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Chris Perruna described his approach to building a position in ANET, highlighting that his strong gain was achieved at a lower risk point than the drawdown bottom.
He explained that after waiting for the stock to reach its low and demonstrate a recovery, he entered the position once ANET had climbed back above key moving averages. Perruna emphasized that this method allowed for substantial gains with managed risk.
Perruna has previously described his approach to position management, advising investors to add to rising stock positions rather than average down on losses. Earlier this year, he questioned whether an 82 percent decline in Duolingo shares indicated growth limitations or a market reset. These prior views reflect his focus on risk and momentum in stock selection.