I watched (from my 401k) this stock get halved after the fiasco earlier this year but I just held it, and now it's blasting. Beating the Q's just about every day. Anyone know why it's so strong now?
The entire market is euphoric so it doesn't matter , every stock is being bid up ...thats what hapoens in bubblicious markets.
It is nothing unusual for super long term(measured in decades) winners to have multiple drawdowns of over 50%. You shouldn't even be asking the question.
Right, even the medium and small (cap) dogs are showing life. Good time to do some tax loss harvesting.
Thanks. I'm way too active as a trader. This idea of letting strong stocks climb for years is very new to me, and I tried it this year for the first time. Best year I ever had, by far.
An excellent stock for swing traders. Mar 2020 super up Nov 2021 super down Jan 2023 super up Jul 2024 down Aug 2024 up TBD super down Such stocks are not for investors who are obsessed with HODL.
That's true, and this yearz new resolution is going to be to outgrow swing trading, and get a pair of DIAMOND HANDS! Totally superior if you want to hit excape velocity and compound your account like the covid case curve
Cybersecurity stocks all trade at ludicrous multiples, maybe Palo Alto or Fortinet are reasonable but my observation being in these stocks is they do well in between earnings reports but are a coin toss at the earnings since they all lofty expectations of forever growth. I still remember the Q1 report of PANW. The reaction was a 30% drop the next day. Fortunately I bought DOTM puts so I didn't lose much but these are the things that keep happening. Its even happened to a supposed reasonable P/E stock like Fortinet. They have a blow up every other quarter.