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Heineken-Ashi
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8:24a, 8/7/24
ALB is in a "wait for bottom and reversal" situation. There are no probability targets to the downside I can find, meaning that as long as price keeps falling, its merely trying to put in a bottom. I'm sidelines until it does, at which point, I'll have a better idea what the short, mid, and long term target zones are.
"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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Heineken-Ashi
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8:30a, 8/7/24
I still feel strongly that 5400-5500 range will be hit with the followup being 4900-5000. If anything changes I will of course update. If it can't break above this range, there's a small chance of a new low sooner. Stay alert.
"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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TxAG#2011
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In reply to CheladaAg • 8:33a, 8/7/24
It has negative operating cash flow and massive cost of capital. It's a construction / service company that seems massively overvalued.
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WestTexasAg
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8:42a, 8/7/24
AG
SMCI
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SF2004
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In reply to Heineken-Ashi • 8:43a, 8/7/24
AG
Heineken-Ashi said:
I still feel strongly that 5400-5500 range will be hit with the followup being 4900-5000. If anything changes I will of course update. If it can't break above this range, there's a small chance of a new low sooner. Stay alert.
Going all in selling naked calls.... YOLO

Seriously, I am really enjoy your posts. I still wish I could get a "portfolio" view and your watch list.
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Heineken-Ashi
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In reply to SF2004 • 8:49a, 8/7/24
SF2004 said:
Heineken-Ashi said:
I still feel strongly that 5400-5500 range will be hit with the followup being 4900-5000. If anything changes I will of course update. If it can't break above this range, there's a small chance of a new low sooner. Stay alert.
Going all in selling naked calls.... YOLO

Seriously, I am really enjoy your posts. I still wish I could get a "portfolio" view and your watch list.
There's about 30 watchlists, and despite my guidance and staying very organized and preparing each night or morning for the next day, I simply don't have the time and energy to stay as organized as I want. So it can be a bit of a mess some days.
"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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Twisted Helix
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8:54a, 8/7/24
POWL knocked earnings and guidance out of the park and it can't seem to hold the gains. This is a tuff follow.
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Heineken-Ashi
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8:56a, 8/7/24
The only lower target I have unprinted on SLV is a weekly one with plenty of weeks left to hit.. at $22-$23. I'd almost prefer it to just get it over with and reverse back up hard. All shorter term targets are up in the $26-$28 range, but that can move to $25-$29 with more of an immediate drop. I still think this is a bottoming move. Just a matter of how long and how far down.
"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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WestTexasAg
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In reply to Twisted Helix • 8:59a, 8/7/24
AG
Twisted Helix said:
POWL knocked earnings and guidance out of the park and it can't seem to hold the gains. This is a tuff follow.
Hard to know what to do on that one. Jump in now? Wait? Skip it all together?
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Heineken-Ashi
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9:00a, 8/7/24
TSLA $170-$180 is the support range through mid next week. This week, it can still try for anywhere between $210-$230.

Hard to trade with such huge discrepancies. But long term holds should hang on for 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."
- I Bleed Maroon (distracted easily by signatures)
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Heineken-Ashi
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In reply to WestTexasAg • 9:02a, 8/7/24
WestTexasAg said:
Twisted Helix said:
POWL knocked earnings and guidance out of the park and it can't seem to hold the gains. This is a tuff follow.
Hard to know what to do on that one. Jump in now? Wait? Skip it all together?
Make sure you have the 34 EMA showing on weekly candles. If POWL drops below that again, $80-$115 is where I see it having potential to go for next support.
"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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valvemonkey91
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9:07a, 8/7/24
AG
I've been watching CLSK since I learned about that stock on this forum. I know nothing about Bitcoin or digital currency, how it works, or how it is "mined". I have no exposure to it. I am trying to educate myself. In the meantime, is $12 a good entry point?
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Heineken-Ashi
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In reply to valvemonkey91 • 9:15a, 8/7/24
valvemonkey91 said:
I've been watching CLSK since I learned about that stock on this forum. I know nothing about Bitcoin or digital currency, how it works, or how it is "mined". I have no exposure to it. I am trying to educate myself. In the meantime, is $12 a good entry point?
It could get as low as $5 over the next two weeks. There's really nothing stopping it from a fall to there. But that's a scenario where you simply double or triple your position if it happens. I think this is a good range to buy, but just understand the risk below.
"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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CC09LawAg
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9:33a, 8/7/24
I feel like I am missing something with short selling - is the only difference that you will get charged fees on both your sell short/buy to cover orders vs. when you are buying/selling a stock on the way up, you only pay the fee for selling? I guess I expected it to be more complicated?

