Dealing with the FOMO (fear of missing out) with SHOP. I had on a couple of occasions written ITM short puts (synthetic covered calls) and done well when this was in the 30s. It has run too far, too fast and I guess I feel like I missed this one. It hasn't made any money but even AMZN won't compete against them.....regardless if the overall market turns this ...
There is too much to like about shopify which is my biggest investment to date plan to hold this stock from $50 for many years with many analysts comparing as the new amazon. i wont offer my investment advice suggest to do some research as i am short on time but there is possibly some long swing setting up here in the action zone
The relatively recent IPO (Initial Public Offering). My experience shows that the technology sector stocks with growing financial indicators have great potential. Many examples of this. In a very strong report the stock responded with a good growth . At the moment the correction has passed, and you can try to open a position above $ 60, if the volume is good
I'm long the 20jan 45 calls of shopify, and already in profit. this stock seems to be a clean and clear breakout and possible profit target is 57 area. if you'd be long on the 01.06.17 (m/d/y) you should have put your stop loss around 44 area, and if you 'd still be holding your position it would be ok to move your stop to 45-46 area now.