The Investment Thread (7 Viewers)

[St. Geezy]

 

[bclemms]

Or it could simply be a market maker under duress needing to liquidate a large portion of their most heavy and profitable positions.

Of note - Netflix's largest stakeholder is The Citadel.

I mean, it was one of the worst earning reports and guidance I've seen from a tech stock in years on a stock that is considered a high valuation growth stock and one of the most crowded plays in the market. That's a really terrible combination. Netflix will be lucky if the fall stops at $200.

 

[St. Geezy]

I mean, it was one of the worst earning reports and guidance I've seen from a tech stock in years on a stock that is considered a high evaluation growth stock and one of the most crowded plays in the market. That's a really terrible combination. Netflix will be lucky if the fall stops at $200.

Fair assessment, but I am under the belief this is an intentional accumulation effort. It'll magically recover quickly.

 

[Turfie]

SPY Green when 8 out of the 10 largest companies by market cap are red is quite something. And that doesn’t include Netflix.

Meanwhile hedges are submitting a new rule proposal to help them kick FTDs now the road. The SEC has rejected very similar proposals twice last year.

 

[St. Geezy]

A little birdy just told me to load up on AAPL, fyi. Short term.

I know they have earnings next week. Didn't get much detail, but the person I got it from has given me three tips in the past that I didn't take him up on, and a massive run followed.

Literally within seconds of him giving me that info, at around 12:45, a big spike started.

 

[St. Geezy]

For what it's worth...

Rumors State Apple May Have Already Concluded NFL Deal Behind Closed Doors

Recent reports indicate that Apple may have already acquired the rights to NFL's Sunday Ticket, bringing games to Apple TV+.

www.macobserver.com

 

[St. Geezy]

Rite Aid had a strong 11% day today.

 

[Turfie]

Rite Aid had a strong 11% day today.

And a massive massive candle in there

 

[Turfie]

Yep. It’s a joke. No cell. No sell.

 

[bclemms]

AAL up 10% in premarket again today pushing my calls deep in the money (don't expire until 5/20), depending where it is on the run I may actually excercise should have a lot of leg left coming into summer.. Still waiting for ERJ to have it's "moment" but it's coming.

 

[Turfie]

Probably should have waited a bit more on BBBY. My CB is 16.97. I thought the gap down was around 16-17. But it might be that lower leg to 13-14.

Tons of bearish articles on it right now. Supply chain issues. Store closures. It’s been red for 12 straight days (longest in BBBY history) and looking like 13 red days in a row after today.

 

[St. Geezy]

A little birdy just told me to load up on AAPL, fyi. Short term.

I know they have earnings next week. Didn't get much detail, but the person I got it from has given me three tips in the past that I didn't take him up on, and a massive run followed.

Literally within seconds of him giving me that info, at around 12:45, a big spike started.

Up 350% on my calls and sold half of 'em.

 

[St. Geezy]

Probably should have waited a bit more on BBBY. My CB is 16.97. I thought the gap down was around 16-17. But it might be that lower leg to 13-14.

Tons of bearish articles on it right now. Supply chain issues. Store closures. It’s been red for 12 straight days (longest in BBBY history) and looking like 13 red days in a row after today.

I think all these so called "mEME sTOCKS" are going to flat-line here for the next 3 weeks or so. They'll get the typical early week run to sucker people into buying weeklies, then slowly bleed the rest of the week.

That won't change until we are closer to the quarterly options expiry 06/17. It'll run leading up to that day, starting as early as late May, or if they do what they did last time and wait until the very last day to do their rollover, it'll run on the T-2 settlement date of that date at the very latest.

 

[St. Geezy]

My favorite deal on the market right now - SOFI $10 calls for 05/27 at $0.09 per, and if you want to go more conservative, 06/17 $9 calls for $0.26 per. Wouldn't hold until expiry, but those *should* net a nice profit at some point between now and then.

This thing was just at $12 a three weeks ago (intraday), has 100% short utilization, has earnings coming up 05/10 and ran into earnings last go-around, and the current price drop is indicative of an accumulation attempt, in my opinion.

Not financial advice; please do your own DD.

 

[Turfie]

I think all these so called "mEME sTOCKS" are going to flat-line here for the next 3 weeks or so. They'll get the typical early week run to sucker people into buying weeklies, then slowly bleed the rest of the week.

That won't change until we are closer to the quarterly options expiry 06/17. It'll run leading up to that day, starting as early as late May, or if they do what they did last time and wait until the very last day to do their rollover, it'll run on the T-2 settlement date of that date at the very latest.

I think that late-May to June run up will be great. That said, there are a lot of Elliott Wave TA believers that think we will have a mini boom soon and then a hard dip shortly there after.

For GME they think it’s $213 then a crash to 100. Then sideways until June.