ROKU stock chart breaking bad I will ROK U no more with this goofy post title. Per the trade log… I just made the painful decision to pay the taxes on a 180% profit on remaining ROKU shares, which has a chart that is looking like it can go appreciably lower. I mean, I don’t want to die on that hill. The one where I win a … Continue reading We Will We Will ROK U (no more)
No better example of how a stock can get strenuously overbought during a long journey upward, refresh itself and resume. It’s one of the things that should be tuned out if a TA puts too much emphasis on an overbought situation necessarily being something terminal. I mean sure, overbought could be a good place to take profits and I have done so periodically in this … Continue reading We Will We Will ROK U!… Overbought then Not
[edit] I value input from subscribers and ask for all feedback, including criticism. Well, a gentleman who values NFTRH as a serious entity does not care for me getting involved in some of this social media clownery. And do you know what? I agree with him. As a human, I see things and I get annoyed and participate in the clownery. But I should remember … Continue reading Speaking of Bubbles… [w/ edit]
I have already reluctantly trimmed this position once and it has grown in size again to be the 4th largest equity position (behind 3 favored gold stocks) in the account in which it’s held. Due entirely to not wanting to pay more capital gains taxes I have let it grow itself back and that enforced discipline has not allowed me out-think myself. Roku pleasured the … Continue reading We will we will ROK U
I am still holding this streaming service that I don’t even use. I held it for two reasons… The chart never told me to sell, and I did not want to incur the capital gains tax, as it is in a taxable account. I’ve had a few whipsaws, fake outs and screw ups this year but on balance it’s been a great year and sometimes … Continue reading We will we will ROK U
Sometimes being a man who stares at charts, gets titillated and acts upon that titillation pays off. ROKU was brought to my attention by a subscriber who asked that it be included in NFTRH 610, which it was because of said titillation I experienced when looking at the chart. From the Trade Log on Tuesday: “I am going to play pattern nerd and add ROKU … Continue reading We Will Rok U
They did ROK U if you over-stayed your welcome, that is. It’s always a good time to examine your own personal psychology in this racket and after I took the profit (after a mid-Sept. buy at support) around the SMA 50 (as originally planned) my greedy side enviously watched it gap higher. Then I put my greedy side away and took the profits from a … Continue reading They Did ROK U
I bought the gap fill a few weeks ago, exercised a minimal amount of patience and sooner rather than later, over valued TeeVee company ROKU appears to be getting with the program (get it?). Support and resistance are well defined. Probably the only way I’d try for the upper gap is if I become a US stock market bubble head as instigated by some sort … Continue reading We Still Rok U
Over valued TeeVee company ROKU got killed this week. It started with Apple’s news (last week I think) and continued with Comcast’s news this week. Analysts are falling all over themselves to downgrade the stock. I took a shot at it today, buying while I was out of the office and so I got to see little more than the $70/share haircut and a gap … Continue reading We Will We Will Rok u…
Profit is profit; always a good time to take some… The stock is up big today on no material news… 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. … Continue reading Taking Profit on 1/2 ROKU Position Because…
[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 … Continue reading Silly Season: ROKU Edition [w/ edit]
This man who stares at charts saw ROKU getting wiped out post-earnings – as so many growth stocks have this earnings season – and started a position in after hours yesterday. Today on further tankage the position was increased, per plan, on the drop to the SMA 200. As long as the market view is stable (near-term) I figured that taking a shot on the … Continue reading Man Who Stares at Charts Sees ROKU Cup & (Severe) Handle
The recent market stress has rammed this stock down in an extreme Handle to a Cup with an extremely higher right side rim than left side. I always like to see a higher right side. I had noted previously that I’d like to see the gap fill and the SMA 200 get tapped and I still think that is the most likely outcome. But I … Continue reading NFTRH+; An Extreme Cup & Handle
Citron Research is a noted short seller. Basically, the guy (Andrew Left) hates everything. Sometimes he’s right and other times he’s either wrong or a given stock he shorts just does not care about the bearish case and goes up anyway. I have never shorted anything he has put the bear on but I was first alerted to the long-term bullish case for BB by … Continue reading NFTRH+; A Post-Citron Look at ROKU (low priority)
