UBNT, Bullish Homing Pigeon, BUY
SHOP, Bullish Engulfing, STAY IN CASH because not confirmed, I jump the gun, bought 100 shares
VEEV, No Pattern, STAY LONG
SPLK, Bullish Doji Star, STAY IN CASH because not confirmed, again jump the gun, double shares to 80
NTNX, Bearish Engulfing, SELL, did nothing since sold covered calls vs 600 shares long ago
IRBT, Bearish Harami, STAY LONG, don’t like this candlestick
PANW, No Pattern, STAY IN CASH, bought 20 shares anyway, is a hidden in plain sight AI stock
Mr Market is taunting me.
Bought only 20 PANW, shot up $3.
Hesitated to long calls, UBNT shot up $2.
Bought SHOP, went down $1.
The worse thing is… you will know after market close.
Now, the true 10x is BITCOIN, it is up 40% in a week, Last Friday to this Friday ! Even though this is speculative and crazy, I really do not know where it is leading to crash?
IMO, Tough to recover. Reason is that they expect slight decrease in revenue (as per their own forecast).
“Impinj reported third-quarter revenue of $32.6 million, up 5% year over year and in line with the average analyst estimate. The company slashed its full-year guidance in August, citing customer delays. Impinj now expects to see a slight decrease in integrated circuit (IC) volumes during the second half of the year, implying a rough fourth quarter.”
Above all, they are not making any profit since IPO and slashing full year guidance will not make investors to buy the stock.
Price closed at $120.27 on Sep 22.
Current P/S = 19.25 vs VEEV 14.03, SPLK 8.82, PANW 7.64, UBNT 5.84, NTNX 5.52
Quarterly Revenue Growth (yoy) = 75%, slowing down from 90%?
Current outstanding shares = 89.5 mil
EV = $8.91B
I think JD will be my 10x stock. It’s now about 1/9 the size of Alibaba. It’s entirely feasible JD will narrow the gap to 1/2 of BABA. So if BABA gets to 1T, JD will be 500B, about 10x the current valuation.
75% revenue growth is amazing. That’s what I want in a small cap. No way I’m buying small can with10% growth rate. Better to buy a big cap with a nice dividend that still grows 10%.