To The Moon

$Lumentum(LITE)$  One analyst just bad mouthed LITE, noting that it's trading around 100x forward/non-GAAP earnings, meaning even good results can lead to selling for profit taking. That take is pretty frustrating.

$Lumentum(LITE)$  After a roughly 10% correction, it's normal to see a small slowdown the following day. I'm holding, and I think it's going to bounce very soon.

$Lumentum(LITE)$  Adding to my position. This kind of pullback is normal and completely healthy. It shakes out weak-handed longs while catching new short sellers off guard. I'm staying long.

$Lumentum(LITE)$  Price action has been pretty jacked up lately. There's a gap trade almost every day, lol. It will be fine. There's just a ton of anxiety out there, and the algos and MMs take advantage of it.

$Lumentum(LITE)$ We filled the gap and now the bears are out talking about rates and how debt will get paid. Maybe they should take a look at the balance sheet.

$SPDR S&P 500 ETF Trust(SPY)$ On most stocks with strong premarket news, profit taking stalled right above the prior close and is bouncing now. $NEBIUS(NBIS)$ , $Vertiv Holdings LLC(VRT)$ , $Generac(GNRC)$ , $Lumentum(LITE)$  and others are doing the same thing all over again.

$Corning(GLW)$ Heading to $160 by Friday. Someone bought a large block of $155 calls expiring this week. Just noting the setup looks very similar to LITE.

$Lumentum(LITE)$ With the short interest that built up over the past week and the ECOC coming up next week, I expect to see heavy short covering into Friday. Hoping we clear the 1030 level by Friday. Good luck to all longs.

$Palantir Technologies Inc.(PLTR)$ Alex is expected to appear on CNBC soon. He may show up alongside Scott Boatwright from Chipotle to discuss the partnership. QSR is a massive industry, and it is an area Palantir could penetrate really well.

$Lumentum(LITE)$  LITE Lumentum quarterly earnings came in at 1.10, 1.67, 2.40, and 3.23, with an estimate of 4.21 next. Quarter-over-quarter growth has been running at 52%, 44%, 35%, and 30%. That looks like a solid long-term setup to me.