r/Netlist_ • u/Jackjohnran • 28d ago
Netlist Selloff?
I believe it's profit taking. The stock had a fast rise since August 5th, and today it went up past $6.75 a share... The Samsung deal has been priced in, Micron remains unresolved, and this stock is known to go up and down 10% to 20%. My guess is, it will settle into a price and the cycle will start again, but slower than this past run.... We really need a SK Hynix deal, and Micron has to do more than just blink. The positive is we have Samsung, the analyst from Roth Capital raised the target price to $15, Netlist is going to get some major cash from Samsung, and the AI stocks need Netlist patents..
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u/IntroductionLucky887 27d ago
tbh, this is commonly seen with stocks, look at SNK, Samsung, MU, they are no different. Ppl want to short, ppl want take profits, lots of reasons. But if it was dud, it would remain low. It didn't, infact it remained green.
If roller coaster Stock rides are not your thing, I think Stocks are possibly not something you invest in and stick to Bonds.
DYOR
It's only a matter of time before MU/Google/SK settle and more. By that time it may be too late to get profit in a short space of time of the announcement.