yay! market likes it. any high conviction plays for you atm or buy dip stuff you found today? Was tempted to trim VACQ today, holding a lot after averaging down, but decided to hodl. As long as SPCE has a higher valuation i see upside...
Overall I'm trying to convert to cash but I am looking for a good entry on ASOS (ASOMY) as I feel the young folks are gonna be spending their stimmy checks to get some new threads as things re-open this year.
after bouncing off the low trading channel---further strengthened by MACD crossing zero, rising above the 50% retracement level--- should trading close above 217 today, i'll nibble a bit w a bullish CALL spread
https://finviz.com/insidertrading.ashx?oc=1820212&tc=7&b=2 Wood Catherine D. Yes, that's the really her, she's on the board of $NREF for some reason.
ever since CRM announced its acquisition of SLACK, late 2020, its stock price has suffered. Wall Street doesn't think the merger will be successful. it CRM's previous mergers/acquisitions, mulesoft, tableau, etc, are any indications, the opposite has been true. an informative article on the CRM/SLACK merger, https://www.clearedgepartners.com/post/what-slack-salesforce-customers-might-expect-from-acquisition#:~:text=By now, everyone knows that,vendor have plenty to ponder.
the difference this time could be Teams? anecdotal, but i work for a big org that is part of a larger grp, and the whole grp uses teams and tableau, no slack no power bi. if you are already on office 365, i think a lot of companies just default to teams for everyone. tableau/power bi is more niche, not everyone needs it.
at any rate, the street is pricing CRM as if it will be adding an albatross, hindering its growth last i check, slack has been an established profitable / growing co generating cashflow
Seems accurate. Everyone looks at Silicon Valley, or NY, trendy companies, meanwhile most large companies in the US are run by old fogies and IT people that only look at the Microsoft suite. I hate Teams though man. Maybe Discord tech will somehow replace or improve it.
what's going on, causing the 11% drop ? the Powell / Yellen testimony in Congress or this positive article released this AM Cathie Wood Owns Schrodinger Stock: Should You? Wood's biotech fund owns almost $200 million worth of Schrodinger, a biotech co that uses high-speed computers to help companies find new drugs, about 2% of the company. She is not the only one, as Bill/Melinda Gates own ~ 11% of SDGR who is using advanced technology to disrupt the traditional path of drug discovery
No news on SDGR, was doing well ytd. Only thing i can think of is more sales by Shaw. Overall, high growth/low profit stocks down today. Mega caps ok. surrendered all of ytd's gains. sad. Edit: if spce moons on arkx news I think I'll buy puts as a high interest rate hedge for my port. I think it's overvalued even in a low rate environment, it just benefited from scarcity as it was the highest profile listed space stock, but there are more now.
Holy crap that thing really tanked. Glad I got out when I did, and might as well put a fork it in with the whole plug thing since that was like their majority holding lol. update on my end , it’s been hard to find good setups; nothing seems to be swingable. Too much see sawing in price action. Really bad market still and don’t want to scare anyone but wouldn’t be surprised if there was a market crash sometime soon. Could be a lot better in April though so who knows. all I’m holding rn is a lot of BFT and my REI calls which might go worthless lol. I’m going to start looking into nft related stocks to play though since that seems to be the new wave
i normally hedge my options bets w spreads; i rarely deal w naked options. but, for SDGR, this time, have sold a naked May 65 PUT for $5, it was filled quickly. i don't mind being assigned at $65
I am taking a mini break. Someone wake me up once the boomers are done hyping Carnival and Applebees.
