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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (9036)	11/6/2024 8:51:26 PM
From: Sun Tzu	1 Recommendation Recommended By toccodolce Read Replies (1) \| Respond to of 10550

Wolfspeed — The semiconductor manufacturer tumbled 17% after missing revenue expectations and offering weak guidance for the current quarter. Wolfspeed generated revenue of $195 million in the first fiscal quarter, missing the consensus estimate of analysts polled by LSEG by $5 million. The company said to expect between $160 million and $200 million in revenue during the current quarter, under the $215 million figure expected. =+=+=+= It's actually down 28% in the AH. This is a bigger drop in WOLF than I had predicted. As you know I am out of all my WOLF positions but a token holding so I keep track. I may need to rethink my reentry plan. I find it likely that at the next cycle peak, WOLF will be 3x - 5x higher than whatever low it hits tomorrow. And it might even go 10x - 20x. But that is 3 - 5 years away. As an investment, those are good odds and great returns over a 5 year time frame. But there's no rush to accumulate it tomorrow, so long as you don't forget about it. Using GTC Stoploss orders for very small sizes to buy as it hits your targets is a good way to not forget about it without tying up a lot of capital.