Also, as one of the companies that rode the AI hype,$TSM+0.7% has now beautifully filled the gap that the price created during the euphoria with $NVDA+1.5%.
Stocks love to fill these price gaps and I'm just curious to see how this particular Nvidia one plays out.
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Are you using these jumps to sell and collect profits? I bought $TSM+0.7% at $80 and now I'm up a few percent on it. I was wondering if I should sell or leave it for now, after all it's nice to take advantage of such sudden increases.
Depending on what they're trading. If it's a short trade, and the Gap comes your way, then it's a super opportunity to collect profits. But if they're investing for the long term, I don't really look at those jumps.
It's simple, either the hype is going to somehow hold and the following weeks will stay there for months and the gap will be filled later, or it's going to be on the principle as in the crypto world, but either way, whether they get the gap now or in a few years, the market doesn't like those unfilled gaps... :D DUMP IT