Two Sentence Traders

Booked the MXL loss into a gap earnings couldn't save

By rummy ·

Sold $MXL into this dip, probably selling right near the bottom given good earnings did nothing to stop the bleed. Chalking it up to a high-beta name caught in the broader momentum unwind rather than a fundamentals problem, staying on the radar for re-entry once the tape turns, betas like this snap back fast when the market does. $AMKR reports tonight too, numbers should be fine but good luck guessing how this tape reacts to good news lately.

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Aggregated and distilled by Two Sentence Traders. Not financial advice.