Assume I don't plan to carry any trade overnight so I don't have to worry about the margin impact. I am with Fidelity if it makes any difference.
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Heineken-Ashi
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In reply to CC09LawAg • 9:37a, 8/7/24
CC09LawAg said:
I feel like I am missing something with short selling - is the only difference that you will get charged fees on both your sell short/buy to cover orders vs. when you are buying/selling a stock on the way up, you only pay the fee for selling? I guess I expected it to be more complicated?

Assume I don't plan to carry any trade overnight so I don't have to worry about the margin impact. I am with Fidelity if it makes any difference.
Margin. When you short, you are borrowing the shares from your broker who has to buy them to allow you to sell to them. So they charge you interest and require you to maintain an account balance that could cover losses until you buy the shares back so they can sell them back.
"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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CC09LawAg
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In reply to Heineken-Ashi • 9:41a, 8/7/24
Do you accrue the interest if you don't hold the position overnight?
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Heineken-Ashi
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9:45a, 8/7/24
SMCI - lots of air below. If $495 can't hold, there's almost no support until $375.
"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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Heineken-Ashi
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In reply to CC09LawAg • 9:46a, 8/7/24
CC09LawAg said:
Do you accrue the interest if you don't hold the position overnight?
I think that will depend on your broker. Check their terms. Are you approved for margin?
"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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CC09LawAg
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In reply to Heineken-Ashi • 9:51a, 8/7/24
Yes - when I check my balance sheet all I say is "Margin Interest Accrued Daily".

I am trying to play with the margin calculator now. I just want to make sure when I am seeing the numbers for transactions and I make $500 that I'm not actually making half that because of interest showing up somewhere else.

I will look into it further.
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TxAgLaw03RW
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In reply to Heineken-Ashi • 9:52a, 8/7/24
AG
I ended up taking the loss on this one.
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Heineken-Ashi
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In reply to CC09LawAg • 9:55a, 8/7/24
CC09LawAg said:
Yes - when I check my balance sheet all I say is "Margin Interest Accrued Daily".

I am trying to play with the margin calculator now. I just want to make sure when I am seeing the numbers for transactions and I make $500 that I'm not actually making half that because of interest showing up somewhere else.

I will look into it further.
Be careful. Margin is how accounts get blown up fast. Don't make plays you can't cover. And I'd keep to where risk is 10% of your account balance and ideally much less.
"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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CC09LawAg
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In reply to Heineken-Ashi • 10:00a, 8/7/24
I already learned my lesson the hard way. I have sworn off options trading for the time being.

I am sticking to trading shares right now and setting tight stops and not carrying anything overnight. Trying to execute everything in 10-15 minute timeframes.

P.S. Thanks for taking the time to explain things to us knuckleheads. I think it may be impossible to absorb this advice until you really take a big L, but maybe there are outliers who actually listen to all this wisdom and execute on it without getting burned.
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Brewmaster
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In reply to CC09LawAg • 10:26a, 8/7/24
AG
There's nothing wrong with swinging shares and trying to catch big moves. It can yield nice results, wait til SMCI reverses hard or MARA (both volatile, big movers). My biggest wins this year are GME, MARA and SMCI on short term swings. It also fits my personality, I'm a bit too impatient at times.
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CC09LawAg
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In reply to Brewmaster • 10:27a, 8/7/24
I think this is going to be a better fit for me as well. I have made a killing on PLTR the past 2 days and it's been so much more simple and less stressful.

