8/26/24 - $elmd - Nice biz but pass @ $15 8/26/24 :: VROCKSTAR :: AMEX:ELMD
Nice biz but pass @ $15
- 30x PE, good mgns, growing but i'd rather own NASDAQ:NVDA for 30x
- generates cash, *is* net cash - great
- seem to be getting some inflection on gross profit line from opex leverage, but stock seemed to already incorporate a lot of this upside
- keeping eye out in case we see it back in the $10-12 zone on a more beta-small-cap related risk off than fundamental
- but worth putting on the small cap list. not one that needs to be in my portfolio. I think NASDAQ:MYPS (which i wrote about today) is a much better r/r all things considered.
- but i'd not fade this one, maybe a dip buy if they miss EPS
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ELMD trade ideas
$ELMD can rise in the next daysContextual immersion trading strategy idea.
The demand for shares of Electromed looks higher than the supply.
The company develops, manufactures, markets, and sells airway clearance therapy and related products that apply high-frequency chest wall oscillation therapy in pulmonary care.
Due to the spread of COVID-19, the demand for the company`s products rose.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $12,10;
st0p-loss — $11,50.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
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You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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$ELMD - The chart can't lie.$ELMD , the stock that moves 100%-200% in a month every other year. Guess what.. This month was one of those months. With the history of this chart, you can clearly see what the out come is with big jumps. I'll be looking forward for this chart to reach around $4-$4.05 to start shorting this bad boy.