Budget deficit swells in November, pushing fiscal 2025 shortfall 64% higher than a year ago

Move along, nothing to see here.

Brian Earl Spilner said:

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Heineken-Ashi said:

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Probably buying SOXS in the morning with hard stop at $20.80 targeting $34-$42 range, preferably the higher end.

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Hope you didn't buy?

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Not yet. Still watching.

Looks ripe, jumped in some 1/17 $130 calls

BrokeAssAggie said:

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Looks ripe, jumped in some 1/17 $130 calls

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I'm in shares. I believe it has the potential to print $120-130 before the end of the month/year. We'll see if I was right or wrong shortly.

WestTexasAg said:

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Thoughts on the future of Intel? I still own INTC and is sitting right about where I bought it, around $20. Keep it or dump it and put that money in something else?

Also still holding AMD.

https://www.bloomberg.com/news/articles/2024-12-11/nvidia-amd-and-intel-invest-in-startup-bringing-light-to-chips

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Anybody? I won't hold your suggestion against you.

With where NVDA sits right now, it's hard to invest in the other two as things sit

TSLA with an ATH of $420.69.

Good friend just took an early retirement package after 28 years. Sounds like it's a **** show in listing to him

WestTexasAg said:

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WestTexasAg said:

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Thoughts on the future of Intel? I still own INTC and is sitting right about where I bought it, around $20. Keep it or dump it and put that money in something else?

Also still holding AMD.

https://www.bloomberg.com/news/articles/2024-12-11/nvidia-amd-and-intel-invest-in-startup-bringing-light-to-chips

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Anybody? I won't hold your suggestion against you.

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$INTC is hot garbage and could go lower due to tax loss selling before the end of the month. Regardless, consider it dead money because they're not the $INTC of old.

$AMD is a good company but it's chart looks like ***** I believe it will take out it's 52 wk low. You could probably sell it here if you're down and bank the tax loss and then look to buying back in at $100 or less.

ProgN said:

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WestTexasAg said:

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WestTexasAg said:

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Thoughts on the future of Intel? I still own INTC and is sitting right about where I bought it, around $20. Keep it or dump it and put that money in something else?

Also still holding AMD.

https://www.bloomberg.com/news/articles/2024-12-11/nvidia-amd-and-intel-invest-in-startup-bringing-light-to-chips

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Anybody? I won't hold your suggestion against you.

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$INTC is hot garbage and could go lower due to tax loss selling before the end of the month. Regardless, consider it dead money because they're not the $INTC of old.

$AMD is a good company but it's chart looks like ***** I believe it will take out it's 52 wk low. You could probably sell it here if you're down and bank the tax loss and then look to buying back in at $100 or less.

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Thanks Prog!

Anyone see a SAVEQ comeback story?

TSLA $426 AH???

Will it ever pull back? Geez

You catch the RDR on AMD or DELL today?

WestTexasAg said:

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ProgN said:

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WestTexasAg said:

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WestTexasAg said:

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Thoughts on the future of Intel? I still own INTC and is sitting right about where I bought it, around $20. Keep it or dump it and put that money in something else?

Also still holding AMD.

https://www.bloomberg.com/news/articles/2024-12-11/nvidia-amd-and-intel-invest-in-startup-bringing-light-to-chips

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Anybody? I won't hold your suggestion against you.

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$INTC is hot garbage and could go lower due to tax loss selling before the end of the month. Regardless, consider it dead money because they're not the $INTC of old.

$AMD is a good company but it's chart looks like ***** I believe it will take out it's 52 wk low. You could probably sell it here if you're down and bank the tax loss and then look to buying back in at $100 or less.

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Thanks Prog!

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YW

ETA: If anyone sells it for a loss, stay out of it 30 days or you'll have a wash sale and screw yourself.

ProgN said:

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$MU bollies getting tight and other technicals are angling for a move higher.

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That 1 month chart looks like the Rocky Mountains.

ProgN said:

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techno-ag said:

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ProgN said:

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$MU bollies getting tight and other technicals are angling for a move higher.

