PANW was downgrade and is rallying… CRWD is upgraded but dipping.. what logic is this shit
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I ain’t any guru… i follow technicals and trend line of the market
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102454808 : I have shorted March 8th 297.5 put option..What do u think will it touch 297.5 tomorrow?
OceansWaveOP 102454808: The technicals on the daily indicators has not shown that it has formed a bearish trend so I can’t tell.. it can bounce still.. the problem with this stock is that there is not much news, only can based on indicators… so if anything happens behind the scenes you can’t really tell.. the 5EMA has not gone lower to other EMA like 13EMA… typically when a lower EMA crosses larger EMA, it will be become bearish.. RSI is in the mid range.. so this stock anything still can happen…
Shroomie : this thing has a forward PE of 861... that's insane. way overvalued... go look up what the fair value is
102454808 OceansWaveOP: Thanks for the analysis... it's been crazy...fall from 375 to 315 in no time...and the Analyst ratings is 425 and above....I will hold and may be let myself get assigned if it touches 297.5...let's see how low it can go
OceansWaveOP : Ok u sold puts?
OceansWaveOP 102454808: U sold or buy puts? Of u buy puts, if it hits the strike price 297.5 tomorrow u earn.. if u sold puts it hit the strike price, you get assigned.. I presumed u are selling puts.. if u have 29750 to spare, getting 100 shares of this stock at 297.5 is worth it.. keep it for 3 - 6 months definitely it can move up further..
102454808 OceansWaveOP: yes I sold put..my guess is it will go back to 300+ in few days once it hit 297...I am willing to take the margin interest risk...let's see...