SimplyShowMeTheMoney

$PINS less stress and more pinterest

Long
NYSE:PINS   Pinterest, Inc
*This is not financial advice, so trade at your own risks*

*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*

*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*

This week my team has been investigating popular online product and idea discovery platform Pinterest $PINS. The company derives the majority of its revenue from selling digital ads. Last weeks 2nd quarter earnings reported an earnings beat of $0.36 per share on revenue of $632.9 million. The companies earnings weren't the greatest, but after downtrading for so long $PINS finally appears ready to soar once again.

After correcting from an all-time high of $89.9 $PINS currently trades at just $45.8. Incredibly cheap shares!

My team entered $PINS this afternoon at $45.5 per share and we plan to take our first profit at $53.

This company is a no-brainer hold at these levels.

OUR ENTRY: $45.8
TAKE PROFIT 1: $53
TAKE PROFIT 2: $64

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Comment: My team has accumulated $PINS shares on November 26, 2021 at $41.62.
Trade closed manually: My team has exited $PINS at $38.92 per share. We suspect unstable market conditions to negatively impact $PINS sometime later this week.