# Order Targets Market Basis - 2026-06-07

## Summary

Targets in `trading_order_dashboard.html` are tactical rebound/order-management targets, not long-term analyst fair values.

Current mode remains `RECOVERY`:

- no panic sell before Monday price discovery,
- no SOXL/SOXS chase,
- use rebound to simplify high-beta concentration,
- build KRW 10-15M cash for the next higher-quality setup.

## Market Basis

- Broadcom's outlook disappointed investors and triggered a broad AI semiconductor repricing.
- Reuters/Investing reported that U.S.-traded chipmakers lost over $1T in market value, with the PHLX chip index down about 8.5% intraday and large losses in AMD, MU, MRVL, and NVDA.
- Axios described the move as a chip-sector "blip/bloodbath" but also noted that some strategists viewed the pullback as a possible buying opportunity rather than immediate thesis destruction.
- NASA ETF is a high-beta space thematic ETF with SpaceX exposure. That can create upside, but it also carries event-premium risk.
- RDW has high space-beta exposure, but recent analyst consensus references show price-target pressure below the latest run-up area, so rebound should be treated as a trim opportunity first.

## Updated Tactical Targets

| Ticker | T1 | T1 Action | T2 | Invalid |
|---|---:|---|---:|---:|
| NASA | 35.00 | 25-35% trim | 37.50 | 31.00 |
| RDW | 19.30 | 30-50% trim | 20.50 | 17.50 |
| MU | 900.00 | Hold; trim weak rebound | 970.00 | 830.00 |
| AAOI | 185.00 | Trim/cleanup first | 195.00 | 165.00 |
| AMD | 475.00 | Hold; small trim if weak | 500.00 | 440.00 |
| MRVL | 286.00 | Hold if relative strength continues | 300.00 | 260.00 |
| GNTA | 2.05 | Cleanup possible | 2.30 | 1.75 |

## Operating Rule

If QQQ/SMH/SOXX rebound with breadth and volume:

- allow MU/AMD/MRVL to continue toward T2,
- trim only weak bounces in NASA/RDW/AAOI/GNTA.

If rebound fails in the first 30-60 minutes:

- do not average down,
- avoid SOXL,
- consider partial risk reduction only after confirming news/thesis damage.