by Travis Johnson, Stock Gumshoe | September 25, 2020 5:31 pm
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Off topic but relevant to the present. I have suspended buying stocks except for gold, silver, copper nickel mining stocks. I do own amazon, alphabet Microsoft Shopify Oled . Not selling. GOVERNMENT has spent 5 trillion++ I will sit tight for now till after elections.
Travis, Regarding options. I am still confused that you have purchased both a IWM call and a put. Is that not like betting against yourself and coming out even?
He is essentially betting that there will be a strong move in either direction. He loses if the price remains the near the same for a while. Same with his SFIX near term options.
It’s betting on more volatility. Or really, hedging against the fact that there might be higher volatility.
Preparing for several different possible futures, not betting big on one.
Anybody thoughts on SNOW Snowflake – IT Services?? This article discussion included Gumshoe’s thoughts on AMZ Amazon & U Unity Software (yes, I’m overweight in AMZ at 25.7% of my portfolio and plan on buying some U), and curious what Gumshoe readers think how long to wait to buy some SNOW — weeks or months??
Did a search here on SG, could not find SNOW being talked about.
Thanks much!
Hi Travis, Any thoughts on GDRX?
Hey Travis. About PAR’s stock offering: are you thinking of doing anything about it? Bit of a let down, imo.
It increases shares outstanding by up to about 20%, if I got it right, which implies a significant dilution
I’ll write in more detail on this on Friday, but it doesn’t particularly worry me — they don’t need the cash urgently at the moment, but raising money with the stock near all-time highs is rational if you want to fund growth ambitions, likely including acquisitions.
They’ve priced it at 38$, though… still bullish, and I do like the management a lot, but… yeah… wasn’t expecting this…