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Should I buy more Roku now?
Posted on 1/8/20 at 9:34 pm
Posted on 1/8/20 at 9:34 pm
It's been tanking the past 2 days. Will this keep dropping?
2
Posted on 1/8/20 at 10:45 pm to LEASTBAY
Dollar cost average your way in.
I heard they were expanding internationally. I think this stock will continue to rise for the foreseeable future. (I don't own ROKU at the moment...I should)
I heard they were expanding internationally. I think this stock will continue to rise for the foreseeable future. (I don't own ROKU at the moment...I should)
Posted on 1/9/20 at 4:46 am to TDFreak
roku does not have the best financials..
i'm not debating the merits of 'return on equity'...but there are many investors that wont touch something with a big red negative there (like roku)
(i'm one of them.. roku left a stench on my watchlist just putting it there)
in spite of the potential..i'd take a flier with it.
it has the worst financials of anything in my watchlist.. but it also the best performing.
is worth a closer look.
it has decent institutional support.
has positive outlook from "investors"
and far as technicals... imo, right now is when you enter.
pull up a 1w chart; a 195m chart; and even a p&f chart..
you'll see that ROKU is sitting on very strong support (~132ish)...you wont encounter too much resistance until right before mid 150s..and then again mid 160.
to me that is a profit:loss ratio of 4 to 1
that is an excellent long trade setup
the negative.. if this current support doesnt hold...then it may fall down to 112 or so
(meaning..use a very tight stop)
last thing..
earnings whispers are positive.
https://www.earningswhispers.com/stocks/roku
again, i'm not debating the merits of that... but lots of option buyers use that website. (anything extreme=sky high options)
roku is one of those stocks that will put you in the penthouse.....or poorhouse.
i expect it to gap at open.
i'll probably day trade the options today..
is very interesting.
i'm not debating the merits of 'return on equity'...but there are many investors that wont touch something with a big red negative there (like roku)
(i'm one of them.. roku left a stench on my watchlist just putting it there)
in spite of the potential..i'd take a flier with it.
it has the worst financials of anything in my watchlist.. but it also the best performing.
is worth a closer look.
it has decent institutional support.
has positive outlook from "investors"
and far as technicals... imo, right now is when you enter.
pull up a 1w chart; a 195m chart; and even a p&f chart..
you'll see that ROKU is sitting on very strong support (~132ish)...you wont encounter too much resistance until right before mid 150s..and then again mid 160.
to me that is a profit:loss ratio of 4 to 1
that is an excellent long trade setup
the negative.. if this current support doesnt hold...then it may fall down to 112 or so
(meaning..use a very tight stop)
last thing..
earnings whispers are positive.
https://www.earningswhispers.com/stocks/roku
again, i'm not debating the merits of that... but lots of option buyers use that website. (anything extreme=sky high options)
roku is one of those stocks that will put you in the penthouse.....or poorhouse.
i expect it to gap at open.
i'll probably day trade the options today..
is very interesting.
Posted on 1/9/20 at 5:40 am to LEASTBAY
Buying it for a trade or a long term hold?
Posted on 1/9/20 at 6:34 am to Jag_Warrior
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.
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 on 1/9/20 at 7:36 am to Jag_Warrior
I'm already holding some. Just thinking about adding to my position.
Posted on 1/9/20 at 8:10 am to LEASTBAY
You could determine a price (and a time boundary) where you’d be content to buy it and then sell a put option at that strike price. If it hits that price, you get the stock and reduce your cost basis by the premium received from the option. If it doesn’t, you keep the option premium and decide your next move.
Just an idea, if you don’t mind potentially being long this stock.
Just an idea, if you don’t mind potentially being long this stock.
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