How many people were fooled today and then sold off?
$Snowflake (SNOW.US)$
Were you misled by institutions? What are they saying? $Salesforce (CRM.US)$ (I personally think CRM was oversold today) The expected outlook is not good, neither is Snow, and they are talking about the valuation being too high. It's all their trick to buy low! Leading to a continuous plunge to $308! But I'm not selling! Not only am I not selling, I'm also opening call options at $310.![]()
According to past experience, unicorns like this (was worried about it being at $380-$400 a few weeks ago, unable to enter) now have no adverse news, purely due to a few institutions talking nonsense and causing consecutive days of sharp decline, 80% is a gold pit. I like to take advantage of such opportunities to increase positions and buy call options.![]()
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Were you misled by institutions? What are they saying? $Salesforce (CRM.US)$ (I personally think CRM was oversold today) The expected outlook is not good, neither is Snow, and they are talking about the valuation being too high. It's all their trick to buy low! Leading to a continuous plunge to $308! But I'm not selling! Not only am I not selling, I'm also opening call options at $310.
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xmomentx : 15percent jump in post market is over-react . If market fall again tomorrow , it will become a bearish candlestick by end of the day, instead of showing reversal .
牛牛Ariel OP xmomentx : $311 is definitely under the value. With such a strong earnings report and good forecast, I doubt it will go into the bearish direction. Even though the general market is going down tmr, it may just increase a little bit or go down with the market a little, it will be one of the hottest stocks that bounce back immediately once the market rallies.
牛牛Ariel OP xmomentx : tech analysis is just for a temporary assistance; fundamental determines Its value. We will see.
牛牛Ariel OP : I just sold the call option today. 50% gain for just holding one day! Love it~
Now I will just wait for the wave again. And then will buy shares instead, for long term holdings.