ARM: Be careful chasing hot IPOs.
Updated
ARM see a lot of FOMO here.. Remember:
- Don't market buy. They will fill your order as high as possible.
- Don't FOMO buy. Don't force a trade.
- SoftBank is a dumper. They tried dumping ARM in 2020 for a +25% gain to NVDA. Let that sink in.
- Also, don't short it. You might get roasted.
- SoftBank bought 25% stake at 64B valuation recently. That means that should serve as a decent floor. The other floor is 40B which
NVDA would scoop up I imagine.
Follow for more tips & like this post. Your support is appreciated.
Comment
There is no chart for this. There is no price action. There is no recent trading history. This is a shot in the dark. There is not enough fundamental analysis even. You need to be careful. If you're buying anyway: size in slowly, don't buy all your position at once. It's okay to miss on a gain, but it's not okay to not have buying power and watch your position wither away.
🔥 Trade with me & learn: discord.gg/buythedip
FREE full trading strategy & free options flow bot. Daily entries & exits. Swings. Daytrades. Lessons. Goal is to make you a seasoned trader.
FREE full trading strategy & free options flow bot. Daily entries & exits. Swings. Daytrades. Lessons. Goal is to make you a seasoned trader.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.