Shyon
07-09

I find Circle $Circle Internet Corp.(CRCL)$ 8.5% rebound this week intriguing, especially with some investors betting on its comeback like a meme stock. Circle being back in the 200 dollar range is tempting, but I am hesitant to jump on the wagon just yet. Meme stocks often ride waves of hype, and while the rebound is promising, I prefer to see more consistent performance before committing.

My view on meme stocks like Circle, Big Bear $BigBear.ai Holdings(BBAI)$  , and Wolfspeed $Wolfspeed Inc.(WOLF)$  is cautious but open. These stocks can offer explosive short-term gains driven by retail investor enthusiasm, as seen with past trends. However, their volatility makes them risky, and I approach them with a mix of curiosity and skepticism. Circle, as a stablecoin-related entity, has a unique angle that might sustain interest, while Big Bear and Wolfspeed seem more speculative. I see potential in their narratives, but I would need stronger fundamentals or a clear trend to invest seriously.

With these stocks gaining attention, the idea of playing quick in and quick out crosses my mind. Given the current market buzz, a short-term trade could be profitable if timed well, especially with Circles recent momentum. However, I am wary of the rapid shifts that characterize meme stock movements. I might consider a small position to test the waters, but I would set strict exit points to avoid getting caught in a downturn. This strategy suits my preference for managing risk in high-volatility plays.

Looking at the broader picture, I believe Circles rebound could signal renewed interest in stablecoin and crypto-related investments. If this trend holds, it might lift other names like Big Bear and Wolfspeed, especially if market sentiment stays bullish. Still, I am not convinced this is a long-term play for me. My focus would be on capitalizing on the hype while it lasts, rather than holding through potential corrections. The 200 dollar range for Circle feels like a psychological level, and I would watch how it behaves around this mark.

In summary, I am intrigued by Circles rebound and the meme stock revival but would not jump in hastily at the 200 dollar range. My view on Circle, Big Bear, and Wolfspeed leans toward short-term opportunities rather than long-term holds, given their speculative nature. I might play quick in and quick out with a small stake, leveraging the current attention, but I would prioritize risk management. For now, I will monitor the situation closely, ready to act if the trend solidifies or fades.

@Tiger_comments  @TigerStars  @CaptainTiger  

Circle Dumping Risk? Cash Out at $150 or Time to Bottom?
Circle beats revenue but fell as it 5% as it files to sell 10M shares of Class A common stock. Circle reported a net loss of $482 million in the second quarter, compared with a $33 million profit a year ago. Revenue increased by 53% to $658 million, surpassing Wall Street estimates of $646 million.
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Comments

  • JackQuant
    07-09
    JackQuant
    Smart take.πŸ™Œ Watching that $200 level for confirmation makes sense. Short-term trades here need tight risk controls with this kind of volatility.⚠️
    • Shyon:Β 
      Thanks for sharing your point of view here, good one
  • HaydenBruce
    07-09
    HaydenBruce
    It's wise to stay cautious with meme stocks.
  • CynthiaVogt
    07-09
    CynthiaVogt
    Interesting take on Circle and meme stocks! [Cool]
    • Shyon:Β 
      Thanks for your compliments
  • Gabrielbobby
    07-10
    Gabrielbobby
    Any view on wolf stock ?
    • Shyon:Β 
      Speculation and only suitable for short term trade. Long term position still need a longer horizon view of its fundamental improvement.
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