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WMT - splits 3-1 on Monday

SMCI - Those $900 puts

SMCI odte lottos 10 to 100

Posted by elementsix on 16th of Feb 2024 at 10:22 am

SMCI - Those $900 puts were under $1 this morning. Ripped to $40 in under 20 mins when she blew. And were even nice enough to give you a few minutes to exit. 

ARM - Understood, thanks Matt

NVDA - It certainly does... Gamma Squeeze. Keep in mind that someone is on the other side of all those $1,380 March calls... market makers. And they need to be hedged. As you note, the difference here is that the Apes probably aren't the ones messing with NVDA... it's the big boys.

NVDA- I keep thinking there is no way we continue this upward march. And then I look at the monthly chart.

The last two bull markets for NVDA lasted 38 and 30 months... with virtually no monthly pullbacks. We're at month 17... and put in a nice 2 month pullback.

ARM - Missed yesterday but got some at the open... I avoid shorting stocks making new all time highs like this. Especially those with a relatively small float.

Maybe Ford is going to introduce cars powered by uranium... 

URA - Few comments on

Nice pop on URA.

Posted by elementsix on 12th of Jan 2024 at 10:29 am

URA - Few comments on Dividend Stocks...

1. Be careful on stocks with Dividends. Different charts handle the ex-div and date payable in different manners. In the case of URA, the STS tables show a   gap down in price on the ex-div date (12/28) but other charting will resolve that when the dividend pays out (stockcharts). When you are ex-div, simply add in the dividend amount to calculate the actual dollar value. You can see on stockcharts that URA had an Ex-div high of $28.55, and the low never fell below the previous low of $26.61. We basically never fell out of tht uptrend channel, just touched the bottom (where I bought more because i felt the Div confuse a lot of people, affecting price).

2. I use a higher low stop method similar to what Matt and Steve suggest to protect profits. However, on larger swings or trades i am more confident in, I will set an alert for the recent higher low but   set my stop at the second higher low to allow for more wiggle room. That totally depends upon my trade plan though.

URA - Agreed! Weekly breakout to

Nice pop on URA.

Posted by elementsix on 12th of Jan 2024 at 09:42 am

URA - Agreed!

Weekly breakout to new highs.

MSTR - off 170pts...  that's a haircut!

I though Elon fired all the Sys Admins... and his sarcastic AI is now handling that.

URA - nice to get

Posted by elementsix on 9th of Jan 2024 at 08:04 am

URA - nice to get that dividend

!PMOBUYALLwent to sell yesterday

Posted by elementsix on 4th of Jan 2024 at 03:41 pm

!PMOBUYALLwent to sell yesterday

ARM - Like to see

ARM Updated

Posted by elementsix on 2nd of Jan 2024 at 11:20 am

ARM - Like to see this backtest the Sept IPO highs... near the 20MA

URA - went Ex-Div...

URA- getting hammered. Anyone see news?

Posted by elementsix on 28th of Dec 2023 at 09:39 am

URA- getting hammered.

Anyone see news? Looks like a few of the uranium stocks are down but not many. 

All about VWAP

SPX 5 min

Posted by elementsix on 21st of Dec 2023 at 02:20 pm

All about VWAP

ARM- Been a nice runner. Hit ATH

Posted by elementsix on 19th of Dec 2023 at 03:43 pm

ARM- Been a nice runner.

Hit ATH and consolidating in a sideways wedge.

It's Different This Time...

Feels like we need to push a bit further into "it's different this time" before the big rug-pull. Probably don't have everyone's money quite yet.

Trail up those stops!

When was the last time

Posted by elementsix on 15th of Dec 2023 at 04:30 pm

When was the last time retail investors were positioned well, ahead of a market move? (maybe... never?) 

https://www.cnbc.com/2023/12/15/costco-sold-more-than-100-million-in-gold-bars-last-quarter.html

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