The speaker is buying CoreWeave because he sees it as a heavily discounted cloud-computing name, and he expects the break below 60 support today to usually trigger an immediate bounce toward 100; he likes trading the stock.
BullishHe framed it in days
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Schwab NetworkPublished Oct 25 · 1 passage
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We like to buy names that are currently heavily discounted in the new cloud computing field, such as CoreWave, for example. We are buying CoreWeave shares because we believe that the support level at 60, which we broke below today, usually tends to trigger an immediate bounce towards the 100 level.
We like trading this stock. We have performed very well in this in the past for the benefit of our clients.
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