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I’ve preached many times here, profit taking is equally important as entries. Neither has to be an all or nothing event. I would scale some profit off when you hit a target, but leave some skin in the game if it wants to run. If it pulls back, at least you took some profits and can simply add...

Live feed of the next CPI data being worked on:

Fed coming in to shit on the markets: FED'S KASHKARI: IT'S A QUESTION OF WHY CUT RATES IF THE ECONOMY REMAINS STRONG. 14:05(US) Fed's Goolsbee (non-voter for 2024): Inflation has been moving sideways and if it continues to do so it makes me wonder if we should cut rates at all this year Big...

The shares are in the shutter not only because of what Tuco said, but they diluted the fuck out of the shares with offering after offering and taking on mountains of debt.

That's exactly what this thread is for and it's far better to run those by some of us experienced like Blazin, Sanrith, and myself to take a look at and at the very least point out any glaring flaws eg: value traps, etc.

Fun times in crypto land.

Only 30%? Actual photo from my phone:

NVDA weekly RSI of 91. What could possibly go wrong?

@Ossoi

@Blazin Been saying this for some time in my trade circles. The only way out of the debt problem is to inflate it away. Makes sense on a government level, corporate level, as well as personal level. It just absolutely fucks anyone sitting in cash. I wish I had thrown more into hard assets like...

Glad to hear it man. You had some precarious timing for retirement. Stay the course amigo!

Not sure what kind of shape you are in, but my dad and I reshingled our own roof in a few days. Just get a good weather window and bang it out. It's not rocket science. That crew probably has a collective IQ of 90.

Meanwhile under the hood in reality land: "Hardship withdrawals from 401k retirement accounts hit a fresh record. Up 30% on the year and tripling the pre-pandemic rate. 1 in 7 Americans now has a loan against their 401k. Nearly half borrowed to avoid foreclosure. With medical bills coming in #2"

DXY dropping causes all commodities to price higher and is a huge driver of inflation. Dovish Powell with the outlook of rate cuts on the horizon is all downward DXY pressure. Not to mention the recent spike in crude prices/ XLE, which will drive costs up across the board for most equities.

My take is, buckle up for inflation round 2.

Newswire following the NVDA presentation:

You’ve also got the added pressure on the consumer who are being squeezed by debt and inflation. With borrowing costs increased, you don’t have consumers lining up with cheap Covid bucks to purchase new vehicles. Another major factor is the realization of extreme depreciation in the EV market...

Yea, no idea how west coast traders cope. Ideally want to be on EST. Upside trading here in the UK is markets open at 2:30pm. Downside is it closes at 9pm. Makes for long evenings and tough to turn your brain off immediately after to wind down.

-24% on SNOW after earnings.

A news headline yesterday tipped the cards as to who has been buying AI hardware behind the scenes. (Which should also be of no surprise whatsoever) https://www.thenationalnews.com/world/us-news/2024/02/26/us-ai-syria-yemen/

The PANW Pelosi squeeze continues. Up over 7% yesterday and up nearly 6% premarket as of writing.

https://www.ft.com/content/4114454c-a924-4929-85f4-5360b2b871c6 Nothing to see here. New ATHs here we come! ... followed by: https://www.reuters.com/markets/us/jpmorgan-ceo-dimon-sells-about-150-mln-his-shares-sec-filing-says-2024-02-22/ Some more macro color: I am still not fully cash...

A good free trader to follow on Twitter is @TheOneLanceB (Lance Breitstein) Consecutive 8 figure ex-prop trader. Basically retired himself following the covid market. He has some great insights. Here is a 3 part series of a trader interview with him. It's a great listen where he talks about...

It is extremely focused on technical levels. Even if you are a novice trader it should help to identify better levels to buy into and avoid things like trigger traps, etc. You should only really be trading when the EV (Expected Value) is massively in your favor. Trading every single day is just...

SMCI: Super Micro Computer Prices $1.5 Billion Offering of Convertible Notes Due 2029

If any of you degenerate day trading gamblers want to actually get serious about the long term game of active trading, there is an open house for all of next week in a private trade group I am a part of. Standard membership cost is pretty high, but a free week that you can take a peek and I can...

$NVDA RESULTS: Q4 Revenue $22.10B vs. $6.05B y/y, EST $20.41B Data center revenue $18.4B vs. $3.62B y/y, EST $17.21B Gaming revenue $2.9B, +58% y/y, EST $2.72B Professional Visualization revenue $463M vs. $226M y/y, EST $435.5M Automotive revenue $281M, -4.4% y/y, EST $272.1M ADJ gross margin...

Not sure if you are joking or not, but Tom Lee is the most bullish of all perma-bulls. He is known for calling new bull runs every time he is on television, including January of 2022. The guy is nothing but market positive, no matter the macro situation. Nuclear WW3 could break out and the guy...

I’ve been quiet, as I’ve been taking a much needed break with the family.

SMCI going straight into extreme multi timeframe overbought territory. The reversion trade is getting juicier by the day. These are the EV trades that can make a traders month(s), but timing is critical.

Remember this chart? Friendly reminder that stonks can get far more irrational than you ever can imagine. Today:

Everyone’s content when their 401k is ripping.

SMCI relentless

You're citing analyst upgrades as some kind of tea leaves for an earnings beat? Analysts are absolutely worthless. You're far smarter than that.

It's not the quarter's miss, its the rapidly shrinking margins. Higher wages and them lowering pricing on vehicles is going to take a toll.

The only thing I can say in the UK (notably not EU anymore), every single piece of fresh fruit and vegetables have the city and country of origin on the packaging. Sometimes as much info as the specific farm. I am all for this transparency as it helps make better informed decisions. Saw a...

Shouldn't be any surprise in the margins. They have been pressured by raising wages while simultaneously lowering prices of their vehicles to capture market share. Would have been some accounting magic if they had beat margins.