Hi! I am an ex-prop shop equity trader.
This is a daily watchlist for trading: I might trade all/none of the stocks listed, and even stocks not listed! I only hold MAG7/market indices long-term. If you use Old Reddit, click “Show Images” at the top to expand the charts. Any positions stated aren’t recommendations, I’m following subreddit rules to disclose positions.
Some stocks I post may be <$500M market cap. These are potentially good candidates to day trade; I have no opinion on them as investments. PLEASE ask specific questions. Questions like “Thoughts on _____?” or “Is ___ a good investment?” will be ignored or I’ll troll you unless you add detail and your own opinion. I will block you if you are a troll.
News: Carry Trade That Blew Up Markets Is Attracting Hedge Funds Again
- XHB – News that Harris will propose providing up to $25K in down payment support for 1st time homeowners, with more generous support for 1st generation homeowners, watching housing ETFs/stocks on this. (DHI/LEN/TOL)
- RILY – Under financial probe- gave loss warning of markdown of $330M-370M, and this is the third time bank delayed reporting with SEC this year. Co-founder offered to buy rest of the company. ($7 a share). Also worth watching all the random senior notes (RILYT/RILYZ/RILYB/RILYN/RILYM/RILYG, etc)
- ASTS – We saw ASTS make a massive move from $21 to $33 yesterday due to earnings, watching both the $30 and $35 level. Biased short on this but won’t take a position unless we make a sharp move to the upside or we hang above $30 for longer.
- FICO – Less of a liquid stock and high priced, but we’re seeing a large move from execs selling shares. Somewhat unusual due to the share sales being relatively small (4800 shares). Going to be very light in trading this if I do.
- AMAT – Reported earnings of 2.12 EPS (in line with expectations) and revenue of 6.78 vs 6.65B expected. Cited revenue growth, margin improvement and strong performance in key segments. Not sure why a sell-off occurred, but will update if I find out. (then again, it did have a pretty strong rally from the panic a few weeks back)
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