Texaguser17 said:

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Any opinions on TPL? PE ratio is high but it has water rights. Been looking for water right exposure and it's the only one that really comes up.

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You could also look at WaterBridge (WBI).

MRAM just keeps on moving. I like where QCOM is. Got out of INOD at 25% I just need IREN to do something.

I'm up 23% overall. Not a bad first couple of weeks.

CRM may be getting ready to bounce nicely here.

Did you get in on MRAM last week?

If so, you should probably sell, dude. You're up 51% on the day. You got incredibly lucky. Do not tempt fate.

PDEMDHC said:

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Agree on the 27,800. The one I'm using is more "short term one". Guessing we will blow through it once the war is officially over. I think the one you mention is something we test later this year.

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Yeah that's a reasonable take. I could see the next week or so being akin to 4/17 - 4/29 where we go sideways to slightly up before hitting that next leg to the last remaining trend line.

I've got it set to sell at $42, but I might not wait for that much longer haha.

And there it is! Yay!

flashplayer said:

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PDEMDHC said:

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I'm guessing highest Nasdaq can go today is around 26,350 give or take. We are at the ceiling of that multi year trend line. Going to check in on that later. Got into SOXS for a very short term play at the top and paid well. Just exited for a nice profit.

If I was a betting man, I'd let Nasdaq stay red or go even lower today, and then Taco Tuesday Trump edition that the war is over to burst through that trend line.

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27,800 is the next overhead trend line I see. What dates are you seeing this trend line last hit that you are seeing?

The only other one I can make by manipulating the lines, but in a way that fudges the rules a little bit, sits at 26,860 or so.

edit - nevermind, I see what you're seeing now. The 10/29/25 and 12/16/24 line. I don't think that's as strong of a line since it only has 2 touches and then a bunch of breaks before that first touch.

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I will come back and tip my hat to you sir. It hit your target nearly on the nose and dove almost 250 points immediately.

Double dipping back into CRWV and NOW with my profits from this morning.

Brian Earl Spilner said:

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Double dipping back into CRWV and NOW with my profits from this morning.

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I admire your masterful scalping of NOW - at least I am assuming you are doing a lot of scalping on its now pretty reliable back and forth moves between 89-94.

I don't have the stones to risk missing the jump from 94 to the high 90s or mid 10_s, so I keep sitting on it and waiting.

Obviously I am regretting not riding the seesaw because I could have already booked that level of a gain, but I am holding out hoping for a long rally in it.

What in the heck happened to PSIX 45?min ago? 22% swing intraday. Earnings are after the bell, but I don't think it's because of that. Any opinions?

Yep, have bought and sold this range about 3-4 times now.

Been nice steady income for me this month.

MU calls are a free ATM machine

no kidding...this rip is amazing...100% in a month...added 1/2 trillion market cap...parabolic chart like many in semis

RKLB up around 16%. Too late to add more.

Nasdaq may drop down to 26210 range before a positive reversal. Waiting to see if it makes it to the trend line to jump into TQQQ. If this doesn't hold, we may see a larger sell off at close.

Edit appears buyers jumped in now haha.

Brian Earl Spilner said:

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Yep, have bought and sold this range about 3-4 times now.

Been nice steady income for me this month.

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Are you killing it on SLV?

What range buy? 89-90? Sell? 94?

aggies4life said:

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What range buy? 89-90? Sell? 94?

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Buys: 86-89

Sells: 93-94

This latest buy was at 91. I have been steadily moving my buys up as it's been making higher lows each time.

Also have a chunk in my brokerage that I don't intend on swing trading. Probably holding that until 108+ at minimum.

TTUArmy said:

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Brian Earl Spilner said:

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Yep, have bought and sold this range about 3-4 times now.

Been nice steady income for me this month.

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Are you killing it on SLV?

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Unfortunately took profits at 70, regretting that now.

But YTD? Has been one of my most profitable tickers for sure. In fact I'm fairly sure it's my top non-leveraged ticker this year.

MSFT with some nice candles. Maybe even a green finish?

WING continues to get its feathers plucked daily. New 52L every day.

Holy fade on IREN

Feels like there is way too much retail piled in to IREN. The institutions are going to play some dirty games on this one.

El Chupacabra said:

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WING continues to get its feathers plucked daily. New 52L every day.

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I got out for the drop from 141-ish to 129-ish, but then got back in. It's coming up on a point where a trend line that has twice marked a bottom is about to intersect with the bottom of one of the largest volume support areas going back on the chart in 8 years if this thing slowly trickles down to about $120. It is also where the more current channel's bottom trend line is about to intersect those two, so it is probably due a decent move in either direction here if it doesn't just decide to dance in the low 120s forever. If it falls through that it will probably be ugly (like $100 or less). But if it stops at or near 120 and then starts trending back up, it probably goes at least halfway to $200 before taking a breather, but could go all the way to $200 before taking a break.

I know, stock could go up or down, but I am betting on the up and planning to stop out if we drop to 117 or so, but even then will keep a sharp eye on it for a reversal.

Q's with it's highest RSI since Jan. 2018...something has to give soon...

Gaeilge said:

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Holy fade on IREN

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Quote:

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JPMorgan raised its price target for IREN to $46 amid concerns about the sustainability of its $3.4 billion NVIDIA deal. IREN's recent announcement of a $2 billion convertible notes offering has caused its shares to decline, reflecting investor caution about the company's transition from bitcoin mining to AI cloud services.

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$46? It's at $56 now.

That is bank speak for overbought.

Woodshed time for PSIX

At literally 2:57 pm I had an impulse to sell about 30% of my HIMS knowing that no matter what earnings showed, there earnings so often seem to push a stock red. Wish I had sold more but at least I did trim that 30% or so at a + 37% profit. Better than taking it on the chin completely tomorrow.

ryanhnc10 said:

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Woodshed time for PSIX

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Grabbed 100 shares at 36.95 just for funsies.

ryanhnc10 said:

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Woodshed time for PSIX

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Didn't like today so cashed out this afternoon. Looks like I got lucky. Made a whopping 5% on this lot. Luckily sold the majority I had over the last few weeks.

We’re bringing back semiconductor manufacturing. pic.twitter.com/klHNNNXikT

— Howard Lutnick (@howardlutnick) May 12, 2026

EnronAg said:

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Q's with it's highest RSI since Jan. 2018...something has to give soon...

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I posted something on Friday about that. It's basically all the way back to 1/3/2020 to find this exact runup. Right before the start of the pop a few months later. RSI was 86 I think at that point

flashplayer said:

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flashplayer said:

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PDEMDHC said:

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I'm guessing highest Nasdaq can go today is around 26,350 give or take. We are at the ceiling of that multi year trend line. Going to check in on that later. Got into SOXS for a very short term play at the top and paid well. Just exited for a nice profit.

If I was a betting man, I'd let Nasdaq stay red or go even lower today, and then Taco Tuesday Trump edition that the war is over to burst through that trend line.

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27,800 is the next overhead trend line I see. What dates are you seeing this trend line last hit that you are seeing?

The only other one I can make by manipulating the lines, but in a way that fudges the rules a little bit, sits at 26,860 or so.

edit - nevermind, I see what you're seeing now. The 10/29/25 and 12/16/24 line. I don't think that's as strong of a line since it only has 2 touches and then a bunch of breaks before that first touch.

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I will come back and tip my hat to you sir. It hit your target nearly on the nose and dove almost 250 points immediately.

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Hahaha thank you. I can't help myself here…

Good on you… I'm still bag holding!