pancherry
06-03

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 Below $900 on NVIDIA Order-Cut Fears: Buy the Dip?
Micron tumbled 13.25% Friday, breaking below $900 amid fears that NVIDIA is cutting HBM orders. SanDisk fell 11.39% and the memory ETF collapsed 15.08% in a broad sector selloff. Shares rebounded 4.58% in after-hours trading, reclaiming $900. With Micron still up over 270% year-to-date, is this pullback a mid-term entry point or the beginning of the end for the HBM supercycle — would you buy the bounce at $900?
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

We need your insight to fill this gap
Leave a comment