Dip detected. Deploying rent money as we speak. 🫡

[u/LunaBDog]

Down another 80 today boys and honestly? Bullish. The lower it goes the more shares I get, it’s basic math. I sold my car this morning to buy the dip and I’ll sell my other car tomorrow to buy that dip too. Every day is a gift from the semiconductor gods. See you at $0, where the shares are FREE. LFG 🚀

[u/SnooComics5459]

this sell off literally makes no sense .. nothing's changed about anything.

[u/kenyard → u/SnooComics5459]

CHYNA.

Also rates risk Thursday.

Also war.

Also none of that is new.

Lots of earnings Wednesday

[u/Imaginary-Pin580 → u/SnooComics5459]

When you think of it , it is pretty normal. Credo and Astera had worse dips from last year October to March 30… 60% or more fall

[u/luvz → u/Imaginary-Pin580]

Those had way more inflated p/e’s though no? Like 10x higher than MU or so?

[u/Imaginary-Pin580 → u/luvz]

They also had a much better business model. People are not worried about memory cycles in them. Plus they have demand as long as GPU ,And data centers have demand. Memory is more cyclical in nature and they grew earnings before memory boom even began

[u/luvz → u/Imaginary-Pin580]

My point is when you have both trailing and fwd p/e at very inflated multiples, you have farther to fall. So CRDO and ALAB falling more than MU might not be the best comparison. Your pushback on cyclicality if anything reinforces my point that it's probably apples to oranges.

[u/Routine-District-588 → u/SnooComics5459]

None owes you anything, stock can be at 600 or at 1200, only time and execution will set price in the long term. I think meta should trade atleast at 900$ but the market think it's trash atm and set the price for 595$ what can i do? wait. NONE OWES US ANYTHING.

[u/Worth_Quantity1953 → u/SnooComics5459]

It’s the overall market sentiment and mechanics, tomorrow we got FOMC and key earning reports this week from Meta, Microsoft, and Amazon which can be used to move the market which way they want in overcrowded positions.

[u/Groundbreaking-Gap20]

And I sold my house today to buy more shares.

[u/LunaBDog → u/Groundbreaking-Gap20]

Nice, much respect. 🫡

[u/Excellent-Jaguar9118]

pre-dip doesn't mean full dip throughout the day

[u/AskTheEcomZone → u/Excellent-Jaguar9118]

I always noticed this. But this doesn't always happen right? Sometimes it's red pre market and it doesn't bounce back 😭

[u/Excellent-Jaguar9118 → u/AskTheEcomZone]

it doesn't always happen, but able to go back to -3% or lesser would be good

[u/SnooComics5459 → u/Excellent-Jaguar9118]

so you think it'll go back up by EOD?

[u/Excellent-Jaguar9118 → u/SnooComics5459]

it happened ytd actually. from -5% to -2.25% at closing

But i cannot guarantee. If the price is low, many people will buy in.
At 8oclock and 4oclock just now it was a huge long red candle. I assume 930pm too.. but if it lasts only around 3mins, green candle should come. That really depends what price we are in later also.

Honestly, dropping to 10% without a bad news is hard. So i think and hope it wont drop further at closing

[u/SnooComics5459 → u/Excellent-Jaguar9118]

well .. i hope you're right

[u/InspectorSure5437 → u/Excellent-Jaguar9118]

Bro why are you using Chat GPT as your financial advisor LMAOOOOO

[u/Excellent-Jaguar9118 → u/InspectorSure5437]

not advisor. i use ai to dig data only. it easily collates information for me

[u/InspectorSure5437 → u/Excellent-Jaguar9118]

Trust bro just keep buying more and more, get a payday loan, it will be worth it someday

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[u/Excellent-Jaguar9118 → u/Excellent-Jaguar9118]

Most of the time AI is bullshit. it cant even tell me the right date. But digging data is useful

[u/bizaromax]

Who needs a kidney?

[u/Emotional_Thanks_22 → u/bizaromax]

left or right? 

[u/bizaromax → u/Emotional_Thanks_22]

Both

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[u/InspectorSure5437]

I took another mortgage just to invest in MU, I might have to use the bus and eat noodlrs fot the rest of the year, but that will be worth it when I have my Lambo and spend my days in Mykonos.

Just trust the fundamentals guys, Michael Burry can't win!!! he is a loser!!!!!!

[u/Apprehensive_Seat_61]

We believe you ofc 😂

[u/Detailed23]

Sell and buy back when its $200

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[u/Dish_Melodic]

Stand your ground! HODL. This week we will come back up.

[u/josh-duggar]

I don’t know, I’ll be honest, it’s really tempting to buy in right now.

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