$Amazon.com(AMZN)$has put in a 300% extended Wave 3 so far; it’s a guessing game but on a purely pattern recognition basis the stock could reach $206 before hitting major resistance - that’s the 3.618 extension of the prior Wave 1 placed at the Wave 2 low. Probably not in a straight line from here! Long AMZN in staff personal accounts.
$NIO Inc.(NIO)$The rotation of the shorts is as follows 1. NIO does not sell many cars. Answer> has the largest market share in the category of the cars it manufactures! 2. NIO burns cash Answer> curious but everyone is ready to give her cash whenever she needs it. (why?) 3. Battery swap stations is a bad idea Answer>: For six months now all the major car manufacturers, energy companies and governments of China have been making agreements with it to jointly develop battery swap stations (they must all be dumb) 4. The Chinese economy is not doing well Answer> Chinese economy is not doing well with 5% growth 56% debt to GDP but USA is doing great with 2.5% growth and 97% debt to GDP (laughable) Buy and hold
$SoFi Technologies Inc.(SOFI)$ I used to be critical of this bank, but I opened an account last year to feel it out and I'm impressed. In fact, it's the best banking experience I've ever had. I can't even think of anything that comes close. Also, the one time I had an issue it was resolved within minutes from a short text exchange....that's a first for me when dealing with a bank. However, it's still a bank, it's not a tech company. It just happens to have a great UI, but an app doesn't change the companies sector. That being said, I did put some of my risk $ into it at mid 4s, since the product is quite good.
$NVIDIA Corp(NVDA)$The stock gained 100% since January. With such a rapid price hike what is coming is correction first, then possible rise. So there is a lot of time to enter but not at this valuation, which is built mainly on AI hype. Sure it is strong company but not strong enough to all those who will take profits and trigger price drop by 50% imo.
$Micron Technology(MU)$ The winer of DRAM rise will be large module Co. like Kinston. The world largest Module Co. It ofen buy little when price high and buy more when price fall. Buy more and more when price fall further. Middle Captial Co. like Adata's March revenue rise 56% yoy. The problem of MU is that it still shut down some production while Samsung's production increases 3 times than that of last year. MU is afraid of iventories beause it cannot sell to China and HONG KONG.
$Reddit(RDDT)$ Meta has a much larger audience, but divide last year's top line by its 2.11 billion daily active users and you arrive at roughly $5 a month. Work the same math on Reddit's $804 million in revenue and the business is generating less than $1 a month for each of its 73 million active users.The ceiling is high for Reddit. It's a marketer's dream, a largely young audience that isn't typically exposed to brand marketing. Almost a third of them aren't on Facebook. More than half of them aren't on X. A daily logged-in user spends an average of 25 to 30 minutes engaging with the platform, and nearly two-thirds of them have a household annual income greater than $75,000. With more than 100,000 communities, an advertiser can target more effec
$Amazon.com(AMZN)$ The analyst said he is raising second quarter operating income estimate by about $750 million to $14.5 billion, 15% above Wall Street, driven by the new fee structure for Fulfillment by Amazon, or FBA, where third-party sellers can automate their order fulfillment and shipping services. Wells Fargo believes that restructured FBA fees and cost externalization driven by FBA inventory placement fees will drive $1.2 billion of incremental operating income comparable to the first quarter.
$ARM Holdings Ltd(ARM)$ ARM is getting clobbered today. Still, I think in the long term, data centers will continue buying these chips. For certain cloud providers will keep buying them. They aren't as performant but they use less electricity and are much cheaper. Customers are choosing them from our cloud datacenter. Not every workload needs the specific kind of performance you get from x86.
$Palantir Technologies Inc.(PLTR)$There’s also the macro and the fundamentals to consider in addition to the technicals. When I zoom out on the chart I see an uptrend since April of 2023. This tells me the fundamentals have been improving and will most likely continue to improve with data being labeled as the “new gold” in the public consciousness. And of course the macro situation can always keep the stock in a box until it gets better or gets worse. Long PLTR since the DPO. GLTA.
$Meta Platforms, Inc.(META)$Meta is insanely over-valued, think about a no-MOAT stock like this trading at nose-bleed P/E of 25 !! And there are actually people in denial who think we are not in 2000 Cisco stage again. Shaking our heads.Hope that helps, all the best,TOGI.