SteveWatson

    • SteveWatsonSteveWatson
      ·10-11
      $NIO Inc.(NIO)$ The shorts know everything about NIO, every word William Li uttered, every bit of news. I have a feeling they are just flirting because they are lonely, they are secretly bulls.
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    • SteveWatsonSteveWatson
      ·10-11
      $蔚来(NIO)$The shorts know everything about NIO, every word William Li uttered, every bit of news. I have a feeling they are just flirting because they are lonely, they are secretly bulls.
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    • SteveWatsonSteveWatson
      ·10-10
      $SMIC(00981)$ Believe in the country's prosperity, hold a full position in SMIC, the process is tortuous, but the future is bright!
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    • SteveWatsonSteveWatson
      ·09-19

      Volatility increases AVGO correction risk at current levels

      $Broadcom(AVGO)$ AVGO does seem like it'll be an extremely volatile stock in the near-term. And reasonably so, as markets debate between the company's AI prospects (competitive advantage in custom ASICs/networking) and the extent actually supportable by tangible fundamentals. My view is that there is a high potential for the stock to correct towards my reduced price target given the estimated market for AVGO's AI solutions will indeed be comparatively constrained, and also considering persistent downside risks facing its non-AI business. The volatility makes it quite prone to such a correction at current levels, and for short-term trading, I'd take some profits here.
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      Volatility increases AVGO correction risk at current levels
    • SteveWatsonSteveWatson
      ·09-18
      $Intel(INTC)$ I don't think all this Intel news lately worth all that much either - enough to scrape it off the bottom but that's not saying much. Unlike my long/short small cap fund of which I spend 90% of my time, my personal large cap portfolio has melded into shadow index with decades of legacy positions and funds. I also hate selling these positions because they are mostly capital gains. Sometimes it works out like $Oracle(ORCL)$ where company turns it around and I even bought more in last year. Sometimes like Intel, it's just a disaster. As I said earlier, nothing sadder in investing than the round trip.
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    • SteveWatsonSteveWatson
      ·09-13
      $Broadcom(AVGO)$ I’m looking at AVGO and it’s got a PE ratio of 31, and the expected EPS growth is only 15%. That gives it a PEG ratio of 2. To me, that’s kind of pricey. I mean, fair value should be closer to 1 if you ask me. It’s like paying top dollar for a value meal that’s just okay. I get it, the hype’s real and all, but I’m not convinced it's worth the premium right now. Maybe I'll wait for a better entry point.
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    • SteveWatsonSteveWatson
      ·09-13
      $Micron Technology(MU)$ AI hype bubble bursting? Look at $SUPER MICRO COMPUTER INC(SMCI)$ . As I said it would, SMCI burst is already happening. Down about 68% from its ATH. MU could be next. My guess is $50 within the next few months, then maybe $10 or so over the next couple of years.
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    • SteveWatsonSteveWatson
      ·09-12
      $Coinbase Global, Inc.(COIN)$ For COIN, it’s crucial to keep an eye on those support and resistance levels. Right now, I’m watching the $150 and $146 zones closely—these are key support areas where the stock could bounce back. On the flip side, resistance is showing up in the $155 to $157 range. If you're day trading, this is where you might see the stock struggle to push through.
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    • SteveWatsonSteveWatson
      ·09-12
      $NVIDIA Corp(NVDA)$ with the cash they have on hand nvidia can only afford to buy back 1% of the total shares outstanding, 245 million shares totaling around $24.5 billion. spend more than that then they can't afford to pay back suppliers, salary, r&d etc. keep in mind $30-$40 billion is probably all they have on hand from all these years of profit. so the rally probably will end in a week, at most 2 weeks. i've seen a company with 10% share buyback budget still down 30% in 2 weeks, let alone nvidia with 1% share buyback budget. just keep calm and continue shorting 😉
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    • SteveWatsonSteveWatson
      ·09-11
      $NIO Inc.(NIO)$ $NIO-SW(09866)$ If you are invested, I wish you the best. However, in my personal view, it's too early to jump to a firm conclusion. Particularly on the bullish side. Nio has a volatile history. For now, let's see if they can continue to narrow operating level losses. NIO continues to lose boatloads of money and battery swap remains a very unprofitable business model.
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