/biz/ - Business & Finance

>>23705264

>>22937056
>look at micron
>it did a fucking V shaped recovery dropping to around 42 and bouncing all the way up into the 50's again

what changed? covid is still a thing so i'd assume the supply issues are still a thing?

>>21984557
the VWAP or Volume Weight Average Price, it says it right at the top of the chart, anon. it's an important institutional metric that you should learn about.

>>21984108
>Looking at MU though on the hardware side.

just so you're aware, MU is a covid recovery play. don't get in on them now, they're fucked as long as covid is a thing because there's a major supply-side issue with memory right now (lots of companies stocked up on it and aren't really buying more as they also cut back on budgets to survive through the covid economy). i think they'll be an excellent buy once we get a vaccine or something and things start returning to normal, similar to how i think there should be a good fast food play somewhere when people are allowed to dine in restaurants again without restrictions or fear of covid. or how airliners should be good but only when people can fly again regularly without fear of covid and the dust settles on probably M&A that happens as the sector likely consolidates to deal with all of the money they're hemorrhaging over this covid mess.

the key imho is not to try to jump the gun and get in too early. there's plenty of money to be made when you have confirmation on the recovery beginning and momentum shifting to the upside for these companies. but you have no idea when that recovery will happen, and there's a lot of room for downside if it takes longer than you expected. you want to be fashionably late to the party.

>>21788463
idk, just do your DD if you think that. i know pic related about MU at least for example which is why it's still dropping. idk if this also applies to WDC. also if you're looking on the level of years you may be right if WDC management is strong, idk if it is but that's up to you. if you can handle it potentially still going down on you, maybe focusing on DCA'ing into it, then you would probably be right in say 5-10 years after covid is over and things recover. depends on your time frame. i also dont know what their balance sheet or debt look like. personally i'd ride the momentum on shit like AAPL and TSLA now and when the recovery actually happens, THEN you get into WDC or whatever, instead of trying to get in early and being underwater for years potentially.

>>21718294
>he bought a stock that broke out of the range to the downside

lmao dude why the fuck?