$Micron Technology(MU)$ $SanDisk Corp.(SNDK)$ $Western Digital(WDC)$ $Roundhill Memory ETF(DRAM)$ Bears are struggling to find bearish angles on memory right now, so they've shifted to sharing articles about a global economic collapse coming soon. That feels like a sign of desperation. They had their window to cover early. For about 20 days they pushed narratives that were mostly noise and baseless arguments. Bulls stayed quiet and trusted the bigger picture. They tried deleveraging concerns and China-related fears to knock it down, but none of it stuck. People come and go, but the fundamentals remain st
$Roundhill Memory ETF(DRAM)$ I've been holding some December $70 leaps. Hoping this can push well into the 60s this week and keep grinding higher from there.
$Roundhill Memory ETF(DRAM)$ The U.S. warning to Apple about not buying chips from China could act as a tailwind for memory stocks heading into the new week.
$POET Technologies Inc(POET)$ Going through the key points from their most recent earnings report. The ramp is still on schedule, and they confirmed an agreement with a Tier 1 laser company. There was also a $2.5m order from a repeat customer, and based on the accounts receivable recognized, shipments do seem to be moving out. There are some rumors floating around that NVDA might be using the POET Optical Interposer in their latest optical product. If that turns out to be accurate, LITE could be the Tier 1 laser company they referred to.
$Lumentum(LITE)$ I'm not selling anything as a long-term holder. The selling pressure looks more like day traders trying to grab a quick profit and move on. I can't really blame them, but I've been long here for 20 years and have no interest in selling at all. I don't need the money right now and sure don't want to pay a bunch of taxes on it. The grandkids will probably deal with it someday though. Feeling pretty fortunate to be long here.
$Coherent(COHR)$ Expecting an open above 380. The AI cycle is just getting started, and this supercycle could run for years. Copper will ultimately be replaced by fiber. Algos might load up cheap tomorrow, similar to what happened with LITE.
$Coherent(COHR)$ The stock is rallying into the call, just as I expected based on how $Lumentum(LITE)$ played out. The earnings report was outstanding. No reason this shouldn't be trading higher after that print. Everything beat, and guidance came in 21% above expectations.
$Lumentum(LITE)$ $Coherent(COHR)$ It feels like the smartest people in the world work for these two companies. There is just something different about them compared to the rest.
$Lumentum(LITE)$ When a CEO says his firm's backlog consists of contractually paid orders, that's a pretty big deal. I wish I had caught him saying that sooner, but I still think there's substantial upside going forward.