yes..longer term but i also like to trade stocks that have better prospects in general..there are less surprises if you know what i mean. Feye is a bit more speculative than the others as far as what i can tell. stocks like panw usually trade above 21 day ema and are most often then not good buys when they correct down to support levels. panw has dbl bottomed recently around 93 which is right around 21 day.
Still own some panw..been selling calls short against it so I'm down a bit not much. I almost always hedge and the market has been giving clear signals for awhile to be cautious near term.
keep a stop on this one if I were you..it's a recent ipo so technicals are basically nonexistent. I bought some on the close yesterday to add to my position. I lowered my stop to 26. Gl
I was looking at eBay for a long term purchase 2 days ago. Argh..lol still think it may be a good hold. Pay pal will be very attractive to a buyer...maybe baba? eBay may make it to 60s? If it pulls in a bit I may buy some?
Ipos. can be tough to know..it's seems to be solid company in a sweet spot for the market. It's more of a trade set up for me. You can read lots info on the company because of it's recent ipo status.
You missed my earlier post..got in on the sell off below 28 at the open..I would buy it in the 27s use 27 as stop. I'm hoping it will test 30 area again