What Did You Buy Today?

[fenders53]

(10-15-2020, 04:31 PM)vbin Wrote:

(10-15-2020, 01:55 PM)fenders53 Wrote:

(10-15-2020, 01:23 PM)vbin Wrote: Anyone looking at FSLY?

I follow it, and a buddy of mine has made serious bank.  He took his original money off the table months ago.  The TikTok news was known a month ago.  I would tell you I am shocked but they have other issues.  When you trade at 50 price to sales there is no margin for cutting estimates.   I made money on FSLY options.  I am out until it settles down.

Literally while I was typing I just got popup messaged he is down $18K today on FSLY and ROKU.  I need to go console him now but I am going to remind him he made enough to buy a decent house and that money is off the table already. 

ROKU is down 2-3 %. Nothing to cry about but I wouldn't buy ROKU at this price either. I made some money on roku selling puts when it was trading $110-160 range, out of it now for good. It's scary at the moment for me. FSLY looks inticing today. Need to find more info. May be I should just stay away and buy T.

I would let FSLY settle out until you read the recent press releases.  They broke the #1 rule and trimmed revenue guidance whilst sporting an insane PS ratio that was around 50.  If it halves from here it would be fair valued.  No that won't happen if they make next earnings and don't trim growth guidance again.  Losing TikTok was a big deal but they can recover.  I made quick money and I'm not touching it again soon.