ARM: Be careful chasing hot IPOs.NASDAQ: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 NASDAQ:NVDA would scoop up I imagine.
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