Are you stupid?
1. $JBL mass producing 1.6T LRO is revenue.
2 O-Net mass producing ELS is revenue.
3. $GFS using $SIVE as reference laser for the hyperscalers is revenue.
4. Ayar joining $NVDA NVLink for CPO and using $SIVE for mass production is revenue.
5. Other pluggable players, potentially Eoptolink/Innolight mass producing pluggables with $SIVE as lasers is revenue.
6. $POET entering volume production is revenue.
Who me? I’m a trader, not an ideologue. This is not a religion for me. I was stopped out of my long around the 109-110 mark last fall. It’s been short side ever since. But we are just now getting into my long term Fibonacci retracement target 40,000-58,000. Sentiments getting nice and bearish/panic-ey. Would love to see a panic flush here, would definitely be a buyer.
We are entering the zone.
@Bulldozer0@LawrenceLepard That’s all nice and cool, but for ADOPTION, the prices of goods and services can’t swing large percentages month to month. Yes, volatility matters for all humans engaged in commerce (including buyg groceries)!
@LawrenceLepard Again, it’s the here and now that’s the challenge, for “adoption” if nothing else. The world lives, on a practical level, on a short time preference.
Congratulations on your early and successful speculation. That doesn’t make it sound money.
@awealthofcs@LynAldenContact Crude oil went to negative $45 during COVID. Wouldn’t have thought that could happen. It was looking pretty damn good at $1.00 a barrel, it sank another $46.
Many things are possible.
Respect the price.
Respect the trend.
Judge not.
One lesson that always resonates with me, from the wisdom of some of the best known traders (even Jesse Livermore talks about it) as well as my own personal experience; when a market is not behaving the way it “should” and it is moving opposite of your (and the market’s) expectation, you better get the hell out of the way!
Respect price, it’s all that matters to a trader.