$AVGX $AVGO bought calls. Could be a falling knife, but doubt this drop is justified or that the big boys won't support a major holdings. Bet 3k on a rebound. Since their calls it should retain time value. Will ride the upswing and limit the downswing.
$GOOG BUY and here's why...The higher time frame (4hr) shows price recently coming down into a demand zone, which also happens to be perfectly aligned with the Weekly neckline. This neckline, historically speaking, has very strong moves off of it (see weekly time frame on GOOG). When zoomed into a 30min time frame, where you can see price break structure to the upside, following the previously formed downtrend. Price then pulls back and breaks structure again to the upside, reaching price heights of around 172. Today price retraced just over 50%, where I believe is where price needs to be for its next big move up. My target is the untouched supply zone ($175 TARGET).
$AVGO has foundational IP at Google, they cannot be taken out even if Google wanted to. AVGO has leading edge IP and core expertise in High speed SerDes links within interconnects and custom processors that make it practically impossible to remove AVGO out the equation. There’s a reason why AVGO has made 6 generations of TPUs and continues to win the next generation design all due to core IP that no one else can really match. Mediatek can make the same chip as AVGO for cheaper but won’t perform the same. After six generations of TPUs built on Broadcom IP the switching costs to Mediatek would be massive. There would need to be mass redesign of components AVGO designed and no guarantees they will perform the same or better. Google does not have time to experiment w
Added more to $GOOG . New cost basis of 170.05 usd. Why i believe this to be a good investment: -Informational searches are being taken over by LLM's, googles cash cow in terms of advertisers are not. -Youtube is a wide-moat business with huge potenital -Cloud is growing, and Wiz made it even better. Yes it was expensive, but in 10 years it won't matter if it was 25 or 32 billion dollars. Maybe buying back share rn would be the right move, but I trust management. Is Google a worse business today than it was yesterday? Not in my opinion. Hence why i added more. Largest postion excluding gains.
$AVGO Might have found some support for a relief rally. I would consider this one more speculative for sure. I've included a couple of call ideas before and after earnings 6/10. Shares are always an option as well. All investing decisions are your own.
$GOOG is poised for a strong move after completing an A-B-C correction near $160. RSI divergence suggests bullish momentum, and a break of the ending diagonal could spark a wave (3) surge past $200+. Ready for the breakout? Retweet and follow for real-time setups! Let’s ride this wave together.
Think fast not fat, that's Broadcom's unofficial motto when it comes to AI inferencing. Have no idea what I'm saying? That's ok, it's industry jargon for Broadcom owning a ton of IP that AI can't live without. The stock is down and now is a great time to buy. $AVGO.
Alphabet CEO giving rationale for the Wiz acquisition: "Together, we believe this and Google Cloud can accelerate the ability of organizations to improve their security, lower the cost to do so & ultimately spur the adoption of multi-cloud and cloud computing..." $GOOG $GOOGL
$AVGO $TSM These companies are not going bankrupt like some of you are making it seem like lol. AI and robotics are going to take your job, these companies are growing tremendously. You better have some shares in the semiconductors and AI to future proof your life.
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