Aug. 23 at 10:40 AM
$AUR What a week.
From
$7.16 to
$5.92 and back above
$6. Volatility in AUR is far from over.
I don't know if
$5.92 was the bottom, and I don't need to know. The
$5.90–
$6.10 area is showing support, while
$7–
$7.50 remains the key resistance. Even a move toward
$5.50 wouldn't change my long-term thesis.
This isn't a one-month or one-year story. I'm looking at the next decade. Look at
$AMZN and drone deliveries: the movement of goods is becoming increasingly autonomous, and trucking will be a huge part of that transformation.
My strategy remains simple: sell some strength, buy some weakness, never chase the price, and keep a core position while the thesis remains intact.
Volatility isn't the enemy. Used properly, it's an opportunity.
$AUR
