$Marvell Technology(MRVL)$ US-Iran tensions and the possibility of failed negotiations are driving this broader red reaction across the markets. Patience is needed here. Looking forward to a positive earnings report on the 27th. Nothing else has changed, this is the usual overreaction.
$Marvell Technology(MRVL)$ Don't sell into the algo-driven headfake. It's all orchestrated. Just sit back, the market is still intact. Nothing has changed. Continue upwards into earnings.
$Marvell Technology(MRVL)$ Great company. Any major sell-off looks like a buying opportunity, and somewhere in the 150–175 range seems like a reasonable entry point.
$Marvell Technology(MRVL)$ Ideally it holds 217, which I think it will unless the whole market flushes. It has continued to show an uptrend since late July, and that upward trend still looks intact. It will likely trade within a range below 240 until earnings. I bought a few puts after closing out my calls. No need to be a bear or a bull, just trade both sides.
$Western Digital(WDC)$ It was an exciting day. I sold my $500 calls for a big profit. On $Marvell Technology(MRVL)$ , I started trimming into the earnings run-up. I still think it will crush earnings, but I see a major rug pull coming. $Lam Research(LRCX)$ has a nice reverse head and shoulders setup. Stan D. loaded shares in the recent F13 filings, and I think it will run up nicely in the coming weeks.
$Microsoft(MSFT)$ The only "adverse" news I could find is that OpenAI is working with NVDA on data centers. Is that really bad news? MSFT was constantly getting hit for its close relationship with OpenAI, and now it's getting hit for distancing itself a bit from OpenAI. Which is it? SMH.
$Marvell Technology(MRVL)$ I really don't like overnight trading quotes, it's just noise to me. I think it was up around 6 at one point. It's been leaking all morning, and we need 300.