KozakHlib

$PI can fall in the next days

Short
NASDAQ:PI   IMPINJ INC
Contextual immersion trading strategy idea.

Impinj, Inc. operates a platform that enables wireless connectivity to various everyday items to business and consumer applications.

The share price fell after bad earnings .

The demand for shares of the company still looks lower than the supply.

These and other conditions can cause a fall in the share price in the next days.

So I opened a short position from $22,91;
stop-loss — $24,44.

Information about take-profits will be later.

Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.

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Trade closed manually: $23,57
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Comments

Great vision, but you can actually make a stronger case for the exact opposite of that, whereby the stock fell solely on overreaction (to what was actually not bad, but lower than expected earnings) the recent activity and volume and lastly the price history and trajectory of the stock and company (let us not forget, this is one of the clear 5G winner companies of the next few years.A super manufacturer that allows you to check out of a store by simply walking out? That is a new level of contact-less shopping in the age of pandemics and highly contagious diseases). You did say "in the next few days" so that is a fair qualifier. I still think it rises before it falls. I appreciate your posts.
+1 Reply
KozakHlib kd12003
@kd12003, well, yes, I saw the short-run sellers dominance and sell short. But it had ended earlier, yes.

It was an attempt to catch quick momentum.
Reply
KozakHlib kd12003
@kd12003, thank you for your vision, I agree that it's a very good stock for the long-run.
Reply
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