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Unloaded at $16.75 to nail a $2 profit. The stock looks extremely tired and is poised to go down after earnings.
Could STM overcome $17.34 after earnings announcement? I doubt it. The recent run from $14 to $16.70, IMHO, has already strongly discounted a great quarter. I'll take my profit and sell on any fake news tomorrow.
There is more to this. First there was AMZN, then EBAY, and then GOOG. Why the smoke if no fire? SHOP is more leaky than the FBI. The liberals that run this Canadian outfit feed on leaks and thrive on leaks, IMHO.
Rumor GOOG is eyeing SHOP spreads.
I am confident that SHOP will be ABOVE the 50-DMA before reporting the second quarter earnings. The secondary takers demand it.
Earnings report on Aug 1 will explain the recent strength. The fact that it stays above the secondary price implies strength. Someone knows something....IMHO
$100 is within reach. What a day...
MF is faked news central. Just don't trust them.
The TSX index is a bunch of BS that tries to lure bag holders into the present collapse of the NASDAQ. All the high flyers are taking a beating NOW. SHOP will be under $80 before this blood letting ends.
Not concerned? With both STM and AAPL UNDER the 50 DMA line??
You must be a real pumper that are being paid to mislead others. Give it a rest!
T/A is deteriorating. We have a gap down below the 50 DMA line. No good. Is Apple changing suppliers? Be very careful longs.
Faked news MSNBC caused panic selling in tech sector. There will be a rebound next week. I did bank on it by buying more shares @90.50. Turning off the faked news channels is cool!
Comey singlehandedly did it because he admitted being a leaker. This will lead to Lynch investigation. Then Hillary's indictment would follow. These events will distract Trump who has already spent too much time in fighting these crooked MSMs.
I was right on
I would be cautious here because of the Trump situation. If the faked new organizations push for impeachment, God help the market.
STM will make a new 52-wk high. TODAY!
The old high was $17.16...
Cramer pumped tonight on Lightning Round:
"This thing's amazing. This is an online platform that is working. No one believes in Shopify except for me. I've been behind this thing for 30 [basis] points. I'm not quitting."
Reasons to support SHOP's pending breaking the $100 mark before 6/8/2017:
1.Whenever a long white candle occurs, an all time new high will follow. It occurred on 12/27, 1/5, 2/15, 5/18 and now 6/2. Ubetcha the crossing of US$100 will become a slam dunk.
2.The most important T/A indicator is the OBV (On Balance Volume). It just pushed to all time high. It means that all the BUYERS are now profitable. Still remember “volume leads price leads news”? IMHO, the price (pps) will FOLLOW volume breakout to another new all time high. Then news will come out from the shareholders meeting to justify da move.
Please note the above has nothing to do with the merchant counts or sales per merchant. It is pure T/A!
Please note that charting does not means trading. I use T/A just for fun to check out my theory of "Volume leads price leads news". Thus far, it has been very accurate for my calls.
I am long to the core since $60 and have kept every single share. Have a good day.
Wow. What you are looking for sounds complicated. Besides, the numbers that are published are not 100% correct, due to creative accounting practice. I have a much simpler way: By looking at the price and volume chart. I believe they represent all the fundamental analysis. I'll detail them on another post and tell you why I made my "pps over US$100" call this morning.
I'll stick my neck out and make another call:
By June 8, Shop will hit $100 and change. Then a T/A sell-off will occur. Good luck to all.
New all time high @ US$96.35!
On 5/22, I posted "After completion of secondary (5/24), it will march up to assault the old high of $95.88". Very happy about the call.
Breaking out from a 8 day consolidation!
Pumping begins to making a new high...
Shopify Price Target Announced at $95.00/Share by Credit Suisse
After completion of secondary (5/24), it will march up to assault the old high of $95.88. Why? The buyers of these over-priced shares @ 91 are entitled to have a profit too, you know. $110 is an easy call....
Secondary being price @ $91. That's $500,500,000 play money for the CEO to spend.... A new yacht or condo??
Shop is getting ready to assault the all time high of $95.88, IMHO. Reason: Whenever a LONG white candle is formed, the pps pushes HIGHER. Ref: stockcharts.com
Today's 7.6% loss was due to 1. 372 points drop of the Dow.
2. Shop filed for $2.3B subordinate debt to raise cash.
Good luck
Shortly after the market opened, around 6:20am.
RSI is at 81.82 that is way overbought and due for a healthy correction. However, Cramer's push could have some negating effect for the correction and make it a shallow one. We shall see by tomorrow.
I expect the iPhone 8 in September which is LESS THAN 4 months away. IMHO, the recent strength could be due to the E-car battery alliance and the fast approaching the iPhone 8 pop. $18 is dirt cheap for this baby...
On CNBC's Mad Money, Jim Cramer recommended Shopify Inc (US) (NYSE: SHOP) as a buy. He explained that the company keeps posting good earnings results.
New high today @17.16. Expect a BIG move tomorrow for another new high. $18 is within reach...
Cramer said "BUY" on CNBC this morning
17.02. I just blinked my eyes.
Come tomorrow, I will look into my projector during presentation and see if I would blink. The sooner the better to sweet 17.
Making a new high @95.88. My other holding STM is making a new high too. I am thrilled to have put all my eggs into these two winners.
STM made a new high today FOLLOWING the net buy volume. "Net buy volume leads pps leads news" is once again proven to be correct. News will follow soon. Maybe new alliance, maybe new deal with electric car or maybe new iPhone. I don't care. I just buy and hold until the big pop occurs. $17 will fall with a blink of your eye.
Wow. Big surge in Net Buy Volume
SHOP soars and the latest print is $94.55. This unbelievable run keeps on running. When will it end?