Talon2DSO said:

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Heineken-Ashi said:

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PLTR is now +11 ATR on daily. The only other times it came close to this is Aug 2023 and early 2024. Both times it corrected around $7. $55, should it get there, is about as high as I see it going. But I've been wrong a bunch on underestimating strength in this this one, so do your own DD.

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Pltr is going to be a long long hold for me. If it drops below $30, I'll buy more. But I won't sell this one.

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Smart man.

For what it's worth...

BlueTaze said:

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Interesting to hear the talking heads on CNBC connecting the election to SPX. Just heard someone say we all know the market will rally after the election, regardless of the outcome.

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agree...have heard that theme across the board...makes me wanna go contrarian...seems to be setting up for a bigger pullback and using what appears to be a contested election as the negative catalyst...if this stupid thing lingers for a week like MSM is suggesting, I just cannot fathom anything other than a sizable pullback...

Isnt there the same for Kamala? I could have sworn I saw both pics posted back to back with both Trump and Kamala

Pure gamble - bought a small tranche of SMCI Nov $27.5's. Setup is there for a bounce to $37

VXX - It's either going to hold and reverse, or the bull is going to steamroll through support

SMCI after hours?

Heineken-Ashi said:

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Pure gamble - bought a small tranche of SMCI Nov $27.5's. Setup is there for a bounce to $37

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Heineken-Ashi said:

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techno-ag said:

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Perhaps a buying opportunity for those not currently in it.

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Why? Unless you are very short term with your approach, you would be attempting to catch a knife.

I don't get what's so hard to understand here. This board needs to remove its obsession with stocks that are clearly done winning and have considerable headwinds ahead. I get it if you are a bagholder. But like ProgN said, don't compound a mistake with more mistakes.

To put in better terms.. Once Nussmeier threw the first pick and momentum turned, he needed to bury that play and focus on taking the easy wins to re-establish momentum. Instead, he tried to play hero ball and compounded the mistakes. And he was dead in the water.

Don't be Nussmeier. There are PLENTY of stocks out there. Focus on what is heading in the right direction and delete SMCI from your watchlists.

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Heineken-Ashi said:

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techno-ag said:

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I just like buying dips myself. Always keeping an eye out.

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Do it on good companies trending upward, not shady companies trending downward.

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Changed your mind?

Heineken-Ashi said:

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Pure gamble - bought a small tranche of SMCI Nov $27.5's. Setup is there for a bounce to $37

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Bolded. It's earnings day and I bought a couple calls. Didn't change my mind at all. Have no desire to own shares of the company. But am I willing to risk a couple hundred to make some lunch money when I see a potentially enticing very short term setup? Sure.

Took a 1/17/25 150c for AMD. Held a higher low from the previous drop, sitting at the VAL, and minimum 165 target gives me a 2:1 r/r.

E said:

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Isnt there the same for Kamala? I could have sworn I saw both pics posted back to back with both Trump and Kamala

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I think so but that's the only pic I saw. I think PLTR had heavy donors for both campaigns

Brian Earl Spilner said:

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$47 TNA target looking very hittable this week.

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Still moving after hours

BlueTaze said:

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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

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CEO making another AI pump on their Q3 earnings, just out now. Might squeeze to next resistance near $10.

Activist short seller, and other shorts might be caught offsides.

SMCI tank

All over the place right now. Got some $8 covered calls for Friday I was hoping to roll before it tanked.

We will see what tomorrow brings!

I will take the collapse unless the election results are totally up in the air still on Thursday. Best case for VIX is split control of the government because it means at least 2 years of nothing happening and likely 4.

SMCI is making me think of GME during that historic run up and down, just slower on both moves. I wonder if it does the second run up that GME did. Charts looks similar. I get one was a pump and dump by the masses, but still.

BREAKING: Nvidia $NVDA asks for legal immunity from securities fraud prosecution from the U.S. Supreme Court https://t.co/PRf7ewDNZK pic.twitter.com/KUlABhqZcm

— Financelot (@FinanceLancelot) November 4, 2024

Meta is in the process as well. I think it's to shield against the ambulance chaser lawsuits if I'm not mistaken and requirements needed for the class action suits to survive past dismissal. I'm not any type of law person, just conveying what I've read.

SMCI needs to **** or get off the pot and clean house of all members of the Laing family that works at SMCI or is doing business with SMCI before the company is completely pass the point of saving.

Futures rocket

$30,000 Millionaire said:

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Hi.

TSLA -> 300
SMCI -> 0

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putting $ into that should turn 30K to a mil easy

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looking back will BTC turn out to be the most accurate live indicator of election odds

Election night historically whipsaws. But bond yields up bigly while RTY is also rocketing. BTC threatening all time highs. This could trigger a bull through January.

So about those SLV calls…

Brewmaster said:

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Brian Earl Spilner said:

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Been looking for another ETF to diversify my long-term portfolio a bit.


Thoughts or other recommendations?

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Quote:

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I would also say bitcoin, anything with skins in that game whether it be the bitcoin ETF or MARA, CLSK etc. I think Bitcoin will go well beyond 200k under DJT. FUBO I think will benefit as well, but after some legacy media shake down.

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Anyone listen to my rambling and throw some at a bitcoin name? up 10% AH!

thoughts on BA brother?
new CEO, Trumpster in office, looks like it could really rebound.

I'm excited to see the miners in the morning. Could finally see some legitimate strength.

I haven't looked at it in a while. I'll check once I get off my ass. Just put the kid to bed and poured a glass of Blue Spot.

Brewmaster said:

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thoughts on BA brother?
new CEO, Trumpster in office, looks like it could really rebound.

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Long term - no waves. Just looking at support and resistance.



The reason why I removed the wave counts is because I legitmately can't decide if it's topped long term or has one more big bull push left. So because I have zero clarity, and because everything since 2020 has been nothing but chop chop (which is not bullish by default), all I can say is that if that channel breaks, look out below. And if that green line breaks, you stay bull and use that line as support.

Wish I could offer more. There's a reason why I've avoided since getting stopped.