Silicon is the New Oil

[HK2]

@hanera

As per trade agreement, Renminbi becomes stronger than Dollar.

And you claim is because

When this deal was negotiated US was largest trading partner of EU.
Now China is biggest trading partner of EU.
I am referring to vast spending by China related to EU and Russia. This scale of spending is interconnecting Europe and China that never happened before and gave confidence to EU to vastly spend more on digital soverignity projects. It accelerating the trend that would not have been possible otherwise. Railway data is coming in few days. A pleasant surprise for people living in 7X7.

This Chinese wealth Spending is not weakening Yuan but US is facing shortage of laptops/Appliances and inflation.

New research shows European startups are spending drastically less on a US...

Russia’s Siberian Waters See Record Ship Traffic as Ice Melt Accelerates - WSJ
Container ships and general cargo vessel operators also have used the route to move goods between Asia and Europe as it cuts an average 10 days of sailing time compared with the standard route through the Suez Canal.

Freight transport on the NSR is at its highest from July to November. Some sailings also take place in the rest of the year, and the Russian government expects largely ice-free year-round trips starting in 2024.

[Elt1]

Who cares? Nobody buying planes during covid19

However I do agree that Russia is the biggest beneficiary from global warming

[HK2]

@Elt1

Who cares? Nobody buying planes during covid19

It is not about Planes. You are not paying attention to discussion.

EU planning tougher regulation for 'hit list' of big tech firms - FT

However I do agree that Russia is the biggest beneficiary from global warming

yup they can afford a theme park like Disneyland.

Europe's first Hello Kitty Beauty Salon opens at Dream Island theme park

[HK2]

what kind of message it sent to competitors?

Wisconsin says Foxconn's scaled-back factory won't get tax credits

[hanera]

It seems first target was hit AH and 2mrw would likely dive down on open. This is not good, the corrective wave is wave two (generic label). My long calls are going to be crushed Can we call it foul?

Edit:
Market open hits the first target Profit-taking now

@hanera

Might profit-take 1000 shares around $52-$53 (never wrong to take profit?), and let profit of the remaining 1000 shares run till $60 (@erth take note).

[Jil]

@hanera

It seems first target was hit AH and 2mrw would likely dive down on open. This is not good, the corrective wave is wave two (generic label). My long calls are going to be crushed Can we call it foul?
Edit:
Market open hits the first target Profit-taking now

This is not good => Why is this not good?

[hanera]

@Jil

This is not good => Why is this not good?

First target is estimated at $52-$53. Thought it was completed AH and open dive down to $48-$50. However, it didn’t complete AH and in fact charge up to $52.75 upon market open, now in corrective wave. So is good now

I have closed all long calls and sell some shares. At present, monitoring the corrective wave, with an aim to buy back some shares and long some calls. I expect retrace to ~$50.

[Jil]

@hanera

Now in corrective wave. So is good now. Monitoring the corrective wave, with an aim to buy back some shares and long some calls.

This is just healthy pull back, good time to by around 12-1 PST (deep value down in between) !

Is this wave 3 (strong bull wave) of EW?

[hanera]

@Jil

Is this wave 3 (strong bull wave) of EW?

Yes, in wave iii but now in wave iii.(2), not yet wave (3) of wave iii yet. I believe wave (2) is not completed yet and likely to be completed around $50.

My plan is to long calls when it is around $50

[Jil]

@hanera

Yes, in wave iii but now in wave iii.(2), not yet wave (3) of wave iii yet.

I do not know EW, but this is earning season recovery, goes up long enough one more month (guessing).

[HK2]

ASML staying positive for long term growth. Europe is so desperate to Chinese parts and markets that Denmark logistics are now adding Truck routes without waiting for proper road network.

ASML Stays Positive Despite Being Caught by U.S., China Rift

DSV adds China-Europe trucking route as air, ocean alternative

[hanera]

@Jil

Is this wave 3 (strong bull wave) of EW?

@hanera

Yes, in wave iii but now in wave iii.(2), not yet wave (3) of wave iii yet. I believe wave (2) is not completed yet and likely to be completed around $50.

Finally in wave (3) of wave iii

@hanera

My plan is to long calls when it is around $50

BTO 20 calls. Now holding 2000 shares and 20 calls. Ride the wave

[manch]

AMD, Nvidia and TSMC have much more obvious advantages. While demand for memory and storage may be in a secular bullish trend, I never fully understand the competition dynamics of MU and its two Korean rivals.

[hanera]

@manch

… I never fully understand the competition dynamics of MU and its two Korean rivals.

Neither do I. I trade EWT. Why MU over AMD, NVDA or TSMC? Started off with MU, no sophisticated nor noble reason.

[Elt1]

I don’t understand the obsession with MU. The stock price trust bounces around. Should have sold 2 years ago

[hanera]

@Elt1

The stock price just bounces around.

= Must trade it. Can’t own it like AAPL or NVDA that go straight up.

[Elt1]

Seems tedious mundane and pointless. Like playing baseball just to hit singles and then striking out most of the time.

[hanera]

@manch

While demand for memory and storage may be in a secular bullish trend…

Micron Stock Reaching an Inflection Point; Analyst Says ‘Buy’

The renewed optimism has resulted in an upgrade to Ho’s rating which moves from Hold to Buy. The price target gets a bump, too, and shifts from $51 to $60, which implies a 16% upside from current levels.

@manch

AMD, Nvidia and TSMC have much more obvious advantages.

Actually I do trade them indirectly through SOXL. But have reduced exposure to 100 shares because of the bearish divergence Making less money is better than losing big money.

Daily chart of SOXL,

Even though I had slept for two months, YTD of the semi (trading) portfolio is decent, 48% higher than QQQ.

Chart showing YTD of QQQ and S&P 500.

Composition of SOXL,

Edit Oct 19:

Semi (trading) portfolio hits a new ATH

Profit take: Now 1000 shares and 10 calls

[hanera]

Intel’s Sale Of Nand Memory Chip Unit Called Good News For Industry

@hanera

BTO 20 calls. Now holding 2000 shares and 20 calls. Ride the wave

Left with 500 shares and 10 calls. Profit take

Last year, return of this portfolio is 51%, pass it now Can move to mostly cash and rest. Time to take care of the other portfolio.

[HK2]

Isnt it related to Intel Folsom compus?. this could potential reduce head count Sacramento area.