dolly678lovesdaddyFeb 07, 18 2:25 PM
20+ is too expensive for me to buy the stock. I did something different, but won't tell for fear I'll be kicked out.
$120 Profit
SNAPLong Stock
Entry comments: I'm buying a slightly larger/higher priced play, but they just CRUSHED earnings estimates due to growth in international markets and the stock has been uptrending all day so I'm taking a small now as this could be the start of a multi-month runup no different from how Facebook spiked to the 30s when their mobile ad business began exploding
Exit comments: I'm out for a small gain as I don't like how it's not bouncing despite the Dow bouncing roughly 1,000 points off its lows...not going to risk anything in this crazy market so I'm out for very small gain...playing it safe into the weekend, video lesson coming on this play too
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Position Updates
- Feb 07, 18 2:03 PM: Bought 1000 at 20.52 - I'm buying a slightly larger/higher priced play, but they just CRUSHED earnings estimates due to growth in international markets and the stock has been uptrending all day so I'm taking a small now as this could be the start of a multi-month runup no different from how Facebook spiked to the 30s when their mobile ad business began exploding
- Feb 08, 18 9:02 AM: Added 1000 at 19.04 - I'm adding into my position here on. big morning dip as the stock hit the 22s premarket, but now is fading only due to the overall market so I'm averaging down and trying to be longer term focused here as I still think this can get back to the 22s or even higher the next few days/weeks
- Feb 09, 18 9:50 AM: Added 2000 at 18.68 - Averaging down more on this new earnings winner, I still think it can bounce if and when the overall market recovers, the benefit of taking a small position at first
- Feb 09, 18 12:31 PM: Added 2000 at 18.36 - I'm averaging down even more now as the overall market is getting wrecked so this hot stock is on sale...I still think it can bounce so Ill gladly lower my average price
- Feb 09, 18 2:52 PM: Sold 6000 at 18.96 - I'm out for a small gain as I don't like how it's not bouncing despite the Dow bouncing roughly 1,000 points off its lows...not going to risk anything in this crazy market so I'm out for very small gain...playing it safe into the weekend, video lesson coming on this play too
Related Posts
| Date | Price | |
|---|---|---|
| Entry | 2/7/2018 | 18.94 |
| Exit | 2/9/2018 | 18.96 |
- Total Views1,673
- Position Size6,000
- Percentage0.11%
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dolly678lovesdaddyFeb 08, 18 9:04 AM
market is way oversold. lots of volatility comping after a big drop. expect bounces.
