Also added $PENG ( Penguin solutions ) on this 10 year base breakout it has formed
This could get very explosive in the coming weeks. Saw a LOT of bullish option flow on it before market close yesterday
It's a 7-10x to catch up to its peer's P/S ratios, the market really isn't giving the company it's credit yet & i think that's where the value is
Seems to be early in the photonics/memory re-rating cycle, i can't imagine it breaks a 10 year base w/ good volume & doesn't run a lot higher from here
I’m long $PENG (Penguin Solutions).
Stock is trading at 1.3x sales.
Memory segment +63% YoY.
Management raised full year guidance.
They’re now working on photonic memory.
@jaysinjailagain@DGretta_Author Lot of sharks hang around that drop off.
I was just trolling rapalas for yellows and I usually stop at the drop off and turn around
@optionscjp LFG dude that’s a good one! South Island has been biting so good on the iron / trolling xraps. Ive been fishing everyday. Doing a trip next week for big bluefin, stoked!