Buy NVTS Before Key Earnings Date

about 2 months ago

Corey

"So, as promised, I would be looking to get into Na'vi by a specific date. This specific date, there's really two dates. One is earnings on November 3rd, Monday. So you'd have to add today and tomorrow to get in because as Monday happens we have data it could sell off a bit then it'll run before and then right on earnings it could be somewhere in the $14 range and if they meet or beat, I've even seen stocks that miss it could run. I already think it's fairly oversold to some degree, but this is definitely a range right here of support on the top of my AVP. And I do believe it will drop today, tomorrow, and even potentially Monday before earnings possibly into the mid11 range, which would be even better of a buying opportunity because if earnings are good, it'll run and in the next earnings it will run even more."

The speaker outlines a trade call for Na'vi Semiconductor (NVTS), recommending purchasing the stock before November 3rd earnings as the stock is expected to dip further before rallying. The commentary highlights technical support near the top of the AVP and suggests that the current discount presents a compelling buying opportunity for long-term dollar cost averaging.

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