Impinj, Inc. Message Board

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Technology Stocks : Impinj, Inc.

PI 163.84

-3.1%

Nov 7 3:59 PM EST

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To: Cooters who wrote (172)	6/14/2023 8:41:38 AM
From: nicewatch	Read Replies (2) of 478

Glad I added back a bunch in various accounts in the late April and early May miss last Q. Never touched my lower priced core in taxable accounts but was just a bit lighter going into it. To be fair, it's starting to get short term overbought on some of my charts so I'd prefer it back and fill a bit and not just race higher although some of that may depend on the current tech momentum. The most important thing that happened on that miss, imo, is that the gap from last October closed while also creating a higher gap that will eventually close as well. That day believe was third highest ever nominal volume and was #1 by far highest on dollar volume. Going back to last August, the VWAP two big spikes or humps were around the high and the low of that day. So that should be a huge anchor of support going forward but don't think it retraces that far unless tech stocks get cold again in the short term. A big risk now, imo, is that they properly "kitchen-sinked" guidance so there are no more negative surprises in the near term because street analysts tend to sour after a few Qs of missed numbers. TWT, FWIW.

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