Don't short CHWY it's going very up. Back to $45.// When the dust settles here ZOOM and CHWY are telling the same story. The Go to pandemic plays that have settled down but their prospects are better than ever... I'm ordering CHWY more than ever all the pet stores have closed. AMZN not a player. I don't use Zoom but I get that their enterprise size is locking up a lot of businesses and with back to office stalling out, Zoom is relevant still.
I have been using a good amount of pair trades though. I like that way better than just saying short that stock. Only one hasn't worked out as well as I would of liked.
Pure Storage reported 'another outstanding quarter,' says Lake Street 08:41 PSTG Even after adjusting for a pull-forward of second half orders totaling $60M by several larger U.S. enterprise customers, Pure Storage reported "another outstanding quarter" in Q1, said Lake Street analyst Eric Martinuzzi. Excluding the pull-forward, organic growth was "a terrific 36%," noted Martinuzzi, who is reiterating his Buy rating and $36 price target on Pure Storage shares.
Well, to be fair to the stock, it did jump over 42% at its high that day, from the previous close. The options are cheap. Nov $2.50's are about $1.30. $3.80 must be a reach in someone's eyes. 5 months is a long time. I don't think it's going anywhere fast Stoney. It's one of those stocks that a few pennies will make it go up 3% one day and down 3% the next. I don't think it'll take out $3.68. And hold at least.
Your biotech brains work well Stoney. I only point out the above so you don't spin your wheels and waste time when those brain cells could be researching and digging into another bio. That's all. And who knows, maybe this is a good one.
Daytrade Soney!!!!! Different timeframes for different plays. Does your HF short stocks btw, because I have a doozy. Not Chewy lol, and this is a long term short. I can email if u want.