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$Arm Holdings (ARM.US)$ why it is like going to be red in th...
$Arm Holdings (ARM.US)$ why it is like going to be red in the next pre market session
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EnorrisBEAST : It's gonna gap up and then have a sell off
JC1616 OP EnorrisBEAST : 20% wiped off from the highest point![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
EnorrisBEAST : We will see. Most companies with a huge run up have a sell off at night, then the next morning everyone else wants to get in the action, then another sell off. Plus NVDA uses their chips. They are on traders' radar now. Just my thoughts.
JC1616 OP EnorrisBEAST : My opinion is that shouldn’t apply on ARM, SoftBank hold 90% and more, if Softbank doesn’t sell then who will be the one sell off?
aoimizu JC1616 OP : mmm curious. Going by this logic, then who's driving up the price? SoftBank?
SmokingGun : SoftBank dumped at 105. That’s unusual for a stock with epic earning report to pump and dump aftermarket single session.
JC1616 OP aoimizu : SoftBank pushed 40%+ to 105, now still earned 20% + more to dump it. The best way for SoftBank to sell is on the quarter report no matter is good or bad, there will create awareness from others. Or else how can it trade it’s shares, 90%+ holdings won’t attract those big institutions.
Anyway, Overvalued is overvalued, current all tech companies at least went to forward 10 years PE
aoimizu JC1616 OP : yeah I also think it's overvalued... let's see ...