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SMCI just completed record quarter and
a record year in June, 2024...
Price should be down and resting some...
Technically it is passing the mid point
of up to ten day down cycles,,,
but a company update seems overdue...
Which wouldn't be surprising to see a
little crowing in when they release the
date for earnings release and CC...
SMCI can move a 100 to 200 per share
at the drop of a hat based on past moves
so far in 2024...
High price look with low float...
so we watch...LJ
SMCI 775 add in after hours, more isn't
merrier so far with this one...
Ai being obsolete memo has missed
my browser passes...
So we watch...LJ
Oil price rising on Surprise inventory drop
reported by API in after hours...
So we watch...LJ
Everything sux since bad karma was picked...
expectations of years of more rising
prices seems to be creeping in...
So we watch...LJ
SMCI growth...INTC has been very strong
price wise over past 2 months...
Monday, SMCI revealed adding another
$500,000 of credit line amount...
The two reminded me of a past pr...
https://finance.yahoo.com/news/supermicro-unveils-x14-ai-rackmount-030000315.html
If new orders come in before folks pay
for items already being built, then that
could add a short term need for more
money to build for the new order...
Now we are talking big money and orders,
and Hypothetically, of course...
SMCI getting much higher this week still
may hinge on the current TSLA pump crew
starting to exits by midday Tuesday ahead
of the earnings release and then picking
SMCI to squeeze on some...
My guess is still a possible TSLA flop
below Big Expectations priced in already...
SMCI is one of the last cheapies right now
for new groupies to buy into cheaper...
SMCI release of earnings date may not
come early enough in week to spur such
a nutty 1,200 price getting hit...
SMCI seriously has a much bigger year to
account for before releasing the annual
report coming soon...
If we do get a sniff of more Intel Inside
the SMCI products, then it would indicate
more diversity of revenue...
So we watch...LJ
SMCI, add on Monday, betcoin miners exiting some
biz are moving to Ai...
https://www.cnbc.com/2024/07/18/bye-bye-bitcoin-hello-ai-texas-miners-leave-crypto-for-next-new-wave.html?recirc=taboolainternal
SMCI is accounting for year end now
and not just a quarter ending,,,
thus the delay in scheduling earning's
release date may be due to that along
with the quarterly growth...
Hopefully market is mis reading it...
peon guess on that only...
So we watch...LJ
call me nuts, SMCI to 1,200 this week
could be possible...
it could need some money rolling off
TSLA on Wednesday over to SMCI
to have a chance...
another article on new Nasdaq 100 entry...
https://finance.yahoo.com/news/2-tech-stocks-buy-hold-131900621.html
ring-ring, just call me nuts...
So we watch...LJ
China central bank cuts rates by 10
basis points today,
after Biden dropped out of race and
endorsed bad Karma...
Two items may not be related other than
timing to get ahead of potential fall out of
U.S. import demand due to lower sentiment...
With U.S. oil demand getting hit with
weather all over the place and in week
ahead, the traders need anything to try
and cling to, to try to hold oil price up...
Saudi Arabia has to be implicit in Israel
launching weapons over their country
into Yemen, so they must feel like oil
demand world wide may be limping too...
[if Israel actually launched the Yemen attack]
So we watch...LJ
BIG K is for Kennedy...
U.S. Deficit,,,new puppet for Democratic war Party
is coming soon...
Ukraine tweeted,
borrow, borrow, borrow...
Israel tweeted,
borrow, borrow, borrow...
in support of latest move...
So we watch...LJ
SMCI has a gap down from 865 recently
from 07/16 close that needs to
fill first on next upturn...
NVDA gap down from 125 then...
Since 05/22 NVDA split announcement...
NVDA is up about 24%...
SMCI down about 9%...
during same time span...
nothing changed other than NVDA pulling
some air out of the big room...
SMCI is due to report a big quarter...
Article link discusses three in the sector
and their competition on the fundamentals...
https://www.fool.com/investing/2024/07/20/3-ai-stocks-buy-largest-opportunity-human-history/
Some Fools like the chicken,,,
Some Fools like the egg,,,
Some Fools have enough money to
buy the chicken and the egg...
Peons watch with admiration...
So we watch...LJ
Was betcoin created by apes to take over
the world?...
https://bitkan.com/learn/did-putin-really-create-bitcoin-why-is-it-good-for-bitcoin-to-have-an-anonymous-creator-11738
Much better to have no creator to blame
when a crash wipes out the price,,,
Similar to a power outage but enduring...
