Apr. 9 at 4:13 PM
Re-entered
$PYPL &
$UBER for LT.
While my visibility and conviction re: a quick ST spike isn’t as high as
$PTON or
$PGY my LT conviction is obviously higher on these.
I don’t like having too many penny stocks <
$5 in my portfolio regardless of how bullish I am; a) they attract too much ST volatility and b) they don’t get any/enough insti love to make them rally on big market days like yesterday.
With Pennines it’s all about Guidance thus the risk is carried w/a lower probability of upside days until we get to ER.
I’m confident both PTON. and PGY can and will double but I also know that PYPL & UBER should also and most likely will but it will take longer.
I trade opportunistically but the core strategy is always LT.
It’s a YTD, EOY & YoY w/balanced risk/beta game for me.
PTON is still down 23% for the year; it’s almost too beautiful of a setup to completely walk away from. I’ve still got
$EVGO as a 1X flyer but she’s acting like she needs to hop on a PTON and get in shape.
