This is a brilliant runner. I jumped on it late last week and it's giving some welly. Unfortunately, it's too small for me to get an options contract on being limited to over 2billion market cap. It's targeting +$140 within a few days
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If this is about to retrace, I'll be a buyer between $76.40 and $78.20. Trailing stops and soft targets. Generous room for replacements has to be given
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Price broken out to the upside, so may not retrace till after market hours (meaning different entry price to be calculated as and when) is my thoughts... just HODL :D
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OK retracement looks like it's breaking the minutely trend we go there. $77.26 - $79.29 is the load up area IMO
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If you not in it yet, it's now $99, I think it unwise to join the gain train without finding a 0.5-0.618 retracement. My target is over $140, and I'm holding for that. I think value is approaching neutral territory, so risk/reward wouldn't be there. I've been on this since $71.35, added along the way up and running a trailing stop loss. There will be better entries. Patience is one of the pillars of success
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Saying that, keep an eye on it or you'll miss it!
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I'm looking for my first professional trading job. If anyone can hook me up, please get in touch!
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Stopped out, and getting back in at $110
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@ $116.5, im gonna laddrr small position on, as target still nearly $24 away. RR still there
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Will add if break out happens upwards. Trailing as before with stops
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Price is now $123. I won't getting into any new positions. I'm letting stops run the position out and will come back to it when the RR looks much better again. One to keep the eye on for sure in the future. I hope you all watched as it was live and it helped you to realise some more good wins.
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Just to let you know, this look to me to be back on for a run. Remember Risk management. Trailing stops, look up ATR for your own calculations and risk profile.
Are you thinking there would be another up wave? This time to 180 though! Lol
Rod_85
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@somberFerret7, it's fallen out of it's trend. I don't like buying things that are falling. I'm leaving it alone and taking some time away from cutting edge tech. TV people all saying value looks to be more of a catch that speak against it. The market is technically in danger zone for something big to upset it too. Large cap, dividend paying defensives and some cash is what im looking to sit on for a bit. Certainly no more options for a while
therealpark89
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@Rod_85, you said you bought in at 71.35 right? Did you sell everything?
Rod_85
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@therealpark89, yes. I had on a $7 trailing stop loss, so everything went in the distribution at around $122. I'm out for now. Things looking shaky in the bonds market and it showed in the equities market. Just keeping my head down with low exposure. Not the time to be looking to catch knives.
Rod_85
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@Rod_85, I didnt want to buy the knife as it was falling, I didnt buy the break out and I still havent bought the potential retracement. I have just been notified by my alarms set for a 6.18 fib retracement, so I'm watching. If it make a move from here, I'll be interested, but I'm looking at a lot of things right now.
Rod_85
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@therealpark89 that last reply was for you, not writing to myself lol
Adnin
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The market cap is way over $2 bill, at 43SH bils. Realized some profits, expect to enter if it traces down to $106
Rod_85
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@Adnin, glad for you man. Unfortunately my brokerage wouldn't allow me to do it. I'll have to open a few different ones. They were nice profits regardless. Have a good Christmas bro!
darinbranham2017
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worth buying a 110 call for 12/24?
Rod_85
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@darinbranham2017, if you got an account that allows you to buy microcaps, maybe dude, depends what it costs upfront. $100 is a significant psychological number, so might see a retracement before or just after that, which will chew up some time, although I think it's a nice srock to hold for longer too. I'm running regular spread bet on 50% margin, trailing with a stop. I'll tighten that stop from $130, but my target is soft. It could just blow it out the water, ya never know