won't enter position yet but i bought a few calls to hedge on the upside.
$U 240719 21.00C$ calls are dirt cheap right now and will explode on reversal
of course dont put your life savings into it or something, just a very small % you're ready to lose it all
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aims to identify stocks with rock solid growth fundamentals with 10x potential. also dabbles a little bit in trading
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一朝游戏一航梦 : have u calls?
MomentumPython1337 OP 一朝游戏一航梦 : yes, i bought some, but not a lot. just some. i am waiting to buy shares if a reversal happens.
光辉岁月888 : I opened CALL (small pos) on 11/6. 12/6 up but false breakout and guess what 13/6 fell. No hesitation to exit with small loss. This stock is weak. With market all time high and this still falling. No confidence. It'll have a big reversal just that don't know when. Only for those with patience with no guarantees.
MomentumPython1337 OP 光辉岁月888 : it's weak because financials have worsened in past quarters, also Unity had big major restructuring and layoffs that just finished. new CEO also just joined recently. the company still has market share but need to monitor next earnings to see if there's a turnaround.
from these perspectives, the decline in share price is natural. but i do think there's an overreaction from the market, maybe people are selling shares here to free up cash to buy semiconductor stocks.
73150736 : Which issue did your brother buy?