Aug. 11 at 1:39 AM
$AIYY I will buy the dip tomorrow in these Yieldmax shares. I am calculating based on the current 24 hour market a 18-20% drop from Fridays 4:00 close of
$3.54 which should push these shares below
$3 and possibly
$2.85 if the
$17.80 level in
$AI remains when trading starts tomorrow. I have 3000 shares at
$3.56 and will buy 5000 -7000 if it breaks
$3. The company deserves this hit and it is not an over reaction but management has been executing for a couple of months a plan toward revitalizing growth and still in one of the top sectors.
The floor under this trade is the tailwind of the YM dividends which can bail me out over time if I am wrong and the company continues tobe slow to execute the plan the rest of the year.
$17.03 is support going back to the April 7th tariff trauma and
$16.79 back in May of 2023. I suspect
$17.03 will hold on this test. That could take these income ETF shares down to
$2.75 which is tolerable and in theory be a retun of 2.62% weekly / 10.48% monthly.
