Kirk's Market Thoughts Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kirk's Market Thoughts

COHR 157.96

-5.2%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

Recommended by:

da_spot

toccodolce

To: da_spot who wrote (18261)	3/15/2024 3:05:00 PM
From: Sun Tzu	2 Recommendations Read Replies (2) of 26462

A lot of people are positioned for the index reweighing of NVDA as of today, and the anticipation of good news out of their developer conference next week. I think NVDA may hit 920 +/- 10 by Wednesday. Then depending on how it turns, We'll know what the big swing is going to be. Meanwhile, not as discussed is the reweighing of other Mag 7. TSLA for example is going to have a much lower weight than it has now. SPX has a gamma poll at ~5020. It will be both a support and a magnet next week. ===== Indexes aside, I've been buying LAC. It has a $1B market cap and is getting $2.3B loan from the government. So I think it is inevittible for it to double over the next 18 months. However, given it's recent run up, I'd expect some consolidation in the immediate term. But/if/when it closes above 7.10, I'll buy another batch.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next