Pandora has taken a beating even with it's new Sirius backer.....because of the use of convertibles to finance other projects (share dilution). I see P has touched this support level several times and also has a gap to fill that may/may not match 1.618 extension. I couldn't care less about that (think tool was fib retracement) and want to start to own these...
Dealing with the FOMO (fear of missing out) with SHOP. I had on a couple of occasions written ITM short puts (synthetic covered calls) and done well when this was in the 30s. It has run too far, too fast and I guess I feel like I missed this one. It hasn't made any money but even AMZN won't compete against them.....regardless if the overall market turns this...
I am long 200 shares < 5% per rules and added this higher beta name to compensates for my lack of delta. It quickly turned south and I was left holding the bag (a fool and his $$$ were lucky enough to get together in the 1st place---BH) I did reduce basis by immediately selling calls and have reduced basis by 6.30. With earnings approaching 5/2 I need some...
Don't like these markets as they are over extended but need some ROI. This cheap(er) stock has a higher beta and growth potential. A L.Navellier rec and some rumors of takeover bid seem to give this name a lift. FNSR,AAOI, and others have also been rallying of late with larger pullbacks recently. I am not much of a chart person and prefer cost basis reduction...
LC is another gopher burner. Laid low and a possible turn around story I have been keeping an eye on. Goldman is supposedly rolling out there own version of "crowd lending" to crush this upstart. LC has missed out on the financials rally and I would much rather buy it at 4 than 5.5 but if you believe the economy is going to continue to improve and interest...