PINS after hours up nicely.

Very nice run here.

I'm not an expert, but if I were in your position, I would wait until a red day to buy in. It probably won't go up too much higher today. I would anticipate a drop when day traders take their profits. Either way, I think it's a good thing long term. It's just about getting in at a better price. I am buying back into PINS when the dust settles after the election.

Pushing $80 this morning on earnings release today.

Earnings: BEATEN

quote:

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Pinterest beats by $0.11, beats on revs, expects Q1 revenue growth in the low-70% range vs. consensus of growth of 59%

4:13 PM ET 2/4/21 | Briefing.com
Reports Q4 (Dec) earnings of $0.43 per share, $0.11 better than the S&P Capital IQ Consensus of $0.32; revenues rose 76.4% year/year to $705.6 mln vs the $647.03 mln S&P Capital IQ Consensus.Global Monthly Active Users grew 37% year over year to 459 million.ARPU of $1.57, up 29% yr/yr.Guidance: "We continue to navigate uncertainty given the ongoing COVID-19 pandemic and other factors. Our current expectation is that Q1 revenue will grow in the low-70% range year over year."The S&P Capital IQ Consensus for Q1 revenue of $432.3 mln calls for growth of ~59%.

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Think it's too late to jump in?

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It depends on what you're trying to do.

If you're day, swing, or momentum trading then it's a bit too rich IMO and the risk is too high.

If you plan to hold long term (3-5+ years) then where it is today is of little significance. You would fully expect it to be magnitudes higher by then and you would be buying the dips anyway as you had more cash. What you would be worried about in that case is not buying at all.

With PINS I'm of the latter group. It is a significant portion of my portfolio.

It’s up 25 percent in the last week just about. Pretty wild it was 64 not that long ago. I bought more twice when it hit 60’s recently so I’m very happy about it. Now let it hold for years with maybe more on dips and watch it grow.