Q: Looking at PNG from a technical aspect, yesterday price completed a text book AB=CD retrace to the 200 dMA which is halfway between the .685 and .786 Fibonacci retracement, and bounced. Was a good place to add to a position, or start one.
Q: So, another question on Kraken Robotics.
Stock has shed over 35% of its value from recent high of $10.73 and now testing 200 day MA of $6.52. Do you still believe this continuing downtrend as a simple Consolidation process ? Would you be concerned and inclined to act, one way or the other, as a Portfolio Manager, with a full 4-5% position ?
It is ironic to witness the deterioration in momentum and Market Cap of Kraken, while , during the same period, Anduril ( Kraken's major customer ) just completed another round of $5 Bln financing, lifting its market valuation (private market) to $60 Billion.
What are we missing ?
Thank You
Stock has shed over 35% of its value from recent high of $10.73 and now testing 200 day MA of $6.52. Do you still believe this continuing downtrend as a simple Consolidation process ? Would you be concerned and inclined to act, one way or the other, as a Portfolio Manager, with a full 4-5% position ?
It is ironic to witness the deterioration in momentum and Market Cap of Kraken, while , during the same period, Anduril ( Kraken's major customer ) just completed another round of $5 Bln financing, lifting its market valuation (private market) to $60 Billion.
What are we missing ?
Thank You
Q: Hi There,
Would you add to either of these today, and if so, which would you add to first?
Thanks,
Would you add to either of these today, and if so, which would you add to first?
Thanks,