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#15,377
#15,377
Not sure how many charts in here, but NVDA in a weekly head and shoulder pattern. This is heading to the $350 area.
 

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#15,379
#15,379
The 2/y 10/y are close to un-inverting, which is normally a quite bad signal, although it usually happens because the 2y is dropping (Fed rate cuts), rather than 10y rising.

Another post-Covid weirdness.
 
#15,381
#15,381
Pretty crappy returns for a couple of months. But maybe the bottom has mostly been made. The p/e multiples are still pretty high, but year-over-year earnings comps won’t be too difficult to deal with for a while. Plus election years are usually good for investors.

But - $30 trillion plus of national debt. Interest on the debt is close to defense spending. There aren’t enough workers and unions are making big demands. UPS especially got obliterated after making their new deal with their drivers.

We could sure use better political leaders instead of all of the partisan fighting. Elected officials with an agenda of doing what is best for the American people would be great. MAGA, the slogan, shouldn’t be something that Dems use to be critical of the Right. Both sides are putting their parties ahead of the country’s best interests.

It’s hard to get equities moving when it isn’t hard to earn north of 5% by owning debt with the low risk. I did see something encouraging - something like two-thirds of the 35+/- year olds invest in stocks/equities.
 
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#15,384
#15,384
NVDA flirting with $500 after the CPI announcement this morning. Earnings call in a week, could set up for a fast run in the next few days.
 
#15,385
#15,385
Majors said:
NVDA flirting with $500 after the CPI announcement this morning. Earnings call in a week, could set up for a fast run in the next few days.
Click to expand...

Earnings will be out after close next Tuesday.

I didn’t realize that it had run back up so much. I have it on my list of hold and forget about stocks. Same as AAPL, LMT, and HD.
 
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#15,386
#15,386
Question for the group? I have some cash after selling out from NVDA. Yes I am with you Orange, I thought it was heading down.

What does everyone think about getting back into SAVE? Playing the 20% game....it used to be like clockwork. Pick up 15%-19% sell and then wait for it to drop 25% and then pick up 15%-19% again. If I waited until it got to 20%, it never would...

I know the anti-trust suit woth Jblu is holding them down, but do we think they get back to the mid teens again and go up and down???
 
#15,387
#15,387
LIvol said:
Question for the group? I have some cash after selling out from NVDA. Yes I am with you Orange, I thought it was heading down.

What does everyone think about getting back into SAVE? Playing the 20% game....it used to be like clockwork. Pick up 15%-19% sell and then wait for it to drop 25% and then pick up 15%-19% again. If I waited until it got to 20%, it never would...

I know the anti-trust suit woth Jblu is holding them down, but do we think they get back to the mid teens again and go up and down???
Click to expand...

Something weird is happening with SAVE. The buyout price is way above where it’s fallen. JetBlue is still paying the $0.10/month ticking fee.

I have no idea why SAVE shares are trading under $10 when the buyout is supposed to close next year for about $30 cash. JetBlue keeps talking like they expect the buyout to happen and they hired a very good anti-trust law firm a year or 2 ago to challenge Biden’s lawsuit.

Even if the buyout fails, Spirit will get a substantial fee for the deal not closing.

I sure wouldn’t bet the farm on shares going back up. The Wall Street insiders seem to know something that isn’t being shared with retail investors.
 
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#15,388
#15,388
The ticking fee is now over 12%. It sure seems to me that Spirit can’t go lower unless they and JetBlue are on a path to bankruptcy. It’s all very strange. It’s also ridiculous that the government is going after them when combined they will still be tiny compared to Delta, United, and American.
 
#15,389
#15,389
Spirit’s market cap is now under a billion.

They are losing almost $5/share (as a $9.25/share stock), but I don’t see how that is all that relevant when JetBlue has inked the deal to pay around $30.
 
#15,390
#15,390
Thunder Good-Oil said:
The ticking fee is now over 12%. It sure seems to me that Spirit can’t go lower unless they and JetBlue are on a path to bankruptcy. It’s all very strange. It’s also ridiculous that the government is going after them when combined they will still be tiny compared to Delta, United, and American.
Click to expand...
It's Airlines. Worst run industry in the US?
 
#15,398
#15,398
Warren Buffett just purchased 8 million dollars of shares in BATRA, which is the Atlanta Braves Holding Company and currently is selling for $36.38 a share.

As a Braves fan, this is terrific news.
 
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