I bleed maroon said:

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Heineken-Ashi said:

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Potential breakout on ALB today. Not 100% confirmed. But something to keep an eye on.

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From your lips to God's ears - hope you're right. My Oct $110 calls are still down 11% after a nice bump today, but the Dec $110s are up 197% now. I'm planning on holding those through the election, unless there's a quick runup in the next few days.

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$105 area should be first resistance on a move up and $107 would break the downtrend. A true bullish explosion could get north of $130. Due to the drop in early September retracing the majority of the initial push up, I can't get completely bullish, yet. I want to see a sustained break of $107 and then never below $100 again.

COST misses sales, no split. Barely down. Expected more of a drop with those results as its trading at p/e of 55-60

Stopped on a couple more energy positions today. Only ones left are APA (very long term hold and no stop, will only add if it breaks $20 and then again if it breaks $15), MRO (another long term hold), ET (completely net free, no reason to sell with the divy), EPD (same as ET), and NOV.

I always preach to buy into trending markets and have the wind at your back. It's not oil and energy right now. And there's plenty for it to prove if it does try to turn around. Will be chances to add.

Thoughts on OXY? I'm not entering here, but will be looking to enter around $40

El_duderino said:

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Thoughts on OXY? I'm not entering here, but will be looking to enter around $40

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Chart support doesn't come in until $37 range. So I'm just sidelines. Think this energy weakness gets worse through election. Would love to just see a selloff and form a V shaped bottom in all names after election. Could be phenomenal buying opportunity. Wouldn't be surprised though if weakness goes into next year.

Agreed. I'm not taking a position until it's below $40 and then likely long term hold.

ALB got juuuust under $100 resistance. Need it through there without passing below $94.50 again.

PCE coming in better than expectations...we rippin' into Q3 close today and Monday...SPX 5,800

LUV - Put a stop just below the recent low in $28 range. Once this breaks above $35 with good volume, move that stop to that level. Looking for $40-$45

TNA bouncing

SAVA needs to hold $26. If so, resistance is $32, then $38, then $42. Through that, and its going for one more high in the low $50's. Below $26 and it likely revisits $20 or maybe slightly lower.

Any opinions on when to exit XPEV? Been an incredible run up since Heineken noticed the volume in it a couple weeks ago.

Heineken-Ashi said:

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SAVA needs to hold $26. If so, resistance is $32, then $38, then $42. Through that, and its going for one more high in the low $50's. Below $26 and it likely revisits $20 or maybe slightly lower.

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This one really seems to be trading with the news. SEC filing came back yesterday on their P2 (28 days) data. Hard to really sort through what is legit news and what isn't, in addition to knowing if the P2 issue was kinda already baked into the price.

Need $573 to hold on SPY

Not a bad start for SMCI today.

Number Monkey said:

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Any opinions on when to exit XPEV? Been an incredible run up since Heineken noticed the volume in it a couple weeks ago.

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With the breakout over resistance, you can put a stop at $10.50. $13 was my minimum target. Could go as high as $19. I would measure the distance between current price and $10.50 and set a trailing stop for that amount. Once above $13, assuming it doesn't just barely inch over that level, adjust your trail stop to the distance between the new high and $13. Or if you just want to take profits at $13, go for it.

Thanks, Hein. Appreciate all your wisdom!

Cru said:

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Heineken-Ashi said:

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SAVA needs to hold $26. If so, resistance is $32, then $38, then $42. Through that, and its going for one more high in the low $50's. Below $26 and it likely revisits $20 or maybe slightly lower.

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This one really seems to be trading with the news. SEC filing came back yesterday on their P2 (28 days) data. Hard to really sort through what is legit news and what isn't, in addition to knowing if the P2 issue was kinda already baked into the price.

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Bios and pharmas tend to do that until they get to the point of having multiple successful products that take them profitable. It's pure social sentiment and without any underlying fundamentals to go off, investors move in and out based on what is driving the sentiment and any whisp of potential future profitability or future crash and burn. That's why they are some of the toughest to trade. Extremely high risk, extremely high reward.

Any thoughts on $MBLY?

Geez RKLB is crushing. Moon it!

Cru said:

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Any thoughts on $MBLY?

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Falling knife. Might have bottomed. Might be dead cat bounce. I'd play for the $20 gap fill. I wouldn't want to see it under $14 again.

DDD - Above $3 and you can move stop up to $2.80 range. Don't let green go red.

putting in a limit order for MYRG at 101.59 targeting 125 (model T of big earnings drop in July), stop at 96.59.

putting this in as an OCO order to set and forget

Panic sold 20 SMCI at $411 in that flash dip there. Almost sold everything but glad I didn't.

Still a solid 8% profit on those shares.

Placed buys below at 400 and 390. Not overly concerned about them executing.

Heineken-Ashi said:

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Number Monkey said:

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Any opinions on when to exit XPEV? Been an incredible run up since Heineken noticed the volume in it a couple weeks ago.

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With the breakout over resistance, you can put a stop at $10.50. $13 was my minimum target. Could go as high as $19. I would measure the distance between current price and $10.50 and set a trailing stop for that amount. Once above $13, assuming it doesn't just barely inch over that level, adjust your trail stop to the distance between the new high and $13. Or if you just want to take profits at $13, go for it.

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This is just excellent, excellent practical trading advice (not necessarily for this stock, but in general). All intermediate traders should note it and try out this tactic. Another H-A post that could be stickied to the top of a proper trading thread.

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.

selling $17 Oct puts on UNFI and buying shares. I like the look of the weekly thinking the bottom is finally in on it

GreasenUSA said:

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I bleed maroon said:

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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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Haven't seen a signature in decades.

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Well, you learn something every day! Turns out you CAN teach an old dog new tricks. Thanks, amigo!

Assuming the overall market keeps hanging around its ATH range and doesn't tank, with this price action on POWL and looking at the weekly chart I'm almost thinking we get one last push for an ATH to trap buyers before the selloff.

Not anything I intend to make a play on, just an observation. Holding some 10/18155 puts in case they obliterate this thing. Small % play from my call profits so high risk/high reward play hoping to double dip.

Here. Fixed it for you.

SESMF

Very little news?

Curious

SMCI - Seems to be some strong resistance around 420-422.

Heineken-Ashi said:

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"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)

Better?

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Not anymore! Turned those suckers off! (I had to turn it on to see what you said.).