Nothing more than a hunch
$Spotify Technology(SPOT.US$ something tells me that user growth will decline YOY versus difficult pandemic comps. From a personal viewpoint, I let my Spotify lapse and the company came at me HARD with 50% price reduction offers to get me back. Seemed kind of desperate. I absolutely could be wrong but if we see a $PayPal(PYPL.US$ $Netflix(NFLX.US$ type earnings tank, I still will say I TOLD YOU SO!!!! 🤣🤣🤣🤣🤣I’m gonna buy a $1000 put just so I feel some pain if I’m wrong …. cuz I would deserve it.
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I block accounts with no name, pic, trading history or posts that try to follow me. Sorry hedges
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bwjx : Why not wait for earnings to come out first then get a discount if it's earnings are bad.
Mike HuntOP bwjx: Because I don’t want to own the stock
OKAYIPULLUP bwjx: because there won't be any fun
OKAYIPULLUP : LET'S GOOO
Mike HuntOP OKAYIPULLUP: Exactly. I hit on Spotify, I can’t say I missed on FACEBOOK because I didn’t place a bet but for a guy like me, it feels like a miss not buying puts
Dons hobby : I think when you come at a stock from a consumer point of view knowing what the Co. is doing or not doing as far as doing direct business with consumers is always good indepth info about any Company.
But like you say just a hunch.
Don
Mike HuntOP Dons hobby: I think that direct interaction with the company is the best DD will ever get on a stock. For instance I am a true long-term believer in SOFI because I downloaded the app and I am a user. It is consolidated and streamline all of my finances. And I like the way they do business. For instance in Hawaii we aren’t allowed to trade crypto but I can trade it on SOFI. After my first trade of $50 I was immediately credited $10 in bitcoin in my account.
Dons hobby : some day I will get comfortable enough doing this to learn how to do puts. And of course when and where to do it which is what I really have no idea about lol.
Don
Mike HuntOP Dons hobby: Whether it’s buying puts or taking a short position if you don’t have the ability to capitalize on falling prices you are making yourself ineligible for where 50% of all potential gains are
Dons hobby : Thanks for the info I really appreciate it. I know it can get very complicated especially the when and where to pick the time and the price points which I have no clue about. It's interesting to me but I am a long way off from ever getting into it.
Thanks again
Don
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