quote:Originally posted by Happy Valley: CLF...Hammer forming on the daily. Share price is beyond absurd at this point. Anybody still short here @ $ 7.50's deserves what is coming. jmo
Flagging on the 5 minute...$8.05 lights it jmo
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IWM $106.20's...Nice divergence over the last hour or so, SPY and Q's making new lows while IWM selling seems to be slowing. If the bots bounce the indexes here, IWM will romp...jmo.
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IWM $106.30's...Green and leading the indexes by a wide margin, same type of divergence I spotted yesterday aternoon. If algos let off the pedal on SPY selling, IWM turns ripper...JMO
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CREE $27.40's on a horrible Q...What a dumpster fire this stock has become. RSI approaching 20 on the daily, could get an oversold DCB from here...Watching for now
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CREE $28.60's...Bouncing as expected. Hopefully somebody caught the tripler the $28's served up today, I never pulled the trigger on them yesterday...
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quote:Originally posted by Happy Valley: BABA @ $87's, holding up well in this trash tape...Almost trades like there are not enough shares to go around...No position yet but if we get a eoy rally, this will be one of the horses that leads it...JMO
$97's...Wait til the index additions start hitting and funds are forced to buy, regardless of price. This goes higher than most think jmo
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BABA is now worth more than WMT, GE & JPM and has a higher market cap than Dow components AXP, BA & CAT combined... FWIW...One of the most valuable lessons I ever learned (via CRM, numerous times lol) is valuation means absolutely nothing in this momo stock, algo driven market. Sometimes you have to turn your brain off and just follow the money...Tutes will squeeze every penny they can out of these absurdly overpriced, bloated "growth" pigs before they pull the plug...
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