ORCL Commentator
Likes ReceivedPre-market said it might fall below 63, and it really did.
Set limit orders at 64.8, 63.3, and 61.8, two of which were triggered. The current position cost is 163.9, with a floating loss of 1.58%. There's little point in averaging down now; wait until the floating loss exceeds 5%.
Today, the semiconductor industry is collectively pulling back, and Marvell is further weighed down by negative earnings reports, leading to irrational sell-offs driven by sentiment. A rebound in the short term is unlikely, and a clear upward trend is expected only after half a month or even a month. Patience is key.
$Marvell Tech(MRVL.US) I'm here to set up a position again, placed a limit order, starting to build a position below 65.
No particular logic, just believe that the earnings report will meet expectations and get hammered, and an oversold rebound is inevitable. This has been proven with multiple stocks, so I trust the power of belief.
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