UPDATE Well this turned out to be quite the accurate prediction. I think we were at or below 4174 that day, and all the experts, and even a few wannabes including our beloved OP.... were calling for a correction. So here we are in August... one month into Q3. I wrote that I would update my forecast into years end now that the Administration has once again changed the playing field with regards to the student loan deferments. No long term prognosis just yet, but I can give a real short term one. I think Monday is gonna be a big down day. A sharp pullback. Stoney... you have my permission to quote me on this short term call and post it on B1's "ES Journal" thread. I'll even allow you to claim my magic pencil, chart reading prowess on this one as your own to garner a few more readers here since I see the view count here at GBA fell off a cliff in the last 3 weeks in my absence. No thanks required. The magic pencil shows Monday as a big down day. If the dip is bought with volume confirmation Monday, which I don't think it will be, but if it is.... brace yourself for another leg higher. Either way, as always, watch the volume. It never lies. Huge volume and no bounce.... the downtrend will remain intact. Huge volume and a 1.8% pop above the low.... up we go in August. See ya in a week or so. -vz
Good Morning Stock Fans-- It is Sunday. Time to buy Nike? Barons says so but we have some better ideas. Van! Great to have you back you may notice some of the children not speaking to you and acting all spiffy. I can think of one in particular who liked to " like " your comments all the time which used to make me crazy. Well you won't be hearing from him any more. Several of the children got madly rich when you were away as we brought the house down with three more outrageous gainers. It was VICR that our common friend hit the jackpot with and quite frankly with no thank you I hear through the grapevine that this child is acting the fool showering money on his friends and living an gilded lifestyle which I do not approve of. As House Mother as it were I tried to get this child of ours in line but the grape wine has taken over.
<OFFICIAL GUMMYBEAR WATCH LIST AUG> #1->OSW OneSpaWorld Holdings Limited $12.35 #2->IPWR Ideal Power Inc. $12.52 #3->W Wayfair Inc. $88.52+15.63 (+21.44%) #4->TEAM Atlassian Corporation $200 (+18%) #5->FRSH Freshworks Inc. $21 #6->CTLP Cantaloupe, Inc. $7.42 #7->FLNC Fluence Energy, Inc. $28.41 #8->VMAR Vision Marine Technologies Inc. $4.27
Van you are not going to believe this but remember last time you said we didn't have a 4% correction when we did? Well I did it again, a day before we fell apart I warned all the children anain.!! It's really incredible. I mean no one in the stock world does this but me. I watch all the shows and they come on the day after the carnage and say something, I flag it before hand- let me show you!! You are going to be so proud!
July 26----> FRIDAY WILL BE INTERESTING. Feels like we may have another 4% thrust down QQQ Invesco QQQ Trust ETF $376.90-1.88 (-0.50%)2:17 PM 07/26/23 NASDAQ | $USD | Realtime #4168 Jul 26, 2023 Report Reply Share July 26----> SP500 S&P 500 Index 4,560.53-6.93 (-0.15%)2:19 PM 07/26/23 Zig Zag Pattern ahead-? That's been the call from GBA but what if it's zig zig zig. I'm on Yellow Flag alert* meaning some waning signs of momentum have shown up. Friday if we get a good core inflation number the market will extend and blow off and that would be ultimate Lizard king time. I think that core has ticked up slightly and indeed it will tick up 3rd qtr & that will freak everyone out. Question of timing-- Inflation I think heads back to 4% not down to 3% I'm probably early but maybe not. #4169 Jul 26, 2023 Report Reply Share
Vz have you a stock for our watch list. ? /// No more SNAP or Papa Johns!!! lol. Take your time and come up with a doozy I like your TEAM call but maybe we need a right now pick! Let's see what ya got!
I officially asked for guidance on this name--nobody came forwards par usual. So I will lead on this idea---> YES-! Ladies & Gentlemen May I Introduce The Tesla Of The Sea-! Vision Marine Smashes the World Record ... Vision Marine's Momentous Goal: 100 MPH in an Electric Powerboat Vision Marine Technologies 100 MPH in an Electric Powerboat Vision Marine Technologies Inc. (VMAR) NasdaqCM - NasdaqCM Real Time Price. Currency in USD 4.2700+0.0700 (+1.6667%) At close: August 4 04:00PM EDT 4.5000 +0.23 (+5.39%)<--------- I do not believe this. After hours: Aug 4, 06:55PM EDT
FLUENCE- Fluence Energy provides energy storage equipment and services. The company was formed in early 2018 as the result of a joint venture between AES Corporation (AES) and Siemens (OTCPK:SIEGY). The two companies hoped to pair AES's extensive research with Siemens' expansive global presence. Fluencecurrently has 6.6GW of storage deployed, contracted, or managed in 47 different markets. Their grid-scale energy storage product is known as Gridstack; their control and operation system is known as Ultrastack; their solar capture optimization system is known as Sunstack; and their commercial energy storage and load flattening system is known as Edgestack.
LONG TERM WE HAVE TO WORRY ABOUT SOME SORT OF GOV REGULATION. For now I see a situation setting up similar to Carbon Credits. Many moons ago i had a European stock that went to the moon. I think 400% gainer and it was supposed to set up this Carbon credit marketplace that quite frankly maybe never got built out! But it was a great idea and way to control companies carbon out put when you went over your allotted amount you bought credits from someone who had saved up. It created a way to control Carbon that I don't think has been realized. Ok now we have anew era of grid overuse.-- Storage providers can collect free or almost-free electricity during periods of overproduction. In places where a significant portion of electricity comes from solar, this happens in the middle of the day, every day. They can later sell that electricity when it's trading at its highest every evening.