This is probably a good long I have a $566 target on ADBE & I think Van likes. It is very expensive though... I guess you are using options or something. I think you can achieve a roughly equal percentage gain using Silicon Motion SIMO which is much more affordable./ ~stoney
Hello Stoney, I prefer options spread to protect myself against stop hunting or using a little bit wider stop on the CFD contracts of ADBE, but for US traders I guess options will be a better choice to preserve some capital. About SIMO, The Price action looks beautiful but since the stock is overvalued I will not touch it in the current market situation. Thank you
Hello HlibKozakXX, DOCN, I will not touch it since the stock is overvalued, And it's in a downtrend. JMIA, I will not touch it too because it's overvalued, has weak financials, and the stock is also in a downtrend. Thank you
I know when you say "expensive", you're not talking about the actual valuation of the stock. Percent gain is percent gain. Be it on 100 shares of a $500 stock or 10,000 shares of a $5 stock. A 2% move on either is worth $1000.
I am bullish on the triple Q's. Looks like sellers exhausted and break of 375 resistance is on the horizon.