Hopper58 schreef op 11 september 2023 17:21:
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The momo crowd’s pattern is to buy ahead of events, ignoring the risk. The reason is that the momo crowd believes that every event that is ahead is going to run up the stock market. In the early trade, the momo crowd is aggressively buying stocks ahead of several events. CPI will be released on September 13 at 8:30am ET, followed by PPI on September 14 at 8:30am ET. The iPhone 15 launch is ahead. Historically, Apple Inc stock runs going into the launch and is sold after the launch.
There is very heavy demand for ARM (ARM) IPO. The IPO is five times oversubscribed. The price is likely to be raised. Oracle Corp reports earnings after the close today. Adobe Inc reports earnings on Thursday after the close. The momo crowd is excited about the AI potential of these two companies.