA down or cash out fat depending on which direction we go. I'm trying to visit Valhalla.

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Here
From advice from this board

POWL 60 shares at $160.73
SMCI 15 shares at $769.11

I'm DCA down as well. Plan to buy 100 MORE shares of both

deddog said:

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EliteZags said:

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Heineken-Ashi said:

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GKrebs17 said:

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Thoughts on ETSY?

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A company that caters to stay at home moms and craft makers, at a time when disposable income is shrinking and retail around the country is reporting lower sales and guiding lower for the rest of the year.

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very gentle way of saying 'company that's worthless to society'

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I use it for gifts all the time.
But would never invest in it. They are just the platform, don't have their own products.

Also, inb4



They are starting to move away from their original model of crafts and homemade gift opening the doors to major retailers which I think is a mistake.

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TSLA will be bigger than robots. Their work in batteries is going to have far reaching applications (housing and city power grids). Honestly the sky is the limit for Tesla. If he created a phone, half of X would buy it tomorrow. It's P/E is quite high though, so hard for me to tell everyone buy, buy, buy!
StarLink at some point may go public, something to keep an eye on. A far more affordable infrastructure for high speed internet (than what our current regime wants).

Brewmaster said:

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TSLA will be bigger than robots. Their work in batteries is going to have far reaching applications (housing and city power grids). Honestly the sky is the limit for Tesla. If he created a phone, half of X would buy it tomorrow. It's P/E is quite high though, so hard for me to tell everyone buy, buy, buy!
StarLink at some point may go public, something to keep an eye on. A far more affordable infrastructure for high speed internet (than what our current regime wants).

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what about SpaceX?

Fireworks tomorrow for FED day. Expecting mostly range bound today

Added 1 more SMCI.

20 @ 768.84

What's with the market lately?

hedge said:

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What's with the market lately?

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Like with any relationship, it has its' ups and downs. HTH.

BlueTaze said:

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Some relative strength with LUMN, they are one toothless AI press release away from a short squeeze. Possible fake breakdown, if $1.25 holds. Possible macro shift away from Mag 7.

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Quote:

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Chair and CEO Wendell P. Weeks said, "The outperformance was driven primarily by the strong adoption of our new optical connectivity products for generative AI, which drove record sales in the Enterprise portion of our Optical Communications business. The opportunity is only growing; in fact, in the third quarter, we reached an agreement with Lumen Technologies Inc (NYSE:LUMN) that uses our new gen-AI fiber and cable system to facilitate Lumen's build of a new network to interconnect AI-enabled data centers."

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https://www.benzinga.com/news/earnings/24/07/40041518/corning-stock-drops-after-q3-guidance-miss-ceo-highlights-new-optical-connectivity-products-for-gen

Picked up a few more KSS, SMCI (1 whole share), little more POWL, and ADM order for 60.50 hit. Also looks like my PFE, BMY, and a couple more CRWD hit.

you think I can squeeze another buck outta LUMN before dumping???

EnronAg said:

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you think I can squeeze another buck outta LUMN before dumping???

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I sold at close yesterday, so the sky is the limit.

thank you for your service

NVDA double bottom. I was stopped out this morning for tiny loss. Stick save here and $120+ can still happen.

SMCI and NVDA continue their Super G descent. I see you all picking up a few shares to DCA to lower your basis, but is anybody loading the truck down here? I'm holding a ton of cash, but this seems like falling knife territory.

Who has the IP on humanoids? Maybe my bad eye missed it on that graphic (which was very helpful by the way).

South Platte said:

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I'm holding a ton of cash, but this seems like falling knife territory.

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I call it, DCA in 2 minute increments

Brian Earl Spilner said:

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Added 1 more SMCI.

20 @ 768.84

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21, 764

MARA - broke below the wedge.

I'm about to buy calls for friday

CleanSpark CEO going on Bloomberg here in a few mins

Same! I'm still way up since my initial purchase, but am tempted to buy more INCREASING my basis. Never done that before. I don't see myself selling the shares anytime soon unless the sky falls. Anyone have any thoughts on that?

Yay, losing money again

Nvda
Powl
PLTR

All kicking my ass today.

Rotated some BRK.B into QQQM and SOXQ.

That might be a bottom, at least short term, on NVDA. Unfortunately, due to the pattern, we won't know if it was a bottom unless it's back above $137.35.

So we're in a pickle where this can either..

A. Continue lower
B. Bounce back up between $115 and $125 and then start a new move to even lower lows.
C. Form a bullish pattern pointing to potential new highs.
D. Chop for weeks up to previous high and then puke.
E. Chop around between here and $115.

Times like this, I just move on to something else. There's no clear path. If we start to see a clearly bullish pattern, I will jump in again with defined stop. If not, I just wait for clariy.