$Super Micro Computer (SMCI.US)$ this is holding up exceptio...
$Super Micro Computer (SMCI.US)$ this is holding up exceptionally well the rest of the chips for the most part are retracing and are negative the lows of the day
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36 yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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赚钱小能手xin : Someone else rose by 5-6% yesterday....
Bully Bill 100 : what about triple witching hour coming up?
10baggerbamm OP Bully Bill 100 : you're watching a lot of these algorithmic programs going off right now we just had a buy program kick in I guess about 7-8 minutes ago and it lifted every tech stock it even lifted Bitcoin it was timed right to the millisecond it bought Bitcoin it bought the chip stocks how long it runs I don't know. I would only tell you that if there's a company that you want to own that you want to buy buy it on weakness because the whipsaw is that we're going to have the balance of the day today potentially next week the week after they could be several percent points either way. if you buy on a gap up you might have walked right into a cell program and now you're going to be down to $3 very quickly that's why I'm saying buy on weakness and only buy a portion of a position so if you have $10,000 pick a price you want to own it at by it $3,300 worth if it falls a few dollars more by the other third.
support lines are not working because the chip basket soxl it went right through the support the second time the first time it bounced off of it and if you bought that support line you caught about a 30-cent rally and then it dropped a $1.35 on you in a few minutes