Navkgp
OP72654156
:
results should be better but lets see!! This drop is by institutions as many calls are purchased so they need to buy shares at lower price to make lesser loss or still make profit when market goes up. As still 8.5-9 should be expected but lets see
$D-Wave Quantum (QBTS.US)$ Risk off indicators have now switched on after the snap in the 9 consecutive days of green in the SPX yesterday. Gold is up, Silver is up, 30YR is up by quite a lot, VIX has gone back up, BTC (which has a tendency to front run the SPX) is down, and the USD is also down quite a lot vs other currencies. The market appears to be at another juncture which can go one way or the other this week. There's a 10YR auction today May 6 (1300hr...
$D-Wave Quantum (QBTS.US)$ The SPY is actually quite strong. It's clear that institutional investors do not want it to go below 561-562. It's actually trying to target 570 (roughly the 200 SMA). This is a good sign as the market is forming structure for a further push upwards later in the week. Please note that whilst nearly all the megacaps have reported, it's still a very significant earnings week. QBTS like many high beta stocks are in a holding pattern. Anything unde...
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104079172
OP
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BTW, don't hold out for a Powell rate cut announcement this Wed. It's highly unlikely that that will happen due to the PCE and jobs data. Plus he does NOT want to kick off stagflation.
$D-Wave Quantum (QBTS.US)$com/m/491d61ae-... D-Wave is expected to report a loss of 4 cents per share, improving from a 10-cent loss a year earlier. D-Wave revenue in Q1 is expected to pop 325% to $10.5 million!!
Navkgp
OP105475515
:
earnings should be good and any news on gate technology progress will boost!! Surely new customers should have added during quantum leap program also!!
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72654156 : The biggest fear is that the Earnings Reports results will be below expectations, as that would lead to even greater declines.
Navkgp OP 72654156 : results should be better but lets see!! This drop is by institutions as many calls are purchased so they need to buy shares at lower price to make lesser loss or still make profit when market goes up.
As still 8.5-9 should be expected but lets see