$SpaceX(SPCX)$ About a year or so ago, some random Chinese company claimed they could train and build AI compute at 1/100 of the cost of NVDA, and NVDA dropped around 8% in one day. Then it was back to business as usual, and that 8% was recovered within a week. Feels like the same kind of thing is happening here. A bounce back to $140 by the end of next week looks pretty easy from where I stand.
$SK hynix(SKHY)$ I said November would be an adventure. The truth is this selloff is overblown, comparable to liberation day. The window for bargain prices is narrower than it looks, and there will be a snap up. Fundamentals haven't changed. Even with existing demand, SKHY is virtually at total capacity through 29.
$SK hynix(SKHY)$ Coherent is surging after hours, up 8% on earnings, driven by strong AI demand. Memory demand and pricing should stay firm. SKHY looks like it has found its floor.
$SpaceX(SPCX)$ Better to sell now? I don't think so. We're not going to abandon space exploration. It's a long term hold. Big money down the line, I think. Building a position.
$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ Looks like it could break above $100 a share by the end of next week, and then push past $200 come December. The long-lost chip correction has finally started.
$SpaceX(SPCX)$ Elon's Boost Mobile plans show he's usually ten steps ahead of what the public perceives or knows. He's playing 3D chess while the financial experts are playing checkers. He's already figured out a plan regardless of what the big 3 phone carriers say. It's going to happen, and the world will be stunned at the speed he turns a dream into reality.
$SK hynix(SKHY)$ is making a serious comeback. After falling from $195 to the low $130s, price has ripped back to $164 and reclaimed VWAP. It's now trading 1.3 standard deviations above VWAP, even as the average itself keeps declining. Strong recovery, but $160 needs to hold for this move to look sustainable.
$Moderna, Inc.(MRNA)$ Everything I've picked up about the stock market and trading around volume weighted average price (VWAP) shows up almost every day on this stock. It rolls over through the VWAP for about six or seven, which makes for a great short, but then you have to recognize that this stock doesn't want to stay down. Most stocks don't, since we're in a market that's rigged to only go up. So you know you're eventually going to have to cover and go long. It helps to know where that eventual cover and go-long price sits. That's why I only trade VWAP and pivot points.