PWRD trade ideas
PWRDi havent noticed by now i am a swing trader so most of my chart are only calid from about a week or so. i try to updat the most trending (clicks) charts i have made so keep looking at the same chart over again if you want more posts or just tell me lol gl happy trading
PWRD - A Perfect World...a perfectly 'paid for' positionA recent WDB Options Model candidate, PWRD is a very interesting little company. Currently trading at less then book value and less then 2 times cash, this Chinese software company has a vast array of 'role play' games that generate re-occurring revenue and are all going through upgrade cycles in 2013. On top of that the company owns large commercial real estate holdings (valued alone at close to $200 million) and oh ya did I mention, more than $7.00/share in cash on the books! After getting exercised, our cost basis on the stock is currently $10.20 and our ongoing margin requirement to hold the position is $5.40. First target (38.2 Fib and gap fill) would represent a double on the trade. Ultimate target (OTE Short SS) would represent a triple.
