Loading ...AI – Update
I have posted about AI a few times previously. My timing was way too early but the coming earnings report on Sept. 1st is a likely catalyst. The stock is down sharply since it’s big run-up after going public. I waited for a large drop to buy and it dropped even more since. This stock is so explosive that a positive earnings report and future outlook could lead to 30 points on the upside. The other side of the coin is, it goes nowhere until next year when tax loss selling is over. Given the chart and the company’s fundamentals, I am willing to take a leap that it pops now and willing to hold if I have to until 2022. The previous three sentences were written in a draft on Aug. 23. I wanted to see the price action leading up to today’s earnings release before providing an updated take. The stock has risen almost 10 points since and I would NOT buy here if you are not already in. I am and will be hoping the report is good and we get the 20 more points I alluded to. I am not really counting on that though since the stock gapped up from around 47-47.50. If the report leads to a selloff, that is where I would be adding or taking a new position. 
Sir CM,
I bought a very tiny initial position @ 50.24 on 7/30/21.
As usual, stocks go down right after I buy them, at least 90-95% of the time … lol.
Most of it is due to my “habit” of buying at market, rather than limiting my buy to a price that I desire.
This is my style of a brief entry.
I am not a timer.
I missed cost averaging it down. The near term low was 44.19 or so on 8/19/21.
I still feel that AI could be in a freefall, if Nasdaq fall, sas it is not a market beater. I have a similar understanding for Palantir stock, which I also hold.
GL
Of course if the market has a significant correction it could make lower lows. I think the low you mentioned is probably it for now. The after hours decline from the earnings could get it to the gap I mentioned in my update. That is where I would look to add if so inclined.