Sanrith Descartes
Von Clippowicz
- 41,591
- 107,705
el-oh-el at all the analysts cutting price targets on HD by 10+% on great earnings. Analysts are total shit.
Investing General Discussion
- Thread starter Furious
- Start date
Blazin
Creative Title
- 6,432
- 33,756
I don't know if they are wrong though, for HD and LOW the YoY comps are going to be really tough. They have really had a perfect storm of awesome it's going to be tougher going forward, them pulling off even low single digit sales growth next couple quarters would be a large win for them as companies but may put some strain on their stock price for a bit. HD looks good to me at $300 the $420 was getting way ahead of itself that pandemic sales growth was not going to continue at that pace.
LOW will likely get whacked tomorrow, but I'll be watching for an entry sometime during this weakness. They will consolidate these wins in both their business and their stock prices, positioned well going forward.
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Sanrith Descartes
Von Clippowicz
- 41,591
- 107,705
I am in HD at around $240 so Im happy either way. Just adding little chunks to round things out. and that 15% div increase puts me over a 3% yield at my cost basis.
Sanrith Descartes
Von Clippowicz
- 41,591
- 107,705
Blazin
Creative Title
- 6,432
- 33,756
That is not a fade, that is a bull flag. Now if we lose 430.70 that would be a fade, but as of this moment there is nothing bearish on this move.
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Jysin
Ahn'Qiraj Raider
- 6,288
- 4,055
We bounced 6 SPY points from the low and this first pull back is ~1 from that and holding over vwap.
"Total fade"? Bit ott there.
Sanrith Descartes
Von Clippowicz
- 41,591
- 107,705
Blazin
Creative Title
- 6,432
- 33,756
Wasn't making a statement on what might come, where you? You said it was a fade not that you thought a fade was coming.
Sanrith Descartes
Von Clippowicz
- 41,591
- 107,705
I saw that the fade was kicking in. I didnt mean a cliff drop, but a determined fade back down from the effects of his press conference.
Blazin
Creative Title
- 6,432
- 33,756
There is always a chance a bull flag can break down, not just wanting to nitpick but a bull flag should be given a chance, the technical level was clearly 430.70 if a trader is less patient than that then they would get stopped out of a lot of bull flags that would leg higher.
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Sanrith Descartes
Von Clippowicz
- 41,591
- 107,705
Sanrith Descartes
Von Clippowicz
- 41,591
- 107,705
Blazin
Creative Title
- 6,432
- 33,756
Blazin You failed to let us bask in your glory how ABBV dips below the $145 strike just long enough to expire worthless and then it moves back above the strike today. That was some jedi mind trick shit there.
I sold 3/18 calls on it today and picked the $150 strike so I'm taking some risk here that it's going to be ranged bound. I may have overplayed my hand with this one we'll see. Sold calls today on lots of names which is tough to do when market is struggling but can lose a lot of time premium waiting for better opportunities that sometimes you just need to sell em and hope for the best. Lots of the stocks I hold are doing pretty well. PARA is the only one that is at a level that I don't really want to sell calls right now, would like to see a nice green boner bar or two first.
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Moglyzoke Moogleman
Stock Pals VP of Shit Stocks
- 587
- 457
(I just realized if this isn't SFW let me know and I'll fix. TY in advance)
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Sanrith Descartes
Von Clippowicz
- 41,591
- 107,705
The best thing about markets like this is that if you miss an entry point today, don't sweat it. There is always tomorrow.
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