Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (56332)	7/31/2024 5:40:48 PM
From: Trader J	Respond to of 56532

QCOM: Wow, what an AH move. Traded into the $190s and then right back to $178. I already trimmed QCOM over $200 and not looking to add more at this time.

To: Trader J who wrote (56332)	8/1/2024 8:12:53 AM
From: Zen Dollar Round	Respond to of 56532

Over time I have found great entry points and value when buying stocks in AH trading if the stock is down substantially –– unless there are compelling reasons for further downside, such as a negative forecast or a damaged reputation or business model (cough CrowdStrike). Downward action in AH tends to be an overreaction, punctuated with sharp spikes, then later recovering some of the loss in the same AH session or the next trading day. Note: This trend only applies when the overall market is bullish or trading sideways, not during extended corrections or bear markets. In those cases, stocks will often continue falling as investors unload stocks across their portfolios, accelerating any initial AH activity after earnings reports. While I have no formal analysis or data to back this up, it comes from long term observations of trends I've noticed with stocks in my own portfolios.