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Sanrith Descartes

Sanrith Descartes

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You truly cant believe anything a "journalist" says about the market...

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Sanrith Descartes

Sanrith Descartes

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PLTR - Currently at $24.43 pre-market. All of the Moving Averages are compressed together. It is sitting right at the only overhead resistance it has. There is a metric fuckton of calls in the next 8 days up to the $30 strike. Over 4% of the float is sold short. This "could" make a nice run over the next week or so if the overall market sentiment doesnt tank horribly.



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Sanrith Descartes

Sanrith Descartes

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For anyone interested (I know Shonuff Shonuff posted some of this a few days ago), here is Jim Cramer's charitable portfolio. Rating of 1 is buy now, rating of 2 is buy on pullback. I highlighted the columns that I focused on (the current price and the price target). Maybe this can spark some ideas for anyone looking for places to use some cash. Note 9% of his portfolio is in cash right now.


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Tmac

Tmac

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Sanrith Descartes said:
So the two big drivers are energy and food and you post lumber? Are you eating plywood for the fiber content to "get things moving"? :p
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He's probably just happy his home building project is getting cheaper by the month.

[edit] Before COVID OSB home builders were paying about $10 a sheet. Peak COVID pricing it was $60 a sheet. Now it's $13.67 a sheet. So, just about right back to normal + inflation. However, Lowe's and HD are still selling them for $27 a sheet.
 
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Shonuff

Shonuff

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So...is the materials trade over? Been in MLM and VMC for almost a year now. Bob Pisani was on talking about how the infrastructure should already be priced into these stocks. Up 48% and 45 respectively. Thinking of selling.
 
Tmac

Tmac

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Shonuff said:
So...is the materials trade over? Been in MLM and VMC for almost a year now. Bob Pisani was on talking about how the infrastructure should already be priced into these stocks. Up 48% and 45 respectively. Thinking of selling.
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Isn't only like 10% of the infrastructure bill going towards aktual infrastructure? I don't imagine that would bring a big bump to stocks that are already cooling off.
 
Mist

Mist

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Shonuff

Shonuff

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Tmac said:
Isn't only like 10% of the infrastructure bill going towards aktual infrastructure? I don't imagine that would bring a big bump to stocks that are already cooling off.
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I've been sitting on these since Biden was ahead in the polls. So its been a good run up in anticipation. But now the dollars have to actually flow to those companies. Sometimes the story is better than the reality.

Leaning towards selling.
 
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Shonuff

Shonuff

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Mist said:
How the fuck is the memory market due for a slowdown?
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Its in the link. And I always look at the Analyst rankings. He's highly rated, and he only covers the chip and semi industry. So that's his full time job. If a guy is poorly ranked, I ignore him.

Its sold off pretty hard today, and I'm just not that convicted. I own too many of these companies in that segment anyway.

 
Furry

Furry

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Fogel said:
You've been out of the loop, Mist has a 147 IQ, just FYI
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She lost an IQ point sometime a year ago and is down to 146. I was very upset that I had to change my meme.
 
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