My Hummer has fangs

[OrangeDream17]

Mercury is nasty stuff (for gold refining). I was hoping platinum would go through the roof with hydrogen cars but looks like nobody wanted those. I see abandoned Toyotas next to every one.

Anywho, you can watch the level 2 action for free at https://www.nasdaq.com/market-activity/stocks/skhy top of page. Lots of shenanigans with single share trades and stuff like that tonight.

 

[super8]

Mercury is nasty stuff (for gold refining). I was hoping platinum would go through the roof with hydrogen cars but looks like nobody wanted those. I see abandoned Toyotas next to every one.

Anywho, you can watch the level 2 action for free at https://www.nasdaq.com/market-activity/stocks/skhy top of page. Lots of shenanigans with single share trades and stuff like that tonight.

Nvidia had a nice turn around today from the low 190s, maybe that's a good sign! I don't know much about SKHY. Think they'll beat earnings tonight... 50 mins away?

 

[OrangeDream17]

SK Hynix Q2 profit jumps 557% on AI chip demand, misses forecasts
Those Market Makers are real tough guys who have a real neat racket going on but I can read a report for myself. Tomorrow I'm doubling down. It'll cost me but it's go big or go home time I guess.

EDIT: As a former 3DFx shareholder I know for a fact nVidia's monoploy isn't natural. But hey, "riding the coattails" is the best/easiest way to make money. That's what everyone in congress seems to be doing anyways. Nancy got rich as @!@$%.

EDIT2: Add interestingly, China's largest memory chip maker CXMT shot up 466% on Monday, it's first trading day.

 

[OrangeDream17]

Fortune favors the bold! But I feel your pain:

The chip crash is exposing the brutal cost of leverage: Chart of the Day

Leverage is making the punishing semiconductor plunge even harder to recover from.

finance.yahoo.com

I pushed my chips all in with on-open market orders this morning. I don't usually reveal this much info but since I have to get my Hummer out of the impound lot, figured I'd reveal how easy it's going to be for me to pay off the fees/fines/whatever:

So far so good today, huh? I wonder if any lawyers make 11G an hour.

 

[super8]

Hell yeah! Sell and lock in those gains!

 

[OrangeDream17]

They're already gone! I'm in this one for the long haul though. I kind of think that's why the MMs are hammering this so hard actually, most people will bail when they break even or make a little money. Then they'll let it fly. I'm just gonna kick back with my buddy Warren Buffett and eat orange cream sickles with coke and just watch the circus now. (OK, I lied, I bought a little more of the cheapest two and am actually up a hundred bucks again )

 

[OrangeDream17]

That free-market society thing is a nice fantasy but truth is the stock market is just another American racket run by these so-called "market makers". The government barely regulates them.. it's actually called "Regulation" SHO, in fact. In any case, the one thing you can depend on is they'll keep ripping off retail investors. Looks to me they've milked us longs for all we got and now they're gonna show shorty how "free" this market really is when their option expire tomorrow. If the "squeeze" happens, it's gonna be EPIC for me though, being all loaded up with 2X ETFs.

.. a raspberry.

 

[OrangeDream17]

I'd like to inform the IRS in advance that there's a flaw in their accounting rules for stocks. I'm supposed to pick first in first out or last in first out but instead I bought six ETFs and am going to sell lots in the middle. I believe that's perfectly legal because, and only because, these letters are different:

And thanks to whoever made this list because I can never remember what comes after SK...

 

[OrangeDream17]

Funny story, last time I was living in my hometown of NYC, some shorty who got burned on options expiration Friday rammed his vehicle into this statue. It's made of solid bronze. I hear it budged a few inches anyways.

 

[super8]

Wow - Just took a look and saw SKHY bounced hard yesterday!

 

[OrangeDream17]

Wow - Just took a look and saw SKHY bounced hard yesterday!

The squeeze is on... hope traders don't start jumping out skyscraper windows today!

EDIT: This isn't a meme stock but what the heck...

 

[OrangeDream17]

Those naked shorting MMs may not realize this but we're not all stoopid. I can see the closing price in Korea here:

SK hynix Inc. (000660.KS) Stock Price, News, Quote & History - Yahoo Finance

Find the latest SK hynix Inc. (000660.KS) stock quote, history, news and other vital information to help you with your stock trading and investing.

finance.yahoo.com

Better return those shares you "borrowed" to the DTCC before you end up on the SHO list!

 

[OrangeDream17]

Tell Uncle Warren I promise to be a long-term investor, next week. I bought back some of what I sold yesterday. I did swap out the less liquid ETFs for the more liquid ones however, and now only own Proshares and Graniteshares. Oh, and I found another one too SKHA. They just keep comin'!

 

[OrangeDream17]

What a #@#% Uncle Warren is! I called up and asked to bum a billion and he said NO! Guess I'll have to make my own.

Warren Buffett shares the ‘secret sauce’ to Berkshire Hathaway's dominance. Use his strategy to grow your own wealth now

Buffett's advice has helped investors weather storms of all sizes over the years.

finance.yahoo.com

This dollar cost averaging thing get old after a while though. Here we go again. *sigh*

 

[OrangeDream17]

Woooweeee... lost 50 grand today on SKHY. Funny thing is I'm still up overall thanks to day trading it a little. Sorry Uncle Warren. I promise to try and pay long-term capital gain taxes, someday. Maybe when I cash out the Proshares I'm still holding.

 

[OrangeDream17]

For all the booze-brained oinkers who think they can drive better than a bonehead:

I'm just so upset about the damage they did to my new Hummer... I might just have to buy another one with all the money I'm making.

 

[OrangeDream17]

St. Jude gets it all P.O.D. if I croak tomorrow so the lawyers are gonna be ticked off too... Micron is 20 P/E and this is less than 10 so I'm buying more. I'll make a new Hummer in less than a year off this one easily.

 

[OrangeDream17]

Well I have to say I've never been this motivated to prove Uncle Warren wrong. I'm going all in. One stock. No diversification whatsoever. It's a racket and AI memory chipmakers can't lose. Trump is even going to let the Chinese sell us memory chips for AI. Anywho... for all the insomniancs like myself, you can watch SK Hynix trade in Korea all night long here: https://finance.yahoo.com/quote/000660.KS/

 

[OrangeDream17]

What an odd trading day. Even the most active like nVidia and Intel are way below their daily average volumes. Maybe it's just a general malaise at the end of summer. Or maybe people are starting to realize that Iran and Oman have cut a deal for Hormuz and China is having memory IPOs and selling us their stocks now too. I guess the war that American has been waging against me personally for my entire life isn't going so well. That's just too bad. Really sorry to hear duh gubmint is losing.

"Let there be capital gains." -- The Oracle of Omaha (AKA "Uncle Warren")

$16 ain't a bad average price per share for this ETF. I guess I got enough now.

 

[OrangeDream17]

I feel like I need a drum roll or sumptin'.. https://finance.yahoo.com/markets/stocks/articles/mu-sndk-skhy-memory-stocks-041805353.html

I said this to someone else who told me I should write it down so: "Memory chips are like crack cocaine to AI." - OrangeDream

If those $16 shares hit $32 in the near-term I'll have to disappoint Uncle Warren again but I REALLY REALLY would like to someday pay long-term capital gains tax instead of normal income tax on my trades. Someday... maybe..