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lj: On the other hand, VLO is holding up.
Forecast has not changed. That thing is going to be supersonic in speed. Flooding is going to be the problem with the big, fat moon on Tuesday. Franklin is now a Cat 4. That should cool the waters of the Atlantic for the arrival of Idalia. (I think the the cane that took the cake was Ivan. That had to be the craziest path in the history of hurricanes.)
kqsquared: If U don't know what to think now, just wait until AI hits its stride. It will be hard to know if anything U see or hear in the media and beyond is real.
lj: It for some reason it stalled in the Gulf, holy cow would that be a mess. Cat 4? Cat 5? The redeeming feature of this storm is that is will be fast-moving.
lj: If Idalia gains velocity (V) when she crosses Georgia, she will become Vidalia!
ksquared: Trump would never go with Haley on the ticket. She didn't last as the U.S.A.'s UN representative.
She is not popular with conservatives. Ramaswamy is very popular.
The latest from the Hurricane Center: "Idalia has
already strengthened more than anticipated, and the environment
looks ripe for additional intensification, possibly rapid. The NHC
intensity forecast has been increased and lies at the upper bound of
the guidance. The new prediction now shows a 95-kt hurricane over
the eastern Gulf of Mexico at 48 hours, but it should be stressed
that additional strengthening to major hurricane strength is
becoming increasingly likely before Idalia reaches the Gulf coast
of Florida."
lj: That is what hit me on Friday--if there predictions were correct, it would move at the speed of light.
DeSantis returned to Florida from the campaign trail, so they are expecting something more than any Cat 1.
Biden Administration betrays 9/11 families:
https://www.dailymail.co.uk/news/article-12446317/9-11-families-call-Biden-administrations-deal-spare-terrorists-death-penalty-sickening-betrayal.html
lj: Those tracking models suggest that the storm will move very fast, with the storm off the coast of the Mid-Atlantic on Thursday. This is Sunday, and it still has not been "slingshotted" into the Gulf. I don't buy it.
lj: In other words, prepare for a Cat 5, hope for a Cat 1.
DeSantis has put the State on alert.
If it does become a hurricane, my bet would be it will make landfall as a Cat 1.
Things are going to happen fast.
lj: The Hurricane Center has changed its tune in 24 hours. Let's face it, unless there are wind shears to prevent it, a big storm should form once it hits that hot water. That is just plain common sense. It's a comin'.
ksquared: Whenever I suggested it should be raised BACK to 21, as it was before the liberals pushed through a Constitutional Amendment lowering it to 18 during the Viet Nam War (so kids would vote for anti-war candidates), conservatives would reply:
If you can go into the military at 18, U should be able to vote at 18. Well, until the 1970's, everyone who went into the military, which includes the men for fought in every war (except the American Revolution, of course), did not vote until they were 21.
That is what the Founding Fathers put in the U.S. Constitution.
21 period. Conservatives can be our worst adversaries on this issue because they don't stop and think about the big picture.
wadegarret: NVDA
I sold a January 2024 $350 call on NVDA earlier in the year. The surprising thing to me is that it has yet to be called.
That suggests to me that the big boys' algos are indicating that the stock will be much higher than $500 (pretty much the recent high) by January or that it will be as low as $350 in January. If there is a big tech wreck this fall and NVDA does not drop $100 or more, I would GUESS that the stock will be much higher than $500 in January.
ksquared: With all due respect, who cares. Biden will not be running next year. They sabotaged Bernie, and they'll sabotage Old White Joe. If nearly 50 percent of voters will be Gen Zers and Millennials by 2028, we are in MAJOR trouble.
I'm with Ramaswamy: Raise the voting age to 25.
al44: It is almost unbelievable!
lj: Hurricanes
Holy cow! Franklin is still an issue, and there are possible storms in the east Atlantic. Not to mention the tropical depression that should hit the Gulf by Monday.
https://www.nhc.noaa.gov/gtwo.php
lj: IBM
Dude, I am confused. (I am trying to sound "cool".)
The article about IBM suggests that they will start manufacturing the 2nm chips next year, but the article on the consortium within Japan suggest that it won't happen for years.
Did I misread something?
Time to go see whether IBM was put to me at $144 today.
lj: Thanks. You are on a roll finding good stuff.
Is Germany a police state? The Daily Mail reported, YOU decide.
This judge, who lost his job and his pension, was 100 percent correct.
https://www.dailymail.co.uk/news/article-12445777/Judge-struck-government-rules-children-wear-COVID-masks-German-schools-given-two-year-sentence-perverting-law.html
lj: IBM
Stephanie Link, a regular panelist on CNBC's "Half-Time Break", likes IBM.
Will read material U posted later today. Thank you.
lj: From the National Hurricane Center website:
"3. Northwestern Caribbean Sea:
A broad area of low pressure centered over Central America is
forecast to move into northwestern Caribbean Sea by this weekend.
Some gradual development of this system is possible thereafter into
early next week, and a tropical depression could form while it moves
slowly northward, entering the eastern Gulf of Mexico.
* Formation chance through 48 hours...low...10 percent.
* Formation chance through 7 days...medium...60 percent."
If it forms in the lower Gulf at this time next week, it would mess up the surf along beaches in Florida, would it not?
littlejohn: Wasn't aware of it. I won't cancel my trip to Gulf Shores! (Just kidding.)
lj: In other words, the stock market is extremely inefficient at assigning value to assets these days.
