I wouldn't say you missed the boat. Made a good run today. Decent chance it dips back down to the 550 range next dip we have. Could be a decent buy there.Bob Knights Paper Hands said:Brian Earl Spilner said:So is most of your net worth in SMCI??Bob Knights Paper Hands said:
I had an almost 6% total net worth gain today. Biggest percentage day in a long time. I may go buy a whole carton of eggs on the way home.
Lol. No, I missed the SMCI boat so I'm cheering from the sidelines on that one.
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Last: 4 hrs ago by Heineken-Ashi
As long as it doesn't open up, there's a good chance it retreats into the box, and I think $553 is the likely pullback spot either tomorrow or early next week. If it opens up and grabs the first target, the lower box doesn't disappear, it just goes into hiding and the targets change a little here or there.WestTexasAg said:I wouldn't say you missed the boat. Made a good run today. Decent chance it dips back down to the 550 range next dip we have. Could be a decent buy there.Bob Knights Paper Hands said:Brian Earl Spilner said:So is most of your net worth in SMCI??Bob Knights Paper Hands said:
I had an almost 6% total net worth gain today. Biggest percentage day in a long time. I may go buy a whole carton of eggs on the way home.
Lol. No, I missed the SMCI boat so I'm cheering from the sidelines on that one.
Will be interesting to watch. I'm favoring a market pullback tomorrow. But I could totally see a scenario where it opens up strong and then pukes. I'll be mostly sidelines tomorrow on swings trades unless we get some really strong retracements of this week's action. I'd like to see SMCI $550 range, AMD $140 range, NVDA $115 range, TSLA low $200's, and IWM $208. I might buy them all tomorrow if that happens, looking for 1-2 week 10%-20% gains in each and 5% move in IWM.
"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)
- I Bleed Maroon (distracted easily by signatures)
Still aren't buying Tom Lee's 40% to 50% gains on IWM from a few months back I take it
I think his time line was end of year
I'm trying to determine when to exit
I think his time line was end of year
I'm trying to determine when to exit
My gut feeling is that the last boom a month ago was the last hoorah for small caps. But you might yet get one more pop.jamey said:
Still aren't buying Tom Lee's 40% to 50% gains on IWM from a few months back I take it
I think his time line was end of year
I'm trying to determine when to exit
In 2007, after the fed funds rate had been raised to over 5% and held there for a year, the FED was forced to cut on September 18th. Russell 2000 got a huge pop that day and ultimately ran up 10% through October 11th, but didn't overtake the previous high. It was all downhill from there.
"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)
- I Bleed Maroon (distracted easily by signatures)
Ideally we'd get SPY around 555 and IWM 215 for some put hedges.
Next targets for me are TNA $42 and SMCI $650.
I think Heini mentioned HMY last week or a couple weeks ago and it has had a good little run. Any feelings on if that has more room to run?
RKLB up big the past two days.
Tons of flow this morning, then they squeezed it!Imsodopey said:
RKLB up big the past two days.
oh, no it was awrollinsawrollins said:
Relatively new to trading, any thoughts on RKLB and ASTS?
I think the disparity between the two is really interesting, especially considering that RKLB had 100x the Q2 revenue.
Love to hear what y'all with more experience have to think about both
It was accumulation under $10. And there's a chance.. you get one more chance.Joseph Freshwater, Sr said:
I think Heini mentioned HMY last week or a couple weeks ago and it has had a good little run. Any feelings on if that has more room to run?
I'm not sure I trust this current move though.. looks corrective. I wouldn't be surprised to see one more move down to the $8 range. I need $11-$12 and then hold $10 on any pullback to erase the potential for $8. If it stays bullish, you can still get in, but your returns will be a little more limited, especially if its above $12. But you will still likely hit at least a double. I have no stop on this stock. That means that you should do your own due diligence and perform your own risk management. It does not mean that I'm guaranteeing it wont fall. Please understand that. This is one of the only sectors I am buy and HODL.
"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)
- I Bleed Maroon (distracted easily by signatures)
SMCI stair stepping lower lows on the min.
Got re-entry buys for SMCI set at $580 and $545.
Seeing potential for AMAT $220-$225 next week. Confirmation doesn't come though until above yesterday's high and then holding above the earnings low on a retrace, so there's some money to be made, the risk is too much for me here. Keeping my eye out though.
"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)
- I Bleed Maroon (distracted easily by signatures)
Getting some nice trims in on SLV
Summarizing but he starts at 3:40
Tom Lee says
Bottoms are tough, but small caps in a multi-year bottom
Cutting rates when small caps trade at 10x forward PE, better earnings growth and a visible path to easing, risk reward is still in small caps
Bands are getting pretty tight on Dell - do we think it might pop up today? Or just see it keep consolidating into next week?
You on a 15 minute timeframe or something around that?
