Looks like shorts are getting squeezed out of tech stocks, and this garbage is considered a tech stock.
It's all algos trading, there's absolutely no basis in fundamentals, but you can't fight the market. Just play earnings again next quarter, it'll suck again.
The funny thing about this PoS stock is that it's doing the same thing it did 2 years ago. Eventually everyone realizes it's a PoS money losing company with no growth.
Would not be surprised at all if this is in the teens again in a couple of years. They're losing money at a time when every SaaS company is raking it in. How are they ever gonna make any money?
They washed out all the shorts the past 3 weeks, now there's nobody to buy this PoS.
I should've seen it coming considering options premiums indicated a 14% move. Chart pattern indicates back to the high $20's, certainly that $32 gap fill I was talking about a month ago.
It's toast, lol. I bought some $35 puts with my profits, I bailed waaaaay too early this...
Still plan to short earnings, waiting for entry.
Target is $44, will buy puts Wed if it does not hit that target on Tuesday. I think we get a Fri/Tue pump.
Market is sorta pumptarded and earnings are always a crap shoot. Guidance sucked so they might beat and go up even if earnings suck, lol.
I've seen this with other stocks, even big ones like AMZN where it goes into earnings at the same price as the earnings result from the previous quarter. So it looks like it's headed to $37.5 and stuck in that area for the next couple of weeks.
Keep in mind guidance wasn't good and they lose money every quarter. Will short earnings the day before if it's at or...
I bought some puts today, but now I'm regretting it because I just noticed that NQ1! (nasdaq futures) is oversold on the daily (see my NQ1! daily chart). That means they will pump everything for the next month. Even garbage floats on a rising tide.
I think this will be a good earnings play though if it goes above $38 before earnings. Earnings sucked last...
Big bear flag has formed, if the market melt up and goes parabolic, this could make it back to $45, and if it does, I'm loading the g'damn boat with puts.
Eventually the bear flag will break and this heads down to $25 area. If you don't think that's possible, go look at the daily chart for BLDP. Market is selling off money losing stocks with no growth.
this chart has given me almost everything in the book to disappoint me
W, inverse head and shoulder, false breakouts
now we have an ascending triangle
if it holds true the triangle is to $54 and the cup and handle is to abt $60
good tech earnings will pick this up to
PoS missed on earnings and went up big couple days after for no reason. Obviously forming a pennant,, no reason for it to break upwards. A lot of stocks are heading back to pre-COVID price range, this should be one of them.
$26-27 target, bought April puts this morning
PD is still one of my favorite picks in 2021. The recent sell-off in high multiple names has wrongfully been aimed at PD. PD has a modest multiple when compared to other software names/peers. The stock dipped into the oversold region of RSI and is now just barely above it. Also very bullish that it held the 200SMA. Please look at my earlier PD notes to see my full...
I think the market selloff ends Monday, everything is oversold, a lot fo bubbles have collapsed. Look at this PoS, dropped the whole entire post earnings runup.
I was waiting for $60 to short, lol. Should've entered March 60 puts at the top, wow.
Been bullish since I first posted about them in july 2020 - fundamentals are strong, chart looks good. I think the market underestimates the potential for dramatic increases in customer base as well as current customer usage. Respectable amount of cash on hand vs cash burn.
Not my focus but as a side note wouldn't be surprised to see a larger player attempt to acquire PD.