I tried to get as many people on board with GigaCloud Technology Inc (GCT) as possible two market days ago but people were skeptical. Yet not only is it outpacing the NASDAQ by far, it is maintaining a strong upward trend even as the NASDAQ as a whole went negative today. Yesterday it saw well over 5% growth in a day.
When I told one relative about it as I was making my initial post, they immediately decided to invest $150. When it was at $11.40 on April 14th.
It closed today at $12.36. Everyone seems to be holding except for the random retailers who were initially skeptical. It appears volatile but it's actually pretty easy to predict that this stock is going to the moon and fast. It has spent a lot of its recent time in a dip but we're still well within the lowest part of that dip. Now is the time.
It will go negative at times, and it'll go fast, but it's going to continue to go up much faster. It's mostly just old retail investors who experienced the loss of a 10%er and want to take what feels safe without realizing just how far this stock is about to actually go, whether it be short term or long term. They don't understand how quickly and drastically this stock is going to bounce back but it's going to grow strong despite that. The overall trend is about to maintain an upward swing and I highly suggest holding further. Compared to the rest of NASDAQ, it is proving rock solid.
https://www.nasdaq.com/articles/gigacloud-technology-inc-gct-trending-stock-facts-know-betting-it-5
https://ca.finance.yahoo.com/news/gigacloud-technology-inc-gct-trending-130011885.html
https://www.valueinvesting.io/GCT/valuation/fair-value
