@adoo do you see FLGT "respecting" the 200 SMA? It went up in sympathy with other shorted stocks on 7 June, but cratering with them now, down 9% today. Was thinking of selling put @$70 strike if it goes below $70 next week.
All kinds of bullish technical signals for ADBE, whose ERS will be Wed,16 Jun after market closing. bullish golden cross, as the shorter-term 20 dma has just crossed over the longer-term 50 dma trading action has protruded thru the top of the recent trading channel a 9-mo cup has been formed w ADBE closed at 541.26, constructed a bullish 10-pt PUT spread using 23 Jun Expiration bto 535 PUT, sto 545, collecting a premium of $5.50, defining my max $4.50 at expiration, should ADBE close > 545, my profit is capped at $5.50; i get to keep all the premium collected in advance ~~ 537, the breakeven point, where i have to return the $5.50 premium that was collected in advance < 535, my losses are capped at $4.50; i have to pay $10.00 ( $5.50 of which was collected in advance)
All the growth saas are back, NET at $94, ZM at $366, ayx $82. Still holding some but I'd been scaling them back to hedge for inflation. Should have just held.
cause effect on the fixed income market 10-year Treasury yield logs biggest weekly slide in a year ahead of Fed meeting effect on the equity market Techs, high-flyers and FAANG, are gaining their footings ready for a bounce on the flip side Cryptos---not as attractive substitutes/alernatives as they were when the tech stocks were falling--- have been sliding. ditto for base materials recent developments in ransomware only add more bad PR to cryptos
nice! are you going to keep your industrials/materials or rotate out? i have a bit of rio, fcx, lego; or are materials still going to rise? glad that i loaded up on apps. i think the market hasn't caught on to the transformational change APPS has undergone with its acquisitions, and recent bounce is purely in sympathy with the rest of the tech high flyers; will need to wait 3 months for next earnings when they start reporting for the combined entity. for cryptos i've been trying to do my amateur TA in the bitcoin thread, imo deathcross for bitcoin coming around 17 june. if it crashes i've got $ in binance waiting to pick up some alts.
nothing i have time to get in at the moment. i do think it has a lot of potential and is transparent about what is really going on there unlike a lot of boastful companies out there. and im thinking is at a good spot for an entry point.
have you looked at biontech? another stock that's very hard to value because of the covid windfall, but it's generating a lot of real cash right now and beyond covid they have a mrna platform that can be applied to other stuff, plus there's always booster shots to sell.
Lordstown Motors CEO resigns after investigation into preorders, following an investigation into allegations that he and other executives lied about preorders for the company’s electric pickup truck. The startup’s chief financial officer Julio Rodriguez has also resigned. The investigation found that while Lordstown Motors said on multiple occasions that a majority of the 100,000 non-binding preorders it collected were from commercial fleets, this was not the case. It also discovered that “one entity that provided a large number of pre-orders does not appear to have the resources to complete large purchases of trucks,” and that other companies on the list “provided commitments that appear too vague or infirm to be appropriately included in the total number of pre-orders disclosed.”
@Sajan pls share your updates here as well if you see rumors on CTXR results leaking early; i can't keep track of every corner of the net haha. i doubt it's been leaked but surprised by today's move. Price dipped last week when DMC meeting date was published. Weird that it's going up now.
The Fed's two-day meeting will conclude on Wed, Chairman J Powell is schedule to hold a meeting after the central bank releases a statement at ~ 2PM, EST Billionaire hedge fund manager, Paul Tudor Jones, says if the Fed does nothing, go "all in" on the inflation trade
my instinct tells me if the Fed does nothing, it means continuing liquidity, which bodes well for techs in the near term, i am setting up for some big bounce for fb / ADBE (off the cup) and this one (off the low of recent trading channel)
i'm already on the apps/zoom/futu boat. go all out for (profitable) ultragrowth haha. i was actually looking at value stuff that's down today. added FRG as its below recent insider buying price of $36.
