Looking for reversal in Pinterest $pinsLook for possible entry on a break from the channel, the stock is still down over 45% from its peak so plenty of upside in a possible reversal.
Company profile
Pinterest, Inc. engages in the operation of a pinboard-style photo-sharing website. It allows users to create and manage theme-based image collections such as events, interests, and hobbies. The company was founded by Benjamin Silbermann, Paul C. Sciarra, and Evan Sharp in October 2008 and is headquartered in San Francisco, CA.
PINS trade ideas
PINS long setup - 1:9 risk to rewardThis is crazy but I want to try this. My winning probability is lower than 15%. I am going to risk no more than 0.25% of my account in this trade. No gambling. Maybe i should buy some OTM calls.
PINS LONG SETUP:
Entry: $19.53
Stop-loss: $18.04 ($1.49 per lot)
Take-profit: $32.95 ($13.42 per lot)
Risk: 0.25%
Risk to reward: 1:9
Probability: Less than 15%
Disclaimer: I'm not a financial advisor. This is not investment or financial advice.
Trade safe,
Atilla Yurtseven
$PINS Algos Overreact to Earnings.Earnings Commentary Source Investorplace.
Adjusted EPS coming in positive is an improvement over adjusted losses per share in the third quarter of 2018.
Revenue comes in 47.06% higher YoY from $190.20 million.
Loss from operations during the quarter is -$133.71 million.
That’s a 496.12% wider operating loss than -$22.43 million in the same period of the year prior.
The Pinterest earnings report also includes a net loss of -$124.73 million.
That’s 561% worse than its net loss of -$18.87 million in the third quarter of the previous year.
Despite the poor results, Pinterest co-founder and CEO Ben Silbermann is putting on his best face.
“In Q3, we redesigned Pinterest to make the service more intuitive and improved recommendations quality to help people discover new ideas they didn’t know about before. We are also expanding the number of shoppable products on Pinterest, which makes it easy for our users to go from inspiration to action.”
The Pinterest earnings report also includes a weak outlook for the full year of 2019. That includes revenue coming in between $1.100 billion and $1.115 billion. For comparison, Wall Street is expecting revenue of $1.12 billion for the year.
PINS stock was down 16.03% as of Friday afternoon.
Short interest 13.58%
Company profile
Pinterest, Inc. engages in the operation of a pinboard-style photo-sharing website. It allows users to create and manage theme-based image collections such as events, interests, and hobbies. The company was founded by Benjamin Silbermann, Paul C. Sciarra, and Evan Sharp in October 2008 and is headquartered in San Francisco, CA.
Pinterest in critical zone of support pre earnings.After what looked to be a fantastic IPO the stock is now 34% of the highs and indeed it looks highly unlikely to make its way back to that region for some time.
Earnings are after the close on Oct 31st and high volatility is expected, to trade it into this report if a very risky strategy and only for the brave.
Average analysts price target $33.58 | overweight
Short interest high @ 13.58%
Company profile
Pinterest, Inc. engages in the operation of a pinboard-style photo-sharing website. It allows users to create and manage theme-based image collections such as events, interests, and hobbies. The company was founded by Benjamin Silbermann, Paul C. Sciarra, and Evan Sharp in October 2008 and is headquartered in San Francisco, CA.
PINS about to reverse?Seems like PINS is about to reverse it's trend. Volume climax to the downside, RSI divergence. Making higher highs off the lows. Pinterest is a great product with lots of potential to make it outside of the US. Ad revenue still has a lot of room to grow. Long term target ~48. Idea invalid if price breaks 23.80.
$PINS RBC Capital see 40% upside in Pinterest. Entry level $27.50 = Target price $32.00 = Stop loss $26.70
Pinterest upgraded to Outperform from Sector Perform at RBC Capital. RBC Capital analyst Mark Mahaney upgraded Pinterest to Outperform from Sector Perform with a $35 price target.
Source thefly.com
Short interest 11.50% - could ignite a short cover rally.
Average analysts price target $33.06 | Overweight.
Company profile
Pinterest, Inc. engages in the operation of a pinboard-style photo-sharing website. It allows users to create and manage theme-based image collections such as events, interests, and hobbies. The company was founded by Benjamin Silbermann, Paul C. Sciarra, and Evan Sharp in October 2008 and is headquartered in San Francisco, CA.
Rising volume in Pinterest indicates momentum is changingPinterest has broken its downward trend line three times now, and each time it quickly resumed its downtrend. This latest time may be different, though. Pinterest hit a previous low, whereupon it received a big spike in volume. The analytics firm Pivotal took that as a cue to upgrade the stock to "Buy." Volume has remained high, so the next trend line break might actually stick this time.
Pinterest could get a lot more buying volume coming in if it falls again to previous lows at 25.32, 23.91, 23.60, and 23.05.
$PINS Worst Looks To Be OverThe news today that 4.68m shares of $PINS were sold at $25 removes an overhang on the stock. Yesterday's bull hammer further signals that the worst might be over for the stock.
Pinterest had been dropping as the lockup has expired. With just 4.68m shares sold, this could be a sign that more stock won't hit the market.
Pinterest, Inc. provides a visual discovery engine that helps users to discover ideas for various projects and interests worldwide. Its platform allows users to discover ideas for daily activities, remodeling a house or training for a marathon, ongoing passions, and planning a wedding or a dream vacation. The company’s platform show visual recommendations called Pins, based on user personal taste and interests. It also provides Product Pins that make items shoppable with up-to-date pricing; Recipe Pins to cook a meal by bringing the relevant information; Shop the Look, which enables pinners to shop for the individual products they see within fashion and home decor Pins; and Video Pins, which are short videos with topics, such as how-to content about cooking and beauty. The company was formerly known as Cold Brew Labs Inc. and changed its name to Pinterest, Inc. in November 2010. Pinterest, Inc. was incorporated in 2008 and is headquartered in San Francisco, California.
As always, trade with caution and use protective stops.
Good luck to all!