$Spire Global (SPIR.US)$ Yesterday, the stock price plummeted by 50%, resulting in an overnight paper loss of $9,000 (approximately RM40,000). My automatic stop-loss Market Order could not be executed during the night session, leaving me to accept this wave of decline.
I think this is a rare practical experience, and I would like to Share my thoughts on how to respond to a sharp decline:
1. First, identify the reason for the sharp drop in stock price.
SPIR is a stock in the space sector, and I really like its business. In November last year, it signed an agreement to sell certain businesses to another company, which caused the stock price to rise. Subsequently, that company defaulted, and SPIR officially issued a lawsuit statement yesterday, leading to a correction of the price increase and a gap down.
Although this wave of news is bearish, it isn’t severe for me and does not directly affect the business model of SPIR, which I am bullish on.
2. Let's analyze the stock price after the sharp decline.
In my previous YouTube video about "gaps", it was mentioned that when stock prices experience a gap down, it indicates a Bearish market, leading the market to prefer selling off, which is often irrational.https://youtu.be/udX6jEygML8
From a technical perspective, the stock price fell sharply to around $9 last night, even lower than the price before the acquisition in November last year. For me, this price level is an overreaction to the bearish news and aligns with the irrational market reaction in gap theory. Therefore, there is no rush to cut losses; $9 is already a reasonable price in the bottom area (meaning that even if the lawsuit is unsuccessful, this company is likely still worth...).

Good morning mooers! Here are things you need to know about today's market:
Tuesday the US Market Pulls Back After Nvidia All Time High.
The FBM KLCI ended its three-day losing streak with a higher close.
Stocks to watch: Swift Enetgy,Airport.
- Moomoo News MY
Wall Street Summary
$S&P 500 Index (.SPX.US)$ 5,909.03(-1.11%)
$Dow Jones Industrial Average (.DJI.US)$ 42,528.36(-0.42%)
$Nasdaq Composite Index (.IXIC.US)$ 19,489.68(-1.89%)
...

$United Money Market Fund-Class R (MYU9100AN000.MF)$ I subsribed this fund on 20th Sep and applied the 2% 30 days yield coupon. Was able to receive the 2% returns daily but it ended on 11th Oct.(Only 20 days?) I thought its suppose to be 30 days intead of 20? Please advice.

Join this Positive Yield Challenge with global traders and compete for a share of $100,000 in cash rewards! Tap this link to begin>>

Participate in Guess for Prizes and become eligible for a share of $100,000 in cash rewards! Tap this link to begin >>

Hi, mooers!
$Taiwan Semiconductor (TSM.US)$ is releasing its Q3 2024 earnings on October 17 before the bell. Unlock insights with TSM Earnings Hub>>
For the details of indicator sentiment, please tap the link and check.
Since its Q2 2024 earnings release, shares of $Taiwan Semiconductor (TSM.US)$ have seen an increase of 11.42%.How will the market react to the upcoming results? Make your guess now!
Rewards
● An equal share of 5,000 ...

$United Money Market Fund-Class R (MYU9100AN000.MF)$
Put in 70,050. Now get 9.11 every day. Nice!