I am still learning how to read these setups but this stock is moving incredibly fast right now.
It looks like $GSI Technology(GSIT)$ just had a massive breakout jumping almost 40 percent yesterday and it is still pushing higher today. I read they reported earnings last week and the market is finally reacting to their strong cash position and AI chip demand. They have zero debt which seems really good for a smaller company.
I grabbed a tiny starter position just to test the waters but I am honestly not sure if it is too late to jump in after such a huge spike.
Are people holding this long term or is this just a quick momentum trade?
Would love to hear from anyone who has traded this before because buying right after a big run makes me pretty nervous.
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