Seller’s remorse, buyer’s regret, and loss profit revenge
Upon the opening of the bell, the share price sky rocketed by another $20+ per share but I regretting pressing the SELL button.
Arm Holdings plc (ARM) share price popped more than 40% on 08 February 2024.
Like any trader, let me share my thoughts, regrets and lessons to be learnt.
First, let’s go back to 29 January 2024 when Super Micro Computer Inc (SMCI) released its earnings for the quarter and the share price jumped from the low 300s to the low 400s! To-date, it’s currently hovering at around the low 700s price. That’s a whopping $100 increase in less than 24 hours to $400 increase in a week and less than a month!
Now, what does this have to do with ARM today?
With all the hype surrounding AI, I was too focused on NVDIA. Can’t believe that SMCI flew under my radar, even though much earlier I might have read somewhere that NVDIA and SMCI were connected.
Anyway, back to ARM again.
Seeing how SMCI moved, I “knew” (not insider trading knowledge) or rather, my guts told me that ARM was going to make a big move on its earnings release.
Looking at other tech stock earnings, most of the stocks jumped by a huge amount! Except…
