BITB has hit the 8 week hold rule.
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$ALAB breaking above recent highs and the nice round number of $100 pre-hours after NVDA did ok on earnings. This is where I was looking to add.
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$PHM looks like a good swing trade for me. All housing doing well today, is it because of new Treasury pick? Not sure, but something is pushing them up. This is just above 50dma today and that would be the ideal stop loss if it falls below
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$PHM My tight stop-loss below 50dma triggered next day and I sold at a 1.4% loss. I am happy with that even though the stop was tight. It bounced up strong off the 21dma to over the 50dma, so my expectations were that it was now strong and would not go below. My expectations were broken, bye, bye. Still below 50dma today, while market is up.
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What do we think about SMCI? It seems everything has been cleared up and we should be back to normal. Big move today above recent highs of $38 (lower magenta line) Webby might say there is now a magnet to the old trading range of $50 and breaking above that would be a sign of strength. PE is now 15. That is amazingly cheap if old EPS and Revs are still intact. Volume is +254% above avg, that is not you and me trading, that is the big boys getting back in.
Buying today would probably mean a stop loss below the $38 level, which is a good 10%.
I feel like I am talking myself into a small position at the end of the day.
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I bought a little SMCI, will add more in right places. $CRDO just gave me room to gamble, very lucky with earnings. Related to AI datacenters.
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Well Done Pete. Up over 40% today. That is a home run.
Yup, got lucky.
I sold my $CRDO today. It blew out earnings last night and was up a ton to about $63 after hours. I decided if it popped another 10% above that I would sell, so set my limit to $69.91 and it hit while I was out this morning. It is still holding very strong, and might have a couple more up days. I could have sold 50% and held out, but I am happy and looking for a good re-entry point, possible short stroke or HTF.
I will probably gamble with some of that money and buy IOT before earnings. It is 100% gamble, but I love the company and their prospects with IOT stuff feeding AI algos to make things more efficient.
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$APP was up 46% on its breakout day and it just kept going. It did build a nice shelf after day 2 and Andy bought or added off that. Maybe we will get the chance on CRDO.
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I was in on 9/11 and added on 11/18 as it cleared the shelf.
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