With only a 3 billion market cap this stock has potential to rocket from retail money. Love the ticker. This stock has already had a huge rally this year and I expect it to continue and become a new meme stock of sorts, fueled by hype for the AI sector. Target is 109, the price it reached on it's IPO day.
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To be clear, this trade is on pure speculation about the AI hype cycle continuing. It has nothing to do with financials. For me, it is a small position, risking 1% of my total account if I get stopped out.
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Looking good, I was close to getting stopped out after opening the trade, but the $19 level proved to be a good choice for the stop. For more volatile names like this it is important to give them more room.
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Things are getting interesting. I have this trade on and am waiting to see what next week brings.
Comment:
I will sell half the shares on any close under 33 now. the rest i will keep as an investment and hold. until i change my mind or make a lot of money