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 USA Stock Discussion v8, Brexit: What happens now?

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danmooncake
post Aug 9 2024, 02:22 AM

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QUOTE(engineer @ Aug 8 2024, 08:12 AM)
So this is what I heard, many traders bought the dips during the overnight session when the market crashed and the transactions went through and was confirmed. Later the day when the market open the stocks recovered from the dips and some of those traders sold what they bought to take profit. What happened was that the buy transactions was cancelled after that and now the traders are turning from making profit to become short selling. Many are making losses and not able to recoup. I guess that's what Moomoo meant about the abnormal short selling. At least Moomoo is taking some responsibilities to sort things out.
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Wow.. hopefully, moomoo can make it right for them, maybe just cancelled that "abnormal short-selling" order instead of buy order.

Market now is edging back to last Friday price before the big drop on Monday. thumbup.gif


danmooncake
post Aug 15 2024, 10:33 PM

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QUOTE(engineer @ Aug 15 2024, 10:26 PM)
Tech stocks rally again. Especially the semicon  rclxm9.gif
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The world was ending last week, now all is good again. laugh.gif

I'm selling my NVDA calls here.. trying to book half the profits before the bears take it back.
It's crazy... 30% gain in just 5 days. This thing is so volatile. sweat.gif
danmooncake
post Aug 15 2024, 10:44 PM

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QUOTE(engineer @ Aug 15 2024, 10:36 PM)
Those bought during the dip last week at $90 are happy now. Ya 30% in a week! You never know it will crash or rocket up. But earnings soon, got to be careful.
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Yes, in about 2 weeks, if they spike it up there before earnings announcement, it will be sell the news kinda situation.
Or.. it misses or have any projection about slowdown in AI spending... boom, it will be punished again. sweat.gif

Also, the price now is above when the CEO sold some of this holdings.. better let some go before earnings.
Always good to book some profits. laugh.gif
danmooncake
post Aug 17 2024, 03:19 AM

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QUOTE(Barricade @ Aug 16 2024, 11:42 AM)
Thanks NVDA. Sold off everything again and pocket a handsome 26% gain. Wait for the next dip.
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Always good to take some profits..
If wait too long, bears will come and take it back. biggrin.gif
danmooncake
post Aug 23 2024, 03:57 AM

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QUOTE(Broken Dreams @ Aug 23 2024, 02:44 AM)
My portfolio still 11% below the ATH reached before the yen carry trade crash ... if converted to MYR.  Most of the losses due to strengthening MYR.
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Better don't convert.. keep stock market in USD terms.
Over time, market will outperform exchange rate.





danmooncake
post Aug 23 2024, 03:59 AM

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QUOTE(ozak @ Aug 22 2024, 07:54 PM)
NVDA 2 days unusual high kena short.

Today if cross 130, all kena short squeeze.  sweat.gif
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Dunno, difficult to say because Powell speech may disappoint the market.
They already expected him to give 25bps cut next month.. but any indication of less.. they will drop back to Aug low. sweat.gif
danmooncake
post Aug 24 2024, 09:02 AM

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QUOTE(gashout @ Aug 24 2024, 06:11 AM)
the market looks good.... portfolio went back normal now....

the monday black swan event was dark!
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Of course-lah! Powell and his PPT (Plunge Protection Team tongue.gif) came in and save the day from Jackson Hole, WY.
No bears dare to come out and roam anymore.

Next activity is just money printing again in Sept.
Time to BTFD again... biggrin.gif
danmooncake
post Aug 27 2024, 11:21 PM

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QUOTE(john123x @ Aug 27 2024, 11:58 AM)
i agree

remember Jack Ma?

he loses his 53.6% voting power to mere 6.2%
https://www.theguardian.com/business/2023/j...group-firm-says

China government thinks they can do whatever they want and gets away with it. But investors will remember forever.
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Totally agree. There is no such thing as totally private sector in China. All publicly listed companies are controlled by the CCP and they can fudge any numbers in the financial reports to make it look good on the outside but all rotten inside. Just like their tofu construction in many housing and building development. Even those China based ADR shares are just too dangerous to buy. No overseas shareholders are entitled to any equity at all, all using complex VIE to make investors think they've equity. Very dangerous. sweat.gif

This post has been edited by danmooncake: Aug 27 2024, 11:35 PM
danmooncake
post Aug 27 2024, 11:34 PM

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QUOTE(TOS @ Aug 27 2024, 01:40 PM)
OMG, that's terrible. Yes, money is good but no life at all. All became indentured servants.
By the time you're vested, and ready to quit, your health is already affected.

Anyway, NVDA is set to report tomorrow. This is going to affect all major markets, not just tech. sweat.gif
danmooncake
post Aug 29 2024, 02:10 AM

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QUOTE(ozak @ Aug 29 2024, 01:04 AM)
Dang, Who got ball to buy SMCI will be rich.

