Whatever the reason, a 9.78% drop puts Lumentum into the oversold territory.
2 ways to play this:
A: Bet on the oversold rebound.
It could be an over reaction. The market is behaving like a panicked herd of cattle. For a disciplined investor, this could be a gift. If you have the stomach for volatility, buying a small tranche now allows you to capture the classic rubber band bounce.
B: Wait for the bottom& information
The safe play is to sit in your hands & wait for the decline to stop. Waiting for a solid day of green consolidation ensures you don't get crushed if that 10% slide into 20%.
My Take: Take a nibble with a small batch. If it snaps back tomorrow, you can smile because you bought Lumentum at a discount.
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- JoannaDarwinยท10-13 21:03I don't buy the panic-gift setup. A near 10% drop can stay oversold when rotation is real, so I'd wait for actual stabilization firstLikeReport
- icycrystalยท10-14 16:58thanks for sharing1Report
- zumaยท10-14 06:53thx1Report