Prog, you are very clear that your recommendations are not for everyone and we each need to do our DD with regard to our own goals and risk tolerance. I got in SMCI about where you did (much less) and sold last week to utilize the funds elsewhere. I also got into POWL and sold out for a decent gain. Both were my decisions and I appreciate you bringing both to my attention. Thank you for all you bring to this thread.

spud1910 said:

---

Prog, you are very clear that your recommendations are not for everyone and we each need to do our DD with regard to our own goals and risk tolerance. I got in SMCI about where you did (much less) and sold last week to utilize the funds elsewhere. I also got into POWL and sold out for a decent gain. Both were my decisions and I appreciate you bringing both to my attention. Thank you for all you bring to this thread.

---

Thank you Doc. I will continue to post entries and exits of positions before I enter trades for myself. I will add some POWL prior to earnings but not go all in. I think market sells off after NVDA's earnings unless they exponentially destroy earnings estimates. They're now going against larger numbers from the previous year's quarters. If NVDA does sell off, it's taking everything with it.

Don't sweat it Prog, we all make our own decisions. I'm still way up on your other calls on TTD, WAL, POWL and some others you've mentioned. Don't stop giving your opinions here.

BTW hope all is going well in the rest of your world.

No worries man. We are all adults here. I know that every individual stock investment I make carries the risk of something unforeseen like this happening. I was poorly prepared. No stops. Watched it crash in July. Didn't take the advice that you and a lot of others have shared with people about not riding things to zero. Watched it crash again in October only to repeat the same mistake.

Basically I am a dumbass for not heeding the good advice here and hopefully this is a painful lesson I learn from. I lost quite a bit (enough to have paid cash for a pretty decent new vehicle) but was nowhere near as balls deep as you are, and I genuinely hope you riding it out pays off and that I am kicking myself later, because I think you are a good man based on what I see here.

I also made a nice gain on POWL but for some stupid reason actually listened to a common piece of advice here to cash in gains when we hit singles or doubles, but I haven't let that bother me because I now realize had I listened to all of you collectively about what to do when things take a dive, I would actually be sitting pretty nice.

All that to say, keep the faith Prog, and keep coming back because what you and others contribute has helped me learn and I appreciate you all taking the time to share insights and your own lessons learned.

You've helped me make way more than whatever loss I might end up with on a few remaining shares of SMCI. Hang in there and don't let it slow you down!

Prog - Appreciate your words on SMCI, but this name is/was being promoted lots of stock experts. Lots of people "got it wrong" and the current situation couldn't have been forecasted by anyone. I am also holding at this time to see if the dust settles.

POWL has been absolutely electric and we all owe you big for the recommendation. I'm leaning in a bit right now and will see what transpires on Tuesday (earnings).

DELL was also a great pick up thanks to you! I don't see myself selling that thing for many years.

What's your thoughts on ARM - Not worried about its recent skid? Loading up more? Selling?

I considering to add CNH and FMC based on low PEs and decent dividends. Long term holds.

We're all grown ups making decisions on our own. I made a lot of money on SMCI, then I lost a bit , but learned along the way.

Only way to lose is by quitting brother! Going to be plenty of new opportunities with this market coming up and we need you full strength and ready to go!

The past is the past. We all make mistakes as traders. Nobody is perfect. Some of the best traders I know, even with indicators that give them an incredible edge, are still wrong 30-40% of the time. The thing I always harp on is risk management. If you lost big on SMCI, then the primary flaw in your strategy was how much capital you exposed to it. I know it's tempting when things are ripping to leave cash on the sideline, but it's more devastating to lose a bunch of cash from something unforeseen. No matter your conviction, you must adhere to strict risk management. If you aren't able to identify support breaks using technicals, aren't able to get insight fundamentally that a reversal is coming, then the only way you can manage your risk is through your entry and allocation.

This is going to be an interesting week. Do we sell more, or does the dip get bought? In late 2021 and into early 2022, everyone was caught off guard when the market reversed because they were so accustomed to the dips getting bought. There was simply nothing that could stop the market. Until it stopped. Retail is always the last to know and first to be trapped. Right now, commercial hedgers (large institutions, companies, and commodity producers who use S&P to hedge their position or production, are only 12% in S&P, a small uptick over 0% last week. Large speculators (groups that are almost always with the trend until it's obvious to get out) are nearly 90% in, down from nearly 100% last week. Small speculators (mainly retail and smaller groups) are still almost 100% in. What we saw on Friday was the small guys getting trapped. The question is, does it continue down and large speculators keep moving out? Commercial hedger are really the only dip buyers, and they are mostly in commodities, currencies, and bonds. What level of S&P are they willing to hedge their trades in step in? Did we hit it Friday? We will find out.

And all of this is just speculation on general market movement. If the tide shifts in a big way, none of this matters. And we will be the last to know. Risk management is key. Better to miss out and get in late than lose.

Might be buying DNN soon. Stop would be $1.39 so not an insignificant amount of risk. But once over $2.50, it could get above $4 pretty quick.

Tsla

BREAKING: Members of President-elect Donald Trump's transition team have told advisers they plan to make a federal framework for fully self-driving vehicles one of the Transportation Department's priorities, easing U.S. rules for self-driving cars. https://t.co/fkeLdAc5Xc

— Sawyer Merritt (@SawyerMerritt) November 17, 2024

POV: walking by the cool kids table 🇺🇸 pic.twitter.com/RWkw6CufKB

— Margo Martin (@margomartin) November 17, 2024

Jumped into Soundhound at $6.37.

M4 Benelli said:

---

TxAG#2011 said:

---

harge57 said:

---

Looking to buy more UBER at these levels.

Edit. Doubled my position at 68.50

I had sold off at 78 and got back in at 72.

---

Looks like a pretty textbook double top no?

I took a Waymo a couple weeks ago and wish I never had to take uber again

---

What made the experience great outside NOT having to be in a car with a stranger? YMMV with an Uber driver, some ADD to the experience.

I see Waymo all day everyday, and typically they're empty. Just driving around aimlessly at a granny's pace.

---

I personally see UBER as a self driving car investment.

What is UBER's biggest cost? The drivers.

What does UBER have that WAYMO and TESLA do not? Customers and Ride Sharing Infrastructure https://waymo.com/blog/2024/09/waymo-and-uber-expand-partnership/


IMO Uber will be the biggest buyer of self driving cars (and I don't think they will be Teslas).

And Don't forget the delivery and freight UBER businesses. They will be substantial.

You also have to have enough density in an area to have efficient operations. A hybrid of self driving plus traditional drivers will be key for the rollout of AVs. You can't compete on wait times without enough vehicles in a geo-local.