goledger

goledger

Here's my chart. Expecting continued movement between $34.8 and $41.8, randomly and against my best inclination.

goledger

Not going to trade it. Watching the pivot points and the broader NDX. Held and suffered through the February - March debacle ($500 sell-off) that rolled me back to November account values. SHOP volume finally showed up today. But SHOP appears to be reluctantly lagging NDX, ARKF, SQ, PYPL and AMZN. Holding deep ITM September calls and a handful of shares. So...

goledger

Note the movement in early Feb (plus $400 or 37% in 7 trading days) Then the market sold it on (1) earnings, (2) secondary offering, and (3) a reallocation to value Disclosure: I'm biased growth and $NDX and $SHOP among others.

goledger

Good trade entry if Nasdaq can stay healthy. Here's hoping the market has already had its inflation and value-itis vaccines. Like the Pivot point for near-term price target. P = $30.69

goledger

Bounce to continue for 2nd half of March ? My target price is $51 - $52 by early April.

goledger

Might face more selling pressure, but could make a run towards $1300. Either move seems plausible to me (but I favor the move up). Note the three plateaus in the recent sell off, and the 2 volume shelves at $1306 and $1127. Shopify has been under pressure for 4 weeks now. And was facing strong selling pressure during the first hour this morning (Friday 3/12). ...

goledger Updated 

Momentum shifted into reverse and $HOP can't catch a bid. But I'm not going to chase value stocks. Bought September $1100 calls and some more shares this week.

goledger

Great cash reserves announced with earnings release. Actual and forecast unit sales were good but some may try to interpret as negative. Recommended new trade entry points: low $45 range. Note high volume nodes on left side of chart (see horizontal lines added for emphasis). Careful if it falls below $41.41 may indicate institutional selling. Market sentiment...

goledger

But that is a fairly healthy range in terms of dollars ($350 or thereabouts) Notice that the Williams %R has been fairly reliable in showing us several oversold, trading opportunities for $AMZN, over this period. Also note the volume by price concentration on the left. Just need the NDX to cooperate and have slightly less bearish sentiment in March.

goledger

Note the high volume shelf at $513 and lesser one at $528 Looks like a good candidate for a Vertical Call Spread around the Feb Fib Retracement 50% line (bracket $553 with a $30 or $50 spread; 530/580 for example) Continued weakness in NDX over the next 10 trading days may offer chance for "legging into" a spread. (Buying the lower side first, then selling the...

goledger

Expect earnings beat on March 3rd, but not sure how stock will move. Easy to make either overvalued or undervalued case at this price level. I see good risk reward with OKTA here, but have concerns about continued weakness in NDX.

goledger

Sold off on strong earnings release Sold off on secondary offering at $1315 Continued weak with broad NDX100 sell-off My strategy for week no. 9 : • Assess NDX100 trend by Monday close (is selloff accelerating or abating?) • On SHOP move toward $1390, trim position (cut long shares by half) • If SHOP trends toward $1180, convert long shares to in the money Jan...

goledger

Not sure I understand the transaction. But it appears there are 3 entities participating in a merger: CCIV, Lucid Motors and a Private Investment in Public Equity (PIPE) entity. CCIV accounts for 16% of the merged entity; PIPE accounts for 10%; and Lucid Motors retains 74% The Lucid Motors deal, once merged, is said to have a pro-forma valuation of $24...

goledger Updated 

May just be moving to stronger hands from weaker hands. Could be profit taking. Or maybe overall market correction. We can't know for sure. I've already sold my $LI, and now $XPEV is the next one I'll whack if China EV stocks (and the market) continue to show weakness.

goledger Updated 

Bought a small 11 share position, because I haven't owned it in many years. Stumbled across the idea from an ARK trading report (or Tweet). Not the best trading discipline, but I plan to hold these for a while, and perhaps build a position. Didn't consider the options.

goledger Updated 

Note the volume shelf on the left side of this chart. The pivot points are also worth a look. Purchased Mar $30 calls this morning to trade a potential bounce and pending earnings release.

goledger Updated 

Next resistance on upside will be $20 to $21 range. Not a high-momentum tech stock, but looks interesting all the same.

goledger Updated 

"Hoping" for opportunity to repurchase $260 to $280 range. As an alternative, I have started accumulating $ARKF .