Account fraud might be dip or nothing.
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Wow.. -22% puke.gif

Delay filing and short sellers dream... no wonder get roasted.



danmooncake
post Aug 29 2024, 11:50 PM

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QUOTE(ozak @ Aug 29 2024, 10:50 PM)
Last week already seeing unusual large amount people pile up shorting below 130. A whole week cannot pass the 130.

Already suspect somebody knows something before the earnings. It looks like these people are winning.

Need to see another few days where the price go.
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Well, NVDA did have stellar earnings last quarter but the expectations so high, nobody really knows what's going happen until it reported. The financial media just nick
picking trying to find flaw on why it didn't rise when it should. Eg. maybe delay on Blackwell chips, wtf.. not even release yet, they're speculating in potential sales for next Q.
doh.gif


Also, it is difficult to play a single stock game, luckily, it didn't have much impact on the major indexes.
Now, it's off the races again for the major indexes.. thumbup.gif
danmooncake
post Sep 3 2024, 10:30 PM

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It's September... the bears are out again! biggrin.gif
danmooncake
post Sep 3 2024, 10:48 PM

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QUOTE(ozak @ Sep 3 2024, 10:41 PM)
Ya, people said, sept is the bearish month of the yrs.

And it start today.
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Yup, watching for bargain sale opportunity.
We got major job report this week and also, let see how "price in" this rate cut going to be in 2 weeks time.

If the job market is "stellar" and inflation ticks up again in next data release, I think
Powell and gang will say... sorry-lah, 1 cut only for this year. tongue.gif

10-15% dive again. laugh.gif



danmooncake
post Sep 4 2024, 02:51 AM

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The bears are strong tonight... general market -2%, Nasdaq lost 3%.

NVDA being punished as if last Q results do not matter. mega_shok.gif
Maybe want to revisit 90s again.

This post has been edited by danmooncake: Sep 4 2024, 02:52 AM
danmooncake
post Sep 4 2024, 11:33 AM

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QUOTE(gashout @ Sep 4 2024, 04:48 AM)
My friend waiting for a 50% drop in qqq then he says he will go all in.

Probably another round of confirmation bias and wait and see moment.
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IMO, better to scale in.. sometimes waiting for this is almost like missed opportunity.

-10% (we had this on Aug 5th for the Qs)
-20%
-30%
-40%
-50% (so rare... almost like major catastrophe, eg. financial crisis of 2008)

If market really drops 50%, it will take 100% to regain back to last level.

danmooncake
post Sep 4 2024, 10:26 PM

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QUOTE(gashout @ Sep 4 2024, 11:58 AM)
he bought vxx, up 14%, very happy, sent me two screenshots in 12 hrs...  doh.gif
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Bear in mind, VXX is not investment vehicle, just for trading in and out quickly to take advantage of the "fear" gauge.
Over time, this thing decays. brows.gif

danmooncake
post Sep 5 2024, 03:59 AM

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QUOTE(engineer @ Sep 4 2024, 10:50 PM)
wow... SMCI CRWD are real bummer. I would average down if am you. But I don't own both of them.
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SMCI... too dangerous. Anything kind of stuff related to accounting, this huge red flag.
Their delay report does not help. This is not the first time they had accounting issues,
already got fined by SEC when they did this.

I know some people think SMCI is AI play.. so does Dell, HP, Lenovo and other computer servers makers.
Gotta be careful here. sweat.gif
danmooncake
post Sep 6 2024, 10:55 PM

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Semi fell because AVGO, now jobs numbers grew less than expected despite UE number is lower at 4.2%.

Bad news is bad news this time.

Fed going to cut in 2 weeks time.

>40% chance, market wants 50bps. If they didn't see it, most likely sell again.

Hang tight folks, going to be rough Sept. sweat.gif




danmooncake
post Sep 10 2024, 12:24 AM

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QUOTE(RiriRuruRara @ Sep 8 2024, 02:09 PM)
Anyone in nvidia? Wta what's your average? I went in at 120 around the earning time when many major banks were giving it price target upgrade and many financial expert were saying all good things. Few days later now down more than 15%, WTF???
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That's what the big hedge funds are doing. They're selling into the retailers who's willing to buy at their earnings peak.

NVDA is one of the magnificent darling but even at this level (100-110), with trailing PE around 50 here, and fwd PE 40 is still too rich for me.

I will continue to treat this stock (option) as trading vehicle for now because it's weekly premiums are high.
Hopefully, we can see 80-90 price level (Aug 5 price) for some extra juicy premiums., but, I'm not going to own this stock.

Besides, the other major indexes like Qs, SMHs, etc already own NVDA.
danmooncake
post Sep 10 2024, 12:26 AM

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QUOTE(kembayang @ Sep 9 2024, 05:36 PM)
So target SQQQ for this month?
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All waiting for Powell decision by next week.

25bps or 50bps? biggrin.gif


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