Hi all! My opinion is that tod

Hi all! My opinion is that today will be a great time to sell into the third day rally. I am rotating out of chips AI play myself. My long positions are all non chips play like SEA, Palantir and Tesla. Stocks which l believe to be able to stay strong even under a market correction, especially SEA and Tesla as they are rallying from a recent low with good reasons.

My view is that a correction is coming for the market and though l am surprised at the earnings season buying strength, l will not be buying into this dip just yet. In fact, l will be looking for trading opportunities to short ARM with 1-2 weeks long put options at the strike price of around $100. I believe a reversal tonight with economic data and three mega tech companies reporting tomorrow is very possible. May everyone who is with the market Huat Ah!

Modified in.04-24

Nvidia Roller Coaster: Buy on Dip or Sell on Rally?

Nvidia has been taking roller coaster ride since last Friday. After the rebound, Nvidia's issues have not been fully resolved. ---------------------------- Will you bottom semi stocks? What's your target price for Nvidia? Is the correction over? Will you buy on dips or sell on rallies?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

CynthiaVogt
04-24
CynthiaVogt
Your analysis is solid and relevant.
bostonxsgp
04-24
bostonxsgp
k
Barcode
04-24
Barcode
Thanks Jo 👍

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After the rebound, Nvidia's issues have not been fully resolved.\n----------------------------\nWill you bottom semi stocks?\nWhat's your target price for Nvidia?\nIs the correction over?\nWill you buy on dips or sell on rallies?","image":"https://community-static.tradeup.com/news/dd7b06185eee49b7ce13ef9d696e3d7d"}],"images":[],"coverImages":[],"html":"<html><head></head><body>Hi all! My opinion is that today will be a great time to sell into the third day rally. I am rotating out of chips AI play myself. My long positions are all non chips play like SEA, Palantir and Tesla. Stocks which l believe to be able to stay strong even under a market correction, especially SEA and Tesla as they are rallying from a recent low with good reasons.&nbsp;\nMy view is that a correction is coming for the market and though l am surprised at the earnings season buying strength, l will not be buying into this dip just yet. In fact, l will be looking for trading opportunities to short ARM with 1-2 weeks long&nbsp;put options at the strike price of around $100. I believe a reversal tonight with economic data and three mega tech companies reporting tomorrow is very possible. May everyone who is with the market Huat Ah!</body></html>","htmlText":"<html><head></head><body>Hi all! My opinion is that today will be a great time to sell into the third day rally. I am rotating out of chips AI play myself. My long positions are all non chips play like SEA, Palantir and Tesla. Stocks which l believe to be able to stay strong even under a market correction, especially SEA and Tesla as they are rallying from a recent low with good reasons.&nbsp;\nMy view is that a correction is coming for the market and though l am surprised at the earnings season buying strength, l will not be buying into this dip just yet. 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