$Tesla Motors(TSLA)$As a follow up to my previous post, if TSLA to breakout out of current bullish flag, we could see $300 before Christmas. It does have bullish set up as it’s trading in a rising channel while being supported by 150 EMA. Quick run to $275-$280, a bit of a pullback and then retest of July’s high at $295-$300 range.I am less concerned with these smaller moves, but it would be great to see this breakout happen soon. Untimely I am aiming at $1200-$2300 levels by end of Q3 ‘24. Which means as much as $7T company. Seems possible if cybertruck is successful and boosts revenue/earnings, Model 2 around the corner supposedly, and also lower rates environment helping high valuation.TSLA: TSLA breakout before Chris
$Microsoft(MSFT)$Un-deniable facts: MSFT profit margin 35.3%; oper margin 47.6%; return on equity 39%; quarterly earning growth rate 27%. All financial data are excellent. Out-performed other stocks, the best among 7 MagnificentMSFT has been and continue to be the SW LEADER worldwide. AI and many products and services have been in use worldwide. MSFT under-valued. MSFT rises up sharply soon.
$Alibaba(BABA)$$Alibaba(09988)$I’m just wondering when Jack Ma wanted to sell some shares and saw the stock price goes down around $81 then he backed off on selling the shares. Now i believe after he saw the new low coming and i also believe he keeps an eye on the stock price and as long as he sees the market pricing is unjustified he definitely will act and guide Alibaba management to do something. Remember when Ma back to China in matter of 2-3 weeks they announced the spinoff plan. I believe he would do something to save BABA face and restore confidence in investing and buying baba shares. Let’s wait and see.[Cool][Cool][Cool]
$NASDAQ(.IXIC)$$E-mini Nasdaq 100 - main 2312(NQmain)$Yet the US job market news today shows a cooling market which should translate to lower inflation & no further rate hikes all of which should be good for the S&P and Nasdaq so difficult to read the tea leaves right now…Good news is bad, and bad news is bad ... investors just don't want to hear anything about the economy - no matter what is said, it is interpreted to be bad for stocks right now.[Cry][Cry][Cry]
$iShares 20+ Year Treasury Bond ETF(TLT)$That's quite the rip off of lows. I always have some passing regret when I roll out the short call far in time to reduce cost basis to keep pace with a declining underlying, only to have it rip up into my short call. (See also, my XBI Covered Call, which I also rolled out far in time, only to have price rip through my short call). The thing is, you never know, so I've gotta be fine with this sort of thing happening from time to time. For the time being, I can just sit back, leave the position alone ... .TLT: TLT Core Position (IRA)
$Coinbase Global, Inc.(COIN)$Long-term bitcoin addresses are not budging which means sellers are short-term traders. More traders = higher trading volume. Music to Coinbase’s ears.$340 looks to have some resistance, but we are good until then! Today’s $148 is nothing!
$Microsoft(MSFT)$Its unbeliveable how some articles can pump this stock and it gets manipulated by the mega funds driving this stock down so they can load up for the next big run! These people are not afraid of anyone...they do it in front of god and everyone.....because with the present administration you can get away with any thing with no consequences!! Nothing has changed with this stock...Dominant AI leader...cloud and gaming on fire...more diversified than any of the big techs....don’t let the downers on this board fool you...how do you say 400to 450 in 2024!!![Miser][Miser][Miser]
$Meta Platforms, Inc.(META)$Whatever.. it's election season. Zuck is likely selling to pay his annual "pay-to-play" dues. [LOL][LOL][LOL]As for the company and its earnings trajectory moving into '24... well, hard to think this doesn't benefit from campaign Ad spend.Rock solid company with strong fundamentals- revenue, cashflow, AI initiatives and broad customer base worldwide. This morning dip was a great buying opportunity. Added few more shares. $35 next stop before moving up. Reasonable PE compared to other magnificent stocks.
$NIO Inc.(NIO)$If NIO is averaging 18,000 deliveries a month the stock should be trading at 5 X Sales. $12 Billion than NIO's market cap is closer to $60 Billion than $12 Billion. NIO shares are worth north of $35. Dont be fooled.Crypto Bitcoin GIF by 1inch
$Advanced Micro Devices(AMD)$Double Top on SOXX index at 525 level. Seasonality December tends to be bearish cycle month for SOXX index. It’s NO hidden fact most of this upswing is 100% stock buybacks by the companies. Read 10 Q for AMD for details on its $12 billion buyback plan. NVDA reporting on its revenue is highly suspicious! How much are “ they” cooking the books to keep this AI train afloat? AMD is trading way above its actually revenue. Bubble ready to pop!