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Short term, hard to judge how they'll play it, but I'm expecting 155 by end of November, just in time to bounce back off of end of election results.
My point made on MM's manipulating news. Any negative topic they can pick and choose, "Robotaxi reveal delayed from August to October," as a reason for today's sell-off. It's comical. They have a slew of things to pick. Sales comparison for YoY, rate fears, etc etc.
But some random objectionable article that delays a month cost $20 in pps valuation. MM's are the smoothest legal criminals in the world.
This. We've both been here for years calling the right long term calls. JJ, happy we're always on the same page. Cheers bud.
Even when we're on the same side, it's difficult to read your stuff seriously lol.
Large in part to why Tesla didn't gain while all other major tech companies did in the early half of this year is absolutely politics, rate adjustments sure, but politics mainly. All things AI were the new trend replacing EV on the hype wagon. Why not Tesla? FSD is algorithmic and advancing. It makes heavy use of Nvidia's product. It's leaps and bounds ahead on integration of LLM while I'm sure elon has plans to incorporate Grok.
Yet it still trended downwards. Politics. When the CEO is at war with the left, and that's who's in power, it's easy to understand why it trended downwards since May 2020. Pure and simple. Left side of the aisle is the institution lapdog. Right side of the aisle is it's "political oponent," even though long term interests align. Tesla's volatility in the Biden Era is in my largest belief political and a power grab to minimize his influence, since he obviously doesn't always play ball. That's where people should start trying to disect any useful information on direction from for ups and downs.
101 to 299 sparked because of lithium sourcing in Pennsylvania. 138 and up was large in due part to other reasons as the ticker is useful for MM's to farm retail while still keeping the company alive. Below that all important bottom trend and where we are at currently, 178 at Aug 2026 is the absolute lowest it can go, and this spike up puts the Top trend squarely on that benchmark. I expect mid range pricing until then while rates adjust in the coming year.
I watched as Fanny May and Freddy Mac were manipulated from 6.12 to almost 1.00 penny by penny, 1,000,000 share brick by 1,000,000 share brick, following supreme court ruling that roasted investors. We all knew the outcome wasn't going to side with investors, but they let it run for a couple months up to get people hopeful, before obliterating them in 30 minutes. This was about 10 years ago. The flash crash I mentioned yesterday, was one guy in U.K. baiting the algo system into the dirt. It's all pre-planned.
Buy the rumor, sell the news. If you know about it, it's already priced in.
This is how articles work:
Market maker's manipulate the pricing. Each institution on it's own can choak the daily float volume and send a ticker to 0.01 and keep it there. They don't because wealth is built on trust. We don't trust a market, the game is over. We as retail have zero control over this game.
The articles and news events that follow explain away why they moved the way they did, or contradict it to bait people in. Welcome to wall street.
News doesn't matter to me one iota. How they're trying to manipulate retail does. That's how your news factors in.
All time lows were at 138 when it smacked the bottom trend line spanning the last 5 years, in line with 101 last year. We're in breakout territory, but there's still time for it to reject. If it continues to consolidate here, this rally is done. Doji star territory on candlesticks after bullish engulfing isn't good. 263 was the next fibonacci retracement resistance line I had as well. It's looking like a hard rejection. MACD, overbought. RSI overbought.
Red close end of week.
And agree to disagree there. The day before earnings, exactly 1 year ago, 299. I called the top and the rest of the year it death spiraled. Ending this debate there. All of my receipts and proof are on this forum. Dig through and you can confirm my accuracy.
That's entirely incorrect. Since the late 90s, and the installation of the clearing house, market makers lost their blank check and infinite share access. Afterwards though and ever since, starting from the DotCom Era and onwards, all institutional trading is algorithmic. I witnessed the 30 minute flash crash first hand. It's because of blackrocks Alladin platform. Look into it. The fibonacci retracement tool is far more powerful of a tool than RSI, MACD, Bollinger bands, etc. The market has always been manipulated.
So knowing all of this, no nothing is different.
Closed 80% of my remaining calls at $81 - contract the last chunk offsets everything I have in puts. Cheers bud. See you again at the next major pivot.
Yet to see any pullback or creeping upwards. It's in vertical ascension, so... forgive me for calling it what it actually is. A small pullback would be healthy. What It's doing right now absolutely isn't. It's akin to a pump and dump.
I "read the tea leaves." All fed pivots have resulted in sharp pullbacks. Assuming otherwise goes against all proven data.
So you realistically assume a vertical climb for 2 straight weeks. This isn't Nvidia. It isn't space X, twitter, or the boring company. Those are private investments.
It's a car company that broadly trended down for 4 years after hype subsided.
Yes we're finally breaking trend, but everyone thought I was wrong in January 2023 at 103. In July at 299 and just back in May at 144, and again at 196 when I said "Hold until 217 or higher, we're mid trend," when it consolidated in the 170s.
This breakout will correct before that date.
Indeed. Still sitting on half of my $200 calls, waiting for a 5% dip. Not worried in the slightest. Probably pick up more puts here too. It's a good growth moment, but thankfully I've always been more realistic than speaking about non-existent splits and $1000 price targets. Historically when the fed pivots, the market tanks. I think we'll see that again soon.
Yeah... took a dive into any relevant information on "rockwell clause" and have determined your only analysis point is hopes and prayers. It's declined after consolidating a little. Today should be a correction.
I'd like to see the analytics you used to support this. I've been backing everything up with major trend lines, fibonacci retracement, and any truly newsworthy piece as a catalyst and not things people already expected.
310 and 1000 are absolutely ignorant without a monopoly on all transportation and not a niche marketplace for a fan base.
Nvidia gets it's growth off of it's monopoly. So equal levels of growth especially in a high interest rate economy... yeah... no.
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.