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Some things you can't put a price tag on. Happy wife and less stress, absolutely is one of them. Good to see ya still around bud.
The last time I warned people was last year at 299.0 when the earnings call was pending the following day. We all know what happened. Within the hour it death spiraled. Just too much growth too quickly for this to hold.
Profit take and grab puts for insurance against a correction. 1 - 100 shares you hold. If it continues to climb, great. If not the puts net you 0 loss on the downside. You only lose money if it consolidates and goes sideways from here (which is highly unlikely in my experience)
Bailed out and waiting for the downward spiral. Resistance here will give us a Monday correction. Good luck to all.
If we're rejected at 255.38 and revisit 217 as support, below that we'll be in a failed breakout and very likely to see 159. If it holds above 217, and continues to grab support, we'll be in uncharted territory as that would mean a 4 year descending wedge is finally over, and the upper trend line must be reshaped.
An exciting time for bulls. I'm cautious though, and will be trimming half of January 2025 calls. $9 for $200 calls to $67, profit taking shall commence. Reloading some into puts for Jan 2025 $150, and the rest will sit on 5% trailing stop loss.
That's my playbook, don't know about the rest of you, but I've been extremely consistent on calling the tops and bottoms the past few years here. We're at an unknown position in technical analysis.
Breakout or failed breakout? Next market open will redefine long term positioning. Hope this helps whoever takes it seriously.
This aged very well. :) 255 is the next test before inevitable correction to 150s. Bullish until first major pullback as we're above the major trendline for the past few years officially.
Still have shares from 2003. I know what you mean, and the sentiment you hold, but 15% gains in 2 days is absolutely unreasonable. It's not investing. It's gambling. But again, their money, their choice. Just not wise in my experience. That's a great way to destroy earnings.
Uh... idk. 15% by EoW is a stretch. Possible sure. Feasible eh... I'd profit take at open that far OTM. But that's just if I had it. It's not ITM, so it's still likely to expire worthless. $0 even though they're correct on trend direction. I wouldn't hold it.
Best of luck. I hope you got in on the high 527s too!
I've been reporting any direct personal attacks I see, so it's possible. Just gotta keep it classy.
Went with calls on spy as it had the greater potential, like 3 months ago, for growth as Nvidia's impact on the broader market will surprise everyone in the indexes.
Very nice win today for bulls. Opening bell will be exciting.
Huge beat 6.12. Expected 5.59.
Called it
Price action on Nvidia is just... lol. Still undervalued. Today is the day for bulls
Loaded up my last slice. Very nice opportunity here.
Zero idea what that grammar error means
Don't be surprised if it's 536 at open 😉
Loading up here for tomorrow. Cheers 🍻 and good luck!
Just a reminder that this last ER gave 1700% at open on overnight calls and over 2000% by day's end. Not saying it will mirror it, but it's enticing enough to toss some at it.
Calls for tomorrow right before today's expire. I'm looking at a repeat, and this week is very telling of it coiling up. Higher highs, higher lows. Bull trend is still on track overall. No signs in sight of missing expectations on tonight's earnings, as unlike Qualcomm back then, NVDA is producing and performing while holding a monopoly. Definitely taking a gamble on this. These opportunities are very rare.
Boston this is the single post you've made that I've seen that I 100% agree with. Can't always see eye to eye with everyone, but when you're right, I'll stand behind you on it.
Yep. I believe when the fed pivots and rates cut, sure. That healthy fear of loss is why I'm looking at a dip before close. Buying opportunity. Best of luck to all. Strangles wouldn't be a dumb idea to hold overnight.
Tomorrow night*
NVDIA earnings tonight. Consolidation before it rips tomorrow. I'm expecting a dip before close and new highs and the entire market rallies on another earnings beat. Waited 3 months for this play.
Short term, sure. Long term, no.
219.05 and 223.85 are the two points I'm watching closely for exit.
We're reaching the top of the wedge. It will have to perform a breakout to beat the main trend. We're not there yet, but we're getting close.
And I was spot on, as the main baseline inched upward from this original post.
So calling Jan 2023 bottom, last summer's top, and now this bottom.
3 for 3. See you all above 200 by January 2025.
Technical analysis doesn't lie.
Called this bottom months ago
Just as an aside, doom and gloom on earnings is priced in. April 26th I'm looking for the correction back up.
0.51 eps is generously low and I expect it to beat that.
Imagine if.... fed pauses in June instead of cutting rates. Nvidia earnings beat expectations. And inflation isn't over.
Add these together and... look out below. May rally on Nvidia. June drop. That's what I see here.
I am considering loading up more on this 141 premarket drop
Trendlines.
Matching the line from before the first rally that gave Tesla prominent market dominance, Jan 2023's bottom and every retracement I've ran with fib sequence in this last downtrend, we've hit the bottom on the descending wedge. Stop losses set for 135. If it sets a new trend and breaks into uncharted territory, I'll enter in lower. But being short from 299 to 147, gave me some lee-way to mess this up a little.
$200 calls for Jan 2025 is the wisest move here.
Hit my target I called months ago. This is the bottom. Closed my short and going full bullish here.
This aged well. Further downside ahead.
Not anymore. Took too long to dip. Trend broken. Down we go.
We will see 994.79 and it comes back lower and retests at 960.64. All charting supports these lines.
183.19 before we continue moving lower. The descending wedge intersects at 144.07. Just in time for earnings.
517.19 before it sees new highs.