I suspect this caused the selloff prior to the closing rally.Quote:
President Donald Trump visits the Centers for Disease Control headquarters in Atlanta. The White House said late Friday morning that the president would indeed make the trip, hours after an administration official said the visit was canceled. Trump said there was a person suspected to have coronavirus at CDC on Thursday, but the test had come back negative. The disease has infected more than 100,000 people worldwide, killing at least 3,383.
moses1084ever said:
I'm confused by some of the terminology being thrown around... I see some people simultaneously buying puts and calls but calling them spreads. Wouldn't the trade just described be a straddle or strangle?
claym711 said:
Any candlestick guys? It's a 7-8% doji. I don't have the right chicken bones to read that.
I was gonna ask about this too.moses1084ever said:
I'm confused by some of the terminology being thrown around... I see some people simultaneously buying puts and calls but calling them spreads. Wouldn't the trade just described be a straddle or strangle?
i just cashed out of every thing. Playing with a very volatile bear market has cost me 4% and thinking i can buy into the dips was not sustainable when i held anything overnight. Technical supports are failing across the board it seems.oldarmy1 said:
So does everyone feel good having a down day close with a up ending? Man these could be bear traps or they could be successful retest of lows. I'd stick with spreads for now.
The S&P is down over 50 but end of day makes people feel good. Caution
Yesterday on Fast Money they said shorts were covering everywhere at the close because human trials of COVID19 vaccines could begin testing next week and the possibility of further liquidity being added to the market. We'll know more Monday.BREwmaster said:
ROKU at the bell, 184k share volume @ 102! I can't see the individual purchase, but nice goal post at the close!
Prognightmare said:
human trials of COVID19 vaccines could begin testing next week and the possibility of further liquidity being added to the market. We'll know more Monday.
Quote:
Roku: Bullish After A 44% Sell-Off
Summary
Members of the App Economy Portfolio have pressed me to take a stance on Roku when the shares were trading above $160 in November 2019.
I pushed back against chasing it due to concerns over valuation, with the company trading at more than 18 times sales at the time.
Since then, KPIs of the platform have continued to improve, both in streaming hours and ARPU (average revenue per user).
Fast-growing disruptors like Roku tend to be punished harder in the context of a market correction, creating a timely long-term opportunity.
After a 44% sell-off over the past few weeks, I gave another look at the story and decided to initiate a long position.
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I'll admit it. I have misunderstood Roku (NASDAQ:ROKU) for quite some time.
You see, I'm a cord-cutter myself, and a happy user of Google (NASDAQ:GOOG) (NASDAQ:GOOGL) Chromecast. For a long time, I was having a hard time understanding why Roku would have a sustainable business model as a simple aggregator of OTT (over-the-top) applications.
Only once I realized that Roku was a pure-play in CTV ads (Connected TV advertising), one of the fastest growing segments of the programmatic advertising space, did I realize I had been wrong all along.
After publishing a bullish thesis on The Trade Desk (NASDAQ:TTD) back in 2018, I have covered multiple times the importance of the rise of programmatic ads and specifically CTV for members of the App Economy Portfolio.
Roku is emerging as the clear leading service-agnostic platform offering an all-in-one place to select and enjoy TV content. As a result, the company is poised to drive publisher's interest and ARPU higher via its CTV ads.
CTV ads offer the best of two worlds:In the context of a market correction with a lot of uncertainties surrounding the novel coronavirus, fast growing companies tend to be hit the hardest. Roku has been no exception, falling 44% off its all-time-high in the past few weeks. This naturally creates a fantastic opportunity to get shares of Roku at a much more affordable price.
- The targeting of programmatic ads you usually see on mobile or desktop, optimized and cost efficient.
- The engagement of TV ads, capturing the viewer attention with high-quality setup and high completion rate.
McInnis 03 said:
https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-03-07/saudis-plan-big-oil-output-hike-beginning-all-out-price-war
Saudi trying to sink everyone
