All things STOCKS

[Jax_Vol]

It looks like it might just sail on smooth waters to close. Easy short though to fill that 7.40’s gap

Amazing...you were right. Can you tell that by studying/charting Level 3?

I may not trust my Level 3 enough..

 

[Jax_Vol]

MU earnings tonight. earnings generally seems to create a big dive for everything. I am a bit overweight in MU now.

Don't know the pre-guidance from last month, but first skim of report looks bad,

 

[Jax_Vol]

Micron Technology, Inc.
Wed, December 21, 2022 at 3:02 PM CST

Micron Technology, Inc.
Micron navigates industry conditions with supply cuts and expense reductions
BOISE, Idaho, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced results for its first quarter of fiscal 2023, which ended December 1, 2022.
Fiscal Q1 2023 highlights

• Revenue of $4.09 billion versus $6.64 billion for the prior quarter and $7.69 billion for the same period last year
• GAAP net loss of $195 million, or $0.18 per diluted share
• Non-GAAP net loss of $39 million, or $0.04 per diluted share
• Operating cash flow of $943 million versus $3.78 billion for the prior quarter and $3.94 billion for the same period last year

“Micron delivered fiscal first quarter revenue and EPS within guidance ranges despite challenging conditions during the quarter,” said Micron Technology President and CEO Sanjay Mehrotra. “Micron’s strong technology, manufacturing and financial position put us on solid footing to navigate the near-term environment, and we are taking decisive actions to cut our supply and expenses. We expect improving customer inventories to enable higher revenue in the fiscal second half, and to deliver strong profitability once we get past this downturn.”

 

[VolAllen]

That’s quite a dump….

 

[VolAllen]

Short KMX?

 

[Jax_Vol]

Short KMX?

No clue really.

But, the wild wild guess....CarMax isn't be going up tomorrow post-earnings.

 

[Velo Vol]

The number of cars heading into Nashville yesterday was way lower than normal.

There was an abundance of vehicles on Knox County roadways today.

 

[Jax_Vol]

There was an abundance of vehicles on Knox County roadways today.

Hmmmm...more trading than I expected

 

[Go aeiou]

There was an abundance of vehicles on Knox County roadways today.

Seems people are leaving a day or at least 1/2 day early to avoid the very cold weather and snow, especially if headed north.
And of course All bread and milk in the grocery stores must be bought.

 

[VolAllen]

I carried 200 Spy overnight. I think we’re green for at least half the day tomorrow

 

[VolAllen]

I should have shorted Kmx

 

[mrorange211]

Yeah, but you can't get all of them. Hindsight is 20/20. I'm still pissed that I was smart enough to short LULU two weeks ago with all the obvious data. But it wasn't so obvious then...

 

[Velo Vol]

I should have shorted Kmx

*AMC

 

[Go aeiou]

*AMC

down about 20% premarket

 

[Velo Vol]

Just noticing that AZO is your used car trade.

 

[Jax_Vol]

I should have shorted Kmx

yup

 

[Firebirdparts]

Could have shorted anything today.

 

[Jax_Vol]

Yeah, but you can't get all of them. Hindsight is 20/20. I'm still pissed that I was smart enough to short LULU two weeks ago with all the obvious data. But it wasn't so obvious then...

That was a tuff one. My nieces absolutely love LULU. I'm still puzzled why they have so much inventory. Thought it was all in a bunch of their closets.

 

[Jax_Vol]

Could have shorted anything today.

For sure.

If today looks like this, what is tomorrow going to look like?

Is the massive freeze hitting NYC and Chicago?

If so, we need to put the wood to the shorts here. We may have serious power outages at 0-10 degrees.

 

[mrorange211]

My CAT and QQQ puts are printing today. I bought into a few more puts yesterday so my average is down. Looking good so far.

 

[Velo Vol]

 

[Velo Vol]

A month from now $83.33 TSLA puts cost more than $1.

 

[Jax_Vol]

If you like Carnival, or Telsa, we got some sales on-going.


I wrote myself a post-it note about not trying to catch a falling knife.


If I was going to hold one of the two thru 2023, think I might lean toward Carnival. Elon has lost a lot of friends over past eight weeks,

 

[mrorange211]

A month from now $83.33 TSLA puts cost more than $1.

View attachment 525866

B/c it's going to sub-$50

 

[Thunder Good-Oil]

TSLA 221230 P 115
Day order to sell placed