SPI started out as a solar energy co, w backings from Chinese investors. then, it lauched its hemp / CBD products. it was on the verge of getting de-listed. yesterday, it announced that it was getting into the EV business, which alerted the Robinhood crowd, who bid it up BIG TIME from where i stand, SPI makes NKLA look like a legit co
Dec CALLs for TSM are cheap---trading at ~ 10% discount to their theoretical values---i picked up some for the 15 Oct ERS run
LOL. Makes sense...buy something at $45 a share when they haven't even made a product yet. This has become worse than a casino.
the option prices for this semi industry leader are expensive; trading action has found support at the bottom of the trading channel, thus, i want to participate in the coming Nov ERS run to defray to cost of an expensive Dec 540 strike CALL, i also sold a Oct 590 strike CALL
Anyone else getting worried about headwinds for next few weeks/months? - Cares Act supplemental unemployment benefits expire on 30 Sep, and our politics bros in D&D don't think a follow-up bill is coming till after election - Jobs numbers coming end of the week. Last month's new hires numbers were boosted by one-off hiring of 238k census workers. Will this month's numbers be disappointing? - Election uncertainty. Wall St is ok with either candidate, but the fear (even if it never happens) of a divisive campaign season leading to civil unrest after the election may start to build. On the bright side vix still looks ok? Today is looking green, gonna trim some positions.
I m watching CNBC, all indices are up on the hope that there will b a 2nd one. just my guess, Rep want it out of the way, so that the Senate can expedite the approval of Trump’s Supreme Court Justice
House speaker Pelosi met w her team over the week-end, awa earlier this AM, and gave the impression that she is optimistic about a 2nd one.
I'm so disappointed in my favorite CEO. https://www.businessinsider.com/nikola-one-trevor-milton-semi-truck-design-bought-rimac-tesla-2020-9 This seems like a money grab now that he's collected, but damn, Trevor :https://www.cnbc.com/2020/09/29/two...nts-against-nikola-founder-trevor-milton.html
My issue is that even if I get worried, there's a sell-off and there's a comeback, and I don't really daytrade (except occasionally), so I'm generally in it for the long-haul. I think there's just going to be volatile periods between now and shortly after the election and maybe further, so I can't time any of this, especially if you throw possible retaliation by China in, although that could even wait until after the election. I got stopped out of a few positions after pretty nice gains a few days ago in SLV and FMCI. I sold one or two other positions. Tomorrow is the first presidential debate, so that could shake the markets the following day. Buckle up for some unpredictability is all I can say.
I'm still mostly long stocks and positive long term, just trimming to build a bigger cash position - with the uncertainty ahead I realised I've been taking much more risk than I'm comfortable with. If Nancy gets her deal thru and market rips while I don't have everything in the market... I'm ok with that too.
AMD have been unusually tight on benchmark leaks for this launch. Past launches had benchmarks leaked months ahead of time, as these chips are shared with partners/hyperscalers for early testing. With the product launch on 8 Oct, the first benchmark to show up looks very promising. Still too early to tell as we don't know the exact conditions of the test (e.g., extreme overclocking), so take this with a grain of salt. This benchmark is known to make use of more cores (less optimized games/benchmarks do not), but amd's new 8 core manages to beat intel's 10 core offering handily in this test, which points to strong single thread performance improvements. Looking good. https://hexus.net/tech/news/cpu/145819-amd-ryzen-7-5800x-cpu-zen-3-vermeer-test-aots-leaked/
You're basically where I am. I'm going to let my core holdings ride for now -- maybe swap some risky stocks for some longer-term less-risky stocks, but I'm ready for January'ish (I think... I still think COVID is running this country/economy at the moment).
Along the same lines MU earnings are today. They've been lagging the rest of the semis badly throughout the year. I'm eager to see if they fire up a dud in a few minutes. I don't plan on buying any, but I hope they don't affect other semis if the earnings are bad.
fwiw, MACD fast line just crossed above the slow line i got in AKAM last wk, exited today w a small profit. Put all that proceed into AMD, doubling down on the Nov options
