Temporary failure to launch. Landing pad approaching on either of the lines below, today marks a great entry if you're not aboard. I like a large opening position here at the 66-70 range. Save dry powder for a potential 58 blip or below to lower triangle and/or 200-smma. Lock and load!
1. Estimating if this were a 6-7 bln market cap company 6 months out.
2. Estimating if this were a ~10 bln market cap company 1 year out.
Not entirely impossible.
Ramp back up into earnings 2/24? Q4 '20 should be a blowout quarter, but better than expected?
The trend seems likely, but what about after? Long floor because of more confidence in t+0 trading platform and blockchain, or sell the news event? Or some combination of both?
Disclosure: I've been holding longs since 2019-2020.
