Good morning, good morning!
Stocks go up, stocks go down.
Then we see, then we see, then we see.
Wow, wow, wow! Bitcoin, those MSTR 0.00%↑ we bought at nine are going to be 110. COIN 0.00%↑ is rocking, it's up 15. Those 230s are going to be a double. Interesting, interesting, interesting.
So here's the thing, guys. I come on here in the morning and I give you information, I tell you things that we're looking at, things we're doing, and you can't be lazy. Can't be lazy. You can't say, "I didn't get a read the newsletter, AYNI. I had to take my kids to school." Well, you're going to take your kids to school and you're going to have a position, and you're not going to be able to buy something. Go get a nanny or don't, and then you don't worry about it. It is what it is. If that's what you choose, that's okay. If you're going to trade, you've got to trade.
Telling me or saying, "I was called in a meeting, and you have a big position, and you couldn't get out," that's okay. But then it is what it is, right? It is what it is. The meeting didn't screw you up; your value screwed it up. It's what you valued more. You valued the meeting more than you valued your position. Let me tell you, way back in 2001, when I was making my money, if I had a meeting, I'd just start coughing or something, leave the meeting, or not go to the meeting. That's it, because I had a big position. But that was me. That's what I valued.
Now everybody is different. Okay, so just understand that that's the market you have, and you have to understand the market you have.
Now, today, some of the techs are lower. NVDA 0.00%↑ is lower, SMCI 0.00%↑ is lower. But it's really funny because somebody sent me a message yesterday and said, "Nvidia is not going up. What's wrong?" And I said, "I told you, AMAT 0.00%↑ went lower the following week. I told you AMD 0.00%↑ went lower the following week. I told you META 0.00%↑ went lower the following week. Nothing seemed to have gone higher." Now maybe it happens for Nvidia because if it gets to 780-790, it'll probably go. But that's when you see stuff. But saying stuff, let me tell you, this goes into your subconscious, and you will suck at trading.
Saying stuff like, "Nvidia broke lower." Nvidia was at 460 five weeks ago; it's at 800 now. It didn't break lower. It would have to go down 50 or 60 points for it to break lower. Everything doesn't go up every day; it doesn't.
Okay, WDAY 0.00%↑ is way lower, but here's the thing: then this is where Sam's memory comes into it. So if you remember when Workday went all the way down to 200 like maybe three quarters ago, Sam doesn't remember the exact date, but about three quarters ago, it opened lower by 30 points. And we actually, that day, we bought some. Now it was down 20, and Workday went positive that day while Workday got collapsed.
So does the same thing happen? And now is already positive. POS. Okay, interesting, interesting.
And SMCI is lower, but the premiums of SMCI are coming lower. That means he doesn't think that a huge move is coming.
But how about Coinbase rocking, MicroStrategy rocking?
You've got SNOW 0.00%↑ earnings coming, and in theory, if Nvidia and if everybody's buying chips, the usage has to be this quarter in Snowflake. So the number has to be huge or next quarter. It could be next quarter, but that would mean the guide would be massive. So let's see, let's see, let's see.
Okay, ARM 0.00%↑ nice move higher, but it's way, way, way overvalued. I mean, they don't make enough money, and so the squeeze comes. But that's okay. But let me tell you, some of these things they're giving you for premium, and he's charging. Think about the 180 on ARM, it's a dollar. They should be 5 cents. They should be 5 cents.
Okay, PANW 0.00%↑ up 20, ZS 0.00%↑ way up, CRWD 0.00%↑ up. These are continuing to go. But remember what PANW told you. They're going to start a price war. So do they all guide down? Don't know.
Then we see, then we see, then we see. Or is this a PanW thing, and nobody else, maybe. Okay, so just understand that.
LLY 0.00%↑ down 17; it looks like it's starting to head lower.
And does our LRCX 0.00%↑ and ASML 0.00%↑ try to break up? Let's see, let's see, let's see.
So Nvidia, somewhere here, as long as it holds somewhere around the 780s, we're going to look to get Nvidia, probably somewhere in the 850-860 range for Jensen's thing on the 17th, 3 weeks out.
Okay, and then you have this SPX. I mean, you've got the PCE coming. If the PCE is good and we get another rally, 5200, and they scream this higher. You've got the same clowns. Let me tell you, if some idiot, we can call him an idiot, tells you SPX is going to 3,000, and he tells you that for a year, and we go up 500 points, why would you listen to him on anything? See, this is the amazing stuff with me.
Okay, META. If and when it breaks up, it's down a little bit today, but look, they're selling the techs. They're selling some of the techs; they're buying Bitcoin. When facebook breaks up, if this 500 comes and breaks, and 503, you have a furious move higher. Now, I don't know when that's going to happen. Maybe it happens today, maybe it happens tomorrow, maybe it doesn't happen for six months. I don't know, but I know that when it happens, it's going to be huge.
Okay, last thing, we'll get started.
If you lie to yourself, you will moan and piss. You'll be pissed off. The only people in trading that are ever upset are people that lie to themselves. Don't lie to yourself. If you only have two grand, you don't do a $900 position; you do a $100 position. Oh well, Sam, I can't find a dollar trade. Okay, then don't. You sit and wait for months and months and months till you find one. That's how you trade, and you learn to get better. And if you do, you can achieve greatness. But if you don't, you will blow up, and you'll blame somebody else, and you'll call somebody else, and you'll call your ex-wife's dad, and he'll start smashing you. Don't do that. Don't lie to yourself. Very straightforward.
If you have a smaller account, do a $100 position or don't do one. Just wait. It's okay to wait. It's okay to wait. And that's what we know. That's what we know. That's what we know.
Okay, same, why is SMCI way more expensive than Nvidia? Because it moves better than Nvidia. VKTX 0.00%↑ interesting play, keep an eye on that. There are two bios moving today, VKTX and JNX. Those two are both moving, very, very interesting. Okay, and that's what we know. That's what we know. That's what we know.
Okay, CRM 0.00%↑ earnings tomorrow with Snowflake earnings. Well, CRM can move now.
That's what we know. Okay, that's what we know.
Let's get started.
Good morning, good morning, everybody. 2/27
SPX up a little bit. You've got 5072, 5121.
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