Silicon is the New Oil


#164

My wash period is over so I looked at NVDA’s chart. It looks pretty weak to me still. Will wait for it to break out from the multiple tops around 165 or so.


#165

@manch sell or add?


#166

Triggered my stop. Sold all. Will look for an entry point to get back in.


#167

Technically I noted that it might decline to $36 when it was trading around $42s, so I sold all shares and short term calls, left with L20 calls. Waiting for it to drop to $36 to short puts, if lower rebuild shares position :grinning: my plan is purely technical driven. Do you see any fundamental reason not to buy now?


#168

Expectation is that chip prices will firm up in 2H. People were trying to front run it.


#170

MU: Earning announcement Mar 20. Unless the unexpected (Trump walk away from China to negotiate for a better deal exploiting the fast deceleration of China economy and deterioration of Xi reputation) occurred, believe MU should roar to a new ATH before year end. Meanwhile hopefully no surprise on Mar 20.


#171

Aggressive investors always frontrun :joy: and get slaughtered.

37%20AM


#172

I had some intuition that market likely dip, but never knew that it is so much perfect from the day I posted Jim Cramer challenge !

I may not be right always, but lucky to be right on 12/24 and 9 days before when I said “Remember my old statement Market turning point is 2790 to 2815 and is unlikely reach 2850 (S&P) in next 30 days”

So far, I shorted the market buying PUTs on the day challenged Jim Cramer and that is why I did not buy TSLA even though price is attractive.

I did not like to post about my puts or any purchases as I do not want to people to follow me as I may not be right always


#173

@Jil

Right thread? This is about semis. Also no quote from past post means no context.


#174

9 days before, I posted the challenge here only.

Jim_2


#175

I ignore that post because it is off topic, should have posted in s&p and nasdaq thread.


#176

The challenge was against Jim Cramer , but not about S&P.


#177

While talking to @Jil MU bounced up strongly without touching $36 :cry: My GTC BTO calls didn’t get triggered, obviously :dart: purchase price is too low. Hopefully better luck Monday. I don’t share @jil bearish view, MU price behavior is bullish, refer to chart posted 1 days ago.


#178

#179

• Nvidia (NASDAQ:NVDA) is nearing a deal to acquire Mellanox (NASDAQ:MLNX) for more than $7B, according to Bloomberg and CNBC sources.

• The sale could be announced as soon as tomorrow and Nvidia is the leading bidder of a pack that also includes Intel (NASDAQ:INTC).

• Mellanox has a market value of about $5.9B.

• Why Nvidia? Mellanox chips power high-speed networks connecting servers and would help Nvidia boost its chipmaking for data centers at a financially vulnerable time thanks to China weakness and the cryptocurrency mining bubble burst.

• Also benefitting: Activist investor Starboard Value, which is a Mellanox shareholder and last year reached a board member agreement with the company.


#181

Trade options :slight_smile:
In 6 calendar days (4 trading days), $1657 became $3953. Gain 139%. Easily afford an iPhone XSmax :slight_smile:

For the same period, option trading portfolio +12% :wink: About 600% a year. Wasn’t even aggressive.

Bought?

23%20PM


#182

Yup. Bought. Back into amd as well. WS is still badmouthing micron. The latest is Wells Fargo.


#183

NVDA broke above the cloud >> in up trend. However, I don’t like the decreasing volume so I STC the calls as they can quickly become worthless :slight_smile:


#184

#185