1/15/25 - $pi - Bot $135 today, looking to add in low $100s1/15/25 :: VROCKSTAR :: NASDAQ:PI
Bot $135 today, looking to add in low $100s
- been on my watchlist since doing a deep dive on IOT stuffs middle of last year, was just "too" expensive.
- let's be real, >30x EBITDA is still expensive
- but the 20% CAGR looks to be one of these growth rates in an infancy-industry RFID-related chips/ IP... that is at the BEGINNING of the S-curve, this is NOT a mature technology by any stretch.
- these guys are leaders
- seasonal commentary by mgmt today are spooking numbers on an otherwise strong tech day when we were adding NYSE:TSM y day into the print tmr am - so that's a highlight
- but i'm starting to take further risk off the table and make sure i'm going to catch all the future trends, and IOT is one (i like NYSE:IOT as well - have traded in/out - looking to re-enter)
- doing more work... really liked the comment by a X user late last year that i'm copying below to add into the research mosaic - thanks to this fella
x.com
going slow it's a ITM call dec 19 2025... $100 strike that allows me to grab some exposure and do more work without truly necking out and in some sense *hoping* it goes lower in the coming weeks so i can grow size.
as you guys know - i like to form positions where i'm *indifferent* whether stock goes up or down given risk mgmt/ sizing considerations. for now, i don't think stock is an obvious buy
the reason i write and added is b/c it's a take-profit from some recent wins (uber, nxt, tsm come to mind - more to come!)... and want to rotate a bit/ explore other leaders and not get too greedy on these entries. still learning the heartbeat of these names tho, so again, slow and risk managed entry.
hope u guys r all having a good week
anyone that has a more nuanced opinion here or other links to explore the case... appreciated.
V
