Markets basically flat as we head into earnings this week and buyers and automated trading programs are holding by before executing miliseconds after major earnings surprises with massive cash. Of course, we retail investors will see this as just one of those “up” days as tune into the market first thing in the morning because we aren’t cloud based supercomputing beasts and can only access the markets after all the major algorithems have already made their trades for the day.
It’s about 3 hours before markets close, and I bought 442 shares of INTC today after NVDA announed their new server chip to compete with INTC and sellers got their panties in a wad overreacing again and dumped INTC by almost 4%. Nice entry point for me. Yeah for folks worried that NVDA is going to destroy INTC’s well established dominance in the server chip market with their Arm chips, go do your research on how they stack up. Intel’s still the king of the server farm despite all their past fabricating issues. Their marketshare is massive at 92% for a reason – they know server architectures and designing for workloads. Arm chps are known for their power efficiency but not their performance. Sounds pretty important for mobile, but for data centers?
Ok, another possible buy for me today was AAPL. I already own more than enough shares, but they are down today and I’m not sure why. I’ve fallen behind the research on them because they have been so quiet during the past year or two. Frankly, the company just does not remotely excite me anymore. They have an overstated moat in their appstore and phone dominance, but that also makes them constant targets. I’m definitely still holding, but I need more compelling reasons to add to my position.
Lastly, BABA jumps 8-9% from 2.8 billion antitrust fine announcement by Chinese regulators. Investors breathing collective sigh of relief that they are just being fined and not collectively rounded up by secrete CCP police and being sent to re-education camps while the backbone of China’s retail economy crumbles. Sure, I guess that’s worth a 9% bump. Am I buying? Yeah, nope.
Market close update
Bought more INTC for a total of 592 shares today. Let’s see if chips fabricated by Intel become a big player in the auto shortage.
Also bought 4 shares of GOOG.
On BNGO: Goddam guys, I love your story. Genomics, baby. But what the fuck? Sell more machines.
On NNDM: Yeah, you too. Sell more damn machines.
On my portfolio: Nasdaq is down 0.41% and S&P is flat, but my portfolio is up 1% for the day. What does that tell you? My incremental moves of repositioning/rebalancing over the past couple of weeks are paying off! Buy well valuated tech companies with expected earnings growth!
Common sense disclaimer: This post is just a journal. It is not intended to be read by anyone other than for the purposes of entertainment. I am not in the financial services industry, so I am not qualified to give any advice related to investing. Assume I am just your neighbor standing on the curb with you holding a can of beer and shooting the shit.