Good Friday is coming!!!For ivestors like me, i bet on the short term trend of stocks. i tend to hold cash during the holiday.Many investors may want to hold cash so $S&P 500(.SPX)$ could drop for 4th consecutive day[Thinking]
$GameStop(GME)$ missed bothe eps and revenue and fell to $13 in extended trading. I guess the stock may test $13 tonight and then choose the direction. If gme lose more tonight, it may head to $11.eps of 22 cents, missing the estimates of 30 cents. Revenue of $1.79 billion, compared to $2.23 billion a year earlier, and missed the $2.05 billion consensus view.
$Astera Labs, Inc.(ALAB)$ , which had once approached $100, ultimately closed down 2%, but still saw a rise of 130%. If you've previously profited, it may be a good opportunity to take profit. Astera's P/S ratio is as high as 90x, making it a worthy meme stock. While it may continue to rise, the risk is too high.
$Viking Therapeutics, Inc.(VKTX)$’s weight loss pill, VK2735, showed promising research results.Phase I clinical trial of the drug demonstrated an average weight loss of 5.3% over a 28-day treatment period, significantly exceeding market expectations.Its side effects are also mild, compared to its peers $Novo-Nordisk A/S(NVO)$ and $Eli Lilly(LLY)$.There is still some distance from the previous high point of $99, but with the stimulus of positive news, I believe $Viking Therapeutics(VKTX)$ could potentially break through $100.
$NVDA Friday is quad witching. They won’t let $900 calls print. Every other fud story. Watch it go straight up through $1,000 by Friday on the way to $1,200 next week.
Selling (also called writing) a put option allows an investor to potentially own the underlying security at both a future date and a more favorable price.Why Would an Investor Write a Put?The two main reasons to write a put are:To earn premium incomeTo buy a desired stock at a price below the current market priceIs It Advisable to Write Puts in Volatile Markets?Since volatility is one of the main determinants of option price, in volatile markets, write puts with caution.You might receive higher premiums because of greater volatility, but if volatility continues to trend higher, your put may increase in price, meaning that you will incur a loss if you want to close out the position.If you perceive the volatility increase to be temporary and expect it to trend lower, writing puts in such a m
I’d like to recommend three books I read in 2023. Beating the Street by Peter LynchLynch shares his personal investment experiences and methods, explaining how to discover potential investment opportunities through everyday observations and understanding. This book is also simple to understand.Although I haven’t finished yet, I find it interesting every time I start reading.The Dollar Trap: How the US Dollar Tightened Its Grip on Global FinanceThis book delves into the dynamics of global finance and how the US dollar became a dominant force. In a rate hike environment, the impact of the US dollar's strength on global markets and economies becomes even more pronounced.Dreams Know the AnswerThis is a Chinese book, I translate it to English by myself.As a psychology book, this author analyzes