4/30/24 - vrockstar - obviously expensive but the EPS growth allows to make up whatever multiple. one of few co's that is probably minimally 2 yrs away from whatever nvda is putting out and has capacity to absorb something similar (e.g. groq) or partner w/ someone else. think the narrative on semis remains strong/ bid and any beat here will be a rip and stick. any...
LAZR May be pricing in a big rally preearnings - They have -900 million earned and - 1.4 something EPS currently. They began shipping orders and I assume they do accrual accounting (very good assumption I should look eh?) thus any shipments even on net 60-90 invoices will be revenue calculated against expenses and increase bottom line.
This f...king thing may go...
4/30/24 - vrockstar - don't see how they "miss" per se but it's more a valuation equation for me. think guide should be bullish bc it's easy to sell upside here. probably better to just buy amd/ nvda though as any "miss" is hard to dip buy, any beat might be distribution event with low follow thru. i'm potentially buying a dip on a bad amd/ amzn print that sucks...
The Biden administration has taken steps to reclassify marijuana use as a less serious crime. This potential policy change, if finalized, stands to be the most substantial adjustment in federal marijuana regulations in over four decades.
The U.S. Department of Justice, overseeing the Drug Enforcement Administration (DEA), has recommended reclassifying cannabis...
4/30/24 - vrockstar - tape seems to like these non-ai disruptable names w/ px'ing power, 22x fwd EPS (and growing) seems "cheap" (not really but compared to everything else). good fcf generation. good box open potential. they sell legal drugs. net +ve result here esp seeing the stock float in a bad tape means it's haven.
Double top at the .618 fib
Slightly higher high with the indicators showing bearish divergences.
The RSI is showing bearish div
The Macd showing bearish Div plus a cross down of the averages, The williams %r also turned down showing bearish divergences.
Bitcoin is in a head and shoulder pattern with a target of 5-6k. Coinbase probably headed for 20 or lower....
I know a lot of people were following the NASDAQ:HUT idea, so I thought I'd give an update here.
Most people are convinced the miners are heading higher here. I do agree, but I don't think the trade will be as easy as longing this move.
With a rejection of this level, it sets up a move down to the lower support level around $5.59-$6.33. Once that level gets...
I know everyone is bullish BTC and miners here, but the charts still don't look great even after the bounce.
I think what's most likely from here is that we sweep the lows before getting a sustained trend higher.
We're rejecting off resistance here at $12. I think this is likely to lead to a strong move to the downside. We have a ton of gaps to fill from the...
As I had pointed out in my BTC idea, I believe we are in a distribution phase. BTC will pull the rest of the market down along with it. Where there is panic, there is opportunity.
NFA.DYOR. Placed buy orders around $128. Can change, as PA develops.
The bearish momentum of Mara stock is expected to continue at least until the earnings date. On the daily chart timeframe, from the last lower high to the higher low, using Fibonacci retracement, we can see the golden zone of the pullback extends from 0.50 to 0.68, suggesting that the downtrend may continue.
A second confirmation comes from the RSI, which is...
Having Ocugen shorted has been one of my finest deals deals this year.
I was lucky enough to stay short until now.
But now I think that it's time for a correction. Not long ago there was a lot of buying phantasy among analysts and dealers. They have been disappointed.
What is the situation now? I think that the market is almost clean now. Disappointed traders...
PYPL has had a great past two weeks putting in 7-9% gain. In the past week however, that
momentum has stalled. PYPL has printed a head and shoulders pattern. The predictive algo
of Lux algo suggests a reversal here. PYPL has been resisted on the higher price action
by the second upper anchored VWAP band. The H & S pattern neckline is about 63.
The...
Currently sitting @ 3.35 with high volume. It started early in the day at around 3.00, but the actual Alpha candle came at around 3.28. Upside potential is around 4.00.
On the above 10-day chart price action has corrected 95% since the sell signal in early 2018 around 380 dollars. A number of reasons now exist to have a long position, including:
1) You know why..
2) RSI resistance breakout.
3) Multiple oscillators print positive divergence with price action. More or less all of them.
4) No stock splits.
5) Some other things,...
this pop from premarket has continued after the bell, and the next level im targeting is the POC near $1.87 according to market structure and value gap.
Amidst a challenging industrial landscape, 3M Co (NYSE: NYSE:MMM ) emerges as a beacon of resilience, surpassing profit estimates in its latest quarterly report. Despite headwinds such as slow sales and inflationary pressures, the company's strategic initiatives, including price hikes and cost-saving measures, have propelled it to success.
Strategic Adaptations...
