pancherry
06-03 20:43

My Investment Thesis has been changed recently. I have to thank to @Tiger_James Ooi  

I now do avg up for stocks going up or on hype.

Only do Avg down only if I believe the stocks fundamentals or have long term bullish view.

Stick to what you know, for me is $Micron Technology(MU)$  $SanDisk Corp.(SNDK)$  

Both got target price updates and I have bullish view until SK Hynix got listed.

I still occasionally trade for IV Crush during earnings. And probably next week, try to ride the hype for Space Stocks.

Nowadays, I found Long Calls more profitable than Short Put although I still do Short Put Verticals for my smaller account.

Both recent capital recovery was from MU and SNDK Long Calls.

I hope to retain the gains for longer term as well.

Micron Breaks $100, DRAM Sells Off: Hold or Exit?
Micron tumbled 7.74% today, breaching the $100 mark and ending a parabolic record-setting streak. Broadcom's disappointing AI revenue guidance sparked valuation concerns across the chip sector, triggering concentrated profit-taking in memory names — SanDisk fell 3.92% and the DRAM ETF dropped 5.75%. Morgan Stanley issued a fresh rating, but post-parabolic pullbacks tend to be swift and deep. After hitting a trillion-dollar high then snapping below $100, is this a dip to buy or a topping signal to exit?
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