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That 1 month chart looks like the Rocky Mountains.

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Pull up the 1 yr or 6 month chart:

1. It's basically been in a Darvis box formation for almost 3 months
2. Bollinger bands are tightening
3. RSI is about to go above 50
4. MACD is also indicating that it wants to move higher
5. Slow Stochastic has been setting higher lows and angling higher
6. If we get a Santa Rally and year end rally then it will be bought up with all the other bigs.

What do you see?

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I was noticing the Darvis. If it hits the 90s again looks like a good short term flip.

BucketofBalls99 said:

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TSLA $426 AH???

Will it ever pull back? Geez

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Is this where I cut my 50% loss on TSLZ and learn my lesson on buying leveraged ETF stocks?

El_duderino said:

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You catch the RDR on AMD or DELL today?

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You know me well I bought both today. I liked the volume in both in addition to potential RDR's (and ofcourse Redler has both on his radar).

Prog may not like AMD, but 126 is support now going back to 2023. if it does dump below 126 and stop me out, it could dump to 100, but I just don't see that with the volume we had today. Low risk, high reward here IMHO.

I'm in on LCID too (2.30's avg). Big buys at the close.

I added SMCI back today too. Tomorrow will be a good tell if it's ready though.

watching bitcoin, hope I get another entry soon on IBIT, but the bitcoin Santa Rally is real!

BucketofBalls99 said:

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TSLA $426 AH???

Will it ever pull back? Geez

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when least expected it will, lol. I think the next level I saw was literally 450. That would not suprise me, lots of shorts getting hosed up here.

LMAO

Heineken-Ashi said:

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Keep an eye on ADBE. I have $575 area as a potential top, and I would LOVE it to get there before market close tomorrow when they report earnings. I have a starter position on Jan puts, but I'm tempted to buy some weekly expiring calls.

Edit: Scratch that. Earnings volatility has already kicked in and these things are ridiculously expensive.

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Glad I didn't chase that top. But I did buy puts.

idAg09 said:

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BucketofBalls99 said:

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TSLA $426 AH???

Will it ever pull back? Geez

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Is this where I cut my 50% loss on TSLZ and learn my lesson on buying leveraged ETF stocks?

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You play inverse 2x products with very tight stops only. You don't ever buy when "looking" for reversal. You need confirmation of reversal in place so you can use the last high as the stop.

hot PPI...so tech rips +2% is the only logical conclusion...

AVGO earnings AH today. Break through that $185-$186 level and it should be off to the races.

COST is AH as well. Already reached that $1000 level I'd been looking for, so only thing that would be interesting is a split

FWIW, Motley Fool issued a positive article about MU yesterday.
https://finance.yahoo.com/news/2-artificial-intelligence-ai-stocks-101000532.html

Curious what you would do with this issue. I have 100 shares of tsla stock. Sold 250 put and got put the stock months ago. I actually had sold puts multiple weeks before I actually got put the stock…. Once I had stock I started selling CC well let's just say I had the , I believe 280 calls sold the week before the election. I've rolled up each week breaking even on my premium to get higher steikes, but now I have the 320 calls sold out a couple of week…

So my question…. Should I just let it play out and loose the stock and move one.. should I buy back the contract, 10kish, and sell a strike closer to recoup some of those funds….

I know varied opinions on this and probably more sound strategy, but I have found psychologically I do better to just let these get called out and move on to the next play. I had the same situation on PLTR. I sold puts and ended up with shares with $18 cost. I kept selling CCs and then had a $40 CC and it ran to $60 by the time it expired. I missed out on money but overall I made great money and I dont have to deal with "hoping" a certain stock will significantly drop and have funds tied up longer that I could be working with.

agree with AgPT...take your $7k gain and be patient...there are going to be some good opportunities in mid January...

Have you realized a good amount of gains this year?

You could buy the call back at a loss then sell a 1/17/2025 ITM call to defer your gains until 2025 if you want to get a tax write-off for 2024.