So we watch...LJ
Mstr pump is no longer tracking betcoin
move after the new dilution pump
of a forward split...
Beware for the owner now with no
idea when the pump crew will exit...
Charts aren't gonna help you since
it disconnected from betcoin price...
Big money doesn't allow Common Sense
to be used by either party...
So, Mr. Trump can quit throwing that
'common sense' term around...
betcoin is an energy hog totally repetitive
to the debit card system in place and is
built for big money gambling...
so we watch...LJ
Has Mr. Sheep ever ended a contest negative
in the past?...
This seems a disturbing development...
So we watch...LJ
NOG was held Friday with a dividend
being paid in near term...
VTLE was exited for short term,,,
ANSS and SMCI new positions used to
move from VTLE shares...
Oil price was dropping Friday,
but maybe more important...
QQQ or Nasdaq 100 has had a quick
about 5.3% correction from it's recent
trading high on 07/11/24...and might
regain some traction?...
ANSS and SMCI are both components in
the Nasdaq 100 index...
CAAS declaring a dividend on Friday
was a bright spot in a glitchy day...
So we watch...LJ
SMCI should take prestigious #101 position
in Nasdaq 100 on Monday...
*Google has 2 spots in the 100 index...
https://www.slickcharts.com/nasdaq100
September rebalancing should be interesting
after it takes place...
ARM has a much higher market cap than
other companies with more weighting...
SMCI starter entry will be similar in nature...
So we watch...LJ
want a 20%+ abritrage idea for mid term
hold time?...
will try to send it later...
can be entered after hours...
save your allowance until you see it...
so we watch...LJ
oil, rolling out of sector holds left held
today for now...
what does an oil investor not want
to hear?...'drill baby, drill'?...
so we watch...LJ
M,str, if SMCI moves back above 1200
and declares a nice forward split,,,
M,str, you might think it Was cheap...
us peon swingers never know though...
so we watch...LJ
SMCI, Supermicro is expanding in America...
https://finance.yahoo.com/news/supermicro-adding-3-manufacturing-facilities-020000868.html
Silicon Valley is in America...
So we watch...LJ
dooh-dooh,dooh-doooh,,, Nantucket closes beaches
during summer tourist season...
No shark hunters have been called...
https://oilprice.com/Latest-Energy-News/World-News/First-Major-Windfarm-in-US-Shut-After-Incident.html
Jaws of windmill debris is the villain...
So we watch...LJ
Going to Big Show...Party all day Friday...
so we watch...LJ
SMCI is looking deeply discounted against
some other tech companies before
joining Nasdaq 100 on Monday...
just looked at some other good companies
for a random comparison...
https://finance.yahoo.com/quote/SMCI/key-statistics/
https://finance.yahoo.com/quote/SNPS/key-statistics/
https://finance.yahoo.com/quote/ANSS/key-statistics/
Moral of the random comparison...
'don't throw out the baby with the bath water'...
so we watch...LJ
SMCI changing to mini micro before NDX entry
on Monday...
if the NDX traders are taking profits
this week to plow into SMCI next week,
then it might recover...
looking ruff today...but p/e ratio is lower...
so we watch...LJ
Smack,,,TSM popped earnings like a hard
grounder single thru the infield of
U.S. politics this week...
Guess everyone has to thank Trumpy
Bear for the cheap shares Wednesday...
J.D, is a good speaker, and the inflation
whack made me realize why the oil price
was popped up Unexpectedly this week...
Insurance rate hikes haven't spiked this
much since 911 spiked commercial rates,
if I had to make a serious guess...
peon reflections only, as always...
So we watch...LJ
Still seems too much input wage pressure
for any rate drops soon...
Gov't pushed union wage contract
increase for 3 years in 2023...
In shipping and autos...
11% increase in homeowner insurance
renewal was received on Wednesday,,,
so we are getting hit way, way above
any 2% inflation on that item...
That is crazy!...
Hope like hell others fair better...
Wicked witch of inflation isn't dead...
That doesn't mean that a political motivated
drop in rates can't come at anytime...
But that doesn't mean that small companies
qualify for lower prime rate sets that big
corporations may get...
So we watch...LJ
NOG, VTLE, have ITM sold calls on each
that look like they will get exercised
at Friday expiration...
