$Applied Optoelectronics(AAOI)$ I'm treating $44 as the absolute low for this drawdown, though I'd be adding at $60 and $54. $44 was the pre-hype high from 2/13, and $54 was hit on 2/26 before the massive runup. Things should pick back up here soon.
$ProShares UltraPro QQQ(TQQQ)$ NOV20 72C is still actionable. Zone: $68.61 to $69.57 Invalidation: close under $67.43 Objectives: $73.43, then $77.79 The math: up 6.3% to the first objective and 12.6% to the second, against 2.4% risk on the invalidation, better than 5 to 1 to the second. TQQQ fell from 72.61 to near 69.09 before the open, yet it is still holding above 67.43, the low from October 16 where buyers stepped in last time. That makes this a swing idea for a bounce, not a chase, because a leveraged fund like this moves about three times the Nasdaq 100. A modest recovery in the big tech names can carry it back toward those prior highs quickly, and a close below that foundation would tell us the idea is wrong. One thing to watch next i
$SK hynix(SKHY)$ Next week GAAP EPS will drop because of the MTM treatment. I don't really understand why any of that is counted as earnings. Either way, GAAP EPS will decline QOQ, but adjusted EPS and operational profits should move higher, likely by 30%.
$POET Technologies Inc(POET)$ The industry is shifting toward a second wave of intelligence beyond large language models. Next concept modeling is coming, and that will require rapid advances in computing. Photonics looks like it will be the key driver for both quantum computing and artificial general intelligence. We're still early in AI, this is just the beginning. The bear case is off. I'm using the dip to position.
$SK hynix(SKHY)$ The dip was driven by nonsense and fear. SKHY just needed the anti-AI sentiment to cool off. Earnings are coming up and the numbers should be strong. On the low end it only runs into the 170s, then it can push back toward 200. Once the election cycle passes, a lot of the AI fearmongering should fade too. Deals should move forward as hyper-scaling builders work with politicians and datacenter construction ramps up.
$SpaceX(SPCX)$ About 10 years ago Tesla merged with SolarCity and it went up 5,000%. It feels highly possible that we are going to repeat the exact same scenario in a couple of weeks. Getting SpaceX shares before the earnings report seems worth watching.
$Micron Technology(MU)$ Probably going to be red because of SK Hynix commentary about expanding capacity and Chinese competition. The daily FUD on this name is honestly getting frustrating.