In the News II

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an internet superstar with millions of followers live streamed a "giveaway" in Union Square in NYC and it turned into a gigantic problem with lots of police, damage to property and many arrests - some news reports are calling it a riot






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Showing a META Monthly stock chart (log format).

The dotted line represents a complete back-test of a major trend break.

The intersection is around $350 this month, but next month would be higher.


I'm showing this one because it looks like Meta could rise to the yellow line.

I wouldn't go long but I'll wait to position bearishly at the line.

I have a few picks for a hedge, in the case she runs to the top, not shown here.


The PE is 40.30, which is high, but I know they had a poor quarter or two, so that could come down.

I think social media advertising might be weakening in the USA.


Notice the recent low was $88.09 per share, and now she's $310.73.

That's a nice gain in less than a year.

Almost a four-bagger.

Those folks are ready to take profit, soon.


Can click on the chart to expand it.

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https://imgur.com/0p0EOLy

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By the way, it'll take a wealthy account to enter buy orders to break that trend-line upward.

So someone would have to sacrifice.

Meta could do it with their account.




From their last earnings' report:

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"Share repurchases – We repurchased $793 million of our Class A common stock in the second quarter of 2023. As of June 30, 2023, we had $40.91 billion available and authorized for repurchases."

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Not all CEOs do this, but Zuck might.


Time a bullish report when price is beneath that trend-line.

To try to jump it over the trend-line, leaving a gap.

That could prevent using a large amount of cash to punch price through.

Quote: PotPie

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an internet superstar with millions of followers live streamed a "giveaway" in Union Square in NYC and it turned into a gigantic problem with lots of police, damage to property and many arrests - some news reports are calling it a riot






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I assume he doesn't use a professional manager. It's kind of a weird situation with this new kind of celebrity. Seems like this situation could end as easily as it starts for some of these people. Or maybe I shouldn't say easily. Some of these people have built audiences over years.

A view of a DIS Quarterly chart since 1968 (log format).

Quarterly earnings are scheduled Wednesday at 4:30 PM EST.


If she drops on a miss to the long term trend-line (yellow), there could be strong buying there around $79.

I don't think she'll break the trend downward because there's several trillion sitting in money markets ($5T?).


It looks like an earnings miss is coming for her to bounce on the line.

I'd stay away from her if she doesn't hit close to the line.

The line hit doesn't have to happen this quarter but can happen in future quarters, when the line in higher for a buy price.


Can click on image to expand it.

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https://imgur.com/ZCxsbmw

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This DIS trade will heavily involve algos.

The previous Covid low horizontal projection to now, is not exactly on the trendline for this quarter.

So the bounce might miss the trendline by a tad.

It depends which number the algos are keying on.

Been around a century and first time I heard of it. In fact, I thought it might be the yellow cab company or somthing. Just goes to show you.,,

Quote:

Yellow Corp., a once-dominant US trucking company, has filed for bankruptcy as it winds down its 99-year-old business that employs 30,000 workers.

Quote: rxwine

Been around a century and first time I heard of it. In fact, I thought it might be the yellow cab company or somthing. Just goes to show you.,,

I think there was a tie in with yellow cab way way back.

Quote: rxwine

Been around a century and first time I heard of it. In fact, I thought it might be the yellow cab company or somthing. Just goes to show you.,,

You must not do much interstate driving. I have seen those Yellow freight trailers for as long as I can remember.