Roku Inc (ROKU)

[hawkshaw812]

Well she is trickling up for a change .

[Nikodemos]

AND SO HERE WE ARE.... ! Just as I PREDICTED !!

NOW that the charts show a retracement to long-ago days some 3-5yrs back. It is ABOUT THAT TIME to take a MUCH CLOSER look... What did I say last in my last ROKU post here? Oh yeah,..."Going to love it MORE when the weather turns cooler, & as the Fall gives way to Winter!"

And look at the chart & retracement levels. Just SO BEAUTIFUL to look at. Looking forward to the BANKABLE Q1 & Q2 2023,...but NOT BEFORE doing some nibbling!

The charts are NOW on high alert here through the Holidays & into the New Year! If we get another virus ramp-up situation we could be SEEING MUCH higher prices ALL OVER AGAIN! This is a very well run company headed by an inventor-visionary. For those that don't know, feel free to look back at my EARLIER posts here -- many years ago WARNING that ROKU is a table-pounding BUY!! That was OH SO MANY 100's of percent GAINS AGO!! But worth the look back! And yes I was BUYING this UP back then BIGGLY in the $20's from '18. And now that we are having a MAGNIFICENT retrace, I'm seeing VALUE all over again: Enjoy!

Another drop down & there will be NOTHING to do but BUY IT & sock it away; for another great return on another solid company & VALUE buy! ~Cheers

[20stockman20]

I'm looking at doing the same.

[hawkshaw812]

I plan to thinking about averaging down on both roku and vld .

[20stockman20]

The market has tanked this past week. ROKU has followed. though not as much as the overall market. IMO hold what you have.

[hawkshaw812]

This going to $ 56.bucks or what

[hawkshaw812]

No I joined the hub but nothing would work .no private messages or nothing but I was up to flaming gorge all summer and didn't have great service I might try again .

[20stockman20]

The whole thing depends on you and your goals.
We all want to make money.
There are short term and long term stocks.
I keep it simple, no options, no shorts, or other gimmicks.
The short terms are for a day or two, then I sell when it shows a profit, if it looks like it will keep going up I put it up for sale with a trailing stop.
Can you receive private messages?

[20stockman20]

The whole thing depends on you and your goals.
We all want to make money.
There are short term and long term stocks.
I keep it simple, no options, no shorts, or other gimmicks.
The short terms are for a day or two, then I sell when it shows a profit, if it looks like it will keep going up I put it up for sale with a trailing stop.
Can you receive private messages?

[hawkshaw812]

Seams like were the only ones on this board .so what do you think roku is going to do ? Get some legs or continue the down trend . That's my biggest dilemma trading stocks I never no when to get out . Is there a way to tell when the run is over ?

[20stockman20]

Sitting on cash waiting for monday to look at
ROKU and VLD

[hawkshaw812]

Did you bail from roku

[hawkshaw812]

Had me a little nervous there for a while .

[hawkshaw812]

My thoughts exactly

[20stockman20]

market down, IMO wed. will come back.

[20stockman20]

market down, IMO wed. will come back.

[hawkshaw812]

Ouch

[20stockman20]

Bought more this morning,

[hawkshaw812]

Things are looking up .hope it continues.

[20stockman20]

Bought some more today!

[20stockman20]

https://research.ameritrade.com/grid/wwws/research/stocks/news/search?symbol=ROKU&c_name=invest_VENDOr
Check this link

[hawkshaw812]

Hope it makes a turn Round soon

[20stockman20]

Looks like it is coming back!

[Nikodemos]

After this last reporting period I'm going to wait for a retrace into a SIGN of REVERSAL. I LOVE this stock & it has done VERY VERY WELL for me. Going to love it more when the weather turns cooler, & as the Fall gives way to Winter!

I suspect they are going to bring in BANKABLE numbers through Q1 & Q2 2023.

I'll be back! This stock will NEVER EVER go off my watch! It has been THAT GOOD to me!

[starman2]

https://www.benzinga.com/analyst-ratings/analyst-color/22/07/28268863/bank-of-america-cuts-rokus-price-objective-as-stock-falls-25

(shared via bit.ly/mystocksapp)

[starman2]

https://www.fool.com/investing/2022/07/29/1-growth-stock-with-850-upside-cathie-wood/

(shared via bit.ly/mystocksapp)

[starman2]

https://www.fool.com/investing/2022/07/29/is-roku-stock-a-buy-after-its-spectacular-fall-fro/

[starman2]

Huge long term buying opportunity.

[starman2]

https://www.fool.com/investing/2022/07/29/what-investors-should-know-about-rokus-dismal-guid/

(shared via bit.ly/mystocksapp)

[hawkshaw812]

Lol these crack me up .bla bla we did this but did that never seen before lol in two weeks it will all be forgot about. Roku will be trading around $88 to $128 a share awesome

[eastunder]

Roku Blames Q2 Earnings Miss On “Significant Slowdown In TV Advertising Spend” Due To The Broader Economy
By Dade Hayes

https://deadline.com/2022/07/roku-blames-q2-earnings-miss-on-tv-advertising-slowdown-economy-1235080195/

July 28, 2022 1:22pm

Roku delivered second-quarter result well below Wall Street’s expectations, blaming a slowdown in TV advertising amid economic uncertainty.

