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Sanrith Descartes

Sanrith Descartes

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<Aristocrat╭ರ_•́>
44,495
120,676
So NVDA bottomed around 4:30am at $265. The 50 DMA of $278 is breeched. It had a parabolic run in Nov so the shorter DMAs are a little crazy. the 100 DMA is still the ideal entry point ($245). There is nothing but air between current price and $245. Below $245 is air down to $207 but NVDA hasnt breeched the 100DMA in 9 months when all the averages were wound tight together. But NVDA has extremely high resilience to downward moves. We are not going to see a 12% drop today to $245. Its currently in a place if you are looking for entries you need to make decisions. It isn't "bad" now. Its just "better" down around $250. The question becomes does it make it to $250 this week? If you are looking to enter and hold for 20 years, $10 in stock price is insignificant. You could take a half position here and add on more weakness. Or just take a full position and expect it to dip on your for a bit before moving back upwards. Alternatively, Coronachan can kill everyone on the planet and the price you pay ends up being meaningless :trollface:

1640008351167.png
 
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Sanrith Descartes

Sanrith Descartes

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<Aristocrat╭ರ_•́>
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Significant. First time in a long time I have seen more calls than puts.

PS. That BABA put is not a typo. Someone dropped over 500k on $10 strike BABA puts.

1640008577467.png
 
Sanrith Descartes

Sanrith Descartes

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<Aristocrat╭ರ_•́>
44,495
120,676
CRM breached the 200 DMA and has intermediate support at $243. It should bounce there. If it breaches then nothing but air down to $210. Im adding at the support level if it hits it today. Low in the pre-market is $248.


1640009685113.png
 
Shonuff

Shonuff

Mr. Poopybutthole
5,538
791
Fogel said:
Right now just watching NKE/RIVN for my puts. Might buy puts on TSLA is it gets near 900
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Why wait as it gets lower? The lower it gets, the more upward pressure. I've been shorting it all month, but eventually the shorters end up being jet fuel for the takeoff, as they cover. We have to cover at some time. The time to be shorting was at 1150, its getting to the point right now that we are being greedy.

I'm now white knighting the company, I think its massively overvalued, but I think this is how the market reacts.
 
Sanrith Descartes

Sanrith Descartes

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<Aristocrat╭ರ_•́>
44,495
120,676
JPM Same story as CRM. Intermediate support at $153 and then very little support down to the $120s. I'll add at the support level today. Low in the pre-market was $153 where it counced off that support.

1640010046475.png
 
Shonuff

Shonuff

Mr. Poopybutthole
5,538
791
Sanrith Descartes said:
So NVDA bottomed around 4:30am at $265. The 50 DMA of $278 is breeched. It had a parabolic run in Nov so the shorter DMAs are a little crazy. the 100 DMA is still the ideal entry point ($245). There is nothing but air between current price and $245. Below $245 is air down to $207 but NVDA hasnt breeched the 100DMA in 9 months when all the averages were wound tight together. But NVDA has extremely high resilience to downward moves. We are not going to see a 12% drop today to $245. Its currently in a place if you are looking for entries you need to make decisions. It isn't "bad" now. Its just "better" down around $250. The question becomes does it make it to $250 this week? If you are looking to enter and hold for 20 years, $10 in stock price is insignificant. You could take a half position here and add on more weakness. Or just take a full position and expect it to dip on your for a bit before moving back upwards. Alternatively, Coronachan can kill everyone on the planet and the price you pay ends up being meaningless :trollface:

View attachment 388906
Click to expand...
tempting. I only own 4 shares right now.
 
Fogel

Fogel

Mr. Poopybutthole
13,132
51,965
Shonuff said:
Why wait as it gets lower? The lower it gets, the more upward pressure. I've been shorting it all month, but eventually the shorters end up being jet fuel for the takeoff, as they cover. We have to cover at some time. The time to be shorting was at 1150, its getting to the point right now that we are being greedy.

I'm now white knighting the company, I think its massively overvalued, but I think this is how the market reacts.
Click to expand...
Because there's very little support between 800 and 900
 
Fogel

Fogel

Mr. Poopybutthole
13,132
51,965
Wingz Wingz What're you doing with your NKE puts? I'm thinking of selling half now and letting the rest ride into earnings on house money
 
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Wingz

Wingz

Being Poor Sucks.
13,046
40,320
Fogel said:
Wingz Wingz What're you doing with your NKE puts? I'm thinking of selling half now and letting the rest ride into earnings on house money
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Sounds reasonable. I just started looking at it and it just keeps going lower heh. I had 5. Sold 3 and am gonna hold on 2 until later today or tomorrow.
 
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Fogel

Fogel

Mr. Poopybutthole
13,132
51,965
Wingz said:
Sounds reasonable. I just started looking at it and it just keeps going lower heh. I had 5. Sold 3 and am gonna hold on 2 until later today or tomorrow.
Click to expand...
Tell me about it, I originally bought it hoping earnings would gap it down to 150-155, and its almost already there before earnings
 
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