On CNBC last night, Dan Niles claimed that NVDA is not overpriced!
OT: The next President turns himself in tonight. My guess is that all of the lefty networks, MSNBC, CNN, maybe even the big three, and especially FOX, the network that hates Trump the most, imo, will run the spectacle live, interrupting regular scheduled programming.
lj: In March 2020, there were almost no cars on highways. And, I believe the air quality was as high as it has been since before the Industrial Revolution! Almost no vehicle traffic. Ditto for air traffic. People holed up in their houses. Bears moving into areas where they had not been seen since the 1800's. It was a unique time, to say the least.
lj: A profit is a profit. I am contemplating buying APT. If masks are required in certain places, the stock might move in a few months. I know someone who works in an assisted living facility, and they are requiring staff to don masks.
By the way, in Baltimore City today, I saw gasoline as low as $3.47 at a Marathon station, in an area where U might want to pump your gas quickly. I rarely see a car in those stations.
lj: EXCELLENT job finding that data, lj. I know now that in July 2021, everyone went somewhere! Seems there was a post-pandemic vacation explosion, though technically the pandemic was not over.
Alarming news from Kentucky today. A school district of 900 had to shut a school because so many students were sick with a one or more of the following: cold, Covid, and/or strep.
My take: Their immune systems aren't as strong as they would be if they had not been locked up at home so much in 2020, then wearing masks into the following school year.
The majority of schools open this week and next. Throwing those kids together in air-conditioned schools might create a health crisis.
Trust me on this: masks will be returning soon.
lj: "Barbie holiday sales". That is a hoot and a holler! By the way, I think AMD might be the next AI phenom stock.
No guarantee, just instinct based on its performance in after-hours trading.
lj: NVDA's earnings knocked the analysts' estimates out of the ballpark. Stock up over $30 in after-hours.
As someone sitting on a January $350 call, I am not thrilled. Worst call I ever wrote, and since I wrote it, I have written very few calls. That being said, there are big-money guys out there who believe, as I do, that the stock could be at $350 or less by the January 2024 options expiration date. Otherwise, and I am just guessing here, the stock would have been called by now.
Think about it--the stock is $150 above the $350 strike price.
https://finance.yahoo.com/video/nvidia-stock-jumps-earnings-guidance-205039527.html
lj: High heat, less driving. If U don't have to go out, you don't. Instead of 2 to 3 small trips to the grocery store a week, a senior might make only one. Who wants to just take a spin in the high heat? Once the heat wave breaks, people will be running around everywhere.
I notice that VLO went down in the a.m. and pretty much had regained half of the loss the last time I looked.
VTLE went down, but it must have support, because it isn't the usual disaster scenario this time.
OT: Sold the ALB $185 PUT for this Friday at approximately 50 cents, thinking today is Thursday.
It is a volatile stock; if put to me, I'll turn around and sell a call.
Didn't follow my rule of waiting for the stock to be oversold before selling a put at a lower price.
Again, having a senior moment and believe today is Thursday, it seemed like free money. The joke might be on me!
lj: Agree. Cover your eyes when the next report comes out.
lj: I was shocked to see the thermal map of Texas on upwards. U kept mentioning this, but I was otherwise unaware of the nightmare down there, and up through the Midwest. I don't "get" what is keeping that system in place. And, when it breaks, will the East Coast bake as it did earlier this summer?
Gasoline consumption has to be way down in the affected parts of the country.
Hillary gave Phoenix a big .02" of rain, I hear.
On another subject, VTLE seems to be holding its own, which surprises me.
If U are in the affected area, stay hydrated is all I can say.
lj: That WAS an excellent update. I guess if it strengthens as it goes out into the ocean north of Hispaniola, it will go up the Atlantic and cause mischief in northern climes--Greenland? the U.K.? Too soon to know.
lj: NVDA
I am not following you here.
getmoreshares: Great find. Thank you.
littlejohn: Franklin, Emily and Gert. Don't know where Franklin is headed after it hits Hispaniola. If it hits the mountains there, probably not going anywhere. Emily and Gert are duds. With the exception of storms that might form in the lower Gulf and Carribean, there should be clear sailing until well into September. Anything that would form off the Cape Verde Islands soon would take a long time to make it to the U.S., assuming it would go there.
lj: Answer: Because Gavin Newsom is incompetent.
Foreigner Rupert Murdoch of Fox wants anyone but Trump. Get a load of this obnoxious activity:
https://www.dailymail.co.uk/news/article-12428067/Rupert-Murdoch-personally-asked-Virginias-GOP-Governor-Glenn-Youngkin-jump-2024-presidential-race-media-tycoons-faith-Ron-DeSantis-wanes.html This should guarantee that Trump will never participate in a debate on Fox News.
VLO is down this morning. Maybe there IS some sanity in the oil stock market! On the other hand, VTLE was up the last time I looked. (Paid $3.70 a gallon Saturday at a very high-priced Shell station. Got .20 a gallon less than the price on the sign, using my grocery-store points. Gasoline is running between $3.70 and $3.90 around here. Had to fill tanks on two cars last week. Ouch. Have changed my driving habits. Driving more slowly and taking foot off pedal when I can drift. If everyone did that, VLO would be down $20 a share! LOL.