Contrarian Value Ideas

[gfp927z]

Derf, Looks like PLTR is still climbing. That's one phenomenal chart right now. Just when it looks ready for a pullback, it has another zoom. You already cleaned up on it though, so nice going. I had a little and did OK, but it's doubled since I sold it several months ago. Also, nice bounce for LRCX. It's through the 50 MA, and if it can get through 80, then next target is 85 (Sept / Oct highs) and the 200 MA (88). Still early though, but at least 69-70 was hopefully the bottom. Chart-wise, you got in earlier than I would have, but so far so good.

Portions of the market are showing some speculative froth, and the Nasdaq has inched back to new highs, so what can go wrong? Plenty, but for now people are enjoying the recovery. I worry about the tariffs and their effect on the Fed's plans, but it seems the market is not overly concerned, at least not yet.

I'll be curious to see Nick Timiraos' next update on what to expect from the upcoming Dec Fed meeting (link below). He is the unofficial Fed 'mouthpiece' at the WSJ, so well worth checking out. The headline of his articles is usually enought to get the gist and intended 'guidance'. Just about everyone on Wall St knows that Timiraos is the Fed's designated 'leaker', with the goal of preventing policy decision surprises that might overly disrupt the markets -


https://www.wsj.com/news/author/nick-timiraos





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