AMD’s p/e ratio is 133. ARM’s is 286. There’s only so long people are going to respect the circle jerk mutually beneficial virtuous cycle among chipmakers and hyperscalers. This insanity with the semiconductor will end, and I’d like to suggest this price channel has something to do with it.
Over the years, there have been a ton of posts about Planet Fitness (PLNT) written both by me and others. This thing is such a tricky beast! Just look at this:
This whole “market closes at 4″ thing isn’t my bag. My crazy get-up-at-5 a.m. and wrap the day by 1 p.m. is what I’m used to, but oh well, it’s just one more day. Plus, now that I’m traveling, the market has permission to fall, as the /YM undid all of yesterday’s silly mega-rally.
Here are four stocks I have sold short today, zoomed in on the most salient portions of recent history. As always, the dashed red line represents my stop-loss price.
