Added Tencent (ticker 700) @ 492.6, If price get to 400 I will add again.
Stocks 2 Buy
- Thread starter Alan Salih
- Start date
$ADBE trade, With the current market situation I will go for option spread
This is probably a good long I have a $566 target on ADBE & I think Van likes.
It is very expensive though... I guess you are using options or something.
I think you can achieve a roughly equal percentage gain using Silicon Motion SIMO
which is much more affordable./ ~stoney
It is very expensive though... I guess you are using options or something.
I think you can achieve a roughly equal percentage gain using Silicon Motion SIMO
which is much more affordable./ ~stoney
Hi, guys, what do you think about DOCN and JMIA now?
Hello Stoney,
I prefer options spread to protect myself against stop hunting or using a little bit wider stop on the CFD contracts of ADBE, but for US traders I guess options will be a better choice to preserve some capital.
About SIMO, The Price action looks beautiful but since the stock is overvalued I will not touch it in the current market situation.
Thank you
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Hello HlibKozakXX,
DOCN, I will not touch it since the stock is overvalued, And it's in a downtrend.
JMIA, I will not touch it too because it's overvalued, has weak financials, and the stock is also in a downtrend.
Thank you
I know when you say "expensive", you're not talking about the actual valuation of the stock.
Percent gain is percent gain. Be it on 100 shares of a $500 stock or 10,000 shares of a $5 stock.
A 2% move on either is worth $1000.
