Daily Plan 02.09.24
Good morning, traders!
Great day yesterday again.
We hit AVGO 0.00%↑ , we sold it. 200 Grand winner, 250 Grand winner. Huge day setting up again today. Now, it's over 800.
MSTR 0.00%↑ is up 40, our 540s sent in FREE SUBSCRIBER CHAT went $2 to $80. That's going to go nuts.
Levels were shared in the newsletter as well as in our daily chat below. Join us in the chat and trade with us!
META 0.00%↑ trying to go. If META gets through 476, it can go all the way to 486.
Does CMG 0.00%↑ go? Don't know.
Broadcom getting destroyed on NVDA 0.00%↑ competition. Very interesting, right? And even SMCI 0.00%↑ is starting to move again. Okay. EXP 0.00%↑ way lower. Not as good. ARM 0.00%↑ down a little bit. SNOW 0.00%↑ flying. Grand Slam.
So let's talk a little bit about when people lie to themselves. Okay? They buy ZS 0.00%↑ and I get a message, "Well, the CEO left." Sam, this is shit. Okay. Now, 2,000 plus members and you get one or two messages and I said, "So he left. Are you not expecting zero? He'll come back." Well, they go to 50 cents and now they're going to be $6 today. So you got a double. $6. Now let's go to Snowflake. We buy Snow at $150 on the roll up from last Friday and they're going to be $3. They're going to be a double. They may be five. Buy less, expect zero, chill. And nobody cares what you think.
Sam knows what's possible and it's all about what's possible.
MSTR 0.00%↑ . Bitcoin was breaking up. We said if Bitcoin breaks high, maybe it gets to 50K. If it does, this MicroStrategy is going to be 670, 680 today. Those are going to go to $130 - $140. Sam, I'll probably sell them. And then we wait and see. And then we wait and see. And then we wait and see.
ASML 0.00%↑ continues to fly. Look at ASML go. ASML going flying. Flying. Flying. It's going to ATH. Wow. Wow. Wow.
ADBE 0.00%↑ . Can it ever get through 622? Maybe if it does, then it goes.
LRCX 0.00%↑ still sitting there. It looks like it wants to try.
We have the CPI coming. Revision came in lower today! That's going to change everything. But SNOW 0.00%↑ was at 232. If it gets through 238 and ARM is good, ARM is good. SMCI gave you the information.
And today, does Meta go? Now, Zuckerberg is selling some, I'm hearing. So maybe that's what's going on. Who knows? But we don't care because if NOW 0.00%↑ takes out 815, it's going to go to 830 and we're going to catch another 400 Grand Ripper. And we already caught a 200 Grand Ripper in MicroStrategy and in AVGO. That's it.
But I get messages non-stop from people saying, "Sam, what about this stock? What about this stock?" I mean, think about it. Let's talk about PYPL 0.00%↑ . Why is anybody buying PayPal? Why are you buying SQ 0.00%↑ ? Yesterday, I got a message, "Sam, what about Square?" Why are you guys in love with things that aren't moving or moving one way or there?
AMD 0.00%↑ . I told you it's not moving. No reason to play AMD. Four to six weeks. Go chart it, guys. Go look at anything that goes down on earnings and see if it ever moves within four to six weeks. It just doesn't. It's 95% accurate. It just doesn't. It's just dead.
But all the lazy people in the world, all the analysts, every lazy person in the world doesn't just do simple logic like this. "Oh, it went down 20 points on earnings. Well, it'll come back." Yeah, maybe earnings were good. Doesn't matter. Maybe it comes back. Yes, it should come back. But it doesn't come back next week. It comes back four to six weeks later. And AMD is fine. I still like it. You go out six weeks on AMD, it's probably 200. And now you got two weeks. So you got another four weeks.
Expedia way down on good news because the CEO always says dumb stuff. But it got us in because BKNG 0.00%↑ was up 100, 120. When the hell does it go up 120? Sub-earnings.
NET 0.00%↑ flying, flying, flying. Great news, so much business. We don't know what to do. PANW 0.00%↑ . Zscaler. CRWD 0.00%↑ going to go? SERVICENOW. Would love to get out of this at $15 right off the bat. That rip 300 Grand. That would be nice.
Let's see. And that's trading.
You buy less. You start slow. 100-dollar trades. You go slow. Maybe it takes you six months to even do a $200 trade. You build up your account. You trade around Sam's numbers. You wait for the news, numbers, items that can make it move. And then you take some shots with profits. That's it.
A guy sent me a message yesterday, said, "Sam, can Meta get to 500 and can SMCI get to 800 tomorrow?" And I kind of just giggled. You bought the 800s on SMCI? Well, that's all I could afford. Then why play it? Why play it, guys? Come on. You're gonna get killed when you do that. Don't do that. Just because you want to play MicroStrategy. If you don't have six bucks or five bucks, don't play it. You're going to go buy MicroStrategy 700s for a dollar because you think it's going to go? Well, it expires today. Even if it goes up 30 more, those things aren't going to a dollar. Well, but Sam, it approaches it. No, it doesn't. Your time is going away. If you had an extra week, yes, they would rock it. Right?
Interesting, interesting, interesting.
MSFT 0.00%↑ trying to run.
UPST 0.00%↑. AFRM 0.00%↑ went down, guys. Got to learn how to read the entire press release and everything else. Okay? People saying Affirm has great news. What good news? They have a shitload of people not paying. Yeah, they're making money. They're getting more revenue, but they're taking charges for defaults. Now, Upstart is not the same as AFRM. UPST is loans through automation. And I don't know if UPST is good or bad, but we're in it. And for the first time in six months, I've seen UPST put out a press release saying, "we signed X and X to our platform." That's different. Haven't seen that before. So maybe it's better. Interesting, interesting, interesting.
2/9 Stocks go up, stocks go down.
Let's see, let's see, let's see.
I think this revision is coming. Hold on. I don't see anybody doing it.
The 5005 on SPX just went to 10. The 5000 just went to 14. But I don't see anything. You know, this isn't a big number. All it is is a revision, but I don't see anything. If you see anything, let me know. I don't see anything. So is it out or is it not out? Don't know, don't know. But this is why CNBC has gone to shit. They put on dumb people, people who have no logic. Did you just see this stream that was out here? I think there's a credit event coming. He said this a year ago. He thinks the market's going to crash for two years. Two years. What the hell is wrong with this guy? Really?
I mean, if I'm on CNBC, say, "Are you sure? Did you sell everything 'cause you think there's going to be a credit event for two years? Is he digging a ditch in his backyard?"
SPX pop. Whoa. Huge pop. 5005s are 16. 5000s are 20. Whoa. SPX Rippy. Come on, baby, light my fire. SPX is rocking.
Okay. Let's get started.
SPX. 5050. 5032. 5050. Underneath 4991.
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