CREDO · Credo Technology Group Holding LtdCredo Technology Group Holding Ltd
🔬 Exited long ALAB at $217 (100%+ return in 2 months) and opened a short on ALAB as it appears overbought due to FOMO buying
Exited long ALAB at $217 (100%+ return in 2 months) and opened a short on ALAB as it appears overbought due to FOMO buying. Hedged with a long position in CREDO, expecting it to play catchup.
Evidence & details
- +ALAB up 14% feels overbought
- +CREDO should play catchup soon
- ⚡ALAB overbought
- ⚡CREDO potential catchup
Chart
Post Timeline · 1 posts
Changed my mind on $ALAB, took profit at $217 so exited long and opened up short with $CREDO as a hedge. ALAB feels a bit overbought after going up 14%. $CREDO should play catchup soon though. https://t.co/oDIuqi0mFn
Thesis: Exited long ALAB at $217 due to overbought (14% rise). Opened hedge with CREDO expecting catchup.
ALAB and CREDO are high-growth semiconductor companies with NVDA-like profit margins and major tech customers, presenting exceptional investment opportunities.
source ↗Each listed ticker is a moonshot basket targeting 1000% returns in 5 years based on current valuations and specified target market caps.
source ↗Exited long ALAB at $217 (100%+ return in 2 months) and opened a short on ALAB as it appears overbought due to FOMO buying. Hedged with a long position in CREDO, expecting it to play catchup.
source ↗No qualifying thesis event for 45+ days.