Deja Vu – IONQ
After riding the SPAC conversion that merged with IonQ (IONQ) from 10, just above and a bit below 10, all the way to just below it’s high near 35, it is now time to take a position again.(I did yesterday just before the close.) The chart shows it corrected it’s run, got washed out, based and is now ready for another move higher. It isn’t likely to be as big or steep as the original run but is ready to be a good long term investment, as well as a decent trade. The earnings report was after yesterday’s close and as I expected, was very positive. Get in today to participate in a leader in Quantum Computing. If the stock gets to 18 in the days or weeks to come, the warrants currently around 4, will double to 8. Risky, but worth it if you believe the stock is going to pop. Downside is, there are only about 3 months left before the warrants need to be converted. Only become worthless if the stock falls and stays below 10. (always a possibility, but highly unlikely) If you are more risk averse, just buy the stock.
Yeah, I am in this one for the long term but have been trading around a core position.
Correction: Just found out the warrants DON’T expire until 2026!