The streaming giant said it lost 82 cents a share, compared with a profit of 52 cents in the year-earlier period and posted revenue of $764 million, up 18%. Analysts had expected a loss of 68 cents and revenue of $805 million.

Roku stock plunged more than 25% on the news during after-hours trading. It was in the $63 range, a level not seen since early 2019.

During the quarter, the company wrote in a letter to shareholders, “there was a significant slowdown in TV advertising spend due to the macro-economic environment, which pressured our platform revenue growth. Consumers began to moderate discretionary spend, and advertisers significantly curtailed spend in the ad scatter market (TV ads bought during the quarter). We expect these challenges to continue in the near term as economic concerns pressure markets worldwide.”

The number of active accounts ended the quarter on June 30 at 63.1 million, up 14% from a year ago, but once again, the economic climate had a negative impact. “Reduced consumer discretionary spend is pressuring many verticals including TV and player sales,” the shareholder letter said. “Retailers managed through elevated U.S. TV inventory and temporarily lowered TV prices in Q2, which helped soften the decline in TV unit sales in the quarter.”

Despite the gloom and doom pervading the quarter, Roku said it has completed its upfront advertising sales process, exceeding $1 billion for the first time. It launched original programming in 2021 after acquiring programming originally set up at short-lived mobile subscription startup Quibi and has added a number of original titles since. Originals stream on The Roku Channel, a popular hub for tens of thousands of film and TV titles on demand and hundreds of live, linear channels.

Roku had been a charmed company during the coronavirus pandemic. Like many of the subscription streaming apps found in its menu, it thrived as more and more of its customers were forced to stay home and overall streaming viewership boomed. Eventually, not only did people begin circulating more (though Nielsen has indicated streaming continues to gain record share) but a series of macroeconomic issues hit home. Because Roku has licensed its interface to a number of smart-TV makers and now has a presence in more than one-third of all sets in North America, supply-chain snags and inventory problems meant fewer units on store shelves and fewer new streaming customers.

Like other tech stocks, Roku’s has been beaten up this year, but the damage has been particularly sustained. While shares have recovered from recent 52-week lows, they are less than 20% of their high point of $472. Despite the company’s dominant position in streaming, more and more investors have taken skeptical views of the profit model in the sector and some analysts have questioned the company’s ability to stave off much larger rivals like Amazon or Comcast.

During a conference call with reporters, CFO Steve Loudon said the “severity of the pullback in the ad / scatter market was not expected.” But he also said it was “not unlike” downturns in 2020 and other times of disruption.

[hawkshaw812]

Well its coming around ur way

[hawkshaw812]

I wouldn't call dropping from @$105 .00 to $92.00 holding steady .

[wavridr]

nasdaq -300 crazy

[wavridr]

bought in at 93. this has been holding steady while nasdaq has been dropping nonstop for over an hour

[eastunder]

True that!

[hunterj20]

Yep, I have made sure to keep enough cash for next week to add if it goes lower. Those low 80's, upper 70's could be a thing of the past here idk

[eastunder]

There was an open gap at 89.06 from May 27th. That's now filled.

Because we are under the five day, I think, for me, I'll target a Bollie tag for my next add spot and actually buy more if it gifts me a price under 80 or around there. I like the sport in the build of a position. So much more fun than buying all at once!!! But that's just me. If it doesn't do that, I'll target something else. LOL

The bb currently sits @ 79.25 but moves (duh, right? )

[hunterj20]

Great time to add ROKU

[hunterj20]

That's just purdy right there. Amazing long hold, no brainer.

[eastunder]

ROKU

[hunterj20]

Buying Roku in multiple accounts, avg around $80 per share in them. Great long term hold!!!

[budgetthis]

Thanks hawkshaw……!

Let’s hope for a continuation tomorrow !

[hawkshaw812]

That's awesome glad to see you

[budgetthis]

We only show-up for winners…….lol.

$$ ROKU $$

[hawkshaw812]

Where did everyone come from lol .

[budgetthis]

We rock……

NICE Numbers……doing fine in a crazy economy…..

Go ROKU!

[DTGoody]

https://www.marketwatch.com/story/rokus-stock-pops-7-in-relief-rally-on-rise-in-usage-11651178207?msclkid=4845ccb4c73311eca43a402ea15476c9

[DTGoody]

Definitely Crazy!!! As long as it opens above $100 tomorrow, I will be Happy! LOL

[TheFinalCD]

that was some crazy whiplash action

this market is insane

they must have attacked stop losses then ran it