I feel like I can walk away from my computer for an hour and the world isn't going to end. With options I felt like I had to keep my eyes glued to the screen all day.
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Charismatic Megafauna
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In reply to CC09LawAg • 10:45a, 8/7/24
AG
Options are way less risky than short selling. If you want to short with defined risk buy puts.
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WestTexasAg
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In reply to Brewmaster • 10:56a, 8/7/24
AG
Brewmaster said:
There's nothing wrong with swinging shares and trying to catch big moves. It can yield nice results, wait til SMCI reverses hard or MARA (both volatile, big movers). My biggest wins this year are GME, MARA and SMCI on short term swings. It also fits my personality, I'm a bit too impatient at times.
So this brings up a question. How many of you are trading frequently (like this), versus holding at least a year to reach capital gains status? I'm guessing a mix of both for many, but how much does this factor in for you guys?
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CC09LawAg
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In reply to Charismatic Megafauna • 10:57a, 8/7/24
That may or may not be true, I honestly don't know enough to say for sure.

But for me, watching the 15-30 minute chart and jumping in and out and not having to worry about theta and gamma and whether to go a day or a week or a month out and whatever else is way more simple.

I'm only doing the short selling in very very small amounts just to get familiar with it - mostly focused on things that are going up.

ETA: I am talking about getting in and out with like 10 cent moves on the chart - I feel like options require more volatility to be profitable and I just haven't had success with that. My giant losses seem to tell me I should try a different approach.
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WestTexasAg
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11:01a, 8/7/24
AG
Congrats to those of you doing well with PLTR! What's the play on it if you aren't in yet? Buy now or wait? It's up again today.
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hedge
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11:09a, 8/7/24


What's he up to
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gougler08
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In reply to WestTexasAg • 11:12a, 8/7/24
AG
WestTexasAg said:
Congrats to those of you doing well with PLTR! What's the play on it if you aren't in yet? Buy now or wait? It's up again today.
I'd wait, it still has to prove it can break all time high and if it doesn't, will likely come back down
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Charismatic Megafauna
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In reply to CC09LawAg • 11:13a, 8/7/24
AG
How much time were you buying on your options? Were you matching your charting timeframe to your expiration dates? When i started buying more time and closer to the money (and itm) i stopped getting wrecked as frequently with options
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Heineken-Ashi
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11:23a, 8/7/24
Still expecting TSM to retrace back down. If we can $150, I might jump in. Options pricing will determine if an option or share play. Would prefer options, but only if reward outweighs risk.
"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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GreasenUSA
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In reply to Charismatic Megafauna • 11:25a, 8/7/24
AG
Charismatic Megafauna said:
Options are way less risky than short selling. If you want to short with defined risk buy puts.
This can be true if you are willing to let your options go to 0.

I personally find it much easier to define and control my risk by shorting with shares than I do buying puts.

ETA - Sorry I keep forgetting that this isn't a day trading thread. I'm always back to cash at the end of the day, regardless, so that probably makes it easier for me with shares.
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Heineken-Ashi
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In reply to GreasenUSA • 11:31a, 8/7/24
GreasenUSA said:
Charismatic Megafauna said:
Options are way less risky than short selling. If you want to short with defined risk buy puts.
This can be true if you are willing to let your options go to 0.

I personally find it much easier to define and control my risk by shorting with shares than I do buying puts.

ETA - Sorry I keep forgetting that this isn't a day trading thread. I'm always back to cash at the end of the day, regardless, so that probably makes it easier for me with shares.
This thread is for all trading. But for long term people, I'd highly recommend the swing and long term trading thread. Would be nice if both could get fairly active and stay at the top of the board. This thread can move fast and long term plays and guidance on them can get buried.
"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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Charismatic Megafauna
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In reply to GreasenUSA • 11:38a, 8/7/24
AG
I agree with you on day trading, and that may be what law is talking about, but he also mentioned stepping away for a couple hours, and you can't define the risk on a short during a squeeze
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