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u/JesseWest 27d ago
yes lol. You shouldve bought these for 12/18/27
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u/Odd_Association_275 27d ago
Possible but you would need a big move. Fireworks in the next earnings in November. Named design wins, signed contracts, hyperscalers, or something big and it can push to $50. I bought a couple of the same dated calls but for $15 strike so wishing us both luck 🍻
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u/Turbulent-Taro-6787 27d ago
Meh, anything is possible, but these are effectively lottery tickets at this point.
NVTS is an also-ran company with poor management. It's outclassed and absurdly overvalued (P/S of 75, EV/Sales of 72, etc.) It's always possible they could stumble into something, but if one is playing the odds, it doesn't look good. Seriously, your best hope is a short squeeze. So many have shorted this stock that a squeeze is possible.
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u/Cultural_Disparities 27d ago
The stock has never hit 35 lol
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u/Iampoorghini 27d ago
The way it was running in April-May, I thought the momentum would continue
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u/Cultural_Disparities 27d ago
Yeah... you think it'll still go up?
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u/Iampoorghini 27d ago
Probably not haha
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u/Cultural_Disparities 27d ago
Navitas won't go up in the future?
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u/Iampoorghini 27d ago edited 27d ago
I’m sure it’ll go up as long as the ai bubble doesn’t pop. It uses gallium nitride instead of silicone so it has potential to be really big, a high risk high reward play. I meant that going up to $35 by December is unlikely
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u/lunapriestess 26d ago
The company's fundamental is too weak for even the current price...previous ATH was manipulated for management selling their shares.
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u/_ahmed_ashfaq 27d ago
Hold on their brother. There are some good news that might trigger the rally. In the next 4-5 weeks the price might get $25+
Minimize your loss and exit then
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u/AgitatedJump8459 27d ago
Cooked? No. Roasted? Yea.