re: stock tip...FSLY

Just took a little off the table this morning, 15 @$119. Still have 80 shares but hey, it’s something. Escalator, not elevator.

i own AYX but not TWLO, but both have rooms to grow.
i like FSLY here at 117 much more than at 120+...honestly it would be best if it held here through the rest of the week, maybe even a bit lower.

there is a clear pattern emerging in these growth stocks...a big gap up, then a steady descent and a scuffle in a range, then when a base emerges, a short squeeze, then a fall back. rinse and repeat

stay the course and you'll win

quote:

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I often see comments like "if it hits 35, it's clear to go up to $60" and I don't understand why that is. What do you see that makes you think that?

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chart reading is a artful science, i am in no way anything other than a novice at it, but there's a few constants.

the moving averages (simple & exponential, 5/10/20/50 days, etc) when plotted over a candlestick chart of a stock's price tend to repel and/or attract the price. when coupled with a bar chart of volume, below the stock price chart, and with the averages overlaid on the price chart as lines, patterns emerge

the simplest is "resistance" and "support". if a stock keeps going up to 100 and than falling back, after a few times it can be said that 100 is resistance. and then, if it goes to 110, gets knocked back to 100 but no lower, 100 is now support. volume is important, as if a stock is caught at resistance but volume is high, its a good candidate to bust through it

in your example, 35 is current resistance, and a stock is said to "break out" of resistance to the next level (if one exists, ie: if the stock has ever been high enough to form resistance at a higher level).

hope that makes sense

I sold everything at 120.08. Back in at 116.07. I'm thinking tomorrow is going to be a good day.

yes that’s a good suggestion
often I will see an analyst make a chart observation and I’ll go to my own charting (I use the CMLviz free site) and see if I can make sense of it myself.

It takes practice like you said

Guess I shouldn’t have sold at 118 haha

I moved that money over to Pinterest anyway, so still making money. Gonna hold out for a dip in fastly to buy back in... may never come

I hope so, you’ve been good to me so far haha. But I am keeping alittle cash on the sidelines to try to get back in fastly at some point. Every other run up it has had has had a pretty significant pullback, hoping for my sake that this time is no different

My portfolio is absurd right now. I love it, but I want some sideways actions for a while to stay sane

PINS- Had a buy in at 41, never has dipped. Maybe I shouldJust grab some at 44?