Silly Season: ROKU Edition [w/ edit]

[edit] It occurs to me that I should note that I previously got hammered on ROKU, as I bottom fed it and it kept going down. So the reminder is… no geniuses here. All of this was after doing really well with it earlier in the year.

It took Santa a while to get his ass in gear and once he finally arrived (at the lows on that fateful Christmas Eve with man and machine mass puking) he then decided to stay a while. Indeed, he stayed long enough to morph into a January effect style post-tax loss seasonal bounce back from extreme and unsustainable over bearishness. ←That’s a mouthful, I know.

Anyway, one shiny new toy I picked up was ROKU, as I chased it a bit on Friday (per the NFTRH Trade Log) only to see it spend the rest of the day piling on paper profit. Then today it exploded for a 1 (trading) day gain of 31% for your friendly writer. I like the company and its model (though I use Amazon Prime and Fire TV), but let’s be reasonable.

Like any sensible seasonal player with a shall we say dynamic near-term view of the stock market, I decided to lock in the profit on half of the position today. As noted in NFTRH 533’s NFTRH+ Charts & Notes segment, the target was 40 and it would be silly not to take at least a partial here.

roku

Subscribe to NFTRH Premium (monthly at USD $33.50 or a 14% discounted yearly at USD $345.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas, all archived/posted at the site and delivered to your inbox.

You can also keep up to date with plenty of actionable public content at NFTRH.com by using the email form on the right sidebar and get even more by joining our free eLetter. Or follow via Twitter @BiiwiiNFTRH, StockTwits or RSS. Also check out the quality market writers at Biiwii.com.