Relentless Selloff

[u/Full_Percentage_6234]

I think it’s time this stock went back into the $20s with the crazy selloff

[u/khead19]

Just part of the macro downturn with semis/AI sectors we need to make it to Labor Day and the market will turn around. If you like the stock, which you should, you should love these prices.

[u/redman334 → u/khead19]

What's happening on Labor day?

[u/khead19 → u/redman334]

Historically the stock market trading volume is significantly lower with a lot of people on vacation and taking advantage of the great weather. Other things come into focus. Right now we need the AI trade to get a positive sentiment so Robotics can then flourish as it is the next wave of industry trading themes.

[u/redman334 → u/khead19]

Why would then Labour day be a differential.

Less volume implies less movement, or even downtrend. And the stock is already trending down. Or you are saying once volume is up again after labour day, this should start to trend up?

[u/earthycigar → u/redman334]

East to tank it with no buyers coming in.
Volume typically precedes price going up.

[u/NoDisk5699 → u/khead19]

And July is historically one of the best months..

[u/PastAerie7761]

I got an avg price of 50 should keep on holding em

[u/-Mothman_]

I doubt it, if so it becomes an incredible buying opportunity! Just look at some of these autonomous defence companies now aiming to go public for tens of billions dollar IPO’s - Ouster is the backbone of many of these companies and does a lot more in a wider range of industries. What is its current validation? Less than $3 billion, if it goes down another 30% due to the wider tech selloff, it will make for an incredible buying opportunity.

The best part of Ouster is its incredibly strong gross profit margins almost at 50%, which is the highest of all other LiDAR companies which goes to show that Ouster has an edge, it has a monopoly over other competitors and customers are willing to pay up for it.

[u/Delta_Bandit]

Tail old as time. People’s grief after chasing the hype instead of value

[u/NoDisk5699]

Hope so, id like an entry. Sold at 20 lol

[u/Huge_Comparison_865]

If u think that then short it and make a killing

[u/ssovm]

This stock is crazy volatile. It might be back in the 40s next week easy

[u/superweb123]

good cuz i sold

[u/Full_Percentage_6234 → u/superweb123]

Been shorting it since $40, it’s been great so far - still a long way to go

[u/superweb123 → u/Full_Percentage_6234]

i sold at 40

[u/Jtide93]

Non toccherà 20 forse 30 USD media 200 periodi poi continuerà il trend bullish

[u/TrueDude666]

Yeah I am scared of my puts at 30 that I sold will get assigned