I like LYFT here ahead of earnings tonight given the pullback today. I think the business momentum continues to slowly improve and there's a ton of optionality in the company to build shareholder value. I don't know if I want to sell any of my current stocks for the LYFT speculation, but I'm considering it still. (I bought a few weekly 16 call options in my trading account just now.)
The long term story remains intact but I expect some stalling as the stock reaches medium term analyst price targets. (This may be the excuse but often good stocks don't stop - I just didn't have many other options except maybe to sell ODD on beauty industry weakness).
Bought LYFT @ 14.37 ahead of earnings and for reasons mentioned above
Sold LYFT @ 12.25 on competitive concerns that are unlikely to abate. LYFT will likely remain the "also-ran" unless they can partner with a much larger company interested in the business.
Sold ODD @ 40.50 on beauty industry concerns
Bought ATOM @ 4.98 on this decline that is actually unrelated to its long term prospects - they are still in testing phases at all customers and the outcomes of that will determine the long-lasting revenue streams
Looking to buy UPST but couldn't get buy orders in quickly enough.
Sold MP @ 23.67 on a failed breakout and the idea that tariffs might not be the threat to raw materials as previously thought because negotiations are generally working
Bought TNA @ 43.30 as the small caps appear to be forming a reverse head-and-shoulders (bullish pattern) and as tariffs take less bite and rates come down.
15 comments:
Hi Stocktrader & Simon
Added 60% TSLA.NE @ $31.10 ib Toronto
Saleem
Hi Saleem,
Nice trades as usual! Good luck with more TSLA :)
For once, I feel settled in my positioning - good diversity in industries and charts. I'm just waiting for earnings now...
Stocktrader
Hi Saleem,
I like LYFT here ahead of earnings tonight given the pullback today. I think the business momentum continues to slowly improve and there's a ton of optionality in the company to build shareholder value. I don't know if I want to sell any of my current stocks for the LYFT speculation, but I'm considering it still. (I bought a few weekly 16 call options in my trading account just now.)
Stocktrader
Hi Saleem,
Sold OSIS @ 209.88 to take profits
The long term story remains intact but I expect some stalling as the stock reaches medium term analyst price targets. (This may be the excuse but often good stocks don't stop - I just didn't have many other options except maybe to sell ODD on beauty industry weakness).
Bought LYFT @ 14.37 ahead of earnings and for reasons mentioned above
Stocktrader
Hi Salem & Stocktrader,
Good luck with TSLA & LYFT!
Simon
Hi Stocktrader,
Good luck with LYFT tonight......
Saleem
Hi Saleem,
Sold LYFT @ 12.25 on competitive concerns that are unlikely to abate. LYFT will likely remain the "also-ran" unless they can partner with a much larger company interested in the business.
Sold ODD @ 40.50 on beauty industry concerns
Bought ATOM @ 4.98 on this decline that is actually unrelated to its long term prospects - they are still in testing phases at all customers and the outcomes of that will determine the long-lasting revenue streams
Looking to buy UPST but couldn't get buy orders in quickly enough.
Stocktrader
Hi Stocktrader,
Good luck with next purchase.....
Saleem
Hi Saleem,
I kept moving the bid up and the stock kept moving up. I'm not sure what to do with it now...
Stocktrader
Hi Stocktrader,
I know its frustrating when chasing bid, hopefully better luck on Thursday.....
Saleem
HI Saleem,
Bought UPST @ 87.79
Stocktrader
Hi Stocktrader,
Good luck with UPST.....
Saleem
Hi Saleem,
Sold MP @ 23.67 on a failed breakout and the idea that tariffs might not be the threat to raw materials as previously thought because negotiations are generally working
Stocktrader
Hi Saleem,
Bought TNA @ 43.30 as the small caps appear to be forming a reverse head-and-shoulders (bullish pattern) and as tariffs take less bite and rates come down.
Stocktrader
Hi Stocktrader,
Good luck with TNA....DOUBLE BOTTOM is made.....
Saleem
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