You can absolutely do this. You can also copy the trades of fund managers and beat the market: https://medium.com/@brianclouser/introducing-stock-genius-fa4b292f0c4f
I actually think I've got you beat on this one.
I bought for 0.03 NOK ($0.003) so 10x less than your purchase. Steam has some weird ass currency thing going on where the minimum amount for listing is 0.03 for most currencies. My idea was to buy them for 0.03 NOK and sell them for 0.03 USD on another account. Eventually gave up since it took so much time, was left over with 7000 cases or so on 7 different accounts.
Dumped my last cases a few months ago.
No, this shit is confusing. Full regard mode... EPS was indeed a beat. Their sales projections (forecast) was lowered to 8-14% vs. prior was 13-21%. So, their guidance was weak, and that's why the sell off. The EPS tells us they are operating efficiency, but seeing growth slow that much (even if short term) means your cash would probably grow more elsewhere, so people took gains and walked.
I see $143-$152 before $235? I sold at $210. 70% liquid as of Monday. Puts premarket. AMD beat yet still -6%. P/E ratios are ridiculous. I'll sit on my hands for the rebuy or buy shorts until then.
PLTR was just the scapegoat.
I believe the real reason for the sell-off are institutions and trading desks front running AMD's earnings. It's way overpriced and will topple regardless of whether they beat earnings or not.
So yeah, they needed exit liquidity before AMD earnings came out.