Lizard King Goes long! SP500S&P 500 Index It's about time we rally. Lol... Stoney, ya gotta admit, you might be the worst market timer of all time on ET This is your 5th 100% wrong major market direction call in a row. But this one takes the cake... I knew when I read this I should have faded the Stoney "I'm calling in my NVDA short".... THAT WAS THE TIME TO GO SHORT CHILDREN! The biggest down move in its history. Good job Stoney!
Update- $780 target hit // short lifted at 808 Mistake? NVDA $762 GBA call $884-------------> $762 That's a great great call but think about this: that short call was made in the face of 100% analyst pump and every HF manager on earth owning the name.. No sellers only me.///// That can make you look pretty, pretty smart.... Van decided to go the other way and bought NVDA that did not turn out well at all. One poor silly child has emailed me repeatedly he's trapped in the name... Well that's what you get for not listening to stoney.
I maintain still a large rally next week. I am positioned as such./ I see Van above wetting his pants. But it's my money on the line, my top viewed Stock thread in America and who the hell would care what Van says at this point. How many stocks of his have lost you money think about it. I'm in the game to make money and I go the other way when folks are bearish. Always have/ always will. To me the 5% decline in the Naz is waterfall in nature and we are due to bounce. It's earnings season and there is always the chance every single report will be met with negative action. It's happened before when the market has reached it's PE peak. I don't think it will happen this time. If Van wants to get all negative now down 5%: Who cares really. But that's what all non serious investors do.. right? They panic at lows and buy blindly (NVDA) at highs... Think about it. My calls on the market here are near perfect as you all know my Lizard King calls have a record of 14-1-1 / I haven't made a Lizard King call in along time because the market has not allowed for it. When a great prognosticator speaks up after a period of silence it would be wise to listen. If I'm wrong /I'm wrong but remember this I have committed a lot of cash to this market call. We have bough a number of names and as such with serious skin in the game --what I say means a hell of alot more than a whiny I buy $3K of options and then bail when the market turns, fake sort of trader. A guy that says his stocks have staying power! LOL-- like staying in the garbage bin power. Yikes! Stick with the millionaire that got you here. --> let's Go-!!!!! RIDERS UP!!!!!
OUR LOW TARGET IS RIGHT THERE! /// The thing is NVDA's margins are pretty tough to comprehend. When fully realized it's fanatical. They are selling a chip for soooo much that does not cost that much to create./ Eventually this pricing power will turn against them and the whole hour glass will be turned upside down and they will sequentially get less and less for each chip... but we are not there yet!
Avid readers here will know that last December (long time ago) we pegged this past valentines day as the awakening for tech. We called for a pull back that never materialized in force. Now it comes a month or two later, we cannot be surprised.
Part of my reasoning for rally now is the S&P has to. Would you believe that we are only up 4% for the year. That took me by surprise. If we were to lose the bid here it's all the way down to my low on the street target... My phone will be ringing off the hook for interviews but my portfolios will be hurting. 4,950 is the Feb low for the brief pull back that did not turn into a massacre > We must rally I feel to keep the markets integrity For Now This Is A Rotation<--------
Back to my tire analogy. If you were not here-- my two left side car tires have been losing air and I kept pumping new air in and eventually I checked the read out and realized shit I can put alot more air in here than I thought. And I super filled the tire. The analagy at the time was: this is the market: we have to put more and more cash in. And I did. Recently the alarm in the car- low tire pressure- reported to NASA and the Gov and Car insurance electronically.. It went of again Shit I have a slow leak. This is not something that can be fixed me blindly pumping more and more air in and hoping I make it back to the city and back.. It had to stop. So I took the car in and they took the tires off and they found " beading " some word they fixed something that sounded to me like it was in the liner not a puncture... and now I am driving without the alarm going off and me freaking out. Sometimes You Must Rotate!
Pulling my short call? So pulling a call versus initiating a short is reason to brag after Nvda tanks $80? Readers can infer you were not short and afraid NVDA was too powerful or you think we are too stupid to understand? Prevarication “Definitions of prevarication. the deliberate act of deviating from the truth. synonyms: fabrication, lying. types: fibbing, paltering. a trivial act of lying or being deliberately unclear.”
Hey Ted I only recommend what these guys should do at the HF they make their own calls. I myself would never short anything/ I happen to be very good at it. As you know.