Theme From An Imaginary AI Trade: Passing On An Entry When The Risk Outweighs The Reward
Portfolio Pulse from David Pinsen
The author discusses a trade setup on C3.ai, Inc. (NYSE: AI) ahead of its earnings release, expecting a pullback after the stock spiked more than 30% on Tuesday. The trade didn't fill, but the author plans to keep an eye on similar opportunities in the future.
June 06, 2023 | 2:52 pm
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C3.ai's stock spiked over 30% before earnings, and the author attempted a trade expecting a pullback. The trade didn't fill, but the author will watch for similar opportunities.
The author expected a pullback in AI's stock price after a 30% spike and set up a trade accordingly. Although the trade didn't fill, the author's analysis suggests that AI's stock price may be overvalued and could experience pullbacks in the future. This information is relevant and important for investors in AI, and the author's confidence in their analysis is relatively high.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 100