This board is rather a joke, mainly a lot of ANGI shorts talking to other ANGI shorts, thinking deludedly that they are somehow going to influence the market. Well guess what, fellas. This stock is about to break thru resistance (do the TA and you'll see it) and regardless of how many scare-tactic posts you put up onto Yahoo, there's STILL going to be a really nice run-up, as shorts are forced to cover.
Any ANGI longs out there, it's time to make some money.
Hope everyone's been enjoying this ride so far!
Personally, I'm already happy with the result since I first spotted this breakout. And now, it seems to me that if ANGI can break 19, there's nothing to stop it from reaching the middle to high 20s. But if it falters and falls back below 18, I'll probably be closing my position.
Good luck to all -
Technical Analysis is astrology, and may explain temporary spikes and troughs.
Instead, focus on fundamentals. The shorts here, are looking at the business model at large, revenue acquisition costs, market penetration, competitive landscape, web traffic, value offering and added, etc. And, shorts, like myself, don't see much of a prospect.
But thanks for your post. It's nice to see posts from longs, otherwise it does get to be something of a circle jerk around here. The reason this board is full of shorts is that most longs are here for a few days and then leave because they lost money buying calls or whatnot. I don't think they understand that ANGI is not TWTR or TSLA. The majority of shorts aren't going to cover if the stock rises. It will just be momo traders buying shares from other momo traders. They have done a great job pumping the stock so far, but why not pick a horse that will finish the race? There is no long term future for ANGI shareholders - even the technicians agree on that. There are a handful of funds that own the stock, and then a bunch of technical traders who are pumping it. The latter will disappear before earnings, and the former after earnings.
CD, I just researched all your past posts and could see that you are quite the rabid short, so we probably won't have much to chat about, between the two of us, going forward. But, anyway, enjoy this ride up, I presume you are in position to seriously feel the impact of a price move . . .
A.P., without getting long-winded about this, IMO the technicals are VERY compelling, RIGHT NOW. Just do the TA, as mentioned earlier, and you'll see. Secondly, there is significant value embedded in the ANGI platform, regardless of whether management is able to secure this via execution and performance, or whether an acquiring party is needed to monetize that for shareholders.