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$22.60 will be the support base. Any break below $22.50 would send it right back down.
Oh oh ... here we go???
That's enough for me for now. Wait and see time.
If she breaks 23 again it'll run IMO
No you're not buying shares, it's more like a side bet.
Do you get something extra out of it? Say a discount or bonus shares if you get it right?
They opened the ability to trade options today on ROKU. Pick the date that you think a stock will be at a certain price. If it's at that price or better when that date comes around then you're golden, if not then you lose. I don't play options myself since I don't have a crystal ball.
What options do you refer to??? Learning curve here. TIA
I'm guessing the short game is officially over now. Resistance is broken.
Im guessing 24 flat
Options start today. I'm interested in seeing where people place their bets as the day moves ahead.
Bye bye shorts. That'll be a tough road this morning.
That's a nice run heading into the power hour, let's see if it holds above $22.00
Options start tomorrow so I think when people start to see which way people are betting in masses that will affect the movement for sure. So tomorrow might be another volatile day. I can't wait to see how it react tomorrow once those options start flying in.
If we hold 21.60 here we can expect a 22.05+ close IMO.
For now I'm sticking to just flipping until I get caught in a solid move up passed the current resistance. This is starting to get more stable as the days go bye. I think it's about to see the sweet middle spot of this up and down movement today. We didn't see a higher high today, but we didn't see a lower low yesterday, so this is where it will get interesting to see which way it moves in the next day or two.
I don't entirely doubt that. That being said, I refrain from speculating long term or trying to predict the future; especially in this current economic environment. Iwouldn't bet on ROKU being a long term hold as of yet; that is flipping a coin. I trade based on market reaction. Not predictions.
GL
I will say this for these streaming companies. They are taking the place of cable companies, soon these cable companies will only be known as internet providers. Streaming is the future of entertainment.
Def possible. At least we finally closed + so I can see another jump before it drops, if it at all. The lame SA articles don't work too well anymore.
Looks like 20 is our floor too?
Looks like we'll test the 23 support area today.
I wouldn't pull the trigger anytime soon. Buy or sell. Too volatile now. Waiting for a definite trend before re entering. GL
I played this the same as SNA* and APR*. Wait for the opening surge then short the highs. Waiting for now though. Need to see market reaction in the days to come. Still think lower from here. GL
The pressure is on. Do you answer the margin manager calls and just close your position or do you hope the pps falls and save your a$$? Decisions decisions!
I have a feeling quite a few people are going to have their positions closed for them this evening.
I guess I should have pulled the trigger on that short order again even if the fees did go up. Today would have been epic for me if I had of.
You do make a very good point about the swings.
I may go back to some of the other popular stocks that have already established a pattern. That's the one thing I hate about IPO's the swings will make you or break you if you're on the wrong side.
I agree with everyone that shorts made the pop but it looks like longs have moved back in as well. I'm still going to wait and see what happens tomorrow, so I'm with you on looking to see which way the wind blows.
Nope I use a different broker. I was sized out of this yesterday though. Not looking to take another position here until definite trend starts. Still think lower. Not going to break all time highs. Next week will be telling.
Gl
Do you have E-Trade by chance? I just tried to short ROKU again at $22.40 and the rate literately doubled since last time. I'm going to take that as a bad sign and probably not short it again, but I was just trying to find out if you seen the same thing.
I covered early this morning and then bought long and sold at $22.55 I'll see where it ends If it pops over $22.60 I might buy back in. Shorts are covering today, but are people just reloading their shorts up here, because I honestly thought about reloading on the short bus above $22.40 if that is the case then we'll see a sharp decline starting around 2:00 pm EST I think. Good luck and take the green bus always, because there's no telling for sure when shorts will pull it back down. I may even put in a short order at $22.45 again.
More shorts will sell more now, rinse, repeat. 25+
Yes Sir! I agree 100%
I still feel their Ad business model is going to be huge. Just look at the year over year growth so far. Hell they just licensed their Tech in Africa right before their IPO took place.
My thoughts as well. If everyone claims they went short, what does that tell you? BUY. They will panic and pop this sucker up QUICKLY.
EXactly! I read yesterday that people were scrambling to borrow shares to short. I love when that happens. Shorts will get burned IMO. I think that is the reason we are seeing article after article how this is just a bad stock. Yet for years analyst have been saying buy a company like TSLA that has issued debt after debt and has not seen a profit since day one but they drive that stock to over $300.
I don’t think going short will work out too well today.
I should have just jumped back on that yesterday, but it’s too late now.
if you only stayed with w@n :(
Below 20 not looking unrealistic at this point... There was some covering today around the high 21's but hardly a rebound. IMO many big shorts still holding. I still don't think the downswing is over with. It sank to lows EOD and further aftermarket. Again, I'm sized out of my position already. Covered most earlier today. Will be watching though. Tommorow will be telling.
All the best
I jumped on the short bus @ 22.45 today. The push up started to look weak to me, so I just went for it. I was debating if I was going to cover today but I decided to wait and see what happens at the open tomorrow. I will cover tomorrow sometime after the bell and then play it by ear and see what unfolds. That small pop that we had today was just shorts closing some positions. So I think tomorrow more might cover. I'll have my finger on the trigger at the bell just in case everyone decides to cover at the same time, but a solid pop will come when the masses go to cover because there are a lot of people that went short on Friday. Good luck
I added shares today. Love how every 2 seconds there is a SA article coming out about how its a sell and the author is short. Their Ad business is really showing huge growth so far. The company is smart enough to know that the hardware side of it is not going to be the growth driver and took steps to turn this company down another area of growth. The shorts are piling on and I say go for it. I love a good short squeeze. As more people cut the cord the traditional ad dollars will have no choice but to look at the areas that actually have the viewers. Hell nobody in my office has cable or Sat TV. They have internet and stuff like hulu, netflix, etc. It is no different when Facebook said that ad dollars were going to mobile and leaving the desktop. This company is actually ahead of the pac when it comes to this growth model IMO.
I'm expecting another red day tomorrow but it can't last much longer.
Shorts burned me out of my position. I was getting too many calls to hold any longer. If it comes back down I'll buy back in with my own money, margin cost me too much. I don't think it's going to see $20 I think too many shorts are starting to cover now.
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