Taking Profit on 1/2 ROKU Position Because…

  1. Profit is profit; always a good time to take some…
  2. The stock is up big today on no material news…
  3. And the news I could find is this…

QD Vision? Are you kidding me? The PR creatively puts lipstick on the pig that was the QDV sale. Mr. Mustafa took over a dysfunctional company and from what I gather, did little to change that fate. QDV failed in its business strategy, and it was sold.

It rubs me the wrong way that ROKU re-packages the QDV deal as a success; a notable resume item.

Anyway, I know this is how the game is played. Your favored stock of choice tells you what you want to hear, you have affection for it. You hold.

Well, I’ll hold the other 1/2 for now, maybe for a run toward the chart’s implied target because after several successes (and one failure) trading ROKU over the last year it really owes me nothing. But the above rubs me the wrong way and in a high risk market I am looking for excuses to take profits.

This glad handing goes on all the time, but when you see it in black and white, to me it is a little unsettling. ROKU was most recently introduced in the NFTRH+ Charts & Notes segment with a buy on the wipe out. A sale on the up spike and a re-buy on the flag down to the SMA 50 followed. So let’s book another 24% and proceed forward.

roku

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