Tdy is also the triple twitching day where lots of options & futures expires... a drop is expected w the short covering - the exciting part is how market is going to close tonight! Perhaps it's time to keep $NVIDIA Corp(NVDA)$ on my watchlist since Mr Jenson is taking profit on the prices!
Semiconductor Shares Slid in Morning Trading, With Nvidia Falling over 4%
Article to make those who are left in the station happy?? Hmmm.... it's still rising!!!! be nimble though my friends who are riding this wave!!! Still long term $NVIDIA Corp(NVDA)$ bill on NVDA - I like Jenson's talk on life is about suffering - just don't suffer too much drop on the pullbacks !! what goes up must come down - so if u are just for the quick ride - be careful esp of u get at 130-ish.
Nvidia: The Paper Gains Need To Be Converted To Cash
I've mentioned $Palantir Technologies Inc.(PLTR)$ many times in my sell put strike $21. Happy to collect some pocket money. As I'm sitting 100% profit in my very old position, I'm looking for first target at 31 back to 25 to retest it before it goes back up to the 42!!! Last intrinsic value I calculate this was at $17-$19. So trade carefully my friends!! Be nimble if u get it at higher prices! Still I remain long term bullish on $Palantir Technologies Inc.(PLTR)$
Why the Palantir Stock Rebound Is Just Getting Started
$McDonald's(MCD)$ has returned to the levels I like. Typically $230-$250 been the entry price for this ticker. Since now this big giant has awaken about the pricing - which has gone from a cheap & fasteat to the crazy price in Connecticut - it's ready totake on a price war - something encouraging that steps are taken to re-establish its place as the King of fast food. Ok I will go with u in this as I believe in $McDonald's(MCD)$ - as history shows - people eat macdonalds when in recessions - and with the price coming off. Sales will slowly increase. Since $Coca-Cola(KO)$ is supporting them as per this article - that's a great cookie point! [Grin]&
McDonald's $5 Value Meal Intensifies a Fast Food Price War
Let's take a look at $Netflix(NFLX)$ performance. Nflx has done a great job with the first mover advantage & all the collaboration with the local shops/ lifestyles & trends to keep up with the attention seeking generation. The ability to raise prices and yet minor drop in subscription which they recovered it seems to show the anchor tv / movie moat they have compared to Disney. the recent surge is healthybut against the backdrop of a suspicious cloud where everyone thinks that the market can't be keeping with new highs - it will be an unfortunate victimof pullback due to macro environment. The current options premiums are not attractive so perhaps "do nothing at the moment" for me is a strategy withthis ticker. In longer term I
As much as I like $NVIDIA Corp(NVDA)$ I remain my stand to wait on the pullback by collecting premium fr selling puts. shadowing the history of $Apple(AAPL)$ pullbacks of 20% can be possible as S&P hovers the highs with lower trading volume. So my trade idea: sell put strike @ 105 delta 0.20-0.25 expiry will depend on your holding power. Havingsaid this I'm prepared to double down should 105 breaks. [Cool]
I tested Nio in China shanghai - it was a great experience! Hence somehow at current levels 4-5$NIO Inc.(NIO)$ seems just unjustified as it's showing improved sales.
Interesting article, personally I also feel $GameStop(GME)$ is overvalued based on traditional DCF methodology. Well, here's the work of Mr Market against the many who see Roaring Kitty as the icon forthe everyday men & women working their lives off. A beacon of hope & perhaps a cult/ inspiration. Assuch, the prices becomes unpredictable. [Miser] [Anger]
The $NVIDIA Corp(NVDA)$ story continues to push up the entire bull landscape out there. There are many who will want to own this giant in their Portfolio hence it will be a buy on dips kind of scenario with the upcoming earnings release. My calculated intrinsic value of this stock is $740 but given the hype with chips it might be hard to get there again. Given it's an expensive stock, I'll prefer to take an option trade vertical to buy a bull call 1100/1110 spread value 21 June that cost me only $1.50 per contract but the rewards can be as high as $3. To cover this cost partially I took a bullput spread same value date at sell call 1150/buy call 1140 which generated $0.90. My max
My once-in-a-life timetrade till date is probably DBS In covid era. Stocks were sold off below fair value and well I kinda conclude that if everyone is to die in the apolcalyse there is no use for money anyway. YOLO [Happy]
Roaring Kitty been posting bear beware / friends/ he's back meme every other 15mins but $GameStop(GME)$ Just keep sliding. Seems everyone is waiting for his trigger - time & pressure - as hinted. Gosh this is unfolding into an epic reality show mate! 😎
Market Pyschology reading assessment to the max! $GME probably really holds the records of number of halts up & down. No matter which direction you are trading - beware - there are many FOMO players around this time & the musical chair can end swift & painful. Set a stoploss & take profit target - manage your greed. Afterall meme stocks are just for happy fun trading, dun get too serious with it.May the huatness of the markets be with you[Allin]