HoustonAg_2009 said:
ProgMan - Are you saying it's a good idea to start a small position in this?
I'm not looking to hold this like stocks TTD, SMCI, POWL, PANW, etc. I'm seeing if there's going to be a second wave. I rode it Friday from $10.07 at the open and sold at $12.86 later that morning. It did proceed to go to $14+ after I sold but I didn't care because you can't get mad at 25% ROI in a few hours. Stocks like this I've seen for years usually catch a second wave and people FOMO and push it up. They generally don't hit their high from the first wave so I'm not expecting it to hit almost $15. If the second wave does happen then it should hit $12+ and I'll sell. I'm in at $9.64 so it's like trading an option that doesn't expire. I also don't see much risk while I wait because NVDA invested in them. I wish some analyst would have asked the CEO why they're investing in a medical imaging company. They must see something with huge potential. My uneducated guess is that NVDA sees NNOX adding AI to immediately inform the doctors what it's detected in real time. The potential for NNOX if that comes to fruition could be massive. NVDA could also buy NNOX with a rounding error with how much profit they're generating so my downside risk is minimal. It's also not much cash to sideline in the event the second wave doesn't occur and I have to hold it.
Sorry for the format but it's been a long day.
TL;DR version: I see minimal risk at this price and good potential for a trade or even more if I have to hold it.
