Daily Plan 01.17.24
Good morning traders-
Stocks go up, stocks go down. Then we see, then we see.
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Very nice start to the year. NVDA 0.00%↑ continues to go. Nvidia continues to go. You buy it, you sell it, you buy it, you sell it, you buy it, you sell it, moving, moving, moving.
Today, you got COIN 0.00%↑ in court. Does something happen there? Maybe, maybe not. Uh, so here's the thing. They're trying to classify all these altcoins. SEC says they're securities. If they're not securities, then you can sell anything you want. SEC can't regulate them. So, based on the questioning, this thing can either go five, ten points, maybe more, either way. Okay, if for some reason they would get thrown out or blah, blah, SEC concedes. Coinbase stock is up 50. If the judge were to say no, it is, and Coinbase says okay, it is down 50. And then we see, then we see, then we see.
MSFT 0.00%↑ yesterday, 394. You had almost a triple. AMD 0.00%↑ , I came on here yesterday, said AMD is going to run, it's going to rip. It got a huge upgrade. And here's the thing with AMD, guys. If you don't understand this piece of it, you probably don't understand trading. Okay, here's the piece. Everybody wants the next big thing. You want to be in the next TSLA 0.00%↑ when the stock goes parabolic. When Tesla goes from 70 to 4,000, NFLX 0.00%↑ goes from 70 to 3,000. That's the trade you want.
Now nobody's saying AMD is it or not. Is it or anything? But here's what I'm telling you. If there's a potential for that, then when it gets an upgrade, the upgrade on AMD goes to 200. The stock's at 140 something. It's at 200. They're going to move it to the resistance point. Sam's Beast number 152. They were going to take it there. Let me tell you, the day that SMCI 0.00%↑ gets an upgrade to 400 or 430, they're going to take it to 357. I'm not saying it breaks, but they're going to take it there. And if it breaks, you have to be in it. Everybody will be in it. So that's what happened with AMD. It got near this 152. It didn't go. It went a little bit lower. We bought them at $1.60-$1.70. It went to $1.20. And then a minute later, it went to $2. Then went to $3. They went to $4. Today, they're going to be $5. Then they're going to be $6. They'll be $6 if you held them. But we rolled up and did fine. And that's how we keep trading. You buy them, you sell them.
So this one guy sent me this message. Sam, I don't trade anything but your Beast numbers. So he pays us just for the Beast numbers. And he made $800,000 last year. That's it. So if this year, you did nothing but the Beast numbers, you started the year doing nothing. You're doing nothing. LLY 0.00%↑ hits 603. Boom. You're in. Lily's at 630. Boom. So say he only put in five grand. You know, he's probably 35 grand or say he put in two grand. Say he put in two grand. He's probably 20 grand. Then he says, I'm waiting for the next one. Well, it takes a week. And NVDA 0.00%↑ 503. Boom. $4 goes to $50. The 520s, which are a dollar. A dollar. So you would buy those on the break of the Beast number. And it probably cost you $3 then. So you put $3 of your Lily money in there. And they instantaneously tripled. And, you know, they ended up at what? 20s went to $52. So up another $32. Okay. Now you have a Beast number of AMD 0.00%↑ 152. You had the SMCI 0.00%↑ Beast number of 327. And it went to 357. So that's four trades. And then you have MSFT 0.00%↑ that just took off 392. You got a double. Didn't hold, but you got a double. That's four Beast number trades. And that's it.
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Tesla working lower. People send me messages. Tesla ready. What's Tesla ready? They're going to tell you when they have earnings that they're going to guide down because their factory was closed for 13 days. They're going to tell you nobody wants an EV because you're going into a deep freeze. And literally there's pictures of 20, 30, 40 cars that are just stranded by the charging stations because the charging stations can't even work. And you can't charge them. I'm telling you, you have other pictures of the doors don't open. I mean, look, maybe you buy a Tesla and maybe your Tesla's okay. Okay. And you live in a cold area and maybe you don't have a problem with it. But if I was younger and I had a kid or child and I was in a Tesla, I would freak out because just because the car says you have 30 miles left doesn't mean it doesn't shut off at 20 miles. It just does when it's this cold. It just does. Okay. Okay. So, and I like Tesla, but let me tell you, I don't believe the car is a game changer because Elon made stuff up. He said, I'm going to do a $25,000 car and I want this car for everybody. And then he raises it to 50,000 and 60,000. Why did he raise it? He didn't raise it because he couldn't build a $25,000 car. He can't. But his margins are low. He wanted his stock and he wanted enormous wealth and he got it. He did great. He took the stock to 4,000. But if he would have sold all those Model 3s and everything at 25,000, his stock would have never went to 4,000. It would have been at 2,000. Still good. Okay. And now let me tell you, he only has 133% of the voting stock. I mean, the voting stock, are they going to double? Is he going to double his money? Let me tell you, the people in the company are not intelligent. They were giving him grief before. If he were to leave, if he were to leave, let me tell you what he could do. He could really destroy Tesla. He could say, he could not only leave, but he could say, I'm going to sell all my stock. Jesus. Then the stock trades like General Motors for the rest of your life. For the rest of your life.
