pootpoot
commented on a stock · Dec 19, 2024 19:50
$Micron Technology (MU.US)$ o dear so many downgrades. break...
$Micron Technology (MU.US)$o dear so many downgrades. breaking 84 will open to the downside between73 - 78. theres a strong demand zone around60-63. if it reaches73i will open my starting position . (yep sounds absurd. but with amd as an example, i believe its all possible now). well im not going to short it particularly... but if its rebounding today, might get some vertical puts at least 1 month down the road..
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Master K
:
There's no trust in analyst ratings ... Firstly those analysts have < 50% hit rate which is basically worse than a coin toss probability and secondly they change their ratings after the stock price changes ... so where is the authenticity of their initial rating? All are hand in glove with the institutions.
pootpoot
OPMaster K
:
i agree.. but well.. its quite rare for semicons to miss revenue estimates (although its just by a scratch). and quite a bit on guidance. thus the downgrade i believe. to me... im fairly positive for semicons over the long run. not a fan of micron due to the terrible chart i always emphasised.. but if its cheap enough, i would get in.
pootpoot
OPAmazing JS
:
books, online videos, adam khoo courses (lol). paying market makers school fees and experience. technical analysis is your core, buy/sell is basics, options is enhancement.
pootpoot
OPiG68
:
uh yes... because apart from broadcom, all semicons tanked after earnings. (nvda, tsm (light tanking), qcom went up and tanked right after too).
i believe its repositioning the stock (usually overselling it and some buybacks before earnings). now that the guidance is quite a miss, i would think its a high probablity trade. but would like to take a look at the rsi and time frame charts before i buy it.
pootpoot
OPHuatKueh2020
:
just trade slowly and always troubleshoot/reflect on your shortcomings and improve them. emotional is the biggest barrier for me to overcome doing trading.
HuatKueh2020 : hi @pootpoot do you trade for living? or you have full time job too?
Master K : There's no trust in analyst ratings ... Firstly those analysts have < 50% hit rate which is basically worse than a coin toss probability and secondly they change their ratings after the stock price changes ... so where is the authenticity of their initial rating?
All are hand in glove with the institutions.
pootpoot OP Master K : i agree.. but well.. its quite rare for semicons to miss revenue estimates (although its just by a scratch). and quite a bit on guidance. thus the downgrade i believe. to me... im fairly positive for semicons over the long run. not a fan of micron due to the terrible chart i always emphasised.. but if its cheap enough, i would get in.
pootpoot OP HuatKueh2020 : full time trading.
Amazing JS : Can you share with us where you learnt or picked up your investment knowledge for technical charting, options trading, etc? Thanks.
pootpoot OP Amazing JS : books, online videos, adam khoo courses (lol). paying market makers school fees and experience. technical analysis is your core, buy/sell is basics, options is enhancement.
iG68 : I assume u will go with bearish vertical put set up......if rebound....
pootpoot OP iG68 : uh yes... because apart from broadcom, all semicons tanked after earnings. (nvda, tsm (light tanking), qcom went up and tanked right after too).
i believe its repositioning the stock (usually overselling it and some buybacks before earnings). now that the guidance is quite a miss, i would think its a high probablity trade. but would like to take a look at the rsi and time frame charts before i buy it.
HuatKueh2020 pootpoot OP : @pootpoot can I join you? sick of working
pootpoot OP HuatKueh2020 : just trade slowly and always troubleshoot/reflect on your shortcomings and improve them. emotional is the biggest barrier for me to overcome doing trading.
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