15 & 30 - got in for a day trade around 110 and trying to decide where to set stops/limits.
I will sell 70% of my Aug 24 $26 calls if it hits $26.45 today, and 30% of my Sep 6 $25 calls. Will book profits and rise the rest looking for $27.50-$28 next week to sell next tranche, if not all the rest.E said:
Getting some nice trims in on SLV
"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)
- I Bleed Maroon (distracted easily by signatures)
Tom Lee is a permabull who claimed two Friday's ago that the drop in tech stocks was because of the hurricane in Houston and then had to backtrack and admit he didn't factor in the JPY carry trade. In other words, he's like every other analyst that looks backward only and tries to fit market happenings to news events and things that justify his prior macro calls and market bias.jamey said:
Summarizing but he starts at 3:40
Tom Lee says
Bottoms are tough, but small caps in a multi-year bottom
Cutting rates when small caps trade at 10x forward PE, better earnings growth and a visible path to easy, risk reward is still in small caps
I'm not saying he's wrong. I'm saying to be careful putting any stock in people like him. He's called for SPX $15k by 2030 which would require it to stay on its Oct 2023-July 2024 LOGARITHMIC trajectory until 2030. The chances of that happening are slim. And he has to protect his lofty outlook or else admit that he's no better than anyone else.
"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)
- I Bleed Maroon (distracted easily by signatures)
Set a stop loss for 110.30 on that move up, walked away and it was filled for 110.23 - so whatever happened when I was gone must've happened quick!
Heineken-Ashi said:I will sell 70% of my Aug 24 $26 calls if it hits $26.45 today, and 30% of my Sep 6 $25 calls. Will book profits and rise the rest looking for $27.50-$28 next week to sell next tranche, if not all the rest.E said:
Getting some nice trims in on SLV
I trimmed at 26.30 today and leaving the last ones to run next week. This was a solid play thanks to you.
I get protecting his outlook but of he's wrong enough he won't be the guy going on shows anymore.
Anyone know of a setting on TOS so that the daily charts don't shift right throughout the day? For instance, having the chart stay at 9:30 AM as the start time.
If I understand right, Turn off extended hours and then start aggregations at market open.
Jim Cramer says hi.jamey said:
I get protecting his outlook but of he's wrong enough he won't be the guy going on shows anymore.
Jim Cramer says hellojamey said:
I get protecting his outlook but of he's wrong enough he won't be the guy going on shows anymore.
You beat me to itkhkman22 said:Jim Cramer says hi.jamey said:
I get protecting his outlook but of he's wrong enough he won't be the guy going on shows anymore.
You would think. Except most of the people who do the rounds have been wrong the majority of the time when they make hard calls.jamey said:
I get protecting his outlook but of he's wrong enough he won't be the guy going on shows anymore.
Less than 10% of analysts predicted SPX would get this high this year, and it happened in half a year. These people have to make calls given their position. But they all mostly follow the same flawed fundamental and "efficient market" thinking and are never prepared for anything that isn't in the main range of the bell curve. And almost none of them are ever positioned appropriately for recessions, as the warning signs for market selloffs dont show up in earnings, fundamentals, or a standard outlook.
And to be fair. I didn't see SPX getting this high this year. I've been warning about a major market top for a long time. But I've also said that timing a top and the level it hits can be impossible, especially when the top is of a 100 year cycle. Markets and sentiment dont give up easy. It's also why I've said not to aggressively short until support clearly breaks. The setup will be there when it does. I've said to maintain strict risk management as we are in the territory where anything can happen. We got super close to the market breaking support last week. And we're not out of the woods yet. So I'm day to day swing trading with risk management, but not exposed to a huge swing down. And I'm not worried about missing a huge swing up, because I will be trading it through various instruments on shorter term setups if it happens.
"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)
- I Bleed Maroon (distracted easily by signatures)
Anyone looked at our old friend DNN lately? Used to be a great swing trade but blew up for a while, seems to be coming back down to earth so I may jump in if it gets to $1.40 range
$33.30 was my next extension target on PLTR. Will look for how the action plays out off of that. Above that and it's $38. You can now use the daily upper Keltner band as support which currently sits at $30.45, Break that, and its a trip down to at least the mid line at $26.25 and lower line being $22.
"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)
- I Bleed Maroon (distracted easily by signatures)
I'm slightly bearish on uranium short to mid term. Miners face tons of headwinds. Haven't looked at a chart though. Will try this weekend.gougler08 said:
Anyone looked at our old friend DNN lately? Used to be a great swing trade but blew up for a while, seems to be coming back down to earth so I may jump in if it gets to $1.40 range
"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)
- I Bleed Maroon (distracted easily by signatures)
Buying ALB. Trailing stop $7.50 below entry. Long term position but will keep a trialing stop on it and adjust it as action develops.
"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)
- I Bleed Maroon (distracted easily by signatures)
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