Now, once again, Sam's not telling you this is going to happen. Sam's just telling you it's possible. It's possible. So if it's possible, you just have to be aware of it. And you say, hey, Sam, I'm aware of it. I don't care. I'll buy Tesla. Okay. Good for you. No problem. When Tesla says, my margins are better, we'll go buy it and the stock will go up a lot. When it's ready. Pretty simple, right?
This is expiration week. The market is lower. There's the stress on the market. Rates continue to jump up and dollar continues to go. So there's stress on the market right now. It's going to stay probably till Friday, maybe till Monday, Tuesday. And then we see, then we see, then we see.
Can you imagine the clowns on CNBC? Can you imagine all the clowns? Okay. Fool me once, shame on you. Fool me twice, shame on me. BA 0.00%↑ had a disaster when the plane crashed, the MAX crashed. And people came on, it was down 25. And they said, oh, this is no big deal. And Sam said, it's a big deal. They said, it's no big deal. So it goes from 350 to 300, 250 to 200, 150 to 100, to 90. And every month, the CEO comes out and says, oh, we'll be back next month. And it took two years. Now, this one, you have this blue, oh, this is no big deal. This is just a plug. It is a big deal, because if it happens again, and one guy dies, whoever, whatever airline that is, is pretty much bankrupt. It's bankrupt, because the lawsuit isn't for a million dollars. It's for billions of dollars. You put a known problem out there, you knew. This ALK 0.00%↑ said, oh, we think about this. If you're flying, do you go sit in that exit row anymore? Isn't that interesting? The other day, I flew. Right, all the exit door seats were empty on LOVE 0.00%↑ . Isn't that interesting? Right, so just understand that nobody says it's going to happen again. It doesn't have to happen again. It just has to have the perception that it can happen again.
And then Boeing, it was going to be, Boeing is a stock of the year at eight places, stock of the year. And it's down 60 points in two weeks. And if this takes out 191, it's got 172 written all over it. 172.
Retail sales last week, last week, funny, right? Last week, Boeing popped to 232. And I'm just laughing. We're buying the 227.50. Now, our problem is we didn't hold them. We took a double and didn't hold them. But all you have to do really is buy Boeing and you go out two weeks. It's just going to go lower. There's no compelling reason to buy it at all. Things are not easy. One more thing here. One more thing. Very, very interesting to me. So these guys are like, "Oh, it takes an hour and a half to do an inspection." So I was in a MAX the other day, right? Southwest. It was in a MAX. And you see these doors. Now, I was not near a plug door. This was near just an exit door. And you don't see the bolts. There's no bolts. So that means there's trim. You have to pop the trim off to look at the bolts. You have to pop the trim off to look at the bolts. So this is not a simple visual inspection. But they're trying to tell you it is. So just know this. So, so Boeing goes from 400 to 90. And you think it's going to go from 250 to 230? Guys, wake up. You got to wake up.
Okay, today, if AMD 0.00%↑ takes out 162 with force, it's got another number, 166 and 172. Nobody wants to miss it. Now, they haven't guided and they haven't said they're sold out. But if they were to say, "AMD RAI chips are sold out," this opens at 200 that day. Wow. And that's what we know. That's what we know.
Okay, but the trend for this week is lower. Okay, so chill and relax. Take your profits on NVDA 0.00%↑ over and over again. Roll up. Then we see, then we see, then we see. Okay.
LLY 0.00%↑ seems cannot seem to take out the 652. Okay, that's all we know. Okay, let's get started. Hold on. Let me look here. Questions. SPX just dropped. Absolutely. What did it go down to? Down 24.
Okay, okay. Good morning. Good morning, everybody.
Stocks go up. Stocks go down.
SPX down 23. That puts it at 4743, 4742. 4731 is a big number. 4731 is a big number. And then 4700. This is expiration week. There's some liquidity issues. I'm hearing and taking the market lower. Then we see. Okay?
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