Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
AI players mixed signals: What's the way forward?
Views 225K Contents 52

$Arm Holdings (ARM.US)$ I read many of the comments and peop...

$Arm Holdings(ARM.US)$ I read many of the comments and people are questioning well it's getting pumped up to past 2 days. there's two things that are happening number one a lot of institutions a lot of hedge funds that were favorable for arms future dumped in the after hours following the report the volume was enormous and there was 100,000 block shares that I lost track of how many were sold and same thing early hours the next day. so people eliminated their positions they close them out and then you had shorts that attacked the stock. once the report which Goldman Sachs was the one that initially came out and said that there was a drop in revenue and then the media went wild and these bobblehead analysts were saying that they have a drop in revenue they have no revenue growth and all this other bullshit it spreads like wildfire. but the next day what happened is thankfully of all people Cramer he brought on the CEO on CNBC during the daytime and had an interview a live back and forth question and answer and it put at rest the concern of the erroneous report by Goldman Sachs analyst. and it stopped the burning if you will it stopped the fire sale the short sellers and now all of a sudden people came to realization that the automotive industry that they sell to that little tiny segment that everybody laughed in and said it was a declined top line revenue negative revenue growth it was not true and that they're still immensely profitable within the automotive segment which is in a trough that means a valley in between a product cycle which means it's only going to go higher in second quarter third quarter fourth quarter this year. so all of these people that unloaded sold closed out their positions now have to buy them back because they were wrong and the shorts they're getting burned. and morons like guy adame that sat on CNBC and said oh it's a very expensive stock they have no revenue growth you look like an idiot and if you had a pair of balls you'd admit you were wrong and apologize for your stupid comment without having facts.. so that's why it's going back up because the future is very bright for this company
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
1
+0
2
Translate
Report
23K Views
Comment
Sign in to post a comment
35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
602Followers
8Following
4861Visitors
Follow
More from 10baggerbamm