$Marvell Technology(MRVL)$
Like clockwork. Big announcements led to early spike which is now reversing. There was really nothing unexpected in today's announcements. And again, price to perfection theme is in play.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments
In overnight trade we are seeing some more profit taking but these are at very low volume.
Now I am recommending to keep watch to see if the price has stablized. Likely it will stay flat today when market opens. But it does not fall further, this may be a good sign.
It looks like the market is discounting all that was said at the investor’s conference. The forecasted revenue increase excited, but only for the day. I think people are now circling back on the fundinging needs. And in this high rate environment, CAPEX spending is scaring the shit out of even the bulls.
I will take money off the table now. But please read this on your own and make your own decisions.
Good luck.