PD trade ideas
PD UpdateI keep getting questions on this PoS. Well folks, it's gonna move with the market. Doesn't matter if it's a garbage stock that missed on earnings and had poor guidance, obviously the market doesn't care about valuation. Guessing which way this goes is the same as guessing which way $NDX will go.
Buy Sept puts in Aug for earnings. That's all I can say. It may tank before that though because earnings in general will suck this quarter without stimulus money this time.
PD UpdateLooks like shorts are getting squeezed out of tech stocks, and this garbage is considered a tech stock.
It's all algos trading, there's absolutely no basis in fundamentals, but you can't fight the market. Just play earnings again next quarter, it'll suck again.
PD Pre-COVID chartThe funny thing about this PoS stock is that it's doing the same thing it did 2 years ago. Eventually everyone realizes it's a PoS money losing company with no growth.
Would not be surprised at all if this is in the teens again in a couple of years. They're losing money at a time when every SaaS company is raking it in. How are they ever gonna make any money?
PD UpdateThey washed out all the shorts the past 3 weeks, now there's nobody to buy this PoS.
I should've seen it coming considering options premiums indicated a 14% move. Chart pattern indicates back to the high $20's, certainly that $32 gap fill I was talking about a month ago.
It's toast, lol. I bought some $35 puts with my profits, I bailed waaaaay too early this morning. Look at the MFI, it's got a long ways down.
If you're still in $40 puts, I suggest swapping to $35 soon to lock in profits.
PD UpdateStill plan to short earnings, waiting for entry.
Target is $44, will buy puts Wed if it does not hit that target on Tuesday. I think we get a Fri/Tue pump.
Market is sorta pumptarded and earnings are always a crap shoot. Guidance sucked so they might beat and go up even if earnings suck, lol.
PD no play until earningsI've seen this with other stocks, even big ones like AMZN where it goes into earnings at the same price as the earnings result from the previous quarter. So it looks like it's headed to $37.5 and stuck in that area for the next couple of weeks.
Keep in mind guidance wasn't good and they lose money every quarter. Will short earnings the day before if it's at or above $37.5. Will buy $40 puts if it goes above any time in the next 2 weeks.
PD UpdateI bought some puts today, but now I'm regretting it because I just noticed that NQ1! (nasdaq futures) is oversold on the daily (see my NQ1! daily chart). That means they will pump everything for the next month. Even garbage floats on a rising tide.
I think this will be a good earnings play though if it goes above $38 before earnings. Earnings sucked last quarter and wasn't even good the previous quarter when they pumped this garbage, eventually the air has to come out of the garbage bag and it's gotta sink.
PD gap fillThis gap will fill either before or at earnings. Earnings sucked last quarter.
Got into $40 puts at $40 today. There's a chance this goes up Mon/Tue because even garbage floats on a rising tide.
PD longer term viewBig bear flag has formed, if the market melt up and goes parabolic, this could make it back to $45, and if it does, I'm loading the g'damn boat with puts.
Eventually the bear flag will break and this heads down to $25 area. If you don't think that's possible, go look at the daily chart for BLDP. Market is selling off money losing stocks with no growth.
PD: ascending triangle breakoutPD: watch for imminent break of the ascending triangle .
Target move approximately at usd 52.
Trade safe
im not convinced this is dead this chart has given me almost everything in the book to disappoint me
W, inverse head and shoulder, false breakouts
now we have an ascending triangle
if it holds true the triangle is to $54 and the cup and handle is to abt $60
good tech earnings will pick this up to
bullish to $60 the fact that it didn't bust through the $43 area makes me think that the move will be to abt $52-$56 in april and can get to $60 in may
looks great
150% growth opportunity PaferDuty has a massive upside of 150% growth opportunity according to old good technical analysis clearly showing reversed head and showers. If we do classic 100% 1:1 we should end up at around $104 per share.
We are still under Tenkan and Kijun on Weekly and Under the Kumo on D1 so it's a very good chart to observe and catch the potential momentum should it start sometime soon. Looks very promising to my eye.
PD UpdateI imagine this gets at least the $34 gap fill before the next bounce. Should fill the next one too before April options expiration.
PD PennantPoS missed on earnings and went up big couple days after for no reason. Obviously forming a pennant,, no reason for it to break upwards. A lot of stocks are heading back to pre-COVID price range, this should be one of them.
$26-27 target, bought April puts this morning
break out of handle into retest for double bottom PD is a great company and i think could be $65 buy may which is when i bought my contract for
really cool company and great chart
PD Bubble collapseI think the market selloff ends Monday, everything is oversold, a lot fo bubbles have collapsed. Look at this PoS, dropped the whole entire post earnings runup.
I was waiting for $60 to short, lol. Should've entered March 60 puts at the top, wow.
PD: Still as bullish as ever. Best entry into the name since NovPD is still one of my favorite picks in 2021. The recent sell-off in high multiple names has wrongfully been aimed at PD. PD has a modest multiple when compared to other software names/peers. The stock dipped into the oversold region of RSI and is now just barely above it. Also very bullish that it held the 200SMA. Please look at my earlier PD notes to see my full thesis on the name.
bullishBeen bullish since I first posted about them in july 2020 - fundamentals are strong, chart looks good. I think the market underestimates the potential for dramatic increases in customer base as well as current customer usage. Respectable amount of cash on hand vs cash burn.
Not my focus but as a side note wouldn't be surprised to see a larger player attempt to acquire PD.
PDEarnings sucked but it went up anyways, lol.
Someone remind me to short this PoS when it hits $60. BTW, if you're long, congrats on picking a complete crap stock and winning anyways, lol. Probably should take the money and run before next earnings.
