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Chris Lau

Mid-week Moves for Wednesday, May 22 2019

After the government held back on immediate blocks against Huawei, chip stocks rallied. The ban will be delayed for three months. More big talk first and negotiations later. How will you trade $LITE $IIVI $CSCO $NOK $QCOM $AVGO?

$AAPL is ~$187 and below the key $200 level on this trade banter. Hold Apple stock.

$INTC, $AMD, $NVDA could all move any random direction. As such, no trade positions available with these three chip stocks.

Ford $F is firing 10% of management staff who make over $80-$85K. Good on Ford. It needs to cut costs and build more trucks, SUVs.

Tesla $TSLA is dangerously close to the $200 support line. One analyst writes the stock is worth just $10 on a worst case scenario. That is a ~$0 valuation. Buy or sell Tesla? Sales are falling.

$SNAP, $FB are stocks to continue holding.

Drug stocks are recovering. But not much. $MNK fell 27%. It is suing HHS on Acthar Gel.

The easy money on $TVIX, $VXX is over.

What are your Wednesday Trades? More pain with holding Baidu $BIDU?

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