What is CRDO? Why is it dropping so much?
Created at / Updated at 169.**.203.195 291 7 0

Even though it beat earnings, does it really drop by as much as 20% just because the guidance was worse than expected? Yesterday, someone posted it on a list of stocks with a good future outlook, so I looked into it, thought it looked decent, and was watching it to see if I should buy a small position...

Would it be okay to get in at around $160 for the future? Or would it be better not to jump in hastily because there must be a reason for it to plunge even further?

I would greatly appreciate the valuable insights of kind experts.

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Comments 7
106.**.249.68
I bought 20 at 167.98 today.
191.**.71.214
Someone down below recommended it as a promising stock for the future.
167.**.79.68
Don't enter. There won't be a V-shaped rebound.
83.**.127.86
Could I ask why you see it that way?
45.**.176.12
How can someone even talk like that...
Did you come from the future?
Seriously....
91.**.55.32
I started buying from 186 in pre-market last night ㅠㅠ but it's dropping so much. Sigh, making money is hard. I kept buying a few at a time, but I don't have much cash left, so I placed a final order for 8 shares at 163.
109.**.157.152
I just jumped in for a swing trade a moment ago, but it's dropping even more. There was no major bad news, but it seems like people are taking profits because of that damn lack of excitement.
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