Which could increase cash for buying
the shares back cheaper later...
Political buying in oil this week to make
sitting party worry may be going on without
any real data support behind the odd, strong
rise in oil price after 4th of July passed...
A falling period for summer demand doesn't
change because of political conventions...
Saudi Arabia always uses more of their own
production in summer for cooling...
Natural gas sitting in production pipelines
needs a place to get flowing to again...
Hope to buy back some cheap shares by late
August before tropical season swings in...
Already sold off other oily contest entries,
which you can't do in the year long contest
that limits buying back again later...
So we watch...LJ
Mr. President is isolating with covid...
https://www.aljazeera.com/news/liveblog/2024/7/18/israels-war-on-gaza-live-all-rules-of-war-broken-as-gaza-schools-bombed
Hhhmm, it was a winning strategy
back in 2020...
So we watch...LJ
Fuel demand dropped a lot last week
below the four week average in the
weekly inventory report...
oil production at 13,300,000 barrels per day...
https://ir.eia.gov/wpsr/overview.pdf
Gasoline refiners averaged 9.5 million barrels
per day of production and gas demand came
in below 8.8 million barrels per day...
https://ir.eia.gov/wpsr/wpsrsummary.pdf
According to this report...how high will U.S.
oil production be during a good weather week!?...
So we watch...LJ
SMCI added in after hours, took two
orders to fill a Tiny bid...
Seemed like the selling was starting
to run low on steam...
always another day though...
So we watch...LJ
ERX pumped up with natural gas lows hitting
again on Wednesday...
ERX has become a tough little puppy
to figure out here lately...
So we watch...LJ
SMCI bot in after hours, tidbit
won't sway any prices...
should be ugly enough to join
Nasdaq 100 on Monday at the
current rate of decline this week...
So we watch...LJ
pretty-slick, blame Trump for Nasdaq crashing...
TZA sold out on quick hop, hard
to leave decay position online long...
Oil inventory report looked like a
weekly average attempt with hopes
of good things ahead since the power
may have been out to many oil companies...
???how does weekly oil production increase
when some gulf platforms were shut down?...
there's your sign...
so we watch...LJ
Israel logged 60 more kills in Gaza...
https://apnews.com/article/israel-palestinians-hamas-war-news-07-16-2024-0cff821823185af16fb2ec5ee8e5c986
So we watch...LJ
TZA added afterhours, over 10% gain in four
days in Russell 2000 is smoking...
Checking those hot charts beats remote
viewing for clear history short term...
https://finance.yahoo.com/quote/RTY%3DF/
Around 2,150 might be an area to watch for
back testing support...
So we watch...LJ
TZA reverse etf...Russell 2000 has gap open
from 07/12/24 around 2168ish...
Russel 2000 is up about 10.4% in Four
Trading Days since 07/11/24 open...
https://finance.yahoo.com/quote/RTY%3DF/
https://www.barchart.com/etfs-funds/quotes/IWM/interactive-chart
https://finviz.com/futures_charts.ashx?t=ER2&p=h
Three different chart links that confirm
the extra hot activity in Russell 2000
over past Four trading Days...
07/12/24, Friday, came in with still hot
inflation numbers, so there is no valid
public signal yet of interest rate drop
soon to stir the increased speculation...
Spinners for market makers of big
institutions wanting to sell their shares
at higher prices might be spinning an
unknown reason to draw buying of the
big short term price pump up...
A 10% gain in four days in 2000 companies
in an index is Exactly a reason that no
interest rate drops are needed...
Peon speculation as always...
So we watch...LJ
that nutty API report is out...accounting
for a week that had some gulf
platforms shut down, and when
oil companies had less places to move
products with refinery activity muted in
some places, and oil exports were
limited by Beryl and afterwards...
and restricted driving in a busy state...
hey, let's just post a drop in oil inventories
and no one will think about it...
so we watch...LJ
BOIL sold late, TZA added in afterhours...
so we watch...LJ
Gold big pop today actually looked scary...
Ya have to wonder who bot big
and why did they buy big...
Big rally just seems odd now...
Everyone has to go with their
own instincts...
Oilies running now after 4th passed is
abnormal and triggered my own spidy
senses more than other movers...
So we watch...LJ
Big Dow move up usually follows economy dropping...
counter to main street...
hard to figure how to play...
so we watch...LJ