Investing General Discussion

Araysar said:

Why Cloudflare Stock Popped Today | The Motley Fool

Needham boosted its price target on the cloud platform company.

www.fool.com

What happened
Shares of Cloudflare (NYSE:NET) have popped today, up by 11% as of 12:50 p.m. EDT, after the company received some positive comments from Wall Street. Needham analyst Alex Henderson boosted his price target on the stock from $32 to $38 while reiterating a buy rating.

So what
Henderson believes that Cloudflare will enjoy strong demand for its products and services as more companies continue shifting to the cloud. It will also benefit from ongoing adoption of 5G edge computing, in Henderson's view. The analyst also points to Cloudflare's continued focus on innovation, such as recently introducing a new feature that could allow its services to process traffic 40% faster than before.

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You made a good call.

Sanrith Descartes said:

You made a good call.

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Thank you.

Jysin said:

Any new news? Looking for some tips.

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Fiverr is already up 5% today because of this: https://www.streetinsider.com/Analy...+Oppenheimer+Due+to+Share+Gains/17020821.html

I'm thinking of picking up a couple shares.

China Bat Soup said:

I made some decent returns in April with it. It's a fucking rush - your investment can go down 80% or up 200% in a blink of the eye. It's honestly pretty addicting, very similar to gambling. I made myself stop though because it was hard to be productive at work when I was spamming F5 on my brokerage account all day.

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This was me, made money mostly on luck and being stubborn about things turning around quickly so I bought calls on airlines, amc, and spy. Pretty sure I am still an idiot so back to stocks mainly for me.

dumped the Cloudflare stock, growth started stalling and ebbing

Been looking at StarTek for the past 2 days: StarTek, Inc. (NYSE:SRT) Just Reported, And Analysts Assigned A US$7.17 Price Target



They are at $5 right now, their 52 week high was $8.5, now starting to trend back up a

I looked up to see what they do and from their website:
"Startek is a customer engagement business process outsourcing company. We deliver deeper relationships through better customer insights and interactions for our clients."

jerk-off-motion.gif

Thinking about picking a couple hundred shares, try to ride it to $6-7 and then dump it.

thoughts? anyone familiar with them?

Been watching Shopify too

I work in e-com so im pretty familiar with them, they are pretty much the main option for online stores as far as e-com platforms go. Probably will keep growing as
1. alternative to amazon
2. more B&Ms move online because of Covid

Going to park my cash in SHOP while i research opportunities over next few days

Bobalicios said:

This was me, made money mostly on luck and being stubborn about things turning around quickly so I bought calls on airlines, amc, and spy. Pretty sure I am still an idiot so back to stocks mainly for me.

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Options is gambling. If you are a responsible gambler it can be a fine way to place some of your retirement portfolio, but you need a strong foundation first. I dabble in options a bit, but I've never put more than a few percent of my money in them, and I'm quick to move money out when I win, and slow to replace the money when I lose. Generally it's 'funner' than the stock market because of the risk/reward, and I find it helps me stay more engaged with the market.

If you are not a responsible gambler, stay the fuck away.

China Bat Soup said:

20-Year-Old Robinhood Customer Dies By Suicide After Seeing A $730,000 Negative Balance

Amid the wave of newcomers to what has become a casino stock market, a novice options trader takes his own life.

www.forbes.com

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I was coming here to post this. Tragedy.

I'm not going to get into a back and forth. Ill just throw my opinion out there. Options aren't gambling. Options are math. Options have a lot of different uses. Blazin has discussed most of them at some point. If they are used like a roulette wheel them you are gambling.

You dont need to use borrowed money or margin to trade options. I have a journeyman understanding of the instruments and I never trade on borrowed money.

As with all things, due diligence and education are tools that make you better when it comes to the stock market. Use the correct tool for the desired outcome and it increases your chance of achieving the desired result.

Borzak said:

I read that earlier, pretty sure he had other issues going on in his head. Maybe, maybe not.

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Bill Brewster at Sullimar Capitak was related to the young man. Long series of tweets.

Sanrith Descartes said:

I'm not going to get into a back and forth. Ill just throw my opinion out there. Options aren't gambling.

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It's informed gambling. There's a reason some people aren't allowed to do sports betting in vegas. With enough research and information you can turn the table in your favor, but running into options headlong and assuming you meet those criteria is probably a poor decision. I won't poop on options cause I've made some nice money with them time to time, but it's only right to inform people that there are substantial risks that make it a poor choice for the foundation of your retirement.

One last note for today. I posted recently about using stops etc to protect yourself from volatility. When bad news hits it can come at light speed. I had a stop order in on BIIB when the bad news struck. Even though I am traveling this week I caught the news on Twitter before it was official from a news organization and was able to cancel my stop loss order and sell my position in the premarket. Had I not been able to sell my shares manually, the stop order would have kicked in and trimmed some of the loss.

For those of you trading in ultra-volatile stocks I cant stress enough using the tools like stops to protect your gains. This ends my public service announcement.