PIMPING STOCKS

[bobblehead]

Nvidia is justified in its run up. PLTR is not. Halving PLTR was the right move even if it got the wrong result. I have bought some long term puts at $100. I expect to sell them for double what I paid in the next 12 months. At some point sanity should prevail.

Not if they keep delivering rule of 100+ when most companies can't even hit rule of 40.

So, I finally sold my $100 puts yesterday for a double. I am not convinced PLTR continues to slide, this seems like a "not too goofy" price right now so it was time to unload at a nice profit. From roughly $175 to $117 in 7 months. Hope you weren't holding that bag anymore. I paid virtually nothing for them and sold them for about 400% profit. Was tempted to unload them several times but held on til now.

[bobblehead]

I try not to get too ahead of myself because things change, but I'll just say this. MU is THE premier memory chip maker on the planet. Only real competition is Samsung. The company has a market cap of under $500B AFTER this runup and it just invested $200B to build another fab plant in Idaho. It obviously thinks the demand is here to stay. Nvidia is projected to keep growing at 40%+ as are all the chipmakers that need MU RAM. All the hyperscalers use MU RAM. I can't look too far out, but the story isn't over yet. I bought another 100 shares near close yesterday. Sold out for 2026 and I would bet they announce they are all but sold out for 2027 pretty soon which would cause another reassessment of their growth. $1000 by end of 2027 isn't out of the question. Oh, and currently sitting at a P/E of 22x while all the chipmakers and big tech are over 40x

Update on me not being optimistic enough. MU reports earnings tonight. Honestly, I just can't be sure about much, but even at over 1k right now its still a buy. It CAN (not will) reach 1700 by year end fully justified by fundamentals, not hysteria. The projections just keep increasing. If the market ever decides its not a cyclical stock it could run to 3000 by end of 2027. If it proves to be cyclical I STILL can't see not making a nice return by end of this year. If it just reports flat from previous reports the stock should hit $1300 by year end which is still a nice return. So, anytime I see a stock with likely 25% and possibly a double within 12 months is a strong buy.

[bobblehead]

These threads go back almost 15 years. When I have some time I'm going to go back and read the all the threads and find out everything I was wrong about...lol

Thats what I'm doing right now (only about 8 months back) which is why I'm quoting and commenting on older posts. Its always good to analyze yourself. I've done really well since I started posting here, but I also had 25 years of practice before I started posting. I continue to improve around the margins of my ability.