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re: Should I buy more Roku now?

Posted on 1/9/20 at 5:40 am to
Posted by Jag_Warrior
Virginia
Member since May 2015
4126 posts
Posted on 1/9/20 at 5:40 am to
Buying it for a trade or a long term hold?
Posted by mrgreenpants
paisaland
Member since Mar 2018
1421 posts
Posted on 1/9/20 at 6:34 am to
long swing trade.

imo, techincally it is showing a "low volume pullback".. longs were locking in profits (literally at the support).
to me.. that says whatever long term trend is still intact.

IF you can get that price(or better).. i'd just place a 5% trailing stop and let it run...
it it drops 5% you're out...
..if it get close to 160 then make a decision on whether take profits.

for options..it has a high IV.. for a reason.
but with earnings season getting into high gear next week.. i personally probably wont want to do anything but day trade it.
imo, if anyone even flirts making a bigger buy order visible..it may gap.
Posted by LEASTBAY
Member since Aug 2007
14323 posts
Posted on 1/9/20 at 7:36 am to
I'm already holding some. Just thinking about adding to my position.
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