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.
Hi Stocktrader & Simon
ReplyDeleteAdded 60% TSLA.NE @ $31.10 ib Toronto
Saleem
Hi Saleem,
ReplyDeleteNice 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,
ReplyDeleteI 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,
ReplyDeleteSold 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 Stocktrader,
DeleteGood luck with LYFT tonight......
Saleem
Hi Salem & Stocktrader,
ReplyDeleteGood luck with TSLA & LYFT!
Simon
Hi Saleem,
ReplyDeleteSold 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,
DeleteGood luck with next purchase.....
Saleem
Hi Saleem,
ReplyDeleteI kept moving the bid up and the stock kept moving up. I'm not sure what to do with it now...
Stocktrader
Hi Stocktrader,
DeleteI know its frustrating when chasing bid, hopefully better luck on Thursday.....
Saleem
HI Saleem,
ReplyDeleteBought UPST @ 87.79
Stocktrader
Hi Stocktrader,
DeleteGood luck with UPST.....
Saleem
Hi Saleem,
ReplyDeleteSold 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,
ReplyDeleteBought 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,
DeleteGood luck with TNA....DOUBLE BOTTOM is made.....
Saleem