STOCK MARKET: Let's talk stocks and investing

really shows how irrational the market is, rebounded 25% off the lows within a month, despite no material news on the company's biz or earnings in between, should never have been beaten down in the first place.

 

@saitou . Did not unfortunately:/

 

since Wed's downturn, pretty much everyone has recovered, exept BX

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BX has been up ~ 70% ytd, been trading above the 20 dma since Mar; from the all-time high of 136.8 last wk, it has dipped ( on declining volume, suggesting that
there is not much conviction behind the selling ) to the 20 dma of ~ 128.

after the dip, trading action has been hovering near 20 dma, the MACD is at the nadir and the next ERS will be on Oct 27.

this is a nice set up for a bull run back to the all-time high, ~ 136.8---closing the gap---before the ERS.

made this bullish bet on BX

• BTO Nov 130 CALL, STO Oct 15 132 CALL, net/net 3.25
  • ready to roll forward the short leg to a higher strike CALL

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Aehr Test Systems Reports Record Bookings in First Quarter of Fiscal 2022; Raises Annual Guidance Approximately 80% on Strength of Semiconductor Test and Burn-in Sales for Electric Vehicles

https://seekingalpha.com/pr/1848570...in-first-quarter-of-fiscal-2022-raises-annual

Up another 20% in AH lol

 

Houston oil/gas company (CEI) ran strong this month. $$$

 

Sexploding, up 40%. Read the earnings transcript, somehow even more bullish than the earnings PR and 80% guidance raise. Tempted to fomo in at double my cost price. hmmm

 

where's the next support for ZM?

 

Never heard of it. Not gonna look into it either. But grabbed 100 shares just to support you.

 

#1 monthly runner. Meme stock.

 

I got stopped out so that's all for me on this one. I would say next support would be 235 and 180. No a bad place to start a position if you want it for the long term.

 

$TSLA

Its happening

Again

 

Meme stocks, I need to get back to watching these... CEI I was able to get ~10% but 386 would have been amazing.

 

this looks like a bounce off the low trading channel, going into the 10-28 ERS

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sold a 10-pt bullish PUT spread, 150/140. collecting a premium of $4.5, defining my max risk of $5.5

 

POWW: chart + guidance raise today just 1 month after reporting + macro tailwind (ban on russian ammo last month) + new DoD contract last week


AMMO raises Q2 revenue view to $55M from $51M, beating consensus $52.6M
https://seekingalpha.com/news/37448...e-view-to-55m-from-51m-beating-consensus-526m

 

Let's go TELL!

 

Fed tapering bodes well for financials

• legacy financials
  
  • BAC has been popping---up ~ 10% the last week---reaching the top of the cup from mid-Jun

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• digital / modern day financials
  
  • SOFI is showing a golden cross, where the faster 20 dma is crossing up thru the slower 50 dma

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Waping today.

 

After researching more, been wanting to start accumulating MELI as a long term buy for fundamental reasons. @adoo views on a good entry? Do you think it can drop to the 200 day?

also, do u see APPS hitting resistance at the $80? thinking of when to start selling covered calls on some of my position to reduce a bit.

 

Up +30% today. Imagine if you did more than 100 shares...

 

Why MercadoLibre Stock Got Chopped Today ?

meli is having trouble completing that handle to the top of cup that was started in May
in the next 2-3 days, unless i see meli closing above the opening price today, i'll just wait.
it is trading just below the 50 dma; it , another guidepost that i'd use, must hold​

as for APPS. there is a lot of tailwind

one a day, when tech and hi-multiple one got beaten down by the news of the forthecoming high yield to 2%m APPS actually traded higher.

in view of this and its high IV,selling a credit spread makes for sense, sell a higher-strike PUT and buy lower-strike PUT​