*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
Define taking profit. How much of your position do you sell? 10%? 50%?
SimplyShowMeTheMoney
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@TrendlTrader Normally around 50%-75%. We always announce when we buy and sell. For a good company like PINS we would sell 50%. If a company is high-risk we sell 75% and sometimes even 100%.
ezwass
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Are you adding yet and if not do you have a stop loss?
SimplyShowMeTheMoney
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@ezwassPINS may get bought out in the near-future. We will absolutely add when the opportunity presents itself.