You're not wrong here. I have one last play and then I'm going to take a breather. I'm not doing any day trading or anything that will impact my mental or emotional state so that I can be clear headed with the day to day swings.M4 Benelli said:Quote:
Pain is the best education. I've previously said that I blew up my accoun
While being "emotionless" is a sound disposition, he way it was written, I sense that you're (ColAG) "numb" to the entire process. This infers that you don't have a sound strategy and are still in the coping stages of your financial loss.
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Are you looking for SMCI at $600 before the end of the week?Heineken-Ashi said:
Now fully expecting $535-$540 SMCI before next move up, which should be significant. Would need back above $600 to signal $700 is coming before going any lower.
Did today's movement trigger the next leg?
I haven't been able to chart this week like I usually do. So I can't speak to timing other than a quick glance.. which shows me later this week through late next week for $600-$615. The V recovery today gives me a lot of confidence, mainly because a new low that would reset timing and upper target would need ALOT of work. Probabilities still seem to point to $700-$765 with an outside chance at upper $800's by November.G Money said:Are you looking for SMCI at $600 before the end of the week?Heineken-Ashi said:
Now fully expecting $535-$540 SMCI before next move up, which should be significant. Would need back above $600 to signal $700 is coming before going any lower.
Did today's movement trigger the next leg?
"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)
TheVarian said:
Licking our wounds from the last few weeks
The last couple weeks have been pretty good to me
I think he was directing it towards me and it was a typo/autocorrect. M4 has always been complimentary towards you and the thread overall.
CC09LawAg said:
I think he was directing it towards me and it was a typo/autocorrect. M4 has always been complimentary towards you and the thread overall.
Apologies
Thank you, it's deleted
Couple of scenarios for POWL. I'm tracking a move that can attack the previous ATH. Ideally, it would come down this week to $170 and hold. If that's the case, the first scenario will be me. Should it not hold there and go lower, I'll be looking for the next low between low $160's and mid $160's, and I'll try for the second scenario. My ultimate stop is $158. I won't take any trade below that. And if it cant get down to under $174, the R/R isn't worth it to me with my upper stop being $163 to engage.
If it plays out, I do not care how high it goes. My target is ATH. I will set it and forget about it as I don't want long exposure on much of anything outside of metals going into election season and the post first rate cut environment.
If it plays out, I do not care how high it goes. My target is ATH. I will set it and forget about it as I don't want long exposure on much of anything outside of metals going into election season and the post first rate cut environment.
"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)
What are you gurus thinking about NVDA? I got out last week after a decent (for me) clip. Everything I'm seeing and reading says a beat. I just wonder how much upside is left and the down side looks kinda scary.
TSM - 1 week left for my highest target $182 to hit. I never got an entry as I got cute and missed it. But if anyone did, congrats. Below $163 and chances turn very slim for it to happen by next week, if it all.
"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've got a bunch of lower targets with timing through early next week. One of them is for $106 by end of day tomorrow which is fascinating given tomorrow is earnings. But then I look at the OI and volume on options between tomorrow and September, and its HEAVY to the upside. I'm not playing it. Nothing clearly telling me to look to one side.Twisted Helix said:
What are you gurus thinking about NVDA? I got out last week after a decent (for me) clip. Everything I'm seeing and reading says a beat. I just wonder how much upside is left and the down side looks kinda scary.
"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)
What just spooked BTC?
Fightin2010
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ProgN said:
Hi my brutha, yea that wasn't towards you. That was to the other clubhouse mate. I was legit typing while walking from the parking lot at work and had to shoot it out due to time constraints.
You're my fave poster, so you won't catch me talking smack.
Where are we on NVDA?
Right here
I am sorry man. I had a stressful day, but that's no excuse.M4 Benelli said:
Hi my brutha, yea that wasn't towards you. That was to the other clubhouse mate. I was legit typing while walking from the parking lot at work and had to shoot it out due to time constraints.
You're my fave poster, so you won't catch me talking smack.
ProgN said:I am sorry man. I had a stressful day, but that's no excuse.M4 Benelli said:
Hi my brutha, yea that wasn't towards you. That was to the other clubhouse mate. I was legit typing while walking from the parking lot at work and had to shoot it out due to time constraints.
You're my fave poster, so you won't catch me talking smack.
Lol I didn't see it bro. So if you ripped me a new one, no worries. I got thick skin, don't trip. Hope everything is well.
Cramer is nervous about the report tmrw....so inverse?
Bob Knights Paper Hands
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That's how I'm thinking. Also weird that during the last couple days of down market the VIX has gone down. That tells me this hasn't been folks exiting, just moving money around to try to position for a big move in either direction.
THere's definitely money moving around, playing a delicate balance game across markets.
HOW COULD JAPAN RECOVER SO FAST FROM THE WORST CRASH SINCE 1987? THANKS TO ITS GPIF "ANGEL" - JustDario
HOW COULD JAPAN RECOVER SO FAST FROM THE WORST CRASH SINCE 1987? THANKS TO ITS GPIF "ANGEL" - JustDario
"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)
Was doing a scan of S&P stocks and ran across MYRG and the big drop recently tied to a really bad earnings report. We've done some consulting work for them several years ago and they are good people.
Looking at the chart over the last several years, I'm seeing a good support level around the 80-90 level.
Curious to get any thoughts from others around what they see from either a technical or fundamental analysis. Don't currently have a position but am considering one on a least a swing trade over the next several months.
Looking at the chart over the last several years, I'm seeing a good support level around the 80-90 level.
Curious to get any thoughts from others around what they see from either a technical or fundamental analysis. Don't currently have a position but am considering one on a least a swing trade over the next several months.
A very quick Quick Look at the monthly chart shows it definitely formed support around that $80 level back in 2022.
Looks like good R/R if picked up around $80 with a stop of $74.5 and $120 target. So risk of $550 to reward of $4000 assuming 100 shares at $80 entry.
Looks like good R/R if picked up around $80 with a stop of $74.5 and $120 target. So risk of $550 to reward of $4000 assuming 100 shares at $80 entry.
Heineken-Ashi said:
Couple of scenarios for POWL. I'm tracking a move that can attack the previous ATH. Ideally, it would come down this week to $170 and hold. If that's the case, the first scenario will be me. Should it not hold there and go lower, I'll be looking for the next low between low $160's and mid $160's, and I'll try for the second scenario. My ultimate stop is $158. I won't take any trade below that. And if it cant get down to under $174, the R/R isn't worth it to me with my upper stop being $163 to engage.
If it plays out, I do not care how high it goes. My target is ATH. I will set it and forget about it as I don't want long exposure on much of anything outside of metals going into election season and the post first rate cut environment.
So you think the H&S scenario is out on technicals? I think most of us are convinced the fundamentals are solid. TBH I bailed with a small profit when macros were crashing because of my other holdings sucking B*lls. Regret that now. Im still hoping (sorry Prog) for a major dip so I can get back in. Still learning like others
No. It's a possibility until its broken. That's why I've outlined lower levels to watch for it to bounce with clearly defined risk/reward targets I'd be willing take should they act as pivot areas. H&S often fail. I've also seen them fail countless times only for the breakout that invalidated them to fail and the stock still fall. This one has H&S resistance, and then ATH resistance. And I have a lot of confluence of indicators for a double top at ATH. Will it get there? Don't know. But when my reward is significantly better than my risk as outlined in the excel screenshot, I'll take those setups every time.fauxstradamus said:Heineken-Ashi said:
Couple of scenarios for POWL. I'm tracking a move that can attack the previous ATH. Ideally, it would come down this week to $170 and hold. If that's the case, the first scenario will be me. Should it not hold there and go lower, I'll be looking for the next low between low $160's and mid $160's, and I'll try for the second scenario. My ultimate stop is $158. I won't take any trade below that. And if it cant get down to under $174, the R/R isn't worth it to me with my upper stop being $163 to engage.
If it plays out, I do not care how high it goes. My target is ATH. I will set it and forget about it as I don't want long exposure on much of anything outside of metals going into election season and the post first rate cut environment.
So you think the H&S scenario is out on technicals? I think most of us are convinced the fundamentals are solid. TBH I bailed with a small profit when macros were crashing because of my other holdings sucking B*lls. Regret that now. Im still hoping (sorry Prog) for a major dip so I can get back in. Still learning like others
"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)
Weak action off the low. I think you will see your $80. Does look like a good buy area.El_duderino said:
A very quick Quick Look at the monthly chart shows it definitely formed support around that $80 level back in 2022.
Looks like good R/R if picked up around $80 with a stop of $74.5 and $120 target. So risk of $550 to reward of $4000 assuming 100 shares at $80 entry.
"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)
Heineken-Ashi said:Weak action off the low. I think you will see your $80. Does look like a good buy area.El_duderino said:
A very quick Quick Look at the monthly chart shows it definitely formed support around that $80 level back in 2022.
Looks like good R/R if picked up around $80 with a stop of $74.5 and $120 target. So risk of $550 to reward of $4000 assuming 100 shares at $80 entry.
Thanks guys
Lots of premarket movement both directions on POWL, more than I usually see anyways.
POWL is the bull of the day on Zacks: Zacks Investment Research: Stock Research, Analysis, & Recommendations
POWL is the bull of the day on Zacks: Zacks Investment Research: Stock Research, Analysis, & Recommendations
Another instant 10% dump
What do we think about entry on SMCI below 500? Also hello everybody, first time poster, been lurking for some months on this thread, been lurking on texags for a while, but now I'm a student and I get premium free, so I made an account.
— Overheard on Wall Street (@OHWallStreet) August 28, 2024
How old are you, how much cash do you have, and what is your risk tolerance?aggieland28 said:
What do we think about entry on SMCI below 500? Also hello everybody, first time poster, been lurking for some months on this thread, been lurking on texags for a while, but now I'm a student and I get premium free, so I made an account.
GreasenUSA said:
Another instant 10% dump
Woof!
This is either a huge buying opportunity or a sign of really bad things to come.
How does this really happen? Why can't they get their act together and file timely?
I'm a freshman. Been invested (under the guidance of my father) for around 7 years. Somewhere between 10-15k and I'm more of a long term hold, rather than swing trader, so I can handle the risk for a bit. I like SMCI, so I'm ok with the risk there.
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