Long at 118.53 (quick flip) - the king is not dead...yet.
This one may not be the 1 day reversal win I always hope for, but I think this is a very overdone selloff. It may continue for a day or two, but it could also rebound 5 or 6% tomorrow, so count me in. I am prepared to weather the storm however, as surely analysts will look to vocally cover their ass3s now that Wall Street's darling has become the Flavor of the Weak (shout-out to American Hi-Fi).
There are few stocks that people get so wildly over-optimistic and wildly pessimistic about as this one, and that is an opportunity, in my mind. It held 117ish support and has more below that, but this move today definitely did technical damage that will take time to repair.
And if the DeepSeek news is legit (consider me still a skeptic) it could do damage here fundamentally long term. The fact is, though, DeepSeek is still running on NVDA chips, not someone else's. Just maybe not as many or as powerful. That's a real concern - or should be if DeepSeek is legit. Even if it is, though, this trade is all about stocks not moving in straight lines up or down. I'm confident I'll make money whatever direction it moves - but up tomorrow would certainly make that job a lot easier.
Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
There are few stocks that people get so wildly over-optimistic and wildly pessimistic about as this one, and that is an opportunity, in my mind. It held 117ish support and has more below that, but this move today definitely did technical damage that will take time to repair.
And if the DeepSeek news is legit (consider me still a skeptic) it could do damage here fundamentally long term. The fact is, though, DeepSeek is still running on NVDA chips, not someone else's. Just maybe not as many or as powerful. That's a real concern - or should be if DeepSeek is legit. Even if it is, though, this trade is all about stocks not moving in straight lines up or down. I'm confident I'll make money whatever direction it moves - but up tomorrow would certainly make that job a lot easier.
Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
Dagangan ditutup: sasaran tercapai
Well that almost couldn't have worked out better. Sold the position for 128.99 at the close for an 8.8% gain in 1 trading day. I LOOOOOOOVE fear and panic.Nota
Trade summary for my records
Wins 1
Losses 0
Avg gain/lot = +8.8%
Avg hold time/lot = 1 day
Avg gain/lot/day held = 8.8%
Annualized return = 8.8% x 252 trading